SHA:688018 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
Revenue	2,565	2,007	1,433	1,271	1,386
Revenue Growth (YoY)	27.82%	40.04%	12.74%	-8.31%	66.77%
Cost of Revenue	-	1,127	855.05	767.86	837.31
Gross Profit	2,565	880.1	578.02	503.27	549.06
Selling, General & Admin	-	132.18	114.2	108.96	97.3
Research & Development	-	490.3	403.71	337.12	271.69
Other Operating Expenses	2,058	-32.34	-4.2	5.27	3.56
Operating Expenses	2,058	591.43	514.03	451.46	372.56
Operating Income	507.36	288.67	63.99	51.81	176.5
Interest Expense	-	-0.96	-0.92	-0.77	-0.61
Interest & Investment Income	-	38.06	39.57	28.06	25.17
Currency Exchange Gain (Loss)	-	-7.32	-0.61	-4.19	-1.13
Other Non Operating Income (Expenses)	0.33	-0.93	-0.53	-0.31	-0.33
EBT Excluding Unusual Items	507.69	317.51	101.5	74.6	199.61
Gain (Loss) on Sale of Investments	-	-	0.32	1.22	4.51
Gain (Loss) on Sale of Assets	-	-1.01	-0.01	-	-0
Other Unusual Items	-	16.47	3.59	10.27	4.22
Pretax Income	507.69	332.97	105.4	86.09	208.33
Income Tax Expense	9.85	-6.04	-30.81	-11.24	9.9
Earnings From Continuing Operations	497.84	339.01	136.2	97.32	198.43
Minority Interest in Earnings	-	0.32	-	-	-
Net Income	497.84	339.32	136.2	97.32	198.43
Net Income to Common	497.84	339.32	136.2	97.32	198.43
Net Income Growth	46.72%	149.13%	39.95%	-50.95%	90.70%
Shares Outstanding (Basic)	158	154	157	157	157
Shares Outstanding (Diluted)	158	155	158	157	158
Shares Change (YoY)	2.10%	-1.90%	0.25%	-0.64%	0.97%
EPS (Basic)	3.15	2.21	0.87	0.62	1.26
EPS (Diluted)	3.15	2.19	0.86	0.62	1.25
EPS Growth	43.70%	153.95%	39.60%	-50.64%	88.88%
Free Cash Flow	-	122.8	253.24	45.1	-0.45
Free Cash Flow Per Share	-	0.79	1.61	0.29	-0.00
Dividend Per Share	-	0.429	0.510	-	0.816
Dividend Growth	-	-15.99%	-	-	219.99%
Gross Margin	100.00%	43.85%	40.33%	39.59%	39.60%
Operating Margin	19.78%	14.38%	4.46%	4.08%	12.73%
Profit Margin	19.41%	16.91%	9.50%	7.66%	14.31%
Free Cash Flow Margin	-	6.12%	17.67%	3.55%	-0.03%
EBITDA	532.14	313.45	82.98	67.88	187.67
EBITDA Margin	20.74%	15.62%	5.79%	5.34%	13.54%
D&A For EBITDA	24.79	24.79	18.99	16.07	11.17
EBIT	507.36	288.67	63.99	51.81	176.5
EBIT Margin	19.78%	14.38%	4.46%	4.08%	12.73%
Effective Tax Rate	1.94%	-	-	-	4.75%
Revenue as Reported	-	2,007	1,433	1,271	1,386
Advertising Expenses	-	1.69	2.44	-	-

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