SHA:603496 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	Mar '26 Mar 31, 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	1,099	1,046	1,119	770.5	769.29	676.63
Other Revenue	0.95	0.95	-1.9	0.92	1.24	1.58
Revenue	1,100	1,047	1,117	771.42	770.53	678.21
Revenue Growth (YoY)	11.97%	-6.31%	44.83%	0.11%	13.61%	27.21%
Cost of Revenue	826.28	781.96	785.31	448.1	469.05	443.66
Gross Profit	273.95	264.72	331.9	323.32	301.47	234.55
Selling, General & Admin	114.77	113.1	113.51	108.65	108.59	88.01
Research & Development	131.44	132.39	142.19	140.59	146.47	133.86
Other Operating Expenses	-14.59	-14.41	-13.23	-5.51	-3.59	-4.76
Operating Expenses	233.47	232.93	293.52	260.46	254.32	232.67
Operating Income	40.49	31.79	38.37	62.86	47.15	1.88
Interest Expense	-7.78	-7.78	-8.29	-6.34	-8.1	-8.04
Interest & Investment Income	14.12	5.76	8.74	24.77	14.75	28.02
Earnings From Equity Investments	-0.05	-	-	-	-	-
Currency Exchange Gain (Loss)	-0	-0	-	-	-	-
Other Non Operating Income (Expenses)	-2.49	0.56	-0.98	0.07	-0.24	-0.03
EBT Excluding Unusual Items	44.29	30.33	37.84	81.37	53.56	21.83
Gain (Loss) on Sale of Investments	-0.6	-0.98	-8.78	-14.52	12.84	29.89
Gain (Loss) on Sale of Assets	0.26	0.26	0.06	3.22	5.09	0.06
Other Unusual Items	4.66	4.66	5.02	7.2	3.41	1.97
Pretax Income	48.61	34.28	34.14	77.27	74.9	53.75
Income Tax Expense	0.36	-0.15	8.02	-0.25	-0.29	4.21
Earnings From Continuing Operations	48.25	34.43	26.12	77.52	75.2	49.54
Minority Interest in Earnings	0.4	0.5	0.73	1.26	1.03	3.9
Net Income	48.65	34.94	26.85	78.78	76.22	53.44
Net Income to Common	48.65	34.94	26.85	78.78	76.22	53.44
Net Income Growth	-	30.13%	-65.92%	3.36%	42.63%	46.83%
Shares Outstanding (Basic)	320	320	320	312	278	292
Shares Outstanding (Diluted)	320	320	320	312	278	292
Shares Change (YoY)	-0.03%	-0.05%	2.69%	12.12%	-4.65%	3.45%
EPS (Basic)	0.15	0.11	0.08	0.25	0.27	0.18
EPS (Diluted)	0.15	0.11	0.08	0.25	0.27	0.18
EPS Growth	-	30.19%	-66.81%	-7.81%	49.59%	41.94%
Free Cash Flow	148.07	145.97	-14.9	24.68	-30.14	-120.13
Free Cash Flow Per Share	0.46	0.46	-0.05	0.08	-0.11	-0.41
Dividend Per Share	0.025	0.025	0.040	-	0.050	0.036
Dividend Growth	-37.50%	-37.50%	-	-	40.06%	-
Gross Margin	24.90%	25.29%	29.71%	41.91%	39.13%	34.58%
Operating Margin	3.68%	3.04%	3.44%	8.15%	6.12%	0.28%
Profit Margin	4.42%	3.34%	2.40%	10.21%	9.89%	7.88%
Free Cash Flow Margin	13.46%	13.95%	-1.33%	3.20%	-3.91%	-17.71%
EBITDA	56.9	47.91	53.3	76.44	58.74	13.66
EBITDA Margin	5.17%	4.58%	4.77%	9.91%	7.62%	2.02%
D&A For EBITDA	16.41	16.11	14.92	13.58	11.59	11.79
EBIT	40.49	31.79	38.37	62.86	47.15	1.88
EBIT Margin	3.68%	3.04%	3.44%	8.15%	6.12%	0.28%
Effective Tax Rate	0.74%	-	23.50%	-	-	7.83%
Revenue as Reported	1,047	1,047	1,117	771.42	770.53	678.21

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