SHA:600444 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	866.66	892.99	757	748.76	782.17	834.78
Other Revenue	5.83	5.83	9.12	6.26	5.68	7.11
Revenue	872.49	898.83	766.12	755.01	787.84	841.89
Revenue Growth (YoY)	13.11%	17.32%	1.47%	-4.17%	-6.42%	20.14%
Cost of Revenue	754.2	777.34	660.93	631.77	666.99	710.97
Gross Profit	118.29	121.49	105.19	123.24	120.86	130.93
Selling, General & Admin	28.99	29.73	47.9	47.16	39.43	39.76
Research & Development	43.29	42.62	33.52	28.79	38.91	43.41
Other Operating Expenses	-5.81	-5.77	-2.81	5.48	5.02	5.74
Operating Expenses	75.03	75.06	77.3	86.6	83.98	85.83
Operating Income	43.26	46.43	27.89	36.64	36.88	45.1
Interest Expense	-0.52	-0.55	-0.88	-0.63	-0.72	-0.85
Interest & Investment Income	8.83	8.2	9.12	9.82	8.38	8.44
Other Non Operating Income (Expenses)	-0.47	-0.48	-0.27	-0.05	0.29	0.37
EBT Excluding Unusual Items	51.11	53.59	35.87	45.78	44.82	53.06
Gain (Loss) on Sale of Assets	-0.21	-0.36	-1.58	-0.24	-0	0.1
Asset Writedown	-0.01	-0.73	-	-1.59	-	-1.94
Other Unusual Items	0.89	0.09	2.32	3.37	4.82	2.38
Pretax Income	51.78	52.59	36.61	47.32	49.64	53.59
Income Tax Expense	-4	-5.74	-3.55	7.27	8.4	4.94
Earnings From Continuing Operations	55.78	58.33	40.16	40.05	41.24	48.65
Net Income	55.78	58.33	40.16	40.05	41.24	48.65
Net Income to Common	55.78	58.33	40.16	40.05	41.24	48.65
Net Income Growth	32.15%	45.25%	0.28%	-2.90%	-15.23%	6.78%
Shares Outstanding (Basic)	146	146	146	146	146	146
Shares Outstanding (Diluted)	146	146	146	146	146	146
Shares Change (YoY)	0.03%	0.01%	-0.01%	0.02%	-0.00%	0.00%
EPS (Basic)	0.38	0.40	0.27	0.27	0.28	0.33
EPS (Diluted)	0.38	0.40	0.27	0.27	0.28	0.33
EPS Growth	32.11%	45.24%	0.29%	-2.91%	-15.23%	6.78%
Free Cash Flow	200.51	248.36	-11.21	51.85	10.89	-69.47
Free Cash Flow Per Share	1.37	1.70	-0.08	0.35	0.07	-0.47
Dividend Per Share	0.160	0.160	0.110	0.100	0.130	0.130
Dividend Growth	45.45%	45.45%	10.00%	-23.08%	-	-13.33%
Gross Margin	13.56%	13.52%	13.73%	16.32%	15.34%	15.55%
Operating Margin	4.96%	5.17%	3.64%	4.85%	4.68%	5.36%
Profit Margin	6.39%	6.49%	5.24%	5.30%	5.24%	5.78%
Free Cash Flow Margin	22.98%	27.63%	-1.46%	6.87%	1.38%	-8.25%
EBITDA	47.62	51.04	33.51	43.25	44.23	59.34
EBITDA Margin	5.46%	5.68%	4.37%	5.73%	5.61%	7.05%
D&A For EBITDA	4.36	4.61	5.61	6.61	7.35	14.24
EBIT	43.26	46.43	27.89	36.64	36.88	45.1
EBIT Margin	4.96%	5.17%	3.64%	4.85%	4.68%	5.36%
Effective Tax Rate	-	-	-	15.37%	16.93%	9.22%
Revenue as Reported	898.83	898.83	766.12	755.01	787.84	-

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