SHA:603678 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,326	2,780	3,477	3,513	4,651	3,586
Other Revenue	21.88	21.88	26.18	45.74	83	70.06
Revenue	3,348	2,802	3,504	3,559	4,734	3,656
Revenue Growth (YoY)	13.85%	-20.04%	-1.55%	-24.83%	29.48%	42.30%
Cost of Revenue	2,327	1,959	2,497	2,064	3,070	2,516
Gross Profit	1,021	842.31	1,007	1,494	1,665	1,140
Selling, General & Admin	520.27	482.66	453.77	382.78	336.6	267.68
Research & Development	116.27	112.15	144.88	106.96	107.69	68.1
Other Operating Expenses	8.46	7.12	6.01	26.72	24.25	17.97
Operating Expenses	655.87	609.79	624.29	525.12	470.01	370.51
Operating Income	365.3	232.52	382.63	969.19	1,195	769.69
Interest Expense	-29	-35.02	-49.7	-42.82	-34.3	-27.89
Interest & Investment Income	17.8	20.17	14.02	10.72	6.98	3.14
Currency Exchange Gain (Loss)	-7.33	-7.33	-0.34	1.06	3.45	-1.5
Other Non Operating Income (Expenses)	0.22	-0.18	-0.79	-4.05	-3.1	-4.22
EBT Excluding Unusual Items	347	210.17	345.83	934.1	1,168	739.22
Impairment of Goodwill	-25.5	-25.5	-	-	-	-
Gain (Loss) on Sale of Investments	-0.1	-0.63	-3.63	-0.47	-4.43	-2.91
Gain (Loss) on Sale of Assets	0.19	0.32	0.87	0	-1.4	0.39
Asset Writedown	7.68	-0.14	-0.36	-0.1	-0.47	-0.48
Other Unusual Items	25.43	26.41	15.45	39.71	13.26	27.58
Pretax Income	354.7	210.63	358.17	973.24	1,175	763.81
Income Tax Expense	69.54	35.38	44.7	147.54	197.94	133.21
Earnings From Continuing Operations	285.17	175.24	313.47	825.69	976.68	630.59
Minority Interest in Earnings	3.71	19.28	4.91	-24.24	-20.83	-21.1
Net Income	288.87	194.52	318.38	801.45	955.85	609.49
Net Income to Common	288.87	194.52	318.38	801.45	955.85	609.49
Net Income Growth	14.49%	-38.90%	-60.27%	-16.15%	56.83%	59.79%
Shares Outstanding (Basic)	462	452	455	458	460	451
Shares Outstanding (Diluted)	462	452	461	474	473	462
Shares Change (YoY)	1.67%	-1.96%	-2.70%	0.22%	2.48%	1.68%
EPS (Basic)	0.63	0.43	0.70	1.75	2.08	1.35
EPS (Diluted)	0.63	0.43	0.69	1.69	2.02	1.32
EPS Growth	12.61%	-37.68%	-59.17%	-16.34%	53.03%	57.14%
Free Cash Flow	-289.94	320.52	511.67	279.52	-25.66	-245.46
Free Cash Flow Per Share	-0.63	0.71	1.11	0.59	-0.05	-0.53
Dividend Per Share	0.220	0.130	0.150	0.350	0.480	0.340
Dividend Growth	-	-13.33%	-57.14%	-27.08%	41.18%	100.00%
Gross Margin	30.50%	30.07%	28.74%	41.99%	35.16%	31.19%
Operating Margin	10.91%	8.30%	10.92%	27.23%	25.23%	21.05%
Profit Margin	8.63%	6.94%	9.09%	22.52%	20.19%	16.67%
Free Cash Flow Margin	-8.66%	11.44%	14.60%	7.85%	-0.54%	-6.71%
EBITDA	587.9	441.38	573.16	1,116	1,306	855.83
EBITDA Margin	17.56%	15.75%	16.36%	31.35%	27.58%	23.41%
D&A For EBITDA	222.6	208.85	190.53	146.44	111.29	86.14
EBIT	365.3	232.52	382.63	969.19	1,195	769.69
EBIT Margin	10.91%	8.30%	10.92%	27.23%	25.23%	21.05%
Effective Tax Rate	19.60%	16.80%	12.48%	15.16%	16.85%	17.44%
Revenue as Reported	3,348	2,802	3,504	3,559	-	3,656
Advertising Expenses	-	4.57	7.13	6.89	7.72	6.49

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.