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	Jun '26 Jun 30, 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	655.1	599.9	440.59	468.49	476.09	309.62
Other Revenue	2.47	2.71	2.24	2.11	0.73	0.06
Revenue	657.57	602.61	442.83	470.6	476.82	309.67
Revenue Growth	34.74%	36.08%	-5.90%	-1.31%	53.97%	12.53%
Cost of Revenue	244.33	213.63	162.76	176.88	171.56	116.79
Gross Profit	413.23	388.98	280.07	293.72	305.26	192.89
Selling, General & Admin	123.81	112.89	77.05	69.82	56.35	42.99
Research & Development	78.19	72.74	54.15	65.89	59.9	41.34
Other Operating Expenses	7.38	6.37	2.05	5.01	4.38	3.66
Operating Expenses	209.35	191.8	134.41	139.81	122.19	88.33
Operating Income	203.89	197.18	145.66	153.92	183.07	104.56
Interest Expense	-3.74	-2.99	-0.51	-0.47	-0.37	-0.35
Interest & Investment Income	3.92	5.8	4.86	4.63	10.59	14.57
Currency Exchange Gain (Loss)	-9.51	-1.92	4.8	0.91	8.4	-2.71
Other Non Operating Income (Expenses)	-0.29	-0.21	-0.28	-0.19	0.01	-0.21
EBT Excluding Unusual Items	194.27	197.85	154.53	158.79	201.69	115.85
Gain (Loss) on Sale of Investments	-13.67	-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	-	-	-	-	-2.77	-
Other Unusual Items	8.99	6.42	3.12	4.76	7.09	17.65
Pretax Income	189.58	190.79	152.48	160.24	205.49	133.24
Income Tax Expense	22.53	24.88	18.73	18.07	23.78	16.08
Earnings From Continuing Operations	167.05	165.91	133.75	142.17	181.71	117.16
Minority Interest in Earnings	5.55	4.84	1.6	3.55	0.86	0.57
Net Income	172.6	170.74	135.35	145.71	182.57	117.73
Net Income to Common	172.6	170.74	135.35	145.71	182.57	117.73
Net Income Growth	23.96%	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	-1.60%	-1.88%	-0.48%	-0.24%	4.12%	28.26%
EPS (Basic)	1.46	1.44	1.12	1.20	1.50	1.01
EPS (Diluted)	1.46	1.44	1.12	1.20	1.50	1.01
EPS Growth	25.97%	28.57%	-6.67%	-20.00%	48.94%	-4.73%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	107.39	133.08	36.05	102.14	2.7	3.89
Free Cash Flow Per Share	0.91	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	0%	0%	9.09%	-3.74%	95.08%	2.52%
Gross Margin	62.84%	64.55%	63.25%	62.41%	64.02%	62.29%
Operating Margin	31.01%	32.72%	32.89%	32.71%	38.39%	33.76%
Profit Margin	26.25%	28.33%	30.56%	30.96%	38.29%	38.02%
Free Cash Flow Margin	16.33%	22.08%	8.14%	21.70%	0.57%	1.26%
EBITDA	238.99	230.34	172.26	176.75	197	114.27
EBITDA Margin	36.34%	38.22%	38.90%	37.56%	41.31%	36.90%
D&A For EBITDA	35.1	33.16	26.6	22.83	13.93	9.72
EBIT	203.89	197.18	145.66	153.92	183.07	104.56
EBIT Margin	31.01%	32.72%	32.89%	32.71%	38.39%	33.76%
Effective Tax Rate	11.88%	13.04%	12.28%	11.28%	11.57%	12.07%
Revenue as Reported	657.57	602.61	442.83	470.6	476.82	309.67
Advertising Expenses	-	4.47	3.62	2.49	2.57	2.38