SHA:603878 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	2,228	2,600	3,391	2,733	2,645	2,324
Other Revenue	51.94	51.94	124.17	97.44	54.15	77.05
Revenue	2,280	2,652	3,516	2,830	2,699	2,401
Revenue Growth (YoY)	-20.98%	-24.57%	24.21%	4.86%	12.42%	3.33%
Cost of Revenue	2,010	2,271	2,952	2,441	2,337	1,976
Gross Profit	270.1	380.58	563.91	389.04	361.84	425.19
Selling, General & Admin	147.8	165.1	144.3	130.16	126.37	117.42
Research & Development	69.06	51.16	38.33	32.42	35.2	31.7
Other Operating Expenses	12.61	9.06	-5.85	14.16	13.4	15.38
Operating Expenses	251.31	252.82	192.45	194.57	182.13	173.38
Operating Income	18.79	127.77	371.45	194.47	179.71	251.8
Interest Expense	-14.73	-16.7	-11.99	-7.38	-4.68	-8.79
Interest & Investment Income	32.55	22.89	17.59	20.99	15.92	16.59
Currency Exchange Gain (Loss)	2.38	2.38	11.55	12.26	-7.88	-12.04
Other Non Operating Income (Expenses)	1.71	-1.06	-1.79	-1.54	-0.99	-1.14
EBT Excluding Unusual Items	40.69	135.28	386.82	218.82	182.08	246.42
Gain (Loss) on Sale of Investments	2.92	6.56	3.46	-3.82	5.26	0.1
Gain (Loss) on Sale of Assets	-5.5	-2.99	-0.44	-2.46	0.16	0.1
Other Unusual Items	1.04	1.04	17.7	33.25	14.19	6.97
Pretax Income	39.99	139.89	407.54	245.79	201.69	253.59
Income Tax Expense	-1.9	14.18	55.92	30.64	25.34	33.16
Net Income	41.89	125.71	351.62	215.15	176.35	220.44
Net Income to Common	41.89	125.71	351.62	215.15	176.35	220.44
Net Income Growth	-83.19%	-64.25%	63.43%	22.00%	-20.00%	-29.99%
Shares Outstanding (Basic)	579	571	558	566	561	561
Shares Outstanding (Diluted)	579	571	567	566	561	561
Shares Change (YoY)	0.52%	0.76%	0.17%	0.91%	0.01%	0.55%
EPS (Basic)	0.07	0.22	0.63	0.38	0.31	0.39
EPS (Diluted)	0.07	0.22	0.62	0.38	0.31	0.39
EPS Growth	-83.28%	-64.52%	63.16%	20.90%	-20.00%	-30.37%
Free Cash Flow	488.3	496.6	111.35	-106.9	385.54	277.91
Free Cash Flow Per Share	0.84	0.87	0.20	-0.19	0.69	0.49
Dividend Per Share	0.090	0.090	0.530	0.271	0.193	0.193
Dividend Growth	-83.02%	-83.02%	95.28%	40.70%	-	-45.98%
Gross Margin	11.85%	14.35%	16.04%	13.74%	13.41%	17.71%
Operating Margin	0.82%	4.82%	10.57%	6.87%	6.66%	10.49%
Profit Margin	1.84%	4.74%	10.00%	7.60%	6.53%	9.18%
Free Cash Flow Margin	21.42%	18.73%	3.17%	-3.78%	14.28%	11.58%
EBITDA	127.96	225.46	453.83	267.64	247.5	316.41
EBITDA Margin	5.61%	8.50%	12.91%	9.46%	9.17%	13.18%
D&A For EBITDA	109.17	97.69	82.38	73.16	67.8	64.6
EBIT	18.79	127.77	371.45	194.47	179.71	251.8
EBIT Margin	0.82%	4.82%	10.57%	6.87%	6.66%	10.49%
Effective Tax Rate	-	10.13%	13.72%	12.47%	12.57%	13.07%
Revenue as Reported	2,652	2,652	3,516	2,830	2,699	2,401
Advertising Expenses	-	0.11	0.59	0.13	0.46	0.3

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