SHA:688480 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	1,017	924.44	806.73	548.03	384.32	406.25
Other Revenue	2.75	2.75	1.68	0.16	0.32	0.14
Revenue	1,020	927.19	808.4	548.19	384.63	406.4
Revenue Growth (YoY)	2.68%	14.69%	47.47%	42.52%	-5.36%	-6.13%
Cost of Revenue	674.94	605.36	575.61	383.76	265	274.54
Gross Profit	344.68	321.83	232.8	164.43	119.63	131.86
Selling, General & Admin	137.57	125.15	92.25	61.14	48.43	43.92
Research & Development	63.79	56.57	45.82	30.02	25.22	23.27
Other Operating Expenses	2.26	1.44	1.23	3.95	3.56	3.26
Operating Expenses	226.45	197.75	155.88	104.08	80.57	79.02
Operating Income	118.24	124.08	76.92	60.35	39.06	52.83
Interest Expense	-3.44	-3.3	-1.14	-2.26	-2.79	-3.95
Interest & Investment Income	3.96	65.21	19.79	7.96	8.75	4.37
Currency Exchange Gain (Loss)	-0.78	-0.78	-1.3	0.49	-0.27	-
Other Non Operating Income (Expenses)	1.41	-0.05	-0.38	-0.15	0.47	-0.84
EBT Excluding Unusual Items	119.39	185.15	93.89	66.38	45.21	52.42
Gain (Loss) on Sale of Assets	-1.08	-0.77	1	-0.12	-0.19	6.44
Asset Writedown	-1.63	0	-	-	-	-0.01
Other Unusual Items	13.22	13.22	7.68	11.89	8.45	8.19
Pretax Income	129.9	197.61	102.57	78.15	53.47	67.04
Income Tax Expense	12.95	11.66	7.51	7.38	4.91	7.53
Earnings From Continuing Operations	116.95	185.96	95.07	70.77	48.57	59.51
Minority Interest in Earnings	-5.42	-5.2	-4.74	-4.54	-3.94	-3.74
Net Income	111.53	180.76	90.33	66.23	44.63	55.77
Net Income to Common	111.53	180.76	90.33	66.23	44.63	55.77
Net Income Growth	-37.81%	100.11%	36.39%	48.39%	-19.98%	82.58%
Shares Outstanding (Basic)	95	95	95	73	71	72
Shares Outstanding (Diluted)	95	95	95	73	71	72
Shares Change (YoY)	0.34%	0.06%	30.65%	2.73%	-0.93%	2.99%
EPS (Basic)	1.17	1.90	0.95	0.91	0.63	0.78
EPS (Diluted)	1.17	1.90	0.95	0.91	0.63	0.78
EPS Growth	-38.02%	100.00%	4.40%	44.44%	-19.23%	77.27%
Free Cash Flow	-10.57	-17.85	42.46	22	82.07	36.72
Free Cash Flow Per Share	-0.11	-0.19	0.45	0.30	1.16	0.51
Dividend Per Share	0.630	0.630	0.500	0.510	-	-
Dividend Growth	26.00%	26.00%	-1.96%	-	-	-
Gross Margin	33.80%	34.71%	28.80%	30.00%	31.10%	32.45%
Operating Margin	11.60%	13.38%	9.52%	11.01%	10.15%	13.00%
Profit Margin	10.94%	19.50%	11.17%	12.08%	11.60%	13.72%
Free Cash Flow Margin	-1.04%	-1.93%	5.25%	4.01%	21.34%	9.03%
EBITDA	153.71	150.48	91.23	74.6	53.62	73.13
EBITDA Margin	15.07%	16.23%	11.29%	13.61%	13.94%	18.00%
D&A For EBITDA	35.47	26.4	14.31	14.25	14.56	20.3
EBIT	118.24	124.08	76.92	60.35	39.06	52.83
EBIT Margin	11.60%	13.38%	9.52%	11.01%	10.15%	13.00%
Effective Tax Rate	9.97%	5.90%	7.32%	9.45%	9.18%	11.24%
Revenue as Reported	1,020	927.19	808.4	548.19	384.63	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.