SHA:688835 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 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Operating Revenue	594.87	509.21	421.53	224.66	162.54	174.48
Other Revenue	1.39	1.39	1.64	1.06	2.49	2.37
Revenue	596.26	510.61	423.17	225.71	165.03	176.86
Revenue Growth	-	20.66%	87.48%	36.77%	-6.69%	42.90%
Cost of Revenue	259.05	229.32	205.59	117.11	75.81	80.84
Gross Profit	337.21	281.29	217.58	108.6	89.22	96.02
Selling, General & Admin	76.33	70.58	62.52	56.86	48.66	14.54
Research & Development	85.51	81.39	54.05	43.51	36.04	19.54
Other Operating Expenses	-17.51	-9.91	-11.96	-9.83	-1.8	-8.92
Operating Expenses	143.69	141.42	112.58	97.66	83.41	23.62
Operating Income	193.52	139.86	105	10.94	5.81	72.41
Interest Expense	-0.4	-0.4	-1.16	-0.65	-0.54	-
Interest & Investment Income	2.13	1.94	0.03	0.42	2.68	2.96
Currency Exchange Gain (Loss)	-0.57	-0.57	0.12	0.06	0.13	-0.56
Other Non Operating Income (Expenses)	5.67	-0.08	0.94	1.36	-0.15	-0.09
EBT Excluding Unusual Items	200.35	140.76	104.93	12.14	7.95	74.72
Gain (Loss) on Sale of Investments	2.71	0.95	-0.23	-	0.15	-
Gain (Loss) on Sale of Assets	-0.92	-1.3	-0.91	-0.26	-0.03	-0.07
Asset Writedown	-1.3	-	-	-	-0	-0.01
Other Unusual Items	2.18	2.18	6.11	13.83	6.33	-0.1
Pretax Income	203.01	142.59	109.9	25.71	14.4	74.54
Income Tax Expense	21.19	12.08	10.14	-0.79	-1.03	9.05
Earnings From Continuing Operations	181.82	130.5	99.76	26.49	15.43	65.49
Minority Interest in Earnings	2.63	2.22	-	-	-0.03	-0.58
Net Income	184.45	132.72	99.76	26.49	15.4	64.92
Net Income to Common	184.45	132.72	99.76	26.49	15.4	64.92
Net Income Growth	-	33.04%	276.57%	72.05%	-76.28%	51.08%
Shares Outstanding (Basic)	75	73	70	68	67	68
Shares Outstanding (Diluted)	75	73	70	68	67	68
Shares Change	-	3.80%	3.43%	1.47%	-1.09%	3.06%
EPS (Basic)	2.46	1.82	1.42	0.39	0.23	0.96
EPS (Diluted)	2.46	1.82	1.42	0.39	0.23	0.96
EPS Growth	-	28.17%	264.10%	69.56%	-76.02%	47.56%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Free Cash Flow	184.11	99.97	42.64	-82.68	-79.08	61.91
Free Cash Flow Per Share	2.46	1.37	0.61	-1.22	-1.18	0.92
Dividend Per Share	-	-	0.400	0.300	-	-
Dividend Growth	-	-	33.33%	200.00%	-	-
Gross Margin	56.55%	55.09%	51.42%	48.12%	54.06%	54.29%
Operating Margin	32.46%	27.39%	24.81%	4.85%	3.52%	40.94%
Profit Margin	30.94%	25.99%	23.57%	11.74%	9.33%	36.70%
Free Cash Flow Margin	30.88%	19.58%	10.08%	-36.63%	-47.92%	35.00%
EBITDA	205.28	150.61	115	14.61	9.73	74.15
EBITDA Margin	34.43%	29.50%	27.18%	6.47%	5.90%	41.93%
D&A For EBITDA	11.76	10.75	10	3.67	3.92	1.74
EBIT	193.52	139.86	105	10.94	5.81	72.41
EBIT Margin	32.46%	27.39%	24.81%	4.85%	3.52%	40.94%
Effective Tax Rate	10.44%	8.48%	9.23%	-	-	12.14%
Revenue as Reported	510.61	510.61	423.17	225.71	165.03	-
Advertising Expenses	-	1.74	2.26	2.11	0.18	0.85