SHA:603700 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	Mar '26 Mar 31, 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	1,821	1,728	1,490	1,777	1,545	1,702
Other Revenue	15.7	15.7	10.89	12.01	10.17	15.33
Revenue	1,837	1,743	1,501	1,789	1,555	1,717
Revenue Growth (YoY)	21.23%	16.18%	-16.13%	15.06%	-9.45%	7.99%
Cost of Revenue	1,460	1,391	1,185	1,374	1,116	1,191
Gross Profit	377.15	351.82	315.15	414.97	439.35	526.7
Selling, General & Admin	195.83	193.81	187	201	249.65	219.93
Research & Development	77.24	76.87	73.61	69.72	60.28	62.68
Other Operating Expenses	2.54	7.44	1.51	13.99	-21.23	8.96
Operating Expenses	318.17	317.82	298.22	310.97	323.03	315.06
Operating Income	58.98	34	16.94	104.01	116.33	211.64
Interest Expense	-0.77	-1.2	-2.01	-3.7	-2.86	-2.31
Interest & Investment Income	12.51	52.27	2.75	4.24	8.12	16.42
Currency Exchange Gain (Loss)	-0.56	-0.56	3.35	1.65	6.26	-2.56
Other Non Operating Income (Expenses)	-25.61	-20.87	-4.84	-1.78	-1.7	6.1
EBT Excluding Unusual Items	44.55	63.64	16.19	104.42	126.14	229.3
Impairment of Goodwill	-	-	-	-	-0.46	-
Gain (Loss) on Sale of Investments	1.61	1.95	0.16	-0.32	-0.22	-1.67
Gain (Loss) on Sale of Assets	0.14	0.04	0.02	0.05	-0.01	-
Asset Writedown	-0.32	-0.36	0.2	-1.26	-0.45	-0.65
Other Unusual Items	30.59	30.59	39.73	43.51	16.99	39.54
Pretax Income	76.57	95.86	56.3	146.4	141.99	266.52
Income Tax Expense	0.73	2.6	4.05	15.31	16.37	31.93
Earnings From Continuing Operations	75.83	93.26	52.25	131.09	125.62	234.59
Net Income to Company	75.83	93.26	52.25	131.09	125.62	234.59
Minority Interest in Earnings	0.08	0.09	0.16	0.17	0.77	0.78
Net Income	75.91	93.35	52.42	131.26	126.39	235.37
Net Income to Common	75.91	93.35	52.42	131.26	126.39	235.37
Net Income Growth	10.08%	78.09%	-60.07%	3.86%	-46.30%	-13.81%
Shares Outstanding (Basic)	202	199	202	199	201	203
Shares Outstanding (Diluted)	202	199	202	199	201	203
Shares Change (YoY)	-0.57%	-1.48%	1.37%	-0.86%	-1.13%	-0.17%
EPS (Basic)	0.38	0.47	0.26	0.66	0.63	1.16
EPS (Diluted)	0.38	0.47	0.26	0.66	0.63	1.16
EPS Growth	10.71%	80.77%	-60.61%	4.76%	-45.69%	-13.43%
Free Cash Flow	-33.56	94.12	16.6	123.5	-153.59	20.78
Free Cash Flow Per Share	-0.17	0.47	0.08	0.62	-0.77	0.10
Dividend Per Share	0.300	0.300	0.200	0.300	0.300	0.800
Dividend Growth	50.00%	50.00%	-33.33%	-	-62.50%	100.00%
Gross Margin	20.53%	20.18%	21.00%	23.19%	28.26%	30.67%
Operating Margin	3.21%	1.95%	1.13%	5.81%	7.48%	12.32%
Profit Margin	4.13%	5.36%	3.49%	7.34%	8.13%	13.71%
Free Cash Flow Margin	-1.83%	5.40%	1.11%	6.90%	-9.88%	1.21%
EBITDA	88.57	64.48	50.93	138.71	138.4	227.51
EBITDA Margin	4.82%	3.70%	3.39%	7.75%	8.90%	13.25%
D&A For EBITDA	29.59	30.47	33.99	34.71	22.07	15.87
EBIT	58.98	34	16.94	104.01	116.33	211.64
EBIT Margin	3.21%	1.95%	1.13%	5.81%	7.48%	12.32%
Effective Tax Rate	0.96%	2.71%	7.19%	10.45%	11.53%	11.98%
Revenue as Reported	1,837	1,743	1,501	1,789	1,555	1,717
Advertising Expenses	-	5.24	5.33	4.19	3.97	3.9

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