SHA:603331 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	1,487	1,494	1,402	1,254	1,188	946.7
Other Revenue	40.96	40.96	36.86	32.97	30.75	20.89
Revenue	1,528	1,535	1,439	1,287	1,218	967.59
Revenue Growth (YoY)	5.42%	6.63%	11.79%	5.66%	25.93%	13.55%
Cost of Revenue	1,231	1,234	1,114	1,047	966.73	730.08
Gross Profit	297.26	300.67	325.46	240.31	251.73	237.51
Selling, General & Admin	120.27	129.26	101.06	84.73	73.61	84.34
Research & Development	51.02	48.77	43.31	45.32	37.42	28.05
Other Operating Expenses	7.96	3.09	12.15	10.72	8.63	6.37
Operating Expenses	181.31	187.68	159.46	141.7	119.93	124.39
Operating Income	115.95	113	165.99	98.61	131.8	113.13
Interest Expense	-41.19	-34.85	-19.1	-32.32	-31.54	-28.4
Interest & Investment Income	2.1	2.93	2.9	1.06	2.29	4.98
Currency Exchange Gain (Loss)	1.43	1.43	4.9	7.63	-5.57	-0.61
Other Non Operating Income (Expenses)	8.39	-0.38	-0.23	-1.45	-0.54	-0.43
EBT Excluding Unusual Items	86.69	82.12	154.47	73.54	96.45	88.66
Gain (Loss) on Sale of Investments	-4.92	-4.13	-7.95	-3.82	1.67	-2.35
Gain (Loss) on Sale of Assets	-1.15	-0.88	-0.64	-0.18	0.52	0.04
Asset Writedown	-18.24	-77.94	-7.36	-0.94	-0.18	-
Other Unusual Items	3.42	3.98	4.69	12.05	9.43	12.34
Pretax Income	65.79	3.15	143.21	80.64	107.9	98.69
Income Tax Expense	1.94	-14.54	26.97	15.16	17.12	17.7
Earnings From Continuing Operations	63.84	17.69	116.23	65.48	90.78	80.98
Minority Interest in Earnings	7.49	15.32	2.67	1.88	1.05	0.51
Net Income	71.34	33.02	118.9	67.36	91.83	81.49
Net Income to Common	71.34	33.02	118.9	67.36	91.83	81.49
Net Income Growth	64.22%	-72.23%	76.53%	-26.65%	12.70%	9.06%
Shares Outstanding (Basic)	205	201	195	177	177	177
Shares Outstanding (Diluted)	205	201	195	177	177	177
Shares Change (YoY)	4.63%	3.35%	9.97%	0.37%	-0.31%	-0.42%
EPS (Basic)	0.35	0.16	0.61	0.38	0.52	0.46
EPS (Diluted)	0.34	0.16	0.61	0.38	0.52	0.46
EPS Growth	55.23%	-73.77%	60.53%	-26.92%	13.04%	9.52%
Free Cash Flow	107.34	-328.45	-78.43	37.42	-224.53	-280.02
Free Cash Flow Per Share	0.52	-1.63	-0.40	0.21	-1.27	-1.58
Dividend Per Share	0.080	0.080	0.200	0.250	0.250	0.200
Dividend Growth	-60.00%	-60.00%	-20.00%	-	25.00%	18.62%
Gross Margin	19.45%	19.59%	22.61%	18.67%	20.66%	24.55%
Operating Margin	7.59%	7.36%	11.53%	7.66%	10.82%	11.69%
Profit Margin	4.67%	2.15%	8.26%	5.23%	7.54%	8.42%
Free Cash Flow Margin	7.02%	-21.40%	-5.45%	2.91%	-18.43%	-28.94%
EBITDA	255.74	237.47	270.05	200.52	218.75	177.73
EBITDA Margin	16.73%	15.47%	18.76%	15.57%	17.95%	18.37%
D&A For EBITDA	139.79	124.48	104.06	101.91	86.95	64.6
EBIT	115.95	113	165.99	98.61	131.8	113.13
EBIT Margin	7.59%	7.36%	11.53%	7.66%	10.82%	11.69%
Effective Tax Rate	2.96%	-	18.83%	18.80%	15.86%	17.94%
Revenue as Reported	1,528	1,535	1,439	1,287	1,218	967.59

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