SHA:688545 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	1,475	1,092	859.19	734.83	510.39
Other Revenue	-	44.99	19.18	57.67	19.09
Revenue	1,475	1,137	878.37	792.5	529.48
Revenue Growth (YoY)	29.73%	29.44%	10.84%	49.67%	107.25%
Cost of Revenue	1,084	841.08	642.12	546.67	384.69
Gross Profit	391.48	295.93	236.25	245.82	144.79
Selling, General & Admin	98.06	71.7	61.48	58.18	38.03
Research & Development	92.91	76.92	56.76	51.94	25.83
Other Operating Expenses	-33.05	-22.24	0.32	2.35	1.6
Operating Expenses	157.93	127.17	117.59	112.49	62.72
Operating Income	233.55	168.76	118.67	133.33	82.08
Interest Expense	-	-2.37	-0.43	-0.04	-7.55
Interest & Investment Income	2.36	4.06	9.6	26.23	22.34
Currency Exchange Gain (Loss)	-	1.88	0.62	1.81	-0.22
Other Non Operating Income (Expenses)	-4.76	-1.7	-16.07	-0.91	-0.55
EBT Excluding Unusual Items	231.15	170.64	112.39	160.43	96.09
Gain (Loss) on Sale of Investments	1.45	-	-	-	-
Gain (Loss) on Sale of Assets	0	-	0	-	6.16
Asset Writedown	-3.8	-4.64	-	-7.03	-11.39
Other Unusual Items	-	7.35	23.61	4.79	8.16
Pretax Income	228.81	173.34	136.01	158.2	99.02
Income Tax Expense	23.09	13.87	12.02	-33.21	-0.82
Earnings From Continuing Operations	205.72	159.47	123.99	191.41	99.85
Minority Interest in Earnings	1.1	-	-	-	-
Net Income	206.82	159.47	123.99	191.41	99.85
Net Income to Common	206.82	159.47	123.99	191.41	99.85
Net Income Growth	29.69%	28.61%	-35.22%	91.71%	-
Shares Outstanding (Basic)	351	261	258	259	-
Shares Outstanding (Diluted)	351	261	258	259	-
Shares Change (YoY)	34.08%	1.21%	-0.13%	-	-
EPS (Basic)	0.59	0.61	0.48	0.74	-
EPS (Diluted)	0.59	0.61	0.48	0.74	-
EPS Growth	-3.28%	27.08%	-35.13%	-	-
Free Cash Flow	-312.05	-81.01	-319.78	-296.42	-168.08
Free Cash Flow Per Share	-0.89	-0.31	-1.24	-1.15	-
Dividend Per Share	-	0.200	-	-	-
Gross Margin	26.54%	26.03%	26.90%	31.02%	27.35%
Operating Margin	15.83%	14.84%	13.51%	16.83%	15.50%
Profit Margin	14.02%	14.03%	14.12%	24.15%	18.86%
Free Cash Flow Margin	-21.16%	-7.12%	-36.41%	-37.40%	-31.74%
EBITDA	391.13	305.12	219.48	181.76	-
EBITDA Margin	26.52%	26.83%	24.99%	22.93%	-
D&A For EBITDA	157.58	136.36	100.82	48.42	-
EBIT	233.55	168.76	118.67	133.33	82.08
EBIT Margin	15.83%	14.84%	13.51%	16.83%	15.50%
Effective Tax Rate	10.09%	8.00%	8.83%	-	-
Revenue as Reported	-	1,137	878.37	-	-

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