SHA:688543 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,407	1,200	1,036	835.61	671.39
Other Revenue	3.7	4	4.12	1.61	1.08
Revenue	1,410	1,204	1,040	837.22	672.47
Revenue Growth (YoY)	17.09%	15.78%	24.25%	24.50%	17.08%
Cost of Revenue	934.12	790.18	703.86	526.3	437.94
Gross Profit	476.17	414.26	336.39	310.92	234.53
Selling, General & Admin	124.93	106.98	94.64	90.22	70.52
Research & Development	118.45	91.17	72.38	64.67	60.93
Other Operating Expenses	1.15	-1.03	3.51	0.51	-3.18
Operating Expenses	234.42	220.54	176.53	163.83	127.03
Operating Income	241.75	193.73	159.86	147.09	107.5
Interest Expense	-0.94	-3.28	-11.42	-14.35	-14.94
Interest & Investment Income	15.15	23.7	12.08	0.99	0.75
Other Non Operating Income (Expenses)	-0.12	-0.35	-0.04	0.18	-0.37
EBT Excluding Unusual Items	255.82	213.8	160.48	133.91	92.94
Gain (Loss) on Sale of Investments	0.01	0.18	-	-	-
Gain (Loss) on Sale of Assets	1.42	19.41	0	0	-
Asset Writedown	-0.09	-	-	-5.05	-3.5
Other Unusual Items	15.32	1.14	6.28	0.65	-0.74
Pretax Income	272.48	234.54	166.76	129.52	88.71
Income Tax Expense	24.09	28.01	19.81	16.51	12.42
Earnings From Continuing Operations	248.39	206.53	146.95	113.01	76.29
Minority Interest in Earnings	-1.8	-7.8	-6.26	-2.53	-0.85
Net Income	246.59	198.73	140.69	110.48	75.43
Net Income to Common	246.59	198.73	140.69	110.48	75.43
Net Income Growth	24.09%	41.25%	27.34%	46.46%	19.02%
Shares Outstanding (Basic)	209	209	186	159	145
Shares Outstanding (Diluted)	209	209	186	159	145
Shares Change (YoY)	-0.10%	12.75%	16.61%	9.85%	-0.02%
EPS (Basic)	1.18	0.95	0.76	0.69	0.52
EPS (Diluted)	1.18	0.95	0.76	0.69	0.52
EPS Growth	24.21%	25.28%	9.20%	33.33%	19.04%
Free Cash Flow	376.85	-247.46	350.44	6.09	-26.13
Free Cash Flow Per Share	1.80	-1.18	1.89	0.04	-0.18
Dividend Per Share	0.900	0.900	0.556	-	-
Dividend Growth	-	61.99%	-	-	-
Gross Margin	33.76%	34.39%	32.34%	37.14%	34.88%
Operating Margin	17.14%	16.08%	15.37%	17.57%	15.99%
Profit Margin	17.48%	16.50%	13.52%	13.20%	11.22%
Free Cash Flow Margin	26.72%	-20.55%	33.69%	0.73%	-3.89%
EBITDA	303.35	246.18	208.01	187.51	137.76
EBITDA Margin	21.51%	20.44%	20.00%	22.40%	20.49%
D&A For EBITDA	61.61	52.45	48.15	40.42	30.26
EBIT	241.75	193.73	159.86	147.09	107.5
EBIT Margin	17.14%	16.08%	15.37%	17.57%	15.99%
Effective Tax Rate	8.84%	11.94%	11.88%	12.75%	14.00%
Revenue as Reported	1,410	1,204	1,040	837.22	672.47
Advertising Expenses	0.18	1.28	0.1	0.33	0.14

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