SHA:688150 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	508.7	441.85	277.06	242.59	341.16	245.36
Other Revenue	29.91	29.91	23.61	37.71	-	29.27
Revenue	538.61	471.77	300.68	280.3	341.16	274.63
Revenue Growth (YoY)	17.38%	56.90%	7.27%	-17.84%	24.23%	36.09%
Cost of Revenue	156.38	166.86	132.53	112.29	132.33	114.02
Gross Profit	382.23	304.91	168.14	168.01	208.83	160.61
Selling, General & Admin	78.63	68.41	59.85	57.92	52.53	44.79
Research & Development	70.12	64.69	50.42	35.78	39.54	29.45
Other Operating Expenses	8.95	4.17	5.02	4.07	3.45	2.57
Operating Expenses	158.95	140.92	116.83	94.91	96.85	78.84
Operating Income	223.28	163.99	51.31	73.1	111.98	81.77
Interest Expense	-5.43	-4.85	-3.91	-2.22	-1.85	-3.13
Interest & Investment Income	10.55	10.28	9.96	4.93	2.03	2.22
Currency Exchange Gain (Loss)	1.04	1.04	3.25	7.82	-1.46	-2.42
Other Non Operating Income (Expenses)	0.2	-0.14	-0.11	-0.08	-0.15	-0.27
EBT Excluding Unusual Items	229.65	170.34	60.5	83.54	110.54	78.16
Gain (Loss) on Sale of Investments	7.9	10.8	14.51	16.21	0.8	0.67
Gain (Loss) on Sale of Assets	0	-	0.07	-0.14	-0.04	-
Asset Writedown	1.71	-0.1	-0.39	-0.03	-	-0.13
Other Unusual Items	7.1	7.72	7.88	18.35	13.16	3.62
Pretax Income	246.37	188.75	82.58	117.94	124.47	82.32
Income Tax Expense	28.94	21.43	5.53	12.46	16.53	11.9
Earnings From Continuing Operations	217.43	167.32	77.05	105.48	107.94	70.42
Minority Interest in Earnings	-	-	-	-	-	0.26
Net Income	217.43	167.32	77.05	105.48	107.94	70.68
Net Income to Common	217.43	167.32	77.05	105.48	107.94	70.68
Net Income Growth	44.18%	117.17%	-26.95%	-2.28%	52.72%	7.37%
Shares Outstanding (Basic)	394	398	406	391	360	353
Shares Outstanding (Diluted)	394	398	406	391	360	353
Shares Change (YoY)	-3.80%	-1.76%	3.80%	8.57%	1.81%	7.37%
EPS (Basic)	0.55	0.42	0.19	0.27	0.30	0.20
EPS (Diluted)	0.55	0.42	0.19	0.27	0.30	0.20
EPS Growth	49.88%	121.05%	-29.63%	-10.00%	50.00%	-
Free Cash Flow	134.62	167.32	-145.05	53.97	21.2	-102.67
Free Cash Flow Per Share	0.34	0.42	-0.36	0.14	0.06	-0.29
Dividend Per Share	0.310	0.250	0.060	0.100	0.100	-
Dividend Growth	72.22%	316.67%	-40.00%	-	-	-
Gross Margin	70.97%	64.63%	55.92%	59.94%	61.21%	58.48%
Operating Margin	41.45%	34.76%	17.07%	26.08%	32.82%	29.78%
Profit Margin	40.37%	35.47%	25.62%	37.63%	31.64%	25.74%
Free Cash Flow Margin	25.00%	35.47%	-48.24%	19.26%	6.21%	-37.39%
EBITDA	275.57	211.88	93.33	109.73	143.34	-
EBITDA Margin	51.16%	44.91%	31.04%	39.15%	42.02%	-
D&A For EBITDA	52.28	47.88	42.01	36.63	31.36	-
EBIT	223.28	163.99	51.31	73.1	111.98	81.77
EBIT Margin	41.45%	34.76%	17.07%	26.08%	32.82%	29.78%
Effective Tax Rate	11.75%	11.36%	6.70%	10.56%	13.28%	14.46%
Revenue as Reported	538.61	471.77	300.68	280.3	341.16	-
Advertising Expenses	-	0.44	0.1	0.08	0.19	0.22

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.