SHA:603439 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	1,735	2,144	1,634	1,201	938.84	630.15
Other Revenue	0.55	0.55	0.51	0.33	0.13	0.08
Revenue	1,736	2,144	1,635	1,201	938.97	630.22
Revenue Growth (YoY)	-17.84%	31.16%	36.10%	27.94%	48.99%	-28.69%
Cost of Revenue	533.89	652.98	437.99	339.52	277.07	208.98
Gross Profit	1,202	1,491	1,197	861.8	661.89	421.25
Selling, General & Admin	972.89	1,089	879.21	618.01	492.75	304.23
Research & Development	36.06	46.5	30.61	17.86	7.68	5.63
Other Operating Expenses	17.13	17.31	16.6	11.01	8.56	5.38
Operating Expenses	1,024	1,163	929.77	657.18	509.98	316.38
Operating Income	178.1	328.34	267.22	204.62	151.92	104.87
Interest Expense	-11.82	-14.61	-4.13	-5.24	-8.34	-2.2
Interest & Investment Income	2.96	5.8	60.13	17.56	25.81	7.69
Other Non Operating Income (Expenses)	5.79	-0.37	1.89	-0.21	-0.09	-0.08
EBT Excluding Unusual Items	175.03	319.16	325.1	216.74	169.29	110.28
Impairment of Goodwill	-	-	-	-0.08	-	-
Gain (Loss) on Sale of Investments	-2.84	0.15	-	-0.09	-	-
Gain (Loss) on Sale of Assets	0.09	-0.17	0.59	-0.09	-0.15	-
Asset Writedown	-1.02	-0.57	-0.05	-0.1	-0.01	-
Other Unusual Items	13.15	6.47	8.38	6.18	7.51	-0.38
Pretax Income	184.41	325.03	334.02	222.56	176.65	109.9
Income Tax Expense	19.68	45.19	39.15	30.62	28.05	15.95
Earnings From Continuing Operations	164.73	279.84	294.87	191.94	148.6	93.95
Minority Interest in Earnings	-4.05	-5.81	-2.17	9.35	3.68	0
Net Income	160.68	274.03	292.7	201.28	152.28	93.95
Net Income to Common	160.68	274.03	292.7	201.28	152.28	93.95
Net Income Growth	-51.14%	-6.38%	45.42%	32.18%	62.08%	-29.40%
Shares Outstanding (Basic)	402	409	412	411	412	391
Shares Outstanding (Diluted)	402	409	412	411	412	391
Shares Change (YoY)	-3.85%	-0.79%	0.36%	-0.19%	5.14%	5.90%
EPS (Basic)	0.40	0.67	0.71	0.49	0.37	0.24
EPS (Diluted)	0.40	0.67	0.71	0.49	0.37	0.24
EPS Growth	-49.19%	-5.63%	44.90%	32.43%	54.17%	-33.33%
Free Cash Flow	37.3	61.87	167.97	173.38	128.96	11.54
Free Cash Flow Per Share	0.09	0.15	0.41	0.42	0.31	0.03
Dividend Per Share	0.340	0.340	0.200	0.100	-	0.250
Dividend Growth	70.00%	70.00%	100.00%	-	-	-
Gross Margin	69.24%	69.55%	73.21%	71.74%	70.49%	66.84%
Operating Margin	10.26%	15.31%	16.34%	17.03%	16.18%	16.64%
Profit Margin	9.26%	12.78%	17.90%	16.75%	16.22%	14.91%
Free Cash Flow Margin	2.15%	2.89%	10.27%	14.43%	13.73%	1.83%
EBITDA	280.21	402.3	303.64	220.44	163.09	112.98
EBITDA Margin	16.14%	18.76%	18.57%	18.35%	17.37%	17.93%
D&A For EBITDA	102.11	73.96	36.42	15.82	11.17	8.11
EBIT	178.1	328.34	267.22	204.62	151.92	104.87
EBIT Margin	10.26%	15.31%	16.34%	17.03%	16.18%	16.64%
Effective Tax Rate	10.67%	13.90%	11.72%	13.76%	15.88%	14.51%
Revenue as Reported	1,736	2,144	1,635	1,201	938.97	630.22
Advertising Expenses	-	1.47	1.78	2.29	0.01	0

Source: S&P Global Market Intelligence. Standard template. Financial Sources.