SHA:603901 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	4,006	3,532	3,089	2,688	2,683	2,001
Other Revenue	34.29	34.29	57.46	60.5	24.07	18.94
Revenue	4,040	3,567	3,146	2,749	2,707	2,020
Revenue Growth (YoY)	25.56%	13.37%	14.44%	1.54%	34.02%	7.96%
Cost of Revenue	3,110	2,766	2,273	1,965	1,861	1,385
Gross Profit	930.29	801.14	872.78	783.49	846.7	634.58
Selling, General & Admin	526.16	499.38	445.16	382.9	347.41	274.83
Research & Development	266.97	253.9	239.87	218.62	164.03	119.88
Other Operating Expenses	0.02	-3.38	4.53	17.6	18.32	12.47
Operating Expenses	797.28	758.83	712.93	615.6	545.5	436.24
Operating Income	133.02	42.31	159.85	167.89	301.2	198.34
Interest Expense	-65.97	-53.79	-49.47	-32.6	-26.94	-37.51
Interest & Investment Income	52.72	36.24	57.37	22.41	14.79	35.45
Currency Exchange Gain (Loss)	4.6	4.6	-0.39	1.79	-2.99	-6.07
Other Non Operating Income (Expenses)	-23.18	-11	-8.19	-10.38	-4.13	-2.46
EBT Excluding Unusual Items	101.2	18.35	159.17	149.11	281.93	187.75
Impairment of Goodwill	-1.49	-1.49	-10.47	-2.4	-20.81	-6.57
Gain (Loss) on Sale of Investments	-34.96	-33.16	-99.59	145.24	22.84	-1.33
Gain (Loss) on Sale of Assets	-0.36	0.21	-19.12	-12.36	-7.67	-6.5
Asset Writedown	-33.32	-	-	-	-2.01	-0.58
Other Unusual Items	18.14	18.14	27.46	26.74	22.32	16.75
Pretax Income	49.21	2.06	57.46	306.32	296.6	189.52
Income Tax Expense	-11.61	-7.34	-4.88	34.48	37.91	18.1
Earnings From Continuing Operations	60.81	9.4	62.34	271.84	258.69	171.42
Minority Interest in Earnings	2.87	6.18	8.72	1.83	2.45	-0.79
Net Income	63.69	15.58	71.06	273.67	261.14	170.63
Net Income to Common	63.69	15.58	71.06	273.67	261.14	170.63
Net Income Growth	-	-78.08%	-74.03%	4.80%	53.05%	73.13%
Shares Outstanding (Basic)	476	493	474	480	450	427
Shares Outstanding (Diluted)	476	493	474	480	458	427
Shares Change (YoY)	-1.89%	4.07%	-1.32%	4.80%	7.40%	-0.45%
EPS (Basic)	0.13	0.03	0.15	0.57	0.58	0.40
EPS (Diluted)	0.13	0.03	0.15	0.57	0.57	0.40
EPS Growth	-	-78.93%	-73.68%	-	42.50%	73.91%
Free Cash Flow	437.52	-113.96	-386.79	-660.76	-75.49	204.77
Free Cash Flow Per Share	0.92	-0.23	-0.82	-1.38	-0.17	0.48
Dividend Per Share	0.015	0.015	0.080	0.130	0.161	0.120
Dividend Growth	-81.25%	-81.25%	-38.46%	-19.25%	34.17%	71.43%
Gross Margin	23.03%	22.46%	27.74%	28.50%	31.27%	31.41%
Operating Margin	3.29%	1.19%	5.08%	6.11%	11.13%	9.82%
Profit Margin	1.58%	0.44%	2.26%	9.96%	9.65%	8.45%
Free Cash Flow Margin	10.83%	-3.19%	-12.29%	-24.04%	-2.79%	10.14%
EBITDA	268.04	175.48	290.56	264.26	365.08	250.19
EBITDA Margin	6.63%	4.92%	9.24%	9.61%	13.48%	12.38%
D&A For EBITDA	135.02	133.17	130.71	96.36	63.87	51.85
EBIT	133.02	42.31	159.85	167.89	301.2	198.34
EBIT Margin	3.29%	1.19%	5.08%	6.11%	11.13%	9.82%
Effective Tax Rate	-	-	-	11.26%	12.78%	9.55%
Revenue as Reported	4,040	3,567	3,146	2,749	2,707	2,020
Advertising Expenses	-	22.37	20.64	10.45	12.58	8.7

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.