SHA:688017 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	513.34	382.64	353.19	442.21	440.13	211.83
Other Revenue	4.77	4.77	2.98	3.53	3.22	4.68
Revenue	518.11	387.41	356.17	445.75	443.35	216.51
Revenue Growth (YoY)	37.03%	8.77%	-20.10%	0.54%	104.77%	16.47%
Cost of Revenue	367.19	276.23	227.54	249.05	223.87	125.63
Gross Profit	150.92	111.18	128.63	196.69	219.48	90.89
Selling, General & Admin	38.83	34.93	32.92	29.25	26.11	17.51
Research & Development	53.55	49.59	48.41	45.87	41.16	24.03
Other Operating Expenses	-6.36	-4.88	-3.24	3.18	1.7	1.8
Operating Expenses	89.65	82.61	80.09	79.85	70.75	43.99
Operating Income	61.27	28.57	48.54	116.84	148.73	46.89
Interest Expense	-5.2	-12.14	-10.25	-2.32	-0.57	-0.37
Interest & Investment Income	34.88	40.5	43.74	30	38.8	14.68
Currency Exchange Gain (Loss)	-0.32	-0.32	1.31	1.79	-0.98	-0.73
Other Non Operating Income (Expenses)	0.25	-0.32	0.09	-0.28	-0.08	-0.03
EBT Excluding Unusual Items	90.87	56.29	83.43	146.02	185.9	60.44
Gain (Loss) on Sale of Investments	13.36	3.88	1.18	8.78	7.3	5.31
Gain (Loss) on Sale of Assets	0.34	0.06	-	0.2	0.17	0.28
Asset Writedown	-4.32	-	-	-	-	-
Other Unusual Items	0.57	0.54	6.96	15.48	23.39	28.32
Pretax Income	100.82	60.76	91.57	170.49	216.77	94.35
Income Tax Expense	9.99	4.96	6.74	14.08	26.69	13.08
Earnings From Continuing Operations	90.83	55.81	84.83	156.4	190.08	81.27
Minority Interest in Earnings	0.17	0.36	-0.68	-1.1	-0.9	0.78
Net Income	91	56.17	84.16	155.3	189.18	82.05
Net Income to Common	91	56.17	84.16	155.3	189.18	82.05
Net Income Growth	29.10%	-33.26%	-45.81%	-17.91%	130.56%	40.31%
Shares Outstanding (Basic)	180	169	169	169	169	140
Shares Outstanding (Diluted)	180	169	169	169	169	140
Shares Change (YoY)	6.74%	0.36%	0.00%	0.05%	20.02%	11.10%
EPS (Basic)	0.51	0.33	0.50	0.92	1.12	0.58
EPS (Diluted)	0.51	0.33	0.50	0.92	1.12	0.58
EPS Growth	20.95%	-33.49%	-45.81%	-17.95%	92.11%	26.29%
Free Cash Flow	5.57	-4.46	73.27	-61.2	-94.49	85.95
Free Cash Flow Per Share	0.03	-0.03	0.43	-0.36	-0.56	0.61
Dividend Per Share	0.100	0.100	0.300	0.100	0.464	0.179
Dividend Growth	-66.67%	-66.67%	200.00%	-78.46%	159.97%	-
Gross Margin	29.13%	28.70%	36.12%	44.13%	49.50%	41.98%
Operating Margin	11.83%	7.38%	13.63%	26.21%	33.55%	21.66%
Profit Margin	17.56%	14.50%	23.63%	34.84%	42.67%	37.90%
Free Cash Flow Margin	1.07%	-1.15%	20.57%	-13.73%	-21.31%	39.70%
EBITDA	121.85	82.24	93.01	155.44	175.12	67.56
EBITDA Margin	23.52%	21.23%	26.11%	34.87%	39.50%	31.20%
D&A For EBITDA	60.57	53.67	44.47	38.59	26.39	20.67
EBIT	61.27	28.57	48.54	116.84	148.73	46.89
EBIT Margin	11.83%	7.38%	13.63%	26.21%	33.55%	21.66%
Effective Tax Rate	9.91%	8.15%	7.36%	8.26%	12.31%	13.87%
Revenue as Reported	518.11	387.41	356.17	445.75	443.35	216.51
Advertising Expenses	-	4.22	5.3	1.2	4.71	1.26

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