SHA:688589 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	439.22	547.42	577.3	502.32	359.02	214.65
Other Revenue	1.41	1.41	1.89	1.5	1.06	0.98
Revenue	440.63	548.83	579.19	503.82	360.07	215.63
Revenue Growth (YoY)	-13.41%	-5.24%	14.96%	39.92%	66.99%	-22.09%
Cost of Revenue	236.14	308.23	351.12	312.16	219.34	115
Gross Profit	204.48	240.61	228.06	191.67	140.74	100.63
Selling, General & Admin	69.88	75.38	71.16	59.11	46.31	39.83
Research & Development	75.48	71.59	65.58	73.3	56.35	45.98
Other Operating Expenses	-5.75	-4.76	-8.9	-4.08	-3.96	-2.76
Operating Expenses	147.05	151.08	128.83	136.93	108.98	83.22
Operating Income	57.43	89.53	99.24	54.74	31.75	17.4
Interest Expense	-21.06	-19.97	-10.16	-1.01	-1.08	-
Interest & Investment Income	19.88	25.18	18.38	13.2	10.37	4.83
Currency Exchange Gain (Loss)	-0.04	-0.04	-0.04	-0.13	0.03	0.02
Other Non Operating Income (Expenses)	-0.07	-0.12	0.17	-0.58	-0.6	-0.37
EBT Excluding Unusual Items	56.15	94.57	107.59	66.22	40.46	21.88
Gain (Loss) on Sale of Investments	1.4	0.04	0.09	0.04	1.72	0.07
Gain (Loss) on Sale of Assets	0.16	0.03	-0.03	-0.03	-0.07	-0.05
Asset Writedown	1.87	-1.26	-0.65	0.6	-1.47	-0.03
Other Unusual Items	1.49	1.5	12.62	13.52	4.25	4.59
Pretax Income	61.07	94.88	119.61	80.34	44.89	26.45
Income Tax Expense	4.7	10.55	12.73	5.21	2.85	-1.37
Earnings From Continuing Operations	56.37	84.34	106.89	75.14	42.04	27.82
Net Income	56.37	84.34	106.89	75.14	42.04	27.82
Net Income to Common	56.37	84.34	106.89	75.14	42.04	27.82
Net Income Growth	-25.70%	-21.10%	42.26%	78.73%	51.10%	-35.98%
Shares Outstanding (Basic)	152	145	144	144	144	121
Shares Outstanding (Diluted)	152	145	146	144	144	121
Shares Change (YoY)	6.03%	-0.81%	1.03%	0.11%	18.73%	16.39%
EPS (Basic)	0.37	0.58	0.74	0.52	0.29	0.23
EPS (Diluted)	0.37	0.58	0.73	0.52	0.29	0.23
EPS Growth	-29.93%	-20.46%	40.80%	78.54%	27.27%	-45.00%
Free Cash Flow	66.3	42.97	235.34	-77.37	17.52	-14.27
Free Cash Flow Per Share	0.44	0.30	1.61	-0.54	0.12	-0.12
Dividend Per Share	0.250	0.250	0.243	0.174	0.139	0.104
Dividend Growth	2.84%	2.84%	40.03%	24.98%	33.30%	-
Gross Margin	46.41%	43.84%	39.38%	38.04%	39.09%	46.67%
Operating Margin	13.03%	16.31%	17.13%	10.87%	8.82%	8.07%
Profit Margin	12.79%	15.37%	18.45%	14.91%	11.68%	12.90%
Free Cash Flow Margin	15.05%	7.83%	40.63%	-15.36%	4.87%	-6.62%
EBITDA	64.54	98.8	111.38	63.12	38.59	22.18
EBITDA Margin	14.65%	18.00%	19.23%	12.53%	10.72%	10.29%
D&A For EBITDA	7.11	9.27	12.15	8.38	6.84	4.77
EBIT	57.43	89.53	99.24	54.74	31.75	17.4
EBIT Margin	13.03%	16.31%	17.13%	10.87%	8.82%	8.07%
Effective Tax Rate	7.70%	11.12%	10.64%	6.48%	6.35%	-
Revenue as Reported	440.63	548.83	579.19	503.82	360.07	215.63
Advertising Expenses	-	6.64	5.35	5.06	4.08	2.16

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