SHA:603648 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	1,555	1,537	1,519	1,632	1,637	1,591
Other Revenue	0.33	0.33	0.18	0.47	0.42	1.92
Revenue	1,556	1,537	1,519	1,632	1,638	1,593
Revenue Growth (YoY)	7.67%	1.17%	-6.90%	-0.34%	2.80%	5.02%
Cost of Revenue	1,239	1,231	1,190	1,315	1,325	1,281
Gross Profit	316.62	305.89	329.62	317.09	313.03	311.7
Selling, General & Admin	112.06	110.79	116.54	121.85	123.3	110.76
Research & Development	32.16	32.35	28.54	40.08	24.59	30.61
Other Operating Expenses	14.77	14.55	14.23	2.28	-1.87	3.17
Operating Expenses	157.56	155.87	166.7	168.61	155.38	145.7
Operating Income	159.06	150.03	162.92	148.48	157.65	166
Interest Expense	-9.07	-9.32	-12.13	-14.34	-11.26	-11.63
Interest & Investment Income	13.71	17.34	14.46	28.27	29.03	27.23
Currency Exchange Gain (Loss)	0.68	0.68	0.23	0.57	2.11	-1.9
Other Non Operating Income (Expenses)	-0.79	-0.37	-0.75	-0.43	-0.4	-0.57
EBT Excluding Unusual Items	163.58	158.35	164.73	162.56	177.12	179.14
Gain (Loss) on Sale of Investments	-16.75	-11.2	-7.64	8.3	7.63	-
Gain (Loss) on Sale of Assets	-0.11	0.07	-0.36	-0.46	1.83	0.69
Asset Writedown	-0.04	-	-	-	-	-
Other Unusual Items	8.97	8.97	9.12	9.05	5.02	4.82
Pretax Income	155.66	156.18	165.86	179.46	191.6	184.64
Income Tax Expense	26.15	26.97	27.16	21.86	26.63	35.84
Earnings From Continuing Operations	129.51	129.22	138.7	157.6	164.97	148.8
Minority Interest in Earnings	-4.74	-6.02	-7.8	-4.47	-2.9	-3.29
Net Income	124.77	123.19	130.9	153.12	162.07	145.51
Net Income to Common	124.77	123.19	130.9	153.12	162.07	145.51
Net Income Growth	2.21%	-5.88%	-14.51%	-5.52%	11.38%	30.80%
Shares Outstanding (Basic)	362	362	362	362	364	369
Shares Outstanding (Diluted)	362	362	362	362	364	369
Shares Change (YoY)	0.04%	0.01%	-0.01%	-0.31%	-1.39%	0.01%
EPS (Basic)	0.34	0.34	0.36	0.42	0.45	0.39
EPS (Diluted)	0.34	0.34	0.36	0.42	0.45	0.39
EPS Growth	2.17%	-5.90%	-14.51%	-5.23%	12.95%	30.78%
Free Cash Flow	251.88	218.25	172.45	167.88	149.88	229.98
Free Cash Flow Per Share	0.69	0.60	0.48	0.46	0.41	0.62
Dividend Per Share	0.320	0.320	0.300	0.350	0.350	0.300
Dividend Growth	6.67%	6.67%	-14.29%	-	16.67%	66.67%
Gross Margin	20.35%	19.90%	21.69%	19.43%	19.11%	19.57%
Operating Margin	10.22%	9.76%	10.72%	9.10%	9.63%	10.42%
Profit Margin	8.02%	8.01%	8.62%	9.38%	9.90%	9.13%
Free Cash Flow Margin	16.19%	14.20%	11.35%	10.29%	9.15%	14.44%
EBITDA	214.04	205.84	222.06	203.96	212.99	221.61
EBITDA Margin	13.76%	13.39%	14.61%	12.50%	13.01%	13.91%
D&A For EBITDA	54.98	55.81	59.14	55.48	55.34	55.6
EBIT	159.06	150.03	162.92	148.48	157.65	166
EBIT Margin	10.22%	9.76%	10.72%	9.10%	9.63%	10.42%
Effective Tax Rate	16.80%	17.27%	16.38%	12.18%	13.90%	19.41%
Revenue as Reported	1,556	1,537	1,519	1,632	1,638	1,593

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