SHA:688628 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	1,305	1,221	1,126	1,017	881.07	836.99
Other Revenue	-	-	4.89	3.29	10.36	5.15
Revenue	1,305	1,221	1,130	1,020	891.42	842.15
Revenue Growth (YoY)	12.71%	7.99%	10.81%	14.44%	5.85%	-4.90%
Cost of Revenue	727.8	693.87	627.69	583.28	572.91	557.59
Gross Profit	576.88	526.89	502.72	436.87	318.51	284.56
Selling, General & Admin	235.52	223.73	196.13	168.45	127.99	116.45
Research & Development	149.68	145.93	116.72	103.2	71.52	59.19
Other Operating Expenses	5.56	6.27	8.9	9.71	8.29	3.57
Operating Expenses	390.76	375.93	324.17	281.46	209	180.21
Operating Income	186.12	150.96	178.55	155.41	109.51	104.35
Interest Expense	-	-	-0.75	-0.29	-0.14	-0.12
Interest & Investment Income	2.03	2.97	14.54	12.05	8.46	9.62
Currency Exchange Gain (Loss)	-	-	5.58	4.86	7.14	-0.92
Other Non Operating Income (Expenses)	-12.82	1.21	-1.04	-0.9	-0.45	-0.69
EBT Excluding Unusual Items	175.34	155.14	196.88	171.12	124.52	112.23
Gain (Loss) on Sale of Investments	-0.21	-	0.02	0.06	0.3	-0.37
Gain (Loss) on Sale of Assets	0.04	0.05	-0.13	-0.1	-0.1	-0.09
Asset Writedown	-9.41	-8.64	-	-	-	-
Other Unusual Items	-	-	3.57	4.57	1.87	8.43
Pretax Income	165.76	146.55	200.33	175.66	126.58	120.2
Income Tax Expense	4.61	4.24	21.19	17.35	11.61	12.16
Earnings From Continuing Operations	161.15	142.31	179.14	158.31	114.97	108.04
Minority Interest in Earnings	7.53	8.92	4.26	3.08	2.43	0.68
Net Income	168.68	151.23	183.4	161.39	117.41	108.72
Net Income to Common	168.68	151.23	183.4	161.39	117.41	108.72
Net Income Growth	-8.28%	-17.54%	13.64%	37.46%	7.99%	-26.04%
Shares Outstanding (Basic)	112	111	110	111	111	108
Shares Outstanding (Diluted)	112	111	110	111	111	108
Shares Change (YoY)	1.25%	0.64%	-0.05%	-0.20%	2.90%	30.35%
EPS (Basic)	1.51	1.36	1.66	1.46	1.06	1.01
EPS (Diluted)	1.51	1.36	1.66	1.46	1.06	1.01
EPS Growth	-9.41%	-18.07%	13.70%	37.74%	4.95%	-43.26%
Free Cash Flow	-69.09	-33.96	67.71	83.49	-12.23	-182.52
Free Cash Flow Per Share	-0.62	-0.30	0.61	0.76	-0.11	-1.70
Dividend Per Share	-	-	1.300	0.900	0.380	0.300
Dividend Growth	-	-	44.44%	136.84%	26.67%	-33.33%
Gross Margin	44.22%	43.16%	44.47%	42.82%	35.73%	33.79%
Operating Margin	14.27%	12.37%	15.79%	15.23%	12.28%	12.39%
Profit Margin	12.93%	12.39%	16.23%	15.82%	13.17%	12.91%
Free Cash Flow Margin	-5.29%	-2.78%	5.99%	8.18%	-1.37%	-21.67%
EBITDA	233.93	196.57	215.36	190.63	140.54	125.18
EBITDA Margin	17.93%	16.10%	19.05%	18.69%	15.77%	14.86%
D&A For EBITDA	47.81	45.61	36.81	35.21	31.03	20.83
EBIT	186.12	150.96	178.55	155.41	109.51	104.35
EBIT Margin	14.27%	12.37%	15.79%	15.23%	12.28%	12.39%
Effective Tax Rate	2.78%	2.89%	10.58%	9.88%	9.17%	10.12%
Revenue as Reported	-	-	1,130	1,020	891.42	842.15
Advertising Expenses	-	-	31.43	29.72	15.67	17.94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.