SHA:603817 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	1,331	1,204	1,028	1,024	871.42	719.58
Other Revenue	12.28	12.28	26.1	20.59	18.16	13.22
Revenue	1,344	1,216	1,054	1,045	889.58	732.8
Revenue Growth (YoY)	19.43%	15.35%	0.90%	17.43%	21.39%	14.40%
Cost of Revenue	787.37	730.86	675.56	631.19	514.95	427.65
Gross Profit	556.28	485.02	378.54	413.48	374.63	305.15
Selling, General & Admin	100.55	98.24	89.61	90.61	91.87	72.04
Research & Development	38.49	41.99	34.66	28.61	21.24	17.29
Other Operating Expenses	19.79	15.41	16.49	3.72	-0.28	-9.94
Operating Expenses	180.67	163.12	158.09	171.73	136.97	85.42
Operating Income	375.61	321.9	220.45	241.75	237.66	219.73
Interest Expense	-86.49	-99.33	-84.43	-82	-74.25	-70.89
Interest & Investment Income	5.17	9.05	9.42	7.22	5.15	8.42
Earnings From Equity Investments	-	-	-	-	-	-0.02
Other Non Operating Income (Expenses)	-4.28	-1.52	0.84	-1.24	-1.44	-0.37
EBT Excluding Unusual Items	290.01	230.1	146.29	165.74	167.12	156.87
Gain (Loss) on Sale of Investments	5.24	2.68	0.14	-3.48	-6.8	-
Gain (Loss) on Sale of Assets	-0	-0	-1.37	-0.99	-0.09	-5.17
Asset Writedown	-100.64	-62.76	-	-3.48	-0.94	-5.8
Legal Settlements	-	-	-	-0.81	-	-
Other Unusual Items	16.22	16.22	11.43	17.96	7.64	8.09
Pretax Income	210.83	186.24	156.48	174.94	166.93	153.99
Income Tax Expense	41.21	36.73	23.73	34.41	30.4	30.44
Earnings From Continuing Operations	169.61	149.51	132.76	140.53	136.53	123.55
Minority Interest in Earnings	43.74	42.24	11.57	7.42	9.93	6.5
Net Income	213.35	191.75	144.32	147.94	146.46	130.04
Net Income to Common	213.35	191.75	144.32	147.94	146.46	130.04
Net Income Growth	19.73%	32.86%	-2.44%	1.01%	12.62%	-0.07%
Shares Outstanding (Basic)	552	534	534	492	450	450
Shares Outstanding (Diluted)	552	557	534	492	455	451
Shares Change (YoY)	-1.00%	4.20%	8.54%	8.31%	0.74%	-0.91%
EPS (Basic)	0.39	0.36	0.27	0.30	0.33	0.29
EPS (Diluted)	0.39	0.34	0.27	0.30	0.32	0.29
EPS Growth	20.94%	27.51%	-10.12%	-6.73%	11.80%	0.84%
Free Cash Flow	149.31	-202.73	-238.35	-292.75	-58.24	62.65
Free Cash Flow Per Share	0.27	-0.36	-0.45	-0.59	-0.13	0.14
Dividend Per Share	0.060	0.072	0.055	0.056	0.066	0.058
Dividend Growth	-40.00%	30.91%	-1.79%	-15.15%	13.79%	-
Gross Margin	41.40%	39.89%	35.91%	39.58%	42.11%	41.64%
Operating Margin	27.96%	26.47%	20.91%	23.14%	26.72%	29.98%
Profit Margin	15.88%	15.77%	13.69%	14.16%	16.46%	17.75%
Free Cash Flow Margin	11.11%	-16.67%	-22.61%	-28.02%	-6.55%	8.55%
EBITDA	630.38	557.06	429.47	465.74	443.1	409.71
EBITDA Margin	46.92%	45.81%	40.74%	44.58%	49.81%	55.91%
D&A For EBITDA	254.77	235.17	209.02	223.98	205.44	189.98
EBIT	375.61	321.9	220.45	241.75	237.66	219.73
EBIT Margin	27.96%	26.47%	20.91%	23.14%	26.72%	29.98%
Effective Tax Rate	19.55%	19.72%	15.16%	19.67%	18.21%	19.77%
Revenue as Reported	1,344	1,216	1,054	1,045	889.58	732.8
Advertising Expenses	-	0.61	1.02	0.9	0.23	-

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