SHA:603998 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	1,734	1,689	1,710	1,569	1,751	1,535
Other Revenue	57.42	57.42	67.69	59.09	41.27	32.12
Revenue	1,791	1,746	1,777	1,629	1,792	1,567
Revenue Growth (YoY)	1.93%	-1.75%	9.15%	-9.12%	14.36%	22.54%
Cost of Revenue	487.45	496.61	517.01	522.25	589.28	566.27
Gross Profit	1,304	1,250	1,260	1,106	1,203	1,001
Selling, General & Admin	782.33	754.97	846.57	804.8	940.45	798.94
Research & Development	158.77	154.47	139.21	107.93	70.4	51.4
Other Operating Expenses	33.26	31.34	23.3	29.27	28.55	24.33
Operating Expenses	981.81	945.23	1,013	942.99	1,049	877.34
Operating Income	321.87	304.61	247.14	163.31	153.98	123.37
Interest Expense	-12.67	-14.8	-21.79	-20.81	-22.95	-18.39
Interest & Investment Income	5.41	5.67	48.22	10.64	171	1.77
Currency Exchange Gain (Loss)	-0.08	-0.08	-	-	0.16	-0.57
Other Non Operating Income (Expenses)	4.61	4.52	-1.25	-2.22	-15.14	-2.46
EBT Excluding Unusual Items	319.14	299.92	272.32	150.92	287.05	103.72
Impairment of Goodwill	-3.82	-3.82	-5.38	-	-	-
Gain (Loss) on Sale of Investments	0.02	-0.8	-0.82	-5.46	-0.06	-21.17
Gain (Loss) on Sale of Assets	36.1	51.39	0.75	11.38	-1.03	-0.94
Asset Writedown	-0.86	-0.64	-0.05	-	-	-
Other Unusual Items	7.14	7.18	19.17	46.5	40.63	9.18
Pretax Income	357.71	353.24	285.99	203.34	326.57	90.79
Income Tax Expense	55.94	50.61	36.14	23.71	49.87	20.87
Earnings From Continuing Operations	301.77	302.64	249.85	179.62	276.71	69.92
Minority Interest in Earnings	4.75	3.75	5.37	7.2	9.15	0.12
Net Income	306.52	306.39	255.22	186.82	285.85	70.04
Net Income to Common	306.52	306.39	255.22	186.82	285.85	70.04
Net Income Growth	12.16%	20.05%	36.61%	-34.64%	308.13%	9.79%
Shares Outstanding (Basic)	438	438	433	434	433	438
Shares Outstanding (Diluted)	438	438	440	445	433	438
Shares Change (YoY)	-0.64%	-0.53%	-1.08%	2.70%	-1.06%	2.93%
EPS (Basic)	0.70	0.70	0.59	0.43	0.66	0.16
EPS (Diluted)	0.70	0.70	0.58	0.42	0.66	0.16
EPS Growth	12.88%	20.69%	38.09%	-36.36%	312.50%	6.67%
Free Cash Flow	335.74	282.12	100.16	-131.24	130.38	0.92
Free Cash Flow Per Share	0.77	0.65	0.23	-0.29	0.30	0.00
Dividend Per Share	0.300	0.300	0.250	0.290	0.350	0.150
Dividend Growth	20.00%	20.00%	-13.79%	-17.14%	133.33%	25.00%
Gross Margin	72.78%	71.56%	70.91%	67.93%	67.12%	63.86%
Operating Margin	17.97%	17.44%	13.90%	10.03%	8.59%	7.87%
Profit Margin	17.11%	17.54%	14.36%	11.47%	15.95%	4.47%
Free Cash Flow Margin	18.74%	16.15%	5.63%	-8.06%	7.28%	0.06%
EBITDA	398.53	380.66	320.77	235.04	223.65	190.74
EBITDA Margin	22.25%	21.80%	18.05%	14.43%	12.48%	12.17%
D&A For EBITDA	76.66	76.06	73.63	71.73	69.67	67.38
EBIT	321.87	304.61	247.14	163.31	153.98	123.37
EBIT Margin	17.97%	17.44%	13.90%	10.03%	8.59%	7.87%
Effective Tax Rate	15.64%	14.33%	12.64%	11.66%	15.27%	22.99%
Revenue as Reported	1,791	1,746	1,777	1,629	1,792	1,567
Advertising Expenses	-	112.79	145.45	77.44	34.32	-

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