SHA:688309 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	403.3	292.38	153.95	161.64	162.12	83.01
Other Revenue	3.03	3.03	0.99	2.27	3.19	1.56
Revenue	406.34	295.42	154.94	163.92	165.3	84.57
Revenue Growth (YoY)	103.19%	90.67%	-5.48%	-0.84%	95.47%	-51.56%
Cost of Revenue	234.57	202.68	91.16	73.75	93.73	54.39
Gross Profit	171.77	92.74	63.77	90.17	71.57	30.18
Selling, General & Admin	64.9	41.57	32.28	29.6	31.33	25.01
Research & Development	15.58	14.97	10.29	12.4	12.25	8.25
Other Operating Expenses	-2.78	-1.84	1.76	2.21	2.09	1.55
Operating Expenses	89.64	56.32	53.3	73.35	60.73	54.5
Operating Income	82.13	36.42	10.47	16.82	10.84	-24.33
Interest Expense	-0.69	-0.69	-0.35	-	-	-
Interest & Investment Income	7.95	6.35	3.21	7.23	2.73	7.52
Currency Exchange Gain (Loss)	-3.05	-3.05	0.13	-1.13	2.1	-0.88
Other Non Operating Income (Expenses)	-0.04	0.04	-0.05	-0.31	0.22	0.03
EBT Excluding Unusual Items	86.3	39.07	13.42	22.61	15.88	-17.66
Gain (Loss) on Sale of Investments	-0.09	-0.05	-0.08	-0.34	0.2	-0.11
Gain (Loss) on Sale of Assets	-0.69	-0.69	2.06	0.05	-0.03	0
Asset Writedown	-3.32	-	-	-	-	-
Other Unusual Items	3.15	3.15	4.19	-2.3	0.97	6.72
Pretax Income	85.36	41.49	19.58	20.02	17.02	-11.04
Income Tax Expense	14.58	6.26	2.08	1.87	2.39	-1.56
Earnings From Continuing Operations	70.77	35.23	17.51	18.15	14.63	-9.48
Minority Interest in Earnings	-3.09	-1.79	-0.09	-	-	-
Net Income	67.68	33.43	17.42	18.15	14.63	-9.48
Net Income to Common	67.68	33.43	17.42	18.15	14.63	-9.48
Net Income Growth	202.29%	91.91%	-4.00%	24.06%	-	-
Shares Outstanding (Basic)	79	80	79	80	80	80
Shares Outstanding (Diluted)	80	80	79	80	80	80
Shares Change (YoY)	0.49%	0.53%	-1.03%	0.32%	-0.32%	17.09%
EPS (Basic)	0.85	0.42	0.22	0.23	0.18	-0.12
EPS (Diluted)	0.85	0.42	0.22	0.23	0.18	-0.12
EPS Growth	200.82%	90.91%	-3.00%	23.66%	-	-
Free Cash Flow	-62.85	-42.88	35.91	-48.19	53.33	-42.38
Free Cash Flow Per Share	-0.79	-0.54	0.45	-0.60	0.67	-0.53
Dividend Per Share	0.170	0.170	0.088	0.092	0.074	-
Dividend Growth	93.18%	93.18%	-4.35%	24.32%	-	-
Gross Margin	42.27%	31.39%	41.16%	55.01%	43.30%	35.68%
Operating Margin	20.21%	12.33%	6.76%	10.26%	6.56%	-28.77%
Profit Margin	16.66%	11.32%	11.24%	11.07%	8.85%	-11.21%
Free Cash Flow Margin	-15.47%	-14.52%	23.18%	-29.40%	32.26%	-50.11%
EBITDA	105.53	58.32	26.37	30.65	21.08	-14.73
EBITDA Margin	25.97%	19.74%	17.02%	18.70%	12.75%	-17.42%
D&A For EBITDA	23.4	21.9	15.9	13.83	10.24	9.59
EBIT	82.13	36.42	10.47	16.82	10.84	-24.33
EBIT Margin	20.21%	12.33%	6.76%	10.26%	6.56%	-28.77%
Effective Tax Rate	17.08%	15.09%	10.60%	9.34%	14.04%	-
Revenue as Reported	406.34	295.42	154.94	163.92	165.3	84.57
Advertising Expenses	-	1.1	2.1	2.13	2.12	2.34

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