SHA:688685 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	459.98	473.58	289.38	315.64	302.63
Other Revenue	-	3.18	4.29	8.37	18.09
Revenue	459.98	476.77	293.67	324.01	320.72
Revenue Growth (YoY)	-3.52%	62.35%	-9.37%	1.03%	11.12%
Cost of Revenue	302.07	289.93	214.03	222.44	220.18
Gross Profit	157.91	186.83	79.63	101.57	100.54
Selling, General & Admin	94.63	60.74	42.5	38.85	32.59
Research & Development	36.65	30.12	25.29	20.51	16.45
Other Operating Expenses	-11.95	3.68	1.69	2.6	1.39
Operating Expenses	119.33	115.04	69.33	63.33	48.44
Operating Income	38.58	71.79	10.31	38.23	52.1
Interest Expense	-	-17.15	-0.52	-1.28	-2.24
Interest & Investment Income	0.05	0.53	2.18	3.75	2.33
Currency Exchange Gain (Loss)	-	-1.67	-0	-0.32	-1.61
Other Non Operating Income (Expenses)	-33.89	-10.54	-0.34	-0.14	-0.11
EBT Excluding Unusual Items	4.74	42.95	11.63	40.25	50.47
Gain (Loss) on Sale of Investments	1.25	-3.22	-2.06	-	-
Gain (Loss) on Sale of Assets	0.15	-0.61	0.42	0.07	0.32
Asset Writedown	-5.71	-	-	-	-
Other Unusual Items	-	30.04	6.81	8.75	10.22
Pretax Income	0.43	69.16	16.81	49.06	61.01
Income Tax Expense	-9.05	11.11	0.53	6.19	7.19
Earnings From Continuing Operations	9.48	58.05	16.28	42.87	53.81
Minority Interest in Earnings	8.1	-12.51	-1.03	-0.39	-2.85
Net Income	17.58	45.54	15.25	42.47	50.96
Net Income to Common	17.58	45.54	15.25	42.47	50.96
Net Income Growth	-61.41%	198.73%	-64.11%	-16.66%	-0.46%
Shares Outstanding (Basic)	146	147	152	145	130
Shares Outstanding (Diluted)	146	147	152	145	130
Shares Change (YoY)	-0.29%	-3.64%	4.92%	11.86%	19.05%
EPS (Basic)	0.12	0.31	0.10	0.29	0.39
EPS (Diluted)	0.12	0.31	0.10	0.29	0.39
EPS Growth	-61.29%	210.00%	-65.79%	-25.49%	-16.39%
Free Cash Flow	-77.13	-830.07	-149.52	-14.18	80.26
Free Cash Flow Per Share	-0.53	-5.65	-0.98	-0.10	0.62
Dividend Per Share	-	0.157	0.077	0.231	-
Dividend Growth	-	103.90%	-66.64%	-	-
Gross Margin	34.33%	39.19%	27.12%	31.35%	31.35%
Operating Margin	8.39%	15.06%	3.51%	11.80%	16.24%
Profit Margin	3.82%	9.55%	5.19%	13.11%	15.89%
Free Cash Flow Margin	-16.77%	-174.10%	-50.91%	-4.38%	25.02%
EBITDA	175.51	118.6	41.68	68.45	76.92
EBITDA Margin	38.16%	24.88%	14.19%	21.13%	23.98%
D&A For EBITDA	136.93	46.82	31.38	30.21	24.82
EBIT	38.58	71.79	10.31	38.23	52.1
EBIT Margin	8.39%	15.06%	3.51%	11.80%	16.24%
Effective Tax Rate	-	16.06%	3.16%	12.62%	11.79%
Revenue as Reported	-	476.77	293.67	324.01	320.72

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