SHA:688557 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	1,530	1,502	1,208	974.74	914.73	603.4
Other Revenue	-	-	-	0.76	0.72	0.49
Revenue	1,530	1,502	1,208	975.5	915.45	603.89
Revenue Growth (YoY)	16.54%	24.39%	23.80%	6.56%	51.59%	33.66%
Cost of Revenue	1,124	1,099	821.35	639.45	669.16	399.6
Gross Profit	406.03	403.47	386.33	336.05	246.29	204.29
Selling, General & Admin	161.55	161.52	134.59	113.84	93.36	81.87
Research & Development	148.59	144.66	127.52	86.57	74.94	61.74
Other Operating Expenses	-29.95	-23.93	-29.04	-5.8	-10.42	-9.31
Operating Expenses	316.73	318.79	288.34	237.28	167.11	143.06
Operating Income	89.3	84.67	97.99	98.77	79.18	61.23
Interest Expense	-0.07	-0.07	-0.25	-0.23	-	-0.05
Interest & Investment Income	8.14	8.13	5.67	6.6	7.9	10.78
Currency Exchange Gain (Loss)	0.83	0.83	-0.24	0.03	-1.33	0.01
Other Non Operating Income (Expenses)	-5.32	1.59	-2.45	-2.49	-3.84	-0.59
EBT Excluding Unusual Items	92.89	95.16	100.73	102.68	81.91	71.38
Gain (Loss) on Sale of Investments	0.53	0.41	0.21	0.07	0.46	2.91
Gain (Loss) on Sale of Assets	-3.84	-3.84	-0.14	-0.15	-0.36	-0.07
Asset Writedown	2.78	-	-	-	-	-4.93
Other Unusual Items	18.08	18.08	13.81	15.57	14.41	17.6
Pretax Income	110.44	109.81	114.61	118.16	96.43	86.88
Income Tax Expense	-0.59	0.34	2.54	7.73	5.91	6.38
Net Income	111.03	109.47	112.07	110.43	90.52	80.5
Net Income to Common	111.03	109.47	112.07	110.43	90.52	80.5
Net Income Growth	-10.85%	-2.32%	1.48%	21.99%	12.45%	-3.88%
Shares Outstanding (Basic)	108	102	102	102	101	102
Shares Outstanding (Diluted)	108	102	102	103	104	102
Shares Change (YoY)	10.90%	0.42%	-1.29%	-0.65%	2.32%	29.89%
EPS (Basic)	1.02	1.07	1.10	1.08	0.89	0.79
EPS (Diluted)	1.02	1.07	1.10	1.07	0.87	0.79
EPS Growth	-19.62%	-2.73%	2.80%	22.79%	9.90%	-25.99%
Free Cash Flow	8.03	170.99	196.85	-86.85	-132.84	-69.72
Free Cash Flow Per Share	0.07	1.67	1.93	-0.84	-1.28	-0.69
Dividend Per Share	0.450	0.450	0.330	0.329	0.271	0.243
Dividend Growth	36.36%	36.36%	0.43%	21.08%	11.73%	-30.60%
Gross Margin	26.53%	26.86%	31.99%	34.45%	26.90%	33.83%
Operating Margin	5.83%	5.64%	8.11%	10.13%	8.65%	10.14%
Profit Margin	7.26%	7.29%	9.28%	11.32%	9.89%	13.33%
Free Cash Flow Margin	0.53%	11.38%	16.30%	-8.90%	-14.51%	-11.54%
EBITDA	111.81	107.73	123.24	121.68	93.32	74.5
EBITDA Margin	7.31%	7.17%	10.21%	12.47%	10.19%	12.34%
D&A For EBITDA	22.51	23.06	25.25	22.91	14.14	13.27
EBIT	89.3	84.67	97.99	98.77	79.18	61.23
EBIT Margin	5.83%	5.64%	8.11%	10.13%	8.65%	10.14%
Effective Tax Rate	-	0.31%	2.22%	6.54%	6.13%	7.34%
Revenue as Reported	1,502	1,502	1,208	975.5	915.45	603.89
Advertising Expenses	-	11.33	10.11	4.21	1.49	3.71

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