SHA:688312 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	613.85	617.39	496.81	326.42	317.52	427.44
Other Revenue	1.28	1.28	0.77	0.49	0.36	0.11
Revenue	615.13	618.66	497.58	326.91	317.88	427.55
Revenue Growth (YoY)	18.02%	24.34%	52.20%	2.84%	-25.65%	22.03%
Cost of Revenue	312.67	314.68	263	167.43	141.25	181.98
Gross Profit	302.46	303.98	234.58	159.48	176.64	245.58
Selling, General & Admin	71.98	69.57	63.86	40.48	66.39	65.28
Research & Development	117.68	119.67	120.74	88.33	89.9	86.84
Other Operating Expenses	-8.79	-6.84	-10.44	-3.46	-10.88	-12.35
Operating Expenses	183.87	185.39	176.17	127.95	144.88	138.94
Operating Income	118.59	118.59	58.41	31.53	31.75	106.63
Interest Expense	-4.05	-4.05	-2.07	-2.07	-2.19	-1.11
Interest & Investment Income	27.18	28.39	30.45	33.28	30.09	30.45
Currency Exchange Gain (Loss)	-9.55	-9.55	5.78	5.22	24.7	-5.36
Other Non Operating Income (Expenses)	-1.13	-0.43	-0.27	0.68	-0.61	-0.39
EBT Excluding Unusual Items	131.04	132.95	92.3	68.64	83.75	130.22
Gain (Loss) on Sale of Investments	1.57	0.6	0.73	1.94	-4.16	-1.8
Gain (Loss) on Sale of Assets	-0.01	-0.01	0.07	0.06	0.03	0.01
Asset Writedown	2.75	-	-	-6.2	-	-
Legal Settlements	-	-	-	-	0.78	-
Other Unusual Items	1.61	1.61	2.83	2.59	3.48	4.99
Pretax Income	136.96	135.14	95.93	67.03	83.87	133.42
Income Tax Expense	3.19	2.42	2.15	-0.04	4.16	12.71
Earnings From Continuing Operations	133.77	132.72	93.79	67.07	79.71	120.7
Minority Interest in Earnings	2.62	3.73	2.52	1.49	1.91	1.69
Net Income	136.4	136.45	96.31	68.56	81.62	122.39
Net Income to Common	136.4	136.45	96.31	68.56	81.62	122.39
Net Income Growth	50.70%	41.68%	40.47%	-16.00%	-33.31%	19.66%
Shares Outstanding (Basic)	143	144	146	143	143	144
Shares Outstanding (Diluted)	146	147	148	143	143	144
Shares Change (YoY)	0.77%	-0.98%	3.73%	-0.25%	-0.55%	14.03%
EPS (Basic)	0.95	0.95	0.66	0.48	0.57	0.85
EPS (Diluted)	0.93	0.93	0.65	0.48	0.57	0.85
EPS Growth	49.54%	43.08%	35.42%	-15.79%	-32.94%	4.94%
Free Cash Flow	264.6	105.57	-59.4	-155.09	-11.41	116.39
Free Cash Flow Per Share	1.81	0.72	-0.40	-1.09	-0.08	0.81
Dividend Per Share	0.550	0.550	0.500	0.400	0.200	0.600
Dividend Growth	10.00%	10.00%	25.00%	100.00%	-66.67%	20.00%
Gross Margin	49.17%	49.13%	47.14%	48.78%	55.57%	57.44%
Operating Margin	19.28%	19.17%	11.74%	9.64%	9.99%	24.94%
Profit Margin	22.17%	22.05%	19.36%	20.97%	25.68%	28.63%
Free Cash Flow Margin	43.02%	17.06%	-11.94%	-47.44%	-3.59%	27.22%
EBITDA	136.71	135.82	72.11	37.01	36.54	110.33
EBITDA Margin	22.22%	21.95%	14.49%	11.32%	11.49%	25.80%
D&A For EBITDA	18.11	17.23	13.7	5.48	4.78	3.7
EBIT	118.59	118.59	58.41	31.53	31.75	106.63
EBIT Margin	19.28%	19.17%	11.74%	9.64%	9.99%	24.94%
Effective Tax Rate	2.33%	1.79%	2.24%	-	4.96%	9.53%
Revenue as Reported	618.66	618.66	497.58	326.91	317.88	427.55

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