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	Jun '26 Jun 30, 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	1,183	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	1,219	1,207	1,124	1,210	982.82	527.94
Revenue Growth	8.45%	7.43%	-7.12%	23.12%	86.16%	-25.44%
Cost of Revenue	943.96	941.58	913.54	944.01	755.52	428.25
Gross Profit	274.69	265.82	210.36	266.06	227.3	99.69
Selling, General & Admin	91.04	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	2.32	-4.43	7.18	0.94	1.98	2.7
Operating Expenses	130.87	121.23	119.38	113.35	115.39	77.69
Operating Income	143.82	144.59	90.98	152.71	111.91	22
Interest Expense	-10.41	-10.41	-6	-4.88	-4.38	-4.02
Interest & Investment Income	4.42	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)	-21.97	-1.73	-1.65	-1.67	-1.09	-0.51
EBT Excluding Unusual Items	115.2	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	-4.29	-3.96	-	0	-0.08	-3.51
Other Unusual Items	-0.82	-0.82	-0.33	1.24	2.4	4
Pretax Income	110.09	131.37	96.57	161.38	134.46	31.52
Income Tax Expense	9.48	12.01	10.97	18.95	13	1.29
Earnings From Continuing Operations	100.62	119.36	85.6	142.43	121.46	30.23
Minority Interest in Earnings	0.21	-	-	-	-	1.96
Net Income	100.83	119.36	85.6	142.43	121.46	32.19
Net Income to Common	100.83	119.36	85.6	142.43	121.46	32.19
Net Income Growth	23.53%	39.43%	-39.90%	17.27%	277.34%	-59.89%
Shares Outstanding (Basic)	253	231	233	231	231	227
Shares Outstanding (Diluted)	254	235	233	234	231	227
Shares Change	18.47%	0.59%	-0.30%	1.21%	1.85%	13.22%
EPS (Basic)	0.40	0.52	0.37	0.62	0.53	0.14
EPS (Diluted)	0.40	0.51	0.37	0.61	0.53	0.14
EPS Growth	4.27%	38.62%	-39.72%	15.87%	270.50%	-64.58%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	148.55	32.44	-76.71	-65.29	-208.06	-146.4
Free Cash Flow Per Share	0.59	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%	0%	-
Gross Margin	22.54%	22.02%	18.72%	21.99%	23.13%	18.88%
Operating Margin	11.80%	11.98%	8.09%	12.62%	11.39%	4.17%
Profit Margin	8.27%	9.89%	7.62%	11.77%	12.36%	6.10%
Free Cash Flow Margin	12.19%	2.69%	-6.83%	-5.39%	-21.17%	-27.73%
EBITDA	257.18	240.99	160.27	214.86	152.11	56.16
EBITDA Margin	21.10%	19.96%	14.26%	17.76%	15.48%	10.64%
D&A For EBITDA	113.36	96.4	69.29	62.16	40.2	34.16
EBIT	143.82	144.59	90.98	152.71	111.91	22
EBIT Margin	11.80%	11.98%	8.09%	12.62%	11.39%	4.17%
Effective Tax Rate	8.61%	9.14%	11.36%	11.74%	9.67%	4.08%
Revenue as Reported	-	-	-	1,210	982.82	527.94
Advertising Expenses	-	1.53	1.53	0.81	0.74	1.58