SHA:688523 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	536.44	507.75	455.65	398.86	305.3	263.97
Other Revenue	0.29	0.29	0.56	2.55	0.61	1.58
Revenue	536.74	508.04	456.2	401.42	305.91	265.55
Revenue Growth (YoY)	2.37%	11.36%	13.65%	31.22%	15.20%	31.38%
Cost of Revenue	309.56	289.92	228.67	162.82	113.66	83.61
Gross Profit	227.18	218.12	227.53	238.6	192.26	181.95
Selling, General & Admin	42.86	48.12	45.33	46.06	46.03	37.48
Research & Development	75.44	60.45	48.11	45.15	42.14	30.65
Other Operating Expenses	-1.37	4.17	7.95	-2.57	5.61	5.1
Operating Expenses	127.92	126.29	117	100.6	102.94	76.3
Operating Income	99.26	91.83	110.53	138	89.32	105.64
Interest Expense	-3.43	-1.94	-0.47	-0.79	-1.85	-3.2
Interest & Investment Income	6.03	8.04	11.71	0.28	0.18	0.28
Other Non Operating Income (Expenses)	-2.19	-0.22	-0.14	-0.23	-0.09	-0.36
EBT Excluding Unusual Items	99.68	97.71	121.63	137.26	87.56	102.36
Gain (Loss) on Sale of Investments	1.99	5.24	0.74	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.34	-0.01	-0.02	-	-
Asset Writedown	-4.69	-	-	-	-0	-0
Other Unusual Items	16.55	16.55	33.32	-1.59	6.2	0.27
Pretax Income	113.53	119.84	155.69	135.65	93.76	102.63
Income Tax Expense	9.72	8.27	17.45	7.46	8.85	13.31
Earnings From Continuing Operations	103.81	111.57	138.24	128.19	84.91	89.32
Minority Interest in Earnings	-1.96	-10	-3.86	-5.62	-1.58	-2.4
Net Income	101.85	101.57	134.38	122.57	83.32	86.92
Net Income to Common	101.85	101.57	134.38	122.57	83.32	86.92
Net Income Growth	-24.31%	-24.42%	9.63%	47.10%	-4.13%	30.36%
Shares Outstanding (Basic)	404	405	390	366	366	366
Shares Outstanding (Diluted)	404	405	390	366	366	366
Shares Change (YoY)	-2.51%	3.88%	6.51%	0.01%	-0.01%	0.01%
EPS (Basic)	0.25	0.25	0.34	0.33	0.23	0.24
EPS (Diluted)	0.25	0.25	0.34	0.33	0.23	0.24
EPS Growth	-22.36%	-27.24%	2.93%	47.08%	-4.13%	30.35%
Free Cash Flow	-200.62	-229.59	-137.81	-47.15	-41.64	-56.32
Free Cash Flow Per Share	-0.50	-0.57	-0.35	-0.13	-0.11	-0.15
Dividend Per Share	-	-	0.200	-	-	-
Gross Margin	42.33%	42.93%	49.88%	59.44%	62.85%	68.52%
Operating Margin	18.49%	18.07%	24.23%	34.38%	29.20%	39.78%
Profit Margin	18.98%	19.99%	29.46%	30.54%	27.24%	32.73%
Free Cash Flow Margin	-37.38%	-45.19%	-30.21%	-11.75%	-13.61%	-21.21%
EBITDA	141.36	128.24	139.37	159.07	107.49	123.17
EBITDA Margin	26.34%	25.24%	30.55%	39.63%	35.14%	46.38%
D&A For EBITDA	42.09	36.41	28.84	21.07	18.17	17.53
EBIT	99.26	91.83	110.53	138	89.32	105.64
EBIT Margin	18.49%	18.07%	24.23%	34.38%	29.20%	39.78%
Effective Tax Rate	8.56%	6.90%	11.21%	5.50%	9.44%	12.96%
Revenue as Reported	536.74	508.04	456.2	401.42	305.91	265.55

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.