SHA:688070 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
Revenue	621.07	474.2	301.76	287.31	250.34
Revenue Growth (YoY)	30.97%	57.14%	5.03%	14.77%	-7.90%
Cost of Revenue	-	284.42	186.3	183.72	145.83
Gross Profit	621.07	189.78	115.47	103.59	104.51
Selling, General & Admin	-	167.16	147.4	116.21	111.98
Research & Development	-	42.88	38.36	25.73	36.06
Other Operating Expenses	600.02	-7.75	-11.24	-7.45	-0.37
Operating Expenses	600.02	212.72	180.16	137.66	151.31
Operating Income	21.05	-22.94	-64.69	-34.08	-46.79
Interest Expense	-	-5.79	-4.84	-1.46	-0.87
Interest & Investment Income	-	0.43	2.28	5.72	8.3
Currency Exchange Gain (Loss)	-	0.55	1.44	0.2	-0.29
Other Non Operating Income (Expenses)	-3.66	-0.18	-0.23	-0.43	-0.53
EBT Excluding Unusual Items	17.39	-27.93	-66.05	-30.05	-40.19
Gain (Loss) on Sale of Investments	-	-2.1	0.18	-0.01	0.04
Gain (Loss) on Sale of Assets	-	0.87	0.88	1.24	-0.81
Asset Writedown	-	-2.69	-6.79	-3.18	-2.23
Other Unusual Items	-	-0.64	8.5	-0.75	12.44
Pretax Income	17.39	-32.49	-63.27	-32.76	-30.75
Income Tax Expense	5.75	4.25	1.6	-6.56	-8.36
Earnings From Continuing Operations	11.64	-36.74	-64.87	-26.2	-22.39
Minority Interest in Earnings	-	0.95	0.37	0.14	-0.54
Net Income	11.64	-35.79	-64.5	-26.06	-22.93
Net Income to Common	11.64	-35.79	-64.5	-26.06	-22.93
Shares Outstanding (Basic)	90	87	87	87	85
Shares Outstanding (Diluted)	90	87	87	87	85
Shares Change (YoY)	2.60%	0.15%	0.36%	2.26%	28.51%
EPS (Basic)	0.13	-0.41	-0.74	-0.30	-0.27
EPS (Diluted)	0.13	-0.41	-0.74	-0.30	-0.27
Free Cash Flow	-	30.64	-103.41	-192.29	-189.95
Free Cash Flow Per Share	-	0.35	-1.19	-2.21	-2.24
Gross Margin	100.00%	40.02%	38.26%	36.05%	41.75%
Operating Margin	3.39%	-4.84%	-21.44%	-11.86%	-18.69%
Profit Margin	1.88%	-7.55%	-21.37%	-9.07%	-9.16%
Free Cash Flow Margin	-	6.46%	-34.27%	-66.93%	-75.88%
EBITDA	55.18	11.19	-27.29	-14.95	-32.88
EBITDA Margin	8.88%	2.36%	-9.04%	-5.20%	-13.13%
D&A For EBITDA	34.13	34.13	37.4	19.13	13.91
EBIT	21.05	-22.94	-64.69	-34.08	-46.79
EBIT Margin	3.39%	-4.84%	-21.44%	-11.86%	-18.69%
Effective Tax Rate	33.06%	-	-	-	-
Revenue as Reported	-	474.2	301.76	287.31	250.34
Advertising Expenses	-	-	-	3	-

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