SHA:603220 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	3,069	2,957	2,850	2,630	2,621	2,060
Other Revenue	26.85	26.85	11.54	12.94	19.97	6.26
Revenue	3,096	2,984	2,862	2,643	2,641	2,067
Revenue Growth (YoY)	0.59%	4.28%	8.28%	0.06%	27.82%	12.82%
Cost of Revenue	2,533	2,415	2,395	2,195	2,115	1,756
Gross Profit	562.44	569.17	466.78	448.2	526.11	310.95
Selling, General & Admin	172.52	160.4	165.89	164.47	172.37	160.28
Research & Development	99.98	97.34	97.58	110.35	109.2	65.35
Other Operating Expenses	9.06	7.92	9.47	10.79	11.84	10.98
Operating Expenses	317.2	286.69	286.1	314.54	300.97	258.38
Operating Income	245.23	282.48	180.68	133.67	225.14	52.57
Interest Expense	-150.98	-126.94	-39.06	-26.16	-11.95	-10.35
Interest & Investment Income	17.3	17.13	6.37	11.58	8.25	17.39
Earnings From Equity Investments	-4.43	-4.43	-0.86	-	-	-
Currency Exchange Gain (Loss)	1.28	1.28	-0.58	-2.78	-0.29	0.41
Other Non Operating Income (Expenses)	-21.81	-7.5	7.62	-0.96	-2.84	-0.6
EBT Excluding Unusual Items	86.59	162.02	154.17	115.34	218.31	59.42
Gain (Loss) on Sale of Assets	1.32	1.03	0.8	-1.86	-0.06	-0.21
Asset Writedown	2.7	-	-	-	-	-
Other Unusual Items	1.1	0.82	5.4	5.92	5.89	10.67
Pretax Income	94.24	163.87	160.37	119.4	224.14	69.89
Income Tax Expense	12.73	16.56	14.82	8.35	22.61	2.01
Earnings From Continuing Operations	81.51	147.31	145.55	111.05	201.52	67.88
Net Income to Company	81.51	147.31	145.55	111.05	201.52	67.88
Minority Interest in Earnings	3.83	-2.53	-1.72	-2.26	-19.87	-10.95
Net Income	85.34	144.78	143.83	108.79	181.65	56.93
Net Income to Common	85.34	144.78	143.83	108.79	181.65	56.93
Net Income Growth	-54.50%	0.66%	32.21%	-40.11%	219.08%	-62.67%
Shares Outstanding (Basic)	468	434	434	434	439	439
Shares Outstanding (Diluted)	468	434	434	438	439	439
Shares Change (YoY)	17.43%	0.11%	-0.93%	-0.26%	0.04%	-0.03%
EPS (Basic)	0.18	0.33	0.33	0.25	0.41	0.13
EPS (Diluted)	0.18	0.33	0.33	0.25	0.41	0.13
EPS Growth	-61.25%	0.54%	33.45%	-39.96%	218.97%	-62.66%
Free Cash Flow	89.27	-1,932	-715.43	-120.36	-9.12	82.16
Free Cash Flow Per Share	0.19	-4.45	-1.65	-0.28	-0.02	0.19
Dividend Per Share	0.110	0.110	0.115	0.108	0.123	0.054
Dividend Growth	-4.68%	-4.68%	7.15%	-12.51%	128.81%	-53.38%
Gross Margin	18.17%	19.07%	16.31%	16.96%	19.92%	15.05%
Operating Margin	7.92%	9.46%	6.31%	5.06%	8.52%	2.54%
Profit Margin	2.76%	4.85%	5.03%	4.12%	6.88%	2.76%
Free Cash Flow Margin	2.88%	-64.75%	-25.00%	-4.55%	-0.34%	3.98%
EBITDA	534.68	468.11	227.88	166.18	250.86	76.21
EBITDA Margin	17.27%	15.68%	7.96%	6.29%	9.50%	3.69%
D&A For EBITDA	289.45	185.63	47.2	32.52	25.72	23.64
EBIT	245.23	282.48	180.68	133.67	225.14	52.57
EBIT Margin	7.92%	9.46%	6.31%	5.06%	8.52%	2.54%
Effective Tax Rate	13.51%	10.11%	9.24%	6.99%	10.09%	2.87%
Revenue as Reported	3,096	2,984	2,862	2,643	2,641	2,067

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