SHA:688112 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	622.33	592.21	489.11	475.93	387.14	296.59
Other Revenue	9.81	9.81	8.29	7.3	10.56	7.23
Revenue	632.13	602.02	497.4	483.23	397.71	303.82
Revenue Growth (YoY)	20.32%	21.03%	2.93%	21.50%	30.90%	37.60%
Cost of Revenue	241.87	234.31	194.89	187.9	171.34	132.38
Gross Profit	390.27	367.71	302.52	295.33	226.37	171.44
Selling, General & Admin	112.88	114.17	114.09	95.46	73.12	46.46
Research & Development	154.62	145.02	108.5	86.1	57.61	38.29
Other Operating Expenses	-0.7	-3.41	-4.3	-15.51	0.11	-0.56
Operating Expenses	266.63	255.61	220.34	165.05	133.66	85.23
Operating Income	123.64	112.1	82.17	130.28	92.71	86.21
Interest Expense	-1.7	-1.7	-1.63	-0.89	-0.83	-0.47
Interest & Investment Income	29.46	29.46	36.49	40.93	42.88	4.38
Currency Exchange Gain (Loss)	4.95	4.95	-0.34	5.7	5.75	-4.98
Other Non Operating Income (Expenses)	-12.84	-1.05	-0.78	-6.84	-4.65	-0.67
EBT Excluding Unusual Items	143.51	143.75	115.93	169.17	135.87	84.47
Gain (Loss) on Sale of Assets	0.22	0.22	0.19	0	0	0
Asset Writedown	0.08	-0.01	-0.01	-0.05	-	-
Other Unusual Items	4.05	4.05	2.08	-	17.33	5.94
Pretax Income	147.86	148.02	118.18	169.13	153.2	90.42
Income Tax Expense	7.61	5.43	6.07	13.87	12.43	9.36
Net Income	140.24	142.59	112.11	155.26	140.77	81.06
Net Income to Common	140.24	142.59	112.11	155.26	140.77	81.06
Net Income Growth	14.55%	27.19%	-27.79%	10.29%	73.67%	50.92%
Shares Outstanding (Basic)	159	158	160	158	158	122
Shares Outstanding (Diluted)	159	158	160	158	158	122
Shares Change (YoY)	-0.04%	-1.08%	1.09%	0.16%	29.65%	2.15%
EPS (Basic)	0.88	0.90	0.70	0.98	0.89	0.66
EPS (Diluted)	0.88	0.90	0.70	0.98	0.89	0.66
EPS Growth	14.60%	28.57%	-28.57%	10.11%	33.95%	47.74%
Free Cash Flow	87.54	151.67	83.79	85.07	12.67	29.52
Free Cash Flow Per Share	0.55	0.96	0.52	0.54	0.08	0.24
Dividend Per Share	0.660	0.660	0.510	0.880	0.571	0.315
Dividend Growth	29.41%	29.41%	-42.05%	54.25%	81.34%	-
Gross Margin	61.74%	61.08%	60.82%	61.12%	56.92%	56.43%
Operating Margin	19.56%	18.62%	16.52%	26.96%	23.31%	28.38%
Profit Margin	22.19%	23.69%	22.54%	32.13%	35.40%	26.68%
Free Cash Flow Margin	13.85%	25.19%	16.84%	17.60%	3.19%	9.72%
EBITDA	137.43	125.15	92.29	137.18	96.42	88.48
EBITDA Margin	21.74%	20.79%	18.55%	28.39%	24.24%	29.12%
D&A For EBITDA	13.78	13.05	10.11	6.9	3.7	2.27
EBIT	123.64	112.1	82.17	130.28	92.71	86.21
EBIT Margin	19.56%	18.62%	16.52%	26.96%	23.31%	28.38%
Effective Tax Rate	5.15%	3.67%	5.14%	8.20%	8.11%	10.35%
Revenue as Reported	602.02	602.02	497.4	-	397.71	303.82
Advertising Expenses	-	27.53	31.94	-	18.57	11.1

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