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	Jun '26 Jun 30, 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	3,127	2,886	3,245	3,587	3,094	3,419
Other Revenue	39.98	39.98	42.66	38.39	33.92	47.32
Revenue	3,167	2,926	3,287	3,625	3,128	3,466
Revenue Growth	0.76%	-11.00%	-9.32%	15.90%	-9.76%	-7.83%
Cost of Revenue	1,939	1,842	2,030	2,269	2,072	2,303
Gross Profit	1,228	1,084	1,258	1,356	1,055	1,163
Selling, General & Admin	896	906.25	982.75	1,086	789.08	967.13
Research & Development	47.71	54.85	37.19	32.6	28.31	28.05
Other Operating Expenses	40.81	32.11	33.05	26.72	29.42	26.29
Operating Expenses	985.69	994.37	1,053	1,145	847.82	1,022
Operating Income	242.3	89.38	204.76	210.89	207.62	141.38
Interest Expense	-7.58	-7.58	-8.35	-13.66	-20.25	-37.39
Interest & Investment Income	45.13	41.71	81.87	85.71	74.88	63.39
Currency Exchange Gain (Loss)	-2.96	-2.96	3.17	2.69	0.44	-2.23
Other Non Operating Income (Expenses)	-13.11	-1.35	-3.26	-0.67	-19.18	-1.56
EBT Excluding Unusual Items	263.78	119.2	278.19	284.96	243.51	163.58
Gain (Loss) on Sale of Investments	1.34	0.38	-5.42	6.31	-0.68	-5.85
Gain (Loss) on Sale of Assets	-0.75	0.09	-0.21	-0.05	-1.08	23.37
Asset Writedown	-13.61	-13.61	-2.11	-0.26	-5.94	-1.37
Other Unusual Items	28.24	28.24	36.86	50.38	46.74	93.57
Pretax Income	278.99	134.3	307.31	341.35	282.55	273.31
Income Tax Expense	76.26	39.79	54.91	61.57	68.66	50.84
Earnings From Continuing Operations	202.73	94.5	252.4	279.78	213.9	222.47
Minority Interest in Earnings	0.76	0.74	0.79	0.52	-0	0.07
Net Income	203.49	95.24	253.19	280.29	213.89	222.54
Net Income to Common	203.49	95.24	253.19	280.29	213.89	222.54
Net Income Growth	9.82%	-62.38%	-9.67%	31.04%	-3.89%	-37.90%
Shares Outstanding (Basic)	392	414	408	412	411	420
Shares Outstanding (Diluted)	392	414	408	412	411	420
Shares Change	-2.09%	1.40%	-0.93%	0.21%	-2.04%	3.11%
EPS (Basic)	0.52	0.23	0.62	0.68	0.52	0.53
EPS (Diluted)	0.52	0.23	0.62	0.68	0.52	0.53
EPS Growth	12.16%	-62.90%	-8.82%	30.77%	-1.89%	-39.77%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	384.44	254.76	207.9	315.92	657.33	-168.31
Free Cash Flow Per Share	0.98	0.61	0.51	0.77	1.60	-0.40
Dividend Per Share	0.070	0.070	0.250	0.350	0.160	0.170
Dividend Growth	-72.00%	-72.00%	-28.57%	118.75%	-5.88%	-43.33%
Gross Margin	38.77%	37.04%	38.26%	37.42%	33.74%	33.56%
Operating Margin	7.65%	3.06%	6.23%	5.82%	6.64%	4.08%
Profit Margin	6.42%	3.26%	7.70%	7.73%	6.84%	6.42%
Free Cash Flow Margin	12.14%	8.71%	6.32%	8.71%	21.02%	-4.86%
EBITDA	425.34	265.06	384.32	388.69	385.11	288.55
EBITDA Margin	13.43%	9.06%	11.69%	10.72%	12.31%	8.33%
D&A For EBITDA	183.04	175.68	179.56	177.8	177.49	147.18
EBIT	242.3	89.38	204.76	210.89	207.62	141.38
EBIT Margin	7.65%	3.06%	6.23%	5.82%	6.64%	4.08%
Effective Tax Rate	27.33%	29.63%	17.87%	18.04%	24.30%	18.60%
Revenue as Reported	2,926	2,926	3,287	3,625	3,128	3,466
Advertising Expenses	-	79.46	105.22	220.63	117.06	219.87