SHA:688018 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
Revenue	2,459	2,007	1,433	1,271	1,386	831.29
Revenue Growth (YoY)	31.78%	40.04%	12.74%	-8.31%	66.77%	9.75%
Cost of Revenue	1,321	1,127	855.05	767.86	837.31	487.73
Gross Profit	1,138	880.1	578.02	503.27	549.06	343.56
Selling, General & Admin	158.4	132.18	114.2	108.96	97.3	87.16
Research & Development	573.37	490.3	403.71	337.12	271.69	183.71
Other Operating Expenses	-5.26	-32.34	-4.2	5.27	3.56	0.85
Operating Expenses	728.16	591.43	514.03	451.46	372.56	271.64
Operating Income	409.86	288.67	63.99	51.81	176.5	71.92
Interest Expense	-4.92	-0.96	-0.92	-0.77	-0.61	-
Interest & Investment Income	38.37	38.06	39.57	28.06	25.17	33.86
Currency Exchange Gain (Loss)	-7.32	-7.32	-0.61	-4.19	-1.13	-2.19
Other Non Operating Income (Expenses)	6.27	-0.93	-0.53	-0.31	-0.33	-0.29
EBT Excluding Unusual Items	442.26	317.51	101.5	74.6	199.61	103.31
Gain (Loss) on Sale of Investments	-	-	0.32	1.22	4.51	1.53
Gain (Loss) on Sale of Assets	-1.1	-1.01	-0.01	-	-0	-0
Other Unusual Items	37.7	16.47	3.59	10.27	4.22	5.62
Pretax Income	478.92	332.97	105.4	86.09	208.33	110.46
Income Tax Expense	12.27	-6.04	-30.81	-11.24	9.9	6.41
Earnings From Continuing Operations	466.65	339.01	136.2	97.32	198.43	104.05
Minority Interest in Earnings	-1.68	0.32	-	-	-	-
Net Income	464.97	339.32	136.2	97.32	198.43	104.05
Net Income to Common	464.97	339.32	136.2	97.32	198.43	104.05
Net Income Growth	54.91%	149.13%	39.95%	-50.95%	90.70%	-34.35%
Shares Outstanding (Basic)	173	154	157	157	157	157
Shares Outstanding (Diluted)	174	155	158	157	158	157
Shares Change (YoY)	27.09%	-1.90%	0.25%	-0.64%	0.97%	17.10%
EPS (Basic)	2.69	2.21	0.87	0.62	1.26	0.66
EPS (Diluted)	2.67	2.19	0.86	0.62	1.25	0.66
EPS Growth	21.90%	153.95%	39.60%	-50.64%	88.88%	-43.94%
Free Cash Flow	-76.33	122.8	253.24	45.1	-0.45	14.35
Free Cash Flow Per Share	-0.44	0.79	1.61	0.29	-0.00	0.09
Dividend Per Share	0.429	0.429	0.510	-	0.816	0.255
Dividend Growth	-15.99%	-15.99%	-	-	219.99%	-42.85%
Gross Margin	46.28%	43.85%	40.33%	39.59%	39.60%	41.33%
Operating Margin	16.67%	14.38%	4.46%	4.08%	12.73%	8.65%
Profit Margin	18.91%	16.91%	9.50%	7.66%	14.31%	12.52%
Free Cash Flow Margin	-3.10%	6.12%	17.67%	3.55%	-0.03%	1.73%
EBITDA	438.99	313.45	82.98	67.88	187.67	82.25
EBITDA Margin	17.85%	15.62%	5.79%	5.34%	13.54%	9.89%
D&A For EBITDA	29.13	24.79	18.99	16.07	11.17	10.33
EBIT	409.86	288.67	63.99	51.81	176.5	71.92
EBIT Margin	16.67%	14.38%	4.46%	4.08%	12.73%	8.65%
Effective Tax Rate	2.56%	-	-	-	4.75%	5.80%
Revenue as Reported	2,459	2,007	1,433	1,271	1,386	831.29
Advertising Expenses	-	1.69	2.44	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.