SHA:603132 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	1,723	1,538	1,281	1,237	1,251
Other Revenue	1.11	1.48	2.25	2.73	1.68
Revenue	1,724	1,539	1,283	1,239	1,252
Revenue Growth (YoY)	12.00%	19.97%	3.50%	-1.04%	11.60%
Cost of Revenue	603.99	575.43	581.05	399.58	368.94
Gross Profit	1,120	963.63	701.84	839.89	883.51
Selling, General & Admin	239.85	188.4	154.75	141.41	143.33
Research & Development	51.73	46.49	42.24	42.81	43
Other Operating Expenses	72.15	61.63	57.6	56.07	45.72
Operating Expenses	362.64	298.08	251.66	243.17	230.98
Operating Income	757.07	665.54	450.18	596.72	652.53
Interest Expense	-141.93	-106.03	-68.04	-75.03	-120.29
Interest & Investment Income	4.12	15.12	12.8	15.66	4.72
Currency Exchange Gain (Loss)	-	-	0	0	-0
Other Non Operating Income (Expenses)	-4.81	-3.86	2.03	-0.09	-1.56
EBT Excluding Unusual Items	614.45	570.77	396.98	537.26	535.4
Gain (Loss) on Sale of Assets	-1.29	-28.82	0.49	0.39	-0.04
Other Unusual Items	24.82	4.74	-3.65	7.7	3.9
Pretax Income	638.01	546.7	393.83	545.36	539.25
Income Tax Expense	97.09	83.26	50.94	75.42	76.36
Earnings From Continuing Operations	540.92	463.43	342.89	469.94	462.89
Minority Interest in Earnings	1.35	6.9	0.09	-	-
Net Income	542.27	470.33	342.98	469.94	462.89
Net Income to Common	542.27	470.33	342.98	469.94	462.89
Net Income Growth	15.29%	37.13%	-27.02%	1.52%	27.71%
Shares Outstanding (Basic)	986	980	980	959	873
Shares Outstanding (Diluted)	986	980	980	959	873
Shares Change (YoY)	0.62%	-0.01%	2.18%	9.81%	-1.20%
EPS (Basic)	0.55	0.48	0.35	0.49	0.53
EPS (Diluted)	0.55	0.48	0.35	0.49	0.53
EPS Growth	14.58%	37.14%	-28.57%	-7.55%	29.27%
Free Cash Flow	-434.19	-354	499.42	534.21	665.5
Free Cash Flow Per Share	-0.44	-0.36	0.51	0.56	0.76
Dividend Per Share	0.430	0.390	0.540	0.536	-
Dividend Growth	10.26%	-27.78%	0.75%	-	-
Gross Margin	64.96%	62.61%	54.71%	67.76%	70.54%
Operating Margin	43.92%	43.24%	35.09%	48.14%	52.10%
Profit Margin	31.46%	30.56%	26.73%	37.91%	36.96%
Free Cash Flow Margin	-25.19%	-23.00%	38.93%	43.10%	53.14%
EBITDA	997.79	879.66	635.05	767.88	823.68
EBITDA Margin	57.89%	57.16%	49.50%	61.95%	65.77%
D&A For EBITDA	240.72	214.11	184.87	171.16	171.15
EBIT	757.07	665.54	450.18	596.72	652.53
EBIT Margin	43.92%	43.24%	35.09%	48.14%	52.10%
Effective Tax Rate	15.22%	15.23%	12.93%	13.83%	14.16%
Revenue as Reported	1,724	1,539	1,283	1,239	1,252

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