SHA:688208 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	4,979	4,773	3,885	3,216	2,229	2,224
Other Revenue	59.58	59.58	47.28	35.43	36.25	29.38
Revenue	5,038	4,833	3,932	3,251	2,266	2,254
Revenue Growth (YoY)	21.03%	22.90%	20.95%	43.50%	0.53%	42.84%
Cost of Revenue	2,229	2,134	1,850	1,549	1,004	960.35
Gross Profit	2,809	2,698	2,082	1,703	1,262	1,293
Selling, General & Admin	992.21	970.25	882.81	764.55	577.36	480.07
Research & Development	775.28	774.63	635.78	535.1	561.42	482.95
Other Operating Expenses	26.46	24.75	20.91	-24.6	-29.28	-59.86
Operating Expenses	1,827	1,803	1,563	1,293	1,129	914.78
Operating Income	981.89	895.37	518.94	409.8	132.61	378.59
Interest Expense	-74.63	-74.63	-69.5	-67.13	-41.99	-12.43
Interest & Investment Income	91.35	101.89	115.06	10.51	17.81	78.07
Currency Exchange Gain (Loss)	86.59	86.59	38.68	74.12	91.29	-64.07
Other Non Operating Income (Expenses)	-116.38	-23.82	-14	-13.71	-10.93	-8.19
EBT Excluding Unusual Items	968.82	985.4	589.17	413.6	188.79	371.97
Gain (Loss) on Sale of Investments	-0.79	-2.11	-8.08	-18.84	-17.59	-1.15
Gain (Loss) on Sale of Assets	0.23	-0.31	-4.83	-0.02	1	-0.19
Asset Writedown	-1.53	-7.45	-8.7	-	-	-
Legal Settlements	24.79	24.79	-	-24.79	-	-
Other Unusual Items	78.8	78.8	69.6	-202.99	16.23	12.67
Pretax Income	1,070	1,079	637.16	166.95	188.43	383.3
Income Tax Expense	182.55	188.64	76.83	27.22	106.82	-55.44
Earnings From Continuing Operations	887.77	890.48	560.34	139.72	81.61	438.74
Minority Interest in Earnings	43.26	45.39	80.59	39.51	20.42	-
Net Income	931.03	935.88	640.93	179.23	102.03	438.74
Net Income to Common	931.03	935.88	640.93	179.23	102.03	438.74
Net Income Growth	30.09%	46.02%	257.59%	75.66%	-76.74%	1.31%
Shares Outstanding (Basic)	661	659	661	668	661	674
Shares Outstanding (Diluted)	750	749	675	668	661	681
Shares Change (YoY)	11.16%	10.97%	1.07%	1.01%	-2.95%	3.42%
EPS (Basic)	1.41	1.42	0.97	0.27	0.15	0.65
EPS (Diluted)	1.24	1.25	0.95	0.27	0.15	0.64
EPS Growth	17.03%	31.58%	253.82%	73.90%	-76.04%	-2.04%
Free Cash Flow	464.53	463.57	597.02	218.27	-516.68	-345.89
Free Cash Flow Per Share	0.62	0.62	0.89	0.33	-0.78	-0.51
Dividend Per Share	1.080	1.080	0.604	0.269	-	0.067
Dividend Growth	78.81%	78.81%	124.95%	-	-	-80.01%
Gross Margin	55.76%	55.83%	52.95%	52.37%	55.69%	57.39%
Operating Margin	19.49%	18.53%	13.20%	12.61%	5.85%	16.80%
Profit Margin	18.48%	19.36%	16.30%	5.51%	4.50%	19.47%
Free Cash Flow Margin	9.22%	9.59%	15.18%	6.71%	-22.81%	-15.35%
EBITDA	1,086	1,012	684.93	546.02	222.49	427.32
EBITDA Margin	21.55%	20.93%	17.42%	16.79%	9.82%	18.96%
D&A For EBITDA	103.79	116.23	165.99	136.21	89.88	48.73
EBIT	981.89	895.37	518.94	409.8	132.61	378.59
EBIT Margin	19.49%	18.53%	13.20%	12.61%	5.85%	16.80%
Effective Tax Rate	17.06%	17.48%	12.06%	16.31%	56.69%	-
Revenue as Reported	4,833	4,833	3,932	3,251	2,266	2,254
Advertising Expenses	-	43.67	44.92	54.24	42.1	19.26

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