SHA:688343 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	1,308	908.02	500.2	544.9	565.06
Other Revenue	-	9.35	5.81	1.32	0.64
Revenue	1,308	917.37	506.01	546.22	565.7
Revenue Growth (YoY)	42.57%	81.30%	-7.36%	-3.44%	32.69%
Cost of Revenue	-	737.64	390.87	374.78	351.11
Gross Profit	1,308	179.73	115.13	171.44	214.59
Selling, General & Admin	-	431.81	307.67	320.35	370.22
Research & Development	-	399.87	294.84	346.53	295.12
Other Operating Expenses	1,704	4.52	0.2	0	0.85
Operating Expenses	1,704	871.36	621.38	709.1	671.13
Operating Income	-396.37	-691.63	-506.25	-537.66	-456.53
Interest Expense	-	-3.89	-0.48	-3.24	-2.9
Interest & Investment Income	-	44.49	54.36	33.13	37.02
Currency Exchange Gain (Loss)	-	-0.04	0.05	0.2	-0.06
Other Non Operating Income (Expenses)	1.25	-26.14	-6.45	-1.03	-1.17
EBT Excluding Unusual Items	-395.12	-677.21	-458.77	-508.61	-423.63
Gain (Loss) on Sale of Assets	-	0.04	-0.05	-0.06	-0.62
Asset Writedown	-	-	-	-	-0.13
Other Unusual Items	-	100.68	74.09	61.14	34.48
Pretax Income	-395.12	-576.48	-384.73	-447.53	-389.9
Income Tax Expense	-797.56	-4.31	-0.62	0.18	0
Earnings From Continuing Operations	402.44	-572.17	-384.11	-447.71	-389.9
Minority Interest in Earnings	-	-6.88	0.99	0.6	0.11
Net Income	402.44	-579.05	-383.12	-447.11	-389.79
Net Income to Common	402.44	-579.05	-383.12	-447.11	-389.79
Shares Outstanding (Basic)	356	355	333	266	267
Shares Outstanding (Diluted)	356	355	333	266	267
Shares Change (YoY)	0.25%	6.63%	25.18%	-0.32%	21.01%
EPS (Basic)	1.13	-1.63	-1.15	-1.68	-1.46
EPS (Diluted)	1.13	-1.63	-1.15	-1.68	-1.46
Free Cash Flow	-	-1,857	-979.59	-455.87	-210.43
Free Cash Flow Per Share	-	-5.23	-2.94	-1.71	-0.79
Gross Margin	100.00%	19.59%	22.75%	31.39%	37.93%
Operating Margin	-30.31%	-75.39%	-100.05%	-98.43%	-80.70%
Profit Margin	30.77%	-63.12%	-75.71%	-81.86%	-68.90%
Free Cash Flow Margin	-	-202.46%	-193.59%	-83.46%	-37.20%
EBITDA	-264.95	-560.22	-464.67	-506.82	-434.42
EBITDA Margin	-20.26%	-61.07%	-91.83%	-92.79%	-76.79%
D&A For EBITDA	131.41	131.41	41.58	30.84	22.12
EBIT	-396.37	-691.63	-506.25	-537.66	-456.53
EBIT Margin	-30.31%	-75.39%	-100.05%	-98.43%	-80.70%
Revenue as Reported	-	917.37	506.01	546.22	565.7
Advertising Expenses	-	11.35	5.17	3.12	6.04

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