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	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	1,571	1,537	1,519	1,632	1,637	1,591
Other Revenue	0.52	0.33	0.18	0.47	0.42	1.92
Revenue	1,571	1,537	1,519	1,632	1,638	1,593
Revenue Growth	9.87%	1.17%	-6.90%	-0.34%	2.80%	5.02%
Cost of Revenue	1,244	1,231	1,190	1,315	1,325	1,281
Gross Profit	327.15	305.89	329.62	317.09	313.03	311.7
Selling, General & Admin	112.44	110.79	116.54	121.85	123.3	110.76
Research & Development	31.62	32.35	28.54	40.08	24.59	30.61
Other Operating Expenses	16.07	14.55	14.23	2.28	-1.87	3.17
Operating Expenses	159.36	155.87	166.7	168.61	155.38	145.7
Operating Income	167.79	150.03	162.92	148.48	157.65	166
Interest Expense	-8.4	-9.32	-12.13	-14.34	-11.26	-11.63
Interest & Investment Income	11.16	17.34	14.46	28.27	29.03	27.23
Currency Exchange Gain (Loss)	-0.45	0.68	0.23	0.57	2.11	-1.9
Other Non Operating Income (Expenses)	0.37	-0.37	-0.75	-0.43	-0.4	-0.57
EBT Excluding Unusual Items	170.48	158.35	164.73	162.56	177.12	179.14
Gain (Loss) on Sale of Investments	-20.82	-11.2	-7.64	8.3	7.63	-
Gain (Loss) on Sale of Assets	-0.15	0.07	-0.36	-0.46	1.83	0.69
Other Unusual Items	9.46	8.97	9.12	9.05	5.02	4.82
Pretax Income	158.96	156.18	165.86	179.46	191.6	184.64
Income Tax Expense	28.44	26.97	27.16	21.86	26.63	35.84
Earnings From Continuing Operations	130.52	129.22	138.7	157.6	164.97	148.8
Minority Interest in Earnings	-5.5	-6.02	-7.8	-4.47	-2.9	-3.29
Net Income	125.02	123.19	130.9	153.12	162.07	145.51
Net Income to Common	125.02	123.19	130.9	153.12	162.07	145.51
Net Income Growth	4.88%	-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	0.20%	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	4.67%	-5.90%	-14.51%	-5.23%	12.95%	30.78%

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	248.61	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%	0%	16.67%	66.67%
Gross Margin	20.82%	19.90%	21.69%	19.43%	19.11%	19.57%
Operating Margin	10.68%	9.76%	10.72%	9.10%	9.63%	10.42%
Profit Margin	7.96%	8.01%	8.62%	9.38%	9.90%	9.13%
Free Cash Flow Margin	15.82%	14.20%	11.35%	10.29%	9.15%	14.44%
EBITDA	224.96	205.84	222.06	203.96	212.99	221.61
EBITDA Margin	14.32%	13.39%	14.61%	12.50%	13.01%	13.91%
D&A For EBITDA	57.16	55.81	59.14	55.48	55.34	55.6
EBIT	167.79	150.03	162.92	148.48	157.65	166
EBIT Margin	10.68%	9.76%	10.72%	9.10%	9.63%	10.42%
Effective Tax Rate	17.89%	17.27%	16.38%	12.18%	13.90%	19.41%
Revenue as Reported	1,571	1,537	1,519	1,632	1,638	1,593