SHA:603987 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	2,281	2,293	2,252	2,444	3,112	3,088
Other Revenue	5.71	5.71	9	8.28	7.01	9.48
Revenue	2,287	2,298	2,261	2,453	3,119	3,097
Revenue Growth (YoY)	2.11%	1.63%	-7.79%	-21.36%	0.70%	17.07%
Cost of Revenue	1,537	1,542	1,535	1,659	2,075	1,912
Gross Profit	749.58	756.01	726.2	793.91	1,044	1,185
Selling, General & Admin	367.61	365.6	371.1	391.39	520.67	548.03
Research & Development	85.97	90.48	106.21	100.55	123	165.43
Other Operating Expenses	20.84	21.86	18.46	21.48	23.68	21.52
Operating Expenses	486.07	489.59	510.78	518.66	673.52	741.61
Operating Income	263.51	266.42	215.43	275.25	370.21	443.75
Interest Expense	-17.02	-17.02	-21.28	-26.48	-28.16	-24.19
Interest & Investment Income	55.35	55.35	51.02	47.87	50.51	26.27
Currency Exchange Gain (Loss)	-0.62	-0.62	7	-3.52	4.54	-2.73
Other Non Operating Income (Expenses)	-3.45	-3.01	-5.59	-0.54	-2.78	-4.81
EBT Excluding Unusual Items	295.62	301.13	246.58	292.58	394.32	438.3
Impairment of Goodwill	-	-	-	-	-24.4	-
Gain (Loss) on Sale of Investments	-	-	-1.82	-1.49	-2.28	21.91
Gain (Loss) on Sale of Assets	-0.09	-0.13	-2.59	-3.9	18.06	-2.23
Asset Writedown	-0.03	-0.02	-	-1.6	-	-
Other Unusual Items	6.65	6.65	10.05	14.88	13.69	25.77
Pretax Income	302.15	307.63	252.23	300.48	399.38	483.74
Income Tax Expense	46.17	46.55	18.41	24.06	25.24	64.53
Earnings From Continuing Operations	255.98	261.08	233.82	276.42	374.14	419.21
Minority Interest in Earnings	-22.27	-20.73	-18.49	-45.52	-62.41	-127.81
Net Income	233.71	240.35	215.33	230.9	311.74	291.4
Net Income to Common	233.71	240.35	215.33	230.9	311.74	291.4
Net Income Growth	8.45%	11.62%	-6.74%	-25.93%	6.98%	43.71%
Shares Outstanding (Basic)	441	437	439	436	439	442
Shares Outstanding (Diluted)	441	437	439	436	439	442
Shares Change (YoY)	0.34%	-0.56%	0.87%	-0.77%	-0.55%	0.16%
EPS (Basic)	0.53	0.55	0.49	0.53	0.71	0.66
EPS (Diluted)	0.53	0.55	0.49	0.53	0.71	0.66
EPS Growth	8.09%	12.25%	-7.55%	-25.35%	7.58%	43.48%
Free Cash Flow	261.88	261.06	148.87	211.59	165.31	-245.07
Free Cash Flow Per Share	0.59	0.60	0.34	0.49	0.38	-0.56
Dividend Per Share	0.170	0.170	0.150	0.160	0.220	0.200
Dividend Growth	13.33%	13.33%	-6.25%	-27.27%	10.00%	-
Gross Margin	32.78%	32.89%	32.11%	32.37%	33.47%	38.27%
Operating Margin	11.52%	11.59%	9.53%	11.22%	11.87%	14.33%
Profit Margin	10.22%	10.46%	9.52%	9.41%	9.99%	9.41%
Free Cash Flow Margin	11.45%	11.36%	6.58%	8.63%	5.30%	-7.91%
EBITDA	405.99	410.61	366.48	420.61	505.69	569.42
EBITDA Margin	17.75%	17.87%	16.21%	17.15%	16.21%	18.39%
D&A For EBITDA	142.47	144.19	151.06	145.35	135.49	125.67
EBIT	263.51	266.42	215.43	275.25	370.21	443.75
EBIT Margin	11.52%	11.59%	9.53%	11.22%	11.87%	14.33%
Effective Tax Rate	15.28%	15.13%	7.30%	8.01%	6.32%	13.34%
Revenue as Reported	2,298	2,298	2,261	2,453	3,119	3,097

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