SHA:600444 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	723.84	757	748.76	782.17	834.78	700.31
Other Revenue	9.12	9.12	6.26	5.68	7.11	0.45
Revenue	732.96	766.12	755.01	787.84	841.89	700.77
Revenue Growth (YoY)	-19.22%	1.47%	-4.17%	-6.42%	20.14%	3.32%
Cost of Revenue	627.94	660.93	631.77	666.99	710.97	574.62
Gross Profit	105.02	105.19	123.24	120.86	130.93	126.15
Selling, General & Admin	35.2	47.9	47.16	39.43	39.76	46.44
Research & Development	39.78	33.52	28.79	38.91	43.41	47.1
Other Operating Expenses	-1.05	-1.98	7.19	5.02	5.74	6.15
Operating Expenses	77.65	79.68	88.31	83.98	85.83	93.92
Operating Income	27.37	25.51	34.93	36.88	45.1	32.23
Interest Expense	-0.6	-0.88	-0.63	-0.72	-0.85	-
Interest & Investment Income	9.6	9.12	9.82	8.38	8.44	4.27
Other Non Operating Income (Expenses)	-0.31	-0.27	-0.05	0.29	0.37	-0.12
EBT Excluding Unusual Items	36.06	33.49	44.07	44.82	53.06	36.38
Gain (Loss) on Sale of Assets	-0.79	-0.02	-0.27	-0	0.1	0.02
Asset Writedown	2.04	-	-1.59	-	-1.94	-
Other Unusual Items	3.01	3.14	5.11	4.82	2.38	14.24
Pretax Income	40.31	36.61	47.32	49.64	53.59	50.64
Income Tax Expense	-6.23	-3.55	7.27	8.4	4.94	5.07
Earnings From Continuing Operations	46.54	40.16	40.05	41.24	48.65	45.56
Net Income	46.54	40.16	40.05	41.24	48.65	45.56
Net Income to Common	46.54	40.16	40.05	41.24	48.65	45.56
Net Income Growth	-12.08%	0.28%	-2.90%	-15.23%	6.78%	-6.17%
Shares Outstanding (Basic)	143	146	146	146	146	146
Shares Outstanding (Diluted)	143	146	146	146	146	146
Shares Change (YoY)	-0.18%	-0.01%	0.02%	-0.00%	0.00%	-0.02%
EPS (Basic)	0.32	0.27	0.27	0.28	0.33	0.31
EPS (Diluted)	0.32	0.27	0.27	0.28	0.33	0.31
EPS Growth	-11.92%	0.29%	-2.91%	-15.23%	6.78%	-6.15%
Free Cash Flow	157.79	-11.21	51.85	10.89	-69.47	315.97
Free Cash Flow Per Share	1.10	-0.08	0.35	0.07	-0.47	2.16
Dividend Per Share	0.110	0.110	0.100	0.130	0.130	0.150
Dividend Growth	10.00%	10.00%	-23.08%	-	-13.33%	-
Gross Margin	14.33%	13.73%	16.32%	15.34%	15.55%	18.00%
Operating Margin	3.73%	3.33%	4.63%	4.68%	5.36%	4.60%
Profit Margin	6.35%	5.24%	5.30%	5.24%	5.78%	6.50%
Free Cash Flow Margin	21.53%	-1.46%	6.87%	1.38%	-8.25%	45.09%
EBITDA	30.56	30.17	41.53	44.23	59.34	43.62
EBITDA Margin	4.17%	3.94%	5.50%	5.61%	7.05%	6.22%
D&A For EBITDA	3.19	4.66	6.61	7.35	14.24	11.39
EBIT	27.37	25.51	34.93	36.88	45.1	32.23
EBIT Margin	3.73%	3.33%	4.63%	4.68%	5.36%	4.60%
Effective Tax Rate	-	-	15.37%	16.93%	9.22%	10.02%
Revenue as Reported	732.96	766.12	755.01	787.84	-	700.77

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