SHA:603508 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	1,529	1,481	1,149	1,036	1,032	817.81
Other Revenue	33.85	33.85	31.44	30.88	32.88	25.74
Revenue	1,563	1,515	1,180	1,067	1,064	843.55
Revenue Growth (YoY)	15.37%	28.38%	10.60%	0.25%	26.19%	-6.51%
Cost of Revenue	486.01	503.63	440.79	420.83	415.38	339.91
Gross Profit	1,077	1,012	739.45	646.34	649.11	503.64
Selling, General & Admin	220.87	226.96	174.17	158.9	144.45	172.8
Research & Development	167.52	153.53	139.53	141.94	114.8	110.03
Other Operating Expenses	24.53	19.8	13.09	-17.82	-21.5	-52.41
Operating Expenses	418.22	432.08	342.63	296.43	256.38	234.58
Operating Income	658.45	579.44	396.83	349.91	392.73	269.06
Interest Expense	-0.33	-0.15	-	-	-	-0
Interest & Investment Income	41.21	42.25	45.15	44.91	59.86	50.51
Currency Exchange Gain (Loss)	-	-	-	-	-0	-
Other Non Operating Income (Expenses)	-2.36	-2.4	0.74	-1.14	-0.52	-0.78
EBT Excluding Unusual Items	696.98	619.14	442.71	393.69	452.06	318.8
Impairment of Goodwill	-	-	-	-	-	-851.17
Gain (Loss) on Sale of Assets	-1.07	-0.18	-0.22	0.01	0.03	-0.06
Asset Writedown	-5.88	-4.87	-	-	-	-
Other Unusual Items	45.35	39.28	55.41	4.16	9.65	19.84
Pretax Income	735.38	653.37	497.9	397.86	461.74	-512.6
Income Tax Expense	95.19	83.67	69.74	35.6	67.47	48.29
Earnings From Continuing Operations	640.18	569.7	428.16	362.26	394.27	-560.89
Minority Interest in Earnings	-23.03	-21.32	-16.08	-15.88	-8.77	-13.45
Net Income	617.15	548.38	412.08	346.38	385.5	-574.33
Net Income to Common	617.15	548.38	412.08	346.38	385.5	-574.33
Net Income Growth	24.63%	33.08%	18.97%	-10.15%	-	-
Shares Outstanding (Basic)	381	381	382	381	378	372
Shares Outstanding (Diluted)	381	381	382	381	382	372
Shares Change (YoY)	0.07%	-0.19%	0.24%	-0.27%	2.54%	-1.30%
EPS (Basic)	1.62	1.44	1.08	0.91	1.02	-1.54
EPS (Diluted)	1.62	1.44	1.08	0.91	1.01	-1.54
EPS Growth	24.55%	33.33%	18.68%	-9.90%	-	-
Free Cash Flow	672.55	397.77	250.36	188.67	24.73	350.13
Free Cash Flow Per Share	1.76	1.04	0.66	0.50	0.07	0.94
Dividend Per Share	3.288	1.438	0.757	0.545	0.606	0.223
Dividend Growth	226.69%	90.11%	38.79%	-10.05%	171.87%	-8.80%
Gross Margin	68.90%	66.76%	62.65%	60.57%	60.98%	59.70%
Operating Margin	42.14%	38.24%	33.62%	32.79%	36.89%	31.90%
Profit Margin	39.49%	36.19%	34.91%	32.46%	36.21%	-68.08%
Free Cash Flow Margin	43.04%	26.25%	21.21%	17.68%	2.32%	41.51%
EBITDA	716.66	633.27	444.83	398.51	441.54	317.72
EBITDA Margin	45.86%	41.80%	37.69%	37.34%	41.48%	37.66%
D&A For EBITDA	58.2	53.83	48	48.6	48.81	48.66
EBIT	658.45	579.44	396.83	349.91	392.73	269.06
EBIT Margin	42.14%	38.24%	33.62%	32.79%	36.89%	31.90%
Effective Tax Rate	12.95%	12.81%	14.01%	8.95%	14.61%	-
Revenue as Reported	1,563	1,515	1,180	1,067	1,064	843.55

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