SHA:688389 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	1,061	1,016	1,131	1,133	975.99	772.86
Other Revenue	22.14	22.14	16.55	12.58	7.05	5.24
Revenue	1,083	1,038	1,148	1,146	983.04	778.11
Revenue Growth (YoY)	2.42%	-9.60%	0.20%	16.55%	26.34%	40.50%
Cost of Revenue	417.38	391.36	384.6	445.1	412.13	301.86
Gross Profit	665.46	646.47	763.44	700.62	570.92	476.25
Selling, General & Admin	267.3	259.95	221.81	220.54	193.63	155.21
Research & Development	237.98	228.59	201.5	172.68	170.79	155.81
Other Operating Expenses	4.05	1.23	-0.07	-7.74	-1.8	-3.37
Operating Expenses	512.69	495.79	430.91	390.08	365.24	309.61
Operating Income	152.77	150.69	332.52	310.54	205.68	166.64
Interest Expense	-0.9	-1.34	-4.76	-2.74	-0.12	-0.19
Interest & Investment Income	37.82	43.03	43.59	30.6	18.24	17.65
Currency Exchange Gain (Loss)	-16.26	-16.26	8.09	5.17	21.45	-4.96
Other Non Operating Income (Expenses)	-20.88	-5.89	-2.67	-0.86	-2.67	-0.48
EBT Excluding Unusual Items	152.55	170.21	376.78	342.72	242.58	178.65
Impairment of Goodwill	-13.04	-13.04	-14.35	-15.11	-	-
Gain (Loss) on Sale of Investments	-0.01	0.51	1.37	-0.06	-	-
Gain (Loss) on Sale of Assets	-0.14	-0.01	-0.04	0.05	-0.21	-0.13
Asset Writedown	-1.81	-0.54	-3.1	-1.3	-	-
Other Unusual Items	23.59	23.19	18.77	18.2	14.15	24.4
Pretax Income	161.15	180.32	379.43	344.51	256.51	202.91
Income Tax Expense	3.02	1.52	36.47	17.01	5.34	12.72
Earnings From Continuing Operations	158.13	178.8	342.96	327.5	251.17	190.19
Minority Interest in Earnings	4.89	5.42	2.43	1.08	0.31	0.16
Net Income	163.02	184.22	345.39	328.58	251.48	190.35
Net Income to Common	163.02	184.22	345.39	328.58	251.48	190.35
Net Income Growth	-44.14%	-46.66%	5.12%	30.66%	32.12%	32.23%
Shares Outstanding (Basic)	427	428	428	427	419	423
Shares Outstanding (Diluted)	427	428	428	427	419	423
Shares Change (YoY)	-0.42%	-0.01%	0.41%	1.81%	-0.91%	-0.09%
EPS (Basic)	0.38	0.43	-46.91	0.77	0.60	0.45
EPS (Diluted)	0.38	0.43	-46.91	0.77	0.60	0.45
EPS Growth	-43.91%	-	-	28.33%	33.33%	32.35%
Free Cash Flow	219.13	197.53	234.45	255.2	88.09	60.49
Free Cash Flow Per Share	0.51	0.46	0.55	0.60	0.21	0.14
Dividend Per Share	0.282	0.282	0.282	0.281	0.237	0.178
Dividend Growth	-	-	0.36%	18.57%	33.15%	-
Gross Margin	61.46%	62.29%	66.50%	61.15%	58.08%	61.21%
Operating Margin	14.11%	14.52%	28.97%	27.10%	20.92%	21.42%
Profit Margin	15.05%	17.75%	30.09%	28.68%	25.58%	24.46%
Free Cash Flow Margin	20.24%	19.03%	20.42%	22.27%	8.96%	7.77%
EBITDA	190.93	188.43	368.61	338.78	228.81	184.39
EBITDA Margin	17.63%	18.16%	32.11%	29.57%	23.28%	23.70%
D&A For EBITDA	38.16	37.75	36.08	28.24	23.13	17.75
EBIT	152.77	150.69	332.52	310.54	205.68	166.64
EBIT Margin	14.11%	14.52%	28.97%	27.10%	20.92%	21.42%
Effective Tax Rate	1.87%	0.84%	9.61%	4.94%	2.08%	6.27%
Revenue as Reported	1,083	1,038	1,148	1,146	983.04	778.11

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