SHA:688363 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	4,650	5,361	6,075	6,359	4,947	2,632
Other Revenue	9.49	9.49	0.6	0.41	0.55	1.05
Revenue	4,659	5,371	6,076	6,359	4,948	2,633
Revenue Growth (YoY)	-18.67%	-11.61%	-4.45%	28.53%	87.93%	39.63%
Cost of Revenue	1,399	1,482	1,659	1,482	1,118	510.98
Gross Profit	3,260	3,889	4,417	4,877	3,829	2,122
Selling, General & Admin	2,600	3,118	3,331	3,439	2,736	1,256
Research & Development	514.36	466.25	446.35	388.19	284.34	141.16
Other Operating Expenses	0.93	46.48	62.01	73.25	56.95	30.45
Operating Expenses	3,147	3,656	3,847	3,915	3,083	1,452
Operating Income	113.6	232.36	570.18	961.48	746.46	670.05
Interest Expense	-11.02	-9.17	-10.74	-14.52	-11.08	-
Interest & Investment Income	7.44	14.11	39.78	50.44	45.07	52.19
Currency Exchange Gain (Loss)	2.97	2.97	3.9	25.19	-12.05	-16.99
Other Non Operating Income (Expenses)	8.69	-4.76	1.71	-3.88	-2.62	-0.77
EBT Excluding Unusual Items	121.68	235.51	604.84	1,019	765.77	704.49
Impairment of Goodwill	-74.09	-74.09	-	-	-	-
Gain (Loss) on Sale of Investments	-14.67	-11.48	-18.74	-0.14	7.39	3.34
Gain (Loss) on Sale of Assets	0.82	-0.11	-3.42	-0.24	0.04	0.05
Asset Writedown	-29.81	-0.86	-1.87	-0.53	-3.91	-0.34
Other Unusual Items	64.43	64.43	120.91	118.32	120.9	51.36
Pretax Income	68.36	213.39	701.72	1,136	890.2	758.9
Income Tax Expense	6.68	44.99	118.98	174.73	114.64	113.89
Earnings From Continuing Operations	61.68	168.41	582.74	961.38	775.56	645.01
Minority Interest in Earnings	2.94	5.86	9.81	9.54	6.78	0.83
Net Income	64.62	174.27	592.56	970.92	782.33	645.84
Net Income to Common	64.62	174.27	592.56	970.92	782.33	645.84
Net Income Growth	-85.32%	-70.59%	-38.97%	24.10%	21.14%	10.29%
Shares Outstanding (Basic)	486	484	482	481	480	478
Shares Outstanding (Diluted)	486	484	482	483	483	478
Shares Change (YoY)	0.59%	0.48%	-0.27%	0.03%	0.95%	9.47%
EPS (Basic)	0.13	0.36	1.23	2.02	1.63	1.35
EPS (Diluted)	0.13	0.36	1.23	2.01	1.62	1.35
EPS Growth	-85.41%	-70.73%	-38.81%	24.07%	20.00%	0.75%
Free Cash Flow	236.62	-156.88	-330.68	-61.22	491.85	-57.65
Free Cash Flow Per Share	0.49	-0.32	-0.69	-0.13	1.02	-0.12
Dividend Per Share	0.110	0.110	0.380	0.610	0.490	0.410
Dividend Growth	-71.05%	-71.05%	-37.70%	24.49%	19.51%	10.81%
Gross Margin	69.97%	72.41%	72.69%	76.69%	77.40%	80.59%
Operating Margin	2.44%	4.33%	9.38%	15.12%	15.09%	25.45%
Profit Margin	1.39%	3.25%	9.75%	15.27%	15.81%	24.53%
Free Cash Flow Margin	5.08%	-2.92%	-5.44%	-0.96%	9.94%	-2.19%
EBITDA	367.53	465.45	775.49	1,124	866.92	740.23
EBITDA Margin	7.89%	8.67%	12.76%	17.68%	17.52%	28.12%
D&A For EBITDA	253.94	233.1	205.31	162.69	120.46	70.19
EBIT	113.6	232.36	570.18	961.48	746.46	670.05
EBIT Margin	2.44%	4.33%	9.38%	15.12%	15.09%	25.45%
Effective Tax Rate	9.77%	21.08%	16.96%	15.38%	12.88%	15.01%
Revenue as Reported	4,659	5,371	6,076	6,359	4,948	2,633
Advertising Expenses	-	1,377	1,790	2,051	1,583	618.8

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.