SHA:603025 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	2,799	2,485	1,982	1,541	1,459	786.15
Other Revenue	44.38	44.38	51.01	56.28	46.37	46.38
Revenue	2,843	2,529	2,033	1,598	1,505	832.53
Revenue Growth (YoY)	12.16%	24.42%	27.22%	6.16%	80.76%	-14.42%
Cost of Revenue	1,616	1,474	1,252	953.94	891.94	491.76
Gross Profit	1,228	1,055	780.46	643.68	612.94	340.78
Selling, General & Admin	212.77	194.96	171.18	117.14	111.99	81.21
Research & Development	213.36	205.7	183.17	163.82	146.5	99.52
Other Operating Expenses	-53.89	-63.22	-32.79	-30.3	-27.23	-19.09
Operating Expenses	361.49	342.09	322.66	250.44	232.47	165.39
Operating Income	866.17	712.66	457.8	393.24	380.47	175.39
Interest Expense	-28.59	-27.83	-13.26	-2.08	-0.66	-
Interest & Investment Income	14.69	29.61	38.77	109.48	29.82	23.4
Currency Exchange Gain (Loss)	-3.23	-3.23	-1.45	-2.02	0.19	-0.23
Other Non Operating Income (Expenses)	-14.94	-15.81	-5.08	-1.31	-0.25	-0.16
EBT Excluding Unusual Items	834.09	695.39	476.78	497.31	409.58	198.4
Gain (Loss) on Sale of Investments	-9	3.54	-2.66	-0.28	-0.87	-1.83
Gain (Loss) on Sale of Assets	-0.1	-0.09	-0.07	-0.03	-0.39	36.78
Other Unusual Items	9.31	9.31	16.62	17.21	7.71	17.69
Pretax Income	833.84	708.15	490.67	514.22	416.02	251.04
Income Tax Expense	95.83	84.17	52.88	57.92	51.32	34.46
Earnings From Continuing Operations	738.02	623.98	437.78	456.3	364.7	216.58
Minority Interest in Earnings	-45.14	-39.72	-32.29	-21.1	-6.76	-2.24
Net Income	692.88	584.25	405.5	435.2	357.94	214.34
Net Income to Common	692.88	584.25	405.5	435.2	357.94	214.34
Net Income Growth	14.28%	44.08%	-6.83%	21.58%	67.00%	-15.79%
Shares Outstanding (Basic)	1,098	1,102	1,096	1,116	1,101	1,118
Shares Outstanding (Diluted)	1,098	1,102	1,096	1,116	1,101	1,118
Shares Change (YoY)	0.31%	0.59%	-1.79%	1.32%	-1.50%	2.48%
EPS (Basic)	0.63	0.53	0.37	0.39	0.33	0.19
EPS (Diluted)	0.63	0.53	0.37	0.39	0.33	0.19
EPS Growth	13.92%	43.24%	-5.13%	20.00%	69.54%	-17.83%
Free Cash Flow	267.53	209.6	318.58	205.01	236.25	46.22
Free Cash Flow Per Share	0.24	0.19	0.29	0.18	0.21	0.04
Dividend Per Share	0.350	0.350	0.300	0.167	0.333	0.183
Dividend Growth	16.67%	16.67%	79.96%	-49.98%	81.83%	-
Gross Margin	43.18%	41.71%	38.40%	40.29%	40.73%	40.93%
Operating Margin	30.46%	28.18%	22.52%	24.61%	25.28%	21.07%
Profit Margin	24.37%	23.10%	19.95%	27.24%	23.79%	25.75%
Free Cash Flow Margin	9.41%	8.29%	15.67%	12.83%	15.70%	5.55%
EBITDA	894.38	742.8	490.52	422	404.73	196.87
EBITDA Margin	31.45%	29.37%	24.13%	26.41%	26.90%	23.65%
D&A For EBITDA	28.21	30.14	32.72	28.75	24.26	21.48
EBIT	866.17	712.66	457.8	393.24	380.47	175.39
EBIT Margin	30.46%	28.18%	22.52%	24.61%	25.28%	21.07%
Effective Tax Rate	11.49%	11.89%	10.78%	11.26%	12.34%	13.73%
Revenue as Reported	2,843	2,529	2,033	1,598	1,505	832.53
Advertising Expenses	-	0.54	1.74	0.11	0.2	0.07

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