SHA:688279 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	852.2	773.1	599.29	409.98	320.88	329.39
Other Revenue	0.8	0.8	1.03	1.38	2.09	1.01
Revenue	853	773.9	600.32	411.36	322.97	330.4
Revenue Growth (YoY)	30.16%	28.91%	45.94%	27.37%	-2.25%	41.23%
Cost of Revenue	412.43	373.16	284.3	192.68	137.77	141.45
Gross Profit	440.56	400.75	316.02	218.68	185.2	188.95
Selling, General & Admin	95.22	93.33	55.97	42.72	34.22	23.54
Research & Development	171.32	169.15	116.73	84.67	63.84	41.01
Other Operating Expenses	-15.88	-17.75	-12.54	-6.34	-14.11	-1.12
Operating Expenses	250.88	244.94	160.16	121.19	83.91	63.48
Operating Income	189.69	155.81	155.86	97.5	101.29	125.47
Interest Expense	-0.54	-0.54	-0.28	-	-	-
Interest & Investment Income	62.24	55.55	50.52	59.43	32.93	8.04
Currency Exchange Gain (Loss)	-1.57	-1.57	-0.78	-0.35	2.37	-0.88
Other Non Operating Income (Expenses)	-2.2	-0.28	-0.34	-0.61	-0.14	0.05
EBT Excluding Unusual Items	247.61	208.97	204.98	155.97	136.44	132.68
Gain (Loss) on Sale of Investments	6.68	8.01	6.86	-1.36	6.42	-
Gain (Loss) on Sale of Assets	-	-	0.07	0.01	0.06	0.01
Asset Writedown	0.21	-0	-0	-0	-	-
Other Unusual Items	8.7	8.7	9.13	15.76	0.22	3.27
Pretax Income	263.2	225.68	221.04	170.38	143.14	135.96
Income Tax Expense	6.41	6.74	-1.33	-4.47	1.14	0.69
Net Income	256.79	218.94	222.36	174.85	142	135.27
Net Income to Common	256.79	218.94	222.36	174.85	142	135.27
Net Income Growth	15.56%	-1.54%	27.18%	23.13%	4.98%	72.64%
Shares Outstanding (Basic)	107	101	92	93	85	69
Shares Outstanding (Diluted)	107	102	93	93	85	69
Shares Change (YoY)	15.20%	9.91%	0.15%	9.45%	21.85%	0.93%
EPS (Basic)	2.40	2.16	2.41	1.89	1.68	1.95
EPS (Diluted)	2.40	2.15	2.40	1.89	1.68	1.95
EPS Growth	0.31%	-10.42%	26.98%	12.50%	-13.85%	71.05%
Free Cash Flow	-19.13	-13.51	31.55	86.01	18.75	128.93
Free Cash Flow Per Share	-0.18	-0.13	0.34	0.93	0.22	1.86
Dividend Per Share	0.780	0.780	0.780	0.610	0.480	0.440
Dividend Growth	-	-	27.87%	27.08%	9.09%	-
Gross Margin	51.65%	51.78%	52.64%	53.16%	57.34%	57.19%
Operating Margin	22.24%	20.13%	25.96%	23.70%	31.36%	37.98%
Profit Margin	30.10%	28.29%	37.04%	42.50%	43.97%	40.94%
Free Cash Flow Margin	-2.24%	-1.75%	5.25%	20.91%	5.81%	39.02%
EBITDA	198.65	164.52	163.59	102.27	103.71	126.98
EBITDA Margin	23.29%	21.26%	27.25%	24.86%	32.11%	38.43%
D&A For EBITDA	8.96	8.71	7.73	4.77	2.42	1.51
EBIT	189.69	155.81	155.86	97.5	101.29	125.47
EBIT Margin	22.24%	20.13%	25.96%	23.70%	31.36%	37.98%
Effective Tax Rate	2.44%	2.99%	-	-	0.80%	0.51%
Revenue as Reported	773.9	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.