SHA:603811 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	788.8	712.31	669.61	653.25	693.45	757.43
Other Revenue	2.06	2.06	2.01	1.72	0.52	0.7
Revenue	790.86	714.37	671.63	654.97	693.96	758.13
Revenue Growth (YoY)	7.94%	6.36%	2.54%	-5.62%	-8.46%	11.29%
Cost of Revenue	237.27	225.17	248.45	217.8	208.98	206.41
Gross Profit	553.59	489.2	423.17	437.17	484.99	551.72
Selling, General & Admin	325.25	308.66	246.92	269.61	280.27	344.57
Research & Development	41.86	47.08	47.14	44.3	39.72	31.79
Other Operating Expenses	15.72	12.34	7.46	7.77	10.7	9.68
Operating Expenses	381.9	365.77	302.46	321.83	331.21	387.13
Operating Income	171.69	123.43	120.71	115.34	153.78	164.59
Interest Expense	-4.47	-11.09	-15.26	-9.13	-4.52	-4.96
Interest & Investment Income	40.57	46.28	67.12	49.08	31.87	24.36
Currency Exchange Gain (Loss)	0.01	0.01	-0.17	3.45	5.36	-0.62
Other Non Operating Income (Expenses)	-2.08	-0.07	-0.31	-0.11	-0.99	-0.21
EBT Excluding Unusual Items	205.71	158.56	172.1	158.62	185.49	183.16
Impairment of Goodwill	-	-	-	-2.42	-2.92	-4.92
Gain (Loss) on Sale of Investments	-	-	-	-3.55	10.69	-
Gain (Loss) on Sale of Assets	60.89	69.17	-0	0.06	-0.45	0
Asset Writedown	-27.65	-24	-7.47	-0.41	-0.5	-3.21
Other Unusual Items	12.77	14.4	9.44	11.53	5.19	13.86
Pretax Income	251.72	218.13	174.06	163.84	197.5	188.89
Income Tax Expense	23.33	17.35	12.01	2.66	26.27	23.94
Earnings From Continuing Operations	228.38	200.79	162.05	161.18	171.23	164.95
Minority Interest in Earnings	-2.03	-0.09	0.85	0.4	-0.43	0.19
Net Income	226.35	200.7	162.9	161.58	170.8	165.14
Net Income to Common	226.35	200.7	162.9	161.58	170.8	165.14
Net Income Growth	36.34%	23.21%	0.81%	-5.39%	3.42%	25.69%
Shares Outstanding (Basic)	323	329	326	330	328	326
Shares Outstanding (Diluted)	323	329	326	330	328	326
Shares Change (YoY)	-0.78%	0.99%	-1.20%	0.67%	0.59%	-0.09%
EPS (Basic)	0.70	0.61	0.50	0.49	0.52	0.51
EPS (Diluted)	0.70	0.61	0.50	0.49	0.52	0.51
EPS Growth	37.41%	22.00%	2.04%	-6.02%	2.82%	25.80%
Free Cash Flow	275.95	145.83	123.93	-86.92	9.38	34.13
Free Cash Flow Per Share	0.85	0.44	0.38	-0.26	0.03	0.10
Dividend Per Share	0.250	0.250	0.200	0.179	0.179	0.179
Dividend Growth	25.00%	25.00%	11.98%	-	-	22.50%
Gross Margin	70.00%	68.48%	63.01%	66.75%	69.89%	72.77%
Operating Margin	21.71%	17.28%	17.97%	17.61%	22.16%	21.71%
Profit Margin	28.62%	28.09%	24.25%	24.67%	24.61%	21.78%
Free Cash Flow Margin	34.89%	20.41%	18.45%	-13.27%	1.35%	4.50%
EBITDA	279.18	217.99	198.04	176.89	208.45	212.46
EBITDA Margin	35.30%	30.52%	29.49%	27.01%	30.04%	28.02%
D&A For EBITDA	107.5	94.56	77.32	61.55	54.67	47.87
EBIT	171.69	123.43	120.71	115.34	153.78	164.59
EBIT Margin	21.71%	17.28%	17.97%	17.61%	22.16%	21.71%
Effective Tax Rate	9.27%	7.95%	6.90%	1.62%	13.30%	12.68%
Revenue as Reported	605.27	714.37	671.63	654.97	693.96	758.13
Advertising Expenses	-	3.85	1.81	0.89	1.41	1.41

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