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	1,076	923.1	780.53	584.9	698.17	443.73
Other Revenue	2.86	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	352.29	290.54	249.81	142.29	154.85	75.02
Gross Profit	726.61	634.15	532.64	444.58	550.99	371.32
Selling, General & Admin	281.85	277.15	248.48	233.44	196.43	113.89
Research & Development	188.04	192.3	172.83	157.52	115.66	65.64
Other Operating Expenses	6.2	-0.87	-4.11	-10.96	8.16	6.39
Operating Expenses	482.92	474.78	428.01	379.18	327.19	188.18
Operating Income	243.69	159.37	104.64	65.39	223.8	183.15
Interest Expense	-	-0.63	-2.1	-2.41	-5.11	-1.2
Interest & Investment Income	0.46	2.3	2.34	10.67	70.65	17.16
Currency Exchange Gain (Loss)	-2.46	-1.2	0.03	0.1	1.56	-0.63
Other Non Operating Income (Expenses)	-0.17	-0.47	-0.45	-0.85	0.63	-0.09
EBT Excluding Unusual Items	241.53	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	0.47	0.68	-8.91	18.41	-0.18	-0.33
Other Unusual Items	24.58	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	67.35%	68.58%	68.07%	75.75%	78.06%	83.19%
Operating Margin	22.59%	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	317.35	233.56	168.15	108.66	254.33	204.52
EBITDA Margin	29.42%	25.26%	21.49%	18.52%	36.03%	45.82%
D&A For EBITDA	73.66	74.19	63.52	43.27	30.53	21.37
EBIT	243.69	159.37	104.64	65.39	223.8	183.15
EBIT Margin	22.59%	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	1,079	924.69	782.46	586.87	705.84	446.35
Advertising Expenses	-	11.8	13.34	8.83	4.79	3.36