SHA:688021 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
Operating Revenue	348.71	280.37	328.92	199.53	392.69
Other Revenue	-	3.84	3.34	4.24	3.32
Revenue	348.71	284.22	332.26	203.77	396.01
Revenue Growth (YoY)	22.69%	-14.46%	63.06%	-48.54%	26.06%
Cost of Revenue	329.02	260.4	259.5	151.6	233.47
Gross Profit	19.69	23.81	72.76	52.17	162.55
Selling, General & Admin	-	40.38	45.25	48.44	52.28
Research & Development	-	21.91	35.39	36.72	37.39
Other Operating Expenses	-	4.85	4.78	3.51	4.62
Operating Expenses	-	67.55	87.74	79.64	99.24
Operating Income	19.69	-43.73	-14.98	-27.47	63.31
Interest Expense	-	-10.8	-10.81	-12.02	-7.74
Interest & Investment Income	-	2.25	1.77	4.22	4.6
Currency Exchange Gain (Loss)	-	1.78	2.88	5.44	-1.68
Other Non Operating Income (Expenses)	0.06	-0.14	-0.11	-0.26	-0.27
EBT Excluding Unusual Items	19.75	-50.64	-21.25	-30.09	58.21
Gain (Loss) on Sale of Investments	-	0.59	-	0.07	-0.18
Gain (Loss) on Sale of Assets	-	-0.31	-0.02	-0.79	-0.91
Asset Writedown	-	-6.09	-	-1.38	-
Other Unusual Items	-	8.18	6.67	13.1	11.55
Pretax Income	19.75	-48.27	-14.59	-19.1	68.68
Income Tax Expense	5.72	-0.08	-4.24	-6.51	6.89
Earnings From Continuing Operations	14.03	-48.19	-10.35	-12.59	61.79
Minority Interest in Earnings	-	4.22	2.43	4.75	4.04
Net Income	14.03	-43.97	-7.92	-7.84	65.82
Net Income to Common	14.03	-43.97	-7.92	-7.84	65.82
Net Income Growth	-	-	-	-	-17.74%
Shares Outstanding (Basic)	78	75	79	78	77
Shares Outstanding (Diluted)	78	75	79	78	77
Shares Change (YoY)	4.61%	-5.92%	1.07%	1.20%	0.65%
EPS (Basic)	0.18	-0.59	-0.10	-0.10	0.85
EPS (Diluted)	0.18	-0.59	-0.10	-0.10	0.85
EPS Growth	-	-	-	-	-18.27%
Free Cash Flow	-	83.01	-82.49	-170.01	-153.3
Free Cash Flow Per Share	-	1.11	-1.04	-2.17	-1.98
Dividend Per Share	-	-	-	-	0.260
Dividend Growth	-	-	-	-	-18.75%
Gross Margin	5.65%	8.38%	21.90%	25.60%	41.05%
Operating Margin	5.65%	-15.39%	-4.51%	-13.48%	15.99%
Profit Margin	4.02%	-15.47%	-2.38%	-3.85%	16.62%
Free Cash Flow Margin	-	29.21%	-24.83%	-83.43%	-38.71%
EBITDA	82.33	18.9	40.82	19.31	93.51
EBITDA Margin	23.61%	6.65%	12.29%	9.47%	23.61%
D&A For EBITDA	62.64	62.64	55.81	46.77	30.2
EBIT	19.69	-43.73	-14.98	-27.47	63.31
EBIT Margin	5.65%	-15.39%	-4.51%	-13.48%	15.99%
Effective Tax Rate	28.95%	-	-	-	10.03%
Revenue as Reported	-	284.22	332.26	203.77	396.01

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