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	Sep '26 Sep 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	3,062	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	3,102	2,926	3,287	3,625	3,128	3,466
Revenue Growth	2.28%	-11.00%	-9.32%	15.90%	-9.76%	-7.83%
Cost of Revenue	1,921	1,842	2,030	2,269	2,072	2,303
Gross Profit	1,181	1,084	1,258	1,356	1,055	1,163
Selling, General & Admin	861.55	906.25	982.75	1,086	789.08	967.13
Research & Development	43.95	54.85	37.19	32.6	28.31	28.05
Other Operating Expenses	58.32	32.11	33.05	26.72	29.42	26.29
Operating Expenses	966.61	994.37	1,053	1,145	847.82	1,022
Operating Income	214.2	89.38	204.76	210.89	207.62	141.38
Interest Expense	-2.52	-7.58	-8.35	-13.66	-20.25	-37.39
Interest & Investment Income	21.72	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)	-3	-1.35	-3.26	-0.67	-19.18	-1.56
EBT Excluding Unusual Items	227.44	119.2	278.19	284.96	243.51	163.58
Gain (Loss) on Sale of Investments	0.96	0.38	-5.42	6.31	-0.68	-5.85
Gain (Loss) on Sale of Assets	3	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	41.94	28.24	36.86	50.38	46.74	93.57
Pretax Income	259.73	134.3	307.31	341.35	282.55	273.31
Income Tax Expense	64.13	39.79	54.91	61.57	68.66	50.84
Earnings From Continuing Operations	195.6	94.5	252.4	279.78	213.9	222.47
Minority Interest in Earnings	0.68	0.74	0.79	0.52	-0	0.07
Net Income	196.28	95.24	253.19	280.29	213.89	222.54
Net Income to Common	196.28	95.24	253.19	280.29	213.89	222.54
Net Income Growth	34.21%	-62.38%	-9.67%	31.04%	-3.89%	-37.90%
Shares Outstanding (Basic)	406	414	408	412	411	420
Shares Outstanding (Diluted)	406	414	408	412	411	420
Shares Change	6.80%	1.40%	-0.93%	0.21%	-2.04%	3.11%
EPS (Basic)	0.48	0.23	0.62	0.68	0.52	0.53
EPS (Diluted)	0.48	0.23	0.62	0.68	0.52	0.53
EPS Growth	25.67%	-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	Sep '26 Sep 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	326.79	254.76	207.9	315.92	657.33	-168.31
Free Cash Flow Per Share	0.81	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	38.06%	37.04%	38.26%	37.42%	33.74%	33.56%
Operating Margin	6.91%	3.06%	6.23%	5.82%	6.64%	4.08%
Profit Margin	6.33%	3.26%	7.70%	7.73%	6.84%	6.42%
Free Cash Flow Margin	10.53%	8.71%	6.32%	8.71%	21.02%	-4.86%
EBITDA	386.96	265.06	384.32	388.69	385.11	288.55
EBITDA Margin	12.47%	9.06%	11.69%	10.72%	12.31%	8.33%
D&A For EBITDA	172.76	175.68	179.56	177.8	177.49	147.18
EBIT	214.2	89.38	204.76	210.89	207.62	141.38
EBIT Margin	6.91%	3.06%	6.23%	5.82%	6.64%	4.08%
Effective Tax Rate	24.69%	29.63%	17.87%	18.04%	24.30%	18.60%
Revenue as Reported	1,242	2,926	3,287	3,625	3,128	3,466
Advertising Expenses	-	79.46	105.22	220.63	117.06	219.87