SHA:688380 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	1,239	1,121	910.65	709.85	634.6	1,103
Other Revenue	1.36	1.36	1	3.72	2.19	6.1
Revenue	1,241	1,122	911.65	713.57	636.79	1,109
Revenue Growth (YoY)	35.95%	23.09%	27.76%	12.06%	-42.58%	193.68%
Cost of Revenue	818.07	753.28	650.99	644.34	396.36	348.47
Gross Profit	422.76	368.87	260.67	69.23	240.43	760.57
Selling, General & Admin	82.42	78.04	59.89	59.79	51.77	49.31
Research & Development	131.86	124.18	127.54	120.47	123.94	100.65
Other Operating Expenses	-5.24	-13.75	-34.16	-7.29	3.64	11.37
Operating Expenses	209.25	188.68	154.79	169.78	187.9	161.1
Operating Income	213.51	180.19	105.88	-100.55	52.53	599.47
Interest Expense	-2.06	-2.06	-0.66	-0.67	-0.76	-0.21
Interest & Investment Income	42.53	44.23	51.79	52.06	19.85	83.15
Currency Exchange Gain (Loss)	-2.15	-2.15	-5.91	-4.1	-0.73	0.4
Other Non Operating Income (Expenses)	0.63	-0.82	-0.31	-1.3	-0.72	-0.1
EBT Excluding Unusual Items	252.46	219.39	150.8	-54.57	70.18	682.71
Gain (Loss) on Sale of Investments	62.81	82.08	-13.15	7.08	-33.9	188.9
Gain (Loss) on Sale of Assets	0.4	0.4	0.02	0.16	-0.06	0
Asset Writedown	4.88	-0	-0.13	-	-	-
Other Unusual Items	3.16	3.16	0.09	13.79	17.19	4.79
Pretax Income	323.72	305.03	137.63	-33.54	53.41	876.39
Income Tax Expense	22.71	20.85	0.8	-11.59	-5.94	91.34
Earnings From Continuing Operations	301.01	284.18	136.83	-21.95	59.34	785.05
Net Income	301.01	284.18	136.83	-21.95	59.34	785.05
Net Income to Common	301.01	284.18	136.83	-21.95	59.34	785.05
Net Income Growth	111.34%	107.68%	-	-	-92.44%	737.92%
Shares Outstanding (Basic)	402	399	402	439	349	337
Shares Outstanding (Diluted)	402	399	402	439	349	337
Shares Change (YoY)	1.69%	-0.89%	-8.32%	25.75%	3.61%	1.68%
EPS (Basic)	0.75	0.71	0.34	-0.05	0.17	2.33
EPS (Diluted)	0.75	0.71	0.34	-0.05	0.17	2.33
EPS Growth	107.14%	108.82%	-	-	-92.70%	732.14%
Free Cash Flow	167.44	137.08	281.53	-12.44	-362.94	359.42
Free Cash Flow Per Share	0.42	0.34	0.70	-0.03	-1.04	1.07
Dividend Per Share	0.300	0.300	0.250	0.250	0.450	-
Dividend Growth	20.00%	20.00%	-	-44.44%	-	-
Gross Margin	34.07%	32.87%	28.59%	9.70%	37.76%	68.58%
Operating Margin	17.21%	16.06%	11.61%	-14.09%	8.25%	54.05%
Profit Margin	24.26%	25.32%	15.01%	-3.08%	9.32%	70.79%
Free Cash Flow Margin	13.49%	12.22%	30.88%	-1.74%	-56.99%	32.41%
EBITDA	223.78	192.82	127.95	-81.39	60.9	605.07
EBITDA Margin	18.04%	17.18%	14.04%	-11.41%	9.56%	54.56%
D&A For EBITDA	10.27	12.63	22.08	19.17	8.37	5.61
EBIT	213.51	180.19	105.88	-100.55	52.53	599.47
EBIT Margin	17.21%	16.06%	11.61%	-14.09%	8.25%	54.05%
Effective Tax Rate	7.01%	6.83%	0.58%	-	-	10.42%
Revenue as Reported	1,122	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.