SHA:603280 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	984.29	987.72	1,125	1,200	1,264	1,123
Other Revenue	13.65	13.65	16.09	17.47	19.95	18
Revenue	997.94	1,001	1,141	1,217	1,284	1,141
Revenue Growth (YoY)	-6.68%	-12.23%	-6.27%	-5.23%	12.53%	13.70%
Cost of Revenue	706.74	734.95	861.55	947.75	948.65	811.53
Gross Profit	291.21	266.43	279.39	269.52	335.77	329.85
Selling, General & Admin	123.96	110.14	93.75	100.43	102.6	111.68
Research & Development	88.48	82.82	73.46	64.24	72.97	55.88
Other Operating Expenses	3.92	7	5.56	9.42	8.71	7.9
Operating Expenses	219.37	199.5	174.17	170.64	184.16	175.43
Operating Income	71.83	66.93	105.23	98.88	151.62	154.42
Interest Expense	-0.07	-0.2	-0.3	-0.08	-0.11	-0.16
Interest & Investment Income	14.05	17.79	18.72	4.96	5.99	3.45
Currency Exchange Gain (Loss)	0.55	0.55	0.92	5.03	0.39	-0.45
Other Non Operating Income (Expenses)	-6.31	-0.77	-0.42	-0.14	0.49	2.08
EBT Excluding Unusual Items	80.06	84.3	124.14	108.65	158.38	159.35
Gain (Loss) on Sale of Investments	1.67	1.24	0.48	1.11	1.51	0.71
Gain (Loss) on Sale of Assets	-0.04	-0.17	0.17	-0.01	0.08	0.01
Asset Writedown	-9.18	-	-	-	-0.88	-0.01
Other Unusual Items	15.38	11.79	7.28	15.95	13.34	7.28
Pretax Income	87.89	97.16	132.06	125.71	172.42	167.33
Income Tax Expense	4.35	6.37	11.65	11.29	16.92	21.14
Earnings From Continuing Operations	83.54	90.8	120.42	114.41	155.49	146.19
Minority Interest in Earnings	-	-	-	-	-	-1.33
Net Income	83.54	90.8	120.42	114.41	155.49	144.86
Net Income to Common	83.54	90.8	120.42	114.41	155.49	144.86
Net Income Growth	-26.90%	-24.60%	5.25%	-26.42%	7.34%	354.53%
Shares Outstanding (Basic)	108	108	108	84	81	81
Shares Outstanding (Diluted)	108	108	108	84	81	81
Shares Change (YoY)	0.55%	-0.36%	29.90%	2.58%	0.04%	0.09%
EPS (Basic)	0.77	0.84	1.11	1.37	1.91	1.78
EPS (Diluted)	0.77	0.84	1.11	1.37	1.91	1.78
EPS Growth	-27.30%	-24.32%	-18.98%	-28.27%	7.30%	354.10%
Free Cash Flow	171.79	19.36	61.27	-5.47	67.56	129.59
Free Cash Flow Per Share	1.58	0.18	0.56	-0.07	0.83	1.59
Dividend Per Share	0.260	0.260	0.340	0.320	-	-
Dividend Growth	-23.53%	-23.53%	6.25%	-	-	-
Gross Margin	29.18%	26.61%	24.49%	22.14%	26.14%	28.90%
Operating Margin	7.20%	6.68%	9.22%	8.12%	11.80%	13.53%
Profit Margin	8.37%	9.07%	10.55%	9.40%	12.11%	12.69%
Free Cash Flow Margin	17.21%	1.93%	5.37%	-0.45%	5.26%	11.35%
EBITDA	89.33	83.35	120.2	113.52	166.53	168.89
EBITDA Margin	8.95%	8.32%	10.54%	9.33%	12.96%	14.80%
D&A For EBITDA	17.5	16.42	14.98	14.64	14.91	14.47
EBIT	71.83	66.93	105.23	98.88	151.62	154.42
EBIT Margin	7.20%	6.68%	9.22%	8.12%	11.80%	13.53%
Effective Tax Rate	4.95%	6.55%	8.82%	8.98%	9.82%	12.63%
Revenue as Reported	997.94	1,001	1,141	1,217	1,284	1,141
Advertising Expenses	-	13	6.34	6.24	8.03	19.09

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