SHA:603200 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	461.05	481.72	541.18	604.9	558.29	528.69
Other Revenue	28.3	28.3	0.25	0.08	1.64	1.4
Revenue	489.35	510.02	541.44	604.98	559.94	530.09
Revenue Growth (YoY)	-8.58%	-5.80%	-10.50%	8.04%	5.63%	-9.17%
Cost of Revenue	333.12	329.72	356.57	432.57	399.52	400.39
Gross Profit	156.23	180.3	184.87	172.41	160.42	129.7
Selling, General & Admin	90.31	92.47	86.31	86.89	81.12	67.66
Research & Development	42.16	45.25	38.27	37.35	35.87	29.51
Other Operating Expenses	-2.05	-0.47	-3.03	-3.78	-2.91	-4.16
Operating Expenses	145.84	144.04	148.1	131.35	127.17	95.48
Operating Income	10.4	36.26	36.77	41.06	33.25	34.23
Interest Expense	-11.75	-10.57	-8.14	-6.33	-6.92	-6.19
Interest & Investment Income	137.26	12.45	10.53	11.68	10.56	11.05
Currency Exchange Gain (Loss)	0.18	0.18	0.84	4	-0.85	-1.78
Other Non Operating Income (Expenses)	-34.97	-1.79	2.02	-1.02	3.67	0.39
EBT Excluding Unusual Items	101.12	36.53	42.01	49.38	39.7	37.69
Impairment of Goodwill	-	-	-	-8.48	-	-
Gain (Loss) on Sale of Investments	0.02	0.02	0.73	-0.43	-	-
Gain (Loss) on Sale of Assets	0.34	0.11	-0.18	0.02	0.74	-0.01
Other Unusual Items	4.57	4.57	1.51	2.53	-0.13	-0.12
Pretax Income	114.01	41.22	44.07	43.04	40.32	37.57
Income Tax Expense	6.31	4.43	4.23	3.9	1.24	5.18
Earnings From Continuing Operations	107.7	36.8	39.84	39.14	39.08	32.39
Minority Interest in Earnings	6.31	6.16	-0.87	3.13	1.95	2.51
Net Income	114.01	42.95	38.97	42.27	41.03	34.9
Net Income to Common	114.01	42.95	38.97	42.27	41.03	34.9
Net Income Growth	127.18%	10.21%	-7.80%	3.02%	17.58%	-14.16%
Shares Outstanding (Basic)	176	175	174	176	171	172
Shares Outstanding (Diluted)	176	175	174	176	171	172
Shares Change (YoY)	0.42%	0.55%	-1.08%	3.02%	-0.59%	-1.89%
EPS (Basic)	0.65	0.25	0.22	0.24	0.24	0.20
EPS (Diluted)	0.65	0.25	0.22	0.24	0.24	0.20
EPS Growth	126.24%	9.61%	-6.79%	-	18.29%	-12.50%
Free Cash Flow	31.16	-74.17	-2.92	71.73	12.42	-156.3
Free Cash Flow Per Share	0.18	-0.42	-0.02	0.41	0.07	-0.91
Dividend Per Share	0.090	0.090	0.070	0.075	0.072	0.064
Dividend Growth	28.57%	28.57%	-6.30%	3.05%	13.64%	-
Gross Margin	31.93%	35.35%	34.14%	28.50%	28.65%	24.47%
Operating Margin	2.12%	7.11%	6.79%	6.79%	5.94%	6.46%
Profit Margin	23.30%	8.42%	7.20%	6.99%	7.33%	6.58%
Free Cash Flow Margin	6.37%	-14.54%	-0.54%	11.86%	2.22%	-29.48%
EBITDA	38.83	59.76	53.7	55.56	43.86	44.23
EBITDA Margin	7.94%	11.72%	9.92%	9.18%	7.83%	8.34%
D&A For EBITDA	28.43	23.5	16.93	14.51	10.61	10
EBIT	10.4	36.26	36.77	41.06	33.25	34.23
EBIT Margin	2.12%	7.11%	6.79%	6.79%	5.94%	6.46%
Effective Tax Rate	5.54%	10.74%	9.59%	9.06%	3.07%	13.79%
Revenue as Reported	489.35	510.02	541.44	604.98	559.94	530.09
Advertising Expenses	-	0.32	0.11	0.3	0.06	0.09

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