SHA:600573 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	640.3	631.15	600.24	601.38	567.63
Other Revenue	-	15.91	13.42	12.04	14.4
Revenue	640.3	647.06	613.65	613.42	582.04
Revenue Growth (YoY)	-1.04%	5.45%	0.04%	5.39%	-5.26%
Cost of Revenue	416.88	444.3	433.56	448.88	428.64
Gross Profit	223.42	202.76	180.09	164.53	153.4
Selling, General & Admin	74.55	77.4	67.79	60.88	71.65
Research & Development	26.04	25.09	24.06	23.87	21.41
Other Operating Expenses	63.1	67.09	65.99	63.85	61.39
Operating Expenses	163.69	169.57	157.86	148.6	154.45
Operating Income	59.73	33.19	22.24	15.94	-1.05
Interest Expense	-	-1.44	-0.47	-0.05	-
Interest & Investment Income	5.64	37.11	35.38	30.15	28.32
Other Non Operating Income (Expenses)	26.29	-0.12	-0.18	-0.14	-0.25
EBT Excluding Unusual Items	91.65	68.74	56.97	45.89	27.02
Gain (Loss) on Sale of Investments	0.33	0.21	-	-	0.18
Asset Writedown	-1.3	-1.21	-0.76	-	-0.02
Other Unusual Items	-	5.03	2.04	0.56	10.57
Pretax Income	90.68	72.77	58.24	46.46	37.75
Income Tax Expense	10.54	7.68	9.45	6.42	6.57
Earnings From Continuing Operations	80.14	65.08	48.79	40.04	31.18
Minority Interest in Earnings	-0.15	-0.25	-0.26	-0.19	-0.15
Net Income	79.99	64.83	48.53	39.85	31.03
Net Income to Common	79.99	64.83	48.53	39.85	31.03
Net Income Growth	23.39%	33.58%	21.80%	28.41%	8.24%
Shares Outstanding (Basic)	250	250	250	251	250
Shares Outstanding (Diluted)	250	250	250	251	250
Shares Change (YoY)	-0.14%	0.05%	-0.18%	0.14%	0.38%
EPS (Basic)	0.32	0.26	0.19	0.16	0.12
EPS (Diluted)	0.32	0.26	0.19	0.16	0.12
EPS Growth	23.55%	33.51%	22.01%	28.23%	7.83%
Free Cash Flow	88.73	119.63	70.79	136.12	53.46
Free Cash Flow Per Share	0.35	0.48	0.28	0.54	0.21
Dividend Per Share	-	0.080	0.060	0.050	0.038
Dividend Growth	-	33.33%	20.00%	31.58%	8.57%
Gross Margin	34.89%	31.34%	29.35%	26.82%	26.36%
Operating Margin	9.33%	5.13%	3.62%	2.60%	-0.18%
Profit Margin	12.49%	10.02%	7.91%	6.50%	5.33%
Free Cash Flow Margin	13.86%	18.49%	11.54%	22.19%	9.18%
EBITDA	83.14	56.69	49.59	41.9	30.94
EBITDA Margin	12.98%	8.76%	8.08%	6.83%	5.32%
D&A For EBITDA	23.41	23.5	27.35	25.96	31.99
EBIT	59.73	33.19	22.24	15.94	-1.05
EBIT Margin	9.33%	5.13%	3.62%	2.60%	-0.18%
Effective Tax Rate	11.63%	10.56%	16.23%	13.81%	17.40%
Revenue as Reported	-	647.06	613.65	613.42	582.04
Advertising Expenses	-	0.83	1.34	0.82	0.89

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