SHA:688248 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2019
Operating Revenue	3,000	3,011	2,529	1,774	1,318	1,064	Upgrade
Other Revenue	2.54	2.54	8.65	16.04	67.22	50.8	Upgrade
Revenue	3,003	3,014	2,537	1,790	1,385	1,115	Upgrade
Revenue Growth (YoY)	-0.31%	18.77%	41.77%	29.20%	24.29%	91.43%	Upgrade
Cost of Revenue	2,009	2,084	1,818	1,259	976.69	816.25	Upgrade
Gross Profit	993.82	929.35	719.77	530.77	408.51	298.29	Upgrade
Selling, General & Admin	334.67	321.89	264.17	206.53	168.37	127.04	Upgrade
Research & Development	233.74	222.73	162.59	121.26	93.95	69.7	Upgrade
Other Operating Expenses	19.3	12.02	9.28	8.23	5.73	3.69	Upgrade
Operating Expenses	605.09	565.85	452.98	349.27	278.47	198.43	Upgrade
Operating Income	388.73	363.5	266.79	181.5	130.04	99.85	Upgrade
Interest Expense	-2.78	-3.26	-2.65	-1.18	-1.07	-0.07	Upgrade
Interest & Investment Income	26.08	43.11	39.21	36.31	22.78	3.96	Upgrade
Earnings From Equity Investments	-	-	-	-	-	0.39	Upgrade
Currency Exchange Gain (Loss)	-	-	0.05	0.05	-0.25	-0.02	Upgrade
Other Non Operating Income (Expenses)	-5.3	-4.35	-0.96	-0.71	-0.29	-0.02	Upgrade
EBT Excluding Unusual Items	406.74	399	302.45	215.98	151.21	104.09	Upgrade
Gain (Loss) on Sale of Investments	-1.05	0.57	-	-0.08	-	-	Upgrade
Gain (Loss) on Sale of Assets	-1.5	-1.03	-1.03	-	-	-	Upgrade
Asset Writedown	-1.98	-	-	-	-	-	Upgrade
Other Unusual Items	15.55	11.81	12.56	5.03	6.38	-6.46	Upgrade
Pretax Income	417.75	410.35	313.98	220.93	157.59	97.63	Upgrade
Income Tax Expense	39.25	39.81	30.16	15.19	14.56	10.54	Upgrade
Earnings From Continuing Operations	378.49	370.54	283.83	205.74	143.04	87.09	Upgrade
Minority Interest in Earnings	-6.4	-5.5	-2.56	-	-	-	Upgrade
Net Income	372.09	365.05	281.27	205.74	143.04	87.09	Upgrade
Net Income to Common	372.09	365.05	281.27	205.74	143.04	87.09	Upgrade
Net Income Growth	-7.23%	29.79%	36.71%	43.84%	64.25%	100.23%	Upgrade
Shares Outstanding (Basic)	564	562	563	572	477	335	Upgrade
Shares Outstanding (Diluted)	564	562	563	572	477	335	Upgrade
Shares Change (YoY)	1.79%	-0.16%	-1.57%	19.86%	42.35%	-	Upgrade
EPS (Basic)	0.66	0.65	0.50	0.36	0.30	0.26	Upgrade
EPS (Diluted)	0.66	0.65	0.50	0.36	0.30	0.26	Upgrade
EPS Growth	-8.86%	30.00%	38.89%	20.00%	15.38%	-	Upgrade
Free Cash Flow	139.87	187.72	398.33	219.29	-42.47	98.3	Upgrade
Free Cash Flow Per Share	0.25	0.33	0.71	0.38	-0.09	0.29	Upgrade
Dividend Per Share	0.265	0.270	0.175	0.125	0.085	-	Upgrade
Dividend Growth	-14.52%	54.29%	40.00%	47.06%	-	-	Upgrade
Gross Margin	33.10%	30.84%	28.37%	29.66%	29.49%	26.76%	Upgrade
Operating Margin	12.95%	12.06%	10.51%	10.14%	9.39%	8.96%	Upgrade
Profit Margin	12.39%	12.11%	11.09%	11.50%	10.33%	7.81%	Upgrade
Free Cash Flow Margin	4.66%	6.23%	15.70%	12.25%	-3.07%	8.82%	Upgrade
EBITDA	458.46	425.55	318.61	211.18	156.67	125.01	Upgrade
EBITDA Margin	15.27%	14.12%	12.56%	11.80%	11.31%	11.22%	Upgrade
D&A For EBITDA	69.73	62.05	51.82	29.68	26.63	25.15	Upgrade
EBIT	388.73	363.5	266.79	181.5	130.04	99.85	Upgrade
EBIT Margin	12.95%	12.06%	10.51%	10.14%	9.39%	8.96%	Upgrade
Effective Tax Rate	9.40%	9.70%	9.60%	6.88%	9.24%	10.80%	Upgrade
Revenue as Reported	3,003	3,014	2,537	1,790	1,385	1,115	Upgrade
Advertising Expenses	-	8.98	7.11	7.71	6.88	2.33	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.