SHA:688319 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	770.44	700.13	586.1	494.29	546.68	485.29
Other Revenue	4.03	4.03	2.75	1.83	0.8	1.86
Revenue	774.47	704.16	588.86	496.12	547.48	487.15
Revenue Growth (YoY)	27.90%	19.58%	18.69%	-9.38%	12.38%	52.18%
Cost of Revenue	70.29	63.17	29.77	36.73	43.01	28.36
Gross Profit	704.18	641	559.09	459.39	504.48	458.79
Selling, General & Admin	488.06	456.1	389.32	336.12	352.06	296.33
Research & Development	123.97	132.9	134.23	114.73	121.99	56.36
Other Operating Expenses	8.44	6.05	3.72	3.32	3.55	3.21
Operating Expenses	633.67	608.26	537.47	455.89	489.78	364.9
Operating Income	70.51	32.73	21.62	3.51	14.7	93.89
Interest Expense	-14.99	-14.99	-14.46	-7.18	-5.07	-1.23
Interest & Investment Income	1.16	1.1	5.36	3.6	7.55	5.19
Currency Exchange Gain (Loss)	-0.01	-0.01	-	-	-	-
Other Non Operating Income (Expenses)	-2.65	0.09	-0.25	0.07	-0.21	-0.19
EBT Excluding Unusual Items	54.02	18.92	12.28	-0.01	16.97	97.67
Gain (Loss) on Sale of Assets	0.01	0.01	-0.03	-0.15	-0.15	-0.05
Asset Writedown	4.36	-	-	-	-	-
Other Unusual Items	12.96	12.96	10.06	15.77	26.83	9.57
Pretax Income	71.36	31.89	22.3	15.62	43.65	107.19
Income Tax Expense	15.22	9.99	6.58	4.18	17.07	-0.77
Earnings From Continuing Operations	56.14	21.9	15.72	11.44	26.58	107.96
Minority Interest in Earnings	0.39	0.36	5.04	6.11	-	-
Net Income	56.52	22.26	20.76	17.56	26.58	107.96
Net Income to Common	56.52	22.26	20.76	17.56	26.58	107.96
Net Income Growth	42.45%	7.24%	18.24%	-33.95%	-75.38%	198.82%
Shares Outstanding (Basic)	405	405	405	405	405	385
Shares Outstanding (Diluted)	405	405	405	405	405	385
Shares Change (YoY)	-0.13%	0.01%	-0.01%	0.07%	5.22%	5.61%
EPS (Basic)	0.14	0.05	0.05	0.04	0.07	0.28
EPS (Diluted)	0.14	0.05	0.05	0.04	0.07	0.28
EPS Growth	42.63%	7.23%	18.25%	-33.99%	-76.61%	182.95%
Free Cash Flow	0.24	6.68	-217.05	-125.88	-225.24	-29.75
Free Cash Flow Per Share	0.00	0.02	-0.54	-0.31	-0.56	-0.08
Dividend Per Share	-	-	-	0.038	-	-
Gross Margin	90.92%	91.03%	94.94%	92.60%	92.14%	94.18%
Operating Margin	9.10%	4.65%	3.67%	0.71%	2.69%	19.27%
Profit Margin	7.30%	3.16%	3.52%	3.54%	4.85%	22.16%
Free Cash Flow Margin	0.03%	0.95%	-36.86%	-25.37%	-41.14%	-6.11%
EBITDA	105.15	66.2	50.4	30.62	40	116.93
EBITDA Margin	13.58%	9.40%	8.56%	6.17%	7.31%	24.00%
D&A For EBITDA	34.64	33.47	28.78	27.11	25.3	23.04
EBIT	70.51	32.73	21.62	3.51	14.7	93.89
EBIT Margin	9.10%	4.65%	3.67%	0.71%	2.69%	19.27%
Effective Tax Rate	21.33%	31.34%	29.52%	26.74%	39.11%	-
Revenue as Reported	704.16	704.16	588.86	496.12	547.48	487.15
Advertising Expenses	-	331.88	264.73	224.9	248.75	212.96

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