SHA:603617 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	Jun '26 Jun 30, 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	1,204	1,086	1,082	696.37	739.52	956.53
Other Revenue	36.9	36.9	28.64	22.18	14.25	18.83
Revenue	1,241	1,123	1,111	718.55	753.77	975.37
Revenue Growth	8.69%	1.06%	54.62%	-4.67%	-22.72%	32.15%
Cost of Revenue	903.13	841.71	849.59	590.22	595.19	758.27
Gross Profit	337.41	281.09	261.44	128.34	158.58	217.09
Selling, General & Admin	222.28	181.54	153.41	102	81.32	79.28
Research & Development	31.4	31.1	27.1	21.24	21.07	30.27
Other Operating Expenses	1.75	6.64	3.79	6.51	5.58	2.22
Operating Expenses	255.44	219.27	184.3	133.27	105.31	113.43
Operating Income	81.97	61.82	77.14	-4.94	53.26	103.66
Interest Expense	-8.18	-8.18	-9.41	-15.15	-32.94	-18.26
Interest & Investment Income	17.12	17.17	29.37	51.19	17.07	18.02
Currency Exchange Gain (Loss)	-1.69	-1.69	6.72	6.66	22.35	-3.22
Other Non Operating Income (Expenses)	-22.07	-1.79	-7.18	-0.68	-0.99	-1.5
EBT Excluding Unusual Items	67.15	67.34	96.63	37.08	58.75	98.69
Impairment of Goodwill	-	-	-0.58	-2.92	-2.13	-
Gain (Loss) on Sale of Investments	0.12	-	-	-3.28	3.42	0.67
Gain (Loss) on Sale of Assets	-0.43	-0.61	2.59	3.05	-0.83	8.97
Asset Writedown	-0.73	-	-	-	-	-
Other Unusual Items	2.94	2.94	1.73	9.25	4.69	4.13
Pretax Income	69.04	69.67	100.37	43.19	63.91	112.45
Income Tax Expense	17.56	20.29	21.07	7.24	10.51	20.09
Earnings From Continuing Operations	51.48	49.38	79.29	35.94	53.4	92.37
Minority Interest in Earnings	0.6	1.12	0.15	0.68	0.43	-
Net Income	52.08	50.5	79.45	36.62	53.83	92.37
Net Income to Common	52.08	50.5	79.45	36.62	53.83	92.37
Net Income Growth	-27.59%	-36.44%	116.96%	-31.97%	-41.73%	-5.08%
Shares Outstanding (Basic)	398	388	378	366	359	289
Shares Outstanding (Diluted)	398	388	378	366	359	319
Shares Change	4.98%	2.68%	3.31%	2.05%	12.67%	7.56%
EPS (Basic)	0.13	0.13	0.21	0.10	0.15	0.32
EPS (Diluted)	0.13	0.13	0.21	0.10	0.15	0.29
EPS Growth	-31.02%	-38.09%	110.00%	-33.33%	-48.28%	-11.75%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-63.31	-21.31	-109.61	36.64	-50.08	-358.11
Free Cash Flow Per Share	-0.16	-0.06	-0.29	0.10	-0.14	-1.12
Dividend Per Share	0.050	0.050	0.080	0.040	0.030	0.107
Dividend Growth	-37.50%	-37.50%	100.00%	33.33%	-71.99%	-50.02%
Gross Margin	27.20%	25.04%	23.53%	17.86%	21.04%	22.26%
Operating Margin	6.61%	5.51%	6.94%	-0.69%	7.07%	10.63%
Profit Margin	4.20%	4.50%	7.15%	5.10%	7.14%	9.47%
Free Cash Flow Margin	-5.10%	-1.90%	-9.87%	5.10%	-6.64%	-36.72%
EBITDA	162.16	138.81	144.65	55.94	106.11	134.43
EBITDA Margin	13.07%	12.36%	13.02%	7.79%	14.08%	13.78%
D&A For EBITDA	80.19	76.98	67.51	60.88	52.85	30.77
EBIT	81.97	61.82	77.14	-4.94	53.26	103.66
EBIT Margin	6.61%	5.51%	6.94%	-0.69%	7.07%	10.63%
Effective Tax Rate	25.43%	29.12%	20.99%	16.77%	16.44%	17.86%
Revenue as Reported	1,123	1,123	1,111	718.55	753.77	975.37
Advertising Expenses	-	3.96	4.06	1.99	0.49	0.16