SHA:688122 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	5,197	4,443	4,003	4,073	2,838	2,060
Other Revenue	169.39	169.39	155.41	154.3	88.79	52.84
Revenue	5,366	4,612	4,159	4,227	2,927	2,113
Revenue Growth (YoY)	24.63%	10.91%	-1.62%	44.41%	38.55%	46.11%
Cost of Revenue	3,445	3,106	2,857	2,577	1,773	1,419
Gross Profit	1,921	1,507	1,302	1,651	1,154	693.99
Selling, General & Admin	285.96	220.23	223.74	206.09	173.72	132.43
Research & Development	383.59	350.89	329.45	254.29	185.92	130.69
Other Operating Expenses	-0.89	-30.06	-18.91	28.92	28.76	22.88
Operating Expenses	744.55	586.87	559.48	493.9	399.08	282.7
Operating Income	1,176	919.78	742.26	1,157	754.68	411.3
Interest Expense	-54.72	-59.7	-67.4	-57.62	-44.5	-46.92
Interest & Investment Income	24.9	25.71	22.04	21.97	19.5	5.28
Earnings From Equity Investments	-	-	-	-	-	7.27
Currency Exchange Gain (Loss)	3.11	3.11	3.76	5.03	15.45	-17.45
Other Non Operating Income (Expenses)	-0.1	-0.96	-0.91	-0.77	-1.63	-0.61
EBT Excluding Unusual Items	1,150	887.94	699.76	1,125	743.51	358.87
Gain (Loss) on Sale of Investments	23.55	25.77	38.74	24.19	5.06	9.09
Gain (Loss) on Sale of Assets	0.41	0.42	-3.54	0.67	2.55	-1.04
Asset Writedown	-171.39	-	-	-	-0.73	-
Other Unusual Items	91.79	91.79	133.19	87.54	101.15	56.23
Pretax Income	1,094	1,006	868.15	1,238	851.55	423.15
Income Tax Expense	133.6	129.94	103.57	142.4	106.35	53.32
Earnings From Continuing Operations	960.41	875.98	764.57	1,095	745.2	369.83
Minority Interest in Earnings	-113.62	-75.19	-12.2	-15.31	-3.72	0.94
Net Income	846.79	800.79	752.37	1,080	741.48	370.77
Net Income to Common	846.79	800.79	752.37	1,080	741.48	370.77
Net Income Growth	9.48%	6.44%	-30.33%	45.64%	99.98%	134.31%
Shares Outstanding (Basic)	650	650	650	650	618	618
Shares Outstanding (Diluted)	650	650	650	650	618	618
Shares Change (YoY)	-0.14%	0.00%	0.00%	5.16%	-0.01%	6.24%
EPS (Basic)	1.30	1.23	1.16	1.66	1.20	0.60
EPS (Diluted)	1.30	1.23	1.16	1.66	1.20	0.60
EPS Growth	9.63%	6.43%	-30.33%	38.50%	100.00%	120.54%
Free Cash Flow	-115.87	94.03	-247.69	-363.59	-60.68	-410.99
Free Cash Flow Per Share	-0.18	0.14	-0.38	-0.56	-0.10	-0.67
Dividend Per Share	0.650	0.750	0.700	0.714	0.714	0.286
Dividend Growth	-18.75%	7.14%	-2.00%	-	150.02%	33.32%
Gross Margin	35.80%	32.66%	31.30%	39.05%	39.41%	32.85%
Operating Margin	21.92%	19.94%	17.85%	27.36%	25.78%	19.47%
Profit Margin	15.78%	17.36%	18.09%	25.55%	25.33%	17.55%
Free Cash Flow Margin	-2.16%	2.04%	-5.96%	-8.60%	-2.07%	-19.45%
EBITDA	1,355	1,083	884.15	1,280	863.59	511.24
EBITDA Margin	25.25%	23.47%	21.26%	30.29%	29.50%	24.20%
D&A For EBITDA	178.53	162.82	141.88	123.79	108.9	99.94
EBIT	1,176	919.78	742.26	1,157	754.68	411.3
EBIT Margin	21.92%	19.94%	17.85%	27.36%	25.78%	19.47%
Effective Tax Rate	12.21%	12.92%	11.93%	11.51%	12.49%	12.60%
Revenue as Reported	5,366	4,612	4,159	4,227	2,927	2,113
Advertising Expenses	-	0.56	0.35	0.06	0.1	0.02

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