SHA:688697 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	2,685	2,449	2,309	1,835	1,704	1,158
Other Revenue	12.82	12.82	12.15	10.62	8.81	6.98
Revenue	2,698	2,462	2,321	1,846	1,713	1,165
Revenue Growth (YoY)	11.69%	6.08%	25.76%	7.76%	47.06%	20.02%
Cost of Revenue	2,128	1,885	1,759	1,353	1,292	879.92
Gross Profit	570.58	577.01	562.5	492.88	420.7	284.64
Selling, General & Admin	174.17	168.42	152.34	161.39	164.48	110.88
Research & Development	124.92	112.47	101.93	82.06	73.69	49.99
Other Operating Expenses	-33.15	-26.2	-11.86	-5.09	6.73	8.52
Operating Expenses	274.11	260.91	246.6	230.69	249.53	168.83
Operating Income	296.47	316.1	315.9	262.19	171.16	115.81
Interest Expense	-8.57	-12.35	-10.94	-4.63	-1.02	-3.57
Interest & Investment Income	31.87	30.85	27.8	18.19	7.61	2.94
Currency Exchange Gain (Loss)	2.89	2.89	-0.69	2.19	-1.29	-4.02
Other Non Operating Income (Expenses)	-0.42	-0.96	-0.63	-0.3	-0.3	1.54
EBT Excluding Unusual Items	322.24	336.54	331.44	277.62	176.16	112.7
Gain (Loss) on Sale of Investments	-5.58	8.03	9.51	12.22	1.68	-
Gain (Loss) on Sale of Assets	-0.79	-0.55	0.12	0.67	-0.29	0.31
Asset Writedown	0.55	-0.08	-0.19	-0.51	-0.14	-0.05
Other Unusual Items	21.01	21.01	18.39	2.87	11.33	5.58
Pretax Income	337.42	364.95	359.27	292.87	188.75	118.54
Income Tax Expense	33.57	39.79	41.62	30.64	20.2	14.55
Net Income	303.86	325.16	317.65	262.23	168.54	104
Net Income to Common	303.86	325.16	317.65	262.23	168.54	104
Net Income Growth	-1.76%	2.36%	21.13%	55.59%	62.06%	67.12%
Shares Outstanding (Basic)	455	455	458	459	369	347
Shares Outstanding (Diluted)	455	455	458	459	369	347
Shares Change (YoY)	-0.71%	-0.70%	-0.11%	24.46%	6.36%	-0.51%
EPS (Basic)	0.67	0.71	0.69	0.57	0.46	0.30
EPS (Diluted)	0.67	0.71	0.69	0.57	0.46	0.30
EPS Growth	-1.06%	3.09%	21.26%	25.00%	52.37%	67.97%
Free Cash Flow	27.24	54.54	233.11	108.67	98.59	37.35
Free Cash Flow Per Share	0.06	0.12	0.51	0.24	0.27	0.11
Dividend Per Share	0.429	0.429	0.429	0.286	0.179	-
Dividend Growth	-	-	50.02%	59.97%	-	-
Gross Margin	21.15%	23.43%	24.23%	26.71%	24.57%	24.44%
Operating Margin	10.99%	12.84%	13.61%	14.21%	9.99%	9.94%
Profit Margin	11.26%	13.21%	13.69%	14.21%	9.84%	8.93%
Free Cash Flow Margin	1.01%	2.21%	10.04%	5.89%	5.76%	3.21%
EBITDA	346.77	363.55	359.53	296	200.47	143.84
EBITDA Margin	12.85%	14.77%	15.49%	16.04%	11.71%	12.35%
D&A For EBITDA	50.3	47.44	43.63	33.81	29.3	28.03
EBIT	296.47	316.1	315.9	262.19	171.16	115.81
EBIT Margin	10.99%	12.84%	13.61%	14.21%	9.99%	9.94%
Effective Tax Rate	9.95%	10.90%	11.58%	10.46%	10.70%	12.27%
Revenue as Reported	2,698	2,462	2,321	1,846	1,713	1,165
Advertising Expenses	-	8.54	4.25	3.67	2.71	1.77

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