SHA:688318 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	366.73	367.91	388.77	433.56	320.1	326.32
Other Revenue	0.18	0.18	0.21	1.11	1.37	-
Revenue	366.91	368.1	388.98	434.67	321.47	326.32
Revenue Growth	-1.59%	-5.37%	-10.51%	35.21%	-1.49%	19.42%
Cost of Revenue	69.7	63.17	54.55	63.22	52.53	43.77
Gross Profit	297.21	304.93	334.43	371.45	268.94	282.55
Selling, General & Admin	15.68	16.29	16.25	20	17.43	14.9
Research & Development	80.35	85.58	91.47	75.44	70.79	53.13
Other Operating Expenses	-5.96	-6.7	-9.23	-16.92	-6.46	-8.53
Operating Expenses	91.85	96.94	98.62	79.04	81.96	59.57
Operating Income	205.36	207.99	235.82	292.41	186.98	222.98
Interest Expense	-0.03	-0.03	-2.75	-0.57	-0.19	-0.24
Interest & Investment Income	108.46	111.15	121.91	92.07	80.81	109.04
Currency Exchange Gain (Loss)	-0.13	-0.13	0.14	0.18	1.52	-0.55
Other Non Operating Income (Expenses)	-2.06	-1.08	-1.16	-0.57	-0.6	-3.33
EBT Excluding Unusual Items	311.6	317.9	353.95	383.52	268.51	327.89
Gain (Loss) on Sale of Investments	30.52	39.1	-12.58	-26.12	-97.94	-6.47
Gain (Loss) on Sale of Assets	-	-	0.13	-	-	-0.03
Asset Writedown	-	-	-	-0.08	-	-
Other Unusual Items	-3.84	-3.84	0.14	-	0.44	5.35
Pretax Income	338.28	353.16	341.64	357.32	171	326.74
Income Tax Expense	34.83	37.76	37.68	46.82	17.52	45.05
Earnings From Continuing Operations	303.45	315.41	303.96	310.5	153.48	281.7
Minority Interest in Earnings	-0	-0	-0.02	0.21	0.07	-
Net Income	303.45	315.4	303.94	310.72	153.55	281.7
Net Income to Common	303.45	315.4	303.94	310.72	153.55	281.7
Net Income Growth	1.07%	3.77%	-2.18%	102.35%	-45.49%	17.90%
Shares Outstanding (Basic)	362	359	358	358	357	358
Shares Outstanding (Diluted)	362	359	358	358	357	358
Shares Change	1.30%	0.39%	-0.19%	0.32%	-0.35%	9.04%
EPS (Basic)	0.84	0.88	0.85	0.87	0.43	0.79
EPS (Diluted)	0.84	0.88	0.85	0.87	0.43	0.79
EPS Growth	-0.23%	3.36%	-1.99%	101.70%	-45.30%	8.13%

Additional Metrics

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
Free Cash Flow	108.41	119.15	161.84	218.47	175.93	242.97
Free Cash Flow Per Share	0.30	0.33	0.45	0.61	0.49	0.68
Dividend Per Share	0.271	0.271	0.311	0.292	0.130	0.260
Dividend Growth	-12.79%	-12.79%	6.72%	124.13%	-50.02%	-12.50%
Gross Margin	81.00%	82.84%	85.98%	85.46%	83.66%	86.59%
Operating Margin	55.97%	56.50%	60.62%	67.27%	58.16%	68.33%
Profit Margin	82.70%	85.68%	78.14%	71.48%	47.77%	86.33%
Free Cash Flow Margin	29.55%	32.37%	41.60%	50.26%	54.73%	74.46%
EBITDA	209.5	212.07	239.67	296.34	190.11	225.46
EBITDA Margin	57.10%	57.61%	61.61%	68.18%	59.14%	69.09%
D&A For EBITDA	4.14	4.08	3.86	3.93	3.14	2.48
EBIT	205.36	207.99	235.82	292.41	186.98	222.98
EBIT Margin	55.97%	56.50%	60.62%	67.27%	58.16%	68.33%
Effective Tax Rate	10.29%	10.69%	11.03%	13.10%	10.24%	13.79%
Revenue as Reported	366.91	368.1	388.98	434.67	321.47	-