SHA:688597 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	1,003	939.65	560.92	621.97	390.49
Other Revenue	-	0.49	0.87	0.51	0.77
Revenue	1,003	940.14	561.79	622.47	391.25
Revenue Growth (YoY)	6.71%	67.35%	-9.75%	59.10%	-14.78%
Cost of Revenue	-	601.24	362.6	386.38	236.14
Gross Profit	1,003	338.9	199.19	236.09	155.11
Selling, General & Admin	-	135.6	109.04	103.49	78
Research & Development	-	80.15	57.66	49	41.51
Other Operating Expenses	923.6	5.63	2.71	-1.78	-2.37
Operating Expenses	923.6	228.23	171.38	152.86	116.87
Operating Income	79.63	110.67	27.82	83.23	38.25
Interest Expense	-	-19.04	-10.99	-5.51	-4.6
Interest & Investment Income	-	10.98	9.61	8	5.3
Other Non Operating Income (Expenses)	4.81	-0.07	-0.66	-0.3	0.22
EBT Excluding Unusual Items	84.45	102.53	25.78	85.41	39.17
Gain (Loss) on Sale of Investments	-	1.04	1.6	-0.19	1.21
Gain (Loss) on Sale of Assets	-	-0.04	0.39	0.01	0.02
Asset Writedown	-	-0.64	5.04	-	-0.17
Other Unusual Items	-	16.4	4.23	6.91	-0.87
Pretax Income	84.45	119.29	37.04	92.14	39.35
Income Tax Expense	8.32	7.26	-0.07	12.88	3.02
Earnings From Continuing Operations	76.12	112.03	37.11	79.26	36.32
Minority Interest in Earnings	-	-0.7	0.53	-	-
Net Income	76.12	111.32	37.64	79.26	36.32
Net Income to Common	76.12	111.32	37.64	79.26	36.32
Net Income Growth	-31.62%	195.77%	-52.51%	118.20%	-41.77%
Shares Outstanding (Basic)	331	318	310	345	297
Shares Outstanding (Diluted)	331	339	310	345	297
Shares Change (YoY)	-2.31%	9.27%	-10.19%	16.32%	16.51%
EPS (Basic)	0.23	0.35	0.12	0.23	0.12
EPS (Diluted)	0.23	0.33	0.12	0.23	0.12
EPS Growth	-30.01%	170.68%	-47.13%	87.58%	-50.02%
Free Cash Flow	-	92.31	13.66	85.93	39.06
Free Cash Flow Per Share	-	0.27	0.04	0.25	0.13
Dividend Per Share	-	0.109	0.037	0.069	0.032
Dividend Growth	-	197.82%	-46.73%	118.04%	-
Gross Margin	100.00%	36.05%	35.46%	37.93%	39.65%
Operating Margin	7.94%	11.77%	4.95%	13.37%	9.78%
Profit Margin	7.59%	11.84%	6.70%	12.73%	9.28%
Free Cash Flow Margin	-	9.82%	2.43%	13.80%	9.98%
EBITDA	95.72	126.75	40.22	94.14	47.49
EBITDA Margin	9.54%	13.48%	7.16%	15.12%	12.14%
D&A For EBITDA	16.09	16.09	12.4	10.91	9.25
EBIT	79.63	110.67	27.82	83.23	38.25
EBIT Margin	7.94%	11.77%	4.95%	13.37%	9.78%
Effective Tax Rate	9.86%	6.08%	-	13.98%	7.68%
Revenue as Reported	-	940.14	561.79	622.47	391.25
Advertising Expenses	-	2.82	1.3	1.51	-

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