SHA:603029 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	925.64	748.14	662.17	622.77	490.77	413.92
Other Revenue	23.4	23.4	41.99	24.49	30.89	34.12
Revenue	949.04	771.54	704.16	647.26	521.66	448.04
Revenue Growth (YoY)	34.32%	9.57%	8.79%	24.08%	16.43%	-2.92%
Cost of Revenue	648.44	502.48	482.31	437.43	372.41	297
Gross Profit	300.6	269.06	221.86	209.84	149.25	151.05
Selling, General & Admin	113.02	105.59	95.43	106.05	90.81	104.07
Research & Development	64.64	70.77	71.64	52.15	33.6	38.96
Other Operating Expenses	-6.87	3.7	0.58	7.9	4.55	0.07
Operating Expenses	198.55	181.88	174.09	164.74	131.56	167.32
Operating Income	102.05	87.18	47.77	45.1	17.68	-16.27
Interest Expense	-3.26	-1.23	-4.82	-4.19	-2.14	-1.89
Interest & Investment Income	1.22	2.19	4.3	3.63	22.29	1.64
Currency Exchange Gain (Loss)	0.13	0.13	0.18	0.22	0.05	-0.33
Other Non Operating Income (Expenses)	-28.39	-28.38	0.25	-2.87	-17.74	0.17
EBT Excluding Unusual Items	71.75	59.88	47.67	41.88	20.15	-16.68
Gain (Loss) on Sale of Assets	3.22	0.08	-0.51	-0.19	0.85	-0.13
Asset Writedown	-1.31	-	-	-	-	-
Other Unusual Items	12.36	12.36	19.87	15.16	15.63	11.46
Pretax Income	86.02	72.32	67.03	56.86	36.63	-5.34
Income Tax Expense	4.71	3.03	1.63	-0.65	0.49	-3.42
Earnings From Continuing Operations	81.31	69.29	65.4	57.51	36.14	-1.92
Minority Interest in Earnings	-0.11	0.03	-	-	-	15.6
Net Income	81.2	69.32	65.4	57.51	36.14	13.67
Net Income to Common	81.2	69.32	65.4	57.51	36.14	13.67
Net Income Growth	20.02%	6.01%	13.72%	59.15%	164.25%	34.62%
Shares Outstanding (Basic)	121	122	121	122	120	118
Shares Outstanding (Diluted)	121	122	121	122	120	118
Shares Change (YoY)	-2.11%	0.43%	-1.02%	1.58%	1.65%	-1.31%
EPS (Basic)	0.67	0.57	0.54	0.47	0.30	0.12
EPS (Diluted)	0.67	0.57	0.54	0.47	0.30	0.12
EPS Growth	22.60%	5.56%	14.89%	56.67%	159.97%	36.41%
Free Cash Flow	-12.47	-79.16	117.92	-73.11	132.56	-12.73
Free Cash Flow Per Share	-0.10	-0.65	0.97	-0.60	1.10	-0.11
Dividend Per Share	0.172	0.172	0.170	0.142	0.085	0.058
Dividend Growth	1.18%	1.18%	19.72%	67.85%	46.62%	-24.28%
Gross Margin	31.67%	34.87%	31.51%	32.42%	28.61%	33.71%
Operating Margin	10.75%	11.30%	6.78%	6.97%	3.39%	-3.63%
Profit Margin	8.56%	8.98%	9.29%	8.88%	6.93%	3.05%
Free Cash Flow Margin	-1.31%	-10.26%	16.75%	-11.29%	25.41%	-2.84%
EBITDA	135.56	118.1	75.24	69.3	36.39	5.57
EBITDA Margin	14.28%	15.31%	10.69%	10.71%	6.98%	1.24%
D&A For EBITDA	33.51	30.92	27.48	24.21	18.71	21.84
EBIT	102.05	87.18	47.77	45.1	17.68	-16.27
EBIT Margin	10.75%	11.30%	6.78%	6.97%	3.39%	-3.63%
Effective Tax Rate	5.47%	4.19%	2.44%	-	1.35%	-
Revenue as Reported	949.04	771.54	704.16	647.26	521.66	448.04
Advertising Expenses	-	1.42	0.55	0.32	1.06	2.3

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