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	Sep '26 Sep 30, 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	4,083	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	4,147	3,196	2,725	2,235	2,025	2,684
Revenue Growth	35.48%	17.29%	21.90%	10.39%	-24.55%	18.99%
Cost of Revenue	2,974	2,293	1,942	1,575	1,453	1,793
Gross Profit	1,173	902.86	782.39	660.65	571.96	891.01
Selling, General & Admin	261.47	222.53	192.97	164.91	172.32	211.62
Research & Development	192.69	152.49	136.66	112.46	95.19	133.87
Other Operating Expenses	66.55	29.8	2.99	24.15	13.37	13.47
Operating Expenses	545.84	414.6	359.95	313.47	288	356.84
Operating Income	627.12	488.26	422.44	347.18	283.96	534.18
Interest Expense	-39.01	-49.8	-46.32	-48.14	-37.25	-20.34
Interest & Investment Income	2.76	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)	-6.87	-1.11	-0.76	-1.13	-0.92	-0.97
EBT Excluding Unusual Items	586.49	445.68	382.45	306.75	261.02	513.98
Gain (Loss) on Sale of Investments	2.33	3.5	2.44	6.28	4.97	0.01
Gain (Loss) on Sale of Assets	-0.18	-0.45	-0.23	0.08	-0.18	-0.1
Other Unusual Items	50.52	30.48	18.49	16.87	24.65	28.16
Pretax Income	639.87	479.21	403.15	329.98	290.45	542.05
Income Tax Expense	96.16	73.36	59.43	51.33	41.15	72.29
Earnings From Continuing Operations	543.71	405.85	343.72	278.65	249.3	469.76
Minority Interest in Earnings	-30.87	-12.18	0.42	0	-	-
Net Income	512.84	393.68	344.13	278.65	249.3	469.76
Net Income to Common	512.84	393.68	344.13	278.65	249.3	469.76
Net Income Growth	35.11%	14.40%	23.50%	11.77%	-46.93%	-8.97%
Shares Outstanding (Basic)	842	838	839	844	831	839
Shares Outstanding (Diluted)	842	838	839	844	831	839
Shares Change	-0.31%	-0.21%	-0.60%	1.61%	-0.94%	0.78%
EPS (Basic)	0.61	0.47	0.41	0.33	0.30	0.56
EPS (Diluted)	0.61	0.47	0.41	0.33	0.30	0.56
EPS Growth	35.53%	14.63%	24.24%	10.00%	-46.43%	-9.68%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	44.27	76.44	0.59	-114.78	20.12	-327.86
Free Cash Flow Per Share	0.05	0.09	0.00	-0.14	0.02	-0.39
Dividend Per Share	0.100	0.200	0.130	0.120	0.100	0.120
Dividend Growth	-33.33%	53.85%	8.33%	20.00%	-16.67%	-6.69%
Gross Margin	28.29%	28.25%	28.71%	29.55%	28.24%	33.20%
Operating Margin	15.12%	15.28%	15.50%	15.53%	14.02%	19.90%
Profit Margin	12.37%	12.32%	12.63%	12.46%	12.31%	17.50%
Free Cash Flow Margin	1.07%	2.39%	0.02%	-5.13%	0.99%	-12.21%
EBITDA	960.98	784.93	669.53	569.36	458.55	680.95
EBITDA Margin	23.17%	24.56%	24.57%	25.47%	22.64%	25.37%
D&A For EBITDA	333.86	296.67	247.09	222.18	174.59	146.77
EBIT	627.12	488.26	422.44	347.18	283.96	534.18
EBIT Margin	15.12%	15.28%	15.50%	15.53%	14.02%	19.90%
Effective Tax Rate	15.03%	15.31%	14.74%	15.55%	14.17%	13.34%
Revenue as Reported	4,147	3,196	2,725	2,235	2,025	2,684