SHA:603868 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	3,850	4,131	5,048	4,613	3,995	3,563
Other Revenue	15.81	15.81	11.24	13.92	9.82	4.71
Revenue	3,866	4,147	5,060	4,627	4,005	3,568
Revenue Growth (YoY)	-11.86%	-18.03%	9.35%	15.53%	12.26%	-5.09%
Cost of Revenue	1,736	1,893	2,201	2,153	2,128	2,105
Gross Profit	2,130	2,255	2,859	2,474	1,877	1,463
Selling, General & Admin	1,500	1,668	1,623	1,303	930.94	555.3
Research & Development	105.08	96.42	99.28	88.83	131.94	74.07
Other Operating Expenses	54.67	48.89	52.88	42.61	36.73	30.85
Operating Expenses	1,659	1,813	1,774	1,456	1,125	661.18
Operating Income	470.83	441.43	1,085	1,018	752.26	801.82
Interest Expense	-3.42	-4.82	-1.11	-0.81	-0.3	-
Interest & Investment Income	7.88	16.87	14.55	6.73	13.89	5.5
Currency Exchange Gain (Loss)	0.26	0.26	0.24	1.67	-0.39	-0.23
Other Non Operating Income (Expenses)	-35.03	-0.19	-0.13	-0.11	-0.16	-0.2
EBT Excluding Unusual Items	440.52	453.55	1,098	1,025	765.3	806.89
Gain (Loss) on Sale of Investments	20.73	22.69	24.15	12.36	13.44	11.43
Gain (Loss) on Sale of Assets	0.94	0.18	-0.06	-2.83	-0.89	0.47
Asset Writedown	8.03	-0.04	-0.85	-	-	-
Other Unusual Items	84.75	84.75	131.34	52.27	57.22	42.24
Pretax Income	554.98	561.13	1,253	1,087	835.08	861.02
Income Tax Expense	104.61	103.27	233.44	264.31	196.75	224.1
Earnings From Continuing Operations	450.38	457.86	1,020	822.53	638.32	636.92
Minority Interest in Earnings	-	-	-	0.45	2.38	1.36
Net Income	450.38	457.86	1,020	822.98	640.7	638.28
Net Income to Common	450.38	457.86	1,020	822.98	640.7	638.28
Net Income Growth	-31.47%	-55.10%	23.90%	28.45%	0.38%	-6.93%
Shares Outstanding (Basic)	437	436	436	435	436	434
Shares Outstanding (Diluted)	437	436	436	435	436	434
Shares Change (YoY)	0.46%	0.07%	0.07%	-0.10%	0.38%	-0.60%
EPS (Basic)	1.03	1.05	2.34	1.89	1.47	1.47
EPS (Diluted)	1.03	1.05	2.34	1.89	1.47	1.47
EPS Growth	-31.78%	-55.13%	23.81%	28.57%	-	-6.37%
Free Cash Flow	640.83	208.48	1,239	702.86	561.29	773.98
Free Cash Flow Per Share	1.47	0.48	2.84	1.61	1.29	1.78
Dividend Per Share	0.500	0.500	2.300	2.000	1.000	1.000
Dividend Growth	-78.26%	-78.26%	15.00%	100.00%	-	-
Gross Margin	55.09%	54.36%	56.50%	53.46%	46.86%	41.01%
Operating Margin	12.18%	10.64%	21.44%	21.99%	18.78%	22.47%
Profit Margin	11.65%	11.04%	20.15%	17.79%	16.00%	17.89%
Free Cash Flow Margin	16.57%	5.03%	24.50%	15.19%	14.01%	21.69%
EBITDA	581.34	550.12	1,191	1,115	827.36	871.85
EBITDA Margin	15.04%	13.26%	23.54%	24.11%	20.66%	24.44%
D&A For EBITDA	110.5	108.69	106.27	97.86	75.1	70.03
EBIT	470.83	441.43	1,085	1,018	752.26	801.82
EBIT Margin	12.18%	10.64%	21.44%	21.99%	18.78%	22.47%
Effective Tax Rate	18.85%	18.40%	18.63%	24.32%	23.56%	26.03%
Revenue as Reported	3,866	4,147	5,060	4,627	4,005	3,568
Advertising Expenses	-	1,185	1,172	919.6	586.43	289.92

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