SHA:603105 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	Mar '26 Mar 31, 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	713.32	732.99	684.6	670.64	645.85	434.66
Other Revenue	5.29	5.29	4.26	15.57	4.02	10.47
Revenue	718.61	738.28	688.86	686.21	649.88	445.13
Revenue Growth (YoY)	7.23%	7.17%	0.39%	5.59%	46.00%	4.31%
Cost of Revenue	324.5	324.53	283.72	292.89	293.1	201.27
Gross Profit	394.11	413.75	405.14	393.32	356.78	243.86
Selling, General & Admin	67.29	59.87	59.04	54.76	54.85	56.9
Research & Development	29.21	27.21	21.79	20.46	17.57	11.44
Other Operating Expenses	2.22	1.71	-0.42	0.67	-9.11	1.49
Operating Expenses	99.26	89.95	87.06	82.88	59.02	61.08
Operating Income	294.85	323.8	318.08	310.45	297.76	182.78
Interest Expense	-92.18	-92.73	-99.46	-77.57	-77.68	-74.08
Interest & Investment Income	6.13	6.22	8.08	5.08	4.05	2.64
Currency Exchange Gain (Loss)	0	0	0	0	1.03	0
Other Non Operating Income (Expenses)	-0.32	-0.2	-0.16	-0.44	0.82	-1.91
EBT Excluding Unusual Items	208.47	237.09	226.54	237.52	225.98	109.42
Gain (Loss) on Sale of Investments	-	-	-	-	-2.53	1.88
Gain (Loss) on Sale of Assets	-1.89	-0.78	-0.95	0.99	-7.4	-7.5
Asset Writedown	-5.23	-5.28	-	-0	-0.97	-
Other Unusual Items	4.69	4.94	12.71	5.9	-	24.13
Pretax Income	206.04	235.97	238.3	244.41	215.09	127.93
Income Tax Expense	30.58	35.21	44.71	24.25	23.63	17.91
Earnings From Continuing Operations	175.47	200.76	193.59	220.16	191.46	110.01
Net Income	175.47	200.76	193.59	220.16	191.46	110.01
Net Income to Common	175.47	200.76	193.59	220.16	191.46	110.01
Net Income Growth	-7.63%	3.70%	-12.07%	14.99%	74.04%	36.01%
Shares Outstanding (Basic)	501	502	496	500	504	500
Shares Outstanding (Diluted)	501	502	496	500	504	500
Shares Change (YoY)	2.06%	1.11%	-0.80%	-0.69%	0.76%	-1.08%
EPS (Basic)	0.35	0.40	0.39	0.44	0.38	0.22
EPS (Diluted)	0.35	0.40	0.39	0.44	0.38	0.22
EPS Growth	-9.50%	2.56%	-11.36%	15.79%	72.73%	37.50%
Free Cash Flow	83.12	117.11	18.72	-171.45	125.3	34.62
Free Cash Flow Per Share	0.17	0.23	0.04	-0.34	0.25	0.07
Dividend Per Share	0.200	0.200	0.200	0.150	0.120	0.070
Dividend Growth	-	-	33.33%	25.00%	71.43%	40.00%
Gross Margin	54.84%	56.04%	58.81%	57.32%	54.90%	54.78%
Operating Margin	41.03%	43.86%	46.17%	45.24%	45.82%	41.06%
Profit Margin	24.42%	27.19%	28.10%	32.08%	29.46%	24.71%
Free Cash Flow Margin	11.57%	15.86%	2.72%	-24.99%	19.28%	7.78%
EBITDA	508.32	535.72	523.82	487.16	457.76	331.32
EBITDA Margin	70.74%	72.56%	76.04%	70.99%	70.44%	74.43%
D&A For EBITDA	213.46	211.92	205.74	176.71	160	148.54
EBIT	294.85	323.8	318.08	310.45	297.76	182.78
EBIT Margin	41.03%	43.86%	46.17%	45.24%	45.82%	41.06%
Effective Tax Rate	14.84%	14.92%	18.76%	9.92%	10.99%	14.00%
Revenue as Reported	718.61	738.28	688.86	686.21	649.88	445.13

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