SHA:688131 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	2,868	2,254	1,868	1,348	969.23
Other Revenue	-	16.5	11.69	9.77	-
Revenue	2,868	2,270	1,880	1,358	969.23
Revenue Growth (YoY)	26.35%	20.75%	38.44%	40.12%	52.61%
Cost of Revenue	-	1,311	1,113	702.2	473.74
Gross Profit	2,868	959.67	766.71	655.85	495.49
Selling, General & Admin	-	444.9	378.18	279.2	183.67
Research & Development	-	226.93	224.12	201.58	103.45
Other Operating Expenses	2,558	9.47	4.94	5.11	2.73
Operating Expenses	2,558	696.26	618.1	497.11	293.71
Operating Income	310.12	263.41	148.61	158.74	201.78
Interest Expense	-	-44	-33.9	-16.86	-9.5
Interest & Investment Income	-	7.48	3.21	25.76	12.65
Currency Exchange Gain (Loss)	-	7.59	3.55	10.47	-6.38
Other Non Operating Income (Expenses)	-20.83	-9.09	-7.62	-4.36	-3.69
EBT Excluding Unusual Items	289.29	225.39	113.85	173.75	194.86
Gain (Loss) on Sale of Investments	-	-13.61	-4.77	-	-0.12
Gain (Loss) on Sale of Assets	-	-0.57	0.06	-0.19	-0.04
Other Unusual Items	-	27.14	19.05	24.99	14.81
Pretax Income	289.29	238.36	128.19	198.54	209.52
Income Tax Expense	41.53	40.43	1.88	6.99	18.95
Earnings From Continuing Operations	247.77	197.93	126.31	191.56	190.57
Minority Interest in Earnings	-	3.66	1.14	2.09	0.41
Net Income	247.77	201.59	127.45	193.64	190.98
Net Income to Common	247.77	201.59	127.45	193.64	190.98
Net Income Growth	22.91%	58.17%	-34.18%	1.40%	48.70%
Shares Outstanding (Basic)	212	210	209	204	178
Shares Outstanding (Diluted)	212	210	209	204	178
Shares Change (YoY)	0.85%	0.51%	2.50%	14.35%	16.33%
EPS (Basic)	1.17	0.96	0.61	0.95	1.07
EPS (Diluted)	1.17	0.96	0.61	0.95	1.07
EPS Growth	21.88%	57.38%	-35.79%	-11.33%	27.82%
Free Cash Flow	-	77.5	-323.37	-821.59	-229.85
Free Cash Flow Per Share	-	0.37	-1.55	-4.03	-1.29
Dividend Per Share	-	0.190	0.107	0.194	0.193
Dividend Growth	-	77.40%	-44.77%	0.41%	-
Gross Margin	100.00%	42.27%	40.78%	48.29%	51.12%
Operating Margin	10.81%	11.60%	7.90%	11.69%	20.82%
Profit Margin	8.64%	8.88%	6.78%	14.26%	19.70%
Free Cash Flow Margin	-	3.41%	-17.20%	-60.50%	-23.71%
EBITDA	428.7	381.99	232.05	195.23	217.57
EBITDA Margin	14.95%	16.83%	12.34%	14.38%	22.45%
D&A For EBITDA	118.58	118.58	83.43	36.49	15.79
EBIT	310.12	263.41	148.61	158.74	201.78
EBIT Margin	10.81%	11.60%	7.90%	11.69%	20.82%
Effective Tax Rate	14.35%	16.96%	1.47%	3.52%	9.04%
Revenue as Reported	-	2,270	1,880	1,358	969.23
Advertising Expenses	-	61.5	37.99	23.61	16.79

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