SHA:603648 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,537	1,519	1,632	1,637	1,591
Other Revenue	-	0.18	0.47	0.42	1.92
Revenue	1,537	1,519	1,632	1,638	1,593
Revenue Growth (YoY)	1.17%	-6.90%	-0.34%	2.80%	5.02%
Cost of Revenue	1,384	1,190	1,315	1,325	1,281
Gross Profit	152.82	329.62	317.09	313.03	311.7
Selling, General & Admin	-	116.54	121.85	123.3	110.76
Research & Development	-	28.54	40.08	24.59	30.61
Other Operating Expenses	-	14.23	2.28	-1.87	3.17
Operating Expenses	-	166.7	168.61	155.38	145.7
Operating Income	152.82	162.92	148.48	157.65	166
Interest Expense	-	-12.13	-14.34	-11.26	-11.63
Interest & Investment Income	-	14.46	28.27	29.03	27.23
Currency Exchange Gain (Loss)	-	0.23	0.57	2.11	-1.9
Other Non Operating Income (Expenses)	3.36	-0.75	-0.43	-0.4	-0.57
EBT Excluding Unusual Items	156.18	164.73	162.56	177.12	179.14
Gain (Loss) on Sale of Investments	-	-7.64	8.3	7.63	-
Gain (Loss) on Sale of Assets	-	-0.36	-0.46	1.83	0.69
Other Unusual Items	-	9.12	9.05	5.02	4.82
Pretax Income	156.18	165.86	179.46	191.6	184.64
Income Tax Expense	32.99	27.16	21.86	26.63	35.84
Earnings From Continuing Operations	123.19	138.7	157.6	164.97	148.8
Minority Interest in Earnings	-	-7.8	-4.47	-2.9	-3.29
Net Income	123.19	130.9	153.12	162.07	145.51
Net Income to Common	123.19	130.9	153.12	162.07	145.51
Net Income Growth	-5.88%	-14.51%	-5.52%	11.38%	30.80%
Shares Outstanding (Basic)	362	362	362	364	369
Shares Outstanding (Diluted)	362	362	362	364	369
Shares Change (YoY)	0.01%	-0.01%	-0.31%	-1.39%	0.01%
EPS (Basic)	0.34	0.36	0.42	0.45	0.39
EPS (Diluted)	0.34	0.36	0.42	0.45	0.39
EPS Growth	-5.90%	-14.51%	-5.23%	12.95%	30.78%
Free Cash Flow	-	172.45	167.88	149.88	229.98
Free Cash Flow Per Share	-	0.48	0.46	0.41	0.62
Dividend Per Share	-	0.300	0.350	0.350	0.300
Dividend Growth	-	-14.29%	-	16.67%	66.67%
Gross Margin	9.94%	21.69%	19.43%	19.11%	19.57%
Operating Margin	9.94%	10.72%	9.10%	9.63%	10.42%
Profit Margin	8.01%	8.62%	9.38%	9.90%	9.13%
Free Cash Flow Margin	-	11.35%	10.29%	9.15%	14.44%
EBITDA	211.31	221.41	203.96	212.99	221.61
EBITDA Margin	13.75%	14.57%	12.50%	13.01%	13.91%
D&A For EBITDA	58.49	58.49	55.48	55.34	55.6
EBIT	152.82	162.92	148.48	157.65	166
EBIT Margin	9.94%	10.72%	9.10%	9.63%	10.42%
Effective Tax Rate	21.12%	16.38%	12.18%	13.90%	19.41%
Revenue as Reported	-	1,519	1,632	1,638	1,593

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.