SHA:603611 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	6,823	6,940	6,918	6,674	5,857	4,061
Other Revenue	38.64	38.64	44.28	27.75	30.16	15.82
Revenue	6,861	6,979	6,963	6,702	5,887	4,077
Revenue Growth (YoY)	1.32%	0.23%	3.89%	13.85%	44.39%	32.06%
Cost of Revenue	5,365	5,433	5,461	5,361	4,754	3,141
Gross Profit	1,496	1,546	1,501	1,341	1,133	935.99
Selling, General & Admin	725.99	710.83	657.41	598.64	504.96	446.48
Research & Development	241.18	241.22	264.44	259.29	224.38	170.11
Other Operating Expenses	28.96	40.58	28.95	29.07	16.8	18.47
Operating Expenses	993.72	1,007	979.24	914.71	798.84	665.87
Operating Income	502.22	538.6	522.19	426.33	334.42	270.13
Interest Expense	-28.81	-40.64	-33.96	-39.93	-32.14	-26.3
Interest & Investment Income	60.45	55.27	36.55	7.03	6.4	10.62
Currency Exchange Gain (Loss)	-0.73	-0.73	-11.46	70.02	-3.02	-34.75
Other Non Operating Income (Expenses)	103.32	-2.84	-6.7	-8.9	-4.73	-3.12
EBT Excluding Unusual Items	636.46	549.66	506.64	454.55	300.92	216.59
Impairment of Goodwill	-40.01	-40.01	-	-10.84	-	-
Gain (Loss) on Sale of Investments	25.91	28.64	-7.36	-15.69	17.05	14.12
Gain (Loss) on Sale of Assets	0.73	-0.88	0.2	0.61	-0.9	-0.05
Asset Writedown	-62.45	-10.32	-0.12	-0.15	-0.33	-0.11
Other Unusual Items	13.22	13.22	28.88	22.98	22.79	52.94
Pretax Income	573.86	540.31	528.24	451.47	339.53	283.49
Income Tax Expense	73.6	75.31	67.1	66.9	45.83	43.74
Earnings From Continuing Operations	500.25	465	461.14	384.57	293.7	239.75
Minority Interest in Earnings	-4.87	-3.09	-3.4	17.62	6.51	2.64
Net Income	495.38	461.91	457.75	402.19	300.22	242.39
Net Income to Common	495.38	461.91	457.75	402.19	300.22	242.39
Net Income Growth	7.35%	0.91%	13.81%	33.97%	23.86%	0.05%
Shares Outstanding (Basic)	258	258	257	258	257	266
Shares Outstanding (Diluted)	258	258	257	258	257	266
Shares Change (YoY)	0.65%	0.34%	-0.25%	0.47%	-3.67%	2.25%
EPS (Basic)	1.92	1.79	1.78	1.56	1.17	0.91
EPS (Diluted)	1.92	1.79	1.78	1.56	1.17	0.91
EPS Growth	6.66%	0.56%	14.10%	33.33%	28.57%	-2.15%
Free Cash Flow	900.68	471.85	-225.9	397.1	90.17	192.1
Free Cash Flow Per Share	3.49	1.83	-0.88	1.54	0.35	0.72
Dividend Per Share	0.897	0.897	0.622	0.550	0.550	0.300
Dividend Growth	44.21%	44.21%	13.09%	-	83.33%	-
Gross Margin	21.80%	22.15%	21.56%	20.01%	19.25%	22.96%
Operating Margin	7.32%	7.72%	7.50%	6.36%	5.68%	6.63%
Profit Margin	7.22%	6.62%	6.57%	6.00%	5.10%	5.95%
Free Cash Flow Margin	13.13%	6.76%	-3.24%	5.92%	1.53%	4.71%
EBITDA	600.78	637.25	620.97	520.94	427.61	363.47
EBITDA Margin	8.76%	9.13%	8.92%	7.77%	7.26%	8.91%
D&A For EBITDA	98.57	98.65	98.77	94.61	93.18	93.34
EBIT	502.22	538.6	522.19	426.33	334.42	270.13
EBIT Margin	7.32%	7.72%	7.50%	6.36%	5.68%	6.63%
Effective Tax Rate	12.83%	13.94%	12.70%	14.82%	13.50%	15.43%
Revenue as Reported	6,861	6,979	6,963	6,702	5,887	4,077

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