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	2,167	1,718	1,396	881.41	911.3
Other Revenue	28.99	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	490.54	348.24	281.61	196.01	183.03
Gross Profit	1,705	1,387	1,126	702.49	730.41
Selling, General & Admin	292.52	222.75	184.59	115.27	100
Research & Development	341.33	281.04	261.46	143.55	138.14
Other Operating Expenses	-69.75	-62.13	-34.6	-27.58	-45.73
Operating Expenses	567.98	443.89	413.64	231.69	192.07
Operating Income	1,137	943.33	711.87	470.8	538.34
Interest Expense	-0.33	-0.2	-0.24	-0.29	-0.31
Interest & Investment Income	56.04	49.26	80.19	65.16	65.81
Currency Exchange Gain (Loss)	-0.49	0.41	0.14	0.06	-0
Other Non Operating Income (Expenses)	-0.26	0.46	-0.59	0.8	-1.16
EBT Excluding Unusual Items	1,192	993.25	791.38	536.52	602.68
Gain (Loss) on Sale of Investments	27.38	23.69	18.61	2.31	-
Gain (Loss) on Sale of Assets	-0.35	-0.11	0.11	-1.63	-0.02
Other Unusual Items	25.21	19.05	16.72	13.81	10.87
Pretax Income	1,244	1,036	826.81	551.01	613.52
Income Tax Expense	113.68	103.91	73.29	58.92	64.59
Earnings From Continuing Operations	1,131	931.98	753.52	492.1	548.93
Minority Interest in Earnings	-18.08	-49.27	-24.61	-12.58	1.27
Net Income	1,113	882.71	728.91	479.52	550.2
Net Income to Common	1,113	882.71	728.91	479.52	550.2
Net Income Growth	26.04%	21.10%	52.01%	-12.85%	48.46%
Shares Outstanding (Basic)	288	288	287	284	275
Shares Outstanding (Diluted)	290	288	288	285	277
Shares Change (YoY)	0.44%	0.07%	1.22%	3.00%	0.61%
EPS (Basic)	3.86	3.07	2.54	1.69	2.00
EPS (Diluted)	3.84	3.06	2.53	1.68	1.99
EPS Growth	25.49%	21.02%	50.18%	-15.38%	47.57%
Free Cash Flow	1,069	839.23	709.42	522.53	335.28
Free Cash Flow Per Share	3.69	2.91	2.46	1.83	1.21
Dividend Per Share	2.594	2.056	1.281	0.577	0.674
Dividend Growth	26.19%	60.53%	122.13%	-14.49%	43.42%
Gross Margin	77.66%	79.93%	79.99%	78.19%	79.96%
Operating Margin	51.79%	54.36%	50.59%	52.40%	58.94%
Profit Margin	50.67%	50.86%	51.80%	53.37%	60.23%
Free Cash Flow Margin	48.69%	48.36%	50.42%	58.16%	36.70%
EBITDA	1,172	973.17	732.34	481.66	543.32
EBITDA Margin	53.39%	56.08%	52.05%	53.61%	59.48%
D&A For EBITDA	35.09	29.84	20.48	10.86	4.98
EBIT	1,137	943.33	711.87	470.8	538.34
EBIT Margin	51.79%	54.36%	50.59%	52.40%	58.94%
Effective Tax Rate	9.14%	10.03%	8.86%	10.69%	10.53%
Revenue as Reported	2,196	1,735	1,407	898.49	-
Advertising Expenses	7.19	4.35	3.66	1.81	2.48

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