SHA:688697 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	3,022	2,879	2,449	2,309	1,835	1,704
Other Revenue	14.33	14.33	12.82	12.15	10.62	8.81
Revenue	3,036	2,893	2,462	2,321	1,846	1,713
Revenue Growth (YoY)	22.27%	17.52%	6.08%	25.76%	7.76%	47.06%
Cost of Revenue	2,408	2,295	1,885	1,759	1,353	1,292
Gross Profit	627.7	598.09	577.01	562.5	492.88	420.7
Selling, General & Admin	179.81	173.31	168.42	152.34	161.39	164.48
Research & Development	148.05	137.93	112.47	101.93	82.06	73.69
Other Operating Expenses	-12.57	-17.56	-26.2	-11.86	-5.09	6.73
Operating Expenses	323.58	301.97	260.91	246.6	230.69	249.53
Operating Income	304.12	296.12	316.1	315.9	262.19	171.16
Interest Expense	-8.38	-8.38	-12.35	-10.94	-4.63	-1.02
Interest & Investment Income	9.13	12.5	30.85	27.8	18.19	7.61
Currency Exchange Gain (Loss)	-3.31	-3.31	2.89	-0.69	2.19	-1.29
Other Non Operating Income (Expenses)	-4.22	-2.53	-0.96	-0.63	-0.3	-0.3
EBT Excluding Unusual Items	297.34	294.4	336.54	331.44	277.62	176.16
Gain (Loss) on Sale of Investments	16.16	11.05	8.03	9.51	12.22	1.68
Gain (Loss) on Sale of Assets	0.04	0.17	-0.55	0.12	0.67	-0.29
Asset Writedown	-4.18	-0.52	-0.08	-0.19	-0.51	-0.14
Other Unusual Items	27.8	27.8	21.01	18.39	2.87	11.33
Pretax Income	337.18	332.9	364.95	359.27	292.87	188.75
Income Tax Expense	27.64	28.66	39.79	41.62	30.64	20.2
Net Income	309.54	304.25	325.16	317.65	262.23	168.54
Net Income to Common	309.54	304.25	325.16	317.65	262.23	168.54
Net Income Growth	-2.34%	-6.43%	2.36%	21.13%	55.59%	62.06%
Shares Outstanding (Basic)	454	454	458	458	459	369
Shares Outstanding (Diluted)	454	454	458	458	459	369
Shares Change (YoY)	-0.83%	-0.84%	-0.10%	-0.11%	24.46%	6.36%
EPS (Basic)	0.68	0.67	0.71	0.69	0.57	0.46
EPS (Diluted)	0.68	0.67	0.71	0.69	0.57	0.46
EPS Growth	-1.53%	-5.63%	2.47%	21.26%	25.00%	52.37%
Free Cash Flow	-27.81	5.92	54.54	233.11	108.67	98.59
Free Cash Flow Per Share	-0.06	0.01	0.12	0.51	0.24	0.27
Dividend Per Share	0.450	0.450	0.429	0.429	0.286	0.179
Dividend Growth	4.99%	4.99%	-	50.02%	59.97%	-
Gross Margin	20.67%	20.67%	23.43%	24.23%	26.71%	24.57%
Operating Margin	10.02%	10.23%	12.84%	13.61%	14.21%	9.99%
Profit Margin	10.20%	10.51%	13.21%	13.69%	14.21%	9.84%
Free Cash Flow Margin	-0.92%	0.20%	2.21%	10.04%	5.89%	5.76%
EBITDA	363.57	353.68	366.11	359.53	296	200.47
EBITDA Margin	11.97%	12.22%	14.87%	15.49%	16.04%	11.71%
D&A For EBITDA	59.44	57.56	50	43.63	33.81	29.3
EBIT	304.12	296.12	316.1	315.9	262.19	171.16
EBIT Margin	10.02%	10.23%	12.84%	13.61%	14.21%	9.99%
Effective Tax Rate	8.20%	8.61%	10.90%	11.58%	10.46%	10.70%
Revenue as Reported	2,893	2,893	2,462	2,321	1,846	1,713
Advertising Expenses	-	6.7	8.54	4.25	3.67	2.71

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