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	Jun '26 Jun 30, 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	2,256	2,293	2,252	2,444	3,112	3,088
Other Revenue	6.14	5.71	9	8.28	7.01	9.48
Revenue	2,262	2,298	2,261	2,453	3,119	3,097
Revenue Growth	-0.05%	1.63%	-7.79%	-21.36%	0.70%	17.07%
Cost of Revenue	1,536	1,542	1,535	1,659	2,075	1,912
Gross Profit	726.36	756.01	726.2	793.91	1,044	1,185
Selling, General & Admin	360.09	365.6	371.1	391.39	520.67	548.03
Research & Development	79.16	90.48	106.21	100.55	123	165.43
Other Operating Expenses	24.45	21.86	18.46	21.48	23.68	21.52
Operating Expenses	467.97	489.59	510.78	518.66	673.52	741.61
Operating Income	258.4	266.42	215.43	275.25	370.21	443.75
Interest Expense	-15.23	-17.02	-21.28	-26.48	-28.16	-24.19
Interest & Investment Income	53.16	55.35	51.02	47.87	50.51	26.27
Currency Exchange Gain (Loss)	-8.91	-0.62	7	-3.52	4.54	-2.73
Other Non Operating Income (Expenses)	-2.14	-3.01	-5.59	-0.54	-2.78	-4.81
EBT Excluding Unusual Items	285.28	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	-0.01	-0.13	-2.59	-3.9	18.06	-2.23
Asset Writedown	-0.02	-0.02	-	-1.6	-	-
Other Unusual Items	9.54	6.65	10.05	14.88	13.69	25.77
Pretax Income	294.79	307.63	252.23	300.48	399.38	483.74
Income Tax Expense	48.35	46.55	18.41	24.06	25.24	64.53
Earnings From Continuing Operations	246.43	261.08	233.82	276.42	374.14	419.21
Minority Interest in Earnings	-18.87	-20.73	-18.49	-45.52	-62.41	-127.81
Net Income	227.56	240.35	215.33	230.9	311.74	291.4
Net Income to Common	227.56	240.35	215.33	230.9	311.74	291.4
Net Income Growth	-3.26%	11.62%	-6.74%	-25.93%	6.98%	43.71%
Shares Outstanding (Basic)	430	437	439	436	439	442
Shares Outstanding (Diluted)	430	437	439	436	439	442
Shares Change	-3.19%	-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	-0.08%	12.25%	-7.55%	-25.35%	7.58%	43.48%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	341.14	261.06	148.87	211.59	165.31	-245.07
Free Cash Flow Per Share	0.79	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	32.11%	32.89%	32.11%	32.37%	33.47%	38.27%
Operating Margin	11.42%	11.59%	9.53%	11.22%	11.87%	14.33%
Profit Margin	10.06%	10.46%	9.52%	9.41%	9.99%	9.41%
Free Cash Flow Margin	15.08%	11.36%	6.58%	8.63%	5.30%	-7.91%
EBITDA	402.38	410.61	366.48	420.61	505.69	569.42
EBITDA Margin	17.79%	17.87%	16.21%	17.15%	16.21%	18.39%
D&A For EBITDA	143.98	144.19	151.06	145.35	135.49	125.67
EBIT	258.4	266.42	215.43	275.25	370.21	443.75
EBIT Margin	11.42%	11.59%	9.53%	11.22%	11.87%	14.33%
Effective Tax Rate	16.40%	15.13%	7.30%	8.01%	6.32%	13.34%
Revenue as Reported	2,262	2,298	2,261	2,453	3,119	3,097