SHA:603711 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	2,990	3,245	3,587	3,094	3,419	3,725
Other Revenue	42.66	42.66	38.39	33.92	47.32	35.44
Revenue	3,033	3,287	3,625	3,128	3,466	3,761
Revenue Growth (YoY)	-15.39%	-9.32%	15.90%	-9.76%	-7.83%	-5.46%
Cost of Revenue	1,893	2,030	2,269	2,072	2,303	2,401
Gross Profit	1,140	1,258	1,356	1,055	1,163	1,360
Selling, General & Admin	932.59	982.75	1,086	789.08	967.13	929.29
Research & Development	50.22	37.19	32.6	28.31	28.05	23.42
Other Operating Expenses	45.61	33.05	26.72	29.42	26.29	29.3
Operating Expenses	1,027	1,053	1,145	847.82	1,022	981.02
Operating Income	113.08	204.76	210.89	207.62	141.38	378.79
Interest Expense	-6.45	-8.35	-13.66	-20.25	-37.39	-26.4
Interest & Investment Income	45.49	81.87	85.71	74.88	63.39	46.42
Currency Exchange Gain (Loss)	3.17	3.17	2.69	0.44	-2.23	-0.97
Other Non Operating Income (Expenses)	-5.46	-3.26	-0.67	-19.18	-1.56	-1.02
EBT Excluding Unusual Items	149.83	278.19	284.96	243.51	163.58	396.81
Gain (Loss) on Sale of Investments	1.72	-5.42	6.31	-0.68	-5.85	7.25
Gain (Loss) on Sale of Assets	-4.01	-0.21	-0.05	-1.08	23.37	0.05
Asset Writedown	-2.11	-2.11	-0.26	-5.94	-1.37	-0.06
Other Unusual Items	37.2	36.86	50.38	46.74	93.57	51.35
Pretax Income	182.63	307.31	341.35	282.55	273.31	455.4
Income Tax Expense	37.39	54.91	61.57	68.66	50.84	97.05
Earnings From Continuing Operations	145.24	252.4	279.78	213.9	222.47	358.36
Minority Interest in Earnings	1.01	0.79	0.52	-0	0.07	-
Net Income	146.25	253.19	280.29	213.89	222.54	358.36
Net Income to Common	146.25	253.19	280.29	213.89	222.54	358.36
Net Income Growth	-50.35%	-9.67%	31.04%	-3.89%	-37.90%	3.15%
Shares Outstanding (Basic)	380	408	412	411	420	407
Shares Outstanding (Diluted)	380	408	412	411	420	407
Shares Change (YoY)	-21.39%	-0.93%	0.21%	-2.04%	3.11%	-0.36%
EPS (Basic)	0.38	0.62	0.68	0.52	0.53	0.88
EPS (Diluted)	0.38	0.62	0.68	0.52	0.53	0.88
EPS Growth	-36.84%	-8.82%	30.77%	-1.89%	-39.77%	3.53%
Free Cash Flow	126.45	207.9	315.92	657.33	-168.31	-56.82
Free Cash Flow Per Share	0.33	0.51	0.77	1.60	-0.40	-0.14
Dividend Per Share	0.250	0.250	0.350	0.160	0.170	0.300
Dividend Growth	-28.57%	-28.57%	118.75%	-5.88%	-43.33%	20.00%
Gross Margin	37.60%	38.26%	37.42%	33.74%	33.56%	36.16%
Operating Margin	3.73%	6.23%	5.82%	6.64%	4.08%	10.07%
Profit Margin	4.82%	7.70%	7.73%	6.84%	6.42%	9.53%
Free Cash Flow Margin	4.17%	6.32%	8.71%	21.02%	-4.86%	-1.51%
EBITDA	290.93	382.59	388.69	385.11	288.55	508.76
EBITDA Margin	9.59%	11.64%	10.72%	12.31%	8.33%	13.53%
D&A For EBITDA	177.85	177.83	177.8	177.49	147.18	129.97
EBIT	113.08	204.76	210.89	207.62	141.38	378.79
EBIT Margin	3.73%	6.23%	5.82%	6.64%	4.08%	10.07%
Effective Tax Rate	20.47%	17.87%	18.04%	24.30%	18.60%	21.31%
Revenue as Reported	3,033	3,287	3,625	3,128	3,466	3,761
Advertising Expenses	-	105.22	220.63	117.06	219.87	169.54

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