SHA:688059 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	1,178	981.57	750.12	789.52	599.26	483.14
Other Revenue	18.86	18.86	8.93	4.75	2.38	2.34
Revenue	1,196	1,000	759.06	794.27	601.64	485.48
Revenue Growth (YoY)	47.54%	31.80%	-4.43%	32.02%	23.93%	55.51%
Cost of Revenue	663.59	628.21	478.9	438.8	310.68	241.62
Gross Profit	532.86	372.22	280.15	355.47	290.96	243.86
Selling, General & Admin	74.05	72.13	67.28	78.52	52.87	39.38
Research & Development	53.49	52.69	50.75	60.87	41.56	24.91
Other Operating Expenses	5.09	2.25	-2.12	-0.86	2.69	4.17
Operating Expenses	124.58	122.61	125.07	149.03	101.23	69.43
Operating Income	408.28	249.62	155.09	206.44	189.72	174.43
Interest Expense	-32.23	-40.45	-38.28	-30.04	-15.08	-1.55
Interest & Investment Income	0.87	0.45	1.15	4.92	6.72	5.51
Currency Exchange Gain (Loss)	-0.03	-0.03	0.32	-0.02	-0.03	0.07
Other Non Operating Income (Expenses)	-0.72	-0.44	-0.72	-0.7	-0.62	-0.09
EBT Excluding Unusual Items	376.17	209.14	117.56	180.6	180.72	178.36
Gain (Loss) on Sale of Investments	2.04	1.57	1.6	0.15	-0.2	0.58
Gain (Loss) on Sale of Assets	-1.06	-1.06	-0.11	-0.57	-0.01	-0.74
Asset Writedown	6.82	-	-	-1.23	-	-
Legal Settlements	-	-	-	-	-0.59	-
Other Unusual Items	1	1.03	1.06	3.69	6.56	8.65
Pretax Income	384.97	210.68	120.1	182.64	186.49	186.86
Income Tax Expense	52.49	24.1	13.14	24.74	20.53	24.51
Earnings From Continuing Operations	332.47	186.58	106.96	157.91	165.96	162.35
Minority Interest in Earnings	0.14	0.06	-	-	-	-
Net Income	332.61	186.65	106.96	157.91	165.96	162.35
Net Income to Common	332.61	186.65	106.96	157.91	165.96	162.35
Net Income Growth	179.52%	74.50%	-32.26%	-4.85%	2.22%	82.41%
Shares Outstanding (Basic)	90	88	87	86	86	83
Shares Outstanding (Diluted)	90	88	87	86	86	83
Shares Change (YoY)	3.58%	0.77%	0.70%	-0.02%	4.50%	27.93%
EPS (Basic)	3.69	2.13	1.23	1.83	1.92	1.96
EPS (Diluted)	3.69	2.13	1.23	1.83	1.92	1.96
EPS Growth	169.86%	73.17%	-32.73%	-4.83%	-2.18%	42.59%
Free Cash Flow	239.32	231.54	-75.76	-258.1	-270.4	0.27
Free Cash Flow Per Share	2.66	2.64	-0.87	-2.99	-3.13	0.00
Dividend Per Share	1.200	1.200	0.429	0.571	0.612	0.612
Dividend Growth	179.98%	179.98%	-24.99%	-6.66%	-	19.99%
Gross Margin	44.54%	37.21%	36.91%	44.75%	48.36%	50.23%
Operating Margin	34.12%	24.95%	20.43%	25.99%	31.54%	35.93%
Profit Margin	27.80%	18.66%	14.09%	19.88%	27.58%	33.44%
Free Cash Flow Margin	20.00%	23.14%	-9.98%	-32.50%	-44.94%	0.06%
EBITDA	567.22	402.42	283.34	298.72	245.25	218.28
EBITDA Margin	47.41%	40.23%	37.33%	37.61%	40.76%	44.96%
D&A For EBITDA	158.94	152.8	128.25	92.28	55.53	43.86
EBIT	408.28	249.62	155.09	206.44	189.72	174.43
EBIT Margin	34.12%	24.95%	20.43%	25.99%	31.54%	35.93%
Effective Tax Rate	13.64%	11.44%	10.94%	13.54%	11.01%	13.11%
Revenue as Reported	1,196	1,000	759.06	794.27	601.64	-
Advertising Expenses	-	1.47	1.07	1.58	0.84	1.09

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