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	Sep '26 Sep 30, 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	3,873	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	3,887	3,861	4,147	5,060	4,627	4,005
Revenue Growth	0.53%	-6.90%	-18.03%	9.35%	15.53%	12.26%
Cost of Revenue	1,604	1,680	1,893	2,201	2,153	2,128
Gross Profit	2,283	2,181	2,255	2,859	2,474	1,877
Selling, General & Admin	1,401	1,413	1,668	1,623	1,303	930.94
Research & Development	111.4	115.26	96.42	99.28	88.83	131.94
Other Operating Expenses	53.05	49.98	48.89	52.88	42.61	36.73
Operating Expenses	1,561	1,573	1,813	1,774	1,456	1,125
Operating Income	721.37	608.09	441.43	1,085	1,018	752.26
Interest Expense	-	-0.15	-4.82	-1.11	-0.81	-0.3
Interest & Investment Income	1.39	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)	-33.22	0.12	-0.19	-0.13	-0.11	-0.16
EBT Excluding Unusual Items	689.26	613.51	453.55	1,098	1,025	765.3
Gain (Loss) on Sale of Investments	-24.01	-20.56	22.69	24.15	12.36	13.44
Gain (Loss) on Sale of Assets	-0.55	-0.34	0.14	-0.06	-2.83	-0.89
Asset Writedown	-14.09	-	-	-0.85	-	-
Other Unusual Items	65.94	45.44	84.75	131.34	52.27	57.22
Pretax Income	716.55	638.05	561.13	1,253	1,087	835.08
Income Tax Expense	129.52	125.96	103.27	233.44	264.31	196.75
Earnings From Continuing Operations	587.03	512.08	457.86	1,020	822.53	638.32
Minority Interest in Earnings	-	-	-	-	0.45	2.38
Net Income	587.03	512.08	457.86	1,020	822.98	640.7
Net Income to Common	587.03	512.08	457.86	1,020	822.98	640.7
Net Income Growth	30.34%	11.84%	-55.10%	23.90%	28.45%	0.38%
Shares Outstanding (Basic)	435	434	436	436	435	436
Shares Outstanding (Diluted)	435	434	436	436	435	436
Shares Change	-0.54%	-0.48%	0.07%	0.07%	-0.10%	0.38%
EPS (Basic)	1.35	1.18	1.05	2.34	1.89	1.47
EPS (Diluted)	1.35	1.18	1.05	2.34	1.89	1.47
EPS Growth	31.05%	12.38%	-55.13%	23.81%	28.57%	0%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	551.56	813.73	208.48	1,239	702.86	561.29
Free Cash Flow Per Share	1.27	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	0%	0%	-78.26%	15.00%	100.00%	0%
Gross Margin	58.73%	56.50%	54.36%	56.50%	53.46%	46.86%
Operating Margin	18.56%	15.75%	10.64%	21.44%	21.99%	18.78%
Profit Margin	15.10%	13.26%	11.04%	20.15%	17.79%	16.00%
Free Cash Flow Margin	14.19%	21.07%	5.03%	24.50%	15.19%	14.01%
EBITDA	827.41	715.49	550.65	1,191	1,115	827.36
EBITDA Margin	21.29%	18.53%	13.28%	23.54%	24.11%	20.66%
D&A For EBITDA	106.04	107.4	109.22	106.27	97.86	75.1
EBIT	721.37	608.09	441.43	1,085	1,018	752.26
EBIT Margin	18.56%	15.75%	10.64%	21.44%	21.99%	18.78%
Effective Tax Rate	18.08%	19.74%	18.40%	18.63%	24.32%	23.56%
Revenue as Reported	821	3,861	4,147	5,060	4,627	4,005
Advertising Expenses	-	947.46	1,185	1,172	919.6	586.43