SHA:688379 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,556	1,914	1,410	1,217	1,208
Other Revenue	-	3.79	5.43	3.52	2.68
Revenue	2,556	1,918	1,415	1,220	1,211
Revenue Growth (YoY)	33.25%	35.52%	15.96%	0.78%	40.75%
Cost of Revenue	2,345	1,660	1,238	1,106	1,050
Gross Profit	210.76	258.16	176.73	114.18	161.39
Selling, General & Admin	-	67.63	61.12	49.8	42.63
Research & Development	-	74.27	53.01	44.61	45.69
Other Operating Expenses	-	-2.58	-5	-0.84	3.04
Operating Expenses	-	145.19	109.44	95.99	94.03
Operating Income	210.76	112.97	67.29	18.19	67.36
Interest Expense	-	-37.18	-29.76	-24.79	-20.45
Interest & Investment Income	-	0.82	0.93	0.59	0.46
Currency Exchange Gain (Loss)	-	0.82	0.44	1.65	-0.71
Other Non Operating Income (Expenses)	-2.42	-1.18	-0.43	1.37	-0.11
EBT Excluding Unusual Items	208.34	76.23	38.47	-3	46.55
Gain (Loss) on Sale of Investments	-	-1.17	-1.25	-2.96	2.55
Gain (Loss) on Sale of Assets	-	-0.09	-0.07	0.03	-0.52
Other Unusual Items	-	9.29	3.88	6.84	-3.26
Pretax Income	208.34	84.26	41.03	0.91	45.32
Income Tax Expense	16.75	3.64	-0.57	-7.81	0.12
Net Income	191.59	80.62	41.6	8.72	45.21
Net Income to Common	191.59	80.62	41.6	8.72	45.21
Net Income Growth	137.65%	93.78%	377.19%	-80.71%	-30.11%
Shares Outstanding (Basic)	86	86	87	87	89
Shares Outstanding (Diluted)	86	86	87	87	89
Shares Change (YoY)	0.18%	-1.05%	-0.58%	-1.64%	20.59%
EPS (Basic)	2.23	0.94	0.48	0.10	0.51
EPS (Diluted)	2.23	0.94	0.48	0.10	0.51
EPS Growth	137.23%	95.83%	380.00%	-80.39%	-42.05%
Free Cash Flow	-	-315.26	-246.42	-439.1	-554.01
Free Cash Flow Per Share	-	-3.68	-2.84	-5.04	-6.25
Dividend Per Share	-	0.277	0.150	-	0.157
Dividend Growth	-	84.67%	-	-	-30.84%
Gross Margin	8.25%	13.46%	12.49%	9.36%	13.33%
Operating Margin	8.25%	5.89%	4.75%	1.49%	5.56%
Profit Margin	7.50%	4.20%	2.94%	0.71%	3.73%
Free Cash Flow Margin	-	-16.44%	-17.41%	-35.98%	-45.75%
EBITDA	249.9	152.11	94.05	39.14	86.03
EBITDA Margin	9.78%	7.93%	6.65%	3.21%	7.10%
D&A For EBITDA	39.15	39.15	26.76	20.95	18.67
EBIT	210.76	112.97	67.29	18.19	67.36
EBIT Margin	8.25%	5.89%	4.75%	1.49%	5.56%
Effective Tax Rate	8.04%	4.32%	-	-	0.26%
Revenue as Reported	-	1,918	1,415	1,220	1,211
Advertising Expenses	-	2.01	1.76	0.91	0.42

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