SHA:688248 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,683	3,011	2,529	1,774	1,318
Other Revenue	1.39	2.54	8.65	16.04	67.22
Revenue	3,685	3,014	2,537	1,790	1,385
Revenue Growth (YoY)	22.27%	18.77%	41.77%	29.20%	24.29%
Cost of Revenue	2,598	2,084	1,818	1,259	976.69
Gross Profit	1,086	929.35	719.77	530.77	408.51
Selling, General & Admin	354.6	321.89	264.17	206.53	168.37
Research & Development	278.8	222.73	162.59	121.26	93.95
Other Operating Expenses	16.14	12.38	9.84	8.23	5.73
Operating Expenses	664.29	566.22	453.54	349.27	278.47
Operating Income	422.13	363.14	266.23	181.5	130.04
Interest Expense	-3.15	-3.26	-2.65	-1.18	-1.07
Interest & Investment Income	41.74	43.11	39.21	36.31	22.78
Currency Exchange Gain (Loss)	-0	-	0.05	0.05	-0.25
Other Non Operating Income (Expenses)	-0.77	-4.35	-0.96	-0.71	-0.29
EBT Excluding Unusual Items	459.96	398.64	301.88	215.98	151.21
Gain (Loss) on Sale of Investments	0.55	0.57	-	-0.08	-
Gain (Loss) on Sale of Assets	-1.31	-1.03	-1.03	-	-
Other Unusual Items	9.78	12.17	13.13	5.03	6.38
Pretax Income	468.97	410.35	313.98	220.93	157.59
Income Tax Expense	40.71	39.81	30.16	15.19	14.56
Earnings From Continuing Operations	428.26	370.54	283.83	205.74	143.04
Minority Interest in Earnings	-7.42	-5.5	-2.56	-	-
Net Income	420.84	365.05	281.27	205.74	143.04
Net Income to Common	420.84	365.05	281.27	205.74	143.04
Net Income Growth	15.28%	29.79%	36.71%	43.84%	64.25%
Shares Outstanding (Basic)	561	562	563	572	477
Shares Outstanding (Diluted)	561	562	563	572	477
Shares Change (YoY)	-0.09%	-0.16%	-1.57%	19.86%	42.35%
EPS (Basic)	0.75	0.65	0.50	0.36	0.30
EPS (Diluted)	0.75	0.65	0.50	0.36	0.30
EPS Growth	15.38%	30.00%	38.89%	20.00%	15.38%
Free Cash Flow	354.76	187.72	398.33	219.29	-42.47
Free Cash Flow Per Share	0.63	0.33	0.71	0.38	-0.09
Dividend Per Share	0.212	0.270	0.175	0.125	0.085
Dividend Growth	-21.48%	54.29%	40.00%	47.06%	-
Gross Margin	29.48%	30.84%	28.37%	29.66%	29.49%
Operating Margin	11.46%	12.05%	10.49%	10.14%	9.39%
Profit Margin	11.42%	12.11%	11.09%	11.50%	10.33%
Free Cash Flow Margin	9.63%	6.23%	15.70%	12.25%	-3.07%
EBITDA	498.05	434.52	318.05	211.18	156.67
EBITDA Margin	13.52%	14.42%	12.53%	11.80%	11.31%
D&A For EBITDA	75.91	71.39	51.82	29.68	26.63
EBIT	422.13	363.14	266.23	181.5	130.04
EBIT Margin	11.46%	12.05%	10.49%	10.14%	9.39%
Effective Tax Rate	8.68%	9.70%	9.60%	6.88%	9.24%
Revenue as Reported	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.