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	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	662.82	565.68	382.64	353.19	442.21	440.13
Other Revenue	5.03	5.03	4.77	2.98	3.53	3.22
Revenue	667.85	570.71	387.41	356.17	445.75	443.35
Revenue Growth	43.19%	47.32%	8.77%	-20.10%	0.54%	104.77%
Cost of Revenue	462.03	389.92	276.23	227.54	249.05	223.87
Gross Profit	205.82	180.8	111.18	128.63	196.69	219.48
Selling, General & Admin	41.14	39.65	34.93	32.92	29.25	26.11
Research & Development	65.48	53.91	49.59	48.41	45.87	41.16
Other Operating Expenses	-13.76	-5.66	-4.88	-3.24	3.18	1.7
Operating Expenses	95.86	90.47	82.61	80.09	79.85	70.75
Operating Income	109.96	90.32	28.57	48.54	116.84	148.73
Interest Expense	-0.49	-3.97	-12.14	-10.25	-2.32	-0.57
Interest & Investment Income	39.28	39	40.5	43.74	30	38.8
Currency Exchange Gain (Loss)	-0.54	-0.54	-0.32	1.31	1.79	-0.98
Other Non Operating Income (Expenses)	-3.23	0.13	-0.32	0.09	-0.28	-0.08
EBT Excluding Unusual Items	144.98	124.94	56.29	83.43	146.02	185.9
Gain (Loss) on Sale of Investments	13.42	15.93	3.88	1.18	8.78	7.3
Gain (Loss) on Sale of Assets	-0.08	-0.08	0.06	-	0.2	0.17
Asset Writedown	-0.35	-	-	-	-	-
Other Unusual Items	3.52	3.52	0.54	6.96	15.48	23.39
Pretax Income	161.48	144.3	60.76	91.57	170.49	216.77
Income Tax Expense	19.13	18.44	4.96	6.74	14.08	26.69
Earnings From Continuing Operations	142.35	125.86	55.81	84.83	156.4	190.08
Minority Interest in Earnings	-1.29	-1.49	0.36	-0.68	-1.1	-0.9
Net Income	141.06	124.37	56.17	84.16	155.3	189.18
Net Income to Common	141.06	124.37	56.17	84.16	155.3	189.18
Net Income Growth	93.32%	121.42%	-33.26%	-45.81%	-17.91%	130.56%
Shares Outstanding (Basic)	-	180	169	169	169	169
Shares Outstanding (Diluted)	-	180	169	169	169	169
Shares Change	-	6.12%	0.36%	0.00%	0.05%	20.02%
EPS (Basic)	-	0.69	0.33	0.50	0.92	1.12
EPS (Diluted)	-	0.69	0.33	0.50	0.92	1.12
EPS Growth	-	108.65%	-33.49%	-45.81%	-17.95%	92.11%

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	-89.31	52.26	-4.46	73.27	-61.2	-94.49
Free Cash Flow Per Share	-	0.29	-0.03	0.43	-0.36	-0.56
Dividend Per Share	0.210	0.210	0.100	0.300	0.100	0.464
Dividend Growth	110.00%	110.00%	-66.67%	200.00%	-78.46%	159.97%
Gross Margin	30.82%	31.68%	28.70%	36.12%	44.13%	49.50%
Operating Margin	16.46%	15.83%	7.38%	13.63%	26.21%	33.55%
Profit Margin	21.12%	21.79%	14.50%	23.63%	34.84%	42.67%
Free Cash Flow Margin	-13.37%	9.16%	-1.15%	20.57%	-13.73%	-21.31%
EBITDA	170.35	147.79	83.16	93.01	155.44	175.12
EBITDA Margin	25.51%	25.90%	21.46%	26.11%	34.87%	39.50%
D&A For EBITDA	60.39	57.47	54.59	44.47	38.59	26.39
EBIT	109.96	90.32	28.57	48.54	116.84	148.73
EBIT Margin	16.46%	15.83%	7.38%	13.63%	26.21%	33.55%
Effective Tax Rate	11.85%	12.78%	8.15%	7.36%	8.26%	12.31%
Revenue as Reported	667.85	570.71	387.41	356.17	445.75	443.35
Advertising Expenses	-	2.52	4.22	5.3	1.2	4.71