SHA:603588 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	13,097	14,388	10,533	8,698	7,712	6,768
Other Revenue	111.52	111.52	46.97	75.95	114.9	58.29
Revenue	13,208	14,500	10,580	8,774	7,827	6,827
Revenue Growth (YoY)	-9.16%	37.04%	20.58%	12.11%	14.65%	34.51%
Cost of Revenue	10,913	12,419	8,683	6,719	5,928	5,245
Gross Profit	2,296	2,080	1,897	2,055	1,899	1,581
Selling, General & Admin	626.71	608.61	648.1	542.84	472.19	418.72
Research & Development	540.03	509.08	324.02	350.78	247.36	211.47
Other Operating Expenses	-9.7	-24.3	-56.1	8.85	44.64	14.32
Operating Expenses	1,173	1,168	985.72	937.83	800.05	664.41
Operating Income	1,123	911.99	911.67	1,117	1,099	917.05
Interest Expense	-463.26	-456.23	-420.17	-355.38	-318.86	-219.04
Interest & Investment Income	185.25	138.22	132.88	97.91	125.32	67.58
Currency Exchange Gain (Loss)	5.27	5.27	-11.52	-0.7	20.95	-9.33
Other Non Operating Income (Expenses)	-66.79	-17.16	-22.73	-27.68	-70.94	-18.95
EBT Excluding Unusual Items	783.23	582.08	590.12	831.5	855.56	737.31
Impairment of Goodwill	-73.84	-73.84	-38.44	-17.34	-31.41	-44.59
Gain (Loss) on Sale of Investments	-25.79	74.66	4.98	-17.91	-0.99	-0.04
Gain (Loss) on Sale of Assets	-13.89	-0.7	2.63	-1.64	11.02	-0.84
Asset Writedown	-6.25	-22.71	-3.09	-	-	-
Legal Settlements	-4.94	-4.94	-1.38	-1.54	-5.91	-3.13
Other Unusual Items	53.31	53.31	4.82	35.87	56.32	30.12
Pretax Income	711.84	607.86	559.64	828.93	884.58	718.83
Income Tax Expense	39.75	65.34	51.48	84.57	53.99	82.1
Earnings From Continuing Operations	672.09	542.52	508.16	744.36	830.58	636.73
Minority Interest in Earnings	-105.13	-60.71	-3.52	-51.88	-104.33	-86.66
Net Income	566.96	481.82	504.64	692.48	726.25	550.07
Net Income to Common	566.96	481.82	504.64	692.48	726.25	550.07
Net Income Growth	38.95%	-4.52%	-27.13%	-4.65%	32.03%	33.51%
Shares Outstanding (Basic)	1,523	1,523	1,529	1,352	1,259	1,142
Shares Outstanding (Diluted)	1,523	1,523	1,529	1,358	1,265	1,144
Shares Change (YoY)	-0.36%	-0.40%	12.63%	7.32%	10.59%	5.02%
EPS (Basic)	0.37	0.32	0.33	0.51	0.58	0.48
EPS (Diluted)	0.37	0.32	0.33	0.51	0.57	0.48
EPS Growth	39.44%	-4.15%	-35.29%	-11.15%	19.38%	27.13%
Free Cash Flow	533.87	-135.41	-2,459	-3,058	-1,377	-1,496
Free Cash Flow Per Share	0.35	-0.09	-1.61	-2.25	-1.09	-1.31
Dividend Per Share	0.070	0.400	0.100	0.050	0.058	0.045
Dividend Growth	-83.72%	300.00%	100.00%	-14.24%	29.84%	-
Gross Margin	17.38%	14.35%	17.93%	23.42%	24.27%	23.17%
Operating Margin	8.50%	6.29%	8.62%	12.73%	14.04%	13.43%
Profit Margin	4.29%	3.32%	4.77%	7.89%	9.28%	8.06%
Free Cash Flow Margin	4.04%	-0.93%	-23.24%	-34.85%	-17.60%	-21.92%
EBITDA	1,764	1,510	1,452	1,577	1,447	1,131
EBITDA Margin	13.35%	10.41%	13.72%	17.98%	18.48%	16.57%
D&A For EBITDA	640.97	597.7	540.01	460.11	347.68	214.05
EBIT	1,123	911.99	911.67	1,117	1,099	917.05
EBIT Margin	8.50%	6.29%	8.62%	12.73%	14.04%	13.43%
Effective Tax Rate	5.58%	10.75%	9.20%	10.20%	6.10%	11.42%
Revenue as Reported	13,208	14,500	10,580	8,774	7,827	6,827

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.