SHA:688281 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	1,301	1,244	1,131	916.66	672.16	505.91
Other Revenue	0.22	0.22	8.11	0.8	0.24	5.94
Revenue	1,301	1,244	1,139	917.46	672.4	511.85
Revenue Growth (YoY)	14.85%	9.17%	24.18%	36.45%	31.36%	23.68%
Cost of Revenue	734.01	707.73	561.97	388.74	262.82	211.88
Gross Profit	567.34	536.03	577.28	528.71	409.58	299.97
Selling, General & Admin	122.72	115.39	94.45	246.92	37.45	30.36
Research & Development	159.58	149.83	91.23	72.92	61.96	52.14
Other Operating Expenses	-3.19	-7.23	4.13	6.46	1.06	-12.81
Operating Expenses	302.6	286	206.15	349.56	111.94	75
Operating Income	264.73	250.04	371.12	179.15	297.64	224.97
Interest Expense	-20.17	-20.56	-15.5	-2.45	-0.71	-2.37
Interest & Investment Income	51.24	54.36	65.51	68.15	62.1	0.82
Currency Exchange Gain (Loss)	-0.07	-0.07	0.04	-	-	-
Other Non Operating Income (Expenses)	-8.16	-6.86	-4.69	4.9	0.02	-0.06
EBT Excluding Unusual Items	287.58	276.91	416.48	249.76	359.06	223.36
Impairment of Goodwill	-0.23	-0.23	-	-	-	-
Gain (Loss) on Sale of Investments	-1.37	-1.98	-3.77	5.28	4.32	-
Gain (Loss) on Sale of Assets	1.11	1.26	0.34	-	-0.01	-0.04
Asset Writedown	-1.04	-0.07	-	-0.03	-	-
Other Unusual Items	28.63	28.63	28.73	15.32	14.57	42.76
Pretax Income	314.68	304.53	441.79	270.32	377.94	266.07
Income Tax Expense	61.35	59.07	49.1	10.91	44.56	32.9
Earnings From Continuing Operations	253.33	245.46	392.68	259.41	333.38	233.17
Minority Interest in Earnings	70.31	61.77	21.24	75.6	0.03	-
Net Income	323.64	307.23	413.92	335.01	333.42	233.17
Net Income to Common	323.64	307.23	413.92	335.01	333.42	233.17
Net Income Growth	-10.64%	-25.78%	23.55%	0.48%	42.99%	50.61%
Shares Outstanding (Basic)	272	272	272	273	216	204
Shares Outstanding (Diluted)	272	272	272	273	216	204
Shares Change (YoY)	-0.22%	-0.16%	-0.13%	26.01%	5.83%	0.14%
EPS (Basic)	1.19	1.13	1.52	1.23	1.54	1.14
EPS (Diluted)	1.19	1.13	1.52	1.23	1.54	1.14
EPS Growth	-10.44%	-25.66%	23.72%	-20.26%	35.12%	50.40%
Free Cash Flow	190.45	203.81	-283.63	-387.11	-152.26	94.43
Free Cash Flow Per Share	0.70	0.75	-1.04	-1.42	-0.70	0.46
Dividend Per Share	0.350	0.350	0.642	0.173	0.123	0.086
Dividend Growth	-45.48%	-45.48%	270.03%	40.71%	44.04%	-
Gross Margin	43.60%	43.10%	50.67%	57.63%	60.91%	58.60%
Operating Margin	20.34%	20.10%	32.58%	19.53%	44.27%	43.95%
Profit Margin	24.87%	24.70%	36.33%	36.52%	49.59%	45.55%
Free Cash Flow Margin	14.64%	16.39%	-24.90%	-42.19%	-22.64%	18.45%
EBITDA	355.21	330.46	411.31	198.89	307.64	233.04
EBITDA Margin	27.30%	26.57%	36.10%	21.68%	45.75%	45.53%
D&A For EBITDA	90.48	80.42	40.18	19.74	10	8.07
EBIT	264.73	250.04	371.12	179.15	297.64	224.97
EBIT Margin	20.34%	20.10%	32.58%	19.53%	44.27%	43.95%
Effective Tax Rate	19.50%	19.40%	11.12%	4.04%	11.79%	12.37%
Revenue as Reported	1,301	1,244	1,139	917.46	672.4	511.85
Advertising Expenses	-	5.45	3.89	0.3	1.73	0.74

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