SHA:603165 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	2,253	2,219	2,280	2,553	2,401
Other Revenue	-	15.8	10.88	10.33	13.65
Revenue	2,253	2,235	2,291	2,563	2,415
Revenue Growth (YoY)	0.81%	-2.45%	-10.60%	6.14%	42.42%
Cost of Revenue	1,981	1,901	1,966	2,357	2,042
Gross Profit	271.94	334.42	324.8	205.94	372.93
Selling, General & Admin	67.53	55.71	51.7	40.87	37.95
Research & Development	103.43	121.68	122.78	128.8	108.82
Other Operating Expenses	-118.99	-102.13	-101.3	-113.04	-18.28
Operating Expenses	51.97	82.32	74.06	56.97	131.69
Operating Income	219.97	252.11	250.74	148.97	241.24
Interest Expense	-	-67.65	-26.25	-19.15	-18.96
Interest & Investment Income	12.05	66.83	42.52	29.65	29.02
Currency Exchange Gain (Loss)	-	-0	0.01	-0	0
Other Non Operating Income (Expenses)	-65.79	-0.69	-0.84	-0.15	0.24
EBT Excluding Unusual Items	166.23	250.6	266.17	159.31	251.55
Gain (Loss) on Sale of Investments	87.47	33.44	-2.38	14.53	19.99
Gain (Loss) on Sale of Assets	-	-0.09	-0.08	0.47	-1.69
Asset Writedown	-29.38	-1.32	-	-	-
Other Unusual Items	-	10.94	4.14	9.96	6.66
Pretax Income	224.32	293.56	267.85	184.28	276.5
Income Tax Expense	0.57	7.21	-2.82	16.15	-7.91
Earnings From Continuing Operations	223.75	286.35	270.67	168.13	284.42
Net Income	223.75	286.35	270.67	168.13	284.42
Net Income to Common	223.75	286.35	270.67	168.13	284.42
Net Income Growth	-21.86%	5.79%	60.99%	-40.89%	22.64%
Shares Outstanding (Basic)	260	268	271	267	259
Shares Outstanding (Diluted)	273	286	271	267	268
Shares Change (YoY)	-4.71%	5.79%	1.42%	-0.54%	5.28%
EPS (Basic)	0.86	1.07	1.00	0.63	1.10
EPS (Diluted)	0.82	1.00	1.00	0.63	1.06
EPS Growth	-18.00%	-	58.73%	-40.57%	16.48%
Free Cash Flow	-640.28	40.82	177.77	118.81	7.35
Free Cash Flow Per Share	-2.35	0.14	0.66	0.45	0.03
Dividend Per Share	-	0.500	0.490	0.460	0.350
Dividend Growth	-	2.04%	6.52%	31.43%	-50.00%
Gross Margin	12.07%	14.96%	14.18%	8.04%	15.45%
Operating Margin	9.76%	11.28%	10.94%	5.81%	9.99%
Profit Margin	9.93%	12.81%	11.81%	6.56%	11.78%
Free Cash Flow Margin	-28.42%	1.83%	7.76%	4.64%	0.30%
EBITDA	320.16	350.53	347.23	234.61	315.53
EBITDA Margin	14.21%	15.68%	15.15%	9.15%	13.07%
D&A For EBITDA	100.2	98.42	96.49	85.64	74.29
EBIT	219.97	252.11	250.74	148.97	241.24
EBIT Margin	9.76%	11.28%	10.94%	5.81%	9.99%
Effective Tax Rate	0.26%	2.46%	-	8.76%	-
Revenue as Reported	-	2,235	2,291	2,563	2,415

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.