SHA:603170 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	2,775	2,573	2,311	2,026	1,569	900.51
Other Revenue	78.51	78.51	58.32	10.57	8.77	4.28
Revenue	2,854	2,651	2,369	2,037	1,578	904.79
Revenue Growth (YoY)	12.36%	11.91%	16.31%	29.10%	74.37%	21.79%
Cost of Revenue	1,893	1,787	1,594	1,343	1,090	618.82
Gross Profit	960.63	864.68	774.86	693.75	487.64	285.98
Selling, General & Admin	497	458.05	413.27	368.95	196.75	78.56
Research & Development	56.74	52.99	46.75	43.31	39.82	31.78
Other Operating Expenses	28.67	18.98	17.71	15.95	10.39	5.84
Operating Expenses	589.97	536.63	480.78	431.67	249.17	117.85
Operating Income	370.66	328.05	294.08	262.08	238.48	168.13
Interest Expense	-8.76	-7.04	-3.3	-4.22	-5.12	-4.4
Interest & Investment Income	7.25	8.87	4.96	3.79	4.31	0.95
Currency Exchange Gain (Loss)	0.64	0.64	1.46	-	-0.02	1.95
Other Non Operating Income (Expenses)	-0.71	-0.38	-0.14	0.56	-0.1	-0.07
EBT Excluding Unusual Items	369.08	330.13	297.07	262.21	237.54	166.55
Gain (Loss) on Sale of Investments	0.98	-	-0.17	-	-	-
Gain (Loss) on Sale of Assets	0.08	-0.15	85.25	0.05	0.12	0.03
Asset Writedown	1.79	-	-	-0.02	-0	-
Other Unusual Items	23.6	23.75	27.36	33.04	10.83	4.9
Pretax Income	395.53	353.73	409.51	295.28	248.49	171.48
Income Tax Expense	110.28	86.37	98.27	64.78	53.7	37.36
Earnings From Continuing Operations	285.24	267.36	311.24	230.5	194.79	134.12
Minority Interest in Earnings	-33.63	-34.12	-10.2	-15.13	-9.38	0
Net Income	251.61	233.24	301.04	215.36	185.41	134.12
Net Income to Common	251.61	233.24	301.04	215.36	185.41	134.12
Net Income Growth	7.74%	-22.52%	39.78%	16.15%	38.24%	64.57%
Shares Outstanding (Basic)	399	402	401	378	357	362
Shares Outstanding (Diluted)	399	402	401	378	357	362
Shares Change (YoY)	-0.85%	0.19%	6.23%	5.96%	-1.64%	-
EPS (Basic)	0.63	0.58	0.75	0.57	0.52	0.37
EPS (Diluted)	0.63	0.58	0.75	0.57	0.52	0.37
EPS Growth	8.66%	-22.67%	31.58%	9.62%	40.54%	-
Free Cash Flow	126.5	155.81	-59.07	181.61	25.06	11.88
Free Cash Flow Per Share	0.32	0.39	-0.15	0.48	0.07	0.03
Dividend Per Share	0.390	0.400	0.375	0.250	-	-
Dividend Growth	-25.71%	6.67%	50.00%	-	-	-
Gross Margin	33.66%	32.61%	32.71%	34.06%	30.91%	31.61%
Operating Margin	12.99%	12.37%	12.41%	12.87%	15.12%	18.58%
Profit Margin	8.82%	8.80%	12.71%	10.57%	11.75%	14.82%
Free Cash Flow Margin	4.43%	5.88%	-2.49%	8.92%	1.59%	1.31%
EBITDA	415.5	374.5	342.66	302.34	261.63	173.43
EBITDA Margin	14.56%	14.12%	14.46%	14.84%	16.58%	19.17%
D&A For EBITDA	44.85	46.45	48.59	40.26	23.16	5.3
EBIT	370.66	328.05	294.08	262.08	238.48	168.13
EBIT Margin	12.99%	12.37%	12.41%	12.87%	15.12%	18.58%
Effective Tax Rate	27.88%	24.42%	24.00%	21.94%	21.61%	21.79%
Revenue as Reported	2,854	2,651	2,369	2,037	1,578	904.79
Advertising Expenses	-	315.47	283.43	262.43	111.67	2.24

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