SHA:688179 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	727.95	687.4	524.39	396.72	371.02	281.25
Other Revenue	8.33	8.33	9.17	6.16	7.08	6.41
Revenue	736.28	695.72	533.56	402.88	378.1	287.66
Revenue Growth (YoY)	30.25%	30.39%	32.44%	6.55%	31.44%	22.82%
Cost of Revenue	269.67	264.13	204.38	162.54	156.28	110.11
Gross Profit	466.61	431.59	329.18	240.33	221.82	177.55
Selling, General & Admin	191.96	177.51	132.56	96.08	83.96	61.35
Research & Development	78.55	76.67	62.51	51.07	38.7	22.32
Other Operating Expenses	7.32	6.42	6.35	0.78	3.22	1.52
Operating Expenses	275.93	258.66	202.55	148.1	127.2	85.52
Operating Income	190.68	172.93	126.62	92.23	94.63	92.03
Interest Expense	-31.39	-27.43	-7.29	-6.69	-4.67	-0.41
Interest & Investment Income	12.11	10.27	5.87	6.89	8.28	10.16
Currency Exchange Gain (Loss)	-0.03	-0.03	0.01	0.11	0.4	-0.11
Other Non Operating Income (Expenses)	-0.74	-0.76	-1.15	-0.57	-0.69	-0.4
EBT Excluding Unusual Items	170.62	154.98	124.06	91.97	97.95	101.27
Gain (Loss) on Sale of Investments	-2.54	-2.74	0.55	1.46	1.3	0.35
Gain (Loss) on Sale of Assets	-0.01	-0.16	-0.1	-0.13	0.19	-1.47
Asset Writedown	-7.18	-	-	-	-	-
Other Unusual Items	1.9	1.96	3.13	1.6	6.24	1.56
Pretax Income	162.8	154.04	127.63	94.91	105.67	101.71
Income Tax Expense	20.05	18.98	11.91	9.08	12.9	12.35
Earnings From Continuing Operations	142.75	135.06	115.72	85.83	92.77	89.36
Minority Interest in Earnings	-35.78	-33	-16.96	-	-	-
Net Income	106.97	102.06	98.76	85.83	92.77	89.36
Net Income to Common	106.97	102.06	98.76	85.83	92.77	89.36
Net Income Growth	1.07%	3.34%	15.07%	-7.48%	3.82%	20.06%
Shares Outstanding (Basic)	324	329	329	294	339	331
Shares Outstanding (Diluted)	334	329	341	303	346	331
Shares Change (YoY)	-2.23%	-3.33%	12.41%	-12.51%	4.75%	25.43%
EPS (Basic)	0.33	0.31	0.30	0.29	0.27	0.27
EPS (Diluted)	0.32	0.31	0.29	0.28	0.27	0.27
EPS Growth	3.38%	6.90%	2.37%	5.75%	-0.89%	-4.29%
Free Cash Flow	191.54	351.57	115.99	10.11	-105.23	-98.38
Free Cash Flow Per Share	0.57	1.07	0.34	0.03	-0.30	-0.30
Dividend Per Share	0.140	0.140	0.200	0.179	0.106	0.121
Dividend Growth	-30.00%	-30.00%	11.98%	68.02%	-12.51%	-19.96%
Gross Margin	63.37%	62.03%	61.70%	59.65%	58.67%	61.72%
Operating Margin	25.90%	24.86%	23.73%	22.89%	25.03%	31.99%
Profit Margin	14.53%	14.67%	18.51%	21.30%	24.54%	31.06%
Free Cash Flow Margin	26.02%	50.53%	21.74%	2.51%	-27.83%	-34.20%
EBITDA	211.39	194.7	152.61	109.47	107.33	101.74
EBITDA Margin	28.71%	27.98%	28.60%	27.17%	28.38%	35.37%
D&A For EBITDA	20.71	21.76	25.99	17.24	12.7	9.72
EBIT	190.68	172.93	126.62	92.23	94.63	92.03
EBIT Margin	25.90%	24.86%	23.73%	22.89%	25.03%	31.99%
Effective Tax Rate	12.32%	12.32%	9.33%	9.56%	12.21%	12.14%
Revenue as Reported	736.28	695.72	533.56	402.88	378.1	287.66
Advertising Expenses	-	6.65	11.44	5.46	3.9	3.34

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