SHA:688198 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	663.57	620.15	500.26	369.91	295.07	251.8
Other Revenue	-	-	1.61	0.73	0.1	0.02
Revenue	663.57	620.15	501.88	370.64	295.17	251.82
Revenue Growth (YoY)	26.21%	23.57%	35.41%	25.57%	17.21%	38.42%
Cost of Revenue	69.78	67.09	58.52	37.64	31.36	29.61
Gross Profit	593.79	553.06	443.35	333	263.81	222.21
Selling, General & Admin	218.96	202.29	154.92	131.97	123.77	131.16
Research & Development	150.46	155.33	151.44	98.81	55.15	58.9
Other Operating Expenses	3.02	-10.36	3.46	1.25	1.62	1.17
Operating Expenses	372.44	347.26	312.22	233.5	181.64	192.04
Operating Income	221.35	205.8	131.14	99.5	82.17	30.17
Interest Expense	-	-	-0.46	-0.41	-0.08	-0.12
Interest & Investment Income	7.27	7.85	17.32	17.66	22.53	16.49
Currency Exchange Gain (Loss)	-	-	0.05	-0.26	0	-
Other Non Operating Income (Expenses)	-8.37	-8.35	-0.16	-0.06	-0.68	-0.05
EBT Excluding Unusual Items	220.25	205.3	147.89	116.43	103.94	46.5
Gain (Loss) on Sale of Investments	0.72	0.83	0.74	1	0.89	0.97
Gain (Loss) on Sale of Assets	0.01	0	-0.05	0.05	-0.01	-0.02
Other Unusual Items	-	-	2.2	2.54	1.32	2.31
Pretax Income	220.98	206.13	150.79	120.02	106.14	49.76
Income Tax Expense	28.1	26.45	18.64	10.61	11.74	-1.51
Earnings From Continuing Operations	192.88	179.68	132.14	109.41	94.39	51.26
Minority Interest in Earnings	9.56	13.89	14.19	5.8	0.73	-0.06
Net Income	202.44	193.57	146.33	115.21	95.13	51.2
Net Income to Common	202.44	193.57	146.33	115.21	95.13	51.2
Net Income Growth	18.72%	32.28%	27.02%	21.11%	85.80%	-9.42%
Shares Outstanding (Basic)	138	137	137	136	136	135
Shares Outstanding (Diluted)	138	137	137	137	136	135
Shares Change (YoY)	1.44%	0.39%	-0.29%	0.92%	0.86%	0.44%
EPS (Basic)	1.47	1.41	1.07	0.85	0.70	0.38
EPS (Diluted)	1.47	1.41	1.07	0.84	0.70	0.38
EPS Growth	17.04%	31.78%	27.38%	20.00%	84.21%	-9.82%
Free Cash Flow	55.26	61.6	-27.02	12.53	24.01	4.27
Free Cash Flow Per Share	0.40	0.45	-0.20	0.09	0.18	0.03
Dividend Per Share	-	-	0.800	0.800	0.500	0.357
Dividend Growth	-	-	-	60.00%	40.02%	149.90%
Gross Margin	89.48%	89.18%	88.34%	89.84%	89.38%	88.24%
Operating Margin	33.36%	33.19%	26.13%	26.85%	27.84%	11.98%
Profit Margin	30.51%	31.21%	29.16%	31.08%	32.23%	20.33%
Free Cash Flow Margin	8.33%	9.93%	-5.38%	3.38%	8.14%	1.70%
EBITDA	264.19	243.94	150.45	110.7	87.78	36.19
EBITDA Margin	39.81%	39.34%	29.98%	29.87%	29.74%	14.37%
D&A For EBITDA	42.84	38.14	19.31	11.19	5.61	6.02
EBIT	221.35	205.8	131.14	99.5	82.17	30.17
EBIT Margin	33.36%	33.19%	26.13%	26.85%	27.84%	11.98%
Effective Tax Rate	12.72%	12.83%	12.36%	8.84%	11.06%	-
Revenue as Reported	-	-	501.88	370.64	295.17	251.82
Advertising Expenses	-	-	2.01	0.37	1.12	1.22

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