SHA:688017 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	612.82	570.71	382.64	353.19	442.21	440.13
Other Revenue	-	-	4.77	2.98	3.53	3.22
Revenue	612.82	570.71	387.41	356.17	445.75	443.35
Revenue Growth (YoY)	51.87%	47.32%	8.77%	-20.10%	0.54%	104.77%
Cost of Revenue	388.48	360.09	276.23	227.54	249.05	223.87
Gross Profit	224.34	210.62	111.18	128.63	196.69	219.48
Selling, General & Admin	40.64	39.65	34.93	32.92	29.25	26.11
Research & Development	56	53.91	49.59	48.41	45.87	41.16
Other Operating Expenses	-14.25	-8.58	-4.88	-3.24	3.18	1.7
Operating Expenses	82.22	84.98	82.61	80.09	79.85	70.75
Operating Income	142.12	125.64	28.57	48.54	116.84	148.73
Interest Expense	-	-	-12.14	-10.25	-2.32	-0.57
Interest & Investment Income	38.84	36.08	40.5	43.74	30	38.8
Currency Exchange Gain (Loss)	-	-	-0.32	1.31	1.79	-0.98
Other Non Operating Income (Expenses)	-5.17	-3.85	-0.32	0.09	-0.28	-0.08
EBT Excluding Unusual Items	175.8	157.86	56.29	83.43	146.02	185.9
Gain (Loss) on Sale of Investments	15.85	15.93	3.88	1.18	8.78	7.3
Gain (Loss) on Sale of Assets	0.34	0.34	0.06	-	0.2	0.17
Asset Writedown	-34	-29.83	-	-	-	-
Other Unusual Items	-	-	0.54	6.96	15.48	23.39
Pretax Income	157.99	144.3	60.76	91.57	170.49	216.77
Income Tax Expense	20.2	18.44	4.96	6.74	14.08	26.69
Earnings From Continuing Operations	137.79	125.86	55.81	84.83	156.4	190.08
Minority Interest in Earnings	-1.03	-1.49	0.36	-0.68	-1.1	-0.9
Net Income	136.75	124.37	56.17	84.16	155.3	189.18
Net Income to Common	136.75	124.37	56.17	84.16	155.3	189.18
Net Income Growth	142.90%	121.42%	-33.26%	-45.81%	-17.91%	130.56%
Shares Outstanding (Basic)	181	180	169	169	169	169
Shares Outstanding (Diluted)	181	180	169	169	169	169
Shares Change (YoY)	5.35%	6.12%	0.36%	0.00%	0.05%	20.02%
EPS (Basic)	0.76	0.69	0.33	0.50	0.92	1.12
EPS (Diluted)	0.76	0.69	0.33	0.50	0.92	1.12
EPS Growth	130.56%	108.65%	-33.49%	-45.81%	-17.95%	92.11%
Free Cash Flow	3.2	52.26	-4.46	73.27	-61.2	-94.49
Free Cash Flow Per Share	0.02	0.29	-0.03	0.43	-0.36	-0.56
Dividend Per Share	-	-	0.100	0.300	0.100	0.464
Dividend Growth	-	-	-66.67%	200.00%	-78.46%	159.97%
Gross Margin	36.61%	36.91%	28.70%	36.12%	44.13%	49.50%
Operating Margin	23.19%	22.01%	7.38%	13.63%	26.21%	33.55%
Profit Margin	22.31%	21.79%	14.50%	23.63%	34.84%	42.67%
Free Cash Flow Margin	0.52%	9.16%	-1.15%	20.57%	-13.73%	-21.31%
EBITDA	201.65	183.99	82.24	93.01	155.44	175.12
EBITDA Margin	32.91%	32.24%	21.23%	26.11%	34.87%	39.50%
D&A For EBITDA	59.53	58.35	53.67	44.47	38.59	26.39
EBIT	142.12	125.64	28.57	48.54	116.84	148.73
EBIT Margin	23.19%	22.01%	7.38%	13.63%	26.21%	33.55%
Effective Tax Rate	12.78%	12.78%	8.15%	7.36%	8.26%	12.31%
Revenue as Reported	42.11	-	387.41	356.17	445.75	443.35
Advertising Expenses	-	-	4.22	5.3	1.2	4.71

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