SHA:688160 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	777.03	720	544.52	503.44	536.39	534.16
Other Revenue	3.66	3.66	2.95	3.04	2.92	3.17
Revenue	780.69	723.65	547.47	506.48	539.31	537.33
Revenue Growth (YoY)	37.59%	32.18%	8.09%	-6.09%	0.37%	23.78%
Cost of Revenue	516.49	473	359.7	327.89	342.4	360.97
Gross Profit	264.2	250.65	187.76	178.59	196.91	176.36
Selling, General & Admin	108.61	101.09	82.73	74.04	61.9	59.98
Research & Development	88.33	83.83	73.08	57.65	46.53	47.07
Other Operating Expenses	-4.65	-3.61	-5.3	-4.09	-5.32	-3.35
Operating Expenses	195.89	184.92	151.59	127.03	105.11	104.94
Operating Income	68.31	65.73	36.17	51.56	91.8	71.42
Interest Expense	-1.24	-1.24	-1.83	-1.74	-0.82	-0.71
Interest & Investment Income	13.08	12.23	12.13	12.17	10.16	10.38
Currency Exchange Gain (Loss)	-0.53	-0.53	0.97	-0.04	1.4	-1.38
Other Non Operating Income (Expenses)	-1.85	-0.75	-0.62	-0.25	-0.09	-0.19
EBT Excluding Unusual Items	77.76	75.43	46.83	61.71	102.45	79.51
Gain (Loss) on Sale of Investments	0.17	-0.04	1.71	-	0.18	-
Gain (Loss) on Sale of Assets	-0.08	-0.08	-0.43	-0	0.06	-0.05
Asset Writedown	0.14	-	-	-	-0.04	-
Other Unusual Items	3.91	3.91	1.87	2.47	-	3.06
Pretax Income	81.9	79.22	49.99	64.18	102.64	82.52
Income Tax Expense	7.22	6.74	1.09	3.27	11.86	7.74
Earnings From Continuing Operations	74.67	72.48	48.9	60.91	90.78	74.78
Minority Interest in Earnings	-	-0	-0.01	-0.22	0.27	-0.07
Net Income	74.67	72.48	48.89	60.68	91.06	74.71
Net Income to Common	74.67	72.48	48.89	60.68	91.06	74.71
Net Income Growth	52.62%	48.25%	-19.43%	-33.36%	21.88%	12.90%
Shares Outstanding (Basic)	88	87	84	84	84	84
Shares Outstanding (Diluted)	88	87	84	84	84	84
Shares Change (YoY)	4.46%	3.60%	0.02%	-0.03%	0.44%	29.39%
EPS (Basic)	0.85	0.83	0.58	0.72	1.08	0.89
EPS (Diluted)	0.85	0.83	0.58	0.72	1.08	0.89
EPS Growth	46.10%	43.10%	-19.44%	-33.33%	21.35%	-12.75%
Free Cash Flow	-30.42	0.47	15.22	59.75	80.71	-32.17
Free Cash Flow Per Share	-0.34	0.01	0.18	0.71	0.96	-0.38
Dividend Per Share	0.300	0.300	0.300	0.300	0.400	0.300
Dividend Growth	-	-	-	-25.00%	33.33%	-50.00%
Gross Margin	33.84%	34.64%	34.30%	35.26%	36.51%	32.82%
Operating Margin	8.75%	9.08%	6.61%	10.18%	17.02%	13.29%
Profit Margin	9.56%	10.02%	8.93%	11.98%	16.88%	13.90%
Free Cash Flow Margin	-3.90%	0.07%	2.78%	11.80%	14.97%	-5.99%
EBITDA	76.55	73.58	42.5	56.57	96.7	76.11
EBITDA Margin	9.81%	10.17%	7.76%	11.17%	17.93%	14.16%
D&A For EBITDA	8.24	7.86	6.33	5	4.91	4.69
EBIT	68.31	65.73	36.17	51.56	91.8	71.42
EBIT Margin	8.75%	9.08%	6.61%	10.18%	17.02%	13.29%
Effective Tax Rate	8.82%	8.51%	2.18%	5.10%	11.55%	9.38%
Revenue as Reported	723.65	723.65	547.47	506.48	539.31	537.33
Advertising Expenses	-	2.82	2.68	2.07	0.73	1.71

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