SHA:688188 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,196	1,718	1,396	881.41	911.3
Other Revenue	-	17.58	11.22	17.09	2.14
Revenue	2,196	1,735	1,407	898.49	913.44
Revenue Growth (YoY)	26.52%	23.33%	56.61%	-1.64%	60.02%
Cost of Revenue	-	348.24	281.61	196.01	183.03
Gross Profit	2,196	1,387	1,126	702.49	730.41
Selling, General & Admin	-	222.75	184.59	115.27	100
Research & Development	-	281.04	261.46	143.55	138.14
Other Operating Expenses	948.22	-62.13	-34.6	-27.58	-45.73
Operating Expenses	948.22	443.89	413.64	231.69	192.07
Operating Income	1,248	943.33	711.87	470.8	538.34
Interest Expense	-	-0.2	-0.24	-0.29	-0.31
Interest & Investment Income	-	49.26	80.19	65.16	65.81
Currency Exchange Gain (Loss)	-	0.41	0.14	0.06	-0
Other Non Operating Income (Expenses)	-0.81	0.46	-0.59	0.8	-1.16
EBT Excluding Unusual Items	1,247	993.25	791.38	536.52	602.68
Gain (Loss) on Sale of Investments	-	23.69	18.61	2.31	-
Gain (Loss) on Sale of Assets	-	-0.11	0.11	-1.63	-0.02
Other Unusual Items	-	19.05	16.72	13.81	10.87
Pretax Income	1,247	1,036	826.81	551.01	613.52
Income Tax Expense	138.15	103.91	73.29	58.92	64.59
Earnings From Continuing Operations	1,109	931.98	753.52	492.1	548.93
Minority Interest in Earnings	-	-49.27	-24.61	-12.58	1.27
Net Income	1,109	882.71	728.91	479.52	550.2
Net Income to Common	1,109	882.71	728.91	479.52	550.2
Net Income Growth	25.59%	21.10%	52.01%	-12.85%	48.46%
Shares Outstanding (Basic)	289	287	287	284	275
Shares Outstanding (Diluted)	289	289	288	285	277
Shares Change (YoY)	-0.02%	0.16%	1.22%	3.00%	0.61%
EPS (Basic)	3.84	3.07	2.54	1.69	2.00
EPS (Diluted)	3.84	3.06	2.53	1.68	1.99
EPS Growth	25.61%	20.90%	50.18%	-15.38%	47.57%
Free Cash Flow	-	839.23	709.42	522.53	335.28
Free Cash Flow Per Share	-	2.91	2.46	1.83	1.21
Dividend Per Share	-	2.056	1.281	0.577	0.674
Dividend Growth	-	60.53%	122.13%	-14.49%	43.42%
Gross Margin	100.00%	79.93%	79.99%	78.19%	79.96%
Operating Margin	56.82%	54.36%	50.59%	52.40%	58.94%
Profit Margin	50.49%	50.86%	51.80%	53.37%	60.23%
Free Cash Flow Margin	-	48.36%	50.42%	58.16%	36.70%
EBITDA	1,276	972.27	732.34	481.66	543.32
EBITDA Margin	58.13%	56.02%	52.05%	53.61%	59.48%
D&A For EBITDA	28.94	28.94	20.48	10.86	4.98
EBIT	1,248	943.33	711.87	470.8	538.34
EBIT Margin	56.82%	54.36%	50.59%	52.40%	58.94%
Effective Tax Rate	11.08%	10.03%	8.86%	10.69%	10.53%
Revenue as Reported	-	1,735	1,407	898.49	-
Advertising Expenses	-	4.35	3.66	1.81	2.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.