SHA:688391 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
Revenue	538.67	591.87	603.05	709.9	499.34
Revenue Growth (YoY)	-8.99%	-1.85%	-15.05%	42.17%	31.75%
Cost of Revenue	-	328.32	341.91	352.63	275.2
Gross Profit	538.67	263.55	261.13	357.27	224.14
Selling, General & Admin	-	47.11	40.87	42.08	29.41
Research & Development	-	181.34	153.65	133.87	91.56
Other Operating Expenses	509.8	-3.03	-2.9	2.6	0.4
Operating Expenses	509.8	226.76	192.28	179.44	121.02
Operating Income	28.87	36.79	68.86	177.83	103.12
Interest Expense	-	-0.22	-0.4	-0.13	-0.1
Interest & Investment Income	-	40.28	41.44	11.71	1.96
Currency Exchange Gain (Loss)	-	-0.1	-0.2	-0.22	-0.13
Other Non Operating Income (Expenses)	0.07	-0.11	0.05	0.23	-0.15
EBT Excluding Unusual Items	28.94	76.64	109.75	189.41	104.7
Gain (Loss) on Sale of Assets	-	-0.01	-0.14	0.04	-0.03
Other Unusual Items	-	8.22	10.04	7.89	1.73
Pretax Income	28.94	84.85	119.65	197.34	106.4
Income Tax Expense	-13.93	-8.74	-11.78	-2.71	5
Net Income	42.87	93.59	131.43	200.05	101.4
Net Income to Common	42.87	93.59	131.43	200.05	101.4
Net Income Growth	-54.20%	-28.79%	-34.30%	97.29%	63.26%
Shares Outstanding (Basic)	116	117	121	98	91
Shares Outstanding (Diluted)	116	118	121	98	91
Shares Change (YoY)	-1.47%	-2.91%	23.08%	8.34%	0.16%
EPS (Basic)	0.37	0.80	1.09	2.03	1.12
EPS (Diluted)	0.37	0.80	1.09	2.03	1.12
EPS Growth	-53.52%	-26.66%	-46.62%	82.11%	63.00%
Free Cash Flow	-	85.29	34.54	-18.69	115.07
Free Cash Flow Per Share	-	0.72	0.28	-0.19	1.27
Dividend Per Share	-	-	0.552	0.737	-
Dividend Growth	-	-	-25.16%	-	-
Gross Margin	100.00%	44.53%	43.30%	50.33%	44.89%
Operating Margin	5.36%	6.22%	11.42%	25.05%	20.65%
Profit Margin	7.96%	15.81%	21.80%	28.18%	20.31%
Free Cash Flow Margin	-	14.41%	5.73%	-2.63%	23.04%
EBITDA	41.12	49.04	83.38	185.7	108.93
EBITDA Margin	7.63%	8.29%	13.83%	26.16%	21.82%
D&A For EBITDA	12.25	12.25	14.53	7.87	5.82
EBIT	28.87	36.79	68.86	177.83	103.12
EBIT Margin	5.36%	6.22%	11.42%	25.05%	20.65%
Effective Tax Rate	-	-	-	-	4.70%
Revenue as Reported	-	591.87	603.05	709.9	499.34
Advertising Expenses	-	0.06	0.07	0.02	0.06

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