SHA:688004 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	171.01	172.83	191.7	156.78	286.28
Other Revenue	-	-	0.13	0.19	0.86
Revenue	171.01	172.83	191.83	156.97	287.15
Revenue Growth (YoY)	-1.05%	-9.91%	22.21%	-45.34%	-0.23%
Cost of Revenue	84.15	91.73	114.27	75.86	129.01
Gross Profit	86.85	81.1	77.56	81.11	158.14
Selling, General & Admin	70.26	71.75	80.85	75.33	74.1
Research & Development	49	54.21	55.01	48.23	47.84
Other Operating Expenses	-6.58	-1.92	-3.8	-3.55	-8.01
Operating Expenses	112.68	123.88	138.12	122.97	116.67
Operating Income	-25.83	-42.78	-60.55	-41.87	41.47
Interest Expense	-	-0.38	-0.22	-0.15	-0.2
Interest & Investment Income	5.37	5.93	7.4	5.71	9.06
Other Non Operating Income (Expenses)	1.77	-0.55	2.64	-2.82	0.22
EBT Excluding Unusual Items	-18.69	-37.77	-50.74	-39.12	50.56
Gain (Loss) on Sale of Investments	-0.96	-1.07	-0.21	0.26	0.14
Gain (Loss) on Sale of Assets	0.03	-	0.12	-	-0.04
Asset Writedown	-2.43	-0.01	-0.76	-0.15	-
Other Unusual Items	-	-0.49	0.17	2.77	3.01
Pretax Income	-22.05	-39.34	-51.41	-36.23	53.68
Income Tax Expense	0.48	-0.87	-8.24	-5.11	4.51
Net Income	-22.53	-38.47	-43.17	-31.12	49.17
Net Income to Common	-22.53	-38.47	-43.17	-31.12	49.17
Net Income Growth	-	-	-	-	5.90%
Shares Outstanding (Basic)	78	80	80	80	80
Shares Outstanding (Diluted)	78	80	80	80	80
Shares Change (YoY)	-3.06%	0.26%	0.20%	0.12%	13.21%
EPS (Basic)	-0.29	-0.48	-0.54	-0.39	0.62
EPS (Diluted)	-0.29	-0.48	-0.54	-0.39	0.62
EPS Growth	-	-	-	-	-6.46%
Free Cash Flow	0.4	4.02	-30.12	-25.65	-178.33
Free Cash Flow Per Share	0.01	0.05	-0.38	-0.32	-2.24
Dividend Per Share	-	-	-	-	0.062
Dividend Growth	-	-	-	-	-65.20%
Gross Margin	50.79%	46.92%	40.43%	51.67%	55.07%
Operating Margin	-15.11%	-24.75%	-31.57%	-26.67%	14.44%
Profit Margin	-13.18%	-22.26%	-22.50%	-19.83%	17.12%
Free Cash Flow Margin	0.23%	2.32%	-15.70%	-16.34%	-62.10%
EBITDA	-14.32	-33.45	-49.93	-36.98	43.67
EBITDA Margin	-8.38%	-19.36%	-26.03%	-23.56%	15.21%
D&A For EBITDA	11.51	9.33	10.62	4.89	2.2
EBIT	-25.83	-42.78	-60.55	-41.87	41.47
EBIT Margin	-15.11%	-24.75%	-31.57%	-26.67%	14.44%
Effective Tax Rate	-	-	-	-	8.41%
Revenue as Reported	-	172.83	191.83	156.97	287.15
Advertising Expenses	-	2.41	4.39	3.94	2.09

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