SHA:688768 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	645.6	576.23	473.79	533.45	381.83
Other Revenue	-	7.51	24.25	13.58	15.27
Revenue	645.6	583.73	498.04	547.03	397.1
Revenue Growth (YoY)	10.60%	17.21%	-8.96%	37.76%	50.54%
Cost of Revenue	-	212.37	195.47	196.05	153.79
Gross Profit	645.6	371.36	302.57	350.99	243.3
Selling, General & Admin	-	166.28	157.12	158.98	117.52
Research & Development	-	107.17	109.13	92	58.69
Other Operating Expenses	573.46	-26.24	-22.07	-18.83	-17.19
Operating Expenses	573.46	265.97	258.08	247.2	166.09
Operating Income	72.14	105.39	44.48	103.79	77.21
Interest Expense	-	-0.66	-0.73	-0.39	-0.7
Interest & Investment Income	-	2.4	4.05	6.91	4.41
Currency Exchange Gain (Loss)	-	0.27	-0.15	0.06	-0.08
Other Non Operating Income (Expenses)	0.15	-0.31	-0.48	-0.15	-0.07
EBT Excluding Unusual Items	72.29	107.11	47.17	110.23	80.77
Gain (Loss) on Sale of Investments	-	-0.86	-3.63	-	-
Gain (Loss) on Sale of Assets	-	-0.06	-0.01	-0.01	-0.01
Other Unusual Items	-	3.19	8.42	13.78	7.62
Pretax Income	72.29	109.38	51.95	123.99	88.38
Income Tax Expense	-11.62	1.85	-10.75	7.94	7.15
Net Income	83.91	107.52	62.7	116.06	81.24
Net Income to Common	83.91	107.52	62.7	116.06	81.24
Net Income Growth	-21.96%	71.49%	-45.98%	42.87%	9.16%
Shares Outstanding (Basic)	87	82	81	81	69
Shares Outstanding (Diluted)	87	83	82	82	69
Shares Change (YoY)	5.68%	0.26%	0.94%	17.60%	14.22%
EPS (Basic)	0.96	1.31	0.77	1.43	1.17
EPS (Diluted)	0.96	1.30	0.76	1.42	1.17
EPS Growth	-26.15%	71.05%	-46.48%	21.48%	-4.42%
Free Cash Flow	-	32.49	-123.04	-63.07	21.28
Free Cash Flow Per Share	-	0.39	-1.49	-0.77	0.31
Dividend Per Share	-	0.430	0.115	0.363	0.135
Dividend Growth	-	273.91%	-68.32%	168.69%	-
Gross Margin	100.00%	63.62%	60.75%	64.16%	61.27%
Operating Margin	11.17%	18.05%	8.93%	18.97%	19.44%
Profit Margin	13.00%	18.42%	12.59%	21.22%	20.46%
Free Cash Flow Margin	-	5.57%	-24.71%	-11.53%	5.36%
EBITDA	82.61	115.87	54.99	113.38	85.9
EBITDA Margin	12.80%	19.85%	11.04%	20.73%	21.63%
D&A For EBITDA	10.47	10.47	10.51	9.59	8.68
EBIT	72.14	105.39	44.48	103.79	77.21
EBIT Margin	11.17%	18.05%	8.93%	18.97%	19.44%
Effective Tax Rate	-	1.70%	-	6.40%	8.09%
Revenue as Reported	-	583.73	498.04	547.03	397.1
Advertising Expenses	-	10.51	7.17	8.7	8.9

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