SHA:603638 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	3,002	2,665	2,184	1,986	2,633	2,226
Other Revenue	59.45	59.45	51.29	39.34	50.83	29.7
Revenue	3,061	2,725	2,235	2,025	2,684	2,256
Revenue Growth (YoY)	14.94%	21.90%	10.39%	-24.55%	18.99%	56.38%
Cost of Revenue	2,187	1,942	1,575	1,453	1,793	1,351
Gross Profit	874.15	782.39	660.65	571.96	891.01	905
Selling, General & Admin	215.44	192.97	164.91	172.32	211.62	166.96
Research & Development	147.9	136.66	112.46	95.19	133.87	105.34
Other Operating Expenses	66.05	19.89	24.15	13.37	13.47	17.72
Operating Expenses	439.17	376.85	313.47	288	356.84	305.97
Operating Income	434.98	405.54	347.18	283.96	534.18	599.03
Interest Expense	-58.16	-46.32	-48.14	-37.25	-20.34	-16.95
Interest & Investment Income	5.89	4.57	7.16	8.23	3.62	10.82
Currency Exchange Gain (Loss)	2.51	2.51	1.68	7	-2.5	-3.78
Other Non Operating Income (Expenses)	-2.2	-0.76	-1.13	-0.92	-0.97	-0.71
EBT Excluding Unusual Items	383.03	365.55	306.75	261.02	513.98	588.42
Gain (Loss) on Sale of Investments	2.41	2.44	6.28	4.97	0.01	-
Gain (Loss) on Sale of Assets	-0.16	-0.23	0.08	-0.18	-0.1	-0.07
Other Unusual Items	64.1	35.39	16.87	24.65	28.16	8.39
Pretax Income	448.53	403.15	329.98	290.45	542.05	596.74
Income Tax Expense	64.01	59.43	51.33	41.15	72.29	80.67
Earnings From Continuing Operations	384.52	343.72	278.65	249.3	469.76	516.08
Minority Interest in Earnings	-4.95	0.42	0	-	-	-
Net Income	379.57	344.13	278.65	249.3	469.76	516.08
Net Income to Common	379.57	344.13	278.65	249.3	469.76	516.08
Net Income Growth	9.34%	23.50%	11.77%	-46.93%	-8.97%	50.82%
Shares Outstanding (Basic)	844	839	844	831	839	832
Shares Outstanding (Diluted)	844	839	844	831	839	832
Shares Change (YoY)	-0.20%	-0.60%	1.61%	-0.94%	0.78%	6.35%
EPS (Basic)	0.45	0.41	0.33	0.30	0.56	0.62
EPS (Diluted)	0.45	0.41	0.33	0.30	0.56	0.62
EPS Growth	9.56%	24.24%	10.00%	-46.43%	-9.68%	41.81%
Free Cash Flow	30.02	0.59	-114.78	20.12	-327.86	-334.4
Free Cash Flow Per Share	0.04	0.00	-0.14	0.02	-0.39	-0.40
Dividend Per Share	0.150	0.130	0.120	0.100	0.120	0.129
Dividend Growth	-25.00%	8.33%	20.00%	-16.67%	-6.69%	53.64%
Gross Margin	28.56%	28.71%	29.55%	28.24%	33.20%	40.12%
Operating Margin	14.21%	14.88%	15.53%	14.02%	19.90%	26.56%
Profit Margin	12.40%	12.63%	12.46%	12.31%	17.50%	22.88%
Free Cash Flow Margin	0.98%	0.02%	-5.13%	0.99%	-12.21%	-14.82%
EBITDA	700.74	652.62	569.36	458.55	680.95	705.19
EBITDA Margin	22.89%	23.95%	25.47%	22.64%	25.37%	31.26%
D&A For EBITDA	265.76	247.09	222.18	174.59	146.77	106.16
EBIT	434.98	405.54	347.18	283.96	534.18	599.03
EBIT Margin	14.21%	14.88%	15.53%	14.02%	19.90%	26.56%
Effective Tax Rate	14.27%	14.74%	15.55%	14.17%	13.34%	13.52%
Revenue as Reported	3,061	2,725	2,235	2,025	2,684	2,256

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