SHA:688112 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	592.21	489.11	475.93	387.14	296.59
Other Revenue	9.81	8.29	7.3	10.56	7.23
Revenue	602.02	497.4	483.23	397.71	303.82
Revenue Growth (YoY)	21.03%	2.93%	21.50%	30.90%	37.60%
Cost of Revenue	234.31	194.89	187.9	171.34	132.38
Gross Profit	367.71	302.52	295.33	226.37	171.44
Selling, General & Admin	114.17	114.09	95.46	73.12	46.46
Research & Development	145.02	108.5	86.1	57.61	38.29
Other Operating Expenses	-3.41	-4.3	-15.51	0.11	-0.56
Operating Expenses	255.61	220.34	165.05	133.66	85.23
Operating Income	112.1	82.17	130.28	92.71	86.21
Interest Expense	-1.7	-1.63	-0.89	-0.83	-0.47
Interest & Investment Income	29.46	36.49	40.93	42.88	4.38
Currency Exchange Gain (Loss)	4.95	-0.34	5.7	5.75	-4.98
Other Non Operating Income (Expenses)	-1.05	-0.78	-6.84	-4.65	-0.67
EBT Excluding Unusual Items	143.75	115.93	169.17	135.87	84.47
Gain (Loss) on Sale of Assets	0.22	0.19	0	0	0
Asset Writedown	-0.01	-0.01	-0.05	-	-
Other Unusual Items	4.05	2.08	-	17.33	5.94
Pretax Income	148.02	118.18	169.13	153.2	90.42
Income Tax Expense	5.43	6.07	13.87	12.43	9.36
Net Income	142.59	112.11	155.26	140.77	81.06
Net Income to Common	142.59	112.11	155.26	140.77	81.06
Net Income Growth	27.19%	-27.79%	10.29%	73.67%	50.92%
Shares Outstanding (Basic)	158	160	158	158	122
Shares Outstanding (Diluted)	158	160	158	158	122
Shares Change (YoY)	-1.08%	1.09%	0.16%	29.65%	2.15%
EPS (Basic)	0.90	0.70	0.98	0.89	0.66
EPS (Diluted)	0.90	0.70	0.98	0.89	0.66
EPS Growth	28.57%	-28.57%	10.11%	33.95%	47.74%
Free Cash Flow	151.67	83.79	85.07	12.67	29.52
Free Cash Flow Per Share	0.96	0.52	0.54	0.08	0.24
Dividend Per Share	0.660	0.510	0.880	0.571	0.315
Dividend Growth	29.41%	-42.05%	54.25%	81.34%	-
Gross Margin	61.08%	60.82%	61.12%	56.92%	56.43%
Operating Margin	18.62%	16.52%	26.96%	23.31%	28.38%
Profit Margin	23.69%	22.54%	32.13%	35.40%	26.68%
Free Cash Flow Margin	25.19%	16.84%	17.60%	3.19%	9.72%
EBITDA	125.15	92.29	137.18	96.42	88.48
EBITDA Margin	20.79%	18.55%	28.39%	24.24%	29.12%
D&A For EBITDA	13.05	10.11	6.9	3.7	2.27
EBIT	112.1	82.17	130.28	92.71	86.21
EBIT Margin	18.62%	16.52%	26.96%	23.31%	28.38%
Effective Tax Rate	3.67%	5.14%	8.20%	8.11%	10.35%
Revenue as Reported	602.02	497.4	-	397.71	303.82
Advertising Expenses	27.53	31.94	-	18.57	11.1

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