SHA:603797 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	1,021	1,039	1,372	1,429	784.93
Other Revenue	-	0.08	0.7	3.13	0.12
Revenue	1,021	1,039	1,373	1,432	785.05
Revenue Growth (YoY)	-1.78%	-24.30%	-4.15%	82.42%	30.05%
Cost of Revenue	398.72	400.63	700.85	781.12	239.98
Gross Profit	621.9	638.47	671.76	650.96	545.06
Selling, General & Admin	48.98	46.87	51.5	45.42	36.76
Research & Development	0.93	0.82	10.3	13.61	1.21
Other Operating Expenses	2.21	2.95	-12.08	-18.75	-8.15
Operating Expenses	52.11	137.33	124.07	40.28	31.17
Operating Income	569.79	501.14	547.69	610.68	513.89
Interest Expense	-	-257.48	-284.5	-257.06	-195.02
Interest & Investment Income	-	3.45	8.75	13.47	5.43
Earnings From Equity Investments	-6.23	-	-	-	1.18
Currency Exchange Gain (Loss)	-	-	0.03	0.03	-
Other Non Operating Income (Expenses)	-380.26	2.21	-3.14	-0.61	-1.06
EBT Excluding Unusual Items	183.3	249.31	268.84	366.51	324.43
Gain (Loss) on Sale of Investments	-	-0.03	-1.72	-1.13	-
Gain (Loss) on Sale of Assets	-	-1.74	0.11	0.02	46.13
Asset Writedown	-	-	-	-19.91	-0.02
Other Unusual Items	-	-13.37	2.54	9.85	2.25
Pretax Income	183.3	234.17	269.76	355.33	372.79
Income Tax Expense	49.17	49.37	40.03	60.05	58.82
Earnings From Continuing Operations	134.13	184.8	229.73	295.28	313.97
Minority Interest in Earnings	-5.43	-5.27	-7.15	-18.54	-10.52
Net Income	128.7	179.53	222.59	276.74	303.45
Net Income to Common	128.7	179.53	222.59	276.74	303.45
Net Income Growth	-28.31%	-19.34%	-19.57%	-8.80%	27.21%
Shares Outstanding (Basic)	585	579	571	577	514
Shares Outstanding (Diluted)	585	579	586	602	542
Shares Change (YoY)	1.01%	-1.13%	-2.64%	11.03%	18.13%
EPS (Basic)	0.22	0.31	0.39	0.48	0.59
EPS (Diluted)	0.22	0.31	0.38	0.46	0.56
EPS Growth	-29.03%	-18.42%	-17.39%	-17.86%	7.69%
Free Cash Flow	407.31	330.95	181.28	-413.33	-1,095
Free Cash Flow Per Share	0.70	0.57	0.31	-0.69	-2.02
Dividend Per Share	-	0.090	-	-	0.400
Gross Margin	60.93%	61.45%	48.94%	45.46%	69.43%
Operating Margin	55.83%	48.23%	39.90%	42.64%	65.46%
Profit Margin	12.61%	17.28%	16.22%	19.32%	38.65%
Free Cash Flow Margin	39.91%	31.85%	13.21%	-28.86%	-139.43%
EBITDA	736.59	673.27	725.44	750.02	597.61
EBITDA Margin	72.17%	64.79%	52.85%	52.37%	76.12%
D&A For EBITDA	166.8	172.13	177.75	139.33	83.72
EBIT	569.79	501.14	547.69	610.68	513.89
EBIT Margin	55.83%	48.23%	39.90%	42.64%	65.46%
Effective Tax Rate	26.83%	21.08%	14.84%	16.90%	15.78%
Revenue as Reported	-	1,039	1,373	1,432	785.05

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