SHA:603181 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	2,457	2,403	2,332	1,892	2,180	2,332
Other Revenue	1.07	1.07	1.2	2.05	2	4.49
Revenue	2,458	2,404	2,333	1,894	2,182	2,336
Revenue Growth (YoY)	2.22%	3.06%	23.17%	-13.21%	-6.60%	20.06%
Cost of Revenue	1,803	1,775	1,751	1,429	1,672	1,842
Gross Profit	654.59	628.92	582.25	465.02	510	494.13
Selling, General & Admin	89.85	84.43	64.84	60.72	61.43	60.56
Research & Development	102.29	96.99	88.4	76.19	100.49	91.86
Other Operating Expenses	-5.98	0	6.04	-1.17	9.34	10.13
Operating Expenses	187.92	181.56	164.31	132.55	174.53	162.03
Operating Income	466.67	447.36	417.95	332.47	335.47	332.1
Interest Expense	-0.52	-1.6	-11.69	-16.4	-11.35	-1.81
Interest & Investment Income	6.62	6.57	18.19	15.73	16.84	7.83
Currency Exchange Gain (Loss)	1.25	1.25	4.32	2.33	16.83	-2.33
Other Non Operating Income (Expenses)	-5.34	-0.29	-0.3	-0.34	-0.41	-0.46
EBT Excluding Unusual Items	468.68	453.29	428.47	333.79	357.38	335.33
Merger & Restructuring Charges	-	-	-	-	-10.51	-12.2
Gain (Loss) on Sale of Investments	-4.15	-1.02	-10.55	5.69	5.21	20.88
Gain (Loss) on Sale of Assets	0	0	-0.03	-0.02	22.05	130.32
Other Unusual Items	46.14	45.77	37.46	31.38	167.24	38.89
Pretax Income	510.67	498.04	455.35	370.84	541.36	513.21
Income Tax Expense	63.42	61.44	57.57	46.11	64.22	64.81
Net Income	447.26	436.61	397.78	324.73	477.14	448.4
Net Income to Common	447.26	436.61	397.78	324.73	477.14	448.4
Net Income Growth	8.65%	9.76%	22.50%	-31.94%	6.41%	40.01%
Shares Outstanding (Basic)	581	574	568	570	582	590
Shares Outstanding (Diluted)	581	574	568	570	582	590
Shares Change (YoY)	1.54%	1.10%	-0.25%	-2.09%	-1.38%	1.32%
EPS (Basic)	0.77	0.76	0.70	0.57	0.82	0.76
EPS (Diluted)	0.77	0.76	0.70	0.57	0.82	0.76
EPS Growth	7.00%	8.57%	22.81%	-30.49%	7.90%	38.18%
Free Cash Flow	107.43	165.68	-158.19	121.64	265.15	-168.11
Free Cash Flow Per Share	0.18	0.29	-0.28	0.21	0.46	-0.28
Dividend Per Share	0.225	0.225	0.210	0.150	-	0.100
Dividend Growth	7.14%	7.14%	40.00%	-	-	-
Gross Margin	26.63%	26.16%	24.96%	24.55%	23.37%	21.15%
Operating Margin	18.99%	18.61%	17.91%	17.55%	15.37%	14.21%
Profit Margin	18.20%	18.16%	17.05%	17.14%	21.86%	19.19%
Free Cash Flow Margin	4.37%	6.89%	-6.78%	6.42%	12.15%	-7.20%
EBITDA	599.5	578.46	542.09	442.27	427	417.06
EBITDA Margin	24.39%	24.06%	23.24%	23.35%	19.57%	17.85%
D&A For EBITDA	132.83	131.1	124.14	109.8	91.53	84.95
EBIT	466.67	447.36	417.95	332.47	335.47	332.1
EBIT Margin	18.99%	18.61%	17.91%	17.55%	15.37%	14.21%
Effective Tax Rate	12.42%	12.34%	12.64%	12.43%	11.86%	12.63%
Revenue as Reported	2,458	2,404	2,333	1,894	2,182	2,336

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