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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	623.05	640.81	812.89	894.52	932.63	919.92
Other Revenue	5.41	5.41	7.64	6.12	4.9	1.72
Revenue	628.45	646.21	820.53	900.64	937.54	921.64
Revenue Growth (YoY)	-15.74%	-21.24%	-8.89%	-3.94%	1.73%	5.22%
Cost of Revenue	325.87	337.2	442.58	471.9	481.94	520.54
Gross Profit	302.58	309.01	377.95	428.74	455.6	401.1
Selling, General & Admin	213.95	218.35	233.66	238.83	248.36	223.7
Research & Development	5.94	6.06	7.14	10.12	11.58	9.38
Other Operating Expenses	3.2	2.87	3.02	2.58	2.08	0.72
Operating Expenses	223.52	227.54	242.89	248.94	265.66	234.86
Operating Income	79.06	81.48	135.06	179.8	189.93	166.24
Interest Expense	-0.22	-0.24	-0.65	-1.15	-1.85	-1.14
Interest & Investment Income	6.12	7.08	19.92	24.18	16.56	27.01
Currency Exchange Gain (Loss)	1.45	1.45	-1.07	1.07	-0.73	0.23
Other Non Operating Income (Expenses)	-1.46	-0.59	-0.25	-0.61	-0.5	-0.57
EBT Excluding Unusual Items	84.96	89.18	153.01	203.28	203.41	191.77
Impairment of Goodwill	-	-	-	-	-	-10.32
Gain (Loss) on Sale of Investments	4.92	5.27	8.02	6.52	-4.66	2.58
Gain (Loss) on Sale of Assets	0.92	0.92	0.88	2.51	0.03	-0
Asset Writedown	-1.05	-	-0.03	-0	-0.13	-0.01
Other Unusual Items	6.21	4.86	4.11	-1.07	1.49	8.28
Pretax Income	95.96	100.24	165.98	211.24	200.15	192.29
Income Tax Expense	21.75	22.28	37.05	48.76	59.87	57.34
Earnings From Continuing Operations	74.21	77.96	128.93	162.48	140.28	134.95
Minority Interest in Earnings	-1.06	-0.96	-2.32	-2.48	-2.91	-4.3
Net Income	73.14	77	126.61	160	137.36	130.65
Net Income to Common	73.14	77	126.61	160	137.36	130.65
Net Income Growth	-28.69%	-39.18%	-20.87%	16.48%	5.14%	-40.53%
Shares Outstanding (Basic)	154	154	162	163	163	163
Shares Outstanding (Diluted)	154	154	162	163	163	163
Shares Change (YoY)	-3.47%	-4.70%	-0.42%	0.00%	-0.49%	-0.39%
EPS (Basic)	0.47	0.50	0.78	0.98	0.85	0.80
EPS (Diluted)	0.47	0.50	0.78	0.98	0.85	0.80
EPS Growth	-26.12%	-36.18%	-20.54%	16.48%	5.66%	-40.30%
Free Cash Flow	103.16	-35.98	34.49	169.33	148.5	101.95
Free Cash Flow Per Share	0.67	-0.23	0.21	1.04	0.91	0.62
Dividend Per Share	0.600	0.600	0.800	0.900	0.800	0.600
Dividend Growth	-25.00%	-25.00%	-11.11%	12.50%	33.33%	-4.00%
Gross Margin	48.15%	47.82%	46.06%	47.60%	48.59%	43.52%
Operating Margin	12.58%	12.61%	16.46%	19.96%	20.26%	18.04%
Profit Margin	11.64%	11.92%	15.43%	17.77%	14.65%	14.18%
Free Cash Flow Margin	16.42%	-5.57%	4.20%	18.80%	15.84%	11.06%
EBITDA	87.66	90.51	145.79	191.66	199.06	169.63
EBITDA Margin	13.95%	14.01%	17.77%	21.28%	21.23%	18.40%
D&A For EBITDA	8.6	9.03	10.73	11.86	9.12	3.39
EBIT	79.06	81.48	135.06	179.8	189.93	166.24
EBIT Margin	12.58%	12.61%	16.46%	19.96%	20.26%	18.04%
Effective Tax Rate	22.67%	22.22%	22.32%	23.08%	29.91%	29.82%
Revenue as Reported	628.45	646.21	820.53	900.64	937.54	921.64
Advertising Expenses	-	8.98	9.39	9.87	12.39	9.44

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