SHA:688610 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	412.64	229.88	222	245.89	164.48
Other Revenue	27.67	18.38	13.58	16.78	-
Revenue	440.31	248.26	235.58	262.67	164.48
Revenue Growth (YoY)	77.36%	5.38%	-10.31%	59.69%	139.90%
Cost of Revenue	267.36	168.83	154.86	149.09	84.92
Gross Profit	172.95	79.43	80.71	113.58	79.56
Selling, General & Admin	78.22	62.74	54.8	34.12	24.83
Research & Development	55.12	44.64	29.66	22.35	17.22
Other Operating Expenses	-8.82	-14.37	-8.33	-17.84	-3.09
Operating Expenses	128.59	93.05	79.47	37.92	41.51
Operating Income	44.36	-13.62	1.24	75.66	38.05
Interest Expense	-0.96	-0.74	-2.49	-0.32	-1.32
Interest & Investment Income	22.63	27.13	14.83	1.16	0.88
Currency Exchange Gain (Loss)	-0.03	0.01	-0	0.08	-
Other Non Operating Income (Expenses)	-0.08	0.48	-0.12	-0.11	-0.34
EBT Excluding Unusual Items	65.92	13.25	13.45	76.47	37.26
Gain (Loss) on Sale of Investments	-	-	-	0.16	0.03
Gain (Loss) on Sale of Assets	-	-0	-0.93	0.18	0.01
Asset Writedown	-0.01	-0.01	-	-1.42	-
Other Unusual Items	0.1	0.01	2.32	3.91	12.94
Pretax Income	66.01	13.25	14.84	79.3	50.23
Income Tax Expense	2.04	-2.48	-0.91	8.82	6.15
Net Income	63.97	15.72	15.75	70.48	44.08
Net Income to Common	63.97	15.72	15.75	70.48	44.08
Net Income Growth	306.84%	-0.18%	-77.65%	59.91%	-
Shares Outstanding (Basic)	67	68	58	51	50
Shares Outstanding (Diluted)	67	68	58	51	50
Shares Change (YoY)	-2.53%	17.18%	14.22%	3.13%	-
EPS (Basic)	0.96	0.23	0.27	1.38	0.89
EPS (Diluted)	0.96	0.23	0.27	1.38	0.89
EPS Growth	317.39%	-14.82%	-80.44%	55.06%	-
Free Cash Flow	-111.99	2.05	-61.09	-56.86	-71.93
Free Cash Flow Per Share	-1.68	0.03	-1.05	-1.11	-1.45
Dividend Per Share	0.020	-	0.200	-	-
Gross Margin	39.28%	31.99%	34.26%	43.24%	48.37%
Operating Margin	10.07%	-5.49%	0.53%	28.80%	23.13%
Profit Margin	14.53%	6.33%	6.69%	26.83%	26.80%
Free Cash Flow Margin	-25.44%	0.83%	-25.93%	-21.65%	-43.73%
EBITDA	49.21	-8.59	5.36	77.35	39.16
EBITDA Margin	11.18%	-3.46%	2.27%	29.45%	23.81%
D&A For EBITDA	4.85	5.03	4.12	1.7	1.11
EBIT	44.36	-13.62	1.24	75.66	38.05
EBIT Margin	10.07%	-5.49%	0.53%	28.80%	23.13%
Effective Tax Rate	3.09%	-	-	11.12%	12.25%
Advertising Expenses	2.55	2.04	1.34	0.95	-

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