SHA:688508 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	1,139	960.81	773.55	713.17	747.63
Other Revenue	3.89	3.78	6.83	6.42	5.54
Revenue	1,143	964.6	780.38	719.59	753.17
Revenue Growth (YoY)	18.47%	23.61%	8.45%	-4.46%	75.44%
Cost of Revenue	783.67	643.3	501.85	427.57	429.61
Gross Profit	359.05	321.29	278.53	292.02	323.56
Selling, General & Admin	73.39	54.42	61.88	58.03	36.79
Research & Development	258.28	226.13	211.07	189.09	131.74
Other Operating Expenses	-15.98	-13.78	-1.02	3.16	5.01
Operating Expenses	316.94	267.8	273.5	251.14	171.45
Operating Income	42.11	53.5	5.03	40.88	152.11
Interest Expense	-6.89	-6.42	-4	-0.58	-0.29
Interest & Investment Income	27.63	27.11	1,419	21.42	25.02
Currency Exchange Gain (Loss)	-0.52	0.2	0.24	1.24	-0.12
Other Non Operating Income (Expenses)	0.07	-0.82	-1,394	-0.51	-0.04
EBT Excluding Unusual Items	62.4	73.57	25.99	62.46	176.68
Gain (Loss) on Sale of Investments	112.83	24.04	4.65	-1	0.32
Gain (Loss) on Sale of Assets	-0.07	-0.19	-0	-0.04	0.01
Other Unusual Items	9.93	4.42	12.63	17.8	34.88
Pretax Income	185.09	101.84	43.27	79.22	211.89
Income Tax Expense	-0.35	-7.21	-12.96	-9.62	10.76
Earnings From Continuing Operations	185.44	109.05	56.24	88.83	201.14
Minority Interest in Earnings	0.86	2.28	3.24	1.01	0.14
Net Income	186.3	111.33	59.48	89.84	201.28
Net Income to Common	186.3	111.33	59.48	89.84	201.28
Net Income Growth	67.34%	87.18%	-33.80%	-55.36%	101.81%
Shares Outstanding (Basic)	128	128	119	114	113
Shares Outstanding (Diluted)	128	128	119	114	113
Shares Change (YoY)	0.40%	7.57%	4.60%	0.57%	17.91%
EPS (Basic)	1.45	0.87	0.50	0.79	1.78
EPS (Diluted)	1.45	0.87	0.50	0.79	1.78
EPS Growth	66.67%	74.00%	-36.71%	-55.62%	71.15%
Free Cash Flow	-73.75	6.22	-41.08	12.81	215.78
Free Cash Flow Per Share	-0.57	0.05	-0.34	0.11	1.91
Dividend Per Share	0.450	0.400	0.150	0.250	0.600
Dividend Growth	12.50%	166.67%	-40.00%	-58.33%	100.00%
Gross Margin	31.42%	33.31%	35.69%	40.58%	42.96%
Operating Margin	3.69%	5.55%	0.65%	5.68%	20.20%
Profit Margin	16.30%	11.54%	7.62%	12.48%	26.72%
Free Cash Flow Margin	-6.45%	0.65%	-5.26%	1.78%	28.65%
EBITDA	67.48	84.76	31	59.51	163.15
EBITDA Margin	5.91%	8.79%	3.97%	8.27%	21.66%
D&A For EBITDA	25.37	31.27	25.97	18.63	11.04
EBIT	42.11	53.5	5.03	40.88	152.11
EBIT Margin	3.69%	5.55%	0.65%	5.68%	20.20%
Effective Tax Rate	-	-	-	-	5.08%
Revenue as Reported	1,143	964.6	780.38	719.59	753.17

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