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	Jun '26 Jun 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	3,817	3,132	2,665	2,184	1,986	2,633
Other Revenue	72.38	63.92	59.45	51.29	39.34	50.83
Revenue	3,889	3,196	2,725	2,235	2,025	2,684
Revenue Growth	33.79%	17.29%	21.90%	10.39%	-24.55%	18.99%
Cost of Revenue	2,770	2,293	1,942	1,575	1,453	1,793
Gross Profit	1,119	902.86	782.39	660.65	571.96	891.01
Selling, General & Admin	246.41	222.53	192.97	164.91	172.32	211.62
Research & Development	176.94	152.49	136.66	112.46	95.19	133.87
Other Operating Expenses	52.26	29.8	2.99	24.15	13.37	13.47
Operating Expenses	499.89	414.6	359.95	313.47	288	356.84
Operating Income	619.41	488.26	422.44	347.18	283.96	534.18
Interest Expense	-54.92	-49.8	-46.32	-48.14	-37.25	-20.34
Interest & Investment Income	2.37	5.84	4.57	7.16	8.23	3.62
Currency Exchange Gain (Loss)	2.63	2.49	2.51	1.68	7	-2.5
Other Non Operating Income (Expenses)	-1.33	-1.11	-0.76	-1.13	-0.92	-0.97
EBT Excluding Unusual Items	568.16	445.68	382.45	306.75	261.02	513.98
Gain (Loss) on Sale of Investments	3.73	3.5	2.44	6.28	4.97	0.01
Gain (Loss) on Sale of Assets	0.99	-0.45	-0.23	0.08	-0.18	-0.1
Other Unusual Items	41.59	30.48	18.49	16.87	24.65	28.16
Pretax Income	614.47	479.21	403.15	329.98	290.45	542.05
Income Tax Expense	93.35	73.36	59.43	51.33	41.15	72.29
Earnings From Continuing Operations	521.11	405.85	343.72	278.65	249.3	469.76
Minority Interest in Earnings	-28.69	-12.18	0.42	0	-	-
Net Income	492.42	393.68	344.13	278.65	249.3	469.76
Net Income to Common	492.42	393.68	344.13	278.65	249.3	469.76
Net Income Growth	38.85%	14.40%	23.50%	11.77%	-46.93%	-8.97%
Shares Outstanding (Basic)	837	838	839	844	831	839
Shares Outstanding (Diluted)	837	838	839	844	831	839
Shares Change	-0.85%	-0.21%	-0.60%	1.61%	-0.94%	0.78%
EPS (Basic)	0.59	0.47	0.41	0.33	0.30	0.56
EPS (Diluted)	0.59	0.47	0.41	0.33	0.30	0.56
EPS Growth	40.05%	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	Jun '26 Jun 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	108.38	76.44	0.59	-114.78	20.12	-327.86
Free Cash Flow Per Share	0.13	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	28.78%	28.25%	28.71%	29.55%	28.24%	33.20%
Operating Margin	15.93%	15.28%	15.50%	15.53%	14.02%	19.90%
Profit Margin	12.66%	12.32%	12.63%	12.46%	12.31%	17.50%
Free Cash Flow Margin	2.79%	2.39%	0.02%	-5.13%	0.99%	-12.21%
EBITDA	970.1	784.93	669.53	569.36	458.55	680.95
EBITDA Margin	24.94%	24.56%	24.57%	25.47%	22.64%	25.37%
D&A For EBITDA	350.69	296.67	247.09	222.18	174.59	146.77
EBIT	619.41	488.26	422.44	347.18	283.96	534.18
EBIT Margin	15.93%	15.28%	15.50%	15.53%	14.02%	19.90%
Effective Tax Rate	15.19%	15.31%	14.74%	15.55%	14.17%	13.34%
Revenue as Reported	3,889	3,196	2,725	2,235	2,025	2,684