SHA:688655 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	644.61	452.46	445.66	429.97	545.68
Other Revenue	44.52	22.12	18.46	14.69	18.39
Revenue	689.13	474.59	464.12	444.66	564.07
Revenue Growth (YoY)	45.21%	2.25%	4.38%	-21.17%	26.04%
Cost of Revenue	597.67	390.76	380.69	344.05	417.32
Gross Profit	91.47	83.83	83.43	100.61	146.74
Selling, General & Admin	64.94	52.11	48	41.22	40.51
Research & Development	38.93	32.14	32.49	29.61	37.09
Other Operating Expenses	4.61	0.32	3.59	3	3.96
Operating Expenses	111.64	84.91	84.17	74.48	82.75
Operating Income	-20.18	-1.08	-0.74	26.12	63.99
Interest Expense	-6.47	-5.43	-2.18	-0.97	-0.86
Interest & Investment Income	3.32	3.55	5.04	4.78	3.53
Currency Exchange Gain (Loss)	-1.71	2.78	3.56	8.04	-1.23
Other Non Operating Income (Expenses)	-0.72	-0.41	-0.43	-0.53	-0.19
EBT Excluding Unusual Items	-25.75	-0.58	5.25	37.44	65.25
Gain (Loss) on Sale of Investments	-0.92	0.01	-0.14	0.23	0.05
Gain (Loss) on Sale of Assets	-0.36	0.53	-0.04	0.13	-0.06
Asset Writedown	-0.07	-0.09	-0.01	-	-
Other Unusual Items	3.71	5.53	5.73	12.15	4.17
Pretax Income	-23.11	5.48	10.79	49.94	69.41
Income Tax Expense	-0.73	7.46	-2.68	3.42	5.33
Net Income	-22.38	-1.97	13.47	46.51	64.08
Net Income to Common	-22.38	-1.97	13.47	46.51	64.08
Net Income Growth	-	-	-71.04%	-27.41%	13.43%
Shares Outstanding (Basic)	132	197	135	133	123
Shares Outstanding (Diluted)	132	197	135	133	123
Shares Change (YoY)	-33.31%	46.55%	1.35%	7.85%	22.15%
EPS (Basic)	-0.17	-0.01	0.10	0.35	0.52
EPS (Diluted)	-0.17	-0.01	0.10	0.35	0.52
EPS Growth	-	-	-71.43%	-32.69%	-7.14%
Free Cash Flow	-104.52	-51.06	-141.65	9.22	13.55
Free Cash Flow Per Share	-0.79	-0.26	-1.05	0.07	0.11
Dividend Per Share	-	-	0.075	0.075	0.075
Gross Margin	13.27%	17.66%	17.97%	22.63%	26.02%
Operating Margin	-2.93%	-0.23%	-0.16%	5.88%	11.34%
Profit Margin	-3.25%	-0.42%	2.90%	10.46%	11.36%
Free Cash Flow Margin	-15.17%	-10.76%	-30.52%	2.07%	2.40%
EBITDA	35.23	40.3	40.7	56.51	90.1
EBITDA Margin	5.11%	8.49%	8.77%	12.71%	15.97%
D&A For EBITDA	55.4	41.38	41.44	30.39	26.1
EBIT	-20.18	-1.08	-0.74	26.12	63.99
EBIT Margin	-2.93%	-0.23%	-0.16%	5.88%	11.34%
Effective Tax Rate	-	136.00%	-	6.85%	7.68%
Revenue as Reported	689.13	474.59	464.12	444.66	564.07
Advertising Expenses	0.28	0.36	0.08	0.06	0.14

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.