SHA:688398 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	Jun '26 Jun 30, 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	1,015	991.89	931.1	837.8	633.95	700.91
Other Revenue	3.02	3.02	2.44	2.01	3.76	10.38
Revenue	1,018	994.91	933.54	839.81	637.71	711.29
Revenue Growth	7.08%	6.57%	11.16%	31.69%	-10.35%	37.80%
Cost of Revenue	792.23	768.5	675.44	567.36	470.66	483.21
Gross Profit	225.3	226.41	258.1	272.45	167.05	228.09
Selling, General & Admin	114.33	112.92	103.48	88.47	70.94	66.71
Research & Development	52.44	50.29	48.12	41.52	33.95	33.46
Other Operating Expenses	3.78	4.5	7.95	6.07	6.03	5.82
Operating Expenses	173.35	170.51	163.17	148.33	115.8	105.7
Operating Income	51.94	55.9	94.93	124.12	51.24	122.39
Interest Expense	-32.39	-32.39	-24.36	-8.58	-0.74	-0.82
Interest & Investment Income	3.32	4.18	9.5	4.59	1.15	4.14
Currency Exchange Gain (Loss)	0.33	0.33	4.45	3.14	13.03	-6.99
Other Non Operating Income (Expenses)	-13.38	-1.19	-2.28	-0.96	-1.01	-0.31
EBT Excluding Unusual Items	9.81	26.83	82.25	122.3	63.67	118.42
Gain (Loss) on Sale of Investments	-0.02	-0.43	-0.5	-0.75	-2.05	0.16
Gain (Loss) on Sale of Assets	-0.41	-0.4	-0.05	-0.32	0.01	0.93
Asset Writedown	3.35	-	-	-	-0.64	-
Other Unusual Items	2.69	2.69	2.11	-0.32	9.4	14.04
Pretax Income	15.41	28.68	83.81	120.91	70.39	133.55
Income Tax Expense	1.64	4.49	6.65	14.81	6.53	19.66
Earnings From Continuing Operations	13.77	24.19	77.16	106.1	63.86	113.89
Minority Interest in Earnings	-	-	-	-	-	-0.32
Net Income	13.77	24.19	77.16	106.1	63.86	113.57
Net Income to Common	13.77	24.19	77.16	106.1	63.86	113.57
Net Income Growth	-60.78%	-68.66%	-27.27%	66.14%	-43.77%	21.66%
Shares Outstanding (Basic)	170	173	168	168	168	168
Shares Outstanding (Diluted)	170	173	168	168	168	168
Shares Change	0.52%	2.99%	-0.39%	0.02%	0.13%	4.53%
EPS (Basic)	0.08	0.14	0.46	0.63	0.38	0.68
EPS (Diluted)	0.08	0.14	0.46	0.63	0.38	0.68
EPS Growth	-60.98%	-69.56%	-26.98%	66.09%	-43.84%	16.39%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	3.49	-120.77	-257.86	-189.16	-22.55	-79.41
Free Cash Flow Per Share	0.02	-0.70	-1.54	-1.12	-0.13	-0.47
Dividend Per Share	0.050	0.050	0.150	0.276	0.119	0.214
Dividend Growth	-66.67%	-66.67%	-45.63%	132.04%	-44.44%	25.00%
Gross Margin	22.14%	22.76%	27.65%	32.44%	26.20%	32.07%
Operating Margin	5.10%	5.62%	10.17%	14.78%	8.04%	17.21%
Profit Margin	1.35%	2.43%	8.27%	12.63%	10.01%	15.97%
Free Cash Flow Margin	0.34%	-12.14%	-27.62%	-22.52%	-3.54%	-11.16%
EBITDA	119.5	118.61	144.61	166.35	89.36	149.92
EBITDA Margin	11.74%	11.92%	15.49%	19.81%	14.01%	21.08%
D&A For EBITDA	67.56	62.71	49.69	42.23	38.11	27.53
EBIT	51.94	55.9	94.93	124.12	51.24	122.39
EBIT Margin	5.10%	5.62%	10.17%	14.78%	8.04%	17.21%
Effective Tax Rate	10.67%	15.67%	7.94%	12.25%	9.27%	14.72%
Revenue as Reported	994.91	994.91	933.54	839.81	637.71	711.29