SHA:603987 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	2,269	2,252	2,444	3,112	3,088	2,638
Other Revenue	9	9	8.28	7.01	9.48	7.24
Revenue	2,278	2,261	2,453	3,119	3,097	2,645
Revenue Growth (YoY)	-0.24%	-7.79%	-21.36%	0.70%	17.07%	45.60%
Cost of Revenue	1,524	1,535	1,659	2,075	1,912	1,659
Gross Profit	753.45	726.2	793.91	1,044	1,185	986.68
Selling, General & Admin	347.95	371.1	391.39	520.67	548.03	465.47
Research & Development	103.66	106.21	100.55	123	165.43	124.24
Other Operating Expenses	19.46	18.46	21.48	23.68	21.52	21.51
Operating Expenses	490.49	510.78	518.66	673.52	741.61	615.11
Operating Income	262.97	215.43	275.25	370.21	443.75	371.57
Interest Expense	-18.2	-21.28	-26.48	-28.16	-24.19	-20.65
Interest & Investment Income	48.75	51.02	47.87	50.51	26.27	30.05
Currency Exchange Gain (Loss)	7	7	-3.52	4.54	-2.73	-16.83
Other Non Operating Income (Expenses)	-9.07	-5.59	-0.54	-2.78	-4.81	-4.23
EBT Excluding Unusual Items	291.45	246.58	292.58	394.32	438.3	359.92
Impairment of Goodwill	-	-	-	-24.4	-	-
Gain (Loss) on Sale of Investments	-0.45	-1.82	-1.49	-2.28	21.91	-2.69
Gain (Loss) on Sale of Assets	-2.56	-2.59	-3.9	18.06	-2.23	-1.69
Asset Writedown	1.56	-	-1.6	-	-	-
Other Unusual Items	10.05	10.05	14.88	13.69	25.77	34.64
Pretax Income	300.05	252.23	300.48	399.38	483.74	390.17
Income Tax Expense	35.52	18.41	24.06	25.24	64.53	63.84
Earnings From Continuing Operations	264.53	233.82	276.42	374.14	419.21	326.33
Minority Interest in Earnings	-20.7	-18.49	-45.52	-62.41	-127.81	-123.56
Net Income	243.83	215.33	230.9	311.74	291.4	202.77
Net Income to Common	243.83	215.33	230.9	311.74	291.4	202.77
Net Income Growth	16.52%	-6.74%	-25.93%	6.98%	43.71%	19.20%
Shares Outstanding (Basic)	435	439	436	439	442	441
Shares Outstanding (Diluted)	435	439	436	439	442	441
Shares Change (YoY)	-0.47%	0.87%	-0.77%	-0.55%	0.16%	-0.18%
EPS (Basic)	0.56	0.49	0.53	0.71	0.66	0.46
EPS (Diluted)	0.56	0.49	0.53	0.71	0.66	0.46
EPS Growth	17.07%	-7.55%	-25.35%	7.58%	43.48%	19.42%
Free Cash Flow	166.7	148.87	211.59	165.31	-245.07	71.08
Free Cash Flow Per Share	0.38	0.34	0.49	0.38	-0.56	0.16
Dividend Per Share	0.150	0.150	0.160	0.220	0.200	-
Dividend Growth	-6.25%	-6.25%	-27.27%	10.00%	-	-
Gross Margin	33.08%	32.11%	32.37%	33.47%	38.27%	37.30%
Operating Margin	11.55%	9.53%	11.22%	11.87%	14.33%	14.05%
Profit Margin	10.71%	9.52%	9.41%	9.99%	9.41%	7.66%
Free Cash Flow Margin	7.32%	6.58%	8.63%	5.30%	-7.91%	2.69%
EBITDA	412.24	363.02	420.61	505.69	569.42	483.38
EBITDA Margin	18.10%	16.05%	17.15%	16.21%	18.39%	18.27%
D&A For EBITDA	149.27	147.59	145.35	135.49	125.67	111.81
EBIT	262.97	215.43	275.25	370.21	443.75	371.57
EBIT Margin	11.55%	9.53%	11.22%	11.87%	14.33%	14.05%
Effective Tax Rate	11.84%	7.30%	8.01%	6.32%	13.34%	16.36%
Revenue as Reported	2,278	2,261	2,453	3,119	3,097	2,645
Advertising Expenses	-	-	-	-	-	2.48

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