Thinkingdom Media Group 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	648.91	812.89	894.52	932.63	919.92	874.64
Other Revenue	7.64	7.64	6.12	4.9	1.72	1.29
Revenue	656.55	820.53	900.64	937.54	921.64	875.93
Revenue Growth (YoY)	-25.66%	-8.89%	-3.94%	1.73%	5.22%	-5.34%
Cost of Revenue	348.43	442.58	471.9	481.94	520.54	465.57
Gross Profit	308.11	377.95	428.74	455.6	401.1	410.36
Selling, General & Admin	231.17	233.66	238.83	248.36	223.7	174.21
Research & Development	5.99	7.14	10.12	11.58	9.38	3.41
Other Operating Expenses	7.5	3.02	2.58	2.08	0.72	1.21
Operating Expenses	244.98	242.89	248.94	265.66	234.86	179.41
Operating Income	63.14	135.06	179.8	189.93	166.24	230.95
Interest Expense	-0.41	-0.65	-1.15	-1.85	-1.14	-0
Interest & Investment Income	11.17	19.92	24.18	16.56	27.01	34.01
Currency Exchange Gain (Loss)	-1.07	-1.07	1.07	-0.73	0.23	0.25
Other Non Operating Income (Expenses)	2.84	-0.25	-0.61	-0.5	-0.57	-0.43
EBT Excluding Unusual Items	75.67	153.01	203.28	203.41	191.77	264.77
Impairment of Goodwill	-	-	-	-	-10.32	-7.16
Gain (Loss) on Sale of Investments	9.58	8.02	6.52	-4.66	2.58	4.64
Gain (Loss) on Sale of Assets	-0.45	0.88	2.51	0.03	-0	-0
Asset Writedown	1.23	-0.03	-0	-0.13	-0.01	-0
Other Unusual Items	7.38	4.11	-1.07	1.49	8.28	31.6
Pretax Income	93.4	165.98	211.24	200.15	192.29	293.85
Income Tax Expense	25.27	37.05	48.76	59.87	57.34	71.2
Earnings From Continuing Operations	68.13	128.93	162.48	140.28	134.95	222.65
Minority Interest in Earnings	-0.65	-2.32	-2.48	-2.91	-4.3	-2.96
Net Income	67.48	126.61	160	137.36	130.65	219.69
Net Income to Common	67.48	126.61	160	137.36	130.65	219.69
Net Income Growth	-57.28%	-20.87%	16.48%	5.14%	-40.53%	-8.57%
Shares Outstanding (Basic)	156	162	163	163	163	163
Shares Outstanding (Diluted)	156	162	163	163	163	164
Shares Change (YoY)	-4.24%	-0.42%	0.00%	-0.49%	-0.39%	0.64%
EPS (Basic)	0.43	0.78	0.98	0.85	0.80	1.35
EPS (Diluted)	0.43	0.78	0.98	0.85	0.80	1.34
EPS Growth	-55.39%	-20.54%	16.48%	5.66%	-40.30%	-9.15%
Free Cash Flow	-100.5	34.49	169.33	148.5	101.95	135.52
Free Cash Flow Per Share	-0.65	0.21	1.04	0.91	0.62	0.83
Dividend Per Share	0.800	0.800	0.900	0.800	0.600	0.625
Dividend Growth	-11.11%	-11.11%	12.50%	33.33%	-4.00%	-
Gross Margin	46.93%	46.06%	47.60%	48.59%	43.52%	46.85%
Operating Margin	9.62%	16.46%	19.96%	20.26%	18.04%	26.37%
Profit Margin	10.28%	15.43%	17.77%	14.65%	14.18%	25.08%
Free Cash Flow Margin	-15.31%	4.20%	18.80%	15.84%	11.06%	15.47%
EBITDA	72.93	145.73	191.66	199.06	169.63	233.26
EBITDA Margin	11.11%	17.76%	21.28%	21.23%	18.40%	26.63%
D&A For EBITDA	9.79	10.68	11.86	9.12	3.39	2.31
EBIT	63.14	135.06	179.8	189.93	166.24	230.95
EBIT Margin	9.62%	16.46%	19.96%	20.26%	18.04%	26.37%
Effective Tax Rate	27.06%	22.32%	23.08%	29.91%	29.82%	24.23%
Revenue as Reported	656.55	820.53	900.64	937.54	921.64	875.93
Advertising Expenses	-	9.39	9.87	12.39	9.44	4.71

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