SHA:603617 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	1,063	1,082	696.37	739.52	956.53	725.2
Other Revenue	28.64	28.64	22.18	14.25	18.83	12.9
Revenue	1,092	1,111	718.55	753.77	975.37	738.1
Revenue Growth (YoY)	1.68%	54.62%	-4.67%	-22.72%	32.15%	9.72%
Cost of Revenue	797.46	849.59	590.22	595.19	758.27	552.07
Gross Profit	294.59	261.44	128.34	158.58	217.09	186.03
Selling, General & Admin	209.52	153.41	102	81.32	79.28	52.54
Research & Development	27.26	27.1	21.24	21.07	30.27	27.44
Other Operating Expenses	4.75	3.79	6.51	5.58	2.22	2.5
Operating Expenses	239.6	190.34	133.27	105.31	113.43	84.47
Operating Income	54.99	71.1	-4.94	53.26	103.66	101.55
Interest Expense	-8.33	-9.41	-15.15	-32.94	-18.26	-6.08
Interest & Investment Income	18.42	29.37	51.19	17.07	18.02	10.61
Currency Exchange Gain (Loss)	6.72	6.72	6.66	22.35	-3.22	-12.89
Other Non Operating Income (Expenses)	-2.64	-1.15	-0.68	-0.99	-1.5	-1.15
EBT Excluding Unusual Items	69.16	96.63	37.08	58.75	98.69	92.05
Impairment of Goodwill	-0.58	-0.58	-2.92	-2.13	-	-
Gain (Loss) on Sale of Investments	0.84	-	-3.28	3.42	0.67	1.34
Gain (Loss) on Sale of Assets	-0.19	2.59	3.05	-0.83	8.97	2.58
Asset Writedown	3.63	-	-	-	-	-
Other Unusual Items	-2.27	1.73	9.25	4.69	4.13	15.7
Pretax Income	70.6	100.37	43.19	63.91	112.45	111.67
Income Tax Expense	23.27	21.07	7.24	10.51	20.09	14.36
Earnings From Continuing Operations	47.33	79.29	35.94	53.4	92.37	97.31
Minority Interest in Earnings	1.06	0.15	0.68	0.43	-	-
Net Income	48.4	79.45	36.62	53.83	92.37	97.31
Net Income to Common	48.4	79.45	36.62	53.83	92.37	97.31
Net Income Growth	-15.27%	116.96%	-31.97%	-41.73%	-5.08%	29.66%
Shares Outstanding (Basic)	377	378	366	359	289	278
Shares Outstanding (Diluted)	377	378	366	359	319	296
Shares Change (YoY)	0.72%	3.31%	2.05%	12.67%	7.56%	7.09%
EPS (Basic)	0.13	0.21	0.10	0.15	0.32	0.35
EPS (Diluted)	0.13	0.21	0.10	0.15	0.29	0.33
EPS Growth	-15.87%	110.00%	-33.33%	-48.28%	-11.75%	21.08%
Free Cash Flow	32.97	-109.61	36.64	-50.08	-358.11	-14.97
Free Cash Flow Per Share	0.09	-0.29	0.10	-0.14	-1.12	-0.05
Dividend Per Share	0.080	0.080	0.040	0.030	0.107	0.214
Dividend Growth	100.00%	100.00%	33.33%	-71.99%	-50.02%	162.62%
Gross Margin	26.98%	23.53%	17.86%	21.04%	22.26%	25.20%
Operating Margin	5.04%	6.40%	-0.69%	7.07%	10.63%	13.76%
Profit Margin	4.43%	7.15%	5.10%	7.14%	9.47%	13.18%
Free Cash Flow Margin	3.02%	-9.87%	5.10%	-6.64%	-36.72%	-2.03%
EBITDA	125.7	137.6	55.94	106.11	134.43	123.74
EBITDA Margin	11.51%	12.38%	7.79%	14.08%	13.78%	16.76%
D&A For EBITDA	70.71	66.5	60.88	52.85	30.77	22.18
EBIT	54.99	71.1	-4.94	53.26	103.66	101.55
EBIT Margin	5.04%	6.40%	-0.69%	7.07%	10.63%	13.76%
Effective Tax Rate	32.95%	20.99%	16.77%	16.44%	17.86%	12.86%
Revenue as Reported	1,092	1,111	718.55	753.77	975.37	738.1
Advertising Expenses	-	4.06	1.99	0.49	0.16	0.2

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