SHA:603701 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	1,012	913.52	698.22	639.26	483.32	581.39
Other Revenue	8.14	8.14	8.82	8.84	8.51	11.15
Revenue	1,020	921.66	707.03	648.1	491.83	592.54
Revenue Growth (YoY)	40.33%	30.36%	9.09%	31.77%	-16.99%	-1.20%
Cost of Revenue	893.93	808.84	617.9	547.27	402.07	480.76
Gross Profit	126.33	112.82	89.14	100.83	89.76	111.78
Selling, General & Admin	64.54	62.81	54.59	54.67	58.76	58.99
Research & Development	21.63	18.59	18.37	19.64	18.01	21.04
Other Operating Expenses	4.24	4.43	2.03	0.26	4.34	4.62
Operating Expenses	95.47	90.88	75.08	78.97	81.14	79.89
Operating Income	30.86	21.94	14.06	21.86	8.62	31.89
Interest Expense	-3.79	-3.79	-0.97	-0.04	-0.01	-0.14
Interest & Investment Income	1.03	1.06	14.55	2.7	4.57	2.81
Currency Exchange Gain (Loss)	0.02	0.02	0.11	0.05	0.57	-0.1
Other Non Operating Income (Expenses)	-5.55	-0.39	-0.41	-0.28	-0.17	-0.08
EBT Excluding Unusual Items	22.57	18.85	27.33	24.28	13.59	34.37
Gain (Loss) on Sale of Investments	-3.07	-3.02	1.49	1.93	1.24	0.6
Gain (Loss) on Sale of Assets	0.01	0.01	27.55	0.77	-0.03	1.97
Asset Writedown	-0.93	-	-	-	-	-0.01
Other Unusual Items	6.76	6.76	3.99	1.59	4.86	2.88
Pretax Income	25.34	22.6	60.37	28.57	19.65	39.82
Income Tax Expense	-2.89	-2.47	3.76	0.48	0.42	1.07
Earnings From Continuing Operations	28.22	25.07	56.61	28.09	19.24	38.75
Minority Interest in Earnings	-13.05	-13.53	-10.48	-8.13	-8.16	0.18
Net Income	15.17	11.54	46.13	19.96	11.08	38.93
Net Income to Common	15.17	11.54	46.13	19.96	11.08	38.93
Net Income Growth	-65.31%	-74.99%	131.13%	80.20%	-71.55%	-38.69%
Shares Outstanding (Basic)	299	288	256	249	277	260
Shares Outstanding (Diluted)	299	288	256	249	277	260
Shares Change (YoY)	16.86%	12.54%	2.72%	-9.90%	6.71%	2.18%
EPS (Basic)	0.05	0.04	0.18	0.08	0.04	0.15
EPS (Diluted)	0.05	0.04	0.18	0.08	0.04	0.15
EPS Growth	-70.31%	-77.78%	125.00%	100.00%	-73.33%	-40.00%
Free Cash Flow	-171.44	-246.5	28.24	-67.2	22.96	34.48
Free Cash Flow Per Share	-0.57	-0.85	0.11	-0.27	0.08	0.13
Dividend Per Share	0.040	0.040	0.040	0.025	-	0.050
Dividend Growth	-	-	60.00%	-	-	-
Gross Margin	12.38%	12.24%	12.61%	15.56%	18.25%	18.86%
Operating Margin	3.02%	2.38%	1.99%	3.37%	1.75%	5.38%
Profit Margin	1.49%	1.25%	6.53%	3.08%	2.25%	6.57%
Free Cash Flow Margin	-16.80%	-26.75%	3.99%	-10.37%	4.67%	5.82%
EBITDA	61.33	50.72	36.07	43.34	31.52	52.56
EBITDA Margin	6.01%	5.50%	5.10%	6.69%	6.41%	8.87%
D&A For EBITDA	30.47	28.78	22.01	21.48	22.9	20.67
EBIT	30.86	21.94	14.06	21.86	8.62	31.89
EBIT Margin	3.02%	2.38%	1.99%	3.37%	1.75%	5.38%
Effective Tax Rate	-	-	6.23%	1.66%	2.12%	2.69%
Revenue as Reported	921.66	921.66	707.03	648.1	491.83	592.54

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