Marketingforce Management 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
Revenue	2,818	1,559	1,232	1,143	877.23
Revenue Growth (YoY)	80.81%	26.50%	7.82%	30.27%	-
Cost of Revenue	1,634	732.79	525.94	582.74	399.42
Gross Profit	1,184	825.79	706.18	560.04	477.81
Selling, General & Admin	600.42	592.23	530.69	503.93	456.19
Research & Development	440.89	245.45	210.04	224.62	160.59
Operating Expenses	1,116	897.35	771.87	735.04	631.97
Operating Income	68.31	-71.56	-65.69	-175.01	-154.16
Interest Expense	-48.29	-39.3	-35.24	-27.99	-26.48
Interest & Investment Income	-	7.62	1.05	1.11	0.53
Currency Exchange Gain (Loss)	-	-0.68	-0.06	0.97	-1.42
Other Non Operating Income (Expenses)	53.98	8.54	37.66	45.41	38.79
EBT Excluding Unusual Items	74	-95.38	-62.28	-155.5	-142.75
Gain (Loss) on Sale of Investments	-	-780.54	-107.82	-61.07	-122.24
Gain (Loss) on Sale of Assets	-	-0.76	0.68	0.08	-0.12
Pretax Income	74	-876.67	-169.42	-216.49	-265.1
Income Tax Expense	0.73	-	0.06	-0.03	7.49
Earnings From Continuing Operations	73.27	-876.67	-169.48	-216.46	-272.59
Minority Interest in Earnings	15.68	-	-	-	-
Net Income	88.94	-876.67	-169.48	-216.46	-272.59
Net Income to Common	88.94	-876.67	-169.48	-216.46	-272.59
Shares Outstanding (Basic)	253	212	168	168	150
Shares Outstanding (Diluted)	253	212	168	168	150
Shares Change (YoY)	19.13%	26.38%	-	11.98%	-
EPS (Basic)	0.35	-4.13	-1.01	-1.29	-1.82
EPS (Diluted)	0.35	-4.13	-1.01	-1.29	-1.82
Free Cash Flow	-	128.49	-137.18	25.76	-539.23
Free Cash Flow Per Share	-	0.60	-0.82	0.15	-3.59
Gross Margin	42.02%	52.98%	57.31%	49.01%	54.47%
Operating Margin	2.42%	-4.59%	-5.33%	-15.31%	-17.57%
Profit Margin	3.16%	-56.25%	-13.76%	-18.94%	-31.07%
Free Cash Flow Margin	-	8.24%	-11.13%	2.25%	-61.47%
EBITDA	101.08	-38.78	-24.6	-138.14	-127.45
EBITDA Margin	3.59%	-2.49%	-2.00%	-12.09%	-14.53%
D&A For EBITDA	32.78	32.78	41.09	36.87	26.72
EBIT	68.31	-71.56	-65.69	-175.01	-154.16
EBIT Margin	2.42%	-4.59%	-5.33%	-15.31%	-17.57%
Effective Tax Rate	0.98%	-	-	-	-

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