SHA:688677 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	627.47	599.9	440.59	468.49	476.09	309.62
Other Revenue	2.71	2.71	2.24	2.11	0.73	0.06
Revenue	630.18	602.61	442.83	470.6	476.82	309.67
Revenue Growth (YoY)	33.49%	36.08%	-5.90%	-1.31%	53.97%	12.53%
Cost of Revenue	225.36	213.63	162.76	176.88	171.56	116.79
Gross Profit	404.82	388.98	280.07	293.72	305.26	192.89
Selling, General & Admin	118.11	112.89	77.05	69.82	56.35	42.99
Research & Development	74.72	72.74	54.15	65.89	59.9	41.34
Other Operating Expenses	6.65	6.37	2.05	5.01	4.38	3.66
Operating Expenses	200.05	191.8	134.41	139.81	122.19	88.33
Operating Income	204.77	197.18	145.66	153.92	183.07	104.56
Interest Expense	-2.92	-2.99	-0.51	-0.47	-0.37	-0.35
Interest & Investment Income	5.23	5.8	4.86	4.63	10.59	14.57
Earnings From Equity Investments	-1.13	-	-	-	-	-
Currency Exchange Gain (Loss)	-1.92	-1.92	4.8	0.91	8.4	-2.71
Other Non Operating Income (Expenses)	-4.33	-0.21	-0.28	-0.19	0.01	-0.21
EBT Excluding Unusual Items	199.71	197.85	154.53	158.79	201.69	115.85
Gain (Loss) on Sale of Investments	-13.49	-13.5	-4.95	-3.14	-	-
Gain (Loss) on Sale of Assets	0.01	0.01	-0.22	-0.18	-0.53	-0.27
Asset Writedown	-1.14	-	-	-	-2.77	-
Other Unusual Items	6.42	6.42	3.12	4.76	7.09	17.65
Pretax Income	191.51	190.79	152.48	160.24	205.49	133.24
Income Tax Expense	25.3	24.88	18.73	18.07	23.78	16.08
Earnings From Continuing Operations	166.21	165.91	133.75	142.17	181.71	117.16
Minority Interest in Earnings	5.04	4.84	1.6	3.55	0.86	0.57
Net Income	171.25	170.74	135.35	145.71	182.57	117.73
Net Income to Common	171.25	170.74	135.35	145.71	182.57	117.73
Net Income Growth	19.26%	26.15%	-7.11%	-20.19%	55.07%	22.19%
Shares Outstanding (Basic)	118	119	121	121	122	117
Shares Outstanding (Diluted)	118	119	121	121	122	117
Shares Change (YoY)	-2.15%	-1.88%	-0.48%	-0.24%	4.12%	28.26%
EPS (Basic)	1.45	1.44	1.12	1.20	1.50	1.01
EPS (Diluted)	1.45	1.44	1.12	1.20	1.50	1.01
EPS Growth	21.89%	28.57%	-6.67%	-20.00%	48.94%	-4.73%
Free Cash Flow	122.93	133.08	36.05	102.14	2.7	3.89
Free Cash Flow Per Share	1.04	1.12	0.30	0.84	0.02	0.03
Dividend Per Share	0.600	0.600	0.600	0.550	0.571	0.293
Dividend Growth	-	-	9.09%	-3.74%	95.08%	2.52%
Gross Margin	64.24%	64.55%	63.25%	62.41%	64.02%	62.29%
Operating Margin	32.49%	32.72%	32.89%	32.71%	38.39%	33.76%
Profit Margin	27.18%	28.33%	30.56%	30.96%	38.29%	38.02%
Free Cash Flow Margin	19.51%	22.08%	8.14%	21.70%	0.57%	1.26%
EBITDA	239.58	230.34	172.26	176.75	197	114.27
EBITDA Margin	38.02%	38.22%	38.90%	37.56%	41.31%	36.90%
D&A For EBITDA	34.8	33.16	26.6	22.83	13.93	9.72
EBIT	204.77	197.18	145.66	153.92	183.07	104.56
EBIT Margin	32.49%	32.72%	32.89%	32.71%	38.39%	33.76%
Effective Tax Rate	13.21%	13.04%	12.28%	11.28%	11.57%	12.07%
Revenue as Reported	630.18	602.61	442.83	470.6	476.82	309.67
Advertising Expenses	-	4.47	3.62	2.49	2.57	2.38

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