SHA:603132 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	1,908	1,723	1,538	1,281	1,237	1,251
Other Revenue	1.11	1.11	1.48	2.25	2.73	1.68
Revenue	1,909	1,724	1,539	1,283	1,239	1,252
Revenue Growth (YoY)	20.58%	12.00%	19.97%	3.50%	-1.04%	11.60%
Cost of Revenue	629.61	603.99	575.43	581.05	399.58	368.94
Gross Profit	1,279	1,120	963.63	701.84	839.89	883.51
Selling, General & Admin	244.88	239.85	188.4	154.75	141.41	143.33
Research & Development	56.42	51.73	46.49	42.24	42.81	43
Other Operating Expenses	82.11	72.15	61.63	57.6	56.07	45.72
Operating Expenses	383.02	362.64	298.08	251.66	243.17	230.98
Operating Income	896.28	757.07	665.54	450.18	596.72	652.53
Interest Expense	-149.72	-141.93	-106.03	-68.04	-75.03	-120.29
Interest & Investment Income	3.22	4.12	15.12	12.8	15.66	4.72
Currency Exchange Gain (Loss)	-	-	-	0	0	-0
Other Non Operating Income (Expenses)	-4	-4.81	-3.86	2.03	-0.09	-1.56
EBT Excluding Unusual Items	745.78	614.45	570.77	396.98	537.26	535.4
Gain (Loss) on Sale of Assets	-1.31	-1.29	-28.82	0.49	0.39	-0.04
Other Unusual Items	24.84	24.82	4.74	-3.65	7.7	3.9
Pretax Income	769.34	638.01	546.7	393.83	545.36	539.25
Income Tax Expense	116.11	97.09	83.26	50.94	75.42	76.36
Earnings From Continuing Operations	653.23	540.92	463.43	342.89	469.94	462.89
Minority Interest in Earnings	0.13	1.35	6.9	0.09	-	-
Net Income	653.37	542.27	470.33	342.98	469.94	462.89
Net Income to Common	653.37	542.27	470.33	342.98	469.94	462.89
Net Income Growth	34.73%	15.29%	37.13%	-27.02%	1.52%	27.71%
Shares Outstanding (Basic)	995	986	980	980	959	873
Shares Outstanding (Diluted)	995	986	980	980	959	873
Shares Change (YoY)	2.94%	0.62%	-0.01%	2.18%	9.81%	-1.20%
EPS (Basic)	0.66	0.55	0.48	0.35	0.49	0.53
EPS (Diluted)	0.66	0.55	0.48	0.35	0.49	0.53
EPS Growth	30.88%	14.58%	37.14%	-28.57%	-7.55%	29.27%
Free Cash Flow	-378.69	-434.19	-354	499.42	534.21	665.5
Free Cash Flow Per Share	-0.38	-0.44	-0.36	0.51	0.56	0.76
Dividend Per Share	0.430	0.430	0.390	0.540	0.536	-
Dividend Growth	10.26%	10.26%	-27.78%	0.75%	-	-
Gross Margin	67.02%	64.96%	62.61%	54.71%	67.76%	70.54%
Operating Margin	46.95%	43.92%	43.24%	35.09%	48.14%	52.10%
Profit Margin	34.23%	31.46%	30.56%	26.73%	37.91%	36.96%
Free Cash Flow Margin	-19.84%	-25.19%	-23.00%	38.93%	43.10%	53.14%
EBITDA	1,144	997.79	879.66	635.05	767.88	823.68
EBITDA Margin	59.91%	57.89%	57.16%	49.50%	61.95%	65.77%
D&A For EBITDA	247.37	240.72	214.11	184.87	171.16	171.15
EBIT	896.28	757.07	665.54	450.18	596.72	652.53
EBIT Margin	46.95%	43.92%	43.24%	35.09%	48.14%	52.10%
Effective Tax Rate	15.09%	15.22%	15.23%	12.93%	13.83%	14.16%
Revenue as Reported	1,909	1,724	1,539	1,283	1,239	1,252

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