Beijing Kawin Technology Share-Holding Co., Ltd. (SHA:688687)

SHA:688687 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,193	1,220	1,388	1,141	1,117	833.54
Other Revenue	7.1	10.24	23.52	19.2	27.41	28.51
Revenue	1,200	1,230	1,412	1,160	1,144	862.05
Revenue Growth (YoY)	-18.54%	-12.87%	21.73%	1.36%	32.75%	4.50%
Cost of Revenue	214.07	223.42	233.2	157.47	143.73	114.92
Gross Profit	986.12	1,007	1,179	1,003	1,001	747.14
Selling, General & Admin	684.07	712.36	896.32	853.14	842.51	602.88
Research & Development	143.23	138.16	134.22	114.21	77.4	56.42
Other Operating Expenses	8.72	8.87	9.49	7.55	6.53	7.01
Operating Expenses	832.89	854.26	1,043	973.54	932.66	666.03
Operating Income	153.22	152.61	135.77	28.96	67.96	81.1
Interest Expense	-1.3	-1.46	-0.78	-1	-0.05	-
Interest & Investment Income	16.18	18.33	24.02	28.84	54	5.66
Currency Exchange Gain (Loss)	0.33	0.44	0.74	3.01	-0.36	0.13
Other Non Operating Income (Expenses)	11.14	1.19	-1.14	-9.09	-0.38	-0.31
EBT Excluding Unusual Items	179.58	171.11	158.61	50.72	121.17	86.58
Gain (Loss) on Sale of Investments	6.8	7.7	2.03	1.81	-	-2.05
Gain (Loss) on Sale of Assets	-0.8	-0.01	-0.34	-3.52	0.29	-0.2
Asset Writedown	-0.76	-0.86	-3.01	-	-	-
Other Unusual Items	-5.48	-1.12	-11.04	48.67	1.68	3.49
Pretax Income	179.34	176.83	146.24	97.68	123.15	87.81
Income Tax Expense	14.61	17.67	8.96	17.1	24.87	16.82
Earnings From Continuing Operations	164.73	159.16	137.28	80.59	98.27	70.99
Minority Interest in Earnings	-17.38	-16.79	-20.76	2.82	9.02	4.58
Net Income	147.35	142.37	116.52	83.41	107.29	75.57
Net Income to Common	147.35	142.37	116.52	83.41	107.29	75.57
Net Income Growth	13.73%	22.18%	39.70%	-22.26%	41.98%	41.09%
Shares Outstanding (Basic)	167	167	166	170	163	128
Shares Outstanding (Diluted)	167	167	166	170	163	128
Shares Change (YoY)	-0.73%	0.62%	-2.21%	4.71%	26.92%	5.22%
EPS (Basic)	0.88	0.85	0.70	0.49	0.66	0.59
EPS (Diluted)	0.88	0.85	0.70	0.49	0.66	0.59
EPS Growth	14.57%	21.43%	42.86%	-25.76%	11.86%	34.09%
Free Cash Flow	-54.1	-162.47	-28.08	59.03	73.96	89.87
Free Cash Flow Per Share	-0.32	-0.97	-0.17	0.35	0.46	0.70
Dividend Per Share	0.300	0.300	0.250	0.200	0.250	0.150
Dividend Growth	20.00%	20.00%	25.00%	-20.00%	66.67%	-
Gross Margin	82.16%	81.84%	83.48%	86.42%	87.44%	86.67%
Operating Margin	12.77%	12.40%	9.62%	2.50%	5.94%	9.41%
Profit Margin	12.28%	11.57%	8.25%	7.19%	9.38%	8.77%
Free Cash Flow Margin	-4.51%	-13.21%	-1.99%	5.09%	6.46%	10.42%
EBITDA	200.42	194.69	173.84	65.4	103.49	114.14
EBITDA Margin	16.70%	15.82%	12.31%	5.64%	9.04%	13.24%
D&A For EBITDA	47.2	42.07	38.07	36.44	35.53	33.04
EBIT	153.22	152.61	135.77	28.96	67.96	81.1
EBIT Margin	12.77%	12.40%	9.62%	2.50%	5.94%	9.41%
Effective Tax Rate	8.14%	9.99%	6.13%	17.50%	20.20%	19.16%
Revenue as Reported	1,200	1,230	1,412	1,160	1,144	862.05

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.