SHA:603969 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	3,062	3,086	2,964	2,683	2,430	3,080
Other Revenue	119.83	119.83	90.11	65.81	33.93	69.42
Revenue	3,182	3,206	3,054	2,749	2,464	3,150
Revenue Growth (YoY)	0.52%	5.00%	11.10%	11.57%	-21.78%	23.16%
Cost of Revenue	2,380	2,409	2,496	2,337	2,137	2,724
Gross Profit	802.65	797.51	557.55	411.3	326.87	425.42
Selling, General & Admin	143.32	142.27	142.23	117.9	93.2	100.96
Research & Development	114.38	118.65	103.81	84.36	68.61	66.34
Other Operating Expenses	-0.38	-1.89	-10.84	-10.87	11.14	12.54
Operating Expenses	288.23	289.93	227.29	210.38	213.46	218.77
Operating Income	514.42	507.58	330.25	200.91	113.41	206.65
Interest Expense	-24.08	-24.08	-20.57	-14.44	-22.31	-22.11
Interest & Investment Income	5.81	5.81	5.31	14.27	20.07	13.72
Currency Exchange Gain (Loss)	3.96	3.96	6.75	6.93	15.63	-9.87
Other Non Operating Income (Expenses)	-30.77	-8.32	-1.54	2.72	-9.59	-8.46
EBT Excluding Unusual Items	469.34	484.95	320.21	210.4	117.21	179.93
Gain (Loss) on Sale of Investments	-2.01	-2.01	-6.3	-	-	-0.1
Gain (Loss) on Sale of Assets	-0.11	-0.11	-0.15	-0.04	-0.42	-0.8
Other Unusual Items	0.35	0.35	-5.92	-1.28	8.83	4.41
Pretax Income	467.57	483.18	307.84	209.08	125.61	183.44
Income Tax Expense	83.31	93.65	56.61	26.93	23.31	28.17
Earnings From Continuing Operations	384.25	389.52	251.23	182.15	102.3	155.26
Minority Interest in Earnings	-22.62	-23.87	-14.58	-10.59	1.56	-8.62
Net Income	361.63	365.65	236.65	171.56	103.86	146.64
Net Income to Common	361.63	365.65	236.65	171.56	103.86	146.64
Net Income Growth	35.48%	54.51%	37.94%	65.18%	-29.17%	7.37%
Shares Outstanding (Basic)	838	850	845	858	866	815
Shares Outstanding (Diluted)	838	850	845	858	866	815
Shares Change (YoY)	-3.26%	0.61%	-1.47%	-0.89%	6.24%	-4.56%
EPS (Basic)	0.43	0.43	0.28	0.20	0.12	0.18
EPS (Diluted)	0.43	0.43	0.28	0.20	0.12	0.18
EPS Growth	40.04%	53.57%	40.00%	66.67%	-33.33%	12.50%
Free Cash Flow	150.57	102.86	-130.83	-102.88	122.51	-73.73
Free Cash Flow Per Share	0.18	0.12	-0.15	-0.12	0.14	-0.09
Dividend Per Share	0.070	0.070	0.080	0.070	0.060	-
Dividend Growth	-12.50%	-12.50%	14.29%	16.67%	-	-
Gross Margin	25.22%	24.87%	18.26%	14.96%	13.27%	13.51%
Operating Margin	16.16%	15.83%	10.81%	7.31%	4.60%	6.56%
Profit Margin	11.36%	11.40%	7.75%	6.24%	4.22%	4.66%
Free Cash Flow Margin	4.73%	3.21%	-4.28%	-3.74%	4.97%	-2.34%
EBITDA	553.07	545.75	366.47	236.95	157.94	259.27
EBITDA Margin	17.38%	17.02%	12.00%	8.62%	6.41%	8.23%
D&A For EBITDA	38.65	38.17	36.22	36.04	44.53	52.62
EBIT	514.42	507.58	330.25	200.91	113.41	206.65
EBIT Margin	16.16%	15.83%	10.81%	7.31%	4.60%	6.56%
Effective Tax Rate	17.82%	19.38%	18.39%	12.88%	18.56%	15.36%
Revenue as Reported	3,206	3,206	3,054	2,749	2,464	3,150
Advertising Expenses	-	0.17	0.07	0	0.65	0.07

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