SHA:603848 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	Mar '26 Mar 31, 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	1,563	1,507	1,513	1,672	1,369	1,418
Other Revenue	36.18	36.18	44.21	16.55	13.15	7.12
Revenue	1,600	1,544	1,557	1,688	1,382	1,425
Revenue Growth (YoY)	4.98%	-0.86%	-7.78%	22.16%	-3.05%	22.88%
Cost of Revenue	846.35	803.59	817.57	845.2	740.88	784.44
Gross Profit	753.32	739.96	739.37	843.13	641.13	641.01
Selling, General & Admin	491.49	476.84	427.17	420.41	334.78	268.65
Research & Development	48.37	47.71	49.04	53.1	43.77	48.64
Other Operating Expenses	-13.35	-8.66	-13.36	-23.76	-8.6	-11.56
Operating Expenses	527.37	520.77	468.21	479.67	399.22	318.71
Operating Income	225.96	219.18	271.16	363.45	241.91	322.3
Interest Expense	-0.43	-0.45	-0.2	-2.03	-1.81	-0.35
Interest & Investment Income	11.17	12.55	14.74	11.23	9.3	37.12
Other Non Operating Income (Expenses)	-0.34	-0.25	-0.33	-0.44	-0.1	-0.14
EBT Excluding Unusual Items	236.36	231.03	285.36	372.21	249.31	358.93
Gain (Loss) on Sale of Investments	0.19	-0.21	0.45	-	-11.22	-6.49
Gain (Loss) on Sale of Assets	-0.24	-0.05	-0.7	-0.23	-1.49	-1.04
Asset Writedown	1.96	-	-	-	-	-
Other Unusual Items	5.4	3.58	2.64	5.63	13.55	1.55
Pretax Income	243.67	234.35	287.75	377.61	250.15	352.95
Income Tax Expense	33.43	31.27	39.59	50.72	31.67	51.41
Earnings From Continuing Operations	210.24	203.08	248.16	326.89	218.48	301.54
Minority Interest in Earnings	0.14	0.15	0.32	0.36	0.11	-1.32
Net Income	210.38	203.22	248.49	327.26	218.59	300.22
Net Income to Common	210.38	203.22	248.49	327.26	218.59	300.22
Net Income Growth	-7.08%	-18.21%	-24.07%	49.71%	-27.19%	12.97%
Shares Outstanding (Basic)	395	398	401	399	397	400
Shares Outstanding (Diluted)	395	398	401	399	397	400
Shares Change (YoY)	-2.65%	-0.58%	0.42%	0.42%	-0.71%	-0.59%
EPS (Basic)	0.53	0.51	0.62	0.82	0.55	0.75
EPS (Diluted)	0.53	0.51	0.62	0.82	0.55	0.75
EPS Growth	-4.55%	-17.74%	-24.39%	49.09%	-26.67%	13.64%
Free Cash Flow	235.55	96.64	59.74	394.94	-1,336	77.54
Free Cash Flow Per Share	0.60	0.24	0.15	0.99	-3.36	0.19
Dividend Per Share	0.200	0.200	0.200	0.300	0.200	0.250
Dividend Growth	-	-	-33.33%	50.00%	-20.00%	-
Gross Margin	47.09%	47.94%	47.49%	49.94%	46.39%	44.97%
Operating Margin	14.12%	14.20%	17.42%	21.53%	17.50%	22.61%
Profit Margin	13.15%	13.17%	15.96%	19.38%	15.82%	21.06%
Free Cash Flow Margin	14.72%	6.26%	3.84%	23.39%	-96.64%	5.44%
EBITDA	253.77	255.74	342.69	398.52	264.37	341.62
EBITDA Margin	15.86%	16.57%	22.01%	23.60%	19.13%	23.97%
D&A For EBITDA	27.81	36.56	71.54	35.07	22.46	19.32
EBIT	225.96	219.18	271.16	363.45	241.91	322.3
EBIT Margin	14.12%	14.20%	17.42%	21.53%	17.50%	22.61%
Effective Tax Rate	13.72%	13.34%	13.76%	13.43%	12.66%	14.57%
Revenue as Reported	1,600	1,544	1,557	1,688	1,382	1,425
Advertising Expenses	-	36.07	44.38	39.38	26.85	-

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