SHA:603048 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	Mar '25 Mar 31, 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	646.4	636.98	607.9	512.96	587.99	545.85
Other Revenue	7.76	7.76	4.6	5.11	7.6	6.63
Revenue	654.16	644.73	612.5	518.07	595.59	552.48
Revenue Growth (YoY)	2.11%	5.26%	18.23%	-13.01%	7.80%	-
Cost of Revenue	454.37	443.47	442.07	389.3	371.35	323.16
Gross Profit	199.79	201.26	170.44	128.77	224.24	229.33
Selling, General & Admin	125.76	119.52	92.3	80.8	75.12	54.61
Research & Development	36.17	36.77	35.71	32.86	34.78	25.91
Other Operating Expenses	7.42	7.56	5.23	5.02	6.58	7.86
Operating Expenses	170.13	163.47	134.99	118.9	113.14	88.67
Operating Income	29.65	37.79	35.45	9.88	111.1	140.66
Interest Expense	-1.31	-1.82	-3.37	-5.2	-9.12	-10.86
Interest & Investment Income	14.42	12.76	7.37	6.54	0.44	0.07
Currency Exchange Gain (Loss)	-1	-1	0.56	0.27	0.32	0.01
Other Non Operating Income (Expenses)	1.27	-0.25	-0.17	-0.12	0.41	1.98
EBT Excluding Unusual Items	43.04	47.48	39.83	11.37	103.15	131.86
Gain (Loss) on Sale of Investments	0.13	0.1	-0.01	-0.06	-1.38	-0.37
Gain (Loss) on Sale of Assets	-0.07	0.05	0.01	-0.12	-0.14	-0.58
Asset Writedown	0.64	-0.09	-0.71	-0.01	-	-
Other Unusual Items	5.72	6.17	10.36	7.63	9.9	7.85
Pretax Income	49.46	53.71	49.47	18.81	111.53	138.75
Income Tax Expense	1.61	1.84	4.62	-1.64	12.64	18.47
Earnings From Continuing Operations	47.84	51.87	44.86	20.44	98.89	120.28
Minority Interest in Earnings	1.42	1.49	1.01	0.45	0.19	-
Net Income	49.26	53.36	45.86	20.89	99.08	120.28
Net Income to Common	49.26	53.36	45.86	20.89	99.08	120.28
Net Income Growth	-13.21%	16.36%	119.49%	-78.91%	-17.63%	-
Shares Outstanding (Basic)	149	148	148	149	113	110
Shares Outstanding (Diluted)	149	148	148	149	113	110
Shares Change (YoY)	-1.56%	0.20%	-0.88%	32.55%	2.03%	-
EPS (Basic)	0.33	0.36	0.31	0.14	0.88	1.09
EPS (Diluted)	0.33	0.36	0.31	0.14	0.88	1.09
EPS Growth	-11.84%	16.13%	121.43%	-84.09%	-19.27%	-
Free Cash Flow	3.39	66.35	-11.14	-118	-3.1	104.67
Free Cash Flow Per Share	0.02	0.45	-0.07	-0.79	-0.03	0.95
Dividend Per Share	0.350	0.350	0.350	0.211	0.205	-
Dividend Growth	-	-	65.88%	2.93%	-	-
Gross Margin	30.54%	31.22%	27.83%	24.86%	37.65%	41.51%
Operating Margin	4.53%	5.86%	5.79%	1.91%	18.65%	25.46%
Profit Margin	7.53%	8.28%	7.49%	4.03%	16.64%	21.77%
Free Cash Flow Margin	0.52%	10.29%	-1.82%	-22.78%	-0.52%	18.95%
EBITDA	105.92	110.08	91.89	59.56	154.71	181.08
EBITDA Margin	16.19%	17.07%	15.00%	11.50%	25.98%	32.78%
D&A For EBITDA	76.26	72.3	56.44	49.68	43.61	40.42
EBIT	29.65	37.79	35.45	9.88	111.1	140.66
EBIT Margin	4.53%	5.86%	5.79%	1.91%	18.65%	25.46%
Effective Tax Rate	3.26%	3.42%	9.34%	-	11.33%	13.31%
Revenue as Reported	654.16	644.73	612.5	518.07	595.59	552.48
Advertising Expenses	-	1.18	-	-	-	-

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