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	Jun '26 Jun 30, 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	1,400	1,206	1,126	1,017	881.07	836.99
Other Revenue	18.73	14.88	4.89	3.29	10.36	5.15
Revenue	1,418	1,221	1,130	1,020	891.42	842.15
Revenue Growth	19.79%	7.99%	10.81%	14.44%	5.85%	-4.90%
Cost of Revenue	801.18	702.51	627.69	583.28	572.91	557.59
Gross Profit	617.28	518.25	502.72	436.87	318.51	284.56
Selling, General & Admin	245.35	223.73	196.13	168.45	127.99	116.45
Research & Development	154.88	145.93	116.72	103.2	71.52	59.19
Other Operating Expenses	10.27	8.59	8.9	9.71	8.29	3.57
Operating Expenses	413.43	379.77	324.17	281.46	209	180.21
Operating Income	203.84	138.47	178.55	155.41	109.51	104.35
Interest Expense	-2.36	-3.38	-0.75	-0.29	-0.14	-0.12
Interest & Investment Income	4.9	8.42	14.54	12.05	8.46	9.62
Currency Exchange Gain (Loss)	-15.96	3.28	5.58	4.86	7.14	-0.92
Other Non Operating Income (Expenses)	-1.04	-1.2	-1.04	-0.9	-0.45	-0.69
EBT Excluding Unusual Items	189.38	145.6	196.88	171.12	124.52	112.23
Gain (Loss) on Sale of Investments	-	-	0.02	0.06	0.3	-0.37
Gain (Loss) on Sale of Assets	-0.17	-0.11	-0.13	-0.1	-0.1	-0.09
Other Unusual Items	3.11	1.06	3.57	4.57	1.87	8.43
Pretax Income	192.32	146.55	200.33	175.66	126.58	120.2
Income Tax Expense	4.62	4.24	21.19	17.35	11.61	12.16
Earnings From Continuing Operations	187.7	142.31	179.14	158.31	114.97	108.04
Minority Interest in Earnings	5.49	8.92	4.26	3.08	2.43	0.68
Net Income	193.19	151.23	183.4	161.39	117.41	108.72
Net Income to Common	193.19	151.23	183.4	161.39	117.41	108.72
Net Income Growth	8.48%	-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	1.93%	0.64%	-0.05%	-0.20%	2.90%	30.35%
EPS (Basic)	1.72	1.36	1.66	1.46	1.06	1.01
EPS (Diluted)	1.72	1.36	1.66	1.46	1.06	1.01
EPS Growth	6.42%	-18.07%	13.70%	37.74%	4.95%	-43.26%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-57.4	-33.96	67.71	83.49	-12.23	-182.52
Free Cash Flow Per Share	-0.51	-0.30	0.61	0.76	-0.11	-1.70
Dividend Per Share	0.800	1.100	1.300	0.900	0.380	0.300
Dividend Growth	-38.46%	-15.38%	44.44%	136.84%	26.67%	-33.33%
Gross Margin	43.52%	42.45%	44.47%	42.82%	35.73%	33.79%
Operating Margin	14.37%	11.34%	15.79%	15.23%	12.28%	12.39%
Profit Margin	13.62%	12.39%	16.23%	15.82%	13.17%	12.91%
Free Cash Flow Margin	-4.05%	-2.78%	5.99%	8.18%	-1.37%	-21.67%
EBITDA	249.59	182.64	215.68	190.63	140.54	125.18
EBITDA Margin	17.60%	14.96%	19.08%	18.69%	15.77%	14.86%
D&A For EBITDA	45.74	44.17	37.13	35.21	31.03	20.83
EBIT	203.84	138.47	178.55	155.41	109.51	104.35
EBIT Margin	14.37%	11.34%	15.79%	15.23%	12.28%	12.39%
Effective Tax Rate	2.40%	2.89%	10.58%	9.88%	9.17%	10.12%
Revenue as Reported	1,418	1,221	1,130	1,020	891.42	842.15
Advertising Expenses	-	30.94	31.43	29.72	15.67	17.94