SHA:688071 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	510.03	422.06	351.17	334.05	317.19
Other Revenue	-	1.37	0.65	2.75	3.51
Revenue	510.03	423.44	351.82	336.8	320.7
Revenue Growth (YoY)	20.45%	20.36%	4.46%	5.02%	6.23%
Cost of Revenue	423.26	308.83	212	169.39	159.45
Gross Profit	86.77	114.6	139.82	167.41	161.25
Selling, General & Admin	83.41	81.87	73.67	64.9	46.08
Research & Development	46.31	49.9	42.36	31.89	26.38
Other Operating Expenses	-2.1	-1.6	0.53	0.24	1.07
Operating Expenses	127.63	136.44	139.33	112.23	88.55
Operating Income	-40.86	-21.83	0.5	55.18	72.69
Interest Expense	-	-40.99	-34.15	-24.81	-16.34
Interest & Investment Income	-	0.68	4.13	0.86	1.13
Earnings From Equity Investments	-	-	-	-	0
Currency Exchange Gain (Loss)	-	-5.14	-0.04	-0.02	-0
Other Non Operating Income (Expenses)	-50.64	-1.32	-0.03	-0.3	-0.23
EBT Excluding Unusual Items	-91.49	-68.61	-29.59	30.91	57.25
Gain (Loss) on Sale of Investments	-	-	-0.3	-0	-
Gain (Loss) on Sale of Assets	-1.26	0.82	-1.58	0.05	0.08
Asset Writedown	-0.09	-	-	-	-
Other Unusual Items	-	3.67	7.91	7.16	4.27
Pretax Income	-92.84	-64.12	-23.55	38.11	61.6
Income Tax Expense	-28.96	-18.36	-7.64	0	2.52
Earnings From Continuing Operations	-63.88	-45.75	-15.91	38.11	59.08
Minority Interest in Earnings	2.23	-0.98	-0.1	-1.31	-1.07
Net Income	-61.65	-46.74	-16.01	36.8	58.01
Net Income to Common	-61.65	-46.74	-16.01	36.8	58.01
Net Income Growth	-	-	-	-36.56%	38.53%
Shares Outstanding (Basic)	84	85	80	72	62
Shares Outstanding (Diluted)	84	85	80	72	62
Shares Change (YoY)	-0.61%	6.16%	10.93%	15.68%	14.69%
EPS (Basic)	-0.73	-0.55	-0.20	0.51	0.93
EPS (Diluted)	-0.73	-0.55	-0.20	0.51	0.93
EPS Growth	-	-	-	-45.16%	20.78%
Free Cash Flow	-36.77	-115.86	-590.59	-176.84	-196.79
Free Cash Flow Per Share	-0.43	-1.36	-7.38	-2.45	-3.15
Gross Margin	17.01%	27.07%	39.74%	49.71%	50.28%
Operating Margin	-8.01%	-5.16%	0.14%	16.38%	22.67%
Profit Margin	-12.09%	-11.04%	-4.55%	10.93%	18.09%
Free Cash Flow Margin	-7.21%	-27.36%	-167.87%	-52.51%	-61.36%
EBITDA	58.16	53	45.62	86.76	93.01
EBITDA Margin	11.40%	12.52%	12.97%	25.76%	29.00%
D&A For EBITDA	99.02	74.83	45.12	31.58	20.31
EBIT	-40.86	-21.83	0.5	55.18	72.69
EBIT Margin	-8.01%	-5.16%	0.14%	16.38%	22.67%
Effective Tax Rate	-	-	-	0.00%	4.09%
Revenue as Reported	-	423.44	351.82	336.8	320.7

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