SHA:688585 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	1,797	1,494	1,399	1,859	2,072
Other Revenue	0.33	0.12	0.38	0.71	0.73
Revenue	1,797	1,494	1,400	1,860	2,073
Revenue Growth (YoY)	20.29%	6.73%	-24.74%	-10.27%	6.51%
Cost of Revenue	1,552	1,259	1,186	1,619	1,898
Gross Profit	245.18	235.32	214.01	240.48	174.87
Selling, General & Admin	105.66	97.39	86.87	100.16	109.72
Research & Development	51.59	30.31	31.32	32.67	32.34
Other Operating Expenses	4.15	3.75	2.8	4.72	3.25
Operating Expenses	173.8	130.49	122.19	136.14	146.86
Operating Income	71.38	104.83	91.82	104.34	28.01
Interest Expense	-1.31	-0.36	-0.95	-4.42	-10.57
Interest & Investment Income	2.7	7.84	2.82	1.96	2.71
Currency Exchange Gain (Loss)	-8.13	11.21	2.01	7.74	-8.07
Other Non Operating Income (Expenses)	-0.25	-0.16	-0.18	-0.63	-2.07
EBT Excluding Unusual Items	64.39	123.35	95.52	108.99	10.02
Gain (Loss) on Sale of Investments	-14.84	-11.12	-3.43	-0.12	-
Gain (Loss) on Sale of Assets	-0.13	0	0.19	-2.15	-0.16
Other Unusual Items	2.69	2.37	2.26	0.8	0.28
Pretax Income	52.12	114.6	94.55	107.51	10.14
Income Tax Expense	11.23	26.93	23.63	23.37	-2.43
Earnings From Continuing Operations	40.89	87.67	70.92	84.15	12.58
Minority Interest in Earnings	0.19	1.01	0.02	-	-
Net Income	41.09	88.68	70.94	84.15	12.58
Net Income to Common	41.09	88.68	70.94	84.15	12.58
Net Income Growth	-53.67%	25.00%	-15.69%	569.04%	-89.43%
Shares Outstanding (Basic)	411	403	394	401	419
Shares Outstanding (Diluted)	411	403	394	401	419
Shares Change (YoY)	1.93%	2.28%	-1.64%	-4.42%	12.78%
EPS (Basic)	0.10	0.22	0.18	0.21	0.03
EPS (Diluted)	0.10	0.22	0.18	0.21	0.03
EPS Growth	-54.55%	22.22%	-14.29%	600.00%	-90.63%
Free Cash Flow	57.04	9.06	307.69	-73.86	-117.31
Free Cash Flow Per Share	0.14	0.02	0.78	-0.18	-0.28
Dividend Per Share	-	0.070	0.021	0.022	-
Dividend Growth	-	233.33%	-4.54%	-	-
Gross Margin	13.64%	15.75%	15.29%	12.93%	8.44%
Operating Margin	3.97%	7.02%	6.56%	5.61%	1.35%
Profit Margin	2.29%	5.94%	5.07%	4.52%	0.61%
Free Cash Flow Margin	3.17%	0.61%	21.98%	-3.97%	-5.66%
EBITDA	106.02	139.39	123.03	136.01	58.52
EBITDA Margin	5.90%	9.33%	8.79%	7.31%	2.82%
D&A For EBITDA	34.64	34.56	31.21	31.66	30.5
EBIT	71.38	104.83	91.82	104.34	28.01
EBIT Margin	3.97%	7.02%	6.56%	5.61%	1.35%
Effective Tax Rate	21.54%	23.50%	24.99%	21.73%	-
Revenue as Reported	1,797	1,494	1,400	1,860	2,073
Advertising Expenses	1.82	1.21	-	-	-

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