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	Sep '26 Sep 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	650.56	617.78	500.26	369.91	295.07	251.8
Other Revenue	2.37	2.37	1.61	0.73	0.1	0.02
Revenue	652.93	620.15	501.88	370.64	295.17	251.82
Revenue Growth	10.43%	23.57%	35.41%	25.57%	17.21%	38.42%
Cost of Revenue	70.36	67.09	58.52	37.64	31.36	29.61
Gross Profit	582.57	553.06	443.35	333	263.81	222.21
Selling, General & Admin	227.35	202.29	154.92	131.97	123.77	131.16
Research & Development	156.92	155.33	151.44	98.81	55.15	58.9
Other Operating Expenses	29.44	6.69	2.73	1.25	1.62	1.17
Operating Expenses	414.95	366.46	311.49	233.5	181.64	192.04
Operating Income	167.61	186.6	131.86	99.5	82.17	30.17
Interest Expense	-0.53	-1.44	-0.46	-0.41	-0.08	-0.12
Interest & Investment Income	6.62	10.62	17.32	17.66	22.53	16.49
Currency Exchange Gain (Loss)	-1.07	-1.07	0.05	-0.26	0	-
Other Non Operating Income (Expenses)	-2.04	-0.59	-0.16	-0.06	-0.68	-0.05
EBT Excluding Unusual Items	170.6	194.11	148.62	116.43	103.94	46.5
Gain (Loss) on Sale of Investments	0.64	0.83	0.74	1	0.89	0.97
Gain (Loss) on Sale of Assets	-0.06	-0	-0.05	0.05	-0.01	-0.02
Other Unusual Items	27.39	11.19	1.48	2.54	1.32	2.31
Pretax Income	198.57	206.13	150.79	120.02	106.14	49.76
Income Tax Expense	25.83	26.45	18.64	10.61	11.74	-1.51
Earnings From Continuing Operations	172.75	179.68	132.14	109.41	94.39	51.26
Minority Interest in Earnings	4.68	13.89	14.19	5.8	0.73	-0.06
Net Income	177.43	193.57	146.33	115.21	95.13	51.2
Net Income to Common	177.43	193.57	146.33	115.21	95.13	51.2
Net Income Growth	-1.61%	32.28%	27.02%	21.11%	85.80%	-9.42%
Shares Outstanding (Basic)	136	137	137	136	136	135
Shares Outstanding (Diluted)	136	137	137	137	136	135
Shares Change	-1.52%	0.39%	-0.29%	0.92%	0.86%	0.44%
EPS (Basic)	1.30	1.41	1.07	0.85	0.70	0.38
EPS (Diluted)	1.30	1.41	1.07	0.84	0.70	0.38
EPS Growth	-0.09%	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	Sep '26 Sep 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	13.41	61.6	-27.02	12.53	24.01	4.27
Free Cash Flow Per Share	0.10	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	89.22%	89.18%	88.34%	89.84%	89.38%	88.24%
Operating Margin	25.67%	30.09%	26.27%	26.85%	27.84%	11.98%
Profit Margin	27.17%	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	219.54	224.73	151.61	110.7	87.78	36.19
EBITDA Margin	33.62%	36.24%	30.21%	29.87%	29.74%	14.37%
D&A For EBITDA	51.93	38.14	19.75	11.19	5.61	6.02
EBIT	167.61	186.6	131.86	99.5	82.17	30.17
EBIT Margin	25.67%	30.09%	26.27%	26.85%	27.84%	11.98%
Effective Tax Rate	13.01%	12.83%	12.36%	8.84%	11.06%	-
Revenue as Reported	238.43	620.15	501.88	370.64	295.17	251.82
Advertising Expenses	-	6.66	2.01	0.37	1.12	1.22