SHA:603648 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	1,384	1,519	1,632	1,637	1,591	1,514
Other Revenue	0.18	0.18	0.47	0.42	1.92	2.42
Revenue	1,384	1,519	1,632	1,638	1,593	1,517
Revenue Growth (YoY)	-18.20%	-6.90%	-0.34%	2.80%	5.02%	17.10%
Cost of Revenue	1,082	1,190	1,315	1,325	1,281	1,261
Gross Profit	302.06	329.62	317.09	313.03	311.7	255.61
Selling, General & Admin	109.68	116.54	121.85	123.3	110.76	108.61
Research & Development	34.24	28.54	40.08	24.59	30.61	27.59
Other Operating Expenses	13.13	14.23	2.28	-1.87	3.17	5.45
Operating Expenses	162.32	166.7	168.61	155.38	145.7	141.96
Operating Income	139.74	162.92	148.48	157.65	166	113.65
Interest Expense	-10.42	-12.13	-14.34	-11.26	-11.63	-
Interest & Investment Income	21.7	14.46	28.27	29.03	27.23	15.87
Currency Exchange Gain (Loss)	0.23	0.23	0.57	2.11	-1.9	-1.22
Other Non Operating Income (Expenses)	-4.55	-0.75	-0.43	-0.4	-0.57	-0.39
EBT Excluding Unusual Items	146.7	164.73	162.56	177.12	179.14	127.91
Gain (Loss) on Sale of Investments	-13.98	-7.64	8.3	7.63	-	-
Gain (Loss) on Sale of Assets	0.15	-0.36	-0.46	1.83	0.69	-0.08
Asset Writedown	0.04	-	-	-	-	-
Other Unusual Items	9.12	9.12	9.05	5.02	4.82	11.87
Pretax Income	142.03	165.86	179.46	191.6	184.64	139.71
Income Tax Expense	25.77	27.16	21.86	26.63	35.84	27.45
Earnings From Continuing Operations	116.26	138.7	157.6	164.97	148.8	112.25
Minority Interest in Earnings	-6.56	-7.8	-4.47	-2.9	-3.29	-1.01
Net Income	109.7	130.9	153.12	162.07	145.51	111.25
Net Income to Common	109.7	130.9	153.12	162.07	145.51	111.25
Net Income Growth	-24.55%	-14.51%	-5.52%	11.38%	30.80%	-6.03%
Shares Outstanding (Basic)	362	362	362	364	369	369
Shares Outstanding (Diluted)	362	362	362	364	369	369
Shares Change (YoY)	0.01%	-0.01%	-0.31%	-1.39%	0.01%	-0.02%
EPS (Basic)	0.30	0.36	0.42	0.45	0.39	0.30
EPS (Diluted)	0.30	0.36	0.42	0.45	0.39	0.30
EPS Growth	-24.55%	-14.51%	-5.23%	12.95%	30.78%	-6.01%
Free Cash Flow	262.69	172.45	167.88	149.88	229.98	154.51
Free Cash Flow Per Share	0.72	0.48	0.46	0.41	0.62	0.42
Dividend Per Share	0.300	0.300	0.350	0.350	0.300	0.180
Dividend Growth	-14.29%	-14.29%	-	16.67%	66.67%	-
Gross Margin	21.82%	21.69%	19.43%	19.11%	19.57%	16.85%
Operating Margin	10.10%	10.72%	9.10%	9.63%	10.42%	7.49%
Profit Margin	7.93%	8.62%	9.38%	9.90%	9.13%	7.33%
Free Cash Flow Margin	18.98%	11.35%	10.29%	9.15%	14.44%	10.19%
EBITDA	200.49	221.41	203.96	212.99	221.61	172.24
EBITDA Margin	14.49%	14.57%	12.50%	13.01%	13.91%	11.36%
D&A For EBITDA	60.75	58.49	55.48	55.34	55.6	58.59
EBIT	139.74	162.92	148.48	157.65	166	113.65
EBIT Margin	10.10%	10.72%	9.10%	9.63%	10.42%	7.49%
Effective Tax Rate	18.15%	16.38%	12.18%	13.90%	19.41%	19.65%
Revenue as Reported	1,384	1,519	1,632	1,638	1,593	1,517

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.