SHA:688080 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	761.88	776.98	609.54	492.61	384.21	445.22
Other Revenue	-	-	2.2	0.71	2.75	4.32
Revenue	761.88	776.98	611.74	493.33	386.95	449.54
Revenue Growth (YoY)	16.30%	27.01%	24.00%	27.49%	-13.92%	44.63%
Cost of Revenue	386.52	394.38	295.94	244	202.04	247.16
Gross Profit	375.36	382.6	315.8	249.33	184.92	202.38
Selling, General & Admin	145.94	146.51	127.55	109.18	84.33	75.67
Research & Development	70.29	70.17	64.31	59.04	54.2	47.72
Other Operating Expenses	-4.79	-6.68	-5.76	-6.7	-5.64	-6.41
Operating Expenses	211.44	210.01	185.7	161.77	131.71	116.41
Operating Income	163.92	172.6	130.1	87.56	53.21	85.97
Interest Expense	-	-	-0.4	-0.31	-0.15	-0.1
Interest & Investment Income	3.01	3.01	17.91	13.71	12.52	32.62
Currency Exchange Gain (Loss)	-	-	2.98	2.34	9.47	-2.27
Other Non Operating Income (Expenses)	0.04	6.62	-0.87	-0.13	-0.72	-0.58
EBT Excluding Unusual Items	166.97	182.23	149.73	103.17	74.32	115.64
Gain (Loss) on Sale of Investments	-0.14	-	-	-	-	-
Gain (Loss) on Sale of Assets	-0.01	0.02	0	0	-0.04	0
Asset Writedown	-4.57	-4.67	-0.03	-0.02	-0	-
Other Unusual Items	-	-	1.77	1.92	2.55	5.79
Pretax Income	162.25	177.58	151.48	105.06	76.83	121.43
Income Tax Expense	24.92	26.87	20.64	10.88	6.43	12.17
Earnings From Continuing Operations	137.33	150.71	130.84	94.19	70.4	109.27
Minority Interest in Earnings	-1.28	-1.68	-0.95	-0.24	-0.05	-4.32
Net Income	136.05	149.03	129.89	93.95	70.35	104.95
Net Income to Common	136.05	149.03	129.89	93.95	70.35	104.95
Net Income Growth	0.13%	14.74%	38.25%	33.55%	-32.97%	159.65%
Shares Outstanding (Basic)	74	74	74	74	73	73
Shares Outstanding (Diluted)	74	74	74	74	73	73
Shares Change (YoY)	-0.18%	-0.03%	-0.01%	0.72%	-0.25%	3.85%
EPS (Basic)	1.85	2.02	1.76	1.27	0.96	1.43
EPS (Diluted)	1.85	2.02	1.76	1.27	0.96	1.43
EPS Growth	0.32%	14.77%	38.27%	32.60%	-32.80%	150.02%
Free Cash Flow	165.7	133.9	110.04	182.08	53	32.59
Free Cash Flow Per Share	2.25	1.81	1.49	2.47	0.72	0.44
Dividend Per Share	-	-	0.200	0.170	0.100	0.100
Dividend Growth	-	-	17.91%	70.00%	-	-12.51%
Gross Margin	49.27%	49.24%	51.62%	50.54%	47.79%	45.02%
Operating Margin	21.52%	22.21%	21.27%	17.75%	13.75%	19.13%
Profit Margin	17.86%	19.18%	21.23%	19.04%	18.18%	23.35%
Free Cash Flow Margin	21.75%	17.23%	17.99%	36.91%	13.70%	7.25%
EBITDA	169.37	177.85	134.53	91.85	57.48	89.91
EBITDA Margin	22.23%	22.89%	21.99%	18.62%	14.86%	20.00%
D&A For EBITDA	5.46	5.25	4.43	4.29	4.28	3.94
EBIT	163.92	172.6	130.1	87.56	53.21	85.97
EBIT Margin	21.52%	22.21%	21.27%	17.75%	13.75%	19.13%
Effective Tax Rate	15.36%	15.13%	13.62%	10.35%	8.37%	10.02%
Revenue as Reported	-	-	611.74	493.33	386.95	449.54
Advertising Expenses	-	-	2.5	2.41	2.92	5.11

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