SHA:603901 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	4,056	3,953	3,532	3,089	2,688	2,683
Other Revenue	36.02	36.02	34.29	57.46	60.5	24.07
Revenue	4,092	3,989	3,567	3,146	2,749	2,707
Revenue Growth (YoY)	12.88%	11.83%	13.37%	14.44%	1.54%	34.02%
Cost of Revenue	3,081	3,019	2,766	2,273	1,965	1,861
Gross Profit	1,012	969.73	801.14	872.78	783.49	846.7
Selling, General & Admin	490.39	488.87	499.38	445.16	382.9	347.41
Research & Development	269.05	272.4	253.9	239.87	218.62	164.03
Other Operating Expenses	11.07	5.07	-3.38	4.53	17.6	18.32
Operating Expenses	769.56	770.06	758.83	712.93	615.6	545.5
Operating Income	241.98	199.68	42.31	159.85	167.89	301.2
Interest Expense	-68.77	-69.18	-55.26	-49.47	-32.6	-26.94
Interest & Investment Income	-	5.89	36.24	57.37	22.41	14.79
Currency Exchange Gain (Loss)	1.2	1.2	4.6	-0.39	1.79	-2.99
Other Non Operating Income (Expenses)	0.95	1.06	-9.54	-8.19	-10.38	-4.13
EBT Excluding Unusual Items	175.36	138.66	18.35	159.17	149.11	281.93
Impairment of Goodwill	-1.54	-1.54	-1.49	-10.47	-2.4	-20.81
Gain (Loss) on Sale of Investments	6.73	-1.34	-33.16	-99.59	145.24	22.84
Gain (Loss) on Sale of Assets	-12.75	-12.76	0.21	-19.12	-12.36	-7.67
Asset Writedown	-5.36	-	-	-	-	-2.01
Other Unusual Items	23.09	22.66	18.14	27.46	26.74	22.32
Pretax Income	185.52	145.67	2.06	57.46	306.32	296.6
Income Tax Expense	18.55	8.94	-7.34	-4.88	34.48	37.91
Earnings From Continuing Operations	166.97	136.73	9.4	62.34	271.84	258.69
Minority Interest in Earnings	0.88	0.51	6.18	8.72	1.83	2.45
Net Income	167.85	137.24	15.58	71.06	273.67	261.14
Net Income to Common	167.85	137.24	15.58	71.06	273.67	261.14
Net Income Growth	843.39%	780.87%	-78.08%	-74.03%	4.80%	53.05%
Shares Outstanding (Basic)	488	473	493	474	480	450
Shares Outstanding (Diluted)	488	473	493	474	480	458
Shares Change (YoY)	0.36%	-4.02%	4.07%	-1.32%	4.80%	7.40%
EPS (Basic)	0.34	0.29	0.03	0.15	0.57	0.58
EPS (Diluted)	0.34	0.29	0.03	0.15	0.57	0.57
EPS Growth	840.07%	817.72%	-78.93%	-73.68%	-	42.50%
Free Cash Flow	462.18	498.6	-113.96	-386.79	-660.76	-75.49
Free Cash Flow Per Share	0.95	1.05	-0.23	-0.82	-1.38	-0.17
Dividend Per Share	0.080	0.080	0.015	0.080	0.130	0.161
Dividend Growth	433.33%	433.33%	-81.25%	-38.46%	-19.25%	34.17%
Gross Margin	24.72%	24.31%	22.46%	27.74%	28.50%	31.27%
Operating Margin	5.91%	5.01%	1.19%	5.08%	6.11%	11.13%
Profit Margin	4.10%	3.44%	0.44%	2.26%	9.96%	9.65%
Free Cash Flow Margin	11.29%	12.50%	-3.19%	-12.29%	-24.04%	-2.79%
EBITDA	412.44	364.23	183.23	290.56	264.26	365.08
EBITDA Margin	10.08%	9.13%	5.14%	9.24%	9.61%	13.48%
D&A For EBITDA	170.47	164.56	140.92	130.71	96.36	63.87
EBIT	241.98	199.68	42.31	159.85	167.89	301.2
EBIT Margin	5.91%	5.01%	1.19%	5.08%	6.11%	11.13%
Effective Tax Rate	10.00%	6.14%	-	-	11.26%	12.78%
Revenue as Reported	4,092	3,989	3,567	3,146	2,749	2,707
Advertising Expenses	-	18.61	22.37	20.64	10.45	12.58

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