SHA:603611 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	6,647	6,660	6,940	6,918	6,674	5,857
Other Revenue	29.9	29.9	38.64	44.28	27.75	30.16
Revenue	6,677	6,689	6,979	6,963	6,702	5,887
Revenue Growth (YoY)	-2.69%	-4.14%	0.23%	3.89%	13.85%	44.39%
Cost of Revenue	5,206	5,272	5,433	5,461	5,361	4,754
Gross Profit	1,471	1,418	1,546	1,501	1,341	1,133
Selling, General & Admin	709.61	700.9	710.83	657.41	598.64	504.96
Research & Development	276.76	272.74	241.22	264.44	259.29	224.38
Other Operating Expenses	31.66	34.26	40.58	28.95	29.07	16.8
Operating Expenses	1,049	1,039	1,007	979.24	914.71	798.84
Operating Income	421.86	379.21	538.6	522.19	426.33	334.42
Interest Expense	-38.07	-38.07	-40.64	-33.96	-39.93	-32.14
Interest & Investment Income	46.58	51.27	55.27	36.55	7.03	6.4
Currency Exchange Gain (Loss)	91.49	91.49	-0.73	-11.46	70.02	-3.02
Other Non Operating Income (Expenses)	-120.19	-7.76	-2.84	-6.7	-8.9	-4.73
EBT Excluding Unusual Items	401.67	476.13	549.66	506.64	454.55	300.92
Impairment of Goodwill	-49.41	-49.41	-40.01	-	-10.84	-
Gain (Loss) on Sale of Investments	27.84	48.03	28.64	-7.36	-15.69	17.05
Gain (Loss) on Sale of Assets	0.38	0.96	-0.88	0.2	0.61	-0.9
Asset Writedown	15.78	-13.78	-10.32	-0.12	-0.15	-0.33
Other Unusual Items	39.69	39.69	13.22	28.88	22.98	22.79
Pretax Income	435.94	501.63	540.31	528.24	451.47	339.53
Income Tax Expense	50.95	72.37	75.31	67.1	66.9	45.83
Earnings From Continuing Operations	385	429.26	465	461.14	384.57	293.7
Minority Interest in Earnings	-3.83	-0.06	-3.09	-3.4	17.62	6.51
Net Income	381.17	429.2	461.91	457.75	402.19	300.22
Net Income to Common	381.17	429.2	461.91	457.75	402.19	300.22
Net Income Growth	-18.76%	-7.08%	0.91%	13.81%	33.97%	23.86%
Shares Outstanding (Basic)	257	257	258	257	258	257
Shares Outstanding (Diluted)	257	257	258	257	258	257
Shares Change (YoY)	-0.14%	-0.40%	0.34%	-0.25%	0.47%	-3.67%
EPS (Basic)	1.48	1.67	1.79	1.78	1.56	1.17
EPS (Diluted)	1.48	1.67	1.79	1.78	1.56	1.17
EPS Growth	-18.65%	-6.70%	0.56%	14.10%	33.33%	28.57%
Free Cash Flow	413.61	582.5	471.85	-225.9	397.1	90.17
Free Cash Flow Per Share	1.61	2.27	1.83	-0.88	1.54	0.35
Dividend Per Share	0.833	0.833	0.897	0.622	0.550	0.550
Dividend Growth	-7.13%	-7.13%	44.21%	13.09%	-	83.33%
Gross Margin	22.02%	21.20%	22.15%	21.56%	20.01%	19.25%
Operating Margin	6.32%	5.67%	7.72%	7.50%	6.36%	5.68%
Profit Margin	5.71%	6.42%	6.62%	6.57%	6.00%	5.10%
Free Cash Flow Margin	6.19%	8.71%	6.76%	-3.24%	5.92%	1.53%
EBITDA	528.24	485.96	646.84	620.97	520.94	427.61
EBITDA Margin	7.91%	7.27%	9.27%	8.92%	7.77%	7.26%
D&A For EBITDA	106.38	106.75	108.24	98.77	94.61	93.18
EBIT	421.86	379.21	538.6	522.19	426.33	334.42
EBIT Margin	6.32%	5.67%	7.72%	7.50%	6.36%	5.68%
Effective Tax Rate	11.69%	14.43%	13.94%	12.70%	14.82%	13.50%
Revenue as Reported	6,689	6,689	6,979	6,963	6,702	5,887
Advertising Expenses	-	18.99	27.7	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.