SHA:688591 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	1,015	844.03	636.09	609.3	649.52
Revenue	1,015	844.03	636.09	609.3	649.52
Revenue Growth (YoY)	20.26%	32.69%	4.40%	-6.19%	43.15%
Cost of Revenue	504.43	443.78	357.82	362.34	353.66
Gross Profit	510.6	400.25	278.27	246.96	295.86
Selling, General & Admin	146.06	128.79	99.14	89.34	97.8
Research & Development	275.8	219.99	172.75	138.06	124.72
Other Operating Expenses	-5.9	0.88	-0.59	1.16	1.18
Operating Expenses	415.96	350.84	271.77	227.8	223.95
Operating Income	94.64	49.41	6.5	19.16	71.92
Interest Expense	-	-1.11	-0.43	-0.11	-0.27
Interest & Investment Income	7.05	32.99	16.06	5.69	5.87
Currency Exchange Gain (Loss)	-	4.63	0.64	9.53	-2.36
Other Non Operating Income (Expenses)	11.74	-0.47	-0.18	-0.15	-0.17
EBT Excluding Unusual Items	113.43	85.45	22.6	34.12	74.98
Gain (Loss) on Sale of Investments	0.95	0.33	-	-	-
Gain (Loss) on Sale of Assets	-	-0.86	-0.34	-0.17	0
Asset Writedown	11.06	-	-	-	-1.02
Legal Settlements	-	-	-	-	-0.12
Other Unusual Items	-	7.37	27.95	15.37	24.3
Pretax Income	125.45	92.29	50.21	49.32	98.13
Income Tax Expense	-1.83	-5.12	0.43	-0.45	3.12
Net Income	127.28	97.41	49.77	49.77	95.01
Net Income to Common	127.28	97.41	49.77	49.77	95.01
Net Income Growth	30.66%	95.71%	0.01%	-47.62%	-
Shares Outstanding (Basic)	236	238	199	178	180
Shares Outstanding (Diluted)	240	238	199	178	180
Shares Change (YoY)	1.08%	19.34%	12.01%	-1.25%	9.80%
EPS (Basic)	0.54	0.41	0.25	0.28	0.53
EPS (Diluted)	0.53	0.41	0.25	0.28	0.53
EPS Growth	29.27%	64.00%	-10.71%	-46.95%	-
Free Cash Flow	137.68	77.47	103.61	3.64	-17.38
Free Cash Flow Per Share	0.57	0.33	0.52	0.02	-0.10
Dividend Per Share	-	0.205	0.073	-	-
Dividend Growth	-	180.82%	-	-	-
Gross Margin	50.30%	47.42%	43.75%	40.53%	45.55%
Operating Margin	9.32%	5.85%	1.02%	3.15%	11.07%
Profit Margin	12.54%	11.54%	7.83%	8.17%	14.63%
Free Cash Flow Margin	13.56%	9.18%	16.29%	0.60%	-2.67%
EBITDA	126.95	71.36	25.05	37.7	88.74
EBITDA Margin	12.51%	8.46%	3.94%	6.19%	13.66%
D&A For EBITDA	32.31	21.96	18.55	18.54	16.83
EBIT	94.64	49.41	6.5	19.16	71.92
EBIT Margin	9.32%	5.85%	1.02%	3.15%	11.07%
Effective Tax Rate	-	-	0.87%	-	3.18%
Revenue as Reported	-	844.03	636.09	609.3	649.52
Advertising Expenses	-	2.55	1.78	1.68	0.78

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.