SHA:688498 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	600.81	250.34	137.77	281.64	232.11
Other Revenue	0.63	1.83	6.64	1.26	-
Revenue	601.43	252.17	144.4	282.91	232.11
Revenue Growth (YoY)	138.50%	74.63%	-48.96%	21.89%	-0.54%
Cost of Revenue	261.93	190.43	100.08	108.9	80.88
Gross Profit	339.51	61.74	44.32	174.01	151.23
Selling, General & Admin	68.71	44.55	34.26	42.47	28.94
Research & Development	80.84	54.52	30.95	27.09	18.49
Other Operating Expenses	-0.11	2.84	2.83	1.88	1.77
Operating Expenses	155.12	98.98	71.13	74.38	51.15
Operating Income	184.39	-37.24	-26.81	99.63	100.08
Interest Expense	-2.12	-0.19	-0.08	-0.11	-0.16
Interest & Investment Income	29.33	20.06	26.73	1.7	6.1
Currency Exchange Gain (Loss)	-4.05	-0.45	-0.04	0.06	-
Other Non Operating Income (Expenses)	-0.14	-0.05	-0.06	-0.09	-0.1
EBT Excluding Unusual Items	207.42	-17.86	-0.25	101.18	105.92
Gain (Loss) on Sale of Investments	0.02	0.75	4.06	0.62	1.06
Gain (Loss) on Sale of Assets	-0.02	0.08	0.02	-0.17	-0.16
Other Unusual Items	6.35	1.72	14.33	8.4	2.28
Pretax Income	213.77	-15.31	18.15	110.03	109.1
Income Tax Expense	22.85	-9.18	-1.33	9.71	13.82
Net Income	190.92	-6.13	19.48	100.32	95.29
Net Income to Common	190.92	-6.13	19.48	100.32	95.29
Net Income Growth	-	-	-80.58%	5.28%	20.86%
Shares Outstanding (Basic)	85	88	72	63	63
Shares Outstanding (Diluted)	86	88	72	63	63
Shares Change (YoY)	-2.30%	21.45%	14.56%	0.08%	-0.12%
EPS (Basic)	2.24	-0.07	0.27	1.59	1.51
EPS (Diluted)	2.23	-0.07	0.27	1.59	1.51
EPS Growth	-	-	-83.05%	5.19%	21.14%
Free Cash Flow	-259.18	-87	-84.63	-71.53	-70.59
Free Cash Flow Per Share	-3.03	-0.99	-1.17	-1.14	-1.12
Dividend Per Share	1.000	0.200	0.100	0.464	-
Dividend Growth	400.00%	100.00%	-78.46%	-	-
Gross Margin	56.45%	24.48%	30.69%	61.51%	65.15%
Operating Margin	30.66%	-14.77%	-18.56%	35.22%	43.12%
Profit Margin	31.75%	-2.43%	13.49%	35.46%	41.05%
Free Cash Flow Margin	-43.09%	-34.50%	-58.61%	-25.28%	-30.41%
EBITDA	242.35	12.47	14.33	126.95	120.54
EBITDA Margin	40.30%	4.95%	9.93%	44.88%	51.93%
D&A For EBITDA	57.96	49.71	41.14	27.33	20.46
EBIT	184.39	-37.24	-26.81	99.63	100.08
EBIT Margin	30.66%	-14.77%	-18.56%	35.22%	43.12%
Effective Tax Rate	10.69%	-	-	8.83%	12.66%
Revenue as Reported	601.43	252.17	144.4	282.91	232.11
Advertising Expenses	0.51	1.51	0.25	0.6	0.59

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