SHA:688370 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	512.31	522.62	594.84	634.4	726.14	664.51
Other Revenue	3.69	3.69	0.46	0.4	7.01	2.18
Revenue	516	526.31	595.3	634.8	733.15	666.68
Revenue Growth (YoY)	-11.60%	-11.59%	-6.22%	-13.41%	9.97%	-0.42%
Cost of Revenue	372.24	394.25	388.25	398.51	404.51	339.97
Gross Profit	143.77	132.06	207.05	236.29	328.64	326.71
Selling, General & Admin	97.32	98.23	100.89	114.26	105.7	89.73
Research & Development	24.44	25.42	30.76	31.63	37.93	35.78
Other Operating Expenses	5.3	4.23	2.8	-0.09	-3.2	-7.16
Operating Expenses	125.18	123.78	137.64	163.74	148.55	119.72
Operating Income	18.59	8.28	69.41	72.55	180.08	206.99
Interest Expense	-10.82	-12.19	-15.22	-19.67	-10.19	-10.48
Interest & Investment Income	15.56	16.23	15.16	16.72	7.39	5.36
Currency Exchange Gain (Loss)	0.3	0.3	-0.37	-1.44	-0.03	0.44
Other Non Operating Income (Expenses)	-0.94	0.62	-0.55	-4.45	-1.58	1.28
EBT Excluding Unusual Items	22.68	13.24	68.42	63.71	175.67	203.59
Impairment of Goodwill	-	-	-	-20.25	-	-
Gain (Loss) on Sale of Investments	13.13	14.33	22.19	26.23	7.92	5.61
Gain (Loss) on Sale of Assets	-0.14	0.01	-0.02	-0.49	-0.09	0.43
Asset Writedown	1.3	-0.1	-0.35	-0.15	-0.51	-0.34
Other Unusual Items	1.56	1.56	9.51	12.1	17.16	11.66
Pretax Income	38.53	29.05	99.76	81.14	200.16	220.95
Income Tax Expense	19.75	16.67	27.33	29.07	33.05	38.45
Earnings From Continuing Operations	18.78	12.38	72.44	52.07	167.11	182.5
Minority Interest in Earnings	10.07	10.79	17.58	36.29	7.86	6.77
Net Income	28.84	23.17	90.02	88.36	174.97	189.28
Net Income to Common	28.84	23.17	90.02	88.36	174.97	189.28
Net Income Growth	-60.33%	-74.27%	1.88%	-49.50%	-7.56%	-18.22%
Shares Outstanding (Basic)	138	136	138	138	115	104
Shares Outstanding (Diluted)	138	136	138	138	115	104
Shares Change (YoY)	2.19%	-1.61%	0.31%	19.94%	10.88%	0.09%
EPS (Basic)	0.21	0.17	0.65	0.64	1.52	1.82
EPS (Diluted)	0.21	0.17	0.65	0.64	1.52	1.82
EPS Growth	-61.18%	-73.85%	1.56%	-57.89%	-16.63%	-18.28%
Free Cash Flow	89.95	115.39	188.44	152.43	109.24	22.1
Free Cash Flow Per Share	0.65	0.85	1.36	1.10	0.95	0.21
Dividend Per Share	0.210	0.210	0.360	0.360	2.154	-
Dividend Growth	-41.67%	-41.67%	-	-83.28%	-	-
Gross Margin	27.86%	25.09%	34.78%	37.22%	44.82%	49.00%
Operating Margin	3.60%	1.57%	11.66%	11.43%	24.56%	31.05%
Profit Margin	5.59%	4.40%	15.12%	13.92%	23.87%	28.39%
Free Cash Flow Margin	17.43%	21.92%	31.65%	24.01%	14.90%	3.31%
EBITDA	118.72	109.58	175.41	177.28	268.76	276.77
EBITDA Margin	23.01%	20.82%	29.47%	27.93%	36.66%	41.52%
D&A For EBITDA	100.13	101.3	106	104.73	88.68	69.79
EBIT	18.59	8.28	69.41	72.55	180.08	206.99
EBIT Margin	3.60%	1.57%	11.66%	11.43%	24.56%	31.05%
Effective Tax Rate	51.27%	57.39%	27.39%	35.83%	16.51%	17.40%
Revenue as Reported	516	526.31	595.3	634.8	733.15	666.68
Advertising Expenses	-	0.44	0.31	0.35	0.18	0.15

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