SHA:603500 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	753.3	661.3	636.21	603.45	486.02	271.06
Other Revenue	6.42	6.42	4.45	3.24	2.41	2.1
Revenue	759.72	667.72	640.66	606.69	488.43	273.16
Revenue Growth (YoY)	9.96%	4.22%	5.60%	24.21%	78.81%	-18.59%
Cost of Revenue	505.34	487.12	460.1	451.74	357.83	163.48
Gross Profit	254.38	180.59	180.56	154.94	130.6	109.68
Selling, General & Admin	54.52	50.64	53.43	45.2	43.37	34.23
Research & Development	31.44	40.18	30.84	32.97	18.78	14.29
Other Operating Expenses	3.34	3.56	4.96	4.89	3.71	1.98
Operating Expenses	91.07	105.61	98.51	87.23	67.36	54.41
Operating Income	163.31	74.99	82.05	67.71	63.24	55.27
Interest Expense	-4.9	-2.95	-2.25	-2.07	-0.71	-
Interest & Investment Income	10.61	14.79	8.39	9.63	10.5	9.7
Currency Exchange Gain (Loss)	0.38	0.38	0.93	3.51	-1.27	-1.69
Other Non Operating Income (Expenses)	0.59	-0.07	-0.02	-0.12	-0.22	-0.06
EBT Excluding Unusual Items	169.99	87.13	89.09	78.66	71.53	63.22
Gain (Loss) on Sale of Assets	-0.11	0.01	-0.06	-0.01	-0.05	0.02
Asset Writedown	1.49	-0.04	-	-	-	-0
Other Unusual Items	-0.93	-0.67	1.62	3.65	2.69	0.98
Pretax Income	170.44	86.44	90.66	82.3	74.17	64.22
Income Tax Expense	20.23	11.01	14.35	8.76	9.06	8.4
Earnings From Continuing Operations	150.21	75.43	76.31	73.54	65.11	55.82
Minority Interest in Earnings	-3.79	-0.04	-9.26	-7.03	-2.36	0.73
Net Income	146.42	75.39	67.05	66.51	62.75	56.55
Net Income to Common	146.42	75.39	67.05	66.51	62.75	56.55
Net Income Growth	183.27%	12.44%	0.81%	6.00%	10.95%	-36.22%
Shares Outstanding (Basic)	369	343	335	345	338	344
Shares Outstanding (Diluted)	369	343	335	345	338	344
Shares Change (YoY)	20.90%	2.22%	-2.77%	2.05%	-1.84%	-0.98%
EPS (Basic)	0.40	0.22	0.20	0.19	0.19	0.16
EPS (Diluted)	0.40	0.22	0.20	0.19	0.19	0.16
EPS Growth	134.31%	10.00%	3.68%	3.88%	13.03%	-35.59%
Free Cash Flow	29.09	-56.68	33.28	38.06	-31.71	57.21
Free Cash Flow Per Share	0.08	-0.17	0.10	0.11	-0.09	0.17
Dividend Per Share	0.130	0.130	0.093	0.093	0.093	0.102
Dividend Growth	39.93%	39.93%	-	-	-9.01%	-33.31%
Gross Margin	33.48%	27.05%	28.18%	25.54%	26.74%	40.15%
Operating Margin	21.50%	11.23%	12.81%	11.16%	12.95%	20.23%
Profit Margin	19.27%	11.29%	10.47%	10.96%	12.85%	20.70%
Free Cash Flow Margin	3.83%	-8.49%	5.20%	6.27%	-6.49%	20.94%
EBITDA	191.72	102.83	109.14	93.61	83.72	67.36
EBITDA Margin	25.24%	15.40%	17.04%	15.43%	17.14%	24.66%
D&A For EBITDA	28.41	27.84	27.09	25.9	20.48	12.09
EBIT	163.31	74.99	82.05	67.71	63.24	55.27
EBIT Margin	21.50%	11.23%	12.81%	11.16%	12.95%	20.23%
Effective Tax Rate	11.87%	12.74%	15.83%	10.64%	12.22%	13.08%
Revenue as Reported	759.72	667.72	640.66	606.69	488.43	273.16

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