SHA:688621 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	1,016	1,077	930.98	676.39	492.86	346.82
Other Revenue	1.61	1.61	1.14	0.21	0.79	0.54
Revenue	1,018	1,078	932.12	676.61	493.65	347.36
Revenue Growth (YoY)	-12.04%	15.70%	37.76%	37.06%	42.12%	48.74%
Cost of Revenue	520.17	537.33	403.77	301.15	229.97	175.02
Gross Profit	497.38	541.14	528.35	375.46	263.68	172.33
Selling, General & Admin	159.8	150.44	153.24	110.81	85.63	52.87
Research & Development	167.97	171.94	123.68	89.69	47.58	34.19
Other Operating Expenses	-4.9	0.76	0.2	0.16	0.04	0.04
Operating Expenses	371.81	364.82	334.89	219.32	143.72	90.16
Operating Income	125.57	176.32	193.46	156.14	119.97	82.17
Interest Expense	-16.25	-16.11	-12.18	-9.7	-3.56	-1.04
Interest & Investment Income	4.17	5.67	8.53	8.78	2.52	0.63
Other Non Operating Income (Expenses)	-1.09	-2.66	-2.47	-0.96	-0.72	0.26
EBT Excluding Unusual Items	112.39	163.22	187.35	154.25	118.21	82.02
Gain (Loss) on Sale of Investments	-1.82	-1.82	-	-	-	-
Gain (Loss) on Sale of Assets	-0.56	-0.31	-0.71	-0.25	-0.51	-0.08
Other Unusual Items	13.43	14.9	6.76	15.14	4.4	0.34
Pretax Income	123.44	175.99	193.4	169.14	122.1	82.28
Income Tax Expense	-6.05	6.97	10.5	10.43	13.31	8.12
Earnings From Continuing Operations	129.48	169.01	182.9	158.7	108.79	74.16
Minority Interest in Earnings	3.52	8.4	1.86	-2.23	-3.13	-1.7
Net Income	133.01	177.41	184.76	156.47	105.66	72.46
Net Income to Common	133.01	177.41	184.76	156.47	105.66	72.46
Net Income Growth	-39.92%	-3.98%	18.08%	48.09%	45.81%	52.88%
Shares Outstanding (Basic)	110	112	112	112	98	84
Shares Outstanding (Diluted)	110	112	112	112	98	84
Shares Change (YoY)	-1.81%	0.28%	0.19%	14.09%	16.84%	-0.19%
EPS (Basic)	1.21	1.58	1.65	1.40	1.08	0.86
EPS (Diluted)	1.21	1.58	1.65	1.40	1.08	0.86
EPS Growth	-38.81%	-4.24%	17.86%	29.80%	24.80%	53.16%
Free Cash Flow	64.09	1.54	19.9	0.09	3.29	35.96
Free Cash Flow Per Share	0.58	0.01	0.18	0.00	0.03	0.43
Dividend Per Share	0.163	0.163	0.165	0.429	0.189	-
Dividend Growth	-1.21%	-1.21%	-61.50%	126.41%	-	-
Gross Margin	48.88%	50.18%	56.68%	55.49%	53.41%	49.61%
Operating Margin	12.34%	16.35%	20.76%	23.08%	24.30%	23.66%
Profit Margin	13.07%	16.45%	19.82%	23.13%	21.40%	20.86%
Free Cash Flow Margin	6.30%	0.14%	2.14%	0.01%	0.67%	10.35%
EBITDA	153.48	201.69	215.47	173.19	131.47	91.78
EBITDA Margin	15.08%	18.70%	23.12%	25.60%	26.63%	26.42%
D&A For EBITDA	27.91	25.38	22.01	17.05	11.5	9.61
EBIT	125.57	176.32	193.46	156.14	119.97	82.17
EBIT Margin	12.34%	16.35%	20.76%	23.08%	24.30%	23.66%
Effective Tax Rate	-	3.96%	5.43%	6.17%	10.90%	9.87%
Revenue as Reported	1,018	1,078	932.12	676.61	493.65	347.36
Advertising Expenses	-	0.58	1.69	1.17	1.13	0.79

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