SHA:688691 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	725.35	1,090	1,341	1,303	954.7
Revenue Growth (YoY)	-33.43%	-18.77%	2.99%	36.44%	88.63%
Cost of Revenue	-	826.18	1,002	1,050	797.21
Gross Profit	725.35	263.49	339.58	253.06	157.49
Selling, General & Admin	-	94.91	84.82	95.52	63.61
Research & Development	-	127.84	108.23	85.23	65.99
Other Operating Expenses	865.66	2.4	-10.11	-9.15	1.91
Operating Expenses	865.66	226.86	183.13	170.16	130.11
Operating Income	-140.31	36.62	156.45	82.89	27.38
Interest Expense	-	-0.4	-0.34	-0.33	-0.37
Interest & Investment Income	-	27.76	23.81	18.2	15.06
Currency Exchange Gain (Loss)	-	-0.05	-0.11	1.39	-0.56
Other Non Operating Income (Expenses)	-1.3	-5.86	2.88	-0.73	-0.11
EBT Excluding Unusual Items	-141.62	58.08	182.68	101.42	41.4
Gain (Loss) on Sale of Assets	-	1.37	-	-0.02	-
Other Unusual Items	-	5.08	-	-	3.62
Pretax Income	-141.62	64.54	182.68	101.4	45.02
Income Tax Expense	-26.55	3.49	12.21	6.54	1.18
Earnings From Continuing Operations	-115.06	61.05	170.47	94.87	43.83
Net Income	-115.06	61.05	170.47	94.87	43.83
Net Income to Common	-115.06	61.05	170.47	94.87	43.83
Net Income Growth	-	-64.19%	79.70%	116.42%	149.27%
Shares Outstanding (Basic)	120	109	90	90	89
Shares Outstanding (Diluted)	120	109	90	90	89
Shares Change (YoY)	9.95%	20.86%	-0.17%	1.00%	-
EPS (Basic)	-0.96	0.56	1.89	1.05	0.49
EPS (Diluted)	-0.96	0.56	1.89	1.05	0.49
EPS Growth	-	-70.37%	80.00%	114.29%	-
Free Cash Flow	-	-69.75	-3.54	123.98	117.63
Free Cash Flow Per Share	-	-0.64	-0.04	1.37	1.31
Dividend Per Share	-	0.170	0.428	-	-
Dividend Growth	-	-60.28%	-	-	-
Gross Margin	100.00%	24.18%	25.31%	19.43%	16.50%
Operating Margin	-19.34%	3.36%	11.66%	6.36%	2.87%
Profit Margin	-15.86%	5.60%	12.71%	7.28%	4.59%
Free Cash Flow Margin	-	-6.40%	-0.26%	9.52%	12.32%
EBITDA	-115.83	61.11	193.09	114.15	45.52
EBITDA Margin	-15.97%	5.61%	14.39%	8.76%	4.77%
D&A For EBITDA	24.48	24.48	36.64	31.26	18.14
EBIT	-140.31	36.62	156.45	82.89	27.38
EBIT Margin	-19.34%	3.36%	11.66%	6.36%	2.87%
Effective Tax Rate	-	5.41%	6.68%	6.45%	2.63%
Revenue as Reported	-	1,090	1,341	1,303	954.7

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.