SHA:600444 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	892.99	757	748.76	782.17	834.78
Other Revenue	5.83	9.12	6.26	5.68	7.11
Revenue	898.83	766.12	755.01	787.84	841.89
Revenue Growth (YoY)	17.32%	1.47%	-4.17%	-6.42%	20.14%
Cost of Revenue	777.34	660.93	631.77	666.99	710.97
Gross Profit	121.49	105.19	123.24	120.86	130.93
Selling, General & Admin	29.73	47.9	47.16	39.43	39.76
Research & Development	42.62	33.52	28.79	38.91	43.41
Other Operating Expenses	-5.77	-2.81	5.48	5.02	5.74
Operating Expenses	75.06	77.3	86.6	83.98	85.83
Operating Income	46.43	27.89	36.64	36.88	45.1
Interest Expense	-0.55	-0.88	-0.63	-0.72	-0.85
Interest & Investment Income	8.2	9.12	9.82	8.38	8.44
Other Non Operating Income (Expenses)	-0.48	-0.27	-0.05	0.29	0.37
EBT Excluding Unusual Items	53.59	35.87	45.78	44.82	53.06
Gain (Loss) on Sale of Assets	-0.36	-1.58	-0.24	-0	0.1
Asset Writedown	-0.73	-	-1.59	-	-1.94
Other Unusual Items	0.09	2.32	3.37	4.82	2.38
Pretax Income	52.59	36.61	47.32	49.64	53.59
Income Tax Expense	-5.74	-3.55	7.27	8.4	4.94
Earnings From Continuing Operations	58.33	40.16	40.05	41.24	48.65
Net Income	58.33	40.16	40.05	41.24	48.65
Net Income to Common	58.33	40.16	40.05	41.24	48.65
Net Income Growth	45.25%	0.28%	-2.90%	-15.23%	6.78%
Shares Outstanding (Basic)	146	146	146	146	146
Shares Outstanding (Diluted)	146	146	146	146	146
Shares Change (YoY)	0.01%	-0.01%	0.02%	-0.00%	0.00%
EPS (Basic)	0.40	0.27	0.27	0.28	0.33
EPS (Diluted)	0.40	0.27	0.27	0.28	0.33
EPS Growth	45.24%	0.29%	-2.91%	-15.23%	6.78%
Free Cash Flow	248.36	-11.21	51.85	10.89	-69.47
Free Cash Flow Per Share	1.70	-0.08	0.35	0.07	-0.47
Dividend Per Share	0.160	0.110	0.100	0.130	0.130
Dividend Growth	45.45%	10.00%	-23.08%	-	-13.33%
Gross Margin	13.52%	13.73%	16.32%	15.34%	15.55%
Operating Margin	5.17%	3.64%	4.85%	4.68%	5.36%
Profit Margin	6.49%	5.24%	5.30%	5.24%	5.78%
Free Cash Flow Margin	27.63%	-1.46%	6.87%	1.38%	-8.25%
EBITDA	51.04	33.51	43.25	44.23	59.34
EBITDA Margin	5.68%	4.37%	5.73%	5.61%	7.05%
D&A For EBITDA	4.61	5.61	6.61	7.35	14.24
EBIT	46.43	27.89	36.64	36.88	45.1
EBIT Margin	5.17%	3.64%	4.85%	4.68%	5.36%
Effective Tax Rate	-	-	15.37%	16.93%	9.22%
Revenue as Reported	898.83	766.12	755.01	787.84	-

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