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	601.43	250.34	137.77	281.64	232.11
Other Revenue	-	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	-	190.43	100.08	108.9	80.88
Gross Profit	601.43	61.74	44.32	174.01	151.23
Selling, General & Admin	-	44.55	34.26	42.47	28.94
Research & Development	-	54.52	30.95	27.09	18.49
Other Operating Expenses	387.68	2.84	2.83	1.88	1.77
Operating Expenses	387.68	98.98	71.13	74.38	51.15
Operating Income	213.75	-37.24	-26.81	99.63	100.08
Interest Expense	-	-0.19	-0.08	-0.11	-0.16
Interest & Investment Income	-	20.06	26.73	1.7	6.1
Currency Exchange Gain (Loss)	-	-0.45	-0.04	0.06	-
Other Non Operating Income (Expenses)	0.02	-0.05	-0.06	-0.09	-0.1
EBT Excluding Unusual Items	213.77	-17.86	-0.25	101.18	105.92
Gain (Loss) on Sale of Investments	-	0.75	4.06	0.62	1.06
Gain (Loss) on Sale of Assets	-	0.08	0.02	-0.17	-0.16
Other Unusual Items	-	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)	85	88	72	63	63
Shares Change (YoY)	-2.73%	21.45%	14.56%	0.08%	-0.12%
EPS (Basic)	2.24	-0.07	0.27	1.59	1.51
EPS (Diluted)	2.24	-0.07	0.27	1.59	1.51
EPS Growth	-	-	-83.05%	5.19%	21.14%
Free Cash Flow	-	-87	-84.63	-71.53	-70.59
Free Cash Flow Per Share	-	-0.99	-1.17	-1.14	-1.12
Dividend Per Share	-	0.200	0.100	0.464	-
Dividend Growth	-	100.00%	-78.46%	-	-
Gross Margin	100.00%	24.48%	30.69%	61.51%	65.15%
Operating Margin	35.54%	-14.77%	-18.56%	35.22%	43.12%
Profit Margin	31.75%	-2.43%	13.49%	35.46%	41.05%
Free Cash Flow Margin	-	-34.50%	-58.61%	-25.28%	-30.41%
EBITDA	261.12	10.14	14.33	126.95	120.54
EBITDA Margin	43.42%	4.02%	9.93%	44.88%	51.93%
D&A For EBITDA	47.37	47.37	41.14	27.33	20.46
EBIT	213.75	-37.24	-26.81	99.63	100.08
EBIT Margin	35.54%	-14.77%	-18.56%	35.22%	43.12%
Effective Tax Rate	10.69%	-	-	8.83%	12.66%
Revenue as Reported	-	252.17	144.4	282.91	232.11
Advertising Expenses	-	1.51	0.25	0.6	0.59

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