SHA:688603 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	507.43	464.37	380	338.15	373.84	373.11
Other Revenue	6.59	6.59	0.67	0.78	0.52	2.39
Revenue	514.02	470.96	380.67	338.93	374.36	375.5
Revenue Growth (YoY)	27.83%	23.72%	12.32%	-9.46%	-0.30%	45.97%
Cost of Revenue	314.12	283	229.15	218.41	257.31	268.7
Gross Profit	199.9	187.96	151.52	120.51	117.05	106.8
Selling, General & Admin	66.25	66.85	53.29	37.8	31.61	27.44
Research & Development	33.11	34.15	27.68	21.97	21.74	21.01
Other Operating Expenses	-1.14	-1.49	0.54	0.48	1.58	1.74
Operating Expenses	103.94	103.79	81.57	60.74	54.97	52.85
Operating Income	95.96	84.17	69.95	59.77	62.08	53.95
Interest Expense	-0.58	-0.79	-1.32	-1.14	-1.25	-1.48
Interest & Investment Income	2.85	3.94	6.07	6.14	0.12	0.06
Currency Exchange Gain (Loss)	-0.26	-0.26	0.04	0	0	-
Other Non Operating Income (Expenses)	0.56	0.61	-0.42	-0.27	-0.4	-0.2
EBT Excluding Unusual Items	98.52	87.68	74.33	64.51	60.55	52.32
Gain (Loss) on Sale of Investments	7.43	7.32	10.32	1.67	-	-0.17
Gain (Loss) on Sale of Assets	-0.24	-0.24	-0.07	0	-0	-
Asset Writedown	-0.02	-	-	-	-0.05	-0.73
Other Unusual Items	5.87	5.87	2.52	1.42	1.36	0.28
Pretax Income	111.56	100.62	87.09	67.6	61.86	51.7
Income Tax Expense	14.37	14.2	12.41	9.03	7.25	6.72
Earnings From Continuing Operations	97.19	86.42	74.68	58.57	54.61	44.98
Minority Interest in Earnings	0.46	0.26	-	-	-	-
Net Income	97.64	86.68	74.68	58.57	54.61	44.98
Net Income to Common	97.64	86.68	74.68	58.57	54.61	44.98
Net Income Growth	28.97%	16.07%	27.50%	7.25%	21.41%	15.99%
Shares Outstanding (Basic)	125	126	124	110	94	91
Shares Outstanding (Diluted)	125	126	124	110	94	91
Shares Change (YoY)	0.75%	0.93%	12.67%	17.97%	2.59%	8.97%
EPS (Basic)	0.78	0.69	0.60	0.53	0.58	0.49
EPS (Diluted)	0.78	0.69	0.60	0.53	0.58	0.49
EPS Growth	28.01%	15.00%	13.16%	-9.09%	18.34%	6.44%
Free Cash Flow	-116.23	-90	29.37	47.18	23.79	-26.83
Free Cash Flow Per Share	-0.93	-0.72	0.24	0.43	0.25	-0.29
Dividend Per Share	0.141	0.141	0.201	0.157	-	-
Dividend Growth	-30.15%	-30.15%	27.89%	-	-	-
Gross Margin	38.89%	39.91%	39.80%	35.56%	31.27%	28.44%
Operating Margin	18.67%	17.87%	18.38%	17.64%	16.58%	14.37%
Profit Margin	19.00%	18.40%	19.62%	17.28%	14.59%	11.98%
Free Cash Flow Margin	-22.61%	-19.11%	7.71%	13.92%	6.36%	-7.14%
EBITDA	104.46	92	75.11	64.07	65.26	55.88
EBITDA Margin	20.32%	19.54%	19.73%	18.91%	17.43%	14.88%
D&A For EBITDA	8.5	7.83	5.16	4.3	3.18	1.93
EBIT	95.96	84.17	69.95	59.77	62.08	53.95
EBIT Margin	18.67%	17.87%	18.38%	17.64%	16.58%	14.37%
Effective Tax Rate	12.88%	14.11%	14.25%	13.36%	11.71%	12.99%
Revenue as Reported	514.02	470.96	380.67	338.93	374.36	-