SHA:688186 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	4,703	4,808	3,936	3,708	3,277	2,704
Other Revenue	100.9	100.9	67.15	80.33	90.69	33.15
Revenue	4,804	4,909	4,003	3,788	3,367	2,737
Revenue Growth (YoY)	13.50%	22.62%	5.67%	12.51%	23.02%	51.20%
Cost of Revenue	4,028	4,061	3,338	3,233	2,831	2,224
Gross Profit	775.98	847.46	665.17	555.2	536.48	513.52
Selling, General & Admin	196.41	195.69	185.26	155.05	140.82	123.28
Research & Development	187.64	195.45	211.02	187.23	179.24	130.92
Other Operating Expenses	15.55	6.27	1.37	3.44	20.49	16.9
Operating Expenses	419.03	406.2	423.56	364.05	355.18	297.27
Operating Income	356.95	441.26	241.61	191.16	181.29	216.26
Interest Expense	-142.71	-143.18	-144.78	-97.78	-80.7	-67.9
Interest & Investment Income	6.06	6.22	4.77	11.77	8.97	15.32
Currency Exchange Gain (Loss)	-11.81	-11.81	6.89	-3.73	9.33	-2.78
Other Non Operating Income (Expenses)	4.14	-3.91	-2.71	-1.67	-0.45	-2.84
EBT Excluding Unusual Items	212.64	288.58	105.79	99.74	118.44	158.05
Impairment of Goodwill	-	-	-	-3.08	-	-
Gain (Loss) on Sale of Investments	-3.12	-3.12	-2.99	-2.06	-6.15	-4.68
Gain (Loss) on Sale of Assets	3.52	1.93	-0.1	-0.1	0.7	-1.5
Asset Writedown	-0.3	-	-	-0.02	-	0.49
Other Unusual Items	-15.3	-14.2	56.84	36.08	12.66	29.36
Pretax Income	197.78	273.54	159.95	130.72	126.3	182.18
Income Tax Expense	21.04	30.38	20.29	5.93	13.35	13.55
Earnings From Continuing Operations	176.74	243.16	139.66	124.79	112.95	168.63
Minority Interest in Earnings	-39.84	-37.27	-25.02	-15.58	-10.02	7.47
Net Income	136.91	205.89	114.64	109.21	102.93	176.1
Net Income to Common	136.91	205.89	114.64	109.21	102.93	176.1
Net Income Growth	-25.68%	79.60%	4.97%	6.10%	-41.55%	1.70%
Shares Outstanding (Basic)	244	231	212	214	214	185
Shares Outstanding (Diluted)	244	231	234	232	214	185
Shares Change (YoY)	0.95%	-1.12%	0.69%	8.36%	15.69%	17.76%
EPS (Basic)	0.56	0.89	0.54	0.51	0.48	0.95
EPS (Diluted)	0.56	0.89	0.49	0.47	0.48	0.95
EPS Growth	-26.38%	81.63%	4.25%	-2.08%	-49.47%	-13.64%
Free Cash Flow	-952.54	-1,061	-752.15	-1,756	-1,449	-1,914
Free Cash Flow Per Share	-3.90	-4.59	-3.21	-7.56	-6.75	-10.32
Dividend Per Share	-	-	4.325	0.060	0.050	0.250
Dividend Growth	-	-	7108.33%	20.00%	-80.00%	-50.00%
Gross Margin	16.15%	17.27%	16.62%	14.66%	15.93%	18.76%
Operating Margin	7.43%	8.99%	6.04%	5.05%	5.38%	7.90%
Profit Margin	2.85%	4.20%	2.86%	2.88%	3.06%	6.43%
Free Cash Flow Margin	-19.83%	-21.62%	-18.79%	-46.35%	-43.02%	-69.91%
EBITDA	741.8	816.34	577.64	457.88	379.79	383.16
EBITDA Margin	15.44%	16.63%	14.43%	12.09%	11.28%	14.00%
D&A For EBITDA	384.84	375.08	336.03	266.72	198.49	166.9
EBIT	356.95	441.26	241.61	191.16	181.29	216.26
EBIT Margin	7.43%	8.99%	6.04%	5.05%	5.38%	7.90%
Effective Tax Rate	10.64%	11.11%	12.69%	4.54%	10.57%	7.44%
Revenue as Reported	4,804	4,909	4,003	3,788	3,367	2,737
Advertising Expenses	-	0.41	1.28	0.76	0.64	6.53

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