SHA:603790 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	873.63	825.46	854.22	772.75	768.22	929.58
Other Revenue	2.89	2.89	3.02	1.2	-	-
Revenue	876.52	828.36	857.25	773.95	768.22	929.58
Revenue Growth (YoY)	1.13%	-3.37%	10.76%	0.75%	-17.36%	15.64%
Cost of Revenue	583.81	552.19	601.25	552.29	554.44	670.38
Gross Profit	292.71	276.17	256	221.66	213.78	259.2
Selling, General & Admin	132.22	132.59	134.68	124.1	115.63	127.01
Research & Development	41.44	40.58	43.55	41.08	46.06	45.34
Other Operating Expenses	6.8	6.81	1.41	5.27	5.32	5.68
Operating Expenses	184.2	179.41	185.38	175.67	174.97	184.55
Operating Income	108.52	96.76	70.62	45.98	38.8	74.65
Interest Expense	-5.08	-5.55	-6.62	-6.1	-5.06	-4.4
Interest & Investment Income	2.21	2.25	1.1	1.73	1.73	1.33
Currency Exchange Gain (Loss)	-1.58	-1.58	2.3	1.25	4.34	-1.19
Other Non Operating Income (Expenses)	-2	-0.71	-1.96	-0.32	-1.04	-0.55
EBT Excluding Unusual Items	102.07	91.17	65.43	42.55	38.77	69.83
Gain (Loss) on Sale of Investments	0.34	-	-3.44	-0.67	-0.81	-0.9
Gain (Loss) on Sale of Assets	0.18	0.09	0.04	-0.23	-0.56	-2.69
Asset Writedown	-14.91	-14.5	-	-	-	-
Other Unusual Items	3.29	3.29	4.7	4.6	7.33	7.43
Pretax Income	90.97	80.05	66.73	46.24	44.73	73.68
Income Tax Expense	8.03	6.94	11.48	4.68	5.45	7.93
Earnings From Continuing Operations	82.94	73.11	55.24	41.56	39.29	65.75
Minority Interest in Earnings	-1.86	-1.11	1.7	2.27	1.98	2.68
Net Income	81.09	72	56.94	43.83	41.27	68.43
Net Income to Common	81.09	72	56.94	43.83	41.27	68.43
Net Income Growth	36.28%	26.44%	29.90%	6.21%	-39.69%	24.29%
Shares Outstanding (Basic)	188	189	190	191	188	190
Shares Outstanding (Diluted)	188	189	190	191	188	190
Shares Change (YoY)	-1.29%	-0.18%	-0.41%	1.59%	-1.31%	0.12%
EPS (Basic)	0.43	0.38	0.30	0.23	0.22	0.36
EPS (Diluted)	0.43	0.38	0.30	0.23	0.22	0.36
EPS Growth	38.05%	26.67%	30.44%	4.54%	-38.89%	24.14%
Free Cash Flow	57.27	50.88	57.42	34.72	-2.08	-90.97
Free Cash Flow Per Share	0.30	0.27	0.30	0.18	-0.01	-0.48
Dividend Per Share	0.130	0.130	0.120	0.100	0.080	0.120
Dividend Growth	8.33%	8.33%	20.00%	25.00%	-33.33%	20.00%
Gross Margin	33.40%	33.34%	29.86%	28.64%	27.83%	27.88%
Operating Margin	12.38%	11.68%	8.24%	5.94%	5.05%	8.03%
Profit Margin	9.25%	8.69%	6.64%	5.66%	5.37%	7.36%
Free Cash Flow Margin	6.53%	6.14%	6.70%	4.49%	-0.27%	-9.79%
EBITDA	145.33	133.6	107.55	71.06	56.91	92.45
EBITDA Margin	16.58%	16.13%	12.55%	9.18%	7.41%	9.95%
D&A For EBITDA	36.82	36.84	36.93	25.08	18.11	17.8
EBIT	108.52	96.76	70.62	45.98	38.8	74.65
EBIT Margin	12.38%	11.68%	8.24%	5.94%	5.05%	8.03%
Effective Tax Rate	8.82%	8.67%	17.21%	10.12%	12.18%	10.76%
Revenue as Reported	876.52	828.36	857.25	773.95	768.22	929.58
Advertising Expenses	-	1.49	1.55	1.05	0.51	2.3

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