SHA:688776 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	279.49	534.12	734.13	904.34	585.15
Other Revenue	-	2.55	11.32	7.04	5.21
Revenue	279.49	536.68	745.45	911.38	590.35
Revenue Growth (YoY)	-47.92%	-28.01%	-18.21%	54.38%	32.41%
Cost of Revenue	-	373.56	535.82	598.72	302.92
Gross Profit	279.49	163.11	209.62	312.66	287.44
Selling, General & Admin	-	73.26	74.45	71.75	70.58
Research & Development	-	36.62	39.09	44.65	25.47
Other Operating Expenses	391.64	0.74	4.47	4.67	2.21
Operating Expenses	391.64	124.84	141.52	139.46	111.22
Operating Income	-112.15	38.27	68.1	173.2	176.22
Interest Expense	-	-0.07	-0.42	-1.21	-1.49
Interest & Investment Income	-	16.53	17.63	18.8	3.27
Currency Exchange Gain (Loss)	-	0.07	0.03	0.04	0.02
Other Non Operating Income (Expenses)	-1.71	-0.37	-0.15	-0.14	-0.56
EBT Excluding Unusual Items	-113.86	54.42	85.2	190.69	177.46
Gain (Loss) on Sale of Assets	-	-0.38	-0.28	-0.46	-0.85
Asset Writedown	-	0.04	0.02	-0.14	-
Other Unusual Items	-	-2.64	16.21	-3.79	14.72
Pretax Income	-113.86	51.44	101.15	186.3	191.32
Income Tax Expense	-17.62	4.39	10.79	20.24	26.37
Earnings From Continuing Operations	-96.24	47.05	90.35	166.05	164.96
Net Income	-96.24	47.05	90.35	166.05	164.96
Net Income to Common	-96.24	47.05	90.35	166.05	164.96
Net Income Growth	-	-47.93%	-45.59%	0.66%	72.90%
Shares Outstanding (Basic)	108	109	109	109	90
Shares Outstanding (Diluted)	108	109	109	109	90
Shares Change (YoY)	-1.17%	0.51%	0.30%	20.31%	10.76%
EPS (Basic)	-0.89	0.43	0.83	1.53	1.83
EPS (Diluted)	-0.89	0.43	0.83	1.53	1.83
EPS Growth	-	-48.19%	-45.75%	-16.33%	56.10%
Free Cash Flow	-	39.48	21.69	-54.16	39.75
Free Cash Flow Per Share	-	0.36	0.20	-0.50	0.44
Dividend Per Share	-	-	0.200	-	0.461
Gross Margin	100.00%	30.39%	28.12%	34.31%	48.69%
Operating Margin	-40.13%	7.13%	9.14%	19.00%	29.85%
Profit Margin	-34.44%	8.77%	12.12%	18.22%	27.94%
Free Cash Flow Margin	-	7.36%	2.91%	-5.94%	6.73%
EBITDA	-94.77	55.66	84.79	184.96	193.85
EBITDA Margin	-33.91%	10.37%	11.38%	20.29%	32.84%
D&A For EBITDA	17.38	17.38	16.69	11.76	17.64
EBIT	-112.15	38.27	68.1	173.2	176.22
EBIT Margin	-40.13%	7.13%	9.14%	19.00%	29.85%
Effective Tax Rate	-	8.54%	10.67%	10.87%	13.78%
Revenue as Reported	-	536.68	745.45	911.38	590.35

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