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