SHA:603788 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	1,556	1,578	1,440	1,243	1,012	908.26
Other Revenue	3.81	3.81	20.84	20.13	25.42	33.74
Revenue	1,560	1,582	1,461	1,263	1,037	942
Revenue Growth (YoY)	4.11%	8.29%	15.61%	21.79%	10.13%	5.67%
Cost of Revenue	1,182	1,208	1,137	978.87	799.43	696.88
Gross Profit	378.4	373.47	323.53	284.6	238.03	245.12
Selling, General & Admin	76.44	74.18	66.96	66.97	68.83	65.55
Research & Development	74	71.99	66.09	62.44	56.24	51.39
Other Operating Expenses	7.1	7.62	3.95	3.74	7.13	6.87
Operating Expenses	158.04	154.29	140.5	141.34	139.24	127.03
Operating Income	220.36	219.18	183.03	143.26	98.79	118.09
Interest Expense	-1.13	-1.13	-1.75	-0.5	-0.96	-1.25
Interest & Investment Income	17.29	17.38	25.25	33.08	36.49	41.62
Currency Exchange Gain (Loss)	-0.08	-0.08	-0	-0.01	-	-
Other Non Operating Income (Expenses)	2.16	1.98	-2.91	-1.54	0.38	-0.36
EBT Excluding Unusual Items	238.61	237.34	203.63	174.3	134.7	158.1
Gain (Loss) on Sale of Investments	-0.01	-0.01	0.95	-4.47	-4.78	2.89
Gain (Loss) on Sale of Assets	0.06	0.01	-0.13	-0.01	-0.04	-0.09
Other Unusual Items	8.25	8.25	7.92	9.97	4.48	5.3
Pretax Income	246.91	245.59	212.37	179.79	134.35	166.19
Income Tax Expense	31.29	30.6	22.75	17.36	19.62	20.73
Earnings From Continuing Operations	215.62	214.98	189.63	162.43	114.73	145.46
Minority Interest in Earnings	1.26	1.21	0.96	0.21	0.18	0
Net Income	216.89	216.19	190.59	162.64	114.91	145.46
Net Income to Common	216.89	216.19	190.59	162.64	114.91	145.46
Net Income Growth	10.59%	13.43%	17.18%	41.53%	-21.00%	-18.88%
Shares Outstanding (Basic)	224	223	224	223	221	223
Shares Outstanding (Diluted)	224	223	224	223	221	223
Shares Change (YoY)	0.43%	-0.60%	0.64%	0.82%	-0.93%	-
EPS (Basic)	0.97	0.97	0.85	0.73	0.52	0.65
EPS (Diluted)	0.97	0.97	0.85	0.73	0.52	0.65
EPS Growth	10.11%	14.12%	16.44%	40.38%	-20.00%	-18.75%
Free Cash Flow	33.66	28.93	-24.03	-39.23	-49.85	140.75
Free Cash Flow Per Share	0.15	0.13	-0.11	-0.18	-0.23	0.63
Dividend Per Share	0.800	0.800	0.700	0.600	0.500	0.500
Dividend Growth	14.29%	14.29%	16.67%	20.00%	-	-16.67%
Gross Margin	24.25%	23.61%	22.15%	22.53%	22.94%	26.02%
Operating Margin	14.12%	13.86%	12.53%	11.34%	9.52%	12.54%
Profit Margin	13.90%	13.67%	13.05%	12.87%	11.08%	15.44%
Free Cash Flow Margin	2.16%	1.83%	-1.65%	-3.10%	-4.81%	14.94%
EBITDA	254.76	251.59	207.46	165.02	121.86	137.93
EBITDA Margin	16.33%	15.91%	14.20%	13.06%	11.75%	14.64%
D&A For EBITDA	34.4	32.41	24.43	21.75	23.07	19.84
EBIT	220.36	219.18	183.03	143.26	98.79	118.09
EBIT Margin	14.12%	13.86%	12.53%	11.34%	9.52%	12.54%
Effective Tax Rate	12.67%	12.46%	10.71%	9.66%	14.60%	12.47%
Revenue as Reported	1,582	1,582	1,461	1,263	1,037	942

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