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	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	1,077	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	1,079	924.69	782.46	586.87	705.84	446.35
Revenue Growth	25.99%	18.18%	33.33%	-16.86%	58.14%	117.74%
Cost of Revenue	337.07	290.54	249.81	142.29	154.85	75.02
Gross Profit	741.83	634.15	532.64	444.58	550.99	371.32
Selling, General & Admin	282.33	277.15	248.48	233.44	196.43	113.89
Research & Development	187.7	192.3	172.83	157.52	115.66	65.64
Other Operating Expenses	-1.69	-0.87	-4.11	-10.96	8.16	6.39
Operating Expenses	474.54	474.78	428.01	379.18	327.19	188.18
Operating Income	267.28	159.37	104.64	65.39	223.8	183.15
Interest Expense	-0.63	-0.63	-2.1	-2.41	-5.11	-1.2
Interest & Investment Income	1.49	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)	-2.21	-0.47	-0.45	-0.85	0.63	-0.09
EBT Excluding Unusual Items	264.75	159.38	104.45	72.91	291.54	198.39
Impairment of Goodwill	-	-	-25.06	-26.45	-	-
Gain (Loss) on Sale of Investments	0.52	0.75	0.29	-0.11	-	-
Gain (Loss) on Sale of Assets	0.37	0.68	-8.91	18.41	-0.18	-0.33
Asset Writedown	-15.19	-	-	-	-	-
Other Unusual Items	16.65	16.65	23.88	0.6	15.84	14.77
Pretax Income	267.1	177.46	94.64	65.36	307.2	212.83
Income Tax Expense	50.28	36.04	11.71	6.95	30.33	25.5
Earnings From Continuing Operations	216.82	141.42	82.93	58.41	276.86	187.34
Minority Interest in Earnings	-7.3	-5.41	-0.09	10.16	-1.74	0.75
Net Income	209.51	136.01	82.84	68.57	275.13	188.09
Net Income to Common	209.51	136.01	82.84	68.57	275.13	188.09
Net Income Growth	107.24%	64.18%	20.82%	-75.08%	46.27%	158.75%
Shares Outstanding (Basic)	402	401	402	404	402	378
Shares Outstanding (Diluted)	402	401	402	404	402	378
Shares Change	0.19%	-0.21%	-0.50%	0.39%	6.31%	6.17%
EPS (Basic)	0.52	0.34	0.21	0.17	0.69	0.50
EPS (Diluted)	0.52	0.34	0.21	0.17	0.68	0.50
EPS Growth	106.85%	64.52%	21.42%	-75.17%	37.59%	143.70%

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	167.45	82.7	-6.36	0.98	-43.83	110.35
Free Cash Flow Per Share	0.42	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	68.76%	68.58%	68.07%	75.75%	78.06%	83.19%
Operating Margin	24.77%	17.23%	13.37%	11.14%	31.71%	41.03%
Profit Margin	19.42%	14.71%	10.59%	11.68%	38.98%	42.14%
Free Cash Flow Margin	15.52%	8.94%	-0.81%	0.17%	-6.21%	24.72%
EBITDA	341.53	233.56	168.15	108.66	254.33	204.52
EBITDA Margin	31.66%	25.26%	21.49%	18.52%	36.03%	45.82%
D&A For EBITDA	74.25	74.19	63.52	43.27	30.53	21.37
EBIT	267.28	159.37	104.64	65.39	223.8	183.15
EBIT Margin	24.77%	17.23%	13.37%	11.14%	31.71%	41.03%
Effective Tax Rate	18.83%	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