SHA:603701 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	921.66	698.22	639.26	483.32	581.39
Other Revenue	-	8.82	8.84	8.51	11.15
Revenue	921.66	707.03	648.1	491.83	592.54
Revenue Growth (YoY)	30.36%	9.09%	31.77%	-16.99%	-1.20%
Cost of Revenue	798.6	617.9	547.27	402.07	480.76
Gross Profit	123.06	89.14	100.83	89.76	111.78
Selling, General & Admin	63.28	54.59	54.67	58.76	58.99
Research & Development	18.59	18.37	19.64	18.01	21.04
Other Operating Expenses	-0.17	2.03	0.26	4.34	4.62
Operating Expenses	81.7	75.08	78.97	81.14	79.89
Operating Income	41.36	14.06	21.86	8.62	31.89
Interest Expense	-	-0.97	-0.04	-0.01	-0.14
Interest & Investment Income	-	14.55	2.7	4.57	2.81
Currency Exchange Gain (Loss)	-	0.11	0.05	0.57	-0.1
Other Non Operating Income (Expenses)	-6.01	-0.41	-0.28	-0.17	-0.08
EBT Excluding Unusual Items	35.35	27.33	24.28	13.59	34.37
Gain (Loss) on Sale of Investments	-3.02	1.49	1.93	1.24	0.6
Gain (Loss) on Sale of Assets	0.01	27.55	0.77	-0.03	1.97
Asset Writedown	-9.73	-	-	-	-0.01
Other Unusual Items	-	3.99	1.59	4.86	2.88
Pretax Income	22.6	60.37	28.57	19.65	39.82
Income Tax Expense	-2.47	3.76	0.48	0.42	1.07
Earnings From Continuing Operations	25.07	56.61	28.09	19.24	38.75
Minority Interest in Earnings	-13.53	-10.48	-8.13	-8.16	0.18
Net Income	11.54	46.13	19.96	11.08	38.93
Net Income to Common	11.54	46.13	19.96	11.08	38.93
Net Income Growth	-74.99%	131.13%	80.20%	-71.55%	-38.69%
Shares Outstanding (Basic)	288	256	249	277	260
Shares Outstanding (Diluted)	288	256	249	277	260
Shares Change (YoY)	12.54%	2.72%	-9.90%	6.71%	2.18%
EPS (Basic)	0.04	0.18	0.08	0.04	0.15
EPS (Diluted)	0.04	0.18	0.08	0.04	0.15
EPS Growth	-77.78%	125.00%	100.00%	-73.33%	-40.00%
Free Cash Flow	-246.5	28.24	-67.2	22.96	34.48
Free Cash Flow Per Share	-0.85	0.11	-0.27	0.08	0.13
Dividend Per Share	-	0.040	0.025	-	0.050
Dividend Growth	-	60.00%	-	-	-
Gross Margin	13.35%	12.61%	15.56%	18.25%	18.86%
Operating Margin	4.49%	1.99%	3.37%	1.75%	5.38%
Profit Margin	1.25%	6.53%	3.08%	2.25%	6.57%
Free Cash Flow Margin	-26.75%	3.99%	-10.37%	4.67%	5.82%
EBITDA	71.38	35	43.34	31.52	52.56
EBITDA Margin	7.75%	4.95%	6.69%	6.41%	8.87%
D&A For EBITDA	30.02	20.94	21.48	22.9	20.67
EBIT	41.36	14.06	21.86	8.62	31.89
EBIT Margin	4.49%	1.99%	3.37%	1.75%	5.38%
Effective Tax Rate	-	6.23%	1.66%	2.12%	2.69%
Revenue as Reported	-	707.03	648.1	491.83	592.54

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