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	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	826.58	935.65	933.04	1,027	974.14	1,083
Other Revenue	9.7	14.09	8.88	37.14	27.12	19.86
Revenue	836.28	949.74	941.92	1,064	1,001	1,103
Revenue Growth	-18.71%	0.83%	-11.48%	6.27%	-9.22%	30.81%
Cost of Revenue	320.38	330.72	360.45	321.43	279.05	230.42
Gross Profit	515.9	619.03	581.48	742.65	722.22	872.6
Selling, General & Admin	151.3	160.28	169.4	213.2	219.26	201.91
Research & Development	110.36	96.41	86.12	88.51	102.75	80
Other Operating Expenses	-6.06	1.28	-0.93	-0.82	6.29	5.92
Operating Expenses	246.52	247.8	266.47	385.36	339.01	296.9
Operating Income	269.37	371.23	315.01	357.29	383.21	575.71
Interest Expense	-	-	-4.77	-8.16	-5.45	-1.81
Interest & Investment Income	33.51	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)	15.85	1.15	-0.72	-0.21	-0.2	-0.27
EBT Excluding Unusual Items	317.85	435.31	382.69	443.1	453.25	645.48
Impairment of Goodwill	-	-	-3.31	-	-	-
Gain (Loss) on Sale of Investments	38.34	33.27	30.99	-10.19	1.44	-
Gain (Loss) on Sale of Assets	-0.06	-	0.93	-	-	-
Asset Writedown	-10.31	-1.28	-0.86	-1.72	-0.14	-1.57
Legal Settlements	-	-	-	-	-	0.82
Other Unusual Items	10.88	14.24	27.7	26.39	12.06	15.32
Pretax Income	356.7	481.54	438.13	457.58	466.61	660.05
Income Tax Expense	44.32	64.6	56.64	62	57.46	89.41
Earnings From Continuing Operations	312.39	416.94	381.49	395.58	409.15	570.64
Minority Interest in Earnings	2.16	1.78	0.86	0.35	0.37	0.11
Net Income	314.55	418.72	382.35	395.93	409.52	570.74
Net Income to Common	314.55	418.72	382.35	395.93	409.52	570.74
Net Income Growth	-30.04%	9.51%	-3.43%	-3.32%	-28.25%	27.45%
Shares Outstanding (Basic)	463	465	466	466	465	464
Shares Outstanding (Diluted)	463	465	466	466	465	464
Shares Change	-1.33%	-0.22%	0.10%	0.10%	0.29%	20.20%
EPS (Basic)	0.68	0.90	0.82	0.85	0.88	1.23
EPS (Diluted)	0.68	0.90	0.82	0.85	0.88	1.23
EPS Growth	-29.10%	9.76%	-3.53%	-3.41%	-28.46%	6.03%

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	281.88	344.66	285.74	433.53	320.86	156.82
Free Cash Flow Per Share	0.61	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%	0%	126.32%	0%	-34.48%
Gross Margin	61.69%	65.18%	61.73%	69.79%	72.13%	79.11%
Operating Margin	32.21%	39.09%	33.44%	33.58%	38.27%	52.19%
Profit Margin	37.61%	44.09%	40.59%	37.21%	40.90%	51.74%
Free Cash Flow Margin	33.71%	36.29%	30.34%	40.74%	32.05%	14.22%
EBITDA	387.59	482.99	423.23	470.54	480.16	638.35
EBITDA Margin	46.35%	50.85%	44.93%	44.22%	47.95%	57.87%
D&A For EBITDA	118.22	111.76	108.22	113.24	96.95	62.64
EBIT	269.37	371.23	315.01	357.29	383.21	575.71
EBIT Margin	32.21%	39.09%	33.44%	33.58%	38.27%	52.19%
Effective Tax Rate	12.42%	13.41%	12.93%	13.55%	12.31%	13.55%
Revenue as Reported	462.45	949.74	941.92	1,064	1,001	1,103
Advertising Expenses	-	25.46	25.7	34.1	2.87	2.96