SHA:603698 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	4,217	3,405	2,802	2,501	2,405
Other Revenue	-	4.48	5.5	5.03	27.05
Revenue	4,217	3,410	2,807	2,506	2,432
Revenue Growth (YoY)	23.67%	21.45%	12.02%	3.07%	17.44%
Cost of Revenue	3,405	2,731	2,205	1,996	2,072
Gross Profit	812.06	678.61	602.43	510.19	359.65
Selling, General & Admin	264.07	247.38	180.83	167.69	165.96
Research & Development	233.61	246.68	161.04	128.64	157.88
Other Operating Expenses	-8.05	7.14	11.01	14.81	16.5
Operating Expenses	489.63	488.85	463.66	362.68	315.69
Operating Income	322.43	189.76	138.77	147.51	43.96
Interest Expense	-	-10.3	-	-0.29	-
Interest & Investment Income	-	77.75	47.71	21.52	43.08
Other Non Operating Income (Expenses)	-61.87	-4.03	-0.92	-1.54	-0.03
EBT Excluding Unusual Items	260.56	253.18	185.56	167.2	87.01
Gain (Loss) on Sale of Assets	-	-	-	-0	8.33
Asset Writedown	49.92	-	-	-	-
Other Unusual Items	-	13.3	7.96	8.32	63.47
Pretax Income	310.48	266.48	193.52	175.52	158.82
Income Tax Expense	8.25	38.65	6.37	8.42	3.32
Earnings From Continuing Operations	302.23	227.83	187.16	167.1	155.5
Minority Interest in Earnings	-85.73	-38.62	-	-	-
Net Income	216.51	189.21	187.16	167.1	155.5
Net Income to Common	216.51	189.21	187.16	167.1	155.5
Net Income Growth	14.43%	1.09%	12.00%	7.46%	-13.29%
Shares Outstanding (Basic)	541	541	535	539	536
Shares Outstanding (Diluted)	541	541	535	539	536
Shares Change (YoY)	0.13%	1.09%	-0.80%	0.53%	-1.33%
EPS (Basic)	0.40	0.35	0.35	0.31	0.29
EPS (Diluted)	0.40	0.35	0.35	0.31	0.29
EPS Growth	14.29%	-	12.90%	6.90%	-12.12%
Free Cash Flow	-928.88	138.9	245.08	378.27	265.9
Free Cash Flow Per Share	-1.72	0.26	0.46	0.70	0.50
Dividend Per Share	-	0.108	0.105	0.098	0.088
Dividend Growth	-	2.86%	7.14%	11.36%	-12.87%
Gross Margin	19.26%	19.90%	21.46%	20.36%	14.79%
Operating Margin	7.65%	5.56%	4.94%	5.89%	1.81%
Profit Margin	5.13%	5.55%	6.67%	6.67%	6.40%
Free Cash Flow Margin	-22.03%	4.07%	8.73%	15.09%	10.94%
EBITDA	448.69	268.97	184.51	193.38	84.57
EBITDA Margin	10.64%	7.89%	6.57%	7.72%	3.48%
D&A For EBITDA	126.26	79.2	45.74	45.87	40.61
EBIT	322.43	189.76	138.77	147.51	43.96
EBIT Margin	7.65%	5.56%	4.94%	5.89%	1.81%
Effective Tax Rate	2.66%	14.50%	3.29%	4.80%	2.09%
Revenue as Reported	-	3,410	2,807	2,506	2,432
Advertising Expenses	-	3.04	0.84	0.65	0.53

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