SHA:688363 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	3,947	4,195	5,361	6,075	6,359	4,947
Other Revenue	3.76	3.76	9.49	0.6	0.41	0.55
Revenue	3,951	4,199	5,371	6,076	6,359	4,948
Revenue Growth (YoY)	-22.36%	-21.82%	-11.61%	-4.45%	28.53%	87.93%
Cost of Revenue	1,319	1,352	1,482	1,659	1,482	1,118
Gross Profit	2,632	2,847	3,889	4,417	4,877	3,829
Selling, General & Admin	1,907	2,055	3,118	3,331	3,439	2,736
Research & Development	452.96	472.14	466.25	446.35	388.19	284.34
Other Operating Expenses	47.37	42.77	46.48	62.01	73.25	56.95
Operating Expenses	2,449	2,612	3,656	3,847	3,915	3,083
Operating Income	182.59	235.23	232.36	570.18	961.48	746.46
Interest Expense	-6.42	-6.42	-9.17	-10.74	-14.52	-11.08
Interest & Investment Income	7.63	7.63	14.11	39.78	50.44	45.07
Currency Exchange Gain (Loss)	5.23	5.23	2.97	3.9	25.19	-12.05
Other Non Operating Income (Expenses)	-7.23	2.58	-4.76	1.71	-3.88	-2.62
EBT Excluding Unusual Items	181.81	244.26	235.51	604.84	1,019	765.77
Impairment of Goodwill	-3.06	-3.06	-74.09	-	-	-
Gain (Loss) on Sale of Investments	12.27	14.15	-11.48	-18.74	-0.14	7.39
Gain (Loss) on Sale of Assets	0.44	0.42	-0.11	-3.42	-0.24	0.04
Asset Writedown	-3.39	-2.36	-0.86	-1.87	-0.53	-3.91
Other Unusual Items	80.4	80.4	64.43	120.91	118.32	120.9
Pretax Income	268.47	333.8	213.39	701.72	1,136	890.2
Income Tax Expense	13.45	42.65	44.99	118.98	174.73	114.64
Earnings From Continuing Operations	255.02	291.15	168.41	582.74	961.38	775.56
Minority Interest in Earnings	-0.2	0.91	5.86	9.81	9.54	6.78
Net Income	254.82	292.06	174.27	592.56	970.92	782.33
Net Income to Common	254.82	292.06	174.27	592.56	970.92	782.33
Net Income Growth	677.05%	67.59%	-70.59%	-38.97%	24.10%	21.14%
Shares Outstanding (Basic)	473	479	484	482	481	480
Shares Outstanding (Diluted)	473	479	484	482	483	483
Shares Change (YoY)	-2.70%	-1.09%	0.48%	-0.27%	0.03%	0.95%
EPS (Basic)	0.54	0.61	0.36	1.23	2.02	1.63
EPS (Diluted)	0.54	0.61	0.36	1.23	2.01	1.62
EPS Growth	698.64%	69.44%	-70.73%	-38.81%	24.07%	20.00%
Free Cash Flow	449.95	301.77	-156.88	-330.68	-61.22	491.85
Free Cash Flow Per Share	0.95	0.63	-0.32	-0.69	-0.13	1.02
Dividend Per Share	0.190	0.190	0.110	0.380	0.610	0.490
Dividend Growth	72.73%	72.73%	-71.05%	-37.70%	24.49%	19.51%
Gross Margin	66.62%	67.80%	72.41%	72.69%	76.69%	77.40%
Operating Margin	4.62%	5.60%	4.33%	9.38%	15.12%	15.09%
Profit Margin	6.45%	6.96%	3.25%	9.75%	15.27%	15.81%
Free Cash Flow Margin	11.39%	7.19%	-2.92%	-5.44%	-0.96%	9.94%
EBITDA	500.86	537.69	471.59	775.49	1,124	866.92
EBITDA Margin	12.68%	12.80%	8.78%	12.76%	17.68%	17.52%
D&A For EBITDA	318.26	302.46	239.23	205.31	162.69	120.46
EBIT	182.59	235.23	232.36	570.18	961.48	746.46
EBIT Margin	4.62%	5.60%	4.33%	9.38%	15.12%	15.09%
Effective Tax Rate	5.01%	12.78%	21.08%	16.96%	15.38%	12.88%
Revenue as Reported	4,199	4,199	5,371	6,076	6,359	4,948
Advertising Expenses	-	649.37	1,377	1,790	2,051	1,583

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