SHA:603508 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	1,543	1,484	1,481	1,149	1,036	1,032
Other Revenue	36.06	36.06	33.85	31.44	30.88	32.88
Revenue	1,579	1,520	1,515	1,180	1,067	1,064
Revenue Growth (YoY)	2.86%	0.29%	28.38%	10.60%	0.25%	26.19%
Cost of Revenue	530.62	510.59	503.63	440.79	420.83	415.38
Gross Profit	1,049	1,009	1,012	739.45	646.34	649.11
Selling, General & Admin	252.86	247.74	226.96	174.17	158.9	144.45
Research & Development	152.82	153.56	153.53	139.53	141.94	114.8
Other Operating Expenses	-10.97	-13.07	-21.09	-35.47	-17.82	-21.5
Operating Expenses	372.43	365.96	396.05	294.07	296.43	256.38
Operating Income	676.11	643.07	615.47	445.39	349.91	392.73
Interest Expense	-0.18	-0.18	-0.15	-	-	-
Interest & Investment Income	34.58	33.78	42.25	45.15	44.91	59.86
Currency Exchange Gain (Loss)	-	-	-	-	-	-0
Other Non Operating Income (Expenses)	8.94	0.32	-2.4	0.74	-1.14	-0.52
EBT Excluding Unusual Items	719.46	676.99	655.17	491.27	393.69	452.06
Gain (Loss) on Sale of Investments	0.21	0.01	-	-	-	-
Gain (Loss) on Sale of Assets	-0.55	-1.27	-0.18	-0.22	0.01	0.03
Other Unusual Items	3.67	3.67	-1.61	6.85	4.16	9.65
Pretax Income	723.09	679.41	653.37	497.9	397.86	461.74
Income Tax Expense	113.51	107.4	83.67	69.74	35.6	67.47
Earnings From Continuing Operations	609.58	572.01	569.7	428.16	362.26	394.27
Minority Interest in Earnings	-19.62	-15.86	-21.32	-16.08	-15.88	-8.77
Net Income	589.96	556.15	548.38	412.08	346.38	385.5
Net Income to Common	589.96	556.15	548.38	412.08	346.38	385.5
Net Income Growth	2.63%	1.42%	33.08%	18.97%	-10.15%	-
Shares Outstanding (Basic)	380	381	381	382	381	378
Shares Outstanding (Diluted)	380	381	381	382	381	382
Shares Change (YoY)	0.01%	0.03%	-0.19%	0.24%	-0.27%	2.54%
EPS (Basic)	1.55	1.46	1.44	1.08	0.91	1.02
EPS (Diluted)	1.55	1.46	1.44	1.08	0.91	1.01
EPS Growth	2.61%	1.39%	33.33%	18.68%	-9.90%	-
Free Cash Flow	790.01	653	397.77	250.36	188.67	24.73
Free Cash Flow Per Share	2.08	1.71	1.04	0.66	0.50	0.07
Dividend Per Share	2.624	2.624	1.438	0.757	0.545	0.606
Dividend Growth	82.47%	82.47%	90.11%	38.79%	-10.05%	171.87%
Gross Margin	66.40%	66.40%	66.76%	62.65%	60.57%	60.98%
Operating Margin	42.81%	42.32%	40.62%	37.74%	32.79%	36.89%
Profit Margin	37.36%	36.60%	36.19%	34.91%	32.46%	36.21%
Free Cash Flow Margin	50.03%	42.97%	26.25%	21.21%	17.68%	2.32%
EBITDA	723.46	692.26	672.07	493.39	398.51	441.54
EBITDA Margin	45.81%	45.55%	44.36%	41.80%	37.34%	41.48%
D&A For EBITDA	47.34	49.19	56.6	48	48.6	48.81
EBIT	676.11	643.07	615.47	445.39	349.91	392.73
EBIT Margin	42.81%	42.32%	40.62%	37.74%	32.79%	36.89%
Effective Tax Rate	15.70%	15.81%	12.81%	14.01%	8.95%	14.61%
Revenue as Reported	1,520	1,520	1,515	1,180	1,067	1,064

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