SHA:688323 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	386.73	336.17	275.68	301.24	317.96
Other Revenue	-	2.89	0.25	0.47	0.86
Revenue	386.73	339.05	275.93	301.71	318.82
Revenue Growth (YoY)	14.06%	22.88%	-8.55%	-5.37%	-8.95%
Cost of Revenue	-	280.48	207.67	189.25	180.25
Gross Profit	386.73	58.57	68.26	112.46	138.57
Selling, General & Admin	-	48.58	38.55	40.7	42.07
Research & Development	-	33.73	32.2	27.04	26.6
Other Operating Expenses	293.86	0.26	2.12	4.11	3.04
Operating Expenses	293.86	83.88	73.36	71.1	72.45
Operating Income	92.86	-25.31	-5.1	41.36	66.11
Interest Expense	-	-38.22	-18.81	-14.57	-11.9
Interest & Investment Income	-	0.71	1.5	2.26	2.22
Earnings From Equity Investments	-	-0.67	-0.35	-0.29	-1.15
Currency Exchange Gain (Loss)	-	0.72	0.16	0.43	0.84
Other Non Operating Income (Expenses)	-187.02	-0.11	-0.11	-0.07	-0.04
EBT Excluding Unusual Items	-94.16	-62.88	-22.71	29.13	56.08
Gain (Loss) on Sale of Investments	-	-0.84	-0.51	-	-
Gain (Loss) on Sale of Assets	-	-0.08	-0.02	-0.01	-0
Other Unusual Items	-	0.24	2.42	11.26	5.97
Pretax Income	-94.16	-63.57	-20.82	40.38	62.04
Income Tax Expense	-6.54	-6.29	-1.22	1.51	5.99
Earnings From Continuing Operations	-87.62	-57.27	-19.6	38.87	56.05
Net Income	-87.62	-57.27	-19.6	38.87	56.05
Net Income to Common	-87.62	-57.27	-19.6	38.87	56.05
Net Income Growth	-	-	-	-30.64%	-4.25%
Shares Outstanding (Basic)	179	179	178	177	165
Shares Outstanding (Diluted)	179	179	178	177	165
Shares Change (YoY)	-0.10%	0.43%	0.85%	7.19%	21.10%
EPS (Basic)	-0.49	-0.32	-0.11	0.22	0.34
EPS (Diluted)	-0.49	-0.32	-0.11	0.22	0.34
EPS Growth	-	-	-	-35.29%	-20.93%
Free Cash Flow	-	26.47	-160.13	-407.97	-341.53
Free Cash Flow Per Share	-	0.15	-0.90	-2.31	-2.07
Dividend Per Share	-	-	-	0.070	0.070
Gross Margin	100.00%	17.27%	24.74%	37.27%	43.46%
Operating Margin	24.01%	-7.46%	-1.85%	13.71%	20.74%
Profit Margin	-22.66%	-16.89%	-7.10%	12.88%	17.58%
Free Cash Flow Margin	-	7.81%	-58.04%	-135.22%	-107.13%
EBITDA	189.46	71.29	54.77	92.67	118.72
EBITDA Margin	48.99%	21.02%	19.85%	30.71%	37.24%
D&A For EBITDA	96.6	96.6	59.86	51.31	52.6
EBIT	92.86	-25.31	-5.1	41.36	66.11
EBIT Margin	24.01%	-7.46%	-1.85%	13.71%	20.74%
Effective Tax Rate	-	-	-	3.73%	9.66%
Revenue as Reported	-	339.05	275.93	301.71	318.82
Advertising Expenses	-	0.77	0.42	0.23	0.24

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