SHA:688325 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	504.37	488.66	392.9	249.2	199.83	339.18
Other Revenue	-	-	0.12	0.12	-	-
Revenue	504.37	488.66	393.02	249.31	199.83	339.18
Revenue Growth (YoY)	19.98%	24.34%	57.64%	24.76%	-41.09%	88.31%
Cost of Revenue	246.73	237.58	191	112.6	91.82	128.91
Gross Profit	257.64	251.08	202.01	136.71	108	210.27
Selling, General & Admin	59.39	55.86	51.44	46.15	42.69	50.18
Research & Development	143.92	137.02	114.23	80.43	65.84	66.74
Other Operating Expenses	-5.55	-2.23	-0.61	-0.61	0.98	2.96
Operating Expenses	198	190.88	165.09	126.04	109.58	119.86
Operating Income	59.64	60.2	36.92	10.67	-1.58	90.41
Interest Expense	-0.96	-0.96	-0.05	-1.37	-0.2	-1.13
Interest & Investment Income	35.62	35.71	38.69	39.9	27.52	1.51
Currency Exchange Gain (Loss)	-0.5	-0.5	0.46	0.13	2.02	-1.24
Other Non Operating Income (Expenses)	-0.93	-0.2	-0.13	-0.1	-0.08	-0.11
EBT Excluding Unusual Items	92.88	94.25	75.89	49.23	27.69	89.44
Gain (Loss) on Sale of Investments	4.13	4.72	1.54	2.63	0.98	-
Gain (Loss) on Sale of Assets	-2.37	-2.37	-1.38	-0.46	-0	-1.33
Other Unusual Items	4.34	4.34	1.43	3.65	22.89	3.47
Pretax Income	95.64	100.94	77.48	55.05	51.55	91.58
Income Tax Expense	2.7	3.59	-1.36	-4.72	-0.31	2.36
Net Income	92.94	97.34	78.84	59.77	51.86	89.22
Net Income to Common	92.94	97.34	78.84	59.77	51.86	89.22
Net Income Growth	6.79%	23.47%	31.90%	15.26%	-41.87%	174.86%
Shares Outstanding (Basic)	84	83	82	82	73	60
Shares Outstanding (Diluted)	87	87	86	86	78	63
Shares Change (YoY)	0.95%	0.93%	-0.08%	9.71%	23.91%	18.74%
EPS (Basic)	1.11	1.17	0.96	0.73	0.71	1.49
EPS (Diluted)	1.07	1.12	0.92	0.70	0.66	1.41
EPS Growth	5.79%	22.34%	32.00%	5.06%	-53.09%	131.48%
Free Cash Flow	-188.31	-175.75	52.77	40.62	-22.72	121.86
Free Cash Flow Per Share	-2.17	-2.03	0.61	0.47	-0.29	1.93
Dividend Per Share	1.300	1.300	1.000	0.200	-	-
Dividend Growth	30.00%	30.00%	400.00%	-	-	-
Gross Margin	51.08%	51.38%	51.40%	54.84%	54.05%	61.99%
Operating Margin	11.82%	12.32%	9.39%	4.28%	-0.79%	26.65%
Profit Margin	18.43%	19.92%	20.06%	23.98%	25.95%	26.30%
Free Cash Flow Margin	-37.34%	-35.97%	13.43%	16.29%	-11.37%	35.93%
EBITDA	69.34	69.57	45	16.26	2.3	93.26
EBITDA Margin	13.75%	14.24%	11.45%	6.52%	1.15%	27.50%
D&A For EBITDA	9.7	9.37	8.08	5.59	3.88	2.86
EBIT	59.64	60.2	36.92	10.67	-1.58	90.41
EBIT Margin	11.82%	12.32%	9.39%	4.28%	-0.79%	26.65%
Effective Tax Rate	2.82%	3.56%	-	-	-	2.58%
Revenue as Reported	488.66	488.66	393.02	249.31	199.83	339.18

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