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	620.92	474.2	301.76	287.31	250.34
Revenue Growth (YoY)	30.94%	57.14%	5.03%	14.77%	-7.90%
Cost of Revenue	311.03	284.42	186.3	183.72	145.83
Gross Profit	309.9	189.78	115.47	103.59	104.51
Selling, General & Admin	215.44	167.16	147.4	116.21	111.98
Research & Development	42.47	42.88	38.36	25.73	36.06
Other Operating Expenses	-5.83	-7.75	-11.24	-7.45	-0.37
Operating Expenses	252.08	212.72	180.16	137.66	151.31
Operating Income	57.82	-22.94	-64.69	-34.08	-46.79
Interest Expense	-	-5.79	-4.84	-1.46	-0.87
Interest & Investment Income	1.5	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)	-27.4	-0.18	-0.23	-0.43	-0.53
EBT Excluding Unusual Items	31.91	-27.93	-66.05	-30.05	-40.19
Gain (Loss) on Sale of Investments	-0.1	-2.1	0.18	-0.01	0.04
Gain (Loss) on Sale of Assets	1.97	0.87	0.88	1.24	-0.81
Asset Writedown	-14.9	-2.69	-6.79	-3.18	-2.23
Other Unusual Items	-	-0.64	8.5	-0.75	12.44
Pretax Income	18.88	-32.49	-63.27	-32.76	-30.75
Income Tax Expense	9.2	4.25	1.6	-6.56	-8.36
Earnings From Continuing Operations	9.68	-36.74	-64.87	-26.2	-22.39
Minority Interest in Earnings	1	0.95	0.37	0.14	-0.54
Net Income	10.68	-35.79	-64.5	-26.06	-22.93
Net Income to Common	10.68	-35.79	-64.5	-26.06	-22.93
Shares Outstanding (Basic)	89	87	87	87	85
Shares Outstanding (Diluted)	89	87	87	87	85
Shares Change (YoY)	1.95%	0.15%	0.36%	2.26%	28.51%
EPS (Basic)	0.12	-0.41	-0.74	-0.30	-0.27
EPS (Diluted)	0.12	-0.41	-0.74	-0.30	-0.27
Free Cash Flow	-111.43	30.64	-103.41	-192.29	-189.95
Free Cash Flow Per Share	-1.25	0.35	-1.19	-2.21	-2.24
Gross Margin	49.91%	40.02%	38.26%	36.05%	41.75%
Operating Margin	9.31%	-4.84%	-21.44%	-11.86%	-18.69%
Profit Margin	1.72%	-7.55%	-21.37%	-9.07%	-9.16%
Free Cash Flow Margin	-17.95%	6.46%	-34.27%	-66.93%	-75.88%
EBITDA	100.07	11.19	-27.29	-14.95	-32.88
EBITDA Margin	16.12%	2.36%	-9.04%	-5.20%	-13.13%
D&A For EBITDA	42.25	34.13	37.4	19.13	13.91
EBIT	57.82	-22.94	-64.69	-34.08	-46.79
EBIT Margin	9.31%	-4.84%	-21.44%	-11.86%	-18.69%
Effective Tax Rate	48.72%	-	-	-	-
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.