SHA:688720 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
Operating Revenue	594.42	419.04	344.86	319.23	311.49
Other Revenue	-	13.15	15.18	4.54	2.99
Revenue	594.42	432.19	360.04	323.77	314.48
Revenue Growth (YoY)	37.54%	20.04%	11.20%	2.95%	50.65%
Cost of Revenue	-	318.95	262.62	249.6	224.06
Gross Profit	594.42	113.24	97.42	74.16	90.42
Selling, General & Admin	-	50.15	40.44	36.16	33.02
Research & Development	-	45.75	32.45	23.35	22.28
Other Operating Expenses	547.38	1.7	-0.73	1.75	1.29
Operating Expenses	547.38	99.59	74.65	60.98	57.76
Operating Income	47.04	13.65	22.77	13.18	32.66
Interest Expense	-	-2.18	-2.28	-2.13	-0.96
Interest & Investment Income	-	14.91	5.55	6.04	2.92
Currency Exchange Gain (Loss)	-	-	-	0.71	-0.11
Other Non Operating Income (Expenses)	2.16	-0.09	0.84	-0.81	-0.04
EBT Excluding Unusual Items	49.21	26.28	26.88	16.99	34.48
Gain (Loss) on Sale of Investments	-	-0.16	0.22	-0.73	0.66
Gain (Loss) on Sale of Assets	-	0.07	-0.01	-0	0.02
Other Unusual Items	-	6.86	5.89	3.01	3.72
Pretax Income	49.21	33.05	32.98	19.26	38.88
Income Tax Expense	-1.26	-0.43	0.32	-4.02	3.89
Net Income	50.46	33.48	32.66	23.28	34.99
Net Income to Common	50.46	33.48	32.66	23.28	34.99
Net Income Growth	50.74%	2.51%	40.25%	-33.45%	49.87%
Shares Outstanding (Basic)	89	88	67	67	64
Shares Outstanding (Diluted)	89	88	67	67	64
Shares Change (YoY)	0.49%	32.19%	0.18%	4.69%	-
EPS (Basic)	0.57	0.38	0.49	0.35	0.55
EPS (Diluted)	0.57	0.38	0.49	0.35	0.55
EPS Growth	50.00%	-22.45%	40.00%	-36.36%	49.70%
Free Cash Flow	-	-116.93	-147.03	-137.24	-175.65
Free Cash Flow Per Share	-	-1.33	-2.21	-2.06	-2.76
Dividend Per Share	-	0.045	0.150	-	-
Dividend Growth	-	-70.00%	-	-	-
Gross Margin	100.00%	26.20%	27.06%	22.91%	28.75%
Operating Margin	7.91%	3.16%	6.32%	4.07%	10.38%
Profit Margin	8.49%	7.75%	9.07%	7.19%	11.13%
Free Cash Flow Margin	-	-27.06%	-40.84%	-42.39%	-55.85%
EBITDA	70.69	37.29	41.51	23.81	35.9
EBITDA Margin	11.89%	8.63%	11.53%	7.35%	11.42%
D&A For EBITDA	23.64	23.64	18.74	10.62	3.24
EBIT	47.04	13.65	22.77	13.18	32.66
EBIT Margin	7.91%	3.16%	6.32%	4.07%	10.38%
Effective Tax Rate	-	-	0.98%	-	10.00%
Revenue as Reported	-	432.19	360.04	323.77	314.48
Advertising Expenses	-	0.01	0.88	-	-

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