SHA:688601 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	744.77	785.27	885.01	766.48	772.14	541.95
Other Revenue	2.22	2.22	1.74	1.03	1.43	0.88
Revenue	746.99	787.49	886.75	767.52	773.56	542.84
Revenue Growth (YoY)	-12.80%	-11.19%	15.53%	-0.78%	42.50%	14.38%
Cost of Revenue	464.72	456.57	511.29	464.18	478.02	392.76
Gross Profit	282.27	330.92	375.47	303.34	295.55	150.08
Selling, General & Admin	95.59	88.82	78.01	67.92	67.4	44.44
Research & Development	185.7	140.56	107.6	107.98	64.11	38.98
Other Operating Expenses	2.21	3.76	5.1	2.62	4.52	1.32
Operating Expenses	286.15	233.44	193.11	179.72	137.67	85.06
Operating Income	-3.88	97.49	182.36	123.62	157.88	65.01
Interest Expense	-0.43	-0.43	-0.76	-0.24	-0.13	-0.05
Interest & Investment Income	18.23	17.21	21.82	15.55	6.54	7.34
Currency Exchange Gain (Loss)	4.46	4.46	3.88	18.37	-4.19	-10.99
Other Non Operating Income (Expenses)	2.13	0.09	-0.47	-0.66	-0.02	-0.23
EBT Excluding Unusual Items	20.5	118.82	206.83	156.64	160.08	61.09
Impairment of Goodwill	-	-	-	-3.08	-0.58	-
Gain (Loss) on Sale of Investments	5.15	4.57	-0.18	-2.47	1.3	-0.33
Gain (Loss) on Sale of Assets	-0.06	0.03	0.02	0.03	-0.03	-0.04
Asset Writedown	5.98	-	-	-0	-	-
Other Unusual Items	6.43	6.31	10.93	8.42	12.18	9.49
Pretax Income	38.01	129.73	217.59	159.53	172.94	70.21
Income Tax Expense	-15.07	-0.67	8.78	7.7	11.58	4.59
Earnings From Continuing Operations	53.08	130.4	208.81	151.82	161.36	65.62
Minority Interest in Earnings	1.05	-4.54	-8.3	-5.87	-2.12	1.33
Net Income	54.12	125.86	200.51	145.96	159.24	66.95
Net Income to Common	54.12	125.86	200.51	145.96	159.24	66.95
Net Income Growth	-70.33%	-37.23%	37.37%	-8.34%	137.85%	64.11%
Shares Outstanding (Basic)	136	134	134	134	117	100
Shares Outstanding (Diluted)	136	134	134	134	117	100
Shares Change (YoY)	1.37%	0.16%	-0.18%	14.56%	16.32%	0.37%
EPS (Basic)	0.40	0.94	1.50	1.09	1.36	0.67
EPS (Diluted)	0.40	0.94	1.50	1.09	1.36	0.67
EPS Growth	-70.73%	-37.33%	37.61%	-19.99%	104.47%	63.51%
Free Cash Flow	43.6	117.06	195.01	83.7	70.38	49.52
Free Cash Flow Per Share	0.32	0.87	1.46	0.63	0.60	0.49
Dividend Per Share	0.400	0.400	0.600	0.336	0.384	-
Dividend Growth	-33.33%	-33.33%	78.78%	-12.49%	-	-
Gross Margin	37.79%	42.02%	42.34%	39.52%	38.21%	27.65%
Operating Margin	-0.52%	12.38%	20.57%	16.11%	20.41%	11.98%
Profit Margin	7.25%	15.98%	22.61%	19.02%	20.59%	12.33%
Free Cash Flow Margin	5.84%	14.87%	21.99%	10.90%	9.10%	9.12%
EBITDA	2.95	106.08	193.29	133.52	164.54	69.63
EBITDA Margin	0.40%	13.47%	21.80%	17.40%	21.27%	12.83%
D&A For EBITDA	6.84	8.59	10.93	9.9	6.66	4.62
EBIT	-3.88	97.49	182.36	123.62	157.88	65.01
EBIT Margin	-0.52%	12.38%	20.57%	16.11%	20.41%	11.98%
Effective Tax Rate	-	-	4.04%	4.83%	6.70%	6.53%
Revenue as Reported	746.99	787.49	886.75	767.52	773.56	542.84
Advertising Expenses	-	1.9	0.83	0.86	4.03	0.7

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.