SHA:603638 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,529	3,132	2,665	2,184	1,986	2,633
Other Revenue	63.92	63.92	59.45	51.29	39.34	50.83
Revenue	3,593	3,196	2,725	2,235	2,025	2,684
Revenue Growth (YoY)	25.50%	17.29%	21.90%	10.39%	-24.55%	18.99%
Cost of Revenue	2,572	2,293	1,942	1,575	1,453	1,793
Gross Profit	1,022	902.86	782.39	660.65	571.96	891.01
Selling, General & Admin	233.53	222.53	192.97	164.91	172.32	211.62
Research & Development	161.59	152.49	136.66	112.46	95.19	133.87
Other Operating Expenses	48.88	29.8	2.99	24.15	13.37	13.47
Operating Expenses	468.69	414.6	359.95	313.47	288	356.84
Operating Income	553.16	488.26	422.44	347.18	283.96	534.18
Interest Expense	-53.27	-49.8	-46.32	-48.14	-37.25	-20.34
Interest & Investment Income	4.09	5.84	4.57	7.16	8.23	3.62
Currency Exchange Gain (Loss)	2.49	2.49	2.51	1.68	7	-2.5
Other Non Operating Income (Expenses)	1.68	-1.11	-0.76	-1.13	-0.92	-0.97
EBT Excluding Unusual Items	508.15	445.68	382.45	306.75	261.02	513.98
Gain (Loss) on Sale of Investments	3.16	3.5	2.44	6.28	4.97	0.01
Gain (Loss) on Sale of Assets	-0.36	-0.45	-0.23	0.08	-0.18	-0.1
Other Unusual Items	40.52	30.48	18.49	16.87	24.65	28.16
Pretax Income	551.14	479.21	403.15	329.98	290.45	542.05
Income Tax Expense	87.41	73.36	59.43	51.33	41.15	72.29
Earnings From Continuing Operations	463.73	405.85	343.72	278.65	249.3	469.76
Minority Interest in Earnings	-20.67	-12.18	0.42	0	-	-
Net Income	443.06	393.68	344.13	278.65	249.3	469.76
Net Income to Common	443.06	393.68	344.13	278.65	249.3	469.76
Net Income Growth	23.79%	14.40%	23.50%	11.77%	-46.93%	-8.97%
Shares Outstanding (Basic)	835	838	839	844	831	839
Shares Outstanding (Diluted)	835	838	839	844	831	839
Shares Change (YoY)	-1.88%	-0.21%	-0.60%	1.61%	-0.94%	0.78%
EPS (Basic)	0.53	0.47	0.41	0.33	0.30	0.56
EPS (Diluted)	0.53	0.47	0.41	0.33	0.30	0.56
EPS Growth	26.16%	14.63%	24.24%	10.00%	-46.43%	-9.68%
Free Cash Flow	174.13	76.44	0.59	-114.78	20.12	-327.86
Free Cash Flow Per Share	0.21	0.09	0.00	-0.14	0.02	-0.39
Dividend Per Share	0.200	0.200	0.130	0.120	0.100	0.120
Dividend Growth	53.85%	53.85%	8.33%	20.00%	-16.67%	-6.69%
Gross Margin	28.44%	28.25%	28.71%	29.55%	28.24%	33.20%
Operating Margin	15.39%	15.28%	15.50%	15.53%	14.02%	19.90%
Profit Margin	12.33%	12.32%	12.63%	12.46%	12.31%	17.50%
Free Cash Flow Margin	4.85%	2.39%	0.02%	-5.13%	0.99%	-12.21%
EBITDA	862.22	784.93	669.53	569.36	458.55	680.95
EBITDA Margin	24.00%	24.56%	24.57%	25.47%	22.64%	25.37%
D&A For EBITDA	309.07	296.67	247.09	222.18	174.59	146.77
EBIT	553.16	488.26	422.44	347.18	283.96	534.18
EBIT Margin	15.39%	15.28%	15.50%	15.53%	14.02%	19.90%
Effective Tax Rate	15.86%	15.31%	14.74%	15.55%	14.17%	13.34%
Revenue as Reported	3,593	3,196	2,725	2,235	2,025	2,684

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