SHA:603048 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	717.89	636.98	607.9	512.96	587.99
Other Revenue	9.07	7.76	4.6	5.11	7.6
Revenue	726.96	644.73	612.5	518.07	595.59
Revenue Growth (YoY)	12.75%	5.26%	18.23%	-13.01%	7.80%
Cost of Revenue	497.39	443.47	442.07	389.3	371.35
Gross Profit	229.57	201.26	170.44	128.77	224.24
Selling, General & Admin	140.11	119.52	92.3	80.8	75.12
Research & Development	42.5	36.77	35.71	32.86	34.78
Other Operating Expenses	9.68	7.56	5.23	5.02	6.58
Operating Expenses	193.54	163.47	134.99	118.9	113.14
Operating Income	36.03	37.79	35.45	9.88	111.1
Interest Expense	-1.28	-1.82	-3.37	-5.2	-9.12
Interest & Investment Income	7.66	12.76	7.37	6.54	0.44
Currency Exchange Gain (Loss)	3.36	-1	0.56	0.27	0.32
Other Non Operating Income (Expenses)	-0.16	-0.2	-0.17	-0.12	0.41
EBT Excluding Unusual Items	45.61	47.53	39.83	11.37	103.15
Gain (Loss) on Sale of Investments	0.08	0.1	-0.01	-0.06	-1.38
Gain (Loss) on Sale of Assets	-2.5	-0.04	0.01	-0.12	-0.14
Asset Writedown	-10.52	-	-0.71	-0.01	-
Other Unusual Items	2	6.17	10.36	7.63	9.9
Pretax Income	34.67	53.77	49.47	18.81	111.53
Income Tax Expense	1.73	1.84	4.62	-1.64	12.64
Earnings From Continuing Operations	32.94	51.93	44.86	20.44	98.89
Minority Interest in Earnings	-1.79	1.43	1.01	0.45	0.19
Net Income	31.16	53.36	45.86	20.89	99.08
Net Income to Common	31.16	53.36	45.86	20.89	99.08
Net Income Growth	-41.62%	16.36%	119.49%	-78.91%	-17.63%
Shares Outstanding (Basic)	148	148	148	149	113
Shares Outstanding (Diluted)	148	148	148	149	113
Shares Change (YoY)	0.09%	0.20%	-0.88%	32.55%	2.03%
EPS (Basic)	0.21	0.36	0.31	0.14	0.88
EPS (Diluted)	0.21	0.36	0.31	0.14	0.88
EPS Growth	-41.67%	16.13%	121.43%	-84.09%	-19.27%
Free Cash Flow	46.69	66.35	-11.14	-118	-3.1
Free Cash Flow Per Share	0.32	0.45	-0.07	-0.79	-0.03
Dividend Per Share	0.350	0.350	0.350	0.211	0.205
Dividend Growth	-	-	65.88%	2.93%	-
Gross Margin	31.58%	31.22%	27.83%	24.86%	37.65%
Operating Margin	4.96%	5.86%	5.79%	1.91%	18.65%
Profit Margin	4.29%	8.28%	7.49%	4.03%	16.64%
Free Cash Flow Margin	6.42%	10.29%	-1.82%	-22.78%	-0.52%
EBITDA	111.64	112.34	91.89	59.56	154.71
EBITDA Margin	15.36%	17.42%	15.00%	11.50%	25.98%
D&A For EBITDA	75.61	74.55	56.44	49.68	43.61
EBIT	36.03	37.79	35.45	9.88	111.1
EBIT Margin	4.96%	5.86%	5.79%	1.91%	18.65%
Effective Tax Rate	4.98%	3.42%	9.34%	-	11.33%
Revenue as Reported	726.96	644.73	612.5	518.07	595.59
Advertising Expenses	4.13	1.18	-	-	-

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