SHA:603848 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	1,503	1,513	1,672	1,369	1,418	1,143
Other Revenue	44.21	44.21	16.55	13.15	7.12	16.86
Revenue	1,547	1,557	1,688	1,382	1,425	1,160
Revenue Growth (YoY)	-5.73%	-7.78%	22.16%	-3.05%	22.88%	-7.96%
Cost of Revenue	850.85	817.57	845.2	740.88	784.44	614.09
Gross Profit	696.34	739.37	843.13	641.13	641.01	545.92
Selling, General & Admin	429.48	427.17	420.41	334.78	268.65	235.68
Research & Development	42.69	49.04	53.1	43.77	48.64	45.33
Other Operating Expenses	-9.27	-13.36	-23.76	-8.6	-11.56	1.3
Operating Expenses	475.41	468.21	479.67	399.22	318.71	286.11
Operating Income	220.93	271.16	363.45	241.91	322.3	259.81
Interest Expense	-0.41	-0.2	-2.03	-1.81	-0.35	-
Interest & Investment Income	12.98	14.74	11.23	9.3	37.12	41.84
Other Non Operating Income (Expenses)	-0.29	-0.33	-0.44	-0.1	-0.14	-0.75
EBT Excluding Unusual Items	233.21	285.36	372.21	249.31	358.93	300.9
Gain (Loss) on Sale of Investments	0.43	0.45	-	-11.22	-6.49	0.6
Gain (Loss) on Sale of Assets	-1	-0.7	-0.23	-1.49	-1.04	0.02
Asset Writedown	-8.4	-	-	-	-	-
Other Unusual Items	3.76	2.64	5.63	13.55	1.55	4.46
Pretax Income	227.99	287.75	377.61	250.15	352.95	305.97
Income Tax Expense	26.89	39.59	50.72	31.67	51.41	38.39
Earnings From Continuing Operations	201.1	248.16	326.89	218.48	301.54	267.58
Minority Interest in Earnings	0.17	0.32	0.36	0.11	-1.32	-1.83
Net Income	201.27	248.49	327.26	218.59	300.22	265.75
Net Income to Common	201.27	248.49	327.26	218.59	300.22	265.75
Net Income Growth	-27.95%	-24.07%	49.71%	-27.19%	12.97%	-4.91%
Shares Outstanding (Basic)	395	401	399	397	400	403
Shares Outstanding (Diluted)	395	401	399	397	400	403
Shares Change (YoY)	-1.18%	0.42%	0.42%	-0.71%	-0.59%	0.85%
EPS (Basic)	0.51	0.62	0.82	0.55	0.75	0.66
EPS (Diluted)	0.51	0.62	0.82	0.55	0.75	0.66
EPS Growth	-27.09%	-24.39%	49.09%	-26.67%	13.64%	-5.71%
Free Cash Flow	95.23	59.74	394.94	-1,336	77.54	50.31
Free Cash Flow Per Share	0.24	0.15	0.99	-3.36	0.19	0.13
Dividend Per Share	0.200	0.200	0.300	0.200	0.250	0.250
Dividend Growth	-33.33%	-33.33%	50.00%	-20.00%	-	-
Gross Margin	45.01%	47.49%	49.94%	46.39%	44.97%	47.06%
Operating Margin	14.28%	17.42%	21.53%	17.50%	22.61%	22.40%
Profit Margin	13.01%	15.96%	19.38%	15.82%	21.06%	22.91%
Free Cash Flow Margin	6.16%	3.84%	23.39%	-96.64%	5.44%	4.34%
EBITDA	313.22	338.92	398.52	264.37	341.62	276.78
EBITDA Margin	20.24%	21.77%	23.60%	19.13%	23.97%	23.86%
D&A For EBITDA	92.29	67.77	35.07	22.46	19.32	16.97
EBIT	220.93	271.16	363.45	241.91	322.3	259.81
EBIT Margin	14.28%	17.42%	21.53%	17.50%	22.61%	22.40%
Effective Tax Rate	11.80%	13.76%	13.43%	12.66%	14.57%	12.55%
Revenue as Reported	1,547	1,557	1,688	1,382	1,425	1,160
Advertising Expenses	-	44.76	39.38	26.85	-	-

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