SHA:688025 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	2,391	2,073	1,453	1,225	1,173	1,199
Other Revenue	1.12	1.12	0.7	0.88	0.39	0.18
Revenue	2,392	2,074	1,454	1,226	1,173	1,199
Revenue Growth (YoY)	55.23%	42.66%	18.62%	4.46%	-2.17%	40.50%
Cost of Revenue	1,495	1,332	975.8	780.88	789.3	802.02
Gross Profit	896.98	741.63	478.05	444.74	384.01	397.36
Selling, General & Admin	323.85	281.95	230.3	195.78	176.48	167.22
Research & Development	181.81	173.17	164.96	154.01	164.52	142.75
Other Operating Expenses	6.61	8.73	2.84	-1.05	2.08	0.82
Operating Expenses	517.59	465.73	404.88	354.78	348.16	312.91
Operating Income	379.39	275.9	73.17	89.97	35.85	84.45
Interest Expense	-2.59	-3.01	-3.37	-6.44	-4.4	-5.64
Interest & Investment Income	32.83	33.61	26.83	23.04	6.95	17.87
Currency Exchange Gain (Loss)	-13.51	-13.51	9.16	2.65	17.28	-9.61
Other Non Operating Income (Expenses)	-18.57	-0.63	-1.01	-0.68	-1.39	-0.6
EBT Excluding Unusual Items	377.55	292.37	104.79	108.54	54.29	86.48
Impairment of Goodwill	-6.64	-6.64	-6.86	-11.97	-1.66	-
Gain (Loss) on Sale of Investments	0.68	1.98	8.12	0.64	1.44	1
Gain (Loss) on Sale of Assets	-1.52	-1.54	5.59	-2.15	-0.31	-1.69
Asset Writedown	-8.67	-	-	-	-	-
Legal Settlements	-0.05	-0.05	-	-	-	-
Other Unusual Items	5.75	5.75	16.71	22.66	25.9	15.97
Pretax Income	367.1	291.87	128.36	117.73	79.66	101.75
Income Tax Expense	28.11	13.38	4.32	13.5	3.45	10.9
Earnings From Continuing Operations	338.99	278.48	124.03	104.23	76.21	90.84
Minority Interest in Earnings	1.43	0.31	8.65	3.18	0.58	0.43
Net Income	340.42	278.79	132.68	107.41	76.79	91.27
Net Income to Common	340.42	278.79	132.68	107.41	76.79	91.27
Net Income Growth	138.99%	110.11%	23.53%	39.87%	-15.86%	106.04%
Shares Outstanding (Basic)	95	95	95	94	94	92
Shares Outstanding (Diluted)	95	95	95	94	94	92
Shares Change (YoY)	0.13%	0.40%	0.59%	0.61%	1.58%	-0.10%
EPS (Basic)	3.58	2.93	1.40	1.14	0.82	0.99
EPS (Diluted)	3.58	2.93	1.40	1.14	0.82	0.99
EPS Growth	138.67%	109.29%	22.81%	39.02%	-17.17%	106.25%
Free Cash Flow	245.64	497.78	-13.37	147.69	-191.8	-377.61
Free Cash Flow Per Share	2.58	5.23	-0.14	1.57	-2.05	-4.10
Dividend Per Share	0.890	0.890	0.420	0.351	0.250	0.300
Dividend Growth	111.91%	111.91%	19.80%	40.23%	-16.67%	108.33%
Gross Margin	37.50%	35.76%	32.88%	36.29%	32.73%	33.13%
Operating Margin	15.86%	13.30%	5.03%	7.34%	3.06%	7.04%
Profit Margin	14.23%	13.44%	9.13%	8.76%	6.54%	7.61%
Free Cash Flow Margin	10.27%	24.00%	-0.92%	12.05%	-16.35%	-31.48%
EBITDA	412.31	310.83	116.18	129.91	69.79	111.24
EBITDA Margin	17.24%	14.99%	7.99%	10.60%	5.95%	9.28%
D&A For EBITDA	32.92	34.94	43.01	39.95	33.95	26.79
EBIT	379.39	275.9	73.17	89.97	35.85	84.45
EBIT Margin	15.86%	13.30%	5.03%	7.34%	3.06%	7.04%
Effective Tax Rate	7.66%	4.58%	3.37%	11.47%	4.32%	10.71%
Revenue as Reported	2,392	2,074	1,454	1,226	1,173	1,199
Advertising Expenses	-	7.36	4.21	3.85	2.97	2.58

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