SHA:688789 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,178	2,288	1,774	1,252	891.73	936.38
Other Revenue	14.45	14.45	16.38	5.9	2.81	6.72
Revenue	2,193	2,303	1,790	1,258	894.54	943.11
Revenue Growth (YoY)	15.39%	28.61%	42.30%	40.65%	-5.15%	31.74%
Cost of Revenue	1,276	1,328	997.74	684.98	480.89	547.61
Gross Profit	916.72	974.62	792.61	573.18	413.65	395.49
Selling, General & Admin	269.78	268.84	216.29	157.29	109.47	83.87
Research & Development	113.83	120.47	121.4	90.1	59.47	55.63
Other Operating Expenses	1.94	-0.86	-9.95	3.47	-0.92	-0.55
Operating Expenses	392.83	401.07	345.09	257.28	174.03	147.58
Operating Income	523.9	573.55	447.53	315.9	239.62	247.92
Interest Expense	-4.95	-4.92	-5.99	-3.63	-0.22	-0.05
Interest & Investment Income	34.29	38.36	33.63	47.38	18.65	14.83
Currency Exchange Gain (Loss)	-9.75	-9.75	1.96	13.57	16.91	-18.74
Other Non Operating Income (Expenses)	-28.25	-3.96	-2.82	-2.03	-1.27	-0.92
EBT Excluding Unusual Items	515.23	593.29	474.31	371.2	273.69	243.03
Impairment of Goodwill	-	-	-0.32	-0.24	-	-
Gain (Loss) on Sale of Investments	1.84	0.79	0.65	-5.44	-2.6	1.25
Gain (Loss) on Sale of Assets	2.35	7.94	-0.47	-0.04	-1.04	-0.41
Asset Writedown	-1.98	-	-	-	-	-
Other Unusual Items	32.22	32.11	19.71	14.46	12.18	18.28
Pretax Income	550.33	634.79	494.04	379.93	282.23	262.15
Income Tax Expense	69.24	82.4	61.28	44.05	31.61	34.18
Earnings From Continuing Operations	481.09	552.39	432.76	335.87	250.62	227.97
Minority Interest in Earnings	-19.58	-24.11	-18.36	-10.61	-7.59	-1.36
Net Income	461.52	528.29	414.4	325.26	243.03	226.6
Net Income to Common	461.52	528.29	414.4	325.26	243.03	226.6
Net Income Growth	5.80%	27.48%	27.40%	33.83%	7.25%	32.38%
Shares Outstanding (Basic)	179	179	179	177	164	140
Shares Outstanding (Diluted)	179	179	179	177	164	140
Shares Change (YoY)	0.24%	0.26%	1.04%	7.88%	16.81%	13.79%
EPS (Basic)	2.58	2.95	2.32	1.84	1.48	1.62
EPS (Diluted)	2.58	2.95	2.32	1.84	1.48	1.62
EPS Growth	5.55%	27.16%	26.09%	24.06%	-8.18%	16.33%
Free Cash Flow	-104.23	-88.72	-49.86	-246.17	28.53	-11.59
Free Cash Flow Per Share	-0.58	-0.49	-0.28	-1.39	0.17	-0.08
Dividend Per Share	0.900	0.900	0.800	0.336	0.417	0.042
Dividend Growth	12.50%	12.50%	138.38%	-19.44%	899.04%	-
Gross Margin	41.81%	42.33%	44.27%	45.56%	46.24%	41.94%
Operating Margin	23.89%	24.91%	25.00%	25.11%	26.79%	26.29%
Profit Margin	21.05%	22.94%	23.15%	25.85%	27.17%	24.03%
Free Cash Flow Margin	-4.75%	-3.85%	-2.79%	-19.57%	3.19%	-1.23%
EBITDA	582.67	628.68	488.04	351.99	258.57	266.96
EBITDA Margin	26.58%	27.30%	27.26%	27.98%	28.90%	28.31%
D&A For EBITDA	58.78	55.12	40.51	36.09	18.95	19.04
EBIT	523.9	573.55	447.53	315.9	239.62	247.92
EBIT Margin	23.89%	24.91%	25.00%	25.11%	26.79%	26.29%
Effective Tax Rate	12.58%	12.98%	12.40%	11.59%	11.20%	13.04%
Revenue as Reported	2,193	2,303	1,790	1,258	894.54	943.11
Advertising Expenses	-	13.35	10.48	10.73	1.64	2.09

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