SHA:688690 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	901.54	780.53	584.9	698.17	443.73	203.28
Other Revenue	1.92	1.92	1.96	7.68	2.62	1.71
Revenue	903.46	782.46	586.87	705.84	446.35	204.99
Revenue Growth (YoY)	31.80%	33.33%	-16.86%	58.14%	117.74%	58.05%
Cost of Revenue	277.48	249.81	142.29	154.85	75.02	37.36
Gross Profit	625.99	532.64	444.58	550.99	371.32	167.63
Selling, General & Admin	271.29	248.48	233.44	196.43	113.89	59.42
Research & Development	191.1	172.83	157.52	115.66	65.64	33.04
Other Operating Expenses	9.21	8.25	6.8	8.16	6.39	3.56
Operating Expenses	477.87	440.37	396.95	327.19	188.18	96.71
Operating Income	148.12	92.27	47.63	223.8	183.15	70.92
Interest Expense	-	-2.1	-2.41	-5.11	-1.2	-0.14
Interest & Investment Income	2.13	2.34	10.67	70.65	17.16	3.55
Currency Exchange Gain (Loss)	0.03	0.03	0.1	1.56	-0.63	-1.42
Other Non Operating Income (Expenses)	-2.46	-0.45	-0.85	0.63	-0.09	-0.15
EBT Excluding Unusual Items	147.82	92.09	55.15	291.54	198.39	72.77
Impairment of Goodwill	-25.06	-25.06	-26.45	-	-	-
Gain (Loss) on Sale of Investments	0.29	0.29	-0.11	-	-	-
Gain (Loss) on Sale of Assets	-9.03	-8.91	18.41	-0.18	-0.33	-0.04
Asset Writedown	23.44	-	-	-	-	-
Other Unusual Items	36.24	36.24	18.36	15.84	14.77	11.88
Pretax Income	173.7	94.64	65.36	307.2	212.83	84.6
Income Tax Expense	19.7	11.71	6.95	30.33	25.5	11.7
Earnings From Continuing Operations	154	82.93	58.41	276.86	187.34	72.9
Minority Interest in Earnings	-5.39	-0.09	10.16	-1.74	0.75	-0.21
Net Income	148.61	82.84	68.57	275.13	188.09	72.69
Net Income to Common	148.61	82.84	68.57	275.13	188.09	72.69
Net Income Growth	107.59%	20.82%	-75.08%	46.27%	158.75%	210.31%
Shares Outstanding (Basic)	401	402	404	402	378	356
Shares Outstanding (Diluted)	401	402	404	402	378	356
Shares Change (YoY)	-0.42%	-0.50%	0.39%	6.31%	6.17%	11.59%
EPS (Basic)	0.37	0.21	0.17	0.69	0.50	0.20
EPS (Diluted)	0.37	0.21	0.17	0.68	0.50	0.20
EPS Growth	108.46%	21.42%	-75.17%	37.59%	143.70%	178.06%
Free Cash Flow	54.48	-6.36	0.98	-43.83	110.35	27.68
Free Cash Flow Per Share	0.14	-0.02	0.00	-0.11	0.29	0.08
Dividend Per Share	0.063	0.063	0.050	0.103	0.071	-
Dividend Growth	26.00%	26.00%	-51.46%	45.07%	-	-
Gross Margin	69.29%	68.07%	75.75%	78.06%	83.19%	81.77%
Operating Margin	16.39%	11.79%	8.12%	31.71%	41.03%	34.60%
Profit Margin	16.45%	10.59%	11.68%	38.98%	42.14%	35.46%
Free Cash Flow Margin	6.03%	-0.81%	0.17%	-6.21%	24.72%	13.50%
EBITDA	225.33	154.94	90.9	254.33	204.52	83.48
EBITDA Margin	24.94%	19.80%	15.49%	36.03%	45.82%	40.72%
D&A For EBITDA	77.21	62.66	43.27	30.53	21.37	12.55
EBIT	148.12	92.27	47.63	223.8	183.15	70.92
EBIT Margin	16.39%	11.79%	8.12%	31.71%	41.03%	34.60%
Effective Tax Rate	11.34%	12.38%	10.64%	9.87%	11.98%	13.83%
Revenue as Reported	903.46	782.46	586.87	705.84	446.35	204.99
Advertising Expenses	-	13.34	8.83	4.79	3.36	1.26

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