SHA:603173 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	2,888	2,401	2,146	1,873	1,441	1,070
Other Revenue	18.21	18.21	9.79	13.26	5.27	7.88
Revenue	2,906	2,419	2,156	1,886	1,447	1,078
Revenue Growth (YoY)	25.89%	12.20%	14.30%	30.37%	34.19%	50.01%
Cost of Revenue	2,186	1,882	1,720	1,510	1,110	775.52
Gross Profit	720.24	537.16	435.83	376.08	336.66	302.56
Selling, General & Admin	104.05	91.67	81.33	74.93	69.17	50.72
Research & Development	115.66	96.66	98.06	90.17	72.95	58.45
Other Operating Expenses	15.48	1.78	6.57	7.31	4.88	8.73
Operating Expenses	312.33	271.5	266.19	242.7	190	139.89
Operating Income	407.91	265.67	169.64	133.38	146.66	162.67
Interest Expense	-0.16	-1.48	-3.74	-4.17	-2.79	-4.66
Interest & Investment Income	28.3	36.45	32.94	6.81	24.78	3.34
Currency Exchange Gain (Loss)	-4.29	-4.29	9.11	0.95	-3.25	-6.59
Other Non Operating Income (Expenses)	15.01	-3.45	-1.56	-1.38	-0.48	0.46
EBT Excluding Unusual Items	446.77	292.9	206.4	135.59	164.92	155.23
Gain (Loss) on Sale of Investments	3.18	4.53	0.22	-0.79	0.46	-1.94
Gain (Loss) on Sale of Assets	-0.01	0.01	-0	0	-0.01	0.21
Asset Writedown	-1.29	-5.64	-3.04	-0	-0.94	-0.13
Other Unusual Items	0.2	1.22	6.18	9.37	7.66	10.67
Pretax Income	448.85	293.03	209.76	144.16	172.09	164.04
Income Tax Expense	50.46	31.86	18.61	2.22	11.92	19.28
Net Income	398.4	261.16	191.15	141.94	160.17	144.76
Net Income to Common	398.4	261.16	191.15	141.94	160.17	144.76
Net Income Growth	55.98%	36.63%	34.67%	-11.38%	10.65%	104.41%
Shares Outstanding (Basic)	159	160	157	120	120	120
Shares Outstanding (Diluted)	159	160	157	120	120	120
Shares Change (YoY)	-0.32%	2.26%	30.25%	-0.12%	0.36%	-
EPS (Basic)	2.50	1.63	1.22	1.18	1.33	1.21
EPS (Diluted)	2.50	1.63	1.22	1.18	1.33	1.21
EPS Growth	56.48%	33.61%	3.39%	-11.28%	10.25%	104.46%
Free Cash Flow	1,104	291.07	403.22	-35.47	-35.15	-0.43
Free Cash Flow Per Share	6.94	1.82	2.57	-0.29	-0.29	-0.00
Dividend Per Share	0.500	0.500	0.370	0.140	0.160	-
Dividend Growth	35.13%	35.13%	164.29%	-12.50%	-	-
Gross Margin	24.78%	22.21%	20.22%	19.94%	23.27%	28.06%
Operating Margin	14.04%	10.98%	7.87%	7.07%	10.14%	15.09%
Profit Margin	13.71%	10.80%	8.87%	7.53%	11.07%	13.43%
Free Cash Flow Margin	37.98%	12.03%	18.70%	-1.88%	-2.43%	-0.04%
EBITDA	451.56	302.1	196.46	156.11	168.98	174.15
EBITDA Margin	15.54%	12.49%	9.11%	8.28%	11.68%	16.15%
D&A For EBITDA	43.65	36.44	26.82	22.73	22.31	11.48
EBIT	407.91	265.67	169.64	133.38	146.66	162.67
EBIT Margin	14.04%	10.98%	7.87%	7.07%	10.14%	15.09%
Effective Tax Rate	11.24%	10.87%	8.87%	1.54%	6.93%	11.76%
Revenue as Reported	2,906	2,419	2,156	1,886	1,447	1,078
Advertising Expenses	-	3.59	6.31	0.74	0.5	0.95

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