SHA:603128 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	16,818	17,515	14,602	22,068	24,663	14,095
Other Revenue	9.64	9.64	6.07	2.37	4.9	-
Revenue	16,827	17,525	14,608	22,070	24,668	14,095
Revenue Growth (YoY)	-9.66%	19.96%	-33.81%	-10.53%	75.02%	37.48%
Cost of Revenue	15,248	15,662	12,657	19,723	22,194	12,445
Gross Profit	1,579	1,863	1,951	2,347	2,473	1,649
Selling, General & Admin	1,193	1,242	1,249	1,271	1,234	904.86
Research & Development	22.42	19.61	26.97	23.2	37.81	18.28
Other Operating Expenses	10.57	11.23	-1.39	4.92	8.32	-1.75
Operating Expenses	1,233	1,266	1,271	1,300	1,286	923.48
Operating Income	345.82	597.16	680.33	1,046	1,187	725.96
Interest Expense	-39.6	-31.45	-37.43	-49.42	-36.18	-21.68
Interest & Investment Income	157.83	156.3	156.43	46.71	9.8	28.39
Earnings From Equity Investments	-0.3	-	-	-	34.44	-
Currency Exchange Gain (Loss)	-5.08	-5.08	12.22	117.12	-22.11	-23.18
Other Non Operating Income (Expenses)	14.14	-10.42	-9.21	-7.54	-7.78	-11.25
EBT Excluding Unusual Items	472.81	706.52	802.34	1,153	1,165	698.24
Gain (Loss) on Sale of Investments	0.08	0.08	10.23	2.47	11.46	-
Gain (Loss) on Sale of Assets	-0.17	0.73	17.68	2.18	11.66	4.5
Asset Writedown	-0.25	-0.25	-1.04	-1.43	-1.28	-0.55
Other Unusual Items	1.26	0.99	-3.51	19.35	14	17.12
Pretax Income	473.74	708.07	825.69	1,176	1,201	719.31
Income Tax Expense	73.17	145.52	169.34	251.27	260.01	143.13
Earnings From Continuing Operations	400.57	562.55	656.36	924.66	941.14	576.19
Minority Interest in Earnings	-27.41	-23.72	-39.84	-36.32	-96.38	-45.72
Net Income	373.16	538.83	616.52	888.34	844.76	530.47
Net Income to Common	373.16	538.83	616.52	888.34	844.76	530.47
Net Income Growth	-28.85%	-12.60%	-30.60%	5.16%	59.25%	51.01%
Shares Outstanding (Basic)	1,330	1,314	1,312	1,287	1,280	1,294
Shares Outstanding (Diluted)	1,330	1,314	1,312	1,306	1,300	1,294
Shares Change (YoY)	1.44%	0.19%	0.41%	0.52%	0.45%	-0.55%
EPS (Basic)	0.28	0.41	0.47	0.69	0.66	0.41
EPS (Diluted)	0.28	0.41	0.47	0.68	0.65	0.41
EPS Growth	-29.86%	-12.77%	-30.88%	4.61%	58.54%	51.85%
Free Cash Flow	-113.13	98.79	235.84	1,422	169.03	734.46
Free Cash Flow Per Share	-0.09	0.07	0.18	1.09	0.13	0.57
Dividend Per Share	0.174	0.290	0.330	0.342	0.228	0.247
Dividend Growth	-60.99%	-12.12%	-3.51%	50.00%	-7.69%	541.56%
Gross Margin	9.38%	10.63%	13.36%	10.63%	10.03%	11.70%
Operating Margin	2.05%	3.41%	4.66%	4.74%	4.81%	5.15%
Profit Margin	2.22%	3.08%	4.22%	4.03%	3.43%	3.76%
Free Cash Flow Margin	-0.67%	0.56%	1.61%	6.44%	0.69%	5.21%
EBITDA	397.66	659.41	756.48	1,139	1,271	783.94
EBITDA Margin	2.36%	3.76%	5.18%	5.16%	5.15%	5.56%
D&A For EBITDA	51.84	62.26	76.15	92.99	83.7	57.98
EBIT	345.82	597.16	680.33	1,046	1,187	725.96
EBIT Margin	2.05%	3.41%	4.66%	4.74%	4.81%	5.15%
Effective Tax Rate	15.45%	20.55%	20.51%	21.37%	21.65%	19.90%
Revenue as Reported	16,827	17,525	14,608	22,070	24,668	14,095

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