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	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	623.69	617.78	500.26	369.91	295.07	251.8
Other Revenue	2.29	2.37	1.61	0.73	0.1	0.02
Revenue	625.98	620.15	501.88	370.64	295.17	251.82
Revenue Growth	11.94%	23.57%	35.41%	25.57%	17.21%	38.42%
Cost of Revenue	67.32	67.09	58.52	37.64	31.36	29.61
Gross Profit	558.65	553.06	443.35	333	263.81	222.21
Selling, General & Admin	221.35	202.29	154.92	131.97	123.77	131.16
Research & Development	164.06	155.33	151.44	98.81	55.15	58.9
Other Operating Expenses	21.24	6.69	2.73	1.25	1.62	1.17
Operating Expenses	410.31	366.46	311.49	233.5	181.64	192.04
Operating Income	148.34	186.6	131.86	99.5	82.17	30.17
Interest Expense	-2.24	-1.44	-0.46	-0.41	-0.08	-0.12
Interest & Investment Income	9.24	10.62	17.32	17.66	22.53	16.49
Currency Exchange Gain (Loss)	-2.58	-1.07	0.05	-0.26	0	-
Other Non Operating Income (Expenses)	3.91	-0.59	-0.16	-0.06	-0.68	-0.05
EBT Excluding Unusual Items	156.68	194.11	148.62	116.43	103.94	46.5
Gain (Loss) on Sale of Investments	0.89	0.83	0.74	1	0.89	0.97
Gain (Loss) on Sale of Assets	-0.07	-0	-0.05	0.05	-0.01	-0.02
Other Unusual Items	17.22	11.19	1.48	2.54	1.32	2.31
Pretax Income	174.72	206.13	150.79	120.02	106.14	49.76
Income Tax Expense	18.25	26.45	18.64	10.61	11.74	-1.51
Earnings From Continuing Operations	156.47	179.68	132.14	109.41	94.39	51.26
Minority Interest in Earnings	9.58	13.89	14.19	5.8	0.73	-0.06
Net Income	166.06	193.57	146.33	115.21	95.13	51.2
Net Income to Common	166.06	193.57	146.33	115.21	95.13	51.2
Net Income Growth	-9.03%	32.28%	27.02%	21.11%	85.80%	-9.42%
Shares Outstanding (Basic)	137	137	137	136	136	135
Shares Outstanding (Diluted)	137	137	137	137	136	135
Shares Change	-0.39%	0.39%	-0.29%	0.92%	0.86%	0.44%
EPS (Basic)	1.21	1.41	1.07	0.85	0.70	0.38
EPS (Diluted)	1.21	1.41	1.07	0.84	0.70	0.38
EPS Growth	-8.67%	31.78%	27.38%	20.00%	84.21%	-9.82%

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	12.83	61.6	-27.02	12.53	24.01	4.27
Free Cash Flow Per Share	0.09	0.45	-0.20	0.09	0.18	0.03
Dividend Per Share	0.800	0.800	0.800	0.800	0.500	0.357
Dividend Growth	0%	0%	0%	60.00%	40.02%	149.90%
Gross Margin	89.24%	89.18%	88.34%	89.84%	89.38%	88.24%
Operating Margin	23.70%	30.09%	26.27%	26.85%	27.84%	11.98%
Profit Margin	26.53%	31.21%	29.16%	31.08%	32.23%	20.33%
Free Cash Flow Margin	2.05%	9.93%	-5.38%	3.38%	8.14%	1.70%
EBITDA	188.16	224.73	151.61	110.7	87.78	36.19
EBITDA Margin	30.06%	36.24%	30.21%	29.87%	29.74%	14.37%
D&A For EBITDA	39.82	38.14	19.75	11.19	5.61	6.02
EBIT	148.34	186.6	131.86	99.5	82.17	30.17
EBIT Margin	23.70%	30.09%	26.27%	26.85%	27.84%	11.98%
Effective Tax Rate	10.45%	12.83%	12.36%	8.84%	11.06%	-
Revenue as Reported	625.98	620.15	501.88	370.64	295.17	251.82
Advertising Expenses	-	6.66	2.01	0.37	1.12	1.22