SHA:688522 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	Mar '26 Mar 31, 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	500.94	460.21	345.05	212.44	209.87	183
Other Revenue	0.68	0.68	0.22	0.05	0.14	0.04
Revenue	501.62	460.89	345.28	212.49	210.01	183.03
Revenue Growth (YoY)	34.85%	33.48%	62.49%	1.18%	14.74%	39.41%
Cost of Revenue	179.29	165.05	124.67	51.2	40.28	36.09
Gross Profit	322.33	295.85	220.61	161.29	169.73	146.94
Selling, General & Admin	91.2	83.13	60.07	56.3	30.85	21.43
Research & Development	116.95	107.57	78.48	57.18	42.28	31.8
Other Operating Expenses	-14.19	-17.03	-15.07	-7.49	-4.81	-3.67
Operating Expenses	242.94	220.96	161.78	133.4	79.89	56.55
Operating Income	79.39	74.88	58.82	27.89	89.84	90.39
Interest Expense	-0.09	-0.11	-0.99	-2.17	-0.98	-0.31
Interest & Investment Income	35.29	37.75	35.39	38.52	4.41	3.64
Currency Exchange Gain (Loss)	-0.01	-0.01	0.04	-0.02	0.06	-0.01
Other Non Operating Income (Expenses)	-1.58	-1.54	-0.2	-0.07	-0.01	-0.07
EBT Excluding Unusual Items	113	110.97	93.06	64.15	93.32	93.63
Gain (Loss) on Sale of Investments	1.81	-0.01	0.6	-	-	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.05	0.02	-	-0
Asset Writedown	0.89	-	-8.55	-	-	-
Other Unusual Items	0.19	1	-6.74	1.37	23.9	15.24
Pretax Income	115.89	111.96	78.33	65.54	117.22	108.87
Income Tax Expense	1.66	2.48	1.72	2.24	11.26	12.26
Net Income	114.23	109.48	76.61	63.3	105.95	96.62
Net Income to Common	114.23	109.48	76.61	63.3	105.95	96.62
Net Income Growth	21.46%	42.90%	21.03%	-40.26%	9.66%	45.09%
Shares Outstanding (Basic)	300	304	306	295	228	228
Shares Outstanding (Diluted)	300	304	306	295	228	228
Shares Change (YoY)	-3.15%	-0.77%	3.74%	29.44%	0.03%	0.34%
EPS (Basic)	0.38	0.36	0.25	0.21	0.46	0.42
EPS (Diluted)	0.38	0.36	0.25	0.21	0.46	0.42
EPS Growth	25.41%	44.00%	16.66%	-53.84%	9.63%	45.63%
Free Cash Flow	-61.67	-20.27	34.68	-60.06	10.47	24.16
Free Cash Flow Per Share	-0.20	-0.07	0.11	-0.20	0.05	0.11
Dividend Per Share	0.110	0.110	0.100	0.076	0.255	-
Dividend Growth	10.00%	10.00%	30.72%	-70.01%	-	-
Gross Margin	64.26%	64.19%	63.89%	75.90%	80.82%	80.28%
Operating Margin	15.83%	16.25%	17.04%	13.13%	42.78%	49.39%
Profit Margin	22.77%	23.75%	22.19%	29.79%	50.45%	52.79%
Free Cash Flow Margin	-12.29%	-4.40%	10.04%	-28.27%	4.98%	13.20%
EBITDA	103.79	99.36	83.65	46.46	105.48	101.13
EBITDA Margin	20.69%	21.56%	24.23%	21.87%	50.22%	55.25%
D&A For EBITDA	24.4	24.48	24.83	18.57	15.64	10.73
EBIT	79.39	74.88	58.82	27.89	89.84	90.39
EBIT Margin	15.83%	16.25%	17.04%	13.13%	42.78%	49.39%
Effective Tax Rate	1.43%	2.21%	2.19%	3.42%	9.61%	11.26%
Revenue as Reported	501.62	460.89	345.28	212.49	210.01	183.03
Advertising Expenses	-	8.94	4.64	6.97	2.35	1.93

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