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	2018 - 2019
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	2018 - 2019
Operating Revenue	2,198	2,181	1,851	2,253	2,466	2,265	Upgrade
Other Revenue	28	28	30.6	51.71	55.97	38.74	Upgrade
Revenue	2,226	2,209	1,882	2,305	2,522	2,304	Upgrade
Revenue Growth (YoY)	10.84%	17.35%	-18.34%	-8.63%	9.50%	13.76%	Upgrade
Cost of Revenue	1,248	1,288	1,174	1,450	1,432	1,054	Upgrade
Gross Profit	978.41	920.91	708.11	854.67	1,090	1,250	Upgrade
Selling, General & Admin	203.86	177.02	169.21	174.88	140.19	130.02	Upgrade
Research & Development	102.43	103.82	111.96	89.46	58.94	49.36	Upgrade
Other Operating Expenses	25.6	17.86	19.81	21.97	22.77	23.43	Upgrade
Operating Expenses	330.29	301.92	299.32	282.46	228.3	201.83	Upgrade
Operating Income	648.13	619	408.79	572.21	862.11	1,048	Upgrade
Interest Expense	-5.17	-2.48	-2.1	-6.93	-12.67	-13.06	Upgrade
Interest & Investment Income	43.29	64.81	76.54	22.88	4.34	13.2	Upgrade
Currency Exchange Gain (Loss)	54.19	54.19	31.24	82.37	-26.95	-78.04	Upgrade
Other Non Operating Income (Expenses)	-29.58	-1.25	0.32	-1.74	-1.61	-0.94	Upgrade
EBT Excluding Unusual Items	710.86	734.26	514.79	668.79	825.22	969.17	Upgrade
Gain (Loss) on Sale of Investments	2.7	2.24	-	4.33	-6.61	-	Upgrade
Gain (Loss) on Sale of Assets	-2.07	-1.07	-0.09	-1.07	-2.14	0.05	Upgrade
Asset Writedown	-9.38	-0.61	-0.19	-0.86	-	-3.29	Upgrade
Other Unusual Items	36.32	36.95	50.66	54.57	56.91	80.8	Upgrade
Pretax Income	738.43	771.77	565.17	725.76	873.37	1,047	Upgrade
Income Tax Expense	121.39	120.55	89.32	103.64	129.49	159.64	Upgrade
Net Income	617.04	651.22	475.85	622.12	743.89	887.09	Upgrade
Net Income to Common	617.04	651.22	475.85	622.12	743.89	887.09	Upgrade
Net Income Growth	10.69%	36.85%	-23.51%	-16.37%	-16.14%	21.90%	Upgrade
Shares Outstanding (Basic)	435	437	437	412	394	394	Upgrade
Shares Outstanding (Diluted)	435	437	437	412	394	394	Upgrade
Shares Change (YoY)	-0.18%	0.11%	5.96%	4.68%	-0.10%	-	Upgrade
EPS (Basic)	1.42	1.49	1.09	1.51	1.89	2.25	Upgrade
EPS (Diluted)	1.42	1.49	1.09	1.51	1.89	2.25	Upgrade
EPS Growth	10.89%	36.70%	-27.82%	-20.11%	-16.00%	21.82%	Upgrade
Free Cash Flow	-235.15	-567.3	193.61	346.11	603.13	860.63	Upgrade
Free Cash Flow Per Share	-0.54	-1.30	0.44	0.84	1.53	2.18	Upgrade
Dividend Per Share	0.680	0.680	0.500	0.710	-	-	Upgrade
Dividend Growth	36.00%	36.00%	-29.58%	-	-	-	Upgrade
Gross Margin	43.95%	41.70%	37.63%	37.08%	43.23%	54.26%	Upgrade
Operating Margin	29.12%	28.03%	21.72%	24.83%	34.18%	45.50%	Upgrade
Profit Margin	27.72%	29.49%	25.29%	26.99%	29.49%	38.51%	Upgrade
Free Cash Flow Margin	-10.56%	-25.69%	10.29%	15.02%	23.91%	37.36%	Upgrade
EBITDA	810.53	770.02	544.64	695.81	969.57	1,137	Upgrade
EBITDA Margin	36.41%	34.87%	28.94%	30.19%	38.44%	49.37%	Upgrade
D&A For EBITDA	162.4	151.02	135.85	123.6	107.46	89.33	Upgrade
EBIT	648.13	619	408.79	572.21	862.11	1,048	Upgrade
EBIT Margin	29.12%	28.03%	21.72%	24.83%	34.18%	45.50%	Upgrade
Effective Tax Rate	16.44%	15.62%	15.80%	14.28%	14.83%	15.25%	Upgrade
Revenue as Reported	2,226	2,209	1,882	2,305	2,522	-	Upgrade

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