SHA:688131 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	2,986	2,863	2,254	1,868	1,348	969.23
Other Revenue	13.5	13.5	16.5	11.69	9.77	-
Revenue	2,999	2,877	2,270	1,880	1,358	969.23
Revenue Growth (YoY)	26.48%	26.73%	20.75%	38.44%	40.12%	52.61%
Cost of Revenue	1,678	1,643	1,311	1,113	702.2	473.74
Gross Profit	1,322	1,234	959.67	766.71	655.85	495.49
Selling, General & Admin	654.07	602.09	444.9	378.18	279.2	183.67
Research & Development	248.41	237.62	226.93	224.12	201.58	103.45
Other Operating Expenses	10.1	8.93	9.47	4.94	5.11	2.73
Operating Expenses	929.74	870.48	696.26	618.1	497.11	293.71
Operating Income	391.81	363.55	263.41	148.61	158.74	201.78
Interest Expense	-75.17	-69.19	-44	-33.9	-16.86	-9.5
Interest & Investment Income	15.58	14.11	7.48	3.21	25.76	12.65
Currency Exchange Gain (Loss)	0.2	0.2	7.59	3.55	10.47	-6.38
Other Non Operating Income (Expenses)	-22.63	-8.74	-9.09	-7.62	-4.36	-3.69
EBT Excluding Unusual Items	309.79	299.93	225.39	113.85	173.75	194.86
Impairment of Goodwill	-6.29	-6.29	-	-	-	-
Gain (Loss) on Sale of Investments	-16.15	-15.89	-13.61	-4.77	-	-0.12
Gain (Loss) on Sale of Assets	-18.55	-18.44	-0.57	0.06	-0.19	-0.04
Asset Writedown	-12.6	-4.03	-	-	-	-
Other Unusual Items	20.45	20.5	27.14	19.05	24.99	14.81
Pretax Income	276.66	275.78	238.36	128.19	198.54	209.52
Income Tax Expense	43.19	44.13	40.43	1.88	6.99	18.95
Earnings From Continuing Operations	233.47	231.65	197.93	126.31	191.56	190.57
Minority Interest in Earnings	11.79	8.16	3.66	1.14	2.09	0.41
Net Income	245.26	239.81	201.59	127.45	193.64	190.98
Net Income to Common	245.26	239.81	201.59	127.45	193.64	190.98
Net Income Growth	-0.79%	18.96%	58.17%	-34.18%	1.40%	48.70%
Shares Outstanding (Basic)	213	212	210	209	204	178
Shares Outstanding (Diluted)	213	212	210	209	204	178
Shares Change (YoY)	1.73%	1.06%	0.51%	2.50%	14.35%	16.33%
EPS (Basic)	1.15	1.13	0.96	0.61	0.95	1.07
EPS (Diluted)	1.15	1.13	0.96	0.61	0.95	1.07
EPS Growth	-2.48%	17.71%	57.38%	-35.79%	-11.33%	27.82%
Free Cash Flow	215.5	95.96	77.5	-323.37	-821.59	-229.85
Free Cash Flow Per Share	1.01	0.45	0.37	-1.55	-4.03	-1.29
Dividend Per Share	0.230	0.230	0.190	0.107	0.194	0.193
Dividend Growth	21.05%	21.05%	77.40%	-44.77%	0.41%	-
Gross Margin	44.06%	42.90%	42.27%	40.78%	48.29%	51.12%
Operating Margin	13.06%	12.64%	11.60%	7.90%	11.69%	20.82%
Profit Margin	8.18%	8.34%	8.88%	6.78%	14.26%	19.70%
Free Cash Flow Margin	7.18%	3.34%	3.41%	-17.20%	-60.50%	-23.71%
EBITDA	503.74	477.06	383.24	232.05	195.23	217.57
EBITDA Margin	16.79%	16.58%	16.88%	12.34%	14.38%	22.45%
D&A For EBITDA	111.93	113.51	119.83	83.43	36.49	15.79
EBIT	391.81	363.55	263.41	148.61	158.74	201.78
EBIT Margin	13.06%	12.64%	11.60%	7.90%	11.69%	20.82%
Effective Tax Rate	15.61%	16.00%	16.96%	1.47%	3.52%	9.04%
Revenue as Reported	2,999	2,877	2,270	1,880	1,358	969.23
Advertising Expenses	-	84.51	61.5	37.99	23.61	16.79

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