SHA:605577 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	1,436	1,603	1,846	1,755	1,741	1,491
Other Revenue	60.16	60.16	54.44	50.93	49.23	49.58
Revenue	1,496	1,663	1,901	1,806	1,791	1,540
Revenue Growth (YoY)	-12.46%	-12.48%	5.26%	0.85%	16.24%	1.81%
Cost of Revenue	859.22	945.73	1,069	1,040	1,015	885.7
Gross Profit	637.1	717.75	832.09	765.33	776.02	654.71
Selling, General & Admin	479.51	541.04	578.11	343.72	382.94	518.15
Research & Development	2.63	2.85	2.53	3.46	3.92	8.25
Other Operating Expenses	-4.33	5.15	1.15	4.29	14.36	8.77
Operating Expenses	464.7	543.44	588.89	368.17	410.69	533.1
Operating Income	172.4	174.31	243.2	397.17	365.32	121.61
Interest Expense	-	-	-	-0	-0.01	-
Interest & Investment Income	51.54	64.74	65.88	62.92	51.29	26.38
Other Non Operating Income (Expenses)	-1.83	-2.24	-0.31	-0.38	-0.43	6.41
EBT Excluding Unusual Items	222.1	236.81	308.77	459.7	416.17	154.39
Gain (Loss) on Sale of Investments	12.2	3.3	-	-	-	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.04	0.09	0.25	0.66
Asset Writedown	1.89	-	-	-	-	-
Other Unusual Items	15.34	9.42	-2.21	18.17	26.51	26.23
Pretax Income	252.8	250.81	306.6	477.96	442.93	181.27
Income Tax Expense	-7.16	48.71	-48.68	0.01	0	0.49
Earnings From Continuing Operations	259.96	202.11	355.28	477.95	442.93	180.78
Minority Interest in Earnings	-	-0.76	-7.06	-	-	-
Net Income	259.96	201.35	348.22	477.95	442.93	180.78
Net Income to Common	259.96	201.35	348.22	477.95	442.93	180.78
Net Income Growth	14.77%	-42.18%	-27.14%	7.91%	145.01%	38.60%
Shares Outstanding (Basic)	444	444	444	444	415	400
Shares Outstanding (Diluted)	444	444	444	444	415	400
Shares Change (YoY)	0.01%	0.01%	0.00%	7.14%	3.71%	-0.01%
EPS (Basic)	0.58	0.45	0.78	1.08	1.07	0.45
EPS (Diluted)	0.58	0.45	0.78	1.08	1.07	0.45
EPS Growth	14.76%	-42.18%	-27.14%	0.71%	136.24%	38.61%
Free Cash Flow	345.97	210.26	314.06	276.74	229.19	220.68
Free Cash Flow Per Share	0.78	0.47	0.71	0.62	0.55	0.55
Dividend Per Share	0.150	0.150	0.080	0.110	0.100	-
Dividend Growth	87.50%	87.50%	-27.27%	10.00%	-	-
Gross Margin	42.58%	43.15%	43.78%	42.38%	43.34%	42.50%
Operating Margin	11.52%	10.48%	12.80%	21.99%	20.40%	7.89%
Profit Margin	17.37%	12.10%	18.32%	26.47%	24.74%	11.74%
Free Cash Flow Margin	23.12%	12.64%	16.52%	15.32%	12.80%	14.33%
EBITDA	257.86	255.67	319.08	472.57	443.9	201.38
EBITDA Margin	17.23%	15.37%	16.79%	26.17%	24.79%	13.07%
D&A For EBITDA	85.47	81.36	75.88	75.4	78.58	79.77
EBIT	172.4	174.31	243.2	397.17	365.32	121.61
EBIT Margin	11.52%	10.48%	12.80%	21.99%	20.40%	7.89%
Effective Tax Rate	-	19.42%	-	0.00%	0.00%	0.27%
Revenue as Reported	1,496	1,663	1,901	1,806	1,791	1,540
Advertising Expenses	-	42.11	76.12	95.82	110.29	78.78

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