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	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	701.19	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	708.94	644.73	612.5	518.07	595.59	552.48
Revenue Growth (YoY)	11.00%	5.26%	18.23%	-13.01%	7.80%	-
Cost of Revenue	479.93	443.47	442.07	389.3	371.35	323.16
Gross Profit	229.02	201.26	170.44	128.77	224.24	229.33
Selling, General & Admin	135.41	119.52	92.3	80.8	75.12	54.61
Research & Development	38.33	36.77	35.71	32.86	34.78	25.91
Other Operating Expenses	7.76	7.56	5.23	5.02	6.58	7.86
Operating Expenses	182.78	163.47	134.99	118.9	113.14	88.67
Operating Income	46.23	37.79	35.45	9.88	111.1	140.66
Interest Expense	-1.09	-1.82	-3.37	-5.2	-9.12	-10.86
Interest & Investment Income	11.93	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)	3.47	-0.25	-0.17	-0.12	0.41	1.98
EBT Excluding Unusual Items	59.55	47.48	39.83	11.37	103.15	131.86
Gain (Loss) on Sale of Investments	0.2	0.1	-0.01	-0.06	-1.38	-0.37
Gain (Loss) on Sale of Assets	-0.04	0.05	0.01	-0.12	-0.14	-0.58
Asset Writedown	-1.48	-0.09	-0.71	-0.01	-	-
Other Unusual Items	5.24	6.17	10.36	7.63	9.9	7.85
Pretax Income	63.46	53.71	49.47	18.81	111.53	138.75
Income Tax Expense	5.49	1.84	4.62	-1.64	12.64	18.47
Earnings From Continuing Operations	57.97	51.87	44.86	20.44	98.89	120.28
Minority Interest in Earnings	3.31	1.49	1.01	0.45	0.19	-
Net Income	61.28	53.36	45.86	20.89	99.08	120.28
Net Income to Common	61.28	53.36	45.86	20.89	99.08	120.28
Net Income Growth	15.37%	16.36%	119.49%	-78.91%	-17.63%	-
Shares Outstanding (Basic)	146	148	148	149	113	110
Shares Outstanding (Diluted)	146	148	148	149	113	110
Shares Change (YoY)	-1.04%	0.20%	-0.88%	32.55%	2.03%	-
EPS (Basic)	0.42	0.36	0.31	0.14	0.88	1.09
EPS (Diluted)	0.42	0.36	0.31	0.14	0.88	1.09
EPS Growth	16.58%	16.13%	121.43%	-84.09%	-19.27%	-
Free Cash Flow	26.8	66.35	-11.14	-118	-3.1	104.67
Free Cash Flow Per Share	0.18	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	-16.67%	-	65.88%	2.93%	-	-
Gross Margin	32.30%	31.22%	27.83%	24.86%	37.65%	41.51%
Operating Margin	6.52%	5.86%	5.79%	1.91%	18.65%	25.46%
Profit Margin	8.64%	8.28%	7.49%	4.03%	16.64%	21.77%
Free Cash Flow Margin	3.78%	10.29%	-1.82%	-22.78%	-0.52%	18.95%
EBITDA	130.42	110.08	91.89	59.56	154.71	181.08
EBITDA Margin	18.40%	17.07%	15.00%	11.50%	25.98%	32.78%
D&A For EBITDA	84.19	72.3	56.44	49.68	43.61	40.42
EBIT	46.23	37.79	35.45	9.88	111.1	140.66
EBIT Margin	6.52%	5.86%	5.79%	1.91%	18.65%	25.46%
Effective Tax Rate	8.65%	3.42%	9.34%	-	11.33%	13.31%
Revenue as Reported	708.94	644.73	612.5	518.07	595.59	552.48
Advertising Expenses	-	1.18	-	-	-	-

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