SHA:688479 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	511.22	594.81	735.81	661.55	589.06
Revenue Growth (YoY)	-14.05%	-19.16%	11.22%	12.31%	23.73%
Cost of Revenue	-	387.74	484.72	401.05	332.04
Gross Profit	511.22	207.07	251.09	260.51	257.02
Selling, General & Admin	-	66.62	69.99	58.2	54.09
Research & Development	-	95.62	94.46	90.56	80.51
Other Operating Expenses	471.29	2.18	1.6	-0.06	0.79
Operating Expenses	471.29	168.44	176.46	162.57	139.51
Operating Income	39.94	38.63	74.63	97.94	117.51
Interest Expense	-	-0.09	-0.19	-0.24	-0.41
Interest & Investment Income	-	10.06	7.09	3.97	3.4
Other Non Operating Income (Expenses)	0.28	-0.11	0.35	-0.11	-0.13
EBT Excluding Unusual Items	40.22	48.49	81.88	101.56	120.37
Gain (Loss) on Sale of Investments	-	20.71	27.95	6.37	7.99
Gain (Loss) on Sale of Assets	-	0.01	0.02	-	-
Other Unusual Items	-	12.4	10.94	9.91	9.02
Pretax Income	40.22	81.61	120.79	117.85	137.38
Income Tax Expense	-2.45	0.9	5.99	10.07	15.08
Net Income	42.67	80.71	114.81	107.78	122.3
Net Income to Common	42.67	80.71	114.81	107.78	122.3
Net Income Growth	-47.13%	-29.70%	6.52%	-11.87%	44.17%
Shares Outstanding (Basic)	142	144	128	103	102
Shares Outstanding (Diluted)	142	144	129	107	104
Shares Change (YoY)	-1.31%	11.73%	20.88%	2.21%	2.36%
EPS (Basic)	0.30	0.56	0.90	1.05	1.20
EPS (Diluted)	0.30	0.56	0.89	1.01	1.17
EPS Growth	-46.43%	-37.08%	-11.88%	-13.68%	46.25%
Free Cash Flow	-	-77.82	51.37	50.23	122.34
Free Cash Flow Per Share	-	-0.54	0.40	0.47	1.17
Dividend Per Share	-	0.500	0.500	-	-
Gross Margin	100.00%	34.81%	34.12%	39.38%	43.63%
Operating Margin	7.81%	6.49%	10.14%	14.80%	19.95%
Profit Margin	8.35%	13.57%	15.60%	16.29%	20.76%
Free Cash Flow Margin	-	-13.08%	6.98%	7.59%	20.77%
EBITDA	42.01	40.7	76	99.11	118.66
EBITDA Margin	8.22%	6.84%	10.33%	14.98%	20.14%
D&A For EBITDA	2.07	2.07	1.36	1.16	1.14
EBIT	39.94	38.63	74.63	97.94	117.51
EBIT Margin	7.81%	6.49%	10.14%	14.80%	19.95%
Effective Tax Rate	-	1.10%	4.96%	8.54%	10.98%

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