SHA:688439 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	606.8	766.51	1,002	1,294	777.02	501.31
Other Revenue	3.93	5.11	1.82	2.7	1.85	1.02
Revenue	610.73	771.62	1,003	1,297	778.87	502.33
Revenue Growth	-28.78%	-23.10%	-22.64%	66.54%	55.05%	38.97%
Cost of Revenue	238.38	315.49	340.98	343.93	179.27	132.87
Gross Profit	372.35	456.13	662.43	953.2	599.6	369.46
Selling, General & Admin	144.72	145.56	129.81	141.46	124.33	88.75
Research & Development	153.63	168.84	143.96	150.9	88.09	46.74
Other Operating Expenses	2.82	7.64	1.43	0.37	2.42	1.58
Operating Expenses	223.15	314.68	353.6	314.71	222.88	137.36
Operating Income	149.21	141.45	308.83	638.49	376.72	232.1
Interest Expense	-1.41	-2.77	-1.9	-1.8	-9.4	-4.23
Interest & Investment Income	24.92	21.49	43.33	57.49	6.65	0.71
Other Non Operating Income (Expenses)	-61.17	-4.16	-1.87	-1.27	-1.2	-3.18
EBT Excluding Unusual Items	111.56	156.01	348.39	692.91	372.77	225.4
Gain (Loss) on Sale of Investments	-2.56	0.22	0.03	3.6	-	-
Gain (Loss) on Sale of Assets	-0.06	-0.06	0.01	0.03	-	-1.98
Asset Writedown	-15.27	-	-	-	-	-
Other Unusual Items	1.16	15.18	0.63	13.38	8.35	-7.33
Pretax Income	94.82	171.36	349.06	709.92	381.12	216.09
Income Tax Expense	8.49	14.21	36.73	97.48	42.64	28.43
Earnings From Continuing Operations	86.33	157.15	312.33	612.44	338.48	187.66
Minority Interest in Earnings	11.99	12.89	-24.63	-1.83	-35.46	-10.73
Net Income	98.32	170.04	287.7	610.61	303.02	176.92
Net Income to Common	98.32	170.04	287.7	610.61	303.02	176.92
Net Income Growth	-17.55%	-40.90%	-52.88%	101.51%	71.27%	67.80%
Shares Outstanding (Basic)	200	200	200	200	167	150
Shares Outstanding (Diluted)	200	200	200	200	167	150
Shares Change	-0.05%	-	-0.00%	20.00%	11.11%	181.48%
EPS (Basic)	0.49	0.85	1.44	3.05	1.82	1.18
EPS (Diluted)	0.49	0.85	1.44	3.05	1.82	1.18
EPS Growth	-17.50%	-40.90%	-52.88%	67.92%	54.14%	-40.39%

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	489.67	465.08	-428.97	-369.15	-371.29	-66
Free Cash Flow Per Share	2.45	2.33	-2.15	-1.85	-2.23	-0.44
Dividend Per Share	0.170	0.170	0.163	0.703	0.379	-
Dividend Growth	4.29%	4.29%	-76.81%	85.49%	-	-
Gross Margin	60.97%	59.11%	66.02%	73.48%	76.98%	73.55%
Operating Margin	24.43%	18.33%	30.78%	49.22%	48.37%	46.20%
Profit Margin	16.10%	22.04%	28.67%	47.07%	38.91%	35.22%
Free Cash Flow Margin	80.18%	60.27%	-42.75%	-28.46%	-47.67%	-13.14%
EBITDA	191.34	194.71	354.14	667.21	395.68	247.71
EBITDA Margin	31.33%	25.23%	35.29%	51.44%	50.80%	49.31%
D&A For EBITDA	42.14	53.26	45.31	28.73	18.96	15.61
EBIT	149.21	141.45	308.83	638.49	376.72	232.1
EBIT Margin	24.43%	18.33%	30.78%	49.22%	48.37%	46.20%
Effective Tax Rate	8.96%	8.29%	10.52%	13.73%	11.19%	13.16%
Revenue as Reported	306.97	771.62	1,003	1,297	778.87	502.33
Advertising Expenses	-	-	-	-	0.06	0.03