SHA:688306 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	2,687	2,545	2,662	2,096	1,995	2,140
Other Revenue	14.59	14.59	-	-	-	-
Revenue	2,702	2,560	2,662	2,096	1,995	2,140
Revenue Growth (YoY)	7.53%	-3.83%	27.00%	5.03%	-6.75%	26.85%
Cost of Revenue	2,164	2,026	2,196	1,853	1,593	1,763
Gross Profit	537.41	533.49	465.32	242.31	401.91	376.6
Selling, General & Admin	425.06	409.6	341.99	354.88	280.42	296.48
Research & Development	70.59	67.1	53.42	77.39	75.6	79.04
Other Operating Expenses	11.99	9.92	2.11	4.13	6.23	4.24
Operating Expenses	505.8	484.78	405.98	438.85	377.4	384.4
Operating Income	31.61	48.71	59.34	-196.54	24.51	-7.8
Interest Expense	-49.78	-49.78	-60.6	-63.26	-50.78	-49.29
Interest & Investment Income	6.77	6.89	16.25	15.66	15.58	1.36
Currency Exchange Gain (Loss)	-5.1	-5.1	0.93	-7.42	26.23	75.38
Other Non Operating Income (Expenses)	-12.16	-16.74	-23.61	-41.77	-14.01	-18.51
EBT Excluding Unusual Items	-28.66	-16.02	-7.68	-293.33	1.54	1.15
Impairment of Goodwill	-	-	-	-7.46	-	-
Gain (Loss) on Sale of Investments	-	-	0.02	0.14	0.78	-
Gain (Loss) on Sale of Assets	2.55	2.39	0.59	0.06	0.24	0.61
Other Unusual Items	27.06	27.06	28.52	20.85	35.01	40.4
Pretax Income	0.96	13.43	21.44	-279.74	37.57	42.16
Income Tax Expense	-6.71	1.53	15.78	-69.99	-4.07	-1.01
Earnings From Continuing Operations	7.67	11.9	5.66	-209.75	41.63	43.17
Minority Interest in Earnings	0.41	0.33	2.54	3.64	0.64	0.01
Net Income	8.08	12.22	8.2	-206.11	42.28	43.18
Net Income to Common	8.08	12.22	8.2	-206.11	42.28	43.18
Net Income Growth	-50.45%	49.11%	-	-	-2.08%	-
Shares Outstanding (Basic)	1,210	1,210	1,224	1,228	1,057	921
Shares Outstanding (Diluted)	1,210	1,210	1,224	1,228	1,057	921
Shares Change (YoY)	-0.94%	-1.08%	-0.39%	16.21%	14.80%	-0.06%
EPS (Basic)	0.01	0.01	0.01	-0.17	0.04	0.05
EPS (Diluted)	0.01	0.01	0.01	-0.17	0.04	0.05
EPS Growth	-49.98%	50.75%	-	-	-14.71%	-
Free Cash Flow	34.34	8.55	24.28	130.85	-386.75	29.04
Free Cash Flow Per Share	0.03	0.01	0.02	0.11	-0.37	0.03
Dividend Per Share	0.008	0.008	-	-	-	-
Gross Margin	19.89%	20.84%	17.48%	11.56%	20.14%	17.60%
Operating Margin	1.17%	1.90%	2.23%	-9.38%	1.23%	-0.36%
Profit Margin	0.30%	0.48%	0.31%	-9.83%	2.12%	2.02%
Free Cash Flow Margin	1.27%	0.33%	0.91%	6.24%	-19.38%	1.36%
EBITDA	71.97	90.28	105.74	-155.55	68	45.66
EBITDA Margin	2.66%	3.53%	3.97%	-7.42%	3.41%	2.13%
D&A For EBITDA	40.36	41.57	46.4	40.99	43.49	53.46
EBIT	31.61	48.71	59.34	-196.54	24.51	-7.8
EBIT Margin	1.17%	1.90%	2.23%	-9.38%	1.23%	-0.36%
Effective Tax Rate	-	11.42%	73.59%	-	-	-
Revenue as Reported	2,560	2,560	2,662	2,096	1,995	2,140
Advertising Expenses	-	5.13	4.74	6.61	3.52	1.56

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