SHA:688380 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	1,122	910.65	709.85	634.6	1,103
Other Revenue	-	1	3.72	2.19	6.1
Revenue	1,122	911.65	713.57	636.79	1,109
Revenue Growth (YoY)	23.09%	27.76%	12.06%	-42.58%	193.68%
Cost of Revenue	811.98	650.99	644.34	396.36	348.47
Gross Profit	310.17	260.67	69.23	240.43	760.57
Selling, General & Admin	-	59.89	59.79	51.77	49.31
Research & Development	-	127.54	120.47	123.94	100.65
Other Operating Expenses	-	-7.24	-7.29	3.64	11.37
Operating Expenses	-	181.25	169.78	187.9	161.1
Operating Income	310.17	79.42	-100.55	52.53	599.47
Interest Expense	-	-0.66	-0.67	-0.76	-0.21
Interest & Investment Income	-	51.79	52.06	19.85	83.15
Currency Exchange Gain (Loss)	-	-5.91	-4.1	-0.73	0.4
Other Non Operating Income (Expenses)	-5.14	0.18	-1.3	-0.72	-0.1
EBT Excluding Unusual Items	305.03	124.82	-54.57	70.18	682.71
Gain (Loss) on Sale of Investments	-	-13.28	7.07	-33.9	188.9
Gain (Loss) on Sale of Assets	-	0.02	0.17	-0.06	0
Other Unusual Items	-	26.07	13.79	17.19	4.79
Pretax Income	305.03	137.63	-33.54	53.41	876.39
Income Tax Expense	20.35	0.8	-11.59	-5.94	91.34
Earnings From Continuing Operations	284.68	136.83	-21.95	59.34	785.05
Net Income	284.68	136.83	-21.95	59.34	785.05
Net Income to Common	284.68	136.83	-21.95	59.34	785.05
Net Income Growth	108.05%	-	-	-92.44%	737.92%
Shares Outstanding (Basic)	401	402	439	349	337
Shares Outstanding (Diluted)	401	402	439	349	337
Shares Change (YoY)	-0.37%	-8.32%	25.75%	3.61%	1.68%
EPS (Basic)	0.71	0.34	-0.05	0.17	2.33
EPS (Diluted)	0.71	0.34	-0.05	0.17	2.33
EPS Growth	108.82%	-	-	-92.70%	732.14%
Free Cash Flow	-	281.53	-12.44	-362.94	359.42
Free Cash Flow Per Share	-	0.70	-0.03	-1.04	1.07
Dividend Per Share	-	0.250	0.250	0.450	-
Dividend Growth	-	-	-44.44%	-	-
Gross Margin	27.64%	28.59%	9.70%	37.76%	68.58%
Operating Margin	27.64%	8.71%	-14.09%	8.25%	54.05%
Profit Margin	25.37%	15.01%	-3.08%	9.32%	70.79%
Free Cash Flow Margin	-	30.88%	-1.74%	-56.99%	32.41%
EBITDA	323.81	93.05	-81.39	60.9	605.07
EBITDA Margin	28.86%	10.21%	-11.41%	9.56%	54.56%
D&A For EBITDA	13.64	13.64	19.17	8.37	5.61
EBIT	310.17	79.42	-100.55	52.53	599.47
EBIT Margin	27.64%	8.71%	-14.09%	8.25%	54.05%
Effective Tax Rate	6.67%	0.58%	-	-	10.42%
Revenue as Reported	-	911.65	713.57	636.79	1,109
Advertising Expenses	-	0.5	0.61	0.98	0.52

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