SHA:603235 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	2,198	2,181	1,851	2,253	2,466	2,265
Other Revenue	28	28	30.6	51.71	55.97	38.74
Revenue	2,226	2,209	1,882	2,305	2,522	2,304
Revenue Growth (YoY)	10.84%	17.35%	-18.34%	-8.63%	9.50%	13.76%
Cost of Revenue	1,248	1,288	1,174	1,450	1,432	1,054
Gross Profit	978.41	920.91	708.11	854.67	1,090	1,250
Selling, General & Admin	203.86	177.02	169.21	174.88	140.19	130.02
Research & Development	102.43	103.82	111.96	89.46	58.94	49.36
Other Operating Expenses	25.6	17.86	19.81	21.97	22.77	23.43
Operating Expenses	330.29	301.92	299.32	282.46	228.3	201.83
Operating Income	648.13	619	408.79	572.21	862.11	1,048
Interest Expense	-5.17	-2.48	-2.1	-6.93	-12.67	-13.06
Interest & Investment Income	43.29	64.81	76.54	22.88	4.34	13.2
Currency Exchange Gain (Loss)	54.19	54.19	31.24	82.37	-26.95	-78.04
Other Non Operating Income (Expenses)	-29.58	-1.25	0.32	-1.74	-1.61	-0.94
EBT Excluding Unusual Items	710.86	734.26	514.79	668.79	825.22	969.17
Gain (Loss) on Sale of Investments	2.7	2.24	-	4.33	-6.61	-
Gain (Loss) on Sale of Assets	-2.07	-1.07	-0.09	-1.07	-2.14	0.05
Asset Writedown	-9.38	-0.61	-0.19	-0.86	-	-3.29
Other Unusual Items	36.32	36.95	50.66	54.57	56.91	80.8
Pretax Income	738.43	771.77	565.17	725.76	873.37	1,047
Income Tax Expense	121.39	120.55	89.32	103.64	129.49	159.64
Net Income	617.04	651.22	475.85	622.12	743.89	887.09
Net Income to Common	617.04	651.22	475.85	622.12	743.89	887.09
Net Income Growth	10.69%	36.85%	-23.51%	-16.37%	-16.14%	21.90%
Shares Outstanding (Basic)	435	437	437	412	394	394
Shares Outstanding (Diluted)	435	437	437	412	394	394
Shares Change (YoY)	-0.18%	0.11%	5.96%	4.68%	-0.10%	-
EPS (Basic)	1.42	1.49	1.09	1.51	1.89	2.25
EPS (Diluted)	1.42	1.49	1.09	1.51	1.89	2.25
EPS Growth	10.89%	36.70%	-27.82%	-20.11%	-16.00%	21.82%
Free Cash Flow	-235.15	-567.3	193.61	346.11	603.13	860.63
Free Cash Flow Per Share	-0.54	-1.30	0.44	0.84	1.53	2.18
Dividend Per Share	0.680	0.680	0.500	0.710	-	-
Dividend Growth	36.00%	36.00%	-29.58%	-	-	-
Gross Margin	43.95%	41.70%	37.63%	37.08%	43.23%	54.26%
Operating Margin	29.12%	28.03%	21.72%	24.83%	34.18%	45.50%
Profit Margin	27.72%	29.49%	25.29%	26.99%	29.49%	38.51%
Free Cash Flow Margin	-10.56%	-25.69%	10.29%	15.02%	23.91%	37.36%
EBITDA	810.53	770.02	544.64	695.81	969.57	1,137
EBITDA Margin	36.41%	34.87%	28.94%	30.19%	38.44%	49.37%
D&A For EBITDA	162.4	151.02	135.85	123.6	107.46	89.33
EBIT	648.13	619	408.79	572.21	862.11	1,048
EBIT Margin	29.12%	28.03%	21.72%	24.83%	34.18%	45.50%
Effective Tax Rate	16.44%	15.62%	15.80%	14.28%	14.83%	15.25%
Revenue as Reported	2,226	2,209	1,882	2,305	2,522	-

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