SHA:688248 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	3,619	3,683	3,011	2,529	1,774	1,318
Other Revenue	1.39	1.39	2.54	8.65	16.04	67.22
Revenue	3,620	3,685	3,014	2,537	1,790	1,385
Revenue Growth (YoY)	19.96%	22.27%	18.77%	41.77%	29.20%	24.29%
Cost of Revenue	2,528	2,598	2,084	1,818	1,259	976.69
Gross Profit	1,092	1,086	929.35	719.77	530.77	408.51
Selling, General & Admin	363.27	354.6	321.89	264.17	206.53	168.37
Research & Development	286.64	278.8	222.73	162.59	121.26	93.95
Other Operating Expenses	17.58	16.14	12.38	9.84	8.23	5.73
Operating Expenses	682.23	664.29	566.22	453.54	349.27	278.47
Operating Income	410.2	422.13	363.14	266.23	181.5	130.04
Interest Expense	-3.15	-3.15	-3.26	-2.65	-1.18	-1.07
Interest & Investment Income	48.79	41.74	43.11	39.21	36.31	22.78
Currency Exchange Gain (Loss)	-0	-0	-	0.05	0.05	-0.25
Other Non Operating Income (Expenses)	-6.31	-0.77	-4.35	-0.96	-0.71	-0.29
EBT Excluding Unusual Items	449.53	459.96	398.64	301.88	215.98	151.21
Gain (Loss) on Sale of Investments	-0.11	0.55	0.57	-	-0.08	-
Gain (Loss) on Sale of Assets	-1.31	-1.31	-1.03	-1.03	-	-
Asset Writedown	2.62	-	-	-	-	-
Other Unusual Items	9.78	9.78	12.17	13.13	5.03	6.38
Pretax Income	460.5	468.97	410.35	313.98	220.93	157.59
Income Tax Expense	39.98	40.71	39.81	30.16	15.19	14.56
Earnings From Continuing Operations	420.52	428.26	370.54	283.83	205.74	143.04
Minority Interest in Earnings	-7.3	-7.42	-5.5	-2.56	-	-
Net Income	413.22	420.84	365.05	281.27	205.74	143.04
Net Income to Common	413.22	420.84	365.05	281.27	205.74	143.04
Net Income Growth	8.74%	15.28%	29.79%	36.71%	43.84%	64.25%
Shares Outstanding (Basic)	556	561	562	563	572	477
Shares Outstanding (Diluted)	556	561	562	563	572	477
Shares Change (YoY)	0.31%	-0.09%	-0.16%	-1.57%	19.86%	42.35%
EPS (Basic)	0.74	0.75	0.65	0.50	0.36	0.30
EPS (Diluted)	0.74	0.75	0.65	0.50	0.36	0.30
EPS Growth	8.40%	15.38%	30.00%	38.89%	20.00%	15.38%
Free Cash Flow	499.19	354.76	187.72	398.33	219.29	-42.47
Free Cash Flow Per Share	0.90	0.63	0.33	0.71	0.38	-0.09
Dividend Per Share	0.212	0.212	0.270	0.175	0.125	0.085
Dividend Growth	-21.48%	-21.48%	54.29%	40.00%	47.06%	-
Gross Margin	30.18%	29.48%	30.84%	28.37%	29.66%	29.49%
Operating Margin	11.33%	11.46%	12.05%	10.49%	10.14%	9.39%
Profit Margin	11.41%	11.42%	12.11%	11.09%	11.50%	10.33%
Free Cash Flow Margin	13.79%	9.63%	6.23%	15.70%	12.25%	-3.07%
EBITDA	487.25	498.05	434.52	318.05	211.18	156.67
EBITDA Margin	13.46%	13.52%	14.42%	12.53%	11.80%	11.31%
D&A For EBITDA	77.05	75.91	71.39	51.82	29.68	26.63
EBIT	410.2	422.13	363.14	266.23	181.5	130.04
EBIT Margin	11.33%	11.46%	12.05%	10.49%	10.14%	9.39%
Effective Tax Rate	8.68%	8.68%	9.70%	9.60%	6.88%	9.24%
Revenue as Reported	3,685	3,685	3,014	2,537	1,790	1,385
Advertising Expenses	-	14.32	8.98	7.11	7.71	6.88

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