SHA:603657 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	2,474	2,093	1,778	1,894	1,272	838.18
Other Revenue	29.59	29.59	41.7	27.64	22.22	15.82
Revenue	2,504	2,122	1,820	1,921	1,295	854
Revenue Growth (YoY)	28.12%	16.62%	-5.28%	48.42%	51.59%	51.72%
Cost of Revenue	2,281	1,917	1,605	1,660	1,031	595.62
Gross Profit	222.51	205.56	214.59	261.42	263.96	258.38
Selling, General & Admin	145.27	123.79	119.44	98.55	88.6	66.35
Research & Development	76.78	67.78	64.62	65.77	45.78	27.18
Other Operating Expenses	-10.19	-3.12	10.77	6.36	6.81	5.24
Operating Expenses	215.62	199.61	190.29	178.7	148.56	107.07
Operating Income	6.89	5.95	24.3	82.73	115.39	151.31
Interest Expense	-13.5	-11.13	-7.93	-7.93	-8.25	-0.01
Interest & Investment Income	8.56	12.37	13.3	8.46	7.25	13.39
Currency Exchange Gain (Loss)	10.83	10.83	4.06	31.01	-5.72	-8.82
Other Non Operating Income (Expenses)	-7.02	-0.49	-0.44	-0.3	-0.31	-0.27
EBT Excluding Unusual Items	5.76	17.52	33.28	113.97	108.37	155.61
Gain (Loss) on Sale of Investments	-0.01	-0.3	-0.82	0.32	0.58	-
Gain (Loss) on Sale of Assets	1.03	0.35	-0.79	-0.03	-0.16	0.04
Asset Writedown	5.07	-	-2.07	-8.62	-	-
Other Unusual Items	2.06	4.48	7.69	13.05	14.74	9.75
Pretax Income	13.91	22.05	37.3	118.68	123.54	165.4
Income Tax Expense	6.04	8.19	10.25	6.31	16.63	22.95
Earnings From Continuing Operations	7.87	13.86	27.05	112.37	106.9	142.45
Minority Interest in Earnings	6.56	0.46	-2.05	-13.96	3.53	-
Net Income	14.43	14.31	25	98.41	110.43	142.45
Net Income to Common	14.43	14.31	25	98.41	110.43	142.45
Net Income Growth	-	-42.73%	-74.60%	-10.89%	-22.47%	33.62%
Shares Outstanding (Basic)	116	143	139	135	135	134
Shares Outstanding (Diluted)	116	143	139	135	135	134
Shares Change (YoY)	-24.68%	3.08%	3.01%	0.10%	0.22%	-0.42%
EPS (Basic)	0.12	0.10	0.18	0.73	0.82	1.06
EPS (Diluted)	0.12	0.10	0.18	0.73	0.82	1.06
EPS Growth	-	-44.44%	-75.34%	-10.98%	-22.64%	34.18%
Free Cash Flow	-5.73	-74.92	-154.64	235.19	-52.4	-33.17
Free Cash Flow Per Share	-0.05	-0.52	-1.11	1.75	-0.39	-0.25
Dividend Per Share	0.035	0.035	0.100	0.300	0.300	0.500
Dividend Growth	-65.00%	-65.00%	-66.67%	-	-40.00%	40.02%
Gross Margin	8.89%	9.69%	11.79%	13.61%	20.39%	30.25%
Operating Margin	0.27%	0.28%	1.33%	4.30%	8.91%	17.72%
Profit Margin	0.58%	0.67%	1.37%	5.12%	8.53%	16.68%
Free Cash Flow Margin	-0.23%	-3.53%	-8.50%	12.24%	-4.05%	-3.88%
EBITDA	66.97	62.69	76.61	123.12	144.93	170.84
EBITDA Margin	2.67%	2.95%	4.21%	6.41%	11.20%	20.00%
D&A For EBITDA	60.07	56.75	52.31	40.4	29.53	19.53
EBIT	6.89	5.95	24.3	82.73	115.39	151.31
EBIT Margin	0.27%	0.28%	1.33%	4.30%	8.91%	17.72%
Effective Tax Rate	43.45%	37.15%	27.47%	5.32%	13.46%	13.88%
Revenue as Reported	2,504	2,122	1,820	1,921	1,295	854
Advertising Expenses	-	0.56	0.75	0.83	0.36	0.37

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