SHA:688768 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	623.73	576.23	473.79	533.45	381.83	259.39
Other Revenue	7.51	7.51	24.25	13.58	15.27	4.39
Revenue	631.23	583.73	498.04	547.03	397.1	263.78
Revenue Growth (YoY)	16.71%	17.21%	-8.96%	37.76%	50.54%	46.44%
Cost of Revenue	222.32	212.37	195.47	196.05	153.79	82.08
Gross Profit	408.91	371.36	302.57	350.99	243.3	181.7
Selling, General & Admin	178.58	166.28	157.12	158.98	117.52	89
Research & Development	109.36	107.17	109.13	92	58.69	40.13
Other Operating Expenses	-16.34	-26.24	-22.07	-18.83	-17.19	-10.82
Operating Expenses	282.18	265.97	258.08	247.2	166.09	123.82
Operating Income	126.72	105.39	44.48	103.79	77.21	57.88
Interest Expense	-0.79	-0.66	-0.73	-0.39	-0.7	-0.28
Interest & Investment Income	3.63	2.4	4.05	6.91	4.41	1.88
Currency Exchange Gain (Loss)	0.27	0.27	-0.15	0.06	-0.08	-0.06
Other Non Operating Income (Expenses)	-0.58	-0.31	-0.48	-0.15	-0.07	-1.47
EBT Excluding Unusual Items	129.26	107.11	47.17	110.23	80.77	57.95
Gain (Loss) on Sale of Investments	-0.39	-0.86	-3.63	-	-	0.09
Gain (Loss) on Sale of Assets	-0.06	-0.06	-0.01	-0.01	-0.01	0.01
Asset Writedown	1.64	-	-	-	-	-
Other Unusual Items	3.19	3.19	8.42	13.78	7.62	26.98
Pretax Income	133.64	109.38	51.95	123.99	88.38	85.03
Income Tax Expense	1.94	1.85	-10.75	7.94	7.15	10.62
Net Income	131.7	107.52	62.7	116.06	81.24	74.42
Net Income to Common	131.7	107.52	62.7	116.06	81.24	74.42
Net Income Growth	61.04%	71.49%	-45.98%	42.87%	9.16%	86.77%
Shares Outstanding (Basic)	79	82	81	81	69	61
Shares Outstanding (Diluted)	80	83	82	82	69	61
Shares Change (YoY)	-10.38%	0.26%	0.94%	17.60%	14.22%	2.15%
EPS (Basic)	1.66	1.31	0.77	1.43	1.17	1.22
EPS (Diluted)	1.65	1.30	0.76	1.42	1.17	1.22
EPS Growth	79.69%	71.05%	-46.48%	21.48%	-4.42%	82.84%
Free Cash Flow	71.86	32.49	-123.04	-63.07	21.28	10.67
Free Cash Flow Per Share	0.90	0.39	-1.49	-0.77	0.31	0.17
Dividend Per Share	0.430	0.430	0.115	0.363	0.135	-
Dividend Growth	273.91%	273.91%	-68.32%	168.69%	-	-
Gross Margin	64.78%	63.62%	60.75%	64.16%	61.27%	68.88%
Operating Margin	20.08%	18.05%	8.93%	18.97%	19.44%	21.94%
Profit Margin	20.86%	18.42%	12.59%	21.22%	20.46%	28.21%
Free Cash Flow Margin	11.38%	5.57%	-24.71%	-11.53%	5.36%	4.04%
EBITDA	137.17	115.87	54.99	113.38	85.9	65.46
EBITDA Margin	21.73%	19.85%	11.04%	20.73%	21.63%	24.82%
D&A For EBITDA	10.45	10.47	10.51	9.59	8.68	7.58
EBIT	126.72	105.39	44.48	103.79	77.21	57.88
EBIT Margin	20.08%	18.05%	8.93%	18.97%	19.44%	21.94%
Effective Tax Rate	1.45%	1.70%	-	6.40%	8.09%	12.48%
Revenue as Reported	631.23	583.73	498.04	547.03	397.1	263.78
Advertising Expenses	-	10.51	7.17	8.7	8.9	5.39

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.