SHA:688139 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	2,280	2,316	2,274	2,272	2,855	2,119
Other Revenue	12.2	12.2	9.85	9.24	8.62	7.31
Revenue	2,292	2,329	2,284	2,281	2,864	2,126
Revenue Growth (YoY)	0.26%	1.96%	0.13%	-20.36%	34.72%	51.63%
Cost of Revenue	1,233	1,247	1,190	1,174	1,490	1,061
Gross Profit	1,059	1,082	1,094	1,107	1,374	1,065
Selling, General & Admin	561.22	552.22	471.73	476.68	513.72	388.03
Research & Development	326.79	323.25	306.17	320.64	292.47	236.31
Other Operating Expenses	-7.57	-2.74	-6.48	-7.25	2.34	1.63
Operating Expenses	893.59	885.88	787.08	793.97	809.08	622.71
Operating Income	164.97	195.77	306.58	312.95	564.67	441.98
Interest Expense	-3.91	-3.91	-3.41	-3.51	-2.69	-2.89
Interest & Investment Income	57.75	62.68	71.46	118.64	95.02	483.95
Currency Exchange Gain (Loss)	-2.38	-2.38	4.46	-7.72	3.58	4.14
Other Non Operating Income (Expenses)	-9.94	-3.44	-1.87	-1.64	-1.49	0.56
EBT Excluding Unusual Items	206.49	248.72	377.21	418.71	659.1	927.74
Gain (Loss) on Sale of Investments	-0.22	-0.49	5.47	2.06	-7.01	10.21
Gain (Loss) on Sale of Assets	0.67	0.63	0.23	-1.6	-0.76	-0.52
Asset Writedown	-0.2	-1.23	-1.86	-2.36	-	-
Other Unusual Items	17.13	17.13	20.9	17.69	24	23.44
Pretax Income	223.88	264.76	401.96	434.49	675.34	960.87
Income Tax Expense	4.95	9.63	20.95	22.43	63.36	111.7
Earnings From Continuing Operations	218.92	255.13	381.01	412.06	611.97	849.17
Minority Interest in Earnings	1.01	-4.4	-14.38	-5.99	-11.18	-4.14
Net Income	219.93	250.73	366.63	406.07	600.79	845.04
Net Income to Common	219.93	250.73	366.63	406.07	600.79	845.04
Net Income Growth	-35.18%	-31.61%	-9.71%	-32.41%	-28.90%	121.82%
Shares Outstanding (Basic)	314	313	316	317	318	316
Shares Outstanding (Diluted)	314	313	316	317	318	318
Shares Change (YoY)	-0.79%	-0.84%	-0.37%	-0.20%	0.06%	-2.43%
EPS (Basic)	0.70	0.80	1.16	1.28	1.89	2.67
EPS (Diluted)	0.70	0.80	1.16	1.28	1.89	2.66
EPS Growth	-34.66%	-31.03%	-9.38%	-32.27%	-28.95%	127.35%
Free Cash Flow	135.62	148.64	164.96	72.08	338.18	387.11
Free Cash Flow Per Share	0.43	0.47	0.52	0.23	1.06	1.22
Dividend Per Share	0.330	0.330	0.470	0.515	0.450	0.500
Dividend Growth	-29.79%	-29.79%	-8.74%	14.44%	-10.02%	31.61%
Gross Margin	46.19%	46.45%	47.89%	48.53%	47.97%	50.08%
Operating Margin	7.20%	8.41%	13.42%	13.72%	19.72%	20.79%
Profit Margin	9.60%	10.77%	16.05%	17.80%	20.98%	39.75%
Free Cash Flow Margin	5.92%	6.38%	7.22%	3.16%	11.81%	18.21%
EBITDA	270.9	303.74	422.71	410.67	626.73	491.15
EBITDA Margin	11.82%	13.04%	18.51%	18.00%	21.88%	23.10%
D&A For EBITDA	105.93	107.97	116.13	97.72	62.06	49.17
EBIT	164.97	195.77	306.58	312.95	564.67	441.98
EBIT Margin	7.20%	8.41%	13.42%	13.72%	19.72%	20.79%
Effective Tax Rate	2.21%	3.64%	5.21%	5.16%	9.38%	11.63%
Revenue as Reported	2,329	2,329	2,284	2,281	2,864	2,126
Advertising Expenses	-	35.16	24.88	31.82	25.41	14.24

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