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	1,121	910.65	709.85	634.6	1,103
Other Revenue	1.36	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	753.28	650.99	644.34	396.36	348.47
Gross Profit	368.87	260.67	69.23	240.43	760.57
Selling, General & Admin	78.04	59.89	59.79	51.77	49.31
Research & Development	124.18	127.54	120.47	123.94	100.65
Other Operating Expenses	-13.75	-34.16	-7.29	3.64	11.37
Operating Expenses	188.68	154.79	169.78	187.9	161.1
Operating Income	180.19	105.88	-100.55	52.53	599.47
Interest Expense	-2.06	-0.66	-0.67	-0.76	-0.21
Interest & Investment Income	44.23	51.79	52.06	19.85	83.15
Currency Exchange Gain (Loss)	-2.15	-5.91	-4.1	-0.73	0.4
Other Non Operating Income (Expenses)	-0.82	-0.31	-1.3	-0.72	-0.1
EBT Excluding Unusual Items	219.39	150.8	-54.57	70.18	682.71
Gain (Loss) on Sale of Investments	82.08	-13.15	7.08	-33.9	188.9
Gain (Loss) on Sale of Assets	0.4	0.02	0.16	-0.06	0
Asset Writedown	-0	-0.13	-	-	-
Other Unusual Items	3.16	0.09	13.79	17.19	4.79
Pretax Income	305.03	137.63	-33.54	53.41	876.39
Income Tax Expense	20.85	0.8	-11.59	-5.94	91.34
Earnings From Continuing Operations	284.18	136.83	-21.95	59.34	785.05
Net Income	284.18	136.83	-21.95	59.34	785.05
Net Income to Common	284.18	136.83	-21.95	59.34	785.05
Net Income Growth	107.68%	-	-	-92.44%	737.92%
Shares Outstanding (Basic)	399	402	439	349	337
Shares Outstanding (Diluted)	399	402	439	349	337
Shares Change (YoY)	-0.89%	-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	137.08	281.53	-12.44	-362.94	359.42
Free Cash Flow Per Share	0.34	0.70	-0.03	-1.04	1.07
Dividend Per Share	0.300	0.250	0.250	0.450	-
Dividend Growth	20.00%	-	-44.44%	-	-
Gross Margin	32.87%	28.59%	9.70%	37.76%	68.58%
Operating Margin	16.06%	11.61%	-14.09%	8.25%	54.05%
Profit Margin	25.32%	15.01%	-3.08%	9.32%	70.79%
Free Cash Flow Margin	12.22%	30.88%	-1.74%	-56.99%	32.41%
EBITDA	192.82	127.95	-81.39	60.9	605.07
EBITDA Margin	17.18%	14.04%	-11.41%	9.56%	54.56%
D&A For EBITDA	12.63	22.08	19.17	8.37	5.61
EBIT	180.19	105.88	-100.55	52.53	599.47
EBIT Margin	16.06%	11.61%	-14.09%	8.25%	54.05%
Effective Tax Rate	6.83%	0.58%	-	-	10.42%
Revenue as Reported	1,122	911.65	713.57	636.79	1,109
Advertising Expenses	0.31	0.5	0.61	0.98	0.52

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