SHA:688166 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	1,146	1,248	1,161	1,013	1,050	783.71
Other Revenue	34.27	34.27	18.34	4.04	2.25	1.67
Revenue	1,180	1,283	1,180	1,017	1,052	785.38
Revenue Growth (YoY)	-4.95%	8.73%	15.94%	-3.33%	34.00%	56.09%
Cost of Revenue	575.2	560.51	542.9	390.95	470.07	363.39
Gross Profit	604.78	722.04	636.61	626.38	582.34	421.99
Selling, General & Admin	245.21	210.87	180.46	184.98	145.56	99.04
Research & Development	301.5	297.45	248.59	207.02	173.29	138.26
Other Operating Expenses	6.41	1.39	-1.59	5.22	4.22	2.4
Operating Expenses	554.31	521.27	428.37	395	333.18	238.89
Operating Income	50.46	200.76	208.24	231.38	249.16	183.11
Interest Expense	-61.22	-52.44	-44.42	-23.71	-9.7	-2.04
Interest & Investment Income	10.14	10.96	17.99	6.2	10.14	13.01
Currency Exchange Gain (Loss)	1.92	1.92	2.6	12.99	4.63	-11.02
Other Non Operating Income (Expenses)	3.34	-2.14	-1.88	-2.17	-1.77	-0.92
EBT Excluding Unusual Items	4.63	159.07	182.54	224.68	252.46	182.13
Impairment of Goodwill	-4.38	-4.38	-	-	-	-
Gain (Loss) on Sale of Investments	-18.95	-17.33	-15.26	-3.39	0.79	0.04
Gain (Loss) on Sale of Assets	-0.44	-0.15	-0.25	-0.01	-0.26	-0.27
Asset Writedown	2.48	-	-	-	-	-
Other Unusual Items	28.2	19.99	21.74	20.93	4.47	9.42
Pretax Income	11.54	157.2	188.77	242.21	257.46	191.32
Income Tax Expense	-14.35	15.94	15.35	30.78	19.9	21.96
Earnings From Continuing Operations	25.89	141.26	173.42	211.43	237.56	169.36
Minority Interest in Earnings	36.19	47.9	29.04	28.2	6.39	0.52
Net Income	62.08	189.17	202.47	239.62	243.95	169.88
Net Income to Common	62.08	189.17	202.47	239.62	243.95	169.88
Net Income Growth	-66.99%	-6.57%	-15.51%	-1.77%	43.60%	52.93%
Shares Outstanding (Basic)	418	420	422	413	407	414
Shares Outstanding (Diluted)	418	420	422	413	407	414
Shares Change (YoY)	-0.21%	-0.34%	2.10%	1.61%	-1.87%	11.90%
EPS (Basic)	0.15	0.45	0.48	0.58	0.60	0.41
EPS (Diluted)	0.15	0.45	0.48	0.58	0.60	0.41
EPS Growth	-66.92%	-6.25%	-17.24%	-3.33%	46.34%	36.67%
Free Cash Flow	-144.61	-11.64	-209	-415.47	-733.59	-199.84
Free Cash Flow Per Share	-0.35	-0.03	-0.49	-1.01	-1.80	-0.48
Dividend Per Share	0.096	0.096	0.096	0.114	0.120	0.084
Dividend Growth	-	-	-15.79%	-5.00%	42.86%	2.44%
Gross Margin	51.25%	56.30%	53.97%	61.57%	55.33%	53.73%
Operating Margin	4.28%	15.65%	17.66%	22.74%	23.67%	23.31%
Profit Margin	5.26%	14.75%	17.16%	23.55%	23.18%	21.63%
Free Cash Flow Margin	-12.26%	-0.91%	-17.72%	-40.84%	-69.71%	-25.45%
EBITDA	168.02	296.58	275.07	271.03	283.34	213.31
EBITDA Margin	14.24%	23.12%	23.32%	26.64%	26.92%	27.16%
D&A For EBITDA	117.56	95.82	66.83	39.65	34.18	30.2
EBIT	50.46	200.76	208.24	231.38	249.16	183.11
EBIT Margin	4.28%	15.65%	17.66%	22.74%	23.67%	23.31%
Effective Tax Rate	-	10.14%	8.13%	12.71%	7.73%	11.48%
Revenue as Reported	1,180	1,283	1,180	1,017	1,052	785.38
Advertising Expenses	-	-	-	0.52	1.01	1.32

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