SHA:688526 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	918	935.65	933.04	1,027	974.14	1,083
Other Revenue	14.09	14.09	8.88	37.14	27.12	19.86
Revenue	932.09	949.74	941.92	1,064	1,001	1,103
Revenue Growth (YoY)	-5.10%	0.83%	-11.48%	6.27%	-9.22%	30.81%
Cost of Revenue	328.96	330.72	360.45	321.43	279.05	230.42
Gross Profit	603.13	619.03	581.48	742.65	722.22	872.6
Selling, General & Admin	154.26	160.28	169.4	213.2	219.26	201.91
Research & Development	100.18	96.41	86.12	88.51	102.75	80
Other Operating Expenses	-1.15	1.28	-0.93	-0.82	6.29	5.92
Operating Expenses	243.13	247.8	266.47	385.36	339.01	296.9
Operating Income	360	371.23	315.01	357.29	383.21	575.71
Interest Expense	-	-	-4.77	-8.16	-5.45	-1.81
Interest & Investment Income	66.26	63.83	73.17	94.12	75.69	71.86
Currency Exchange Gain (Loss)	-0.89	-0.89	0	0.05	-	-
Other Non Operating Income (Expenses)	-21.19	1.15	-0.72	-0.21	-0.2	-0.27
EBT Excluding Unusual Items	404.18	435.31	382.69	443.1	453.25	645.48
Impairment of Goodwill	-	-	-3.31	-	-	-
Gain (Loss) on Sale of Investments	31	33.27	30.99	-10.19	1.44	-
Gain (Loss) on Sale of Assets	-	-	0.93	-	-	-
Asset Writedown	-3.27	-1.28	-0.86	-1.72	-0.14	-1.57
Legal Settlements	-	-	-	-	-	0.82
Other Unusual Items	14.24	14.24	27.7	26.39	12.06	15.32
Pretax Income	446.15	481.54	438.13	457.58	466.61	660.05
Income Tax Expense	58.31	64.6	56.64	62	57.46	89.41
Earnings From Continuing Operations	387.84	416.94	381.49	395.58	409.15	570.64
Minority Interest in Earnings	1.88	1.78	0.86	0.35	0.37	0.11
Net Income	389.72	418.72	382.35	395.93	409.52	570.74
Net Income to Common	389.72	418.72	382.35	395.93	409.52	570.74
Net Income Growth	-3.38%	9.51%	-3.43%	-3.32%	-28.25%	27.45%
Shares Outstanding (Basic)	464	465	466	466	465	464
Shares Outstanding (Diluted)	464	465	466	466	465	464
Shares Change (YoY)	0.29%	-0.22%	0.10%	0.10%	0.29%	20.20%
EPS (Basic)	0.84	0.90	0.82	0.85	0.88	1.23
EPS (Diluted)	0.84	0.90	0.82	0.85	0.88	1.23
EPS Growth	-3.66%	9.76%	-3.53%	-3.41%	-28.46%	6.03%
Free Cash Flow	259.74	344.66	285.74	433.53	320.86	156.82
Free Cash Flow Per Share	0.56	0.74	0.61	0.93	0.69	0.34
Dividend Per Share	0.640	0.640	0.430	0.430	0.190	0.190
Dividend Growth	48.84%	48.84%	-	126.32%	-	-34.48%
Gross Margin	64.71%	65.18%	61.73%	69.79%	72.13%	79.11%
Operating Margin	38.62%	39.09%	33.44%	33.58%	38.27%	52.19%
Profit Margin	41.81%	44.09%	40.59%	37.21%	40.90%	51.74%
Free Cash Flow Margin	27.87%	36.29%	30.34%	40.74%	32.05%	14.22%
EBITDA	472.65	482.99	423.23	470.54	480.16	638.35
EBITDA Margin	50.71%	50.85%	44.93%	44.22%	47.95%	57.87%
D&A For EBITDA	112.65	111.76	108.22	113.24	96.95	62.64
EBIT	360	371.23	315.01	357.29	383.21	575.71
EBIT Margin	38.62%	39.09%	33.44%	33.58%	38.27%	52.19%
Effective Tax Rate	13.07%	13.41%	12.93%	13.55%	12.31%	13.55%
Revenue as Reported	949.74	949.74	941.92	1,064	1,001	1,103
Advertising Expenses	-	25.46	25.7	34.1	2.87	2.96

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