SHA:688621 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	1,218	1,077	930.98	676.39	492.86
Other Revenue	-	1.61	1.14	0.21	0.79
Revenue	1,218	1,078	932.12	676.61	493.65
Revenue Growth (YoY)	12.92%	15.70%	37.76%	37.06%	42.12%
Cost of Revenue	-	537.33	403.77	301.15	229.97
Gross Profit	1,218	541.14	528.35	375.46	263.68
Selling, General & Admin	-	150.44	153.24	110.81	85.63
Research & Development	-	171.94	123.68	89.69	47.58
Other Operating Expenses	1,014	0.76	0.2	0.16	0.04
Operating Expenses	1,014	364.82	334.89	219.32	143.72
Operating Income	204.2	176.32	193.46	156.14	119.97
Interest Expense	-	-16.11	-12.18	-9.7	-3.56
Interest & Investment Income	-	5.67	8.53	8.78	2.52
Other Non Operating Income (Expenses)	-3.12	-2.66	-2.47	-0.96	-0.72
EBT Excluding Unusual Items	201.08	163.22	187.35	154.25	118.21
Gain (Loss) on Sale of Investments	-	-1.82	-	-	-
Gain (Loss) on Sale of Assets	-	-0.31	-0.71	-0.25	-0.51
Other Unusual Items	-	14.9	6.76	15.14	4.4
Pretax Income	201.08	175.99	193.4	169.14	122.1
Income Tax Expense	5	6.97	10.5	10.43	13.31
Earnings From Continuing Operations	196.08	169.01	182.9	158.7	108.79
Minority Interest in Earnings	-	8.4	1.86	-2.23	-3.13
Net Income	196.08	177.41	184.76	156.47	105.66
Net Income to Common	196.08	177.41	184.76	156.47	105.66
Net Income Growth	10.53%	-3.98%	18.08%	48.09%	45.81%
Shares Outstanding (Basic)	110	112	112	112	98
Shares Outstanding (Diluted)	110	112	112	112	98
Shares Change (YoY)	-2.44%	0.28%	0.19%	14.09%	16.84%
EPS (Basic)	1.79	1.58	1.65	1.40	1.08
EPS (Diluted)	1.79	1.58	1.65	1.40	1.08
EPS Growth	13.29%	-4.24%	17.86%	29.80%	24.80%
Free Cash Flow	-	1.54	19.9	0.09	3.29
Free Cash Flow Per Share	-	0.01	0.18	0.00	0.03
Dividend Per Share	-	0.163	0.165	0.429	0.189
Dividend Growth	-	-1.21%	-61.50%	126.41%	-
Gross Margin	100.00%	50.18%	56.68%	55.49%	53.41%
Operating Margin	16.77%	16.35%	20.76%	23.08%	24.30%
Profit Margin	16.10%	16.45%	19.82%	23.13%	21.40%
Free Cash Flow Margin	-	0.14%	2.14%	0.01%	0.67%
EBITDA	229.58	201.69	215.47	173.19	131.47
EBITDA Margin	18.85%	18.70%	23.12%	25.60%	26.63%
D&A For EBITDA	25.38	25.38	22.01	17.05	11.5
EBIT	204.2	176.32	193.46	156.14	119.97
EBIT Margin	16.77%	16.35%	20.76%	23.08%	24.30%
Effective Tax Rate	2.48%	3.96%	5.43%	6.17%	10.90%
Revenue as Reported	-	1,078	932.12	676.61	493.65
Advertising Expenses	-	0.58	1.69	1.17	1.13

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