SHA:603868 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	3,690	3,848	4,131	5,048	4,613	3,995
Other Revenue	13.55	13.55	15.81	11.24	13.92	9.82
Revenue	3,704	3,861	4,147	5,060	4,627	4,005
Revenue Growth (YoY)	-10.32%	-6.90%	-18.03%	9.35%	15.53%	12.26%
Cost of Revenue	1,581	1,680	1,893	2,201	2,153	2,128
Gross Profit	2,123	2,181	2,255	2,859	2,474	1,877
Selling, General & Admin	1,332	1,413	1,668	1,623	1,303	930.94
Research & Development	116.77	115.26	96.42	99.28	88.83	131.94
Other Operating Expenses	50.29	49.98	48.89	52.88	42.61	36.73
Operating Expenses	1,497	1,573	1,813	1,774	1,456	1,125
Operating Income	625.98	608.09	441.43	1,085	1,018	752.26
Interest Expense	-0.1	-0.15	-4.82	-1.11	-0.81	-0.3
Interest & Investment Income	0.99	5.74	16.87	14.55	6.73	13.89
Currency Exchange Gain (Loss)	-0.29	-0.29	0.26	0.24	1.67	-0.39
Other Non Operating Income (Expenses)	-4.69	0.12	-0.19	-0.13	-0.11	-0.16
EBT Excluding Unusual Items	621.9	613.51	453.55	1,098	1,025	765.3
Gain (Loss) on Sale of Investments	-21.77	-20.56	22.69	24.15	12.36	13.44
Gain (Loss) on Sale of Assets	-0.53	-0.34	0.14	-0.06	-2.83	-0.89
Asset Writedown	-3.15	-	-	-0.85	-	-
Other Unusual Items	45.44	45.44	84.75	131.34	52.27	57.22
Pretax Income	641.89	638.05	561.13	1,253	1,087	835.08
Income Tax Expense	122.17	125.96	103.27	233.44	264.31	196.75
Earnings From Continuing Operations	519.72	512.08	457.86	1,020	822.53	638.32
Minority Interest in Earnings	-	-	-	-	0.45	2.38
Net Income	519.72	512.08	457.86	1,020	822.98	640.7
Net Income to Common	519.72	512.08	457.86	1,020	822.98	640.7
Net Income Growth	13.29%	11.84%	-55.10%	23.90%	28.45%	0.38%
Shares Outstanding (Basic)	436	434	436	436	435	436
Shares Outstanding (Diluted)	436	434	436	436	435	436
Shares Change (YoY)	0.45%	-0.48%	0.07%	0.07%	-0.10%	0.38%
EPS (Basic)	1.19	1.18	1.05	2.34	1.89	1.47
EPS (Diluted)	1.19	1.18	1.05	2.34	1.89	1.47
EPS Growth	12.79%	12.38%	-55.13%	23.81%	28.57%	-
Free Cash Flow	779.11	813.73	208.48	1,239	702.86	561.29
Free Cash Flow Per Share	1.79	1.88	0.48	2.84	1.61	1.29
Dividend Per Share	0.500	0.500	0.500	2.300	2.000	1.000
Dividend Growth	-	-	-78.26%	15.00%	100.00%	-
Gross Margin	57.32%	56.50%	54.36%	56.50%	53.46%	46.86%
Operating Margin	16.90%	15.75%	10.64%	21.44%	21.99%	18.78%
Profit Margin	14.03%	13.26%	11.04%	20.15%	17.79%	16.00%
Free Cash Flow Margin	21.04%	21.07%	5.03%	24.50%	15.19%	14.01%
EBITDA	732.93	715.49	550.65	1,191	1,115	827.36
EBITDA Margin	19.79%	18.53%	13.28%	23.54%	24.11%	20.66%
D&A For EBITDA	106.95	107.4	109.22	106.27	97.86	75.1
EBIT	625.98	608.09	441.43	1,085	1,018	752.26
EBIT Margin	16.90%	15.75%	10.64%	21.44%	21.99%	18.78%
Effective Tax Rate	19.03%	19.74%	18.40%	18.63%	24.32%	23.56%
Revenue as Reported	3,704	3,861	4,147	5,060	4,627	4,005
Advertising Expenses	-	947.46	1,185	1,172	919.6	586.43

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