SHA:688508 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	1,168	1,139	960.81	773.55	713.17	747.63
Other Revenue	3.89	3.89	3.78	6.83	6.42	5.54
Revenue	1,172	1,143	964.6	780.38	719.59	753.17
Revenue Growth	2.13%	18.47%	23.61%	8.45%	-4.46%	75.44%
Cost of Revenue	816.76	783.67	643.3	501.85	427.57	429.61
Gross Profit	355.05	359.05	321.29	278.53	292.02	323.56
Selling, General & Admin	92.67	73.39	54.42	61.88	58.03	36.79
Research & Development	274.29	258.28	226.13	211.07	189.09	131.74
Other Operating Expenses	-15.1	-15.98	-13.78	-1.02	3.16	5.01
Operating Expenses	353.51	316.94	267.8	273.5	251.14	171.45
Operating Income	1.55	42.11	53.5	5.03	40.88	152.11
Interest Expense	-7.4	-6.89	-6.42	-4	-0.58	-0.29
Interest & Investment Income	29.18	27.63	27.11	1,419	21.42	25.02
Currency Exchange Gain (Loss)	-0.52	-0.52	0.2	0.24	1.24	-0.12
Other Non Operating Income (Expenses)	-0.05	0.07	-0.82	-1,394	-0.51	-0.04
EBT Excluding Unusual Items	22.76	62.4	73.57	25.99	62.46	176.68
Gain (Loss) on Sale of Investments	232.83	112.83	24.04	4.65	-1	0.32
Gain (Loss) on Sale of Assets	0.01	-0.07	-0.19	-0	-0.04	0.01
Asset Writedown	-16.37	-	-	-	-	-
Other Unusual Items	9.93	9.93	4.42	12.63	17.8	34.88
Pretax Income	249.16	185.09	101.84	43.27	79.22	211.89
Income Tax Expense	-4.22	-0.35	-7.21	-12.96	-9.62	10.76
Earnings From Continuing Operations	253.38	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	253.38	186.3	111.33	59.48	89.84	201.28
Net Income to Common	253.38	186.3	111.33	59.48	89.84	201.28
Net Income Growth	60.47%	67.34%	87.18%	-33.80%	-55.36%	101.81%
Shares Outstanding (Basic)	129	128	128	119	114	113
Shares Outstanding (Diluted)	129	128	128	119	114	113
Shares Change	1.76%	0.40%	7.57%	4.60%	0.57%	17.91%
EPS (Basic)	1.96	1.45	0.87	0.50	0.79	1.78
EPS (Diluted)	1.96	1.45	0.87	0.50	0.79	1.78
EPS Growth	57.70%	66.67%	74.00%	-36.71%	-55.62%	71.15%

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	-111.79	-73.75	6.22	-41.08	12.81	215.78
Free Cash Flow Per Share	-0.86	-0.57	0.05	-0.34	0.11	1.91
Dividend Per Share	0.450	0.450	0.400	0.150	0.250	0.600
Dividend Growth	12.50%	12.50%	166.67%	-40.00%	-58.33%	100.00%
Gross Margin	30.30%	31.42%	33.31%	35.69%	40.58%	42.96%
Operating Margin	0.13%	3.69%	5.55%	0.65%	5.68%	20.20%
Profit Margin	21.62%	16.30%	11.54%	7.62%	12.48%	26.72%
Free Cash Flow Margin	-9.54%	-6.45%	0.65%	-5.26%	1.78%	28.65%
EBITDA	30.04	67.48	84.76	31	59.51	163.15
EBITDA Margin	2.56%	5.91%	8.79%	3.97%	8.27%	21.66%
D&A For EBITDA	28.5	25.37	31.27	25.97	18.63	11.04
EBIT	1.55	42.11	53.5	5.03	40.88	152.11
EBIT Margin	0.13%	3.69%	5.55%	0.65%	5.68%	20.20%
Effective Tax Rate	-	-	-	-	-	5.08%
Revenue as Reported	1,172	1,143	964.6	780.38	719.59	753.17