SHA:603459 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	3,430	2,524	2,195	2,205
Other Revenue	247	178.03	144.89	-
Revenue	3,677	2,702	2,340	2,205
Revenue Growth (YoY)	36.06%	15.51%	6.12%	-
Cost of Revenue	2,747	2,207	1,993	1,828
Gross Profit	930.46	495.15	346.52	376.76
Selling, General & Admin	119.37	103.23	93.63	87.74
Research & Development	146.88	125.2	109.72	100.62
Other Operating Expenses	6.02	4.1	5.2	-10.81
Operating Expenses	285.33	240.34	215.21	170.06
Operating Income	645.12	254.82	131.31	206.7
Interest Expense	-24.16	-21.34	-31.48	-44.7
Interest & Investment Income	1.31	1.27	1.67	3.21
Currency Exchange Gain (Loss)	-6.26	7.4	12.23	-
Other Non Operating Income (Expenses)	-3.21	-3.01	-1.94	24.52
EBT Excluding Unusual Items	612.81	239.14	111.8	189.73
Gain (Loss) on Sale of Assets	-5.01	1.76	1.09	-2.11
Asset Writedown	-12.75	-15.19	-16.09	-34.78
Other Unusual Items	30.54	20.35	19.41	-
Pretax Income	625.59	246.05	116.21	152.84
Income Tax Expense	85.74	32.14	11.28	12.18
Net Income	539.85	213.91	104.93	140.66
Net Income to Common	539.85	213.91	104.93	140.66
Net Income Growth	152.37%	103.87%	-25.40%	-
Shares Outstanding (Basic)	654	654	654	639
Shares Outstanding (Diluted)	654	654	654	639
Shares Change (YoY)	-	-	2.25%	-
EPS (Basic)	0.83	0.33	0.16	0.22
EPS (Diluted)	0.83	0.33	0.16	0.22
EPS Growth	152.37%	104.51%	-27.27%	-
Free Cash Flow	-120.54	66.59	238.92	175.87
Free Cash Flow Per Share	-0.18	0.10	0.36	0.28
Gross Margin	25.30%	18.32%	14.81%	17.09%
Operating Margin	17.54%	9.43%	5.61%	9.38%
Profit Margin	14.68%	7.92%	4.49%	6.38%
Free Cash Flow Margin	-3.28%	2.46%	10.21%	7.98%
EBITDA	914.15	487.57	340.82	391.26
EBITDA Margin	24.86%	18.04%	14.57%	17.75%
D&A For EBITDA	269.03	232.75	209.51	184.55
EBIT	645.12	254.82	131.31	206.7
EBIT Margin	17.54%	9.43%	5.61%	9.38%
Effective Tax Rate	13.71%	13.06%	9.71%	7.97%
Revenue as Reported	3,677	2,702	2,340	2,205

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