SHA:603700 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	1,678	1,490	1,777	1,545	1,702	1,581
Other Revenue	10.89	10.89	12.01	10.17	15.33	9.61
Revenue	1,689	1,501	1,789	1,555	1,717	1,590
Revenue Growth (YoY)	9.42%	-16.13%	15.06%	-9.45%	7.99%	15.97%
Cost of Revenue	1,351	1,185	1,374	1,116	1,191	1,045
Gross Profit	338.59	315.15	414.97	439.35	526.7	545.07
Selling, General & Admin	189.3	187	201	249.65	219.93	199.99
Research & Development	77.78	73.61	69.72	60.28	62.68	56.88
Other Operating Expenses	15.1	1.51	13.99	-21.23	8.96	-26.34
Operating Expenses	320.26	298.22	310.97	323.03	315.06	251.07
Operating Income	18.34	16.94	104.01	116.33	211.64	294
Interest Expense	-1.43	-2.01	-3.7	-2.86	-2.31	-0.95
Interest & Investment Income	47.7	2.75	4.24	8.12	16.42	15.2
Currency Exchange Gain (Loss)	3.35	3.35	1.65	6.26	-2.56	-3.75
Other Non Operating Income (Expenses)	-7.59	-4.84	-1.78	-1.7	6.1	9.77
EBT Excluding Unusual Items	60.37	16.19	104.42	126.14	229.3	314.28
Impairment of Goodwill	-	-	-	-0.46	-	-
Gain (Loss) on Sale of Investments	3.4	0.16	-0.32	-0.22	-1.67	1.89
Gain (Loss) on Sale of Assets	0.07	0.02	0.05	-0.01	-	-0.02
Asset Writedown	-0.44	0.2	-1.26	-0.45	-0.65	-0.73
Other Unusual Items	39.73	39.73	43.51	16.99	39.54	-
Pretax Income	103.12	56.3	146.4	141.99	266.52	315.42
Income Tax Expense	10.68	4.05	15.31	16.37	31.93	42.73
Earnings From Continuing Operations	92.44	52.25	131.09	125.62	234.59	272.7
Net Income to Company	92.44	52.25	131.09	125.62	234.59	272.7
Minority Interest in Earnings	0.17	0.16	0.17	0.77	0.78	0.4
Net Income	92.6	52.42	131.26	126.39	235.37	273.09
Net Income to Common	92.6	52.42	131.26	126.39	235.37	273.09
Net Income Growth	9.40%	-60.07%	3.86%	-46.30%	-13.81%	28.64%
Shares Outstanding (Basic)	204	202	199	201	203	203
Shares Outstanding (Diluted)	204	202	199	201	203	203
Shares Change (YoY)	4.03%	1.37%	-0.86%	-1.13%	-0.17%	1.48%
EPS (Basic)	0.45	0.26	0.66	0.63	1.16	1.34
EPS (Diluted)	0.45	0.26	0.66	0.63	1.16	1.34
EPS Growth	5.16%	-60.61%	4.76%	-45.69%	-13.43%	26.41%
Free Cash Flow	68.19	16.6	123.5	-153.59	20.78	53.92
Free Cash Flow Per Share	0.34	0.08	0.62	-0.77	0.10	0.27
Dividend Per Share	0.200	0.200	0.300	0.300	0.800	0.400
Dividend Growth	-33.33%	-33.33%	-	-62.50%	100.00%	73.31%
Gross Margin	20.04%	21.00%	23.19%	28.26%	30.67%	34.28%
Operating Margin	1.09%	1.13%	5.81%	7.48%	12.32%	18.49%
Profit Margin	5.48%	3.49%	7.34%	8.13%	13.71%	17.17%
Free Cash Flow Margin	4.04%	1.11%	6.90%	-9.88%	1.21%	3.39%
EBITDA	46.96	48.17	138.71	138.4	227.51	308.41
EBITDA Margin	2.78%	3.21%	7.75%	8.90%	13.25%	19.39%
D&A For EBITDA	28.62	31.23	34.71	22.07	15.87	14.4
EBIT	18.34	16.94	104.01	116.33	211.64	294
EBIT Margin	1.08%	1.13%	5.81%	7.48%	12.32%	18.49%
Effective Tax Rate	10.36%	7.19%	10.45%	11.53%	11.98%	13.55%
Revenue as Reported	1,689	1,501	1,789	1,555	1,717	1,590
Advertising Expenses	-	5.33	4.19	3.97	3.9	2.35

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