SHA:688439 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	711.16	1,061	1,294	777.02	501.31
Other Revenue	-	1.82	2.7	1.85	1.02
Revenue	711.16	1,063	1,297	778.87	502.33
Revenue Growth (YoY)	-33.11%	-18.04%	66.54%	55.05%	38.97%
Cost of Revenue	-	352.1	343.93	179.27	132.87
Gross Profit	711.16	711.01	953.2	599.6	369.46
Selling, General & Admin	-	133.94	141.46	124.33	88.75
Research & Development	-	140.25	150.9	88.09	46.74
Other Operating Expenses	580.72	2.36	0.37	2.42	1.58
Operating Expenses	580.72	361.19	314.71	222.88	137.36
Operating Income	130.44	349.82	638.49	376.72	232.1
Interest Expense	-	-1.9	-1.8	-9.4	-4.23
Interest & Investment Income	-	43.33	57.49	6.65	0.71
Other Non Operating Income (Expenses)	-0.14	-1.87	-1.27	-1.2	-3.18
EBT Excluding Unusual Items	130.3	389.38	692.91	372.77	225.4
Gain (Loss) on Sale of Investments	-	0.03	3.6	-	-
Gain (Loss) on Sale of Assets	-	0.01	0.03	-	-1.98
Other Unusual Items	-	0.63	13.38	8.35	-7.33
Pretax Income	130.3	390.05	709.92	381.12	216.09
Income Tax Expense	-4.84	42.88	97.48	42.64	28.43
Earnings From Continuing Operations	135.15	347.17	612.44	338.48	187.66
Minority Interest in Earnings	-	-24.63	-1.83	-35.46	-10.73
Net Income	135.15	322.54	610.61	303.02	176.92
Net Income to Common	135.15	322.54	610.61	303.02	176.92
Net Income Growth	-58.10%	-47.18%	101.51%	71.27%	67.80%
Shares Outstanding (Basic)	200	200	200	167	150
Shares Outstanding (Diluted)	200	200	200	167	150
Shares Change (YoY)	0.01%	-0.00%	20.00%	11.11%	181.48%
EPS (Basic)	0.68	1.61	3.05	1.82	1.18
EPS (Diluted)	0.68	1.61	3.05	1.82	1.18
EPS Growth	-58.10%	-47.18%	67.92%	54.14%	-40.39%
Free Cash Flow	-	-428.97	-369.15	-371.29	-66
Free Cash Flow Per Share	-	-2.15	-1.85	-2.23	-0.44
Dividend Per Share	-	0.163	0.703	0.379	-
Dividend Growth	-	-76.81%	85.49%	-	-
Gross Margin	100.00%	66.88%	73.48%	76.98%	73.55%
Operating Margin	18.34%	32.91%	49.22%	48.37%	46.20%
Profit Margin	19.00%	30.34%	47.07%	38.91%	35.22%
Free Cash Flow Margin	-	-40.35%	-28.46%	-47.67%	-13.14%
EBITDA	173.2	392.58	667.21	395.68	247.71
EBITDA Margin	24.36%	36.93%	51.44%	50.80%	49.31%
D&A For EBITDA	42.76	42.76	28.73	18.96	15.61
EBIT	130.44	349.82	638.49	376.72	232.1
EBIT Margin	18.34%	32.91%	49.22%	48.37%	46.20%
Effective Tax Rate	-	10.99%	13.73%	11.19%	13.16%
Revenue as Reported	-	1,063	1,297	778.87	502.33
Advertising Expenses	-	-	-	0.06	0.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.