SHA:688188 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	2,037	1,718	1,396	881.41	911.3	570.14
Other Revenue	17.58	17.58	11.22	17.09	2.14	0.69
Revenue	2,054	1,735	1,407	898.49	913.44	570.83
Revenue Growth (YoY)	19.68%	23.33%	56.61%	-1.64%	60.02%	51.79%
Cost of Revenue	454.74	348.24	281.61	196.01	183.03	114.96
Gross Profit	1,600	1,387	1,126	702.49	730.41	455.87
Selling, General & Admin	268.52	222.75	184.59	115.27	100	65.18
Research & Development	304.97	281.04	261.46	143.55	138.14	82.07
Other Operating Expenses	-74.6	-62.13	-34.6	-27.58	-45.73	-22.61
Operating Expenses	503.38	443.89	413.64	231.69	192.07	125.54
Operating Income	1,096	943.33	711.87	470.8	538.34	330.33
Interest Expense	-0.31	-0.2	-0.24	-0.29	-0.31	-
Interest & Investment Income	52.52	49.26	80.19	65.16	65.81	62.97
Currency Exchange Gain (Loss)	0.41	0.41	0.14	0.06	-0	-0
Other Non Operating Income (Expenses)	1.07	0.46	-0.59	0.8	-1.16	-0.31
EBT Excluding Unusual Items	1,150	993.25	791.38	536.52	602.68	392.99
Gain (Loss) on Sale of Investments	38.98	23.69	18.61	2.31	-	-
Gain (Loss) on Sale of Assets	-0.29	-0.11	0.11	-1.63	-0.02	-0.04
Other Unusual Items	18.18	19.05	16.72	13.81	10.87	15.77
Pretax Income	1,207	1,036	826.81	551.01	613.52	408.72
Income Tax Expense	121.41	103.91	73.29	58.92	64.59	39.11
Earnings From Continuing Operations	1,085	931.98	753.52	492.1	548.93	369.61
Minority Interest in Earnings	-24.01	-49.27	-24.61	-12.58	1.27	0.98
Net Income	1,061	882.71	728.91	479.52	550.2	370.59
Net Income to Common	1,061	882.71	728.91	479.52	550.2	370.59
Net Income Growth	20.26%	21.10%	52.01%	-12.85%	48.46%	50.46%
Shares Outstanding (Basic)	287	287	287	284	275	274
Shares Outstanding (Diluted)	290	289	288	285	277	275
Shares Change (YoY)	0.68%	0.16%	1.22%	3.00%	0.61%	20.36%
EPS (Basic)	3.69	3.07	2.54	1.69	2.00	1.35
EPS (Diluted)	3.66	3.06	2.53	1.68	1.99	1.35
EPS Growth	19.44%	20.90%	50.18%	-15.38%	47.57%	25.00%
Free Cash Flow	1,041	839.23	709.42	522.53	335.28	317.56
Free Cash Flow Per Share	3.59	2.91	2.46	1.83	1.21	1.16
Dividend Per Share	2.209	2.056	1.281	0.577	0.674	0.470
Dividend Growth	23.16%	60.53%	122.13%	-14.49%	43.42%	74.30%
Gross Margin	77.86%	79.93%	79.99%	78.19%	79.96%	79.86%
Operating Margin	53.36%	54.36%	50.59%	52.40%	58.94%	57.87%
Profit Margin	51.66%	50.86%	51.80%	53.37%	60.23%	64.92%
Free Cash Flow Margin	50.66%	48.36%	50.42%	58.16%	36.70%	55.63%
EBITDA	1,131	972.27	732.34	481.66	543.32	334.29
EBITDA Margin	55.08%	56.02%	52.05%	53.61%	59.48%	58.56%
D&A For EBITDA	35.29	28.94	20.48	10.86	4.98	3.95
EBIT	1,096	943.33	711.87	470.8	538.34	330.33
EBIT Margin	53.36%	54.36%	50.59%	52.40%	58.94%	57.87%
Effective Tax Rate	10.06%	10.03%	8.86%	10.69%	10.53%	9.57%
Revenue as Reported	2,054	1,735	1,407	898.49	-	570.83
Advertising Expenses	-	4.35	3.66	1.81	2.48	2.26

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.