SHA:603181 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	2,429	2,332	1,892	2,180	2,332	1,934
Other Revenue	1.2	1.2	2.05	2	4.49	12.33
Revenue	2,431	2,333	1,894	2,182	2,336	1,946
Revenue Growth (YoY)	9.95%	23.17%	-13.21%	-6.60%	20.06%	2.75%
Cost of Revenue	1,800	1,751	1,429	1,672	1,842	1,514
Gross Profit	630.12	582.25	465.02	510	494.13	432.6
Selling, General & Admin	71.71	64.84	60.72	61.43	60.56	78.1
Research & Development	95.45	88.4	76.19	100.49	91.86	75.48
Other Operating Expenses	-11.64	6.04	-1.17	9.34	10.13	8.7
Operating Expenses	158.93	164.31	132.55	174.53	162.03	164.13
Operating Income	471.2	417.95	332.47	335.47	332.1	268.47
Interest Expense	-3.58	-11.69	-16.4	-11.35	-1.81	-0.92
Interest & Investment Income	7.23	18.19	15.73	16.84	7.83	4.96
Currency Exchange Gain (Loss)	4.32	4.32	2.33	16.83	-2.33	-3.78
Other Non Operating Income (Expenses)	-0.46	-0.3	-0.34	-0.41	-0.46	-0.31
EBT Excluding Unusual Items	478.72	428.47	333.79	357.38	335.33	268.42
Merger & Restructuring Charges	-	-	-	-10.51	-12.2	-
Gain (Loss) on Sale of Investments	-0.95	-10.55	5.69	5.21	20.88	29.66
Gain (Loss) on Sale of Assets	0.03	-0.02	-0.02	22.05	130.32	0.05
Asset Writedown	-1.07	-0.01	-	-	-	-0.98
Other Unusual Items	37.46	37.46	31.38	167.24	38.89	68.29
Pretax Income	514.19	455.35	370.84	541.36	513.21	365.44
Income Tax Expense	64.59	57.57	46.11	64.22	64.81	45.18
Net Income	449.6	397.78	324.73	477.14	448.4	320.26
Net Income to Common	449.6	397.78	324.73	477.14	448.4	320.26
Net Income Growth	19.70%	22.50%	-31.94%	6.41%	40.01%	25.02%
Shares Outstanding (Basic)	577	568	570	582	590	582
Shares Outstanding (Diluted)	577	568	570	582	590	582
Shares Change (YoY)	3.00%	-0.25%	-2.09%	-1.38%	1.32%	-1.23%
EPS (Basic)	0.78	0.70	0.57	0.82	0.76	0.55
EPS (Diluted)	0.78	0.70	0.57	0.82	0.76	0.55
EPS Growth	16.21%	22.81%	-30.49%	7.90%	38.18%	26.58%
Free Cash Flow	55.56	-158.19	121.64	265.15	-168.11	-24.26
Free Cash Flow Per Share	0.10	-0.28	0.21	0.46	-0.28	-0.04
Dividend Per Share	0.210	0.210	0.150	-	0.100	-
Dividend Growth	40.00%	40.00%	-	-	-	-
Gross Margin	25.93%	24.96%	24.55%	23.37%	21.15%	22.23%
Operating Margin	19.39%	17.91%	17.55%	15.37%	14.21%	13.79%
Profit Margin	18.50%	17.05%	17.14%	21.86%	19.19%	16.46%
Free Cash Flow Margin	2.29%	-6.78%	6.42%	12.15%	-7.20%	-1.25%
EBITDA	603.92	540.85	442.27	427	417.06	352.21
EBITDA Margin	24.85%	23.18%	23.35%	19.57%	17.85%	18.10%
D&A For EBITDA	132.72	122.9	109.8	91.53	84.95	83.74
EBIT	471.2	417.95	332.47	335.47	332.1	268.47
EBIT Margin	19.39%	17.91%	17.55%	15.37%	14.21%	13.79%
Effective Tax Rate	12.56%	12.64%	12.43%	11.86%	12.63%	12.36%
Revenue as Reported	2,431	2,333	1,894	2,182	2,336	1,946

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