SHA:603665 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,406	1,515	1,553	1,350	1,040
Other Revenue	-	5.27	9.4	24.16	13
Revenue	1,406	1,520	1,563	1,374	1,053
Revenue Growth (YoY)	-7.50%	-2.73%	13.73%	30.55%	3.85%
Cost of Revenue	1,190	1,321	1,379	989.53	1,134
Gross Profit	216.72	199.08	183.9	384.58	-81.28
Selling, General & Admin	128.02	191.6	158	183.41	151.87
Research & Development	36.67	47.17	63.39	62.3	44.73
Other Operating Expenses	-11.64	6.86	12.39	11.24	6.9
Operating Expenses	155.91	248.46	236.25	244.47	219.21
Operating Income	60.81	-49.38	-52.35	140.11	-300.49
Interest Expense	-59.15	-76.11	-46.14	-42.13	-35.79
Interest & Investment Income	108.63	4.22	3.58	134.09	17.13
Currency Exchange Gain (Loss)	-	3.99	-13.24	47.93	-4.65
Other Non Operating Income (Expenses)	-22.48	-3.15	-23.3	-2.84	-0.45
EBT Excluding Unusual Items	87.81	-120.43	-131.45	277.15	-324.26
Impairment of Goodwill	-	-310.72	-85.09	-23.4	-40.77
Gain (Loss) on Sale of Investments	1	-60.09	-47.55	-9.65	-0.67
Gain (Loss) on Sale of Assets	0.12	-1.97	-3.83	-3.8	41.52
Asset Writedown	-45.77	-50.39	-2.81	-0.32	-1.36
Legal Settlements	-	-	-	-0.6	-
Other Unusual Items	-	16.36	17.11	11.92	7.76
Pretax Income	43.16	-527.22	-253.62	251.29	-317.79
Income Tax Expense	16.77	5.39	39.59	9.12	10.53
Earnings From Continuing Operations	26.38	-532.62	-293.21	242.17	-328.32
Minority Interest in Earnings	53.16	47.09	72.93	-33.12	174.03
Net Income	79.54	-485.53	-220.28	209.05	-154.28
Net Income to Common	79.54	-485.53	-220.28	209.05	-154.28
Shares Outstanding (Basic)	162	161	158	158	157
Shares Outstanding (Diluted)	162	161	158	158	157
Shares Change (YoY)	0.63%	1.79%	0.06%	0.60%	6.60%
EPS (Basic)	0.49	-3.01	-1.39	1.32	-0.98
EPS (Diluted)	0.49	-3.01	-1.39	1.32	-0.98
Free Cash Flow	-14.23	45.9	-96.16	11.56	-368.98
Free Cash Flow Per Share	-0.09	0.28	-0.61	0.07	-2.34
Gross Margin	15.41%	13.10%	11.77%	27.99%	-7.72%
Operating Margin	4.32%	-3.25%	-3.35%	10.20%	-28.55%
Profit Margin	5.66%	-31.94%	-14.09%	15.21%	-14.66%
Free Cash Flow Margin	-1.01%	3.02%	-6.15%	0.84%	-35.05%
EBITDA	207.58	103.36	47.99	195.12	-257.84
EBITDA Margin	14.76%	6.80%	3.07%	14.20%	-24.50%
D&A For EBITDA	146.76	152.73	100.34	55.01	42.65
EBIT	60.81	-49.38	-52.35	140.11	-300.49
EBIT Margin	4.32%	-3.25%	-3.35%	10.20%	-28.55%
Effective Tax Rate	38.86%	-	-	3.63%	-
Revenue as Reported	1,406	1,520	1,563	1,374	1,053
Advertising Expenses	-	9.25	8.55	4.78	4.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.