SHA:688589 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	329.3	357.06	547.42	577.3	502.32	359.02
Other Revenue	0.82	0.82	1.41	1.89	1.5	1.06
Revenue	330.12	357.88	548.83	579.19	503.82	360.07
Revenue Growth (YoY)	-36.12%	-34.79%	-5.24%	14.96%	39.92%	66.99%
Cost of Revenue	188.81	197.32	308.23	351.12	312.16	219.34
Gross Profit	141.31	160.56	240.61	228.06	191.67	140.74
Selling, General & Admin	67.42	67.97	75.38	71.16	59.11	46.31
Research & Development	72.25	72.12	71.59	65.58	73.3	56.35
Other Operating Expenses	-0.67	-2.96	-4.76	-8.9	-4.08	-3.96
Operating Expenses	146.12	144.26	151.08	128.83	136.93	108.98
Operating Income	-4.81	16.31	89.53	99.24	54.74	31.75
Interest Expense	-21.32	-21.32	-19.97	-10.16	-1.01	-1.08
Interest & Investment Income	19.86	20.16	25.18	18.38	13.2	10.37
Currency Exchange Gain (Loss)	0.02	0.02	-0.04	-0.04	-0.13	0.03
Other Non Operating Income (Expenses)	2.64	-0.33	-0.12	0.17	-0.58	-0.6
EBT Excluding Unusual Items	-3.62	14.84	94.57	107.59	66.22	40.46
Gain (Loss) on Sale of Investments	-0.1	0.02	0.04	0.09	0.04	1.72
Gain (Loss) on Sale of Assets	0.55	0.52	0.03	-0.03	-0.03	-0.07
Asset Writedown	1.1	1.43	-1.26	-0.65	0.6	-1.47
Other Unusual Items	3.19	3.19	1.5	12.62	13.52	4.25
Pretax Income	1.12	20	94.88	119.61	80.34	44.89
Income Tax Expense	-3.16	-0.56	10.55	12.73	5.21	2.85
Net Income	4.28	20.57	84.34	106.89	75.14	42.04
Net Income to Common	4.28	20.57	84.34	106.89	75.14	42.04
Net Income Growth	-94.18%	-75.61%	-21.10%	42.26%	78.73%	51.10%
Shares Outstanding (Basic)	143	147	145	144	144	144
Shares Outstanding (Diluted)	143	147	145	146	144	144
Shares Change (YoY)	-0.57%	1.03%	-0.24%	1.03%	0.11%	18.73%
EPS (Basic)	0.03	0.14	0.58	0.74	0.52	0.29
EPS (Diluted)	0.03	0.14	0.58	0.73	0.52	0.29
EPS Growth	-94.15%	-75.86%	-20.91%	40.80%	78.54%	27.27%
Free Cash Flow	89.11	32.08	42.97	235.34	-77.37	17.52
Free Cash Flow Per Share	0.62	0.22	0.30	1.61	-0.54	0.12
Dividend Per Share	0.100	0.100	0.250	0.243	0.174	0.139
Dividend Growth	-60.00%	-60.00%	2.84%	40.03%	24.98%	33.30%
Gross Margin	42.81%	44.87%	43.84%	39.38%	38.04%	39.09%
Operating Margin	-1.46%	4.56%	16.31%	17.13%	10.87%	8.82%
Profit Margin	1.30%	5.75%	15.37%	18.45%	14.91%	11.68%
Free Cash Flow Margin	26.99%	8.96%	7.83%	40.63%	-15.36%	4.87%
EBITDA	7.77	29.62	105.77	111.38	63.12	38.59
EBITDA Margin	2.35%	8.28%	19.27%	19.23%	12.53%	10.72%
D&A For EBITDA	12.58	13.31	16.24	12.15	8.38	6.84
EBIT	-4.81	16.31	89.53	99.24	54.74	31.75
EBIT Margin	-1.46%	4.56%	16.31%	17.13%	10.87%	8.82%
Effective Tax Rate	-	-	11.12%	10.64%	6.48%	6.35%
Revenue as Reported	357.88	357.88	548.83	579.19	503.82	360.07
Advertising Expenses	-	5.62	6.64	5.35	5.06	4.08

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