SHA:688690 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	987.28	923.1	780.53	584.9	698.17	443.73
Other Revenue	1.59	1.59	1.92	1.96	7.68	2.62
Revenue	988.87	924.69	782.46	586.87	705.84	446.35
Revenue Growth (YoY)	21.04%	18.18%	33.33%	-16.86%	58.14%	117.74%
Cost of Revenue	304.41	290.54	249.81	142.29	154.85	75.02
Gross Profit	684.46	634.15	532.64	444.58	550.99	371.32
Selling, General & Admin	277.99	277.15	248.48	233.44	196.43	113.89
Research & Development	187.91	192.3	172.83	157.52	115.66	65.64
Other Operating Expenses	-5.17	-0.87	-4.11	6.8	8.16	6.39
Operating Expenses	466.95	474.78	428.01	396.95	327.19	188.18
Operating Income	217.51	159.37	104.64	47.63	223.8	183.15
Interest Expense	-0.63	-0.63	-2.1	-2.41	-5.11	-1.2
Interest & Investment Income	2.3	2.3	2.34	10.67	70.65	17.16
Currency Exchange Gain (Loss)	-1.2	-1.2	0.03	0.1	1.56	-0.63
Other Non Operating Income (Expenses)	-0.87	-0.47	-0.45	-0.85	0.63	-0.09
EBT Excluding Unusual Items	217.13	159.38	104.45	55.15	291.54	198.39
Impairment of Goodwill	-	-	-25.06	-26.45	-	-
Gain (Loss) on Sale of Investments	0.37	0.75	0.29	-0.11	-	-
Gain (Loss) on Sale of Assets	0.42	0.68	-8.91	18.41	-0.18	-0.33
Asset Writedown	-9.81	-	-	-	-	-
Other Unusual Items	16.65	16.65	23.88	18.36	15.84	14.77
Pretax Income	224.76	177.46	94.64	65.36	307.2	212.83
Income Tax Expense	43.16	36.04	11.71	6.95	30.33	25.5
Earnings From Continuing Operations	181.6	141.42	82.93	58.41	276.86	187.34
Minority Interest in Earnings	-6.67	-5.41	-0.09	10.16	-1.74	0.75
Net Income	174.93	136.01	82.84	68.57	275.13	188.09
Net Income to Common	174.93	136.01	82.84	68.57	275.13	188.09
Net Income Growth	83.81%	64.18%	20.82%	-75.08%	46.27%	158.75%
Shares Outstanding (Basic)	401	401	402	404	402	378
Shares Outstanding (Diluted)	401	401	402	404	402	378
Shares Change (YoY)	-0.06%	-0.21%	-0.50%	0.39%	6.31%	6.17%
EPS (Basic)	0.44	0.34	0.21	0.17	0.69	0.50
EPS (Diluted)	0.44	0.34	0.21	0.17	0.68	0.50
EPS Growth	83.92%	64.52%	21.42%	-75.17%	37.59%	143.70%
Free Cash Flow	94.33	82.7	-6.36	0.98	-43.83	110.35
Free Cash Flow Per Share	0.23	0.21	-0.02	0.00	-0.11	0.29
Dividend Per Share	0.102	0.102	0.063	0.050	0.103	0.071
Dividend Growth	61.91%	61.91%	26.00%	-51.46%	45.07%	-
Gross Margin	69.22%	68.58%	68.07%	75.75%	78.06%	83.19%
Operating Margin	22.00%	17.23%	13.37%	8.12%	31.71%	41.03%
Profit Margin	17.69%	14.71%	10.59%	11.68%	38.98%	42.14%
Free Cash Flow Margin	9.54%	8.94%	-0.81%	0.17%	-6.21%	24.72%
EBITDA	294.37	233.56	168.15	90.9	254.33	204.52
EBITDA Margin	29.77%	25.26%	21.49%	15.49%	36.03%	45.82%
D&A For EBITDA	76.85	74.19	63.52	43.27	30.53	21.37
EBIT	217.51	159.37	104.64	47.63	223.8	183.15
EBIT Margin	22.00%	17.23%	13.37%	8.12%	31.71%	41.03%
Effective Tax Rate	19.20%	20.31%	12.38%	10.64%	9.87%	11.98%
Revenue as Reported	924.69	924.69	782.46	586.87	705.84	446.35
Advertising Expenses	-	11.8	13.34	8.83	4.79	3.36

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