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	Jun '26 Jun 30, 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	2,425	2,316	2,274	2,272	2,855	2,119
Other Revenue	5.04	12.2	9.85	9.24	8.62	7.31
Revenue	2,430	2,329	2,284	2,281	2,864	2,126
Revenue Growth	7.70%	1.96%	0.13%	-20.36%	34.72%	51.63%
Cost of Revenue	1,288	1,247	1,190	1,174	1,490	1,061
Gross Profit	1,142	1,082	1,094	1,107	1,374	1,065
Selling, General & Admin	584.7	552.22	471.73	476.68	513.72	388.03
Research & Development	335.64	323.25	306.17	320.64	292.47	236.31
Other Operating Expenses	-1.2	-2.74	-6.48	-7.25	2.34	1.63
Operating Expenses	919.59	885.88	787.08	793.97	809.08	622.71
Operating Income	222.42	195.77	306.58	312.95	564.67	441.98
Interest Expense	-3.82	-3.91	-3.41	-3.51	-2.69	-2.89
Interest & Investment Income	52.94	62.68	71.46	118.64	95.02	483.95
Currency Exchange Gain (Loss)	-7.16	-2.38	4.46	-7.72	3.58	4.14
Other Non Operating Income (Expenses)	-11.72	-3.44	-1.87	-1.64	-1.49	0.56
EBT Excluding Unusual Items	252.66	248.72	377.21	418.71	659.1	927.74
Gain (Loss) on Sale of Investments	-0.17	-0.49	5.47	2.06	-7.01	10.21
Gain (Loss) on Sale of Assets	0.56	0.63	0.23	-1.6	-0.76	-0.52
Asset Writedown	-3.46	-1.23	-1.86	-2.36	-	-
Other Unusual Items	15.44	17.13	20.9	17.69	24	23.44
Pretax Income	265.03	264.76	401.96	434.49	675.34	960.87
Income Tax Expense	8.2	9.63	20.95	22.43	63.36	111.7
Earnings From Continuing Operations	256.83	255.13	381.01	412.06	611.97	849.17
Minority Interest in Earnings	-1.43	-4.4	-14.38	-5.99	-11.18	-4.14
Net Income	255.41	250.73	366.63	406.07	600.79	845.04
Net Income to Common	255.41	250.73	366.63	406.07	600.79	845.04
Net Income Growth	-7.13%	-31.61%	-9.71%	-32.41%	-28.90%	121.82%
Shares Outstanding (Basic)	312	313	316	317	318	316
Shares Outstanding (Diluted)	312	313	316	317	318	318
Shares Change	-1.48%	-0.84%	-0.37%	-0.20%	0.06%	-2.43%
EPS (Basic)	0.82	0.80	1.16	1.28	1.89	2.67
EPS (Diluted)	0.82	0.80	1.16	1.28	1.89	2.66
EPS Growth	-5.74%	-31.03%	-9.38%	-32.27%	-28.95%	127.35%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	289.88	148.64	164.96	72.08	338.18	387.11
Free Cash Flow Per Share	0.93	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	47.00%	46.45%	47.89%	48.53%	47.97%	50.08%
Operating Margin	9.15%	8.41%	13.42%	13.72%	19.72%	20.79%
Profit Margin	10.51%	10.77%	16.05%	17.80%	20.98%	39.75%
Free Cash Flow Margin	11.93%	6.38%	7.22%	3.16%	11.81%	18.21%
EBITDA	337.94	303.74	422.71	410.67	626.73	491.15
EBITDA Margin	13.91%	13.04%	18.51%	18.00%	21.88%	23.10%
D&A For EBITDA	115.52	107.97	116.13	97.72	62.06	49.17
EBIT	222.42	195.77	306.58	312.95	564.67	441.98
EBIT Margin	9.15%	8.41%	13.42%	13.72%	19.72%	20.79%
Effective Tax Rate	3.09%	3.64%	5.21%	5.16%	9.38%	11.63%
Revenue as Reported	2,430	2,329	2,284	2,281	2,864	2,126
Advertising Expenses	-	35.16	24.88	31.82	25.41	14.24