SHA:688279 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	773.1	599.29	409.98	320.88	329.39
Other Revenue	0.8	1.03	1.38	2.09	1.01
Revenue	773.9	600.32	411.36	322.97	330.4
Revenue Growth (YoY)	28.91%	45.94%	27.37%	-2.25%	41.23%
Cost of Revenue	373.16	284.3	192.68	137.77	141.45
Gross Profit	400.75	316.02	218.68	185.2	188.95
Selling, General & Admin	93.33	55.97	42.72	34.22	23.54
Research & Development	169.15	116.73	84.67	63.84	41.01
Other Operating Expenses	-17.75	-12.54	-6.34	-14.11	-1.12
Operating Expenses	244.94	160.16	121.19	83.91	63.48
Operating Income	155.81	155.86	97.5	101.29	125.47
Interest Expense	-0.54	-0.28	-	-	-
Interest & Investment Income	55.55	50.52	59.43	32.93	8.04
Currency Exchange Gain (Loss)	-1.57	-0.78	-0.35	2.37	-0.88
Other Non Operating Income (Expenses)	-0.28	-0.34	-0.61	-0.14	0.05
EBT Excluding Unusual Items	208.97	204.98	155.97	136.44	132.68
Gain (Loss) on Sale of Investments	8.01	6.86	-1.36	6.42	-
Gain (Loss) on Sale of Assets	-	0.07	0.01	0.06	0.01
Asset Writedown	-0	-0	-0	-	-
Other Unusual Items	8.7	9.13	15.76	0.22	3.27
Pretax Income	225.68	221.04	170.38	143.14	135.96
Income Tax Expense	6.74	-1.33	-4.47	1.14	0.69
Net Income	218.94	222.36	174.85	142	135.27
Net Income to Common	218.94	222.36	174.85	142	135.27
Net Income Growth	-1.54%	27.18%	23.13%	4.98%	72.64%
Shares Outstanding (Basic)	101	92	93	85	69
Shares Outstanding (Diluted)	102	93	93	85	69
Shares Change (YoY)	9.91%	0.15%	9.45%	21.85%	0.93%
EPS (Basic)	2.16	2.41	1.89	1.68	1.95
EPS (Diluted)	2.15	2.40	1.89	1.68	1.95
EPS Growth	-10.42%	26.98%	12.50%	-13.85%	71.05%
Free Cash Flow	-13.51	31.55	86.01	18.75	128.93
Free Cash Flow Per Share	-0.13	0.34	0.93	0.22	1.86
Dividend Per Share	0.780	0.780	0.610	0.480	0.440
Dividend Growth	-	27.87%	27.08%	9.09%	-
Gross Margin	51.78%	52.64%	53.16%	57.34%	57.19%
Operating Margin	20.13%	25.96%	23.70%	31.36%	37.98%
Profit Margin	28.29%	37.04%	42.50%	43.97%	40.94%
Free Cash Flow Margin	-1.75%	5.25%	20.91%	5.81%	39.02%
EBITDA	164.52	163.59	102.27	103.71	126.98
EBITDA Margin	21.26%	27.25%	24.86%	32.11%	38.43%
D&A For EBITDA	8.71	7.73	4.77	2.42	1.51
EBIT	155.81	155.86	97.5	101.29	125.47
EBIT Margin	20.13%	25.96%	23.70%	31.36%	37.98%
Effective Tax Rate	2.99%	-	-	0.80%	0.51%
Revenue as Reported	773.9	600.32	411.36	322.97	330.4
Advertising Expenses	0.06	0.14	0.26	0.29	0.61

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