SHA:603529 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	25,103	21,474	20,895	20,665	15,265	12,789
Other Revenue	131.9	131.9	141.45	136.79	133.8	115.77
Revenue	25,235	21,606	21,036	20,802	15,399	12,905
Revenue Growth (YoY)	19.91%	2.71%	1.12%	35.09%	19.33%	23.80%
Cost of Revenue	20,495	17,784	17,567	17,399	13,600	11,432
Gross Profit	4,740	3,822	3,469	3,404	1,799	1,473
Selling, General & Admin	1,597	1,332	1,115	1,020	867.2	664.34
Research & Development	745.8	658.74	589.47	506.69	404.08	239.44
Other Operating Expenses	101.92	30.07	69.41	105.06	56.15	52.63
Operating Expenses	2,442	2,017	1,790	1,639	1,320	960.53
Operating Income	2,297	1,805	1,680	1,765	478.92	512.15
Interest Expense	-64.95	-39.05	-24.71	-8.69	-1.87	-10.95
Interest & Investment Income	300.22	335.12	437.12	394.3	264.7	222.55
Currency Exchange Gain (Loss)	2.87	2.87	0	-0.97	-0.53	-2.34
Other Non Operating Income (Expenses)	-16.61	-2.98	-2.15	24.05	-2.96	5.79
EBT Excluding Unusual Items	2,519	2,101	2,090	2,173	738.25	727.2
Gain (Loss) on Sale of Investments	30.77	28.04	-38.62	-15.81	-6.4	12.22
Gain (Loss) on Sale of Assets	11.92	17.04	-5.18	-5.21	-12.71	-8.94
Asset Writedown	14.07	-11.38	-	-3.34	-5.04	-
Other Unusual Items	198.01	198.01	167.29	77.98	44.15	48.61
Pretax Income	2,774	2,333	2,213	2,227	758.25	779.08
Income Tax Expense	390.06	319.99	317.01	354.44	90.53	169.24
Earnings From Continuing Operations	2,384	2,013	1,896	1,873	667.72	609.84
Minority Interest in Earnings	-41.72	-24.63	-15.23	0.89	-3.72	-11.32
Net Income	2,342	1,988	1,881	1,873	664	598.52
Net Income to Common	2,342	1,988	1,881	1,873	664	598.52
Net Income Growth	24.75%	5.68%	0.41%	182.14%	10.94%	14.76%
Shares Outstanding (Basic)	835	839	855	849	779	710
Shares Outstanding (Diluted)	885	880	887	849	779	710
Shares Change (YoY)	-2.17%	-0.87%	4.52%	8.99%	9.70%	-0.16%
EPS (Basic)	2.80	2.37	2.20	2.21	0.85	0.84
EPS (Diluted)	2.65	2.26	2.12	2.21	0.85	0.84
EPS Growth	27.52%	6.60%	-3.93%	158.88%	1.13%	14.95%
Free Cash Flow	1,664	-228.56	-95.92	4,209	1,435	791.07
Free Cash Flow Per Share	1.88	-0.26	-0.11	4.96	1.84	1.11
Dividend Per Share	1.220	0.924	0.882	0.869	0.238	-
Dividend Growth	40.88%	4.76%	1.46%	265.10%	-	-
Gross Margin	18.78%	17.69%	16.49%	16.36%	11.68%	11.41%
Operating Margin	9.10%	8.35%	7.98%	8.48%	3.11%	3.97%
Profit Margin	9.28%	9.20%	8.94%	9.01%	4.31%	4.64%
Free Cash Flow Margin	6.59%	-1.06%	-0.46%	20.23%	9.32%	6.13%
EBITDA	2,761	2,223	2,035	2,024	697.56	694.83
EBITDA Margin	10.94%	10.29%	9.68%	9.73%	4.53%	5.38%
D&A For EBITDA	464.21	417.74	355.79	259.76	218.65	182.67
EBIT	2,297	1,805	1,680	1,765	478.92	512.15
EBIT Margin	9.10%	8.35%	7.98%	8.48%	3.11%	3.97%
Effective Tax Rate	14.06%	13.72%	14.32%	15.92%	11.94%	21.72%
Revenue as Reported	25,235	21,606	21,036	20,802	15,399	12,905

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