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	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	779.98	687.4	524.39	396.72	371.02	281.25
Other Revenue	11.57	8.33	9.17	6.16	7.08	6.41
Revenue	791.54	695.72	533.56	402.88	378.1	287.66
Revenue Growth	38.77%	30.39%	32.44%	6.55%	31.44%	22.82%
Cost of Revenue	284.62	264.13	204.38	162.54	156.28	110.11
Gross Profit	506.92	431.59	329.18	240.33	221.82	177.55
Selling, General & Admin	210.04	177.51	132.56	96.08	83.96	61.35
Research & Development	80.67	76.67	62.51	51.07	38.7	22.32
Other Operating Expenses	7.34	6.42	6.35	0.78	3.22	1.52
Operating Expenses	300.09	258.66	202.55	148.1	127.2	85.52
Operating Income	206.84	172.93	126.62	92.23	94.63	92.03
Interest Expense	-19.81	-27.43	-7.29	-6.69	-4.67	-0.41
Interest & Investment Income	12.19	10.27	5.87	6.89	8.28	10.16
Currency Exchange Gain (Loss)	-0.55	-0.03	0.01	0.11	0.4	-0.11
Other Non Operating Income (Expenses)	-0.81	-0.76	-1.15	-0.57	-0.69	-0.4
EBT Excluding Unusual Items	197.86	154.98	124.06	91.97	97.95	101.27
Gain (Loss) on Sale of Investments	-1.85	-2.74	0.55	1.46	1.3	0.35
Gain (Loss) on Sale of Assets	0	-0.16	-0.1	-0.13	0.19	-1.47
Other Unusual Items	1.84	1.96	3.13	1.6	6.24	1.56
Pretax Income	197.85	154.04	127.63	94.91	105.67	101.71
Income Tax Expense	17.74	18.98	11.91	9.08	12.9	12.35
Earnings From Continuing Operations	180.11	135.06	115.72	85.83	92.77	89.36
Minority Interest in Earnings	-38.61	-33	-16.96	-	-	-
Net Income	141.5	102.06	98.76	85.83	92.77	89.36
Net Income to Common	141.5	102.06	98.76	85.83	92.77	89.36
Net Income Growth	76.98%	3.34%	15.07%	-7.48%	3.82%	20.06%
Shares Outstanding (Basic)	341	329	329	294	339	331
Shares Outstanding (Diluted)	341	329	341	303	346	331
Shares Change	3.33%	-3.33%	12.41%	-12.51%	4.75%	25.43%
EPS (Basic)	0.42	0.31	0.30	0.29	0.27	0.27
EPS (Diluted)	0.42	0.31	0.29	0.28	0.27	0.27
EPS Growth	71.27%	6.90%	2.37%	5.75%	-0.89%	-4.29%

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	206.82	351.57	115.99	10.11	-105.23	-98.38
Free Cash Flow Per Share	0.61	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	64.04%	62.03%	61.70%	59.65%	58.67%	61.72%
Operating Margin	26.13%	24.86%	23.73%	22.89%	25.03%	31.99%
Profit Margin	17.88%	14.67%	18.51%	21.30%	24.54%	31.06%
Free Cash Flow Margin	26.13%	50.53%	21.74%	2.51%	-27.83%	-34.20%
EBITDA	230.03	194.7	152.61	109.47	107.33	101.74
EBITDA Margin	29.06%	27.98%	28.60%	27.17%	28.38%	35.37%
D&A For EBITDA	23.19	21.76	25.99	17.24	12.7	9.72
EBIT	206.84	172.93	126.62	92.23	94.63	92.03
EBIT Margin	26.13%	24.86%	23.73%	22.89%	25.03%	31.99%
Effective Tax Rate	8.96%	12.32%	9.33%	9.56%	12.21%	12.14%
Revenue as Reported	791.54	695.72	533.56	402.88	378.1	287.66
Advertising Expenses	-	6.65	11.44	5.46	3.9	3.34