SHA:601890 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	2,039	1,961	1,911	1,496	1,281	1,075
Other Revenue	27.6	27.6	19.71	20.57	38.52	33.7
Revenue	2,066	1,989	1,931	1,516	1,320	1,109
Revenue Growth (YoY)	8.34%	2.98%	27.34%	14.93%	19.00%	-13.64%
Cost of Revenue	1,435	1,395	1,365	1,139	1,017	870.9
Gross Profit	631.46	594.16	566.2	377.16	302.87	237.99
Selling, General & Admin	195.63	198.53	213.82	155.58	137.16	121.15
Research & Development	124.53	113.91	107.76	78.05	65.77	52.46
Other Operating Expenses	8.09	-0.93	6.29	13.53	13.45	11.57
Operating Expenses	332.62	318.76	336.49	255.8	210.97	180.42
Operating Income	298.83	275.4	229.71	121.36	91.9	57.57
Interest Expense	-17.21	-15.93	-13.23	-10.19	-10.77	-11.25
Interest & Investment Income	53.08	47.2	41.33	28.26	69.63	62.64
Currency Exchange Gain (Loss)	9.51	9.51	-2.74	25.13	-3.95	-16.27
Other Non Operating Income (Expenses)	-9.44	-0.94	-1.52	-0.88	1.25	-0.5
EBT Excluding Unusual Items	334.79	315.23	253.55	163.67	148.05	92.19
Gain (Loss) on Sale of Investments	25.19	19.45	30.71	6.12	-11.71	3.96
Gain (Loss) on Sale of Assets	0.06	-0.08	-14.75	-0.08	-1.34	0.05
Other Unusual Items	-2.01	0.84	0.89	6.59	9.1	11.6
Pretax Income	358.03	335.44	270.41	176.3	144.1	107.8
Income Tax Expense	48.1	46.8	35.99	24.32	22.9	18.65
Earnings From Continuing Operations	309.93	288.64	234.42	151.98	121.2	89.15
Minority Interest in Earnings	-9.87	-6.71	2.09	-2.96	-0.03	-1.99
Net Income	300.06	281.93	236.51	149.02	121.17	87.16
Net Income to Common	300.06	281.93	236.51	149.02	121.17	87.16
Net Income Growth	18.17%	19.21%	58.71%	22.98%	39.02%	-3.05%
Shares Outstanding (Basic)	959	959	958	961	962	958
Shares Outstanding (Diluted)	959	959	958	961	962	958
Shares Change (YoY)	0.13%	0.15%	-0.41%	-0.03%	0.40%	0.15%
EPS (Basic)	0.31	0.29	0.25	0.15	0.13	0.09
EPS (Diluted)	0.31	0.29	0.25	0.15	0.13	0.09
EPS Growth	18.02%	19.03%	59.36%	23.02%	38.46%	-3.19%
Free Cash Flow	54.92	62.56	132.06	160.35	38.05	128.38
Free Cash Flow Per Share	0.06	0.07	0.14	0.17	0.04	0.13
Dividend Per Share	0.140	0.100	0.105	0.050	0.040	0.030
Dividend Growth	33.33%	-4.76%	110.00%	25.00%	33.33%	-
Gross Margin	30.56%	29.88%	29.32%	24.87%	22.95%	21.46%
Operating Margin	14.46%	13.85%	11.89%	8.00%	6.96%	5.19%
Profit Margin	14.52%	14.18%	12.25%	9.83%	9.18%	7.86%
Free Cash Flow Margin	2.66%	3.15%	6.84%	10.57%	2.88%	11.58%
EBITDA	381.4	355.12	305.63	194.82	164.86	127.99
EBITDA Margin	18.46%	17.86%	15.83%	12.85%	12.49%	11.54%
D&A For EBITDA	82.57	79.72	75.92	73.45	72.97	70.42
EBIT	298.83	275.4	229.71	121.36	91.9	57.57
EBIT Margin	14.46%	13.85%	11.89%	8.00%	6.96%	5.19%
Effective Tax Rate	13.44%	13.95%	13.31%	13.79%	15.89%	17.30%
Revenue as Reported	2,066	1,989	1,931	1,516	1,320	1,109

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.