SHA:603711 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	3,224	2,926	3,245	3,587	3,094	3,419
Other Revenue	-	-	42.66	38.39	33.92	47.32
Revenue	3,224	2,926	3,287	3,625	3,128	3,466
Revenue Growth (YoY)	2.60%	-11.00%	-9.32%	15.90%	-9.76%	-7.83%
Cost of Revenue	1,960	1,839	2,030	2,269	2,072	2,303
Gross Profit	1,264	1,086	1,258	1,356	1,055	1,163
Selling, General & Admin	924.34	908.99	982.75	1,086	789.08	967.13
Research & Development	55.13	54.85	37.19	32.6	28.31	28.05
Other Operating Expenses	13.15	5.89	33.05	26.72	29.42	26.29
Operating Expenses	992.63	969.73	1,053	1,145	847.82	1,022
Operating Income	271.66	116.76	204.76	210.89	207.62	141.38
Interest Expense	-	-	-8.35	-13.66	-20.25	-37.39
Interest & Investment Income	8.38	8.99	81.87	85.71	74.88	63.39
Currency Exchange Gain (Loss)	-	-	3.17	2.69	0.44	-2.23
Other Non Operating Income (Expenses)	7.87	16.65	-3.26	-0.67	-19.18	-1.56
EBT Excluding Unusual Items	287.9	142.41	278.19	284.96	243.51	163.58
Gain (Loss) on Sale of Investments	4.14	0.38	-5.42	6.31	-0.68	-5.85
Gain (Loss) on Sale of Assets	-0.79	0.09	-0.21	-0.05	-1.08	23.37
Asset Writedown	-8.58	-8.58	-2.11	-0.26	-5.94	-1.37
Other Unusual Items	-	-	36.86	50.38	46.74	93.57
Pretax Income	282.67	134.3	307.31	341.35	282.55	273.31
Income Tax Expense	76.13	39.79	54.91	61.57	68.66	50.84
Earnings From Continuing Operations	206.54	94.5	252.4	279.78	213.9	222.47
Minority Interest in Earnings	0.86	0.74	0.79	0.52	-0	0.07
Net Income	207.41	95.24	253.19	280.29	213.89	222.54
Net Income to Common	207.41	95.24	253.19	280.29	213.89	222.54
Net Income Growth	-0.86%	-62.38%	-9.67%	31.04%	-3.89%	-37.90%
Shares Outstanding (Basic)	422	414	408	412	411	420
Shares Outstanding (Diluted)	422	414	408	412	411	420
Shares Change (YoY)	6.18%	1.40%	-0.93%	0.21%	-2.04%	3.11%
EPS (Basic)	0.49	0.23	0.62	0.68	0.52	0.53
EPS (Diluted)	0.49	0.23	0.62	0.68	0.52	0.53
EPS Growth	-6.63%	-62.90%	-8.82%	30.77%	-1.89%	-39.77%
Free Cash Flow	356.63	254.76	207.9	315.92	657.33	-168.31
Free Cash Flow Per Share	0.85	0.61	0.51	0.77	1.60	-0.40
Dividend Per Share	-	-	0.250	0.350	0.160	0.170
Dividend Growth	-	-	-28.57%	118.75%	-5.88%	-43.33%
Gross Margin	39.22%	37.13%	38.26%	37.42%	33.74%	33.56%
Operating Margin	8.43%	3.99%	6.23%	5.82%	6.64%	4.08%
Profit Margin	6.43%	3.26%	7.70%	7.73%	6.84%	6.42%
Free Cash Flow Margin	11.06%	8.71%	6.32%	8.71%	21.02%	-4.86%
EBITDA	448.13	293.51	382.59	388.69	385.11	288.55
EBITDA Margin	13.90%	10.03%	11.64%	10.72%	12.31%	8.33%
D&A For EBITDA	176.47	176.74	177.83	177.8	177.49	147.18
EBIT	271.66	116.76	204.76	210.89	207.62	141.38
EBIT Margin	8.43%	3.99%	6.23%	5.82%	6.64%	4.08%
Effective Tax Rate	26.93%	29.63%	17.87%	18.04%	24.30%	18.60%
Revenue as Reported	-	-	3,287	3,625	3,128	3,466
Advertising Expenses	-	-	105.22	220.63	117.06	219.87

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