SHA:603896 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	613.72	628.6	691.35	770.34	817.67	759.99
Other Revenue	11.58	11.58	13.76	14.01	11.4	7.15
Revenue	625.3	640.18	705.11	784.35	829.07	767.14
Revenue Growth (YoY)	-5.27%	-9.21%	-10.10%	-5.39%	8.07%	20.61%
Cost of Revenue	139.05	136.55	140.02	135.53	129.21	126.37
Gross Profit	486.26	503.63	565.1	648.82	699.86	640.76
Selling, General & Admin	352.48	363.74	397.84	403.79	405.17	397.19
Research & Development	51.71	51.64	48.41	49.68	47.82	50.82
Other Operating Expenses	16.02	2.6	-2.15	-4.52	6.84	7.67
Operating Expenses	420.07	417.36	443.73	447.73	461.41	456.47
Operating Income	66.18	86.27	121.36	201.09	238.45	184.3
Interest Expense	-28.07	-24.21	-14.93	-24.7	-13.03	-10.17
Interest & Investment Income	18.45	19.14	36.84	51.77	29.99	31
Other Non Operating Income (Expenses)	-4.92	-0.61	-1.1	-0.43	-0.68	-0.56
EBT Excluding Unusual Items	51.63	80.59	142.18	227.72	254.73	204.57
Gain (Loss) on Sale of Investments	8.11	7.78	4.63	0.27	-1.26	-12.33
Gain (Loss) on Sale of Assets	0.63	0.41	8.95	0.17	0.07	0.03
Asset Writedown	-0.01	-0.01	-0.02	-0.03	-0.06	-0
Other Unusual Items	13.36	13.36	18.74	26.77	24.48	8.79
Pretax Income	73.72	102.14	174.48	254.91	277.97	201.06
Income Tax Expense	85.34	84.02	0.04	0.43	0.45	0.75
Earnings From Continuing Operations	-11.62	18.12	174.44	254.48	277.51	200.31
Minority Interest in Earnings	0.06	0.05	-	-	0.27	0.52
Net Income	-11.56	18.17	174.44	254.48	277.78	200.83
Net Income to Common	-11.56	18.17	174.44	254.48	277.78	200.83
Net Income Growth	-	-89.58%	-31.45%	-8.39%	38.32%	32.37%
Shares Outstanding (Basic)	200	202	198	196	194	191
Shares Outstanding (Diluted)	200	202	198	196	194	191
Shares Change (YoY)	0.12%	1.87%	1.26%	0.77%	1.56%	3.77%
EPS (Basic)	-0.06	0.09	0.88	1.30	1.43	1.05
EPS (Diluted)	-0.06	0.09	0.88	1.30	1.43	1.05
EPS Growth	-	-89.77%	-32.31%	-9.09%	36.19%	27.57%
Free Cash Flow	-65.87	-45.15	-292.1	-99.48	158.68	135.07
Free Cash Flow Per Share	-0.33	-0.22	-1.47	-0.51	0.82	0.71
Dividend Per Share	-	-	0.270	0.390	0.440	0.311
Dividend Growth	-	-	-30.77%	-11.36%	41.25%	29.79%
Gross Margin	77.76%	78.67%	80.14%	82.72%	84.41%	83.53%
Operating Margin	10.58%	13.48%	17.21%	25.64%	28.76%	24.02%
Profit Margin	-1.85%	2.84%	24.74%	32.45%	33.51%	26.18%
Free Cash Flow Margin	-10.53%	-7.05%	-41.43%	-12.68%	19.14%	17.61%
EBITDA	142.39	160.86	189.5	267.62	295.78	233.47
EBITDA Margin	22.77%	25.13%	26.88%	34.12%	35.68%	30.43%
D&A For EBITDA	76.2	74.59	68.14	66.53	57.33	49.17
EBIT	66.18	86.27	121.36	201.09	238.45	184.3
EBIT Margin	10.58%	13.48%	17.21%	25.64%	28.76%	24.02%
Effective Tax Rate	115.76%	82.26%	0.03%	0.17%	0.16%	0.37%
Revenue as Reported	625.3	640.18	705.11	784.35	829.07	767.14
Advertising Expenses	-	149.35	190.63	201.21	201.3	198.54

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