SHA:603931 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	624.51	654.76	693.52	843.41	776.73	582.42
Other Revenue	1.29	1.29	1.81	4.19	2.89	1.12
Revenue	625.8	656.05	695.33	847.6	779.62	583.53
Revenue Growth (YoY)	-9.04%	-5.65%	-17.96%	8.72%	33.60%	11.24%
Cost of Revenue	423.91	423.66	435.34	591.39	565.36	414.53
Gross Profit	201.89	232.39	259.98	256.21	214.26	169.01
Selling, General & Admin	41.42	46.54	45.25	42.06	38.93	35.16
Research & Development	31.07	33.27	31.51	38.74	28.22	21.15
Other Operating Expenses	3.79	4.27	6.32	6.1	4.79	-4.45
Operating Expenses	75.62	83.44	83.17	86.4	73.9	52.68
Operating Income	126.27	148.95	176.81	169.81	140.36	116.33
Interest Expense	-0.43	-0.38	-	-0.01	-0.04	-1.47
Interest & Investment Income	19.41	19.6	18.76	24.19	11.08	5.49
Currency Exchange Gain (Loss)	2.23	2.23	0.54	4.45	-1.9	-2.67
Other Non Operating Income (Expenses)	-0.61	0.03	-0.13	-0.15	-0.07	-0.06
EBT Excluding Unusual Items	146.87	170.42	195.98	198.29	149.43	117.62
Gain (Loss) on Sale of Investments	0.73	-	-	-1.05	0.7	-0.04
Gain (Loss) on Sale of Assets	-0.07	-0.07	0.22	0	0.13	-
Asset Writedown	-5.32	-5.32	-	-20.71	-	-0
Other Unusual Items	3.69	3.53	5.79	9.41	11.22	-
Pretax Income	145.89	168.56	201.99	185.94	161.48	117.58
Income Tax Expense	18.28	22.3	26.91	22.53	20.94	16.73
Earnings From Continuing Operations	127.62	146.25	175.08	163.41	140.54	100.84
Minority Interest in Earnings	-0.01	-0	-0.01	-0.01	0	-
Net Income	127.6	146.25	175.07	163.39	140.54	100.84
Net Income to Common	127.6	146.25	175.07	163.39	140.54	100.84
Net Income Growth	-22.01%	-16.46%	7.15%	16.26%	39.37%	-1.59%
Shares Outstanding (Basic)	202	200	199	199	199	166
Shares Outstanding (Diluted)	202	200	199	199	199	166
Shares Change (YoY)	2.65%	0.70%	-0.16%	0.25%	19.66%	10.82%
EPS (Basic)	0.63	0.73	0.88	0.82	0.71	0.61
EPS (Diluted)	0.63	0.73	0.88	0.82	0.71	0.61
EPS Growth	-24.02%	-17.04%	7.32%	15.97%	16.47%	-11.20%
Free Cash Flow	138.93	169.52	111.97	36.96	36.99	98.28
Free Cash Flow Per Share	0.69	0.85	0.56	0.18	0.19	0.59
Dividend Per Share	0.220	0.220	0.265	0.250	0.214	0.153
Dividend Growth	-16.98%	-16.98%	6.00%	16.66%	39.97%	-8.21%
Gross Margin	32.26%	35.42%	37.39%	30.23%	27.48%	28.96%
Operating Margin	20.18%	22.70%	25.43%	20.04%	18.00%	19.93%
Profit Margin	20.39%	22.29%	25.18%	19.28%	18.03%	17.28%
Free Cash Flow Margin	22.20%	25.84%	16.10%	4.36%	4.75%	16.84%
EBITDA	190.91	198.43	206.09	191.32	161.57	140.48
EBITDA Margin	30.51%	30.25%	29.64%	22.57%	20.72%	24.07%
D&A For EBITDA	64.63	49.48	29.28	21.51	21.21	24.15
EBIT	126.27	148.95	176.81	169.81	140.36	116.33
EBIT Margin	20.18%	22.70%	25.43%	20.04%	18.00%	19.93%
Effective Tax Rate	12.53%	13.23%	13.32%	12.12%	12.97%	14.23%
Revenue as Reported	625.8	656.05	695.33	847.6	779.62	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.