SHA:688371 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	471.23	450.45	304.56	377.09	397.81	236.82
Other Revenue	29.01	29.01	4.35	18.47	12.59	1.04
Revenue	500.24	479.46	308.91	395.56	410.4	237.86
Revenue Growth (YoY)	12.93%	55.21%	-21.91%	-3.62%	72.54%	66.52%
Cost of Revenue	230.88	225.75	163.19	174.67	187.41	61.46
Gross Profit	269.36	253.72	145.71	220.89	222.99	176.4
Selling, General & Admin	144.32	125.42	154.96	151.53	123.56	67.82
Research & Development	92.69	89.81	85.87	51.21	39.8	37.06
Other Operating Expenses	5.25	6.35	1.28	2.29	1.99	1.01
Operating Expenses	242.63	224.33	241.14	203.21	171.02	106.15
Operating Income	26.73	29.38	-95.43	17.67	51.97	70.24
Interest Expense	-0.16	-0.19	-0.33	-5.03	-3.71	-2.34
Interest & Investment Income	15.46	10.65	34.35	2.37	2.04	0.3
Currency Exchange Gain (Loss)	2.78	2.78	3.2	7.91	-0.2	-0.28
Other Non Operating Income (Expenses)	-3.78	0.08	-0.43	0.04	-0.57	0.07
EBT Excluding Unusual Items	41.04	42.71	-58.65	22.97	49.53	67.99
Gain (Loss) on Sale of Investments	9.6	7	3.6	1.49	-	-
Gain (Loss) on Sale of Assets	2.56	3.13	-1.31	1.3	-0.03	-0.47
Asset Writedown	-0.1	-	-	-	-	-
Other Unusual Items	-1.04	-0.63	6.99	16.5	3.49	0.94
Pretax Income	52.06	52.22	-49.36	42.25	52.99	68.46
Income Tax Expense	5.19	7.11	-7.81	8.93	13.68	12.91
Net Income	46.86	45.11	-41.55	33.32	39.32	55.55
Net Income to Common	46.86	45.11	-41.55	33.32	39.32	55.55
Net Income Growth	145.31%	-	-	-15.24%	-29.23%	75.32%
Shares Outstanding (Basic)	333	347	346	278	246	61
Shares Outstanding (Diluted)	333	347	346	278	246	61
Shares Change (YoY)	-4.98%	0.20%	24.70%	13.01%	302.40%	-
EPS (Basic)	0.14	0.13	-0.12	0.12	0.16	0.91
EPS (Diluted)	0.14	0.13	-0.12	0.12	0.16	0.91
EPS Growth	158.17%	-	-	-25.00%	-82.41%	-
Free Cash Flow	15.2	-108.29	-340.32	-81.17	-226.81	57.5
Free Cash Flow Per Share	0.05	-0.31	-0.98	-0.29	-0.92	0.94
Gross Margin	53.85%	52.92%	47.17%	55.84%	54.34%	74.16%
Operating Margin	5.34%	6.13%	-30.89%	4.47%	12.66%	29.53%
Profit Margin	9.37%	9.41%	-13.45%	8.42%	9.58%	23.35%
Free Cash Flow Margin	3.04%	-22.59%	-110.17%	-20.52%	-55.27%	24.17%
EBITDA	136.83	120.1	-30.55	70.73	89.96	95.68
EBITDA Margin	27.35%	25.05%	-9.89%	17.88%	21.92%	40.23%
D&A For EBITDA	110.1	90.72	64.88	53.06	37.99	25.44
EBIT	26.73	29.38	-95.43	17.67	51.97	70.24
EBIT Margin	5.34%	6.13%	-30.89%	4.47%	12.66%	29.53%
Effective Tax Rate	9.98%	13.62%	-	21.13%	25.81%	18.86%
Revenue as Reported	500.24	479.46	308.91	395.56	410.4	237.86
Advertising Expenses	-	2.15	1.31	0.84	0.78	1.58

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