SHA:688188 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	2,334	2,167	1,718	1,396	881.41	911.3
Other Revenue	36.56	28.99	17.58	11.22	17.09	2.14
Revenue	2,370	2,196	1,735	1,407	898.49	913.44
Revenue Growth	21.23%	26.52%	23.33%	56.61%	-1.64%	60.02%
Cost of Revenue	590.18	490.54	348.24	281.61	196.01	183.03
Gross Profit	1,780	1,705	1,387	1,126	702.49	730.41
Selling, General & Admin	307.8	292.52	222.75	184.59	115.27	100
Research & Development	355.45	341.33	281.04	261.46	143.55	138.14
Other Operating Expenses	-61.19	-69.75	-62.13	-34.6	-27.58	-45.73
Operating Expenses	607.83	567.98	443.89	413.64	231.69	192.07
Operating Income	1,172	1,137	943.33	711.87	470.8	538.34
Interest Expense	-0.2	-0.33	-0.2	-0.24	-0.29	-0.31
Interest & Investment Income	121.7	56.04	49.26	80.19	65.16	65.81
Currency Exchange Gain (Loss)	-1.47	-0.49	0.41	0.14	0.06	-0
Other Non Operating Income (Expenses)	-0.63	-0.26	0.46	-0.59	0.8	-1.16
EBT Excluding Unusual Items	1,292	1,192	993.25	791.38	536.52	602.68
Gain (Loss) on Sale of Investments	45.75	27.38	23.69	18.61	2.31	-
Gain (Loss) on Sale of Assets	-0.18	-0.35	-0.11	0.11	-1.63	-0.02
Other Unusual Items	56.11	25.21	19.05	16.72	13.81	10.87
Pretax Income	1,393	1,244	1,036	826.81	551.01	613.52
Income Tax Expense	126.94	113.68	103.91	73.29	58.92	64.59
Earnings From Continuing Operations	1,267	1,131	931.98	753.52	492.1	548.93
Minority Interest in Earnings	-6.96	-18.08	-49.27	-24.61	-12.58	1.27
Net Income	1,260	1,113	882.71	728.91	479.52	550.2
Net Income to Common	1,260	1,113	882.71	728.91	479.52	550.2
Net Income Growth	22.09%	26.04%	21.10%	52.01%	-12.85%	48.46%
Shares Outstanding (Basic)	405	404	403	401	398	385
Shares Outstanding (Diluted)	406	406	404	404	399	387
Shares Change	0.43%	0.43%	0.07%	1.21%	3.00%	0.60%
EPS (Basic)	3.11	2.76	2.19	1.82	1.21	1.43
EPS (Diluted)	3.10	2.74	2.19	1.81	1.20	1.42
EPS Growth	21.57%	25.49%	21.02%	50.18%	-15.39%	47.58%

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	1,023	1,069	839.23	709.42	522.53	335.28
Free Cash Flow Per Share	2.52	2.64	2.08	1.76	1.31	0.87
Dividend Per Share	1.959	1.853	1.468	0.915	0.412	0.482
Dividend Growth	24.17%	26.19%	60.53%	122.12%	-14.49%	43.42%
Gross Margin	75.10%	77.66%	79.93%	79.99%	78.19%	79.96%
Operating Margin	49.46%	51.79%	54.36%	50.59%	52.40%	58.94%
Profit Margin	53.14%	50.67%	50.86%	51.80%	53.37%	60.23%
Free Cash Flow Margin	43.17%	48.69%	48.36%	50.42%	58.16%	36.70%
EBITDA	1,209	1,172	973.17	732.34	481.66	543.32
EBITDA Margin	51.02%	53.39%	56.08%	52.05%	53.61%	59.48%
D&A For EBITDA	36.98	35.09	29.84	20.48	10.86	4.98
EBIT	1,172	1,137	943.33	711.87	470.8	538.34
EBIT Margin	49.46%	51.79%	54.36%	50.59%	52.40%	58.94%
Effective Tax Rate	9.11%	9.14%	10.03%	8.86%	10.69%	10.53%
Revenue as Reported	2,370	2,196	1,735	1,407	898.49	-
Advertising Expenses	-	7.19	4.35	3.66	1.81	2.48