SHA:603992 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	2,797	2,540	2,901	2,910	3,101	2,893
Other Revenue	79.8	79.8	113.68	73.21	79.93	83.64
Revenue	2,877	2,620	3,015	2,983	3,181	2,977
Revenue Growth (YoY)	-0.65%	-13.10%	1.06%	-6.20%	6.84%	46.30%
Cost of Revenue	1,943	1,768	1,964	1,976	2,225	2,106
Gross Profit	933.9	852.02	1,051	1,007	955.21	871.37
Selling, General & Admin	410.98	411.72	366.64	375.43	414.9	354.73
Research & Development	247.74	247.08	225.11	203.53	192.22	169.57
Other Operating Expenses	27.27	28.33	26.88	28.42	23.06	24.43
Operating Expenses	682.32	683.45	616.29	617.87	624.11	555.82
Operating Income	251.58	168.57	435.08	389.54	331.1	315.55
Interest Expense	-10.32	-10.32	-22.39	-26.1	-29.85	-13.89
Interest & Investment Income	32.13	32.57	32.52	26.14	11.71	29.91
Currency Exchange Gain (Loss)	1.83	1.83	32.75	14.91	59.78	-9.31
Other Non Operating Income (Expenses)	-28.82	-3.74	0.47	-2.43	-1.53	2.24
EBT Excluding Unusual Items	246.4	188.92	478.44	402.06	371.22	324.5
Impairment of Goodwill	-	-	-	-	-10.15	-
Gain (Loss) on Sale of Investments	1.05	1.85	2.32	-28.64	-55.21	12.67
Gain (Loss) on Sale of Assets	-0.34	-0.22	0.48	-0.6	12.85	-1.44
Asset Writedown	-1.03	-0.79	-1.12	-9.87	-5.46	-2.47
Legal Settlements	3.51	3.51	-	-	-	-
Other Unusual Items	20.12	20.12	13.05	14.94	6.98	24.61
Pretax Income	269.72	213.4	493.2	377.88	320.23	358.42
Income Tax Expense	14.36	7.99	46.78	-13.21	34.7	46.3
Earnings From Continuing Operations	255.36	205.41	446.42	391.09	285.53	312.12
Minority Interest in Earnings	-	-	-	-38.6	-24.31	-10.83
Net Income	255.36	205.41	446.42	352.49	261.22	301.3
Net Income to Common	255.36	205.41	446.42	352.49	261.22	301.3
Net Income Growth	-32.90%	-53.99%	26.65%	34.94%	-13.30%	11.39%
Shares Outstanding (Basic)	428	428	406	363	402	402
Shares Outstanding (Diluted)	428	428	446	383	402	402
Shares Change (YoY)	-4.10%	-4.14%	16.52%	-4.66%	0.03%	-0.49%
EPS (Basic)	0.60	0.48	1.10	0.97	0.65	0.75
EPS (Diluted)	0.60	0.48	1.00	0.92	0.65	0.75
EPS Growth	-30.03%	-52.00%	8.70%	41.54%	-13.33%	11.94%
Free Cash Flow	95.83	1.27	350.4	325.56	401.56	-47.32
Free Cash Flow Per Share	0.22	0.00	0.79	0.85	1.00	-0.12
Dividend Per Share	0.375	0.375	0.530	0.439	0.196	0.076
Dividend Growth	-	-29.24%	20.73%	123.98%	157.90%	-62.56%
Gross Margin	32.46%	32.52%	34.87%	33.77%	30.03%	29.27%
Operating Margin	8.74%	6.43%	14.43%	13.06%	10.41%	10.60%
Profit Margin	8.88%	7.84%	14.81%	11.82%	8.21%	10.12%
Free Cash Flow Margin	3.33%	0.05%	11.62%	10.91%	12.63%	-1.59%
EBITDA	371.83	289.74	559.95	515.39	451.87	404.85
EBITDA Margin	12.93%	11.06%	18.57%	17.27%	14.21%	13.60%
D&A For EBITDA	120.25	121.17	124.87	125.85	120.77	89.3
EBIT	251.58	168.57	435.08	389.54	331.1	315.55
EBIT Margin	8.74%	6.43%	14.43%	13.06%	10.41%	10.60%
Effective Tax Rate	5.32%	3.74%	9.49%	-	10.84%	12.92%
Revenue as Reported	2,620	2,620	3,015	2,983	3,181	2,977
Advertising Expenses	-	3.63	2.73	3.84	6.29	10.87

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