Qingci Games 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	456.08	627.96	905.74	630.37	1,106
Revenue Growth (YoY)	-27.37%	-30.67%	43.68%	-42.99%	-9.87%
Cost of Revenue	194.79	264.85	347.86	208.28	293.22
Gross Profit	261.29	363.12	557.88	422.09	812.6
Selling, General & Admin	163.99	275.85	476.3	278.29	342.44
Research & Development	104.9	106.14	105.52	113.35	91.23
Other Operating Expenses	1.06	-2.89	-8.64	0.81	-6.15
Operating Expenses	269.96	379.1	573.18	392.44	427.51
Operating Income	-8.67	-15.98	-15.3	29.64	385.09
Interest Expense	-1.74	-1.49	-1.41	-1.47	-0.67
Interest & Investment Income	-	13.95	15.83	8.87	2.05
Earnings From Equity Investments	1.32	-0.4	-1.81	-0.31	5.38
Currency Exchange Gain (Loss)	-	-4.35	-2.71	20.58	-7.17
Other Non Operating Income (Expenses)	8.94	-0.65	-1.26	-0.56	-0.19
EBT Excluding Unusual Items	-0.15	-8.91	-6.67	56.75	384.49
Gain (Loss) on Sale of Investments	131.66	55.94	-18.29	22.3	5.03
Other Unusual Items	-	-	-	-0.52	-790.79
Pretax Income	131.51	47.03	-24.97	78.54	-401.27
Income Tax Expense	8.17	-0.1	12.64	32.88	-32.63
Earnings From Continuing Operations	123.34	47.13	-37.6	45.66	-368.64
Minority Interest in Earnings	-1.59	3.99	0.23	4.63	1.41
Net Income	121.75	51.12	-37.37	50.28	-367.23
Net Income to Common	121.75	51.12	-37.37	50.28	-367.23
Net Income Growth	138.16%	-	-	-	-
Shares Outstanding (Basic)	676	691	691	691	384
Shares Outstanding (Diluted)	676	691	691	691	384
Shares Change (YoY)	-2.16%	-	0.03%	79.84%	3932.38%
EPS (Basic)	0.18	0.07	-0.05	0.07	-0.96
EPS (Diluted)	0.18	0.07	-0.05	0.07	-0.96
EPS Growth	143.43%	-	-	-	-
Free Cash Flow	-	6.96	-6.8	-34.6	194.02
Free Cash Flow Per Share	-	0.01	-0.01	-0.05	0.51
Dividend Per Share	-	-	-	-	0.124
Gross Margin	57.29%	57.82%	61.59%	66.96%	73.48%
Operating Margin	-1.90%	-2.54%	-1.69%	4.70%	34.82%
Profit Margin	26.70%	8.14%	-4.13%	7.98%	-33.21%
Free Cash Flow Margin	-	1.11%	-0.75%	-5.49%	17.55%
EBITDA	-3.03	-10.34	-10.43	33.41	386.48
EBITDA Margin	-0.66%	-1.65%	-1.15%	5.30%	34.95%
D&A For EBITDA	5.64	5.64	4.87	3.77	1.39
EBIT	-8.67	-15.98	-15.3	29.64	385.09
EBIT Margin	-1.90%	-2.54%	-1.69%	4.70%	34.82%
Effective Tax Rate	6.21%	-	-	41.87%	-

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