SHA:603701 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	865.24	698.22	639.26	483.32	581.39	590.34
Other Revenue	8.82	8.82	8.84	8.51	11.15	9.42
Revenue	874.05	707.03	648.1	491.83	592.54	599.76
Revenue Growth (YoY)	25.77%	9.09%	31.77%	-16.99%	-1.20%	25.95%
Cost of Revenue	758.76	617.9	547.27	402.07	480.76	445.79
Gross Profit	115.3	89.14	100.83	89.76	111.78	153.97
Selling, General & Admin	57.29	54.59	54.67	58.76	58.99	56.93
Research & Development	16.19	18.37	19.64	18.01	21.04	19.21
Other Operating Expenses	3.66	2.03	0.26	4.34	4.62	4.17
Operating Expenses	84.36	75.08	78.97	81.14	79.89	84.62
Operating Income	30.94	14.06	21.86	8.62	31.89	69.36
Interest Expense	-3.33	-0.97	-0.04	-0.01	-0.14	-0.64
Interest & Investment Income	1.25	14.55	2.7	4.57	2.81	2.16
Currency Exchange Gain (Loss)	0.11	0.11	0.05	0.57	-0.1	0.82
Other Non Operating Income (Expenses)	-0.3	-0.41	-0.28	-0.17	-0.08	-0.11
EBT Excluding Unusual Items	28.68	27.33	24.28	13.59	34.37	71.58
Gain (Loss) on Sale of Investments	-2.79	1.49	1.93	1.24	0.6	-0.91
Gain (Loss) on Sale of Assets	27.46	27.55	0.77	-0.03	1.97	-0.22
Asset Writedown	-0.49	-	-	-	-0.01	-0.02
Other Unusual Items	5.96	3.99	1.59	4.86	2.88	2.47
Pretax Income	58.81	60.37	28.57	19.65	39.82	72.89
Income Tax Expense	1.66	3.76	0.48	0.42	1.07	9.27
Earnings From Continuing Operations	57.15	56.61	28.09	19.24	38.75	63.63
Minority Interest in Earnings	-14.67	-10.48	-8.13	-8.16	0.18	-0.14
Net Income	42.48	46.13	19.96	11.08	38.93	63.49
Net Income to Common	42.48	46.13	19.96	11.08	38.93	63.49
Net Income Growth	108.27%	131.13%	80.20%	-71.55%	-38.69%	10.39%
Shares Outstanding (Basic)	280	256	249	277	260	254
Shares Outstanding (Diluted)	280	256	249	277	260	254
Shares Change (YoY)	27.60%	2.72%	-9.90%	6.71%	2.18%	-2.86%
EPS (Basic)	0.15	0.18	0.08	0.04	0.15	0.25
EPS (Diluted)	0.15	0.18	0.08	0.04	0.15	0.25
EPS Growth	63.22%	125.00%	100.00%	-73.33%	-40.00%	13.64%
Free Cash Flow	-168.47	28.24	-67.2	22.96	34.48	-15.23
Free Cash Flow Per Share	-0.60	0.11	-0.27	0.08	0.13	-0.06
Dividend Per Share	0.040	0.040	0.025	-	0.050	0.050
Dividend Growth	60.00%	60.00%	-	-	-	-67.49%
Gross Margin	13.19%	12.61%	15.56%	18.25%	18.86%	25.67%
Operating Margin	3.54%	1.99%	3.37%	1.75%	5.38%	11.56%
Profit Margin	4.86%	6.53%	3.08%	2.25%	6.57%	10.59%
Free Cash Flow Margin	-19.28%	3.99%	-10.37%	4.67%	5.82%	-2.54%
EBITDA	51.47	35	43.34	31.52	52.56	86.99
EBITDA Margin	5.89%	4.95%	6.69%	6.41%	8.87%	14.51%
D&A For EBITDA	20.53	20.94	21.48	22.9	20.67	17.64
EBIT	30.94	14.06	21.86	8.62	31.89	69.36
EBIT Margin	3.54%	1.99%	3.37%	1.75%	5.38%	11.56%
Effective Tax Rate	2.82%	6.23%	1.66%	2.12%	2.69%	12.71%
Revenue as Reported	874.05	707.03	648.1	491.83	592.54	599.76
Advertising Expenses	-	-	-	-	-	0.05

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