SHA:688677 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	569.56	440.59	468.49	476.09	309.62	274.5
Other Revenue	2.24	2.24	2.11	0.73	0.06	0.7
Revenue	571.8	442.83	470.6	476.82	309.67	275.2
Revenue Growth (YoY)	38.44%	-5.90%	-1.31%	53.97%	12.53%	8.83%
Cost of Revenue	203.31	162.76	176.88	171.56	116.79	102.38
Gross Profit	368.49	280.07	293.72	305.26	192.89	172.81
Selling, General & Admin	101.88	77.05	69.82	56.35	42.99	31.68
Research & Development	58.58	54.15	65.89	59.9	41.34	30.92
Other Operating Expenses	9.93	5.09	5.01	4.38	3.66	3.25
Operating Expenses	170.88	137.45	139.81	122.19	88.33	66.45
Operating Income	197.6	142.63	153.92	183.07	104.56	106.37
Interest Expense	-2.18	-0.51	-0.47	-0.37	-0.35	-1.86
Interest & Investment Income	5.7	4.86	4.63	10.59	14.57	0.31
Currency Exchange Gain (Loss)	4.8	4.8	0.91	8.4	-2.71	-3.3
Other Non Operating Income (Expenses)	-1.46	-0.28	-0.19	0.01	-0.21	-0.22
EBT Excluding Unusual Items	204.46	151.49	158.79	201.69	115.85	101.29
Gain (Loss) on Sale of Investments	-10.67	-4.95	-3.14	-	-	-0.93
Gain (Loss) on Sale of Assets	-0.25	-0.22	-0.18	-0.53	-0.27	-0.04
Asset Writedown	-1.26	-	-	-2.77	-	-
Other Unusual Items	6.15	6.15	4.76	7.09	17.65	10.62
Pretax Income	198.44	152.48	160.24	205.49	133.24	110.95
Income Tax Expense	27.79	18.73	18.07	23.78	16.08	14.94
Earnings From Continuing Operations	170.65	133.75	142.17	181.71	117.16	96.01
Minority Interest in Earnings	3.68	1.6	3.55	0.86	0.57	0.34
Net Income	174.33	135.35	145.71	182.57	117.73	96.35
Net Income to Common	174.33	135.35	145.71	182.57	117.73	96.35
Net Income Growth	39.56%	-7.11%	-20.19%	55.07%	22.19%	33.95%
Shares Outstanding (Basic)	120	121	121	122	117	91
Shares Outstanding (Diluted)	120	121	121	122	117	91
Shares Change (YoY)	0.14%	-0.48%	-0.24%	4.12%	28.26%	-2.25%
EPS (Basic)	1.45	1.12	1.20	1.50	1.01	1.06
EPS (Diluted)	1.45	1.12	1.20	1.50	1.01	1.06
EPS Growth	39.37%	-6.67%	-20.00%	48.94%	-4.73%	37.04%
Free Cash Flow	79.79	36.05	102.14	2.7	3.89	46.22
Free Cash Flow Per Share	0.66	0.30	0.84	0.02	0.03	0.51
Dividend Per Share	0.600	0.600	0.550	0.571	0.293	0.286
Dividend Growth	9.09%	9.09%	-3.74%	95.08%	2.52%	-
Gross Margin	64.44%	63.25%	62.41%	64.02%	62.29%	62.80%
Operating Margin	34.56%	32.21%	32.71%	38.39%	33.76%	38.65%
Profit Margin	30.49%	30.56%	30.96%	38.29%	38.02%	35.01%
Free Cash Flow Margin	13.95%	8.14%	21.70%	0.57%	1.26%	16.80%
EBITDA	225.77	168.51	176.75	197	114.27	115.55
EBITDA Margin	39.48%	38.05%	37.56%	41.31%	36.90%	41.99%
D&A For EBITDA	28.17	25.88	22.83	13.93	9.72	9.18
EBIT	197.6	142.63	153.92	183.07	104.56	106.37
EBIT Margin	34.56%	32.21%	32.71%	38.39%	33.76%	38.65%
Effective Tax Rate	14.01%	12.28%	11.28%	11.57%	12.07%	13.46%
Revenue as Reported	571.8	442.83	470.6	476.82	309.67	275.2
Advertising Expenses	-	3.62	2.49	2.57	2.38	0.9

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