SHA:688501 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,675	2,009	1,314	1,029	760.84	626.75
Other Revenue	0.83	0.02	0.09	0.22	1.31	1.17
Revenue	1,676	2,009	1,314	1,029	762.16	627.92
Revenue Growth	-15.61%	52.90%	27.67%	35.04%	21.38%	12.62%
Cost of Revenue	1,176	1,461	883.63	697.86	505.62	429.41
Gross Profit	499.58	548.41	430.41	331.37	256.54	198.51
Selling, General & Admin	233.4	227.27	214.69	152.74	113.51	86.2
Research & Development	65.89	72.92	57.46	50.71	32.66	31.25
Other Operating Expenses	6.32	1.12	3.65	3.62	3.94	5.3
Operating Expenses	338.09	319.03	301.2	233.04	164.05	126.77
Operating Income	161.48	229.38	129.21	98.34	92.49	71.74
Interest Expense	-18.78	-19.47	-21.01	-13.16	-11.83	-11.24
Interest & Investment Income	2.48	3.42	1.33	1.72	4.22	1.14
Currency Exchange Gain (Loss)	-2.71	-1.35	0.7	-0.25	0.02	-0.12
Other Non Operating Income (Expenses)	-2.78	-1.86	-1.59	-1.19	-1.6	-1.38
EBT Excluding Unusual Items	139.69	210.12	108.64	85.46	83.28	60.13
Impairment of Goodwill	-	-	-1.98	-	-	-
Gain (Loss) on Sale of Investments	-0.11	-	-	-	-	0.39
Gain (Loss) on Sale of Assets	0.07	0.01	-0.15	0.08	-0.01	0.73
Asset Writedown	-3.37	-5.15	-4.35	4.44	-4.58	-6.24
Other Unusual Items	8.07	5.58	13.92	9.2	0.26	16.23
Pretax Income	144.36	210.57	116.08	99.18	78.95	71.24
Income Tax Expense	24.62	30.23	19.77	6.79	8.45	7.57
Earnings From Continuing Operations	119.74	180.34	96.31	92.4	70.5	63.67
Minority Interest in Earnings	-0.91	-5.4	-3.33	-5.72	-11.94	-7.78
Net Income	118.83	174.94	92.97	86.68	58.56	55.89
Net Income to Common	118.83	174.94	92.97	86.68	58.56	55.89
Net Income Growth	-32.99%	88.16%	7.26%	48.02%	4.79%	17.04%
Shares Outstanding (Basic)	173	172	171	173	171	147
Shares Outstanding (Diluted)	173	172	171	173	171	147
Shares Change	2.54%	0.71%	-1.21%	1.51%	15.85%	13.65%
EPS (Basic)	0.69	1.01	0.54	0.50	0.34	0.38
EPS (Diluted)	0.69	1.01	0.54	0.50	0.34	0.38
EPS Growth	-34.65%	86.83%	8.58%	45.81%	-9.55%	2.99%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Free Cash Flow	-151.82	6.39	-515.42	-57.29	4.25	-73.77
Free Cash Flow Per Share	-0.88	0.04	-3.01	-0.33	0.03	-0.50
Dividend Per Share	0.200	0.200	0.171	0.157	0.055	0.099
Dividend Growth	16.69%	16.69%	9.10%	186.16%	-44.49%	-
Gross Margin	29.81%	27.30%	32.76%	32.20%	33.66%	31.61%
Operating Margin	9.63%	11.42%	9.83%	9.55%	12.13%	11.43%
Profit Margin	7.09%	8.71%	7.07%	8.42%	7.68%	8.90%
Free Cash Flow Margin	-9.06%	0.32%	-39.22%	-5.57%	0.56%	-11.75%
EBITDA	190.58	257.86	152.54	113.72	104.15	80.79
EBITDA Margin	11.37%	12.83%	11.61%	11.05%	13.67%	12.87%
D&A For EBITDA	29.09	28.48	23.33	15.39	11.67	9.05
EBIT	161.48	229.38	129.21	98.34	92.49	71.74
EBIT Margin	9.63%	11.42%	9.83%	9.55%	12.13%	11.43%
Effective Tax Rate	17.05%	14.36%	17.03%	6.84%	10.70%	10.63%
Revenue as Reported	1,676	2,009	1,314	1,029	762.16	627.92
Advertising Expenses	-	3.58	4.07	3.31	1.24	2.41