SHA:688448 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	427.99	445.29	394.91	330.98	301.38	245.43
Other Revenue	33.2	33.2	18.65	13.19	10.23	5.8
Revenue	461.19	478.49	413.56	344.17	311.61	251.23
Revenue Growth (YoY)	2.53%	15.70%	20.16%	10.45%	24.03%	17.73%
Cost of Revenue	321.77	325.27	280.72	219.56	187.95	139.05
Gross Profit	139.41	153.22	132.84	124.61	123.65	112.18
Selling, General & Admin	66.7	63.84	54.77	51	46.74	45.11
Research & Development	40.93	43.87	40.33	34.85	24.23	19.78
Other Operating Expenses	-3.54	-9.25	-4.73	-3.88	-3.16	-1
Operating Expenses	112.01	113.5	104.25	91.61	72.74	65.71
Operating Income	27.4	39.72	28.59	33	50.91	46.47
Interest Expense	-0.1	-0.11	-0.17	-0.64	-0.49	-2.46
Interest & Investment Income	6.53	7.55	11.55	3.83	0.96	0.65
Currency Exchange Gain (Loss)	0.37	0.37	-0.01	-	-	-
Other Non Operating Income (Expenses)	-0.32	-0.02	-0.61	0.11	-0.13	0.58
EBT Excluding Unusual Items	33.89	47.5	39.34	36.3	51.26	45.25
Gain (Loss) on Sale of Investments	-	-	-	-	-0.12	-
Gain (Loss) on Sale of Assets	0	-0.1	0.03	0.32	-	0.02
Asset Writedown	0.29	-	-	-	-	-
Other Unusual Items	7.45	7.42	11.05	13.65	15.9	10.03
Pretax Income	41.64	54.83	50.42	50.27	67.03	55.3
Income Tax Expense	2.05	3.64	2.36	2.63	7.27	7.05
Earnings From Continuing Operations	39.59	51.18	48.06	47.64	59.76	48.25
Minority Interest in Earnings	0.46	0.32	-	-	-	-
Net Income	40.06	51.5	48.06	47.64	59.76	48.25
Net Income to Common	40.06	51.5	48.06	47.64	59.76	48.25
Net Income Growth	-19.05%	7.16%	0.90%	-20.29%	23.87%	17.31%
Shares Outstanding (Basic)	75	72	72	58	53	51
Shares Outstanding (Diluted)	75	72	72	58	53	51
Shares Change (YoY)	4.01%	-0.29%	23.49%	8.88%	3.96%	7.33%
EPS (Basic)	0.54	0.72	0.67	0.82	1.12	0.94
EPS (Diluted)	0.54	0.72	0.67	0.82	1.12	0.94
EPS Growth	-22.17%	7.46%	-18.29%	-26.79%	19.15%	9.30%
Free Cash Flow	-60.78	-5.39	-85.94	45.8	-17.59	38.96
Free Cash Flow Per Share	-0.81	-0.07	-1.20	0.79	-0.33	0.76
Dividend Per Share	0.300	0.300	0.450	-	-	-
Dividend Growth	-	-33.33%	-	-	-	-
Gross Margin	30.23%	32.02%	32.12%	36.21%	39.68%	44.65%
Operating Margin	5.94%	8.30%	6.91%	9.59%	16.34%	18.50%
Profit Margin	8.69%	10.76%	11.62%	13.84%	19.18%	19.20%
Free Cash Flow Margin	-13.18%	-1.13%	-20.78%	13.31%	-5.64%	15.51%
EBITDA	38.39	51.52	41.48	45.82	62.87	56.35
EBITDA Margin	8.33%	10.77%	10.03%	13.31%	20.18%	22.43%
D&A For EBITDA	10.99	11.8	12.89	12.82	11.96	9.88
EBIT	27.4	39.72	28.59	33	50.91	46.47
EBIT Margin	5.94%	8.30%	6.91%	9.59%	16.34%	18.50%
Effective Tax Rate	4.92%	6.65%	4.67%	5.24%	10.85%	12.76%
Revenue as Reported	461.19	478.49	413.56	344.17	311.61	251.23

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.