SHA:688628 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	1,195	1,126	1,017	881.07	836.99	878.05
Other Revenue	4.89	4.89	3.29	10.36	5.15	7.51
Revenue	1,200	1,130	1,020	891.42	842.15	885.56
Revenue Growth (YoY)	10.03%	10.81%	14.44%	5.85%	-4.90%	63.98%
Cost of Revenue	682.87	627.69	583.28	572.91	557.59	548.73
Gross Profit	516.67	502.72	436.87	318.51	284.56	336.84
Selling, General & Admin	214.73	196.13	168.45	127.99	116.45	117.53
Research & Development	133.77	116.72	103.2	71.52	59.19	41.85
Other Operating Expenses	9.52	8.9	9.71	8.29	3.57	7
Operating Expenses	359.23	324.17	281.46	209	180.21	167.01
Operating Income	157.44	178.55	155.41	109.51	104.35	169.83
Interest Expense	-3.03	-0.75	-0.29	-0.14	-0.12	-0.66
Interest & Investment Income	10.39	14.54	12.05	8.46	9.62	0.93
Currency Exchange Gain (Loss)	5.58	5.58	4.86	7.14	-0.92	-4.81
Other Non Operating Income (Expenses)	2.15	-1.04	-0.9	-0.45	-0.69	-0.77
EBT Excluding Unusual Items	172.54	196.88	171.12	124.52	112.23	164.53
Gain (Loss) on Sale of Investments	-0.97	0.02	0.06	0.3	-0.37	-
Gain (Loss) on Sale of Assets	-0.18	-0.13	-0.1	-0.1	-0.09	-0.5
Asset Writedown	2.11	-	-	-	-	-
Other Unusual Items	3.42	3.57	4.57	1.87	8.43	5.46
Pretax Income	176.92	200.33	175.66	126.58	120.2	169.49
Income Tax Expense	17.34	21.19	17.35	11.61	12.16	22.49
Earnings From Continuing Operations	159.58	179.14	158.31	114.97	108.04	146.99
Minority Interest in Earnings	7.34	4.26	3.08	2.43	0.68	0
Net Income	166.92	183.4	161.39	117.41	108.72	146.99
Net Income to Common	166.92	183.4	161.39	117.41	108.72	146.99
Net Income Growth	-7.86%	13.64%	37.46%	7.99%	-26.04%	175.95%
Shares Outstanding (Basic)	111	110	111	111	108	83
Shares Outstanding (Diluted)	111	110	111	111	108	83
Shares Change (YoY)	0.10%	-0.05%	-0.20%	2.90%	30.35%	6.97%
EPS (Basic)	1.51	1.66	1.46	1.06	1.01	1.78
EPS (Diluted)	1.51	1.66	1.46	1.06	1.01	1.78
EPS Growth	-7.95%	13.70%	37.74%	4.95%	-43.26%	157.97%
Free Cash Flow	1.01	67.71	83.49	-12.23	-182.52	163.76
Free Cash Flow Per Share	0.01	0.61	0.76	-0.11	-1.70	1.98
Dividend Per Share	1.300	1.300	0.900	0.380	0.300	0.450
Dividend Growth	8.33%	44.44%	136.84%	26.67%	-33.33%	-
Gross Margin	43.07%	44.47%	42.82%	35.73%	33.79%	38.04%
Operating Margin	13.13%	15.79%	15.23%	12.28%	12.39%	19.18%
Profit Margin	13.91%	16.23%	15.82%	13.17%	12.91%	16.60%
Free Cash Flow Margin	0.08%	5.99%	8.18%	-1.37%	-21.67%	18.49%
EBITDA	195.45	215.36	190.63	140.54	125.18	188.57
EBITDA Margin	16.29%	19.05%	18.69%	15.77%	14.86%	21.29%
D&A For EBITDA	38.01	36.81	35.21	31.03	20.83	18.74
EBIT	157.44	178.55	155.41	109.51	104.35	169.83
EBIT Margin	13.13%	15.79%	15.23%	12.28%	12.39%	19.18%
Effective Tax Rate	9.80%	10.58%	9.88%	9.17%	10.12%	13.27%
Revenue as Reported	1,200	1,130	1,020	891.42	842.15	885.56
Advertising Expenses	-	31.43	29.72	15.67	17.94	13.91

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