SHA:603909 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	7,632	6,605	3,942	1,257	837.86
Other Revenue	3.22	4.02	4.42	3.95	3.52
Revenue	7,635	6,609	3,946	1,261	841.38
Revenue Growth (YoY)	15.53%	67.49%	212.92%	49.88%	5.60%
Cost of Revenue	7,234	6,216	3,596	976.42	588.07
Gross Profit	401.02	393.14	349.65	284.6	253.31
Selling, General & Admin	160.63	152.94	146.3	130.99	119.16
Research & Development	38.29	40.71	36.21	33.99	31.25
Other Operating Expenses	17.99	15.32	14.76	6.94	2.72
Operating Expenses	244.83	247.54	251.8	213.86	195.53
Operating Income	156.19	145.61	97.85	70.75	57.78
Interest Expense	-0.68	-1.48	-1.78	-7.19	-9.77
Interest & Investment Income	7.32	8.43	3.83	6.57	1.26
Other Non Operating Income (Expenses)	-0.61	-3.04	-3.86	-1.59	-0.32
EBT Excluding Unusual Items	162.22	149.51	96.04	68.54	48.95
Gain (Loss) on Sale of Assets	0.12	0.47	-1.62	-0.03	-0.09
Other Unusual Items	5.19	4.48	2.71	3.61	1.89
Pretax Income	167.52	154.46	97.13	72.12	50.75
Income Tax Expense	34.27	31.56	16.88	10.24	5.74
Earnings From Continuing Operations	133.25	122.9	80.25	61.88	45.02
Minority Interest in Earnings	-24.06	-27.3	-14.32	-5.22	-4.59
Net Income	109.19	95.61	65.92	56.66	40.43
Net Income to Common	109.19	95.61	65.92	56.66	40.43
Net Income Growth	14.21%	45.03%	16.35%	40.16%	-14.34%
Shares Outstanding (Basic)	261	261	261	261	261
Shares Outstanding (Diluted)	261	261	261	261	261
Shares Change (YoY)	0.01%	-0.01%	0.02%	-0.01%	-0.26%
EPS (Basic)	0.42	0.37	0.25	0.22	0.16
EPS (Diluted)	0.42	0.37	0.25	0.22	0.16
EPS Growth	14.20%	45.04%	16.33%	40.17%	-14.12%
Free Cash Flow	408.11	455.8	427.69	191.49	49.91
Free Cash Flow Per Share	1.57	1.75	1.64	0.73	0.19
Dividend Per Share	0.150	0.120	0.080	0.046	0.032
Dividend Growth	25.00%	50.00%	73.16%	43.03%	-11.02%
Gross Margin	5.25%	5.95%	8.86%	22.57%	30.11%
Operating Margin	2.05%	2.20%	2.48%	5.61%	6.87%
Profit Margin	1.43%	1.45%	1.67%	4.49%	4.81%
Free Cash Flow Margin	5.34%	6.90%	10.84%	15.19%	5.93%
EBITDA	175.03	163.95	116.19	88.92	76.56
EBITDA Margin	2.29%	2.48%	2.94%	7.05%	9.10%
D&A For EBITDA	18.84	18.34	18.34	18.17	18.78
EBIT	156.19	145.61	97.85	70.75	57.78
EBIT Margin	2.05%	2.20%	2.48%	5.61%	6.87%
Effective Tax Rate	20.46%	20.43%	17.38%	14.19%	11.30%
Revenue as Reported	7,635	6,609	3,946	1,261	841.38

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