SHA:603444 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	7,400	6,191	3,678	4,169	5,153	4,606
Other Revenue	13.32	13.32	18.02	16.19	14.25	12.56
Revenue	7,414	6,205	3,696	4,185	5,168	4,619
Revenue Growth	74.28%	67.89%	-11.69%	-19.02%	11.88%	68.44%
Cost of Revenue	419.39	378.4	448.48	479.91	582.14	698.42
Gross Profit	6,994	5,826	3,247	3,705	4,585	3,921
Selling, General & Admin	2,962	2,490	1,293	1,442	1,742	1,557
Research & Development	961.96	887.44	757.63	679.36	672.61	608.62
Other Operating Expenses	32.61	31.75	20.72	11.76	-3.85	-19.68
Operating Expenses	3,963	3,413	2,070	2,130	2,411	2,136
Operating Income	3,031	2,413	1,178	1,575	2,175	1,785
Interest Expense	-1.22	-1.34	-1.64	-1.56	-0.37	-1.01
Interest & Investment Income	184.42	168.15	174.12	131.47	151.14	418.6
Currency Exchange Gain (Loss)	-44.53	-44.53	34.91	31.51	172.72	-35.12
Other Non Operating Income (Expenses)	-55.59	1	-1.15	0.02	5.93	-1.86
EBT Excluding Unusual Items	3,114	2,536	1,384	1,737	2,504	2,165
Gain (Loss) on Sale of Investments	11.47	16.65	-61.19	-52.93	-170.38	-33.75
Gain (Loss) on Sale of Assets	0.24	0.07	0.02	0.33	-0.07	0.02
Asset Writedown	-53.44	-61.05	-52.48	-5.93	-37.58	-
Other Unusual Items	11.7	11.7	16.31	21.85	18.62	-6.76
Pretax Income	3,084	2,504	1,287	1,700	2,315	2,125
Income Tax Expense	482.5	357.73	107.59	238.88	355.44	372.38
Earnings From Continuing Operations	2,602	2,146	1,179	1,461	1,959	1,753
Minority Interest in Earnings	-361.01	-352.19	-234.01	-335.97	-498.62	-284.04
Net Income	2,241	1,794	944.92	1,125	1,461	1,468
Net Income to Common	2,241	1,794	944.92	1,125	1,461	1,468
Net Income Growth	109.05%	89.82%	-16.02%	-22.98%	-0.52%	40.34%
Shares Outstanding (Basic)	72	72	72	72	72	72
Shares Outstanding (Diluted)	72	72	72	72	72	72
Shares Change	0.32%	0.25%	-0.18%	0.18%	-0.03%	0.15%
EPS (Basic)	31.10	24.90	13.15	15.63	20.33	20.43
EPS (Diluted)	31.10	24.90	13.15	15.63	20.33	20.43
EPS Growth	108.38%	89.35%	-15.87%	-23.12%	-0.49%	40.12%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	2,985	2,793	1,225	1,130	1,709	2,399
Free Cash Flow Per Share	41.44	38.77	17.05	15.70	23.78	33.38
Dividend Per Share	19.600	19.600	10.000	7.000	17.000	16.000
Dividend Growth	96.00%	96.00%	42.86%	-58.82%	6.25%	33.33%
Gross Margin	94.34%	93.90%	87.87%	88.53%	88.73%	84.88%
Operating Margin	40.88%	38.89%	31.86%	37.64%	42.09%	38.64%
Profit Margin	30.22%	28.91%	25.57%	26.89%	28.27%	31.79%
Free Cash Flow Margin	40.27%	45.01%	33.15%	27.00%	33.07%	51.94%
EBITDA	3,083	2,468	1,238	1,640	2,240	1,850
EBITDA Margin	41.59%	39.78%	33.49%	39.18%	43.35%	40.05%
D&A For EBITDA	52.49	55.23	59.95	64.61	65.13	65.27
EBIT	3,031	2,413	1,178	1,575	2,175	1,785
EBIT Margin	40.88%	38.89%	31.86%	37.64%	42.09%	38.64%
Effective Tax Rate	15.65%	14.29%	8.36%	14.05%	15.35%	17.52%
Revenue as Reported	7,414	6,205	3,696	4,185	5,168	4,619