SHA:603878 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,309	2,600	3,391	2,733	2,645
Other Revenue	-	51.94	124.17	97.44	54.15
Revenue	2,309	2,652	3,516	2,830	2,699
Revenue Growth (YoY)	-12.92%	-24.57%	24.21%	4.86%	12.42%
Cost of Revenue	-	2,271	2,952	2,441	2,337
Gross Profit	2,309	380.58	563.91	389.04	361.84
Selling, General & Admin	-	165.1	144.3	130.16	126.37
Research & Development	-	51.16	38.33	32.42	35.2
Other Operating Expenses	2,218	9.06	-5.85	14.16	13.4
Operating Expenses	2,218	252.82	192.45	194.57	182.13
Operating Income	90.78	127.77	371.45	194.47	179.71
Interest Expense	-	-16.7	-11.99	-7.38	-4.68
Interest & Investment Income	-	22.89	17.59	20.99	15.92
Currency Exchange Gain (Loss)	-	2.38	11.55	12.26	-7.88
Other Non Operating Income (Expenses)	-7.88	-1.06	-1.79	-1.54	-0.99
EBT Excluding Unusual Items	82.89	135.28	386.82	218.82	182.08
Gain (Loss) on Sale of Investments	-	6.56	3.46	-3.82	5.26
Gain (Loss) on Sale of Assets	-	-2.99	-0.44	-2.46	0.16
Other Unusual Items	-	1.04	17.7	33.25	14.19
Pretax Income	82.89	139.89	407.54	245.79	201.69
Income Tax Expense	4.83	14.18	55.92	30.64	25.34
Net Income	78.06	125.71	351.62	215.15	176.35
Net Income to Common	78.06	125.71	351.62	215.15	176.35
Net Income Growth	-37.91%	-64.25%	63.43%	22.00%	-20.00%
Shares Outstanding (Basic)	558	571	558	566	561
Shares Outstanding (Diluted)	558	571	567	566	561
Shares Change (YoY)	-2.42%	0.76%	0.17%	0.91%	0.01%
EPS (Basic)	0.14	0.22	0.63	0.38	0.31
EPS (Diluted)	0.14	0.22	0.62	0.38	0.31
EPS Growth	-36.36%	-64.52%	63.16%	20.90%	-20.00%
Free Cash Flow	-	496.6	111.35	-106.9	385.54
Free Cash Flow Per Share	-	0.87	0.20	-0.19	0.69
Dividend Per Share	-	0.090	0.530	0.271	0.193
Dividend Growth	-	-83.02%	95.28%	40.70%	-
Gross Margin	100.00%	14.35%	16.04%	13.74%	13.41%
Operating Margin	3.93%	4.82%	10.57%	6.87%	6.66%
Profit Margin	3.38%	4.74%	10.00%	7.60%	6.53%
Free Cash Flow Margin	-	18.73%	3.17%	-3.78%	14.28%
EBITDA	188.47	225.46	453.83	267.64	247.5
EBITDA Margin	8.16%	8.50%	12.91%	9.46%	9.17%
D&A For EBITDA	97.69	97.69	82.38	73.16	67.8
EBIT	90.78	127.77	371.45	194.47	179.71
EBIT Margin	3.93%	4.82%	10.57%	6.87%	6.66%
Effective Tax Rate	5.83%	10.13%	13.72%	12.47%	12.57%
Revenue as Reported	-	2,652	3,516	2,830	2,699
Advertising Expenses	-	0.11	0.59	0.13	0.46

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