SHA:688789 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	2,141	1,774	1,252	891.73	936.38	712.93
Other Revenue	16.38	16.38	5.9	2.81	6.72	2.94
Revenue	2,157	1,790	1,258	894.54	943.11	715.87
Revenue Growth (YoY)	31.49%	42.30%	40.65%	-5.15%	31.74%	21.08%
Cost of Revenue	1,234	997.74	684.98	480.89	547.61	418.2
Gross Profit	923.18	792.61	573.18	413.65	395.49	297.67
Selling, General & Admin	255.64	216.29	157.29	109.47	83.87	57.73
Research & Development	138.49	121.4	90.1	59.47	55.63	46.53
Other Operating Expenses	12.47	-9.95	3.47	-0.92	-0.55	-2.07
Operating Expenses	417.9	345.09	257.28	174.03	147.58	108.84
Operating Income	505.28	447.53	315.9	239.62	247.92	188.83
Interest Expense	-4.5	-5.99	-3.63	-0.22	-0.05	-
Interest & Investment Income	31.15	33.63	47.38	18.65	14.83	6.05
Currency Exchange Gain (Loss)	1.96	1.96	13.57	16.91	-18.74	-10.01
Other Non Operating Income (Expenses)	10.84	-2.82	-2.03	-1.27	-0.92	-0.47
EBT Excluding Unusual Items	544.73	474.31	371.2	273.69	243.03	184.4
Impairment of Goodwill	-0.32	-0.32	-0.24	-	-	-
Gain (Loss) on Sale of Investments	4.23	0.65	-5.44	-2.6	1.25	-
Gain (Loss) on Sale of Assets	7.23	-0.47	-0.04	-1.04	-0.41	-0.49
Asset Writedown	-0.58	-	-	-	-	-
Other Unusual Items	42.77	19.71	14.46	12.18	18.28	11.39
Pretax Income	598.23	494.04	379.93	282.23	262.15	195.3
Income Tax Expense	73.43	61.28	44.05	31.61	34.18	24.18
Earnings From Continuing Operations	524.8	432.76	335.87	250.62	227.97	171.12
Minority Interest in Earnings	-32.65	-18.36	-10.61	-7.59	-1.36	0.06
Net Income	492.15	414.4	325.26	243.03	226.6	171.18
Net Income to Common	492.15	414.4	325.26	243.03	226.6	171.18
Net Income Growth	24.31%	27.40%	33.83%	7.25%	32.38%	18.89%
Shares Outstanding (Basic)	179	179	177	164	140	123
Shares Outstanding (Diluted)	179	179	177	164	140	123
Shares Change (YoY)	0.90%	1.04%	7.88%	16.81%	13.79%	0.10%
EPS (Basic)	2.75	2.32	1.84	1.48	1.62	1.39
EPS (Diluted)	2.75	2.32	1.84	1.48	1.62	1.39
EPS Growth	23.20%	26.09%	24.06%	-8.18%	16.33%	18.77%
Free Cash Flow	-87.91	-49.86	-246.17	28.53	-11.59	88.79
Free Cash Flow Per Share	-0.49	-0.28	-1.39	0.17	-0.08	0.72
Dividend Per Share	0.900	0.800	0.336	0.417	0.042	-
Dividend Growth	68.04%	138.38%	-19.44%	899.04%	-	-
Gross Margin	42.79%	44.27%	45.56%	46.24%	41.94%	41.58%
Operating Margin	23.42%	25.00%	25.11%	26.79%	26.29%	26.38%
Profit Margin	22.81%	23.15%	25.85%	27.17%	24.03%	23.91%
Free Cash Flow Margin	-4.08%	-2.79%	-19.57%	3.19%	-1.23%	12.40%
EBITDA	546.46	486.52	351.99	258.57	266.96	203.93
EBITDA Margin	25.33%	27.18%	27.98%	28.90%	28.31%	28.49%
D&A For EBITDA	41.18	39	36.09	18.95	19.04	15.1
EBIT	505.28	447.53	315.9	239.62	247.92	188.83
EBIT Margin	23.42%	25.00%	25.11%	26.79%	26.29%	26.38%
Effective Tax Rate	12.28%	12.40%	11.59%	11.20%	13.04%	12.38%
Revenue as Reported	2,157	1,790	1,258	894.54	943.11	715.87
Advertising Expenses	-	10.48	10.73	1.64	2.09	1.73

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