SHA:603125 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	981.19	1,078	1,018	962.63	757.37	561.91
Other Revenue	2.39	2.39	1.2	0.98	0.98	0.9
Revenue	983.58	1,080	1,019	963.61	758.35	562.81
Revenue Growth (YoY)	-9.21%	5.98%	5.75%	27.07%	34.74%	3.65%
Cost of Revenue	706.35	762.83	697.38	668.82	531.09	354.45
Gross Profit	277.23	317.1	321.64	294.79	227.27	208.36
Selling, General & Admin	63.14	54.22	53.84	42.97	40.89	34.65
Research & Development	54.01	49.77	41.2	31.58	9.76	11.59
Other Operating Expenses	1.28	1.9	4.12	6.15	4.17	4.67
Operating Expenses	118.83	108.09	100.59	83.61	53.82	49.98
Operating Income	158.4	209.01	221.04	211.18	173.45	158.38
Interest Expense	-	-	-	-0.7	-0.83	-1.56
Interest & Investment Income	18.33	26.94	18.34	0.71	0.28	0.47
Currency Exchange Gain (Loss)	2.58	2.58	2.85	9.93	-2.73	-3.77
Other Non Operating Income (Expenses)	-0.29	-0.51	-0.1	-0.36	-0.51	-0.25
EBT Excluding Unusual Items	179.01	238.03	242.12	220.75	169.66	153.26
Gain (Loss) on Sale of Investments	-1.19	-0.82	2.38	-	-	-
Gain (Loss) on Sale of Assets	-0.22	-1.46	-0.13	-0.23	-0.07	-0.75
Asset Writedown	-0.13	-	-	-	-	-1.61
Legal Settlements	-0	-0	-0.03	-	-	-
Other Unusual Items	1.3	0.85	1.56	0.4	-1.11	0.97
Pretax Income	178.77	236.6	245.91	220.92	168.48	151.88
Income Tax Expense	27.81	32.36	33.33	30.27	24.84	23.44
Net Income	150.96	204.24	212.57	190.65	143.64	128.44
Net Income to Common	150.96	204.24	212.57	190.65	143.64	128.44
Net Income Growth	-25.64%	-3.92%	11.50%	32.73%	11.83%	65.86%
Shares Outstanding (Basic)	414	406	371	304	305	276
Shares Outstanding (Diluted)	414	406	371	304	305	276
Shares Change (YoY)	2.75%	9.25%	22.29%	-0.44%	10.69%	6.61%
EPS (Basic)	0.36	0.50	0.57	0.63	0.47	0.47
EPS (Diluted)	0.36	0.50	0.57	0.63	0.47	0.47
EPS Growth	-27.63%	-12.05%	-8.82%	33.32%	1.03%	55.57%
Free Cash Flow	-178.89	-113.36	98.09	103.75	44.22	80.87
Free Cash Flow Per Share	-0.43	-0.28	0.26	0.34	0.14	0.29
Dividend Per Share	0.103	0.103	0.109	0.043	0.043	-
Dividend Growth	-5.48%	-5.48%	155.61%	-	-	-
Gross Margin	28.19%	29.36%	31.56%	30.59%	29.97%	37.02%
Operating Margin	16.10%	19.35%	21.69%	21.92%	22.87%	28.14%
Profit Margin	15.35%	18.91%	20.86%	19.79%	18.94%	22.82%
Free Cash Flow Margin	-18.19%	-10.50%	9.63%	10.77%	5.83%	14.37%
EBITDA	184.5	235.68	248.47	231.34	196.21	162.46
EBITDA Margin	18.76%	21.82%	24.38%	24.01%	25.87%	28.87%
D&A For EBITDA	26.1	26.67	27.43	20.16	22.76	4.08
EBIT	158.4	209.01	221.04	211.18	173.45	158.38
EBIT Margin	16.10%	19.35%	21.69%	21.92%	22.87%	28.14%
Effective Tax Rate	15.56%	13.68%	13.56%	13.70%	14.74%	15.43%
Revenue as Reported	983.58	1,080	1,019	963.61	-	-
Advertising Expenses	-	0.19	0.11	0.39	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.