SHA:688630 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	1,163	947.72	823.64	647.25	489.54	307.41
Other Revenue	6.22	6.22	5.21	5.03	2.71	2.68
Revenue	1,170	953.94	828.86	652.28	492.25	310.09
Revenue Growth (YoY)	14.33%	15.09%	27.07%	32.51%	58.74%	53.31%
Cost of Revenue	733.12	616.17	489.74	371.3	281.78	175.48
Gross Profit	436.42	337.77	339.11	280.98	210.46	134.6
Selling, General & Admin	110.32	96.23	76.38	63.37	48.91	34.76
Research & Development	111.3	97.7	94.54	84.74	56.48	33.94
Other Operating Expenses	-8.89	-13.26	-7.05	5.01	2.24	0.95
Operating Expenses	224.83	198.59	186.89	164.26	118	75.2
Operating Income	211.58	139.19	152.22	116.72	92.46	59.4
Interest Expense	-0.47	-0.47	-0.7	-0.22	-2.09	-0.11
Interest & Investment Income	26.39	25.69	18.35	9.39	9.55	3.6
Currency Exchange Gain (Loss)	-2.84	-2.84	1.7	2.78	2.05	-1.75
Other Non Operating Income (Expenses)	-6.94	-0.4	-0.9	-0.4	-1.05	1.7
EBT Excluding Unusual Items	227.73	161.16	170.67	128.27	100.91	62.84
Gain (Loss) on Sale of Investments	3.84	0.87	0.89	-0.06	1.54	0.36
Gain (Loss) on Sale of Assets	-0.25	0.01	-0.01	-0.86	0	0.01
Other Unusual Items	8.81	9.02	23.48	21.06	13.68	16.1
Pretax Income	225.06	171.07	195.03	148.4	116.14	79.48
Income Tax Expense	20.63	10.37	15.73	11.81	9.98	8.44
Net Income	204.43	160.7	179.31	136.59	106.16	71.04
Net Income to Common	204.43	160.7	179.31	136.59	106.16	71.04
Net Income Growth	-5.33%	-10.38%	31.28%	28.66%	49.44%	49.16%
Shares Outstanding (Basic)	131	131	125	121	113	91
Shares Outstanding (Diluted)	131	131	125	121	113	91
Shares Change (YoY)	5.38%	4.19%	3.74%	7.03%	24.00%	14.74%
EPS (Basic)	1.56	1.23	1.43	1.13	0.94	0.78
EPS (Diluted)	1.56	1.23	1.43	1.13	0.94	0.78
EPS Growth	-10.17%	-13.99%	26.55%	20.21%	20.51%	30.00%
Free Cash Flow	-151.79	-137.07	-156.83	-33.13	-102.07	-83.11
Free Cash Flow Per Share	-1.16	-1.05	-1.25	-0.27	-0.90	-0.91
Dividend Per Share	0.370	0.370	0.800	-	0.200	-
Dividend Growth	-53.75%	-53.75%	-	-	-	-
Gross Margin	37.31%	35.41%	40.91%	43.08%	42.76%	43.41%
Operating Margin	18.09%	14.59%	18.37%	17.89%	18.78%	19.16%
Profit Margin	17.48%	16.84%	21.63%	20.94%	21.57%	22.91%
Free Cash Flow Margin	-12.98%	-14.37%	-18.92%	-5.08%	-20.74%	-26.80%
EBITDA	225.4	154.07	168.52	127.11	98.34	62.86
EBITDA Margin	19.27%	16.15%	20.33%	19.49%	19.98%	20.27%
D&A For EBITDA	13.82	14.88	16.29	10.39	5.88	3.45
EBIT	211.58	139.19	152.22	116.72	92.46	59.4
EBIT Margin	18.09%	14.59%	18.37%	17.89%	18.78%	19.16%
Effective Tax Rate	9.16%	6.06%	8.06%	7.96%	8.59%	10.62%
Revenue as Reported	1,170	953.94	828.86	652.28	492.25	310.09
Advertising Expenses	-	1.9	2.12	1.02	1.34	0.5

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