SHA:688377 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	1,181	1,172	1,084	1,154	944.72	525.95
Other Revenue	35.55	35.55	39.62	55.71	38.1	1.99
Revenue	1,216	1,207	1,124	1,210	982.82	527.94
Revenue Growth (YoY)	9.72%	7.43%	-7.12%	23.12%	86.16%	-25.44%
Cost of Revenue	939.09	941.58	913.54	944.01	755.52	428.25
Gross Profit	277.21	265.82	210.36	266.06	227.3	99.69
Selling, General & Admin	87.82	86.86	71.44	67.49	59.8	48.72
Research & Development	37.19	38.47	38.92	43.16	39.89	25.62
Other Operating Expenses	-2.99	-4.43	7.18	0.94	1.98	2.7
Operating Expenses	123.33	121.23	119.38	113.35	115.39	77.69
Operating Income	153.88	144.59	90.98	152.71	111.91	22
Interest Expense	-11.96	-10.41	-6	-4.88	-4.38	-4.02
Interest & Investment Income	4.62	4.34	5.34	6.55	13.33	18.48
Currency Exchange Gain (Loss)	-0.65	-0.65	8.8	7.05	13.23	-3.64
Other Non Operating Income (Expenses)	-10.64	-1.73	-1.65	-1.67	-1.09	-0.51
EBT Excluding Unusual Items	135.25	136.14	97.47	159.76	133	32.31
Gain (Loss) on Sale of Investments	-0	0	-0.56	0.38	-0.85	-1.29
Gain (Loss) on Sale of Assets	-4.32	-3.96	-	0	-0.08	-3.51
Other Unusual Items	-0.82	-0.82	-0.33	1.24	2.4	4
Pretax Income	130.11	131.37	96.57	161.38	134.46	31.52
Income Tax Expense	14.7	12.01	10.97	18.95	13	1.29
Earnings From Continuing Operations	115.4	119.36	85.6	142.43	121.46	30.23
Minority Interest in Earnings	0.05	-	-	-	-	1.96
Net Income	115.45	119.36	85.6	142.43	121.46	32.19
Net Income to Common	115.45	119.36	85.6	142.43	121.46	32.19
Net Income Growth	47.19%	39.43%	-39.90%	17.27%	277.34%	-59.89%
Shares Outstanding (Basic)	231	231	233	231	231	227
Shares Outstanding (Diluted)	235	235	233	234	231	227
Shares Change (YoY)	0.07%	0.59%	-0.30%	1.21%	1.85%	13.22%
EPS (Basic)	0.50	0.52	0.37	0.62	0.53	0.14
EPS (Diluted)	0.49	0.51	0.37	0.61	0.53	0.14
EPS Growth	47.08%	38.62%	-39.72%	15.87%	270.50%	-64.58%
Free Cash Flow	110.32	32.44	-76.71	-65.29	-208.06	-146.4
Free Cash Flow Per Share	0.47	0.14	-0.33	-0.28	-0.90	-0.64
Dividend Per Share	0.167	0.167	0.117	0.192	0.133	-
Dividend Growth	42.84%	42.84%	-39.12%	43.81%	-	-
Gross Margin	22.79%	22.02%	18.72%	21.99%	23.13%	18.88%
Operating Margin	12.65%	11.98%	8.09%	12.62%	11.39%	4.17%
Profit Margin	9.49%	9.89%	7.62%	11.77%	12.36%	6.10%
Free Cash Flow Margin	9.07%	2.69%	-6.83%	-5.39%	-21.17%	-27.73%
EBITDA	257.05	240.99	160.27	214.86	152.11	56.16
EBITDA Margin	21.13%	19.96%	14.26%	17.76%	15.48%	10.64%
D&A For EBITDA	103.17	96.4	69.29	62.16	40.2	34.16
EBIT	153.88	144.59	90.98	152.71	111.91	22
EBIT Margin	12.65%	11.98%	8.09%	12.62%	11.39%	4.17%
Effective Tax Rate	11.30%	9.14%	11.36%	11.74%	9.67%	4.08%
Revenue as Reported	8.9	-	-	1,210	982.82	527.94
Advertising Expenses	-	1.53	1.53	0.81	0.74	1.58

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