SHA:688370 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	558.46	594.84	634.4	726.14	664.51	663.62
Other Revenue	0.46	0.46	0.4	7.01	2.18	5.87
Revenue	558.92	595.3	634.8	733.15	666.68	669.5
Revenue Growth (YoY)	-4.89%	-6.22%	-13.41%	9.97%	-0.42%	9.77%
Cost of Revenue	409.89	388.25	398.51	404.51	339.97	313.57
Gross Profit	149.02	207.05	236.29	328.64	326.71	355.92
Selling, General & Admin	96.64	100.89	114.26	105.7	89.73	78.72
Research & Development	27.87	30.76	31.63	37.93	35.78	32.53
Other Operating Expenses	7.08	2.8	-0.09	-3.2	-7.16	-19.27
Operating Expenses	130.16	137.64	163.74	148.55	119.72	92.5
Operating Income	18.86	69.41	72.55	180.08	206.99	263.42
Interest Expense	-14.62	-15.22	-19.67	-10.19	-10.48	-6.22
Interest & Investment Income	16.55	15.16	16.72	7.39	5.36	0.8
Earnings From Equity Investments	-	-	-	-	-	3.16
Currency Exchange Gain (Loss)	-0.37	-0.37	-1.44	-0.03	0.44	-
Other Non Operating Income (Expenses)	-1.25	-0.55	-4.45	-1.58	1.28	-1.82
EBT Excluding Unusual Items	19.17	68.42	63.71	175.67	203.59	259.34
Impairment of Goodwill	-	-	-20.25	-	-	-
Gain (Loss) on Sale of Investments	15.93	22.19	26.23	7.92	5.61	2.46
Gain (Loss) on Sale of Assets	0.38	-0.02	-0.49	-0.09	0.43	-1.2
Asset Writedown	-1.27	-0.35	-0.15	-0.51	-0.34	-1.21
Other Unusual Items	9.51	9.51	12.1	17.16	11.66	3.33
Pretax Income	43.72	99.76	81.14	200.16	220.95	262.71
Income Tax Expense	23.39	27.33	29.07	33.05	38.45	35.01
Earnings From Continuing Operations	20.33	72.44	52.07	167.11	182.5	227.7
Minority Interest in Earnings	10.07	17.58	36.29	7.86	6.77	3.76
Net Income	30.41	90.02	88.36	174.97	189.28	231.46
Net Income to Common	30.41	90.02	88.36	174.97	189.28	231.46
Net Income Growth	-54.28%	1.88%	-49.50%	-7.56%	-18.22%	4.04%
Shares Outstanding (Basic)	139	138	138	115	104	104
Shares Outstanding (Diluted)	139	138	138	115	104	104
Shares Change (YoY)	0.64%	0.31%	19.94%	10.88%	0.09%	-
EPS (Basic)	0.22	0.65	0.64	1.52	1.82	2.23
EPS (Diluted)	0.22	0.65	0.64	1.52	1.82	2.23
EPS Growth	-54.57%	1.56%	-57.89%	-16.63%	-18.28%	-
Free Cash Flow	144.06	188.44	152.43	109.24	22.1	39.13
Free Cash Flow Per Share	1.03	1.36	1.10	0.95	0.21	0.38
Dividend Per Share	0.360	0.360	0.360	2.154	-	-
Dividend Growth	-	-	-83.28%	-	-	-
Gross Margin	26.66%	34.78%	37.22%	44.82%	49.00%	53.16%
Operating Margin	3.38%	11.66%	11.43%	24.56%	31.05%	39.35%
Profit Margin	5.44%	15.12%	13.92%	23.87%	28.39%	34.57%
Free Cash Flow Margin	25.77%	31.65%	24.01%	14.90%	3.31%	5.85%
EBITDA	124.98	174.94	177.28	268.76	276.77	327.63
EBITDA Margin	22.36%	29.39%	27.93%	36.66%	41.52%	48.94%
D&A For EBITDA	106.12	105.53	104.73	88.68	69.79	64.21
EBIT	18.86	69.41	72.55	180.08	206.99	263.42
EBIT Margin	3.38%	11.66%	11.43%	24.56%	31.05%	39.35%
Effective Tax Rate	53.49%	27.39%	35.83%	16.51%	17.40%	13.33%
Revenue as Reported	558.92	595.3	634.8	733.15	666.68	-
Advertising Expenses	-	0.31	0.35	0.18	0.15	-

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