SHA:688689 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	980.12	873.42	675.38	656.82	807.54	596.49
Other Revenue	35.63	35.63	19.88	19.14	24.82	13.75
Revenue	1,016	909.05	695.27	675.96	832.35	610.24
Revenue Growth (YoY)	25.42%	30.75%	2.86%	-18.79%	36.40%	15.60%
Cost of Revenue	788.72	686.86	523.48	495.32	566.44	438.81
Gross Profit	227.04	222.19	171.78	180.64	265.91	171.42
Selling, General & Admin	82.2	77.93	63.4	57.86	63.07	49.63
Research & Development	62.44	56.05	42.12	47.21	47.52	35.36
Other Operating Expenses	3.66	0.29	4.59	3.69	4.48	5.07
Operating Expenses	151.04	140.23	110.9	106.91	120.24	90.88
Operating Income	75.99	81.96	60.88	73.73	145.68	80.54
Interest Expense	-37.82	-35.58	-32.87	-15.23	-0.27	-
Interest & Investment Income	1.72	1.58	6.84	8.12	3.9	3.49
Currency Exchange Gain (Loss)	2.75	2.75	1.87	7.83	-2.85	-7.02
Other Non Operating Income (Expenses)	-1.52	-0.94	-0.75	-0.66	-0.47	-0.4
EBT Excluding Unusual Items	41.12	49.77	35.97	73.79	145.98	76.6
Gain (Loss) on Sale of Investments	16.88	21.9	22.85	13.52	7.79	-
Gain (Loss) on Sale of Assets	0.22	0.23	0.14	0.07	-2.42	-0.11
Asset Writedown	9.59	-1.62	-0.06	-	-0.77	-
Other Unusual Items	4.29	4.29	9.98	8.49	8	1.23
Pretax Income	72.1	74.57	68.87	95.87	158.58	77.72
Income Tax Expense	7.85	6.23	5.06	9.49	17.71	8.18
Earnings From Continuing Operations	64.25	68.34	63.81	86.38	140.87	69.54
Minority Interest in Earnings	8.98	3.53	0.24	-	-	-
Net Income	73.23	71.87	64.05	86.38	140.87	69.54
Net Income to Common	73.23	71.87	64.05	86.38	140.87	69.54
Net Income Growth	23.65%	12.21%	-25.85%	-38.68%	102.58%	31.89%
Shares Outstanding (Basic)	128	128	128	128	126	96
Shares Outstanding (Diluted)	128	128	128	129	126	96
Shares Change (YoY)	-0.15%	0.19%	-0.54%	2.45%	30.56%	1.63%
EPS (Basic)	0.57	0.56	0.50	0.67	1.12	0.72
EPS (Diluted)	0.57	0.56	0.50	0.67	1.12	0.72
EPS Growth	23.84%	12.00%	-25.37%	-40.18%	55.56%	29.40%
Free Cash Flow	-51.72	-24.62	55.87	-6.22	-17.67	42.59
Free Cash Flow Per Share	-0.40	-0.19	0.44	-0.05	-0.14	0.44
Dividend Per Share	0.230	0.230	0.203	0.220	0.350	0.250
Dividend Growth	13.47%	13.47%	-7.86%	-37.14%	40.00%	-
Gross Margin	22.35%	24.44%	24.71%	26.72%	31.95%	28.09%
Operating Margin	7.48%	9.02%	8.76%	10.91%	17.50%	13.20%
Profit Margin	7.21%	7.91%	9.21%	12.78%	16.92%	11.39%
Free Cash Flow Margin	-5.09%	-2.71%	8.04%	-0.92%	-2.12%	6.98%
EBITDA	141.65	141.74	112.84	118.62	175.57	117.84
EBITDA Margin	13.94%	15.59%	16.23%	17.55%	21.09%	19.31%
D&A For EBITDA	65.66	59.79	51.96	44.89	29.89	37.3
EBIT	75.99	81.96	60.88	73.73	145.68	80.54
EBIT Margin	7.48%	9.02%	8.76%	10.91%	17.50%	13.20%
Effective Tax Rate	10.89%	8.36%	7.35%	9.90%	11.17%	10.53%
Revenue as Reported	1,016	909.05	695.27	675.96	832.35	610.24

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