Marketingforce Management 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,747	1,559	1,232	1,143	877.23
Revenue Growth (YoY)	25.89%	26.50%	7.82%	30.27%	-
Cost of Revenue	863.76	732.79	525.94	582.74	399.42
Gross Profit	883.68	825.79	706.18	560.04	477.81
Selling, General & Admin	542.56	592.23	530.69	503.93	456.19
Research & Development	224.5	245.45	210.04	224.62	160.59
Operating Expenses	872.71	897.35	771.87	735.04	631.97
Operating Income	10.97	-71.56	-65.69	-175.01	-154.16
Interest Expense	-47.4	-39.3	-35.24	-27.99	-26.48
Interest & Investment Income	22.11	7.62	1.05	1.11	0.53
Currency Exchange Gain (Loss)	-0.68	-0.68	-0.06	0.97	-1.42
Other Non Operating Income (Expenses)	1.66	8.54	37.66	45.41	38.79
EBT Excluding Unusual Items	-13.34	-95.38	-62.28	-155.5	-142.75
Gain (Loss) on Sale of Investments	3.57	-780.54	-107.82	-61.07	-122.24
Gain (Loss) on Sale of Assets	-10.34	-0.76	0.68	0.08	-0.12
Pretax Income	-20.11	-876.67	-169.42	-216.49	-265.1
Income Tax Expense	0.56	-	0.06	-0.03	7.49
Net Income	-19.11	-876.67	-169.48	-216.46	-272.59
Net Income to Common	-19.11	-876.67	-169.48	-216.46	-272.59
Shares Outstanding (Basic)	243	212	168	168	150
Shares Outstanding (Diluted)	243	212	168	168	150
Shares Change (YoY)	35.73%	26.38%	-	11.98%	-
EPS (Basic)	-0.08	-4.13	-1.01	-1.29	-1.82
EPS (Diluted)	-0.08	-4.13	-1.01	-1.29	-1.82
Free Cash Flow	-606.59	128.49	-137.18	25.76	-539.23
Free Cash Flow Per Share	-2.50	0.60	-0.82	0.15	-3.59
Gross Margin	50.57%	52.98%	57.31%	49.01%	54.47%
Operating Margin	0.63%	-4.59%	-5.33%	-15.31%	-17.57%
Profit Margin	-1.09%	-56.25%	-13.76%	-18.94%	-31.07%
Free Cash Flow Margin	-34.71%	8.24%	-11.13%	2.25%	-61.47%
EBITDA	26.75	-38.78	-24.6	-138.14	-127.45
EBITDA Margin	1.53%	-2.49%	-2.00%	-12.09%	-14.53%
D&A For EBITDA	15.78	32.78	41.09	36.87	26.72
EBIT	10.97	-71.56	-65.69	-175.01	-154.16
EBIT Margin	0.63%	-4.59%	-5.33%	-15.31%	-17.57%

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