SHA:603976 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	709.31	662.26	797.8	896.9	793.01	793.62
Other Revenue	2.12	2.12	3.33	3.74	3.19	3.04
Revenue	711.43	664.37	801.12	900.65	796.2	796.66
Revenue Growth (YoY)	-0.78%	-17.07%	-11.05%	13.12%	-0.06%	58.70%
Cost of Revenue	600.36	556.42	655.95	759.02	642.95	598.3
Gross Profit	111.07	107.95	145.18	141.63	153.25	198.36
Selling, General & Admin	56.06	55.36	55.51	57.13	57.46	58.93
Research & Development	13.88	14.51	20.26	23.43	19.11	12.08
Other Operating Expenses	12.5	8.86	0.02	9.32	9.54	9.22
Operating Expenses	88.3	81.69	75.5	90.76	86.73	81.82
Operating Income	22.77	26.26	69.67	50.87	66.52	116.54
Interest Expense	-21.48	-21.31	-20.95	-21.26	-19.61	-13.08
Interest & Investment Income	8.09	8.7	9.8	9.17	8.39	9.12
Currency Exchange Gain (Loss)	0.28	0.28	0.07	-0.25	-0.04	0.73
Other Non Operating Income (Expenses)	0.6	-0.06	-0.04	-0.04	-0.06	0.05
EBT Excluding Unusual Items	10.26	13.87	58.56	38.49	55.2	113.37
Gain (Loss) on Sale of Investments	-0.22	-0.05	0.47	1.05	-0.94	4.76
Gain (Loss) on Sale of Assets	-0.73	-0.83	-5.3	-0.19	-1.32	-0.53
Asset Writedown	-2.83	-	-	-	-	-
Legal Settlements	-	-	-	-	-	-1.87
Other Unusual Items	8.71	7.05	6.49	5.47	5.61	10.25
Pretax Income	15.19	20.04	60.21	44.83	58.55	125.97
Income Tax Expense	0.37	1.14	6.96	4.56	-6.22	19.37
Net Income	14.82	18.9	53.25	40.27	64.77	106.6
Net Income to Common	14.82	18.9	53.25	40.27	64.77	106.6
Net Income Growth	-65.63%	-64.50%	32.24%	-37.83%	-39.24%	100.95%
Shares Outstanding (Basic)	141	145	152	149	151	150
Shares Outstanding (Diluted)	141	145	152	149	151	150
Shares Change (YoY)	-8.44%	-4.42%	2.01%	-0.99%	0.32%	-0.94%
EPS (Basic)	0.11	0.13	0.35	0.27	0.43	0.71
EPS (Diluted)	0.11	0.13	0.35	0.27	0.43	0.71
EPS Growth	-62.47%	-62.86%	29.63%	-37.21%	-39.44%	102.86%
Free Cash Flow	126.63	109.38	40.2	104.22	-237.66	-32.58
Free Cash Flow Per Share	0.90	0.75	0.26	0.70	-1.58	-0.22
Dividend Per Share	0.290	0.290	0.346	0.200	0.060	0.308
Dividend Growth	-16.18%	-16.18%	73.00%	233.33%	-80.52%	755.56%
Gross Margin	15.61%	16.25%	18.12%	15.72%	19.25%	24.90%
Operating Margin	3.20%	3.95%	8.70%	5.65%	8.35%	14.63%
Profit Margin	2.08%	2.84%	6.65%	4.47%	8.13%	13.38%
Free Cash Flow Margin	17.80%	16.46%	5.02%	11.57%	-29.85%	-4.09%
EBITDA	-	132.68	184.06	156.3	152.62	182.98
EBITDA Margin	-	19.97%	22.98%	17.36%	19.17%	22.97%
D&A For EBITDA	-	106.42	114.39	105.43	86.11	66.45
EBIT	22.77	26.26	69.67	50.87	66.52	116.54
EBIT Margin	3.20%	3.95%	8.70%	5.65%	8.35%	14.63%
Effective Tax Rate	2.46%	5.68%	11.56%	10.17%	-	15.38%
Revenue as Reported	711.43	664.37	801.12	900.65	796.2	796.66
Advertising Expenses	-	1.22	1.05	-	0.6	2.02

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