SHA:605128 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	2,455	2,364	2,231	1,484	1,122	794.74
Other Revenue	55.63	55.63	45.13	34.72	-	31.77
Revenue	2,511	2,419	2,276	1,519	1,122	826.51
Revenue Growth	13.88%	6.28%	49.90%	35.38%	35.72%	4.38%
Cost of Revenue	2,109	2,006	1,893	1,282	975.74	673.49
Gross Profit	402.27	412.89	383.76	236.26	145.99	153.02
Selling, General & Admin	86.66	88.08	100.09	75.28	69.6	48.46
Research & Development	81.69	80.65	70.88	44.47	42.71	29.95
Other Operating Expenses	7.2	6.76	-1.67	3.85	6.74	4.54
Operating Expenses	194.12	194.07	181.14	125.35	114.93	90.1
Operating Income	208.15	218.81	202.62	110.91	31.06	62.92
Interest Expense	-4.61	-4.61	-21.57	-13.34	-4.42	-1.31
Interest & Investment Income	5.8	2.95	0.41	1.71	2.82	4.15
Earnings From Equity Investments	-	-	-	0.62	-0.69	0.01
Currency Exchange Gain (Loss)	0.8	0.8	0.27	0.66	0.22	-0.33
Other Non Operating Income (Expenses)	11.37	-6.88	-0.67	-0.65	0.12	0.06
EBT Excluding Unusual Items	221.51	211.07	181.06	99.91	29.11	65.51
Gain (Loss) on Sale of Investments	0.06	-4.13	-20.59	2.38	3.48	5.67
Gain (Loss) on Sale of Assets	-0.32	-0.31	-2.56	-1.99	-0.25	-0.31
Asset Writedown	1.99	-0.29	-0.04	-	-	-
Legal Settlements	-0.15	-0.15	-	-	-	-
Other Unusual Items	4.01	4.01	4.46	1.49	9.86	6.09
Pretax Income	227.1	210.19	162.33	101.79	42.19	76.96
Income Tax Expense	33.71	31.68	26.25	14.05	-3.58	6.48
Earnings From Continuing Operations	193.39	178.51	136.08	87.73	45.77	70.48
Minority Interest in Earnings	9.04	9.15	0.96	3.45	-0.03	0
Net Income	202.43	187.66	137.05	91.18	45.74	70.48
Net Income to Common	202.43	187.66	137.05	91.18	45.74	70.48
Net Income Growth	32.19%	36.93%	50.31%	99.32%	-35.10%	-13.24%
Shares Outstanding (Basic)	359	307	265	263	264	263
Shares Outstanding (Diluted)	359	307	265	270	264	263
Shares Change	52.46%	15.88%	-1.75%	2.38%	0.18%	23.23%
EPS (Basic)	0.56	0.61	0.52	0.35	0.17	0.27
EPS (Diluted)	0.56	0.61	0.52	0.34	0.17	0.27
EPS Growth	-13.30%	18.17%	52.99%	94.70%	-35.21%	-29.59%

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	102.82	194.33	62.47	-253.34	-280.12	-80.96
Free Cash Flow Per Share	0.29	0.63	0.24	-0.94	-1.06	-0.31
Dividend Per Share	0.188	0.188	0.175	0.114	0.038	0.030
Dividend Growth	7.49%	7.49%	53.20%	200.26%	25.00%	-84.02%
Gross Margin	16.02%	17.07%	16.86%	15.56%	13.01%	18.51%
Operating Margin	8.29%	9.04%	8.90%	7.30%	2.77%	7.61%
Profit Margin	8.06%	7.76%	6.02%	6.00%	4.08%	8.53%
Free Cash Flow Margin	4.09%	8.03%	2.74%	-16.68%	-24.97%	-9.80%
EBITDA	291.44	299.04	282.12	166.07	67.79	95.34
EBITDA Margin	11.61%	12.36%	12.39%	10.94%	6.04%	11.54%
D&A For EBITDA	83.29	80.22	79.51	55.16	36.73	32.42
EBIT	208.15	218.81	202.62	110.91	31.06	62.92
EBIT Margin	8.29%	9.04%	8.90%	7.30%	2.77%	7.61%
Effective Tax Rate	14.84%	15.07%	16.17%	13.81%	-	8.42%
Revenue as Reported	2,419	2,419	2,276	1,519	1,122	826.51
Advertising Expenses	-	-	1.03	0.53	-	-