SHA:688028 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	792.02	748.94	677.17	601.44	414.11	325.69
Other Revenue	4.76	4.76	1.38	1.47	0.21	0.12
Revenue	796.78	753.7	678.54	602.92	414.32	325.81
Revenue Growth (YoY)	16.34%	11.08%	12.54%	45.52%	27.16%	34.73%
Cost of Revenue	466.87	447.99	382.06	341.1	225.33	166.36
Gross Profit	329.92	305.72	296.49	261.82	188.99	159.45
Selling, General & Admin	154.72	148.06	146.19	127.6	92.34	78.31
Research & Development	59.25	57.43	51.06	45.67	32.94	28.21
Other Operating Expenses	-2.96	-4.51	-5.78	-2.34	-3.79	1.75
Operating Expenses	213.18	203.15	193.7	174.38	122.7	108.48
Operating Income	116.74	102.57	102.79	87.43	66.29	50.97
Interest Expense	-2.71	-2.71	-3.58	-0.36	-2.25	-0.08
Interest & Investment Income	2.48	2.48	3.61	5.19	2.79	4.76
Earnings From Equity Investments	0.54	-	-	-	-	-0.02
Currency Exchange Gain (Loss)	-1	-1	-0.08	1.13	1.96	-1.06
Other Non Operating Income (Expenses)	-4.06	-0.97	-0.02	-0.38	-0.41	-0.15
EBT Excluding Unusual Items	112.01	100.38	102.72	93.01	68.38	54.41
Impairment of Goodwill	-0.68	-0.68	-0.58	-0.93	-0.32	-
Gain (Loss) on Sale of Investments	-0.51	-0.51	-0.37	-	-0.09	-
Gain (Loss) on Sale of Assets	-0.51	-0.6	-0.22	0.01	0.1	-0.16
Asset Writedown	-3.08	-	-	-	-0.02	-
Other Unusual Items	6.23	6.23	11.88	14.81	0.02	8.1
Pretax Income	113.46	104.82	113.42	106.91	68.07	62.35
Income Tax Expense	12.1	10.99	15.29	9.88	6.34	7.9
Earnings From Continuing Operations	101.36	93.84	98.13	97.03	61.74	54.45
Minority Interest in Earnings	0.4	0.67	1.05	0.35	1.09	-
Net Income	101.76	94.51	99.18	97.37	62.82	54.45
Net Income to Common	101.76	94.51	99.18	97.37	62.82	54.45
Net Income Growth	5.39%	-4.71%	1.85%	55.00%	15.38%	10.02%
Shares Outstanding (Basic)	151	151	152	153	122	112
Shares Outstanding (Diluted)	151	151	152	153	122	112
Shares Change (YoY)	-0.48%	-0.56%	-0.60%	24.81%	9.23%	0.33%
EPS (Basic)	0.67	0.63	0.65	0.64	0.51	0.49
EPS (Diluted)	0.67	0.63	0.65	0.64	0.51	0.49
EPS Growth	5.90%	-4.17%	2.46%	24.19%	5.62%	9.66%
Free Cash Flow	38.17	46.27	-5.39	-134.54	-167.2	-53.27
Free Cash Flow Per Share	0.25	0.31	-0.04	-0.88	-1.36	-0.47
Dividend Per Share	0.250	0.250	0.340	0.230	0.214	0.336
Dividend Growth	-26.47%	-26.47%	47.83%	7.33%	-36.16%	-11.33%
Gross Margin	41.41%	40.56%	43.70%	43.43%	45.62%	48.94%
Operating Margin	14.65%	13.61%	15.15%	14.50%	16.00%	15.64%
Profit Margin	12.77%	12.54%	14.62%	16.15%	15.16%	16.71%
Free Cash Flow Margin	4.79%	6.14%	-0.80%	-22.32%	-40.36%	-16.35%
EBITDA	227.62	210.59	199.4	168.36	113.79	81.36
EBITDA Margin	28.57%	27.94%	29.39%	27.92%	27.46%	24.97%
D&A For EBITDA	110.88	108.03	96.62	80.93	47.5	30.39
EBIT	116.74	102.57	102.79	87.43	66.29	50.97
EBIT Margin	14.65%	13.61%	15.15%	14.50%	16.00%	15.64%
Effective Tax Rate	10.66%	10.48%	13.48%	9.25%	9.31%	12.67%
Revenue as Reported	753.7	753.7	678.54	602.92	414.32	325.81

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