SHA:603535 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
Revenue	1,313	1,346	1,225	1,278	1,269	1,151
Revenue Growth (YoY)	6.04%	9.83%	-4.10%	0.70%	10.22%	-3.59%
Cost of Revenue	895.1	903.75	858.86	942.37	932.96	874.47
Gross Profit	417.47	442.1	366.57	335.51	336.09	276.9
Selling, General & Admin	94.6	105.34	99.95	106.03	106.25	93.06
Research & Development	15.97	18.24	19.75	22.13	20.9	16.95
Other Operating Expenses	9.98	10.48	5.21	1.92	3.16	-1.23
Operating Expenses	151.37	161.48	159.99	144.4	136.02	112.76
Operating Income	266.11	280.63	206.58	191.11	200.08	164.14
Interest Expense	-64.53	-58.82	-26.03	-8.29	-5.66	-0.68
Interest & Investment Income	5.12	6.5	15.3	8.52	8.71	33.29
Currency Exchange Gain (Loss)	1.46	1.46	1.08	7.08	-3.97	-4.29
Other Non Operating Income (Expenses)	0.35	-2.69	-9.93	-2.76	-4.36	0.7
EBT Excluding Unusual Items	208.5	227.07	187	195.66	194.79	193.16
Gain (Loss) on Sale of Investments	0.61	1.55	0.03	0.28	1.57	0.71
Gain (Loss) on Sale of Assets	0.27	0.26	0.94	0.05	0	-0.03
Other Unusual Items	-2.96	-2.96	2.44	2.33	17.89	0.07
Pretax Income	206.42	225.92	190.41	198.42	214.25	193.92
Income Tax Expense	17.86	20.87	26.07	27.12	31.59	31.72
Earnings From Continuing Operations	188.56	205.05	164.34	171.31	182.66	162.2
Minority Interest in Earnings	-1.18	-0.39	0.01	-0.18	-0.26	-0.58
Net Income	187.37	204.66	164.35	171.13	182.4	161.62
Net Income to Common	187.37	204.66	164.35	171.13	182.4	161.62
Net Income Growth	15.79%	24.53%	-3.96%	-6.18%	12.86%	26.39%
Shares Outstanding (Basic)	509	513	507	513	493	480
Shares Outstanding (Diluted)	509	513	507	528	493	480
Shares Change (YoY)	-1.00%	1.31%	-4.02%	7.05%	2.82%	0.40%
EPS (Basic)	0.37	0.40	0.32	0.33	0.37	0.34
EPS (Diluted)	0.37	0.40	0.32	0.32	0.37	0.34
EPS Growth	16.95%	22.91%	0.06%	-12.36%	9.77%	25.90%
Free Cash Flow	77.53	-130.72	-1,030	-134.09	-230.6	-127.82
Free Cash Flow Per Share	0.15	-0.26	-2.03	-0.25	-0.47	-0.27
Dividend Per Share	0.061	0.061	0.046	0.039	0.036	0.035
Dividend Growth	33.04%	33.04%	17.78%	7.18%	4.62%	9.84%
Gross Margin	31.80%	32.85%	29.91%	26.25%	26.48%	24.05%
Operating Margin	20.27%	20.85%	16.86%	14.95%	15.77%	14.26%
Profit Margin	14.27%	15.21%	13.41%	13.39%	14.37%	14.04%
Free Cash Flow Margin	5.91%	-9.71%	-84.06%	-10.49%	-18.17%	-11.10%
EBITDA	325.22	331.76	247.06	222.04	217.62	180.07
EBITDA Margin	24.78%	24.65%	20.16%	17.38%	17.15%	15.64%
D&A For EBITDA	59.12	51.13	40.48	30.93	17.55	15.93
EBIT	266.11	280.63	206.58	191.11	200.08	164.14
EBIT Margin	20.27%	20.85%	16.86%	14.95%	15.77%	14.26%
Effective Tax Rate	8.65%	9.24%	13.69%	13.66%	14.74%	16.36%
Revenue as Reported	1,313	1,346	1,225	1,278	1,269	1,151
Advertising Expenses	-	20.39	18.72	15.09	11.64	6.76

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