SHA:688103 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,168	777.66	674.08	683.96	485.23	384.52
Other Revenue	14.73	14.73	18.17	16.15	23.82	20.26
Revenue	1,182	792.39	692.25	700.11	509.05	404.78
Revenue Growth (YoY)	56.89%	14.46%	-1.12%	37.53%	25.76%	21.98%
Cost of Revenue	857.55	565.69	454.69	441.03	304.66	234.52
Gross Profit	324.8	226.7	237.56	259.08	204.39	170.26
Selling, General & Admin	124.89	110.17	105.28	105.49	83.79	68.34
Research & Development	88.81	86.51	59.85	62.45	41.37	44.87
Other Operating Expenses	2.9	-2.8	2.46	4.59	3.82	3.58
Operating Expenses	238.95	201.46	170.82	178.85	131.96	118.88
Operating Income	85.85	25.24	66.74	80.23	72.43	51.38
Interest Expense	-25.47	-21.41	-11.44	-1.26	-1.42	-3.86
Interest & Investment Income	8.91	13.06	8.84	6.34	2.8	99.39
Currency Exchange Gain (Loss)	1.11	1.11	0.56	3.31	-1.07	-3.52
Other Non Operating Income (Expenses)	-0.12	0.71	-1.05	-1.19	-0.14	-1.5
EBT Excluding Unusual Items	70.28	18.7	63.65	87.44	72.6	141.89
Gain (Loss) on Sale of Investments	-	-	-	-0.04	0.03	-
Gain (Loss) on Sale of Assets	0.06	-0.01	-0.02	-0.14	-0.01	-0.14
Asset Writedown	-10.48	-0.25	-0.06	-	-	-
Other Unusual Items	7.77	7.84	6.93	1.05	8.41	9.84
Pretax Income	67.63	26.28	70.49	88.31	81.03	151.59
Income Tax Expense	7.39	-4.42	6.8	2.02	7.59	20.46
Earnings From Continuing Operations	60.25	30.7	63.7	86.29	73.44	131.13
Minority Interest in Earnings	-0.67	-0.46	0.49	-0.87	-0.43	7.22
Net Income	59.57	30.24	64.19	85.42	73	138.35
Net Income to Common	59.57	30.24	64.19	85.42	73	138.35
Net Income Growth	54.48%	-52.89%	-24.85%	17.01%	-47.23%	251.58%
Shares Outstanding (Basic)	96	94	96	95	78	72
Shares Outstanding (Diluted)	96	94	96	96	78	72
Shares Change (YoY)	1.74%	-1.37%	-0.18%	23.58%	8.34%	2.01%
EPS (Basic)	0.62	0.32	0.67	0.90	0.94	1.93
EPS (Diluted)	0.62	0.32	0.67	0.89	0.94	1.93
EPS Growth	51.83%	-52.24%	-24.72%	-5.32%	-51.30%	244.64%
Free Cash Flow	-72.84	-42.79	-3.34	-91.12	-37.69	-10.3
Free Cash Flow Per Share	-0.76	-0.45	-0.04	-0.95	-0.48	-0.14
Dividend Per Share	0.210	0.210	0.230	0.275	0.315	-
Dividend Growth	-8.49%	-8.49%	-16.36%	-12.70%	-	-
Gross Margin	27.47%	28.61%	34.32%	37.00%	40.15%	42.06%
Operating Margin	7.26%	3.19%	9.64%	11.46%	14.23%	12.69%
Profit Margin	5.04%	3.82%	9.27%	12.20%	14.34%	34.18%
Free Cash Flow Margin	-6.16%	-5.40%	-0.48%	-13.01%	-7.40%	-2.54%
EBITDA	125.66	61.61	98.53	98.12	84.87	64.31
EBITDA Margin	10.63%	7.78%	14.23%	14.02%	16.67%	15.89%
D&A For EBITDA	39.81	36.37	31.79	17.89	12.44	12.93
EBIT	85.85	25.24	66.74	80.23	72.43	51.38
EBIT Margin	7.26%	3.19%	9.64%	11.46%	14.23%	12.69%
Effective Tax Rate	10.92%	-	9.64%	2.29%	9.37%	13.50%
Revenue as Reported	1,182	792.39	692.25	700.11	509.05	404.78
Advertising Expenses	-	8.12	4.87	4.98	3	4.87

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