SHA:603029 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	1,128	914.94	748.14	662.17	622.77	490.77
Other Revenue	43.76	43.76	23.4	41.99	24.49	30.89
Revenue	1,171	958.7	771.54	704.16	647.26	521.66
Revenue Growth	23.43%	24.26%	9.57%	8.79%	24.08%	16.43%
Cost of Revenue	829.86	670.99	502.48	482.31	437.43	372.41
Gross Profit	341.56	287.71	269.06	221.86	209.84	149.25
Selling, General & Admin	135.04	118.22	105.59	95.43	106.05	90.81
Research & Development	60.93	64.97	70.77	71.64	52.15	33.6
Other Operating Expenses	18.72	5.58	3.7	0.58	7.9	4.55
Operating Expenses	183.35	188.23	181.88	174.09	164.74	131.56
Operating Income	158.21	99.48	87.18	47.77	45.1	17.68
Interest Expense	-0.94	-3.91	-1.23	-4.82	-4.19	-2.14
Interest & Investment Income	0.22	1.07	2.19	4.3	3.63	22.29
Currency Exchange Gain (Loss)	-1.88	-1.88	0.13	0.18	0.22	0.05
Other Non Operating Income (Expenses)	-90.82	-46.94	-28.38	0.25	-2.87	-17.74
EBT Excluding Unusual Items	64.8	47.82	59.88	47.67	41.88	20.15
Gain (Loss) on Sale of Investments	-0.67	-0.67	-	-	-	-
Gain (Loss) on Sale of Assets	-0.02	3.17	0.08	-0.51	-0.19	0.85
Asset Writedown	-2.15	-	-	-	-	-
Other Unusual Items	40.83	31.34	12.36	19.87	15.16	15.63
Pretax Income	102.79	81.66	72.32	67.03	56.86	36.63
Income Tax Expense	13.27	7.03	3.03	1.63	-0.65	0.49
Earnings From Continuing Operations	89.52	74.63	69.29	65.4	57.51	36.14
Minority Interest in Earnings	0.09	-0	0.03	-	-	-
Net Income	89.61	74.63	69.32	65.4	57.51	36.14
Net Income to Common	89.61	74.63	69.32	65.4	57.51	36.14
Net Income Growth	10.36%	7.66%	6.01%	13.72%	59.15%	164.25%
Shares Outstanding (Basic)	119	120	122	121	122	120
Shares Outstanding (Diluted)	119	120	122	121	122	120
Shares Change	-1.41%	-1.03%	0.43%	-1.02%	1.58%	1.65%
EPS (Basic)	0.75	0.62	0.57	0.54	0.47	0.30
EPS (Diluted)	0.75	0.62	0.57	0.54	0.47	0.30
EPS Growth	11.93%	8.77%	5.56%	14.89%	56.67%	159.97%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	3.97	-35.54	-79.16	117.92	-73.11	132.56
Free Cash Flow Per Share	0.03	-0.29	-0.65	0.97	-0.60	1.10
Dividend Per Share	0.185	0.185	0.172	0.170	0.142	0.085
Dividend Growth	7.56%	7.56%	1.18%	19.72%	67.85%	46.62%
Gross Margin	29.16%	30.01%	34.87%	31.51%	32.42%	28.61%
Operating Margin	13.51%	10.38%	11.30%	6.78%	6.97%	3.39%
Profit Margin	7.65%	7.79%	8.98%	9.29%	8.88%	6.93%
Free Cash Flow Margin	0.34%	-3.71%	-10.26%	16.75%	-11.29%	25.41%
EBITDA	199.11	136.13	118.16	75.24	69.3	36.39
EBITDA Margin	17.00%	14.20%	15.32%	10.69%	10.71%	6.98%
D&A For EBITDA	40.9	36.65	30.98	27.48	24.21	18.71
EBIT	158.21	99.48	87.18	47.77	45.1	17.68
EBIT Margin	13.51%	10.38%	11.30%	6.78%	6.97%	3.39%
Effective Tax Rate	12.91%	8.61%	4.19%	2.44%	-	1.35%
Revenue as Reported	353.31	958.7	771.54	704.16	647.26	521.66
Advertising Expenses	-	1.5	1.42	0.55	0.32	1.06