SHA:688652 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	1,480	1,426	1,026	742.28	652.67	501.37
Other Revenue	0.54	0.54	-	-	11.05	-
Revenue	1,481	1,426	1,026	742.28	663.72	501.37
Revenue Growth (YoY)	29.29%	38.95%	38.29%	11.84%	32.38%	43.74%
Cost of Revenue	1,015	993.04	704.5	506.61	447.88	314.4
Gross Profit	465.56	433.2	321.97	235.67	215.85	186.97
Selling, General & Admin	173.25	160.12	127.2	102.82	81.2	91.57
Research & Development	147.29	139.96	94.15	61.51	48.41	32.84
Other Operating Expenses	9.53	8.83	-24.11	-20.01	-14.88	-4.57
Operating Expenses	315.51	303.24	207.67	142.41	123.07	120.64
Operating Income	150.04	129.96	114.29	93.26	92.77	66.33
Interest Expense	-1.24	-1.67	-1.34	-4.07	-3.87	-2.32
Interest & Investment Income	14.69	14.33	24.66	6.1	0.55	0.27
Currency Exchange Gain (Loss)	-1.91	-1.91	-0.59	0.53	1.36	-1.26
Other Non Operating Income (Expenses)	-2.74	-1.03	0.39	-0.45	-0.61	-1.74
EBT Excluding Unusual Items	158.84	139.66	137.42	95.37	90.21	61.28
Gain (Loss) on Sale of Investments	8.58	9.07	7.08	0.07	-	-
Gain (Loss) on Sale of Assets	0.11	0.11	-0.04	-	-	-
Asset Writedown	-6.49	-0	0.01	-0.01	-0	0.01
Other Unusual Items	10.36	10.36	23.3	37.82	10.78	4.61
Pretax Income	171.4	159.2	167.77	133.25	100.99	65.9
Income Tax Expense	12.91	11.27	14.86	14.11	9.87	7.1
Net Income	158.49	147.93	152.91	119.14	91.12	58.8
Net Income to Common	158.49	147.93	152.91	119.14	91.12	58.8
Net Income Growth	-1.40%	-3.26%	28.35%	30.75%	54.95%	828.81%
Shares Outstanding (Basic)	167	168	168	129	127	120
Shares Outstanding (Diluted)	167	168	168	129	127	120
Shares Change (YoY)	-1.57%	0.04%	29.76%	2.32%	5.45%	-
EPS (Basic)	0.95	0.88	0.91	0.92	0.72	0.49
EPS (Diluted)	0.95	0.88	0.91	0.92	0.72	0.49
EPS Growth	0.17%	-3.30%	-1.09%	27.78%	46.94%	-
Free Cash Flow	240.21	139.52	-120.34	11.75	-5.3	12.06
Free Cash Flow Per Share	1.44	0.83	-0.72	0.09	-0.04	0.10
Dividend Per Share	0.125	0.125	0.125	0.075	-	-
Dividend Growth	-	-	66.67%	-	-	-
Gross Margin	31.44%	30.37%	31.37%	31.75%	32.52%	37.29%
Operating Margin	10.13%	9.11%	11.13%	12.56%	13.98%	13.23%
Profit Margin	10.70%	10.37%	14.90%	16.05%	13.73%	11.73%
Free Cash Flow Margin	16.22%	9.78%	-11.72%	1.58%	-0.80%	2.40%
EBITDA	158.85	138.28	120.69	97.39	96.66	69.51
EBITDA Margin	10.73%	9.70%	11.76%	13.12%	14.56%	13.86%
D&A For EBITDA	8.8	8.32	6.4	4.12	3.88	3.18
EBIT	150.04	129.96	114.29	93.26	92.77	66.33
EBIT Margin	10.13%	9.11%	11.13%	12.56%	13.98%	13.23%
Effective Tax Rate	7.53%	7.08%	8.86%	10.59%	9.78%	10.77%
Revenue as Reported	1,481	1,426	1,026	742.28	663.72	-

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