SHA:688667 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
Revenue	1,194	1,196	1,008	712	834.68
Revenue Growth (YoY)	-0.17%	18.57%	41.64%	-14.70%	9.48%
Cost of Revenue	890.14	988.45	772.99	460.99	578.13
Gross Profit	303.6	207.32	235.49	251.01	256.55
Selling, General & Admin	61.83	60.1	55.6	55.34	46.28
Research & Development	116.51	157.37	164.95	169.21	101.17
Other Operating Expenses	-10.93	-6.57	-12.99	-6.65	-13.86
Operating Expenses	167.42	211.59	215.61	219.17	138.07
Operating Income	136.17	-4.27	19.87	31.84	118.48
Interest Expense	-	-0.38	-0.28	-0.43	-1.41
Interest & Investment Income	7.87	7.47	9.62	15.07	18.61
Currency Exchange Gain (Loss)	-	-0	-	-	-0
Other Non Operating Income (Expenses)	1.22	-0.12	-0.08	-0.26	-0.03
EBT Excluding Unusual Items	145.27	2.69	29.13	46.22	135.65
Gain (Loss) on Sale of Investments	3.27	2.03	1.95	6.38	1.62
Gain (Loss) on Sale of Assets	0.01	-0.25	-1.42	-0.35	-0.07
Asset Writedown	-12.81	-	-	-	-
Other Unusual Items	-	4.54	10.57	9.17	10.68
Pretax Income	135.73	9.02	40.23	61.42	147.88
Income Tax Expense	0.2	-6.93	-8.91	-5.61	10.33
Earnings From Continuing Operations	135.53	15.95	49.13	67.03	137.55
Minority Interest in Earnings	0.1	-	-	-	-
Net Income	135.63	15.95	49.13	67.03	137.55
Net Income to Common	135.63	15.95	49.13	67.03	137.55
Net Income Growth	750.56%	-67.55%	-26.70%	-51.27%	-12.30%
Shares Outstanding (Basic)	52	51	52	52	48
Shares Outstanding (Diluted)	52	51	53	52	49
Shares Change (YoY)	1.41%	-2.64%	0.89%	7.36%	25.95%
EPS (Basic)	2.61	0.31	0.95	1.30	2.84
EPS (Diluted)	2.60	0.31	0.93	1.28	2.82
EPS Growth	738.71%	-66.67%	-27.34%	-54.61%	-30.37%
Free Cash Flow	189.3	193.96	-161.15	-241.51	-14.98
Free Cash Flow Per Share	3.63	3.77	-3.05	-4.61	-0.31
Dividend Per Share	-	0.099	0.285	0.150	0.600
Dividend Growth	-	-65.18%	90.00%	-75.00%	-
Gross Margin	25.43%	17.34%	23.35%	35.25%	30.74%
Operating Margin	11.41%	-0.36%	1.97%	4.47%	14.19%
Profit Margin	11.36%	1.33%	4.87%	9.41%	16.48%
Free Cash Flow Margin	15.86%	16.22%	-15.98%	-33.92%	-1.79%
EBITDA	177.66	31.45	48.14	48.34	130.58
EBITDA Margin	14.88%	2.63%	4.77%	6.79%	15.64%
D&A For EBITDA	41.49	35.72	28.27	16.49	12.1
EBIT	136.17	-4.27	19.87	31.84	118.48
EBIT Margin	11.41%	-0.36%	1.97%	4.47%	14.19%
Effective Tax Rate	0.15%	-	-	-	6.98%
Revenue as Reported	-	1,196	1,008	712	834.68
Advertising Expenses	-	0.29	0.08	0.09	0.43

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