SHA:688306 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	2,560	2,662	2,096	1,995	2,140
Revenue	2,560	2,662	2,096	1,995	2,140
Revenue Growth (YoY)	-3.83%	27.00%	5.03%	-6.75%	26.85%
Cost of Revenue	1,998	2,197	1,853	1,593	1,763
Gross Profit	561.87	464.82	242.31	401.91	376.6
Selling, General & Admin	409.43	341.49	354.88	280.42	296.48
Research & Development	67.27	53.42	77.39	75.6	79.04
Other Operating Expenses	-16.69	2.11	4.13	6.23	4.24
Operating Expenses	460.01	405.48	438.85	377.4	384.4
Operating Income	101.85	59.34	-196.54	24.51	-7.8
Interest Expense	-	-60.6	-63.26	-50.78	-49.29
Interest & Investment Income	0.58	16.25	15.66	15.58	1.36
Currency Exchange Gain (Loss)	-	0.93	-7.42	26.23	75.38
Other Non Operating Income (Expenses)	-62.51	-23.61	-41.77	-14.01	-18.51
EBT Excluding Unusual Items	39.93	-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	2.39	0.59	0.06	0.24	0.61
Asset Writedown	-28.89	-	-	-	-
Other Unusual Items	-	28.52	20.85	35.01	40.4
Pretax Income	13.43	21.44	-279.74	37.57	42.16
Income Tax Expense	1.53	15.78	-69.99	-4.07	-1.01
Earnings From Continuing Operations	11.9	5.66	-209.75	41.63	43.17
Minority Interest in Earnings	0.33	2.54	3.64	0.64	0.01
Net Income	12.22	8.2	-206.11	42.28	43.18
Net Income to Common	12.22	8.2	-206.11	42.28	43.18
Net Income Growth	49.11%	-	-	-2.08%	-
Shares Outstanding (Basic)	1,210	1,224	1,228	1,057	921
Shares Outstanding (Diluted)	1,210	1,224	1,228	1,057	921
Shares Change (YoY)	-1.08%	-0.39%	16.21%	14.80%	-0.06%
EPS (Basic)	0.01	0.01	-0.17	0.04	0.05
EPS (Diluted)	0.01	0.01	-0.17	0.04	0.05
EPS Growth	50.75%	-	-	-14.71%	-
Free Cash Flow	8.55	24.28	130.85	-386.75	29.04
Free Cash Flow Per Share	0.01	0.02	0.11	-0.37	0.03
Gross Margin	21.95%	17.46%	11.56%	20.14%	17.60%
Operating Margin	3.98%	2.23%	-9.38%	1.23%	-0.36%
Profit Margin	0.48%	0.31%	-9.83%	2.12%	2.02%
Free Cash Flow Margin	0.33%	0.91%	6.24%	-19.38%	1.36%
EBITDA	159.16	91.87	-155.55	68	45.66
EBITDA Margin	6.22%	3.45%	-7.42%	3.41%	2.13%
D&A For EBITDA	57.31	32.53	40.99	43.49	53.46
EBIT	101.85	59.34	-196.54	24.51	-7.8
EBIT Margin	3.98%	2.23%	-9.38%	1.23%	-0.36%
Effective Tax Rate	11.42%	73.59%	-	-	-
Revenue as Reported	-	2,662	2,096	1,995	2,140
Advertising Expenses	-	4.74	6.61	3.52	1.56

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.