SHA:688566 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
Revenue	990.68	966.07	896.53	860.93	654.73	509.69
Revenue Growth (YoY)	9.58%	7.76%	4.13%	31.49%	28.46%	-9.94%
Cost of Revenue	103.09	101.82	95.26	97.18	76.17	62.12
Gross Profit	887.6	864.25	801.28	763.76	578.56	447.57
Selling, General & Admin	591.92	563.08	458.54	459.86	361.56	304.65
Research & Development	42.46	40.7	38.65	55.77	55.18	29.28
Other Operating Expenses	12.95	11.77	12.98	10.47	9.24	9.1
Operating Expenses	647.33	615.54	512.43	533.31	426.71	341.26
Operating Income	240.26	248.7	288.85	230.44	151.85	106.32
Interest Expense	-	-	-0.13	-0.11	-0.38	-
Interest & Investment Income	-	-	5.4	12.02	17.77	21.64
Other Non Operating Income (Expenses)	56.68	55.08	-0.11	-0.14	-0.07	-0.11
EBT Excluding Unusual Items	296.94	303.78	294.01	242.22	169.18	127.85
Gain (Loss) on Sale of Investments	-2.72	-2.64	-1.05	-1.9	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-0.01	-
Asset Writedown	-0.01	-0.01	-42.24	-	-	-
Other Unusual Items	-	-	2.65	7.16	5.37	4.71
Pretax Income	294.21	301.13	253.36	247.48	174.53	132.56
Income Tax Expense	41.71	40.14	34.39	28.71	20.27	18.22
Earnings From Continuing Operations	252.5	261	218.98	218.77	154.26	114.35
Minority Interest in Earnings	1.57	0.61	0.35	0.32	0.4	0.55
Net Income	254.07	261.61	219.33	219.09	154.67	114.9
Net Income to Common	254.07	261.61	219.33	219.09	154.67	114.9
Net Income Growth	17.44%	19.28%	0.11%	41.65%	34.61%	-11.42%
Shares Outstanding (Basic)	200	200	194	187	186	188
Shares Outstanding (Diluted)	200	200	194	187	186	188
Shares Change (YoY)	1.74%	2.89%	3.65%	0.49%	-1.07%	11.81%
EPS (Basic)	1.27	1.31	1.13	1.17	0.83	0.61
EPS (Diluted)	1.27	1.31	1.13	1.17	0.83	0.61
EPS Growth	15.43%	15.93%	-3.42%	40.96%	36.07%	-20.78%
Free Cash Flow	70.99	133.71	40.76	-197.87	-141.98	66.77
Free Cash Flow Per Share	0.35	0.67	0.21	-1.06	-0.76	0.35
Dividend Per Share	-	-	0.780	-	0.480	0.480
Gross Margin	89.59%	89.46%	89.38%	88.71%	88.37%	87.81%
Operating Margin	24.25%	25.74%	32.22%	26.77%	23.19%	20.86%
Profit Margin	25.65%	27.08%	24.46%	25.45%	23.62%	22.54%
Free Cash Flow Margin	7.17%	13.84%	4.55%	-22.98%	-21.68%	13.10%
EBITDA	259.82	266.47	299.45	241.65	164.6	119.3
EBITDA Margin	26.23%	27.58%	33.40%	28.07%	25.14%	23.41%
D&A For EBITDA	19.56	17.77	10.6	11.2	12.75	12.98
EBIT	240.26	248.7	288.85	230.44	151.85	106.32
EBIT Margin	24.25%	25.74%	32.22%	26.77%	23.19%	20.86%
Effective Tax Rate	14.18%	13.33%	13.57%	11.60%	11.62%	13.74%
Revenue as Reported	-	-	896.53	860.93	654.73	509.69
Advertising Expenses	-	-	-	-	153.2	121.29

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