SHA:688708 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	1,123	1,107	956.85	980.84	756.54	512.54
Other Revenue	-	-	-	-	12.43	17.63
Revenue	1,123	1,107	956.85	980.84	768.98	530.17
Revenue Growth (YoY)	27.03%	15.72%	-2.45%	27.55%	45.04%	-
Cost of Revenue	368.51	368.96	225.4	227.38	138.22	93.73
Gross Profit	754.42	738.32	731.45	753.47	630.75	436.44
Selling, General & Admin	78.47	74.29	50.14	42.61	36.34	178.91
Research & Development	173.37	166.39	87.6	86.86	44.05	32.79
Other Operating Expenses	-23.73	-13.39	2.6	10.55	7.99	7.63
Operating Expenses	228.11	227.29	163.79	152.52	97.11	219.58
Operating Income	526.3	511.03	567.66	600.95	533.65	216.86
Interest Expense	-	-	-0.01	-	-0	-0.01
Interest & Investment Income	23.43	22.85	10.11	6.17	4.03	2.07
Other Non Operating Income (Expenses)	-54.82	-34.69	0.14	-0.5	-0.16	-0.15
EBT Excluding Unusual Items	494.91	499.18	577.9	606.62	537.52	218.77
Gain (Loss) on Sale of Investments	2.85	1.33	-	-	-	-
Gain (Loss) on Sale of Assets	0.02	0.02	-	8.34	-	-
Asset Writedown	-4.6	-7.94	-0.18	-0.4	-0.47	-0.35
Other Unusual Items	-	-	17.16	34.85	22.12	1.89
Pretax Income	493.19	492.6	594.88	649.42	559.17	220.31
Income Tax Expense	52.71	52.79	77.57	85.72	75.08	53.13
Earnings From Continuing Operations	440.48	439.8	517.31	563.7	484.09	167.17
Minority Interest in Earnings	1.03	0.57	-	-	-	-
Net Income	441.51	440.38	517.31	563.7	484.09	167.17
Net Income to Common	441.51	440.38	517.31	563.7	484.09	167.17
Net Income Growth	-5.28%	-14.87%	-8.23%	16.45%	189.57%	-
Shares Outstanding (Basic)	405	400	363	360	361	363
Shares Outstanding (Diluted)	405	400	363	360	361	363
Shares Change (YoY)	7.55%	10.19%	0.92%	-0.35%	-0.60%	-
EPS (Basic)	1.09	1.10	1.42	1.57	1.34	0.46
EPS (Diluted)	1.09	1.10	1.42	1.57	1.34	0.46
EPS Growth	-11.92%	-22.74%	-9.07%	16.85%	191.30%	-
Free Cash Flow	-355.01	-18.41	322.87	249.63	50.71	228.37
Free Cash Flow Per Share	-0.88	-0.05	0.89	0.69	0.14	0.63
Dividend Per Share	-	-	0.400	-	-	-
Gross Margin	67.18%	66.68%	76.44%	76.82%	82.03%	82.32%
Operating Margin	46.87%	46.15%	59.33%	61.27%	69.40%	40.90%
Profit Margin	39.32%	39.77%	54.06%	57.47%	62.95%	31.53%
Free Cash Flow Margin	-31.61%	-1.66%	33.74%	25.45%	6.59%	43.08%
EBITDA	592.86	571.72	604.87	631.89	551.55	229.31
EBITDA Margin	52.80%	51.63%	63.21%	64.42%	71.73%	43.25%
D&A For EBITDA	66.56	60.69	37.21	30.94	17.9	12.45
EBIT	526.3	511.03	567.66	600.95	533.65	216.86
EBIT Margin	46.87%	46.15%	59.33%	61.27%	69.40%	40.90%
Effective Tax Rate	10.69%	10.72%	13.04%	13.20%	13.43%	24.12%
Revenue as Reported	-	-	956.85	980.84	768.98	530.17
Advertising Expenses	-	-	0.08	0.02	0.29	0.09

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