SHA:688112 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	565.95	489.11	475.93	387.14	296.59	217.84
Other Revenue	8.29	8.29	7.3	10.56	7.23	2.97
Revenue	574.25	497.4	483.23	397.71	303.82	220.8
Revenue Growth (YoY)	17.56%	2.93%	21.50%	30.90%	37.60%	16.49%
Cost of Revenue	228.13	194.89	187.9	171.34	132.38	95.56
Gross Profit	346.11	302.52	295.33	226.37	171.44	125.24
Selling, General & Admin	112.46	114.09	95.46	73.12	46.46	37.21
Research & Development	135.79	108.5	86.1	57.61	38.29	28.87
Other Operating Expenses	-2.02	-4.3	-15.51	0.11	-0.56	-0.9
Operating Expenses	248.7	220.34	165.05	133.66	85.23	65.54
Operating Income	97.41	82.17	130.28	92.71	86.21	59.7
Interest Expense	-1.71	-1.63	-0.89	-0.83	-0.47	-
Interest & Investment Income	30.36	36.49	40.93	42.88	4.38	0.66
Currency Exchange Gain (Loss)	-0.34	-0.34	5.7	5.75	-4.98	-1.8
Other Non Operating Income (Expenses)	7.14	-0.78	-6.84	-4.65	-0.67	-0.98
EBT Excluding Unusual Items	132.87	115.93	169.17	135.87	84.47	57.57
Gain (Loss) on Sale of Assets	0.12	0.19	0	0	0	-0.01
Asset Writedown	0.14	-0.01	-0.05	-	-	-
Other Unusual Items	1.99	2.08	-	17.33	5.94	4.05
Pretax Income	135.13	118.18	169.13	153.2	90.42	61.62
Income Tax Expense	3.32	6.07	13.87	12.43	9.36	7.91
Net Income	131.81	112.11	155.26	140.77	81.06	53.71
Net Income to Common	131.81	112.11	155.26	140.77	81.06	53.71
Net Income Growth	3.06%	-27.79%	10.29%	73.67%	50.92%	51.60%
Shares Outstanding (Basic)	161	160	158	158	122	119
Shares Outstanding (Diluted)	161	160	158	158	122	119
Shares Change (YoY)	1.92%	1.09%	0.16%	29.65%	2.15%	-0.45%
EPS (Basic)	0.82	0.70	0.98	0.89	0.66	0.45
EPS (Diluted)	0.82	0.70	0.98	0.89	0.66	0.45
EPS Growth	1.13%	-28.57%	10.11%	33.95%	47.74%	52.29%
Free Cash Flow	145.93	83.79	85.07	12.67	29.52	52.79
Free Cash Flow Per Share	0.91	0.52	0.54	0.08	0.24	0.44
Dividend Per Share	0.510	0.510	0.880	0.571	0.315	-
Dividend Growth	-42.05%	-42.05%	54.25%	81.34%	-	-
Gross Margin	60.27%	60.82%	61.12%	56.92%	56.43%	56.72%
Operating Margin	16.96%	16.52%	26.96%	23.31%	28.38%	27.04%
Profit Margin	22.95%	22.54%	32.13%	35.40%	26.68%	24.32%
Free Cash Flow Margin	25.41%	16.84%	17.60%	3.19%	9.72%	23.91%
EBITDA	109.94	92.29	137.18	96.42	88.48	61.69
EBITDA Margin	19.14%	18.55%	28.39%	24.24%	29.12%	27.94%
D&A For EBITDA	12.52	10.11	6.9	3.7	2.27	1.99
EBIT	97.41	82.17	130.28	92.71	86.21	59.7
EBIT Margin	16.96%	16.52%	26.96%	23.31%	28.38%	27.04%
Effective Tax Rate	2.46%	5.14%	8.20%	8.11%	10.35%	12.83%
Revenue as Reported	76.84	-	-	397.71	303.82	220.8
Advertising Expenses	-	-	-	18.57	11.1	7.72

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.