SHA:605128 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	2,380	2,364	2,231	1,484	1,122	794.74
Other Revenue	55.63	55.63	45.13	34.72	-	31.77
Revenue	2,435	2,419	2,276	1,519	1,122	826.51
Revenue Growth (YoY)	13.79%	6.28%	49.90%	35.38%	35.72%	4.38%
Cost of Revenue	2,028	2,006	1,893	1,282	975.74	673.49
Gross Profit	407.17	412.89	383.76	236.26	145.99	153.02
Selling, General & Admin	84.43	88.08	100.09	75.28	69.6	48.46
Research & Development	81.71	80.65	70.88	44.47	42.71	29.95
Other Operating Expenses	2.74	6.76	-1.67	3.85	6.74	4.54
Operating Expenses	187.46	194.07	181.14	125.35	114.93	90.1
Operating Income	219.71	218.81	202.62	110.91	31.06	62.92
Interest Expense	-4.61	-4.61	-21.57	-13.34	-4.42	-1.31
Interest & Investment Income	5.15	2.95	0.41	1.71	2.82	4.15
Earnings From Equity Investments	0.03	-	-	0.62	-0.69	0.01
Currency Exchange Gain (Loss)	0.8	0.8	0.27	0.66	0.22	-0.33
Other Non Operating Income (Expenses)	5.18	-6.88	-0.67	-0.65	0.12	0.06
EBT Excluding Unusual Items	226.27	211.07	181.06	99.91	29.11	65.51
Gain (Loss) on Sale of Investments	-3.26	-4.13	-20.59	2.38	3.48	5.67
Gain (Loss) on Sale of Assets	-0.42	-0.31	-2.56	-1.99	-0.25	-0.31
Asset Writedown	1.9	-0.29	-0.04	-	-	-
Legal Settlements	-0.15	-0.15	-	-	-	-
Other Unusual Items	4.01	4.01	4.46	1.49	9.86	6.09
Pretax Income	228.34	210.19	162.33	101.79	42.19	76.96
Income Tax Expense	36.45	31.68	26.25	14.05	-3.58	6.48
Earnings From Continuing Operations	191.9	178.51	136.08	87.73	45.77	70.48
Minority Interest in Earnings	9.23	9.15	0.96	3.45	-0.03	0
Net Income	201.13	187.66	137.05	91.18	45.74	70.48
Net Income to Common	201.13	187.66	137.05	91.18	45.74	70.48
Net Income Growth	45.91%	36.93%	50.31%	99.32%	-35.10%	-13.24%
Shares Outstanding (Basic)	227	206	178	176	177	177
Shares Outstanding (Diluted)	227	206	178	181	177	177
Shares Change (YoY)	37.40%	15.87%	-1.73%	2.35%	0.20%	23.21%
EPS (Basic)	0.88	0.91	0.77	0.52	0.26	0.40
EPS (Diluted)	0.88	0.91	0.77	0.50	0.26	0.40
EPS Growth	6.19%	18.18%	52.96%	94.74%	-35.23%	-29.58%
Free Cash Flow	92.14	194.33	62.47	-253.34	-280.12	-80.96
Free Cash Flow Per Share	0.41	0.94	0.35	-1.40	-1.58	-0.46
Dividend Per Share	0.280	0.280	0.260	0.170	0.057	0.045
Dividend Growth	7.53%	7.53%	53.09%	200.00%	25.17%	-84.02%
Gross Margin	16.72%	17.07%	16.86%	15.56%	13.01%	18.51%
Operating Margin	9.02%	9.04%	8.90%	7.30%	2.77%	7.61%
Profit Margin	8.26%	7.76%	6.02%	6.00%	4.08%	8.53%
Free Cash Flow Margin	3.78%	8.03%	2.74%	-16.68%	-24.97%	-9.80%
EBITDA	300.11	299.04	282.12	166.07	67.79	95.34
EBITDA Margin	12.32%	12.36%	12.39%	10.94%	6.04%	11.54%
D&A For EBITDA	80.4	80.22	79.51	55.16	36.73	32.42
EBIT	219.71	218.81	202.62	110.91	31.06	62.92
EBIT Margin	9.02%	9.04%	8.90%	7.30%	2.77%	7.61%
Effective Tax Rate	15.96%	15.07%	16.17%	13.81%	-	8.42%
Revenue as Reported	2,419	2,419	2,276	1,519	1,122	826.51
Advertising Expenses	-	-	1.03	0.53	-	-

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