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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,136	1,220	1,388	1,141	1,117	833.54
Other Revenue	10.24	10.24	23.52	19.2	27.41	28.51
Revenue	1,147	1,230	1,412	1,160	1,144	862.05
Revenue Growth (YoY)	-21.13%	-12.87%	21.73%	1.36%	32.75%	4.50%
Cost of Revenue	197.68	223.42	233.2	157.47	143.73	114.92
Gross Profit	948.89	1,007	1,179	1,003	1,001	747.14
Selling, General & Admin	677.5	712.36	896.32	853.14	842.51	602.88
Research & Development	126.71	138.16	134.22	114.21	77.4	56.42
Other Operating Expenses	8.36	8.87	9.49	7.55	6.53	7.01
Operating Expenses	813.23	854.26	1,043	973.54	932.66	666.03
Operating Income	135.65	152.61	135.77	28.96	67.96	81.1
Interest Expense	-5.48	-1.46	-0.78	-1	-0.05	-
Interest & Investment Income	14.15	18.33	24.02	28.84	54	5.66
Currency Exchange Gain (Loss)	0.44	0.44	0.74	3.01	-0.36	0.13
Other Non Operating Income (Expenses)	21	1.19	-1.14	-9.09	-0.38	-0.31
EBT Excluding Unusual Items	165.76	171.11	158.61	50.72	121.17	86.58
Gain (Loss) on Sale of Investments	6.25	7.7	2.03	1.81	-	-2.05
Gain (Loss) on Sale of Assets	-1.81	-0.01	-0.34	-3.52	0.29	-0.2
Asset Writedown	-1.75	-0.86	-3.01	-	-	-
Other Unusual Items	-6.03	-1.12	-11.04	48.67	1.68	3.49
Pretax Income	162.42	176.83	146.24	97.68	123.15	87.81
Income Tax Expense	17.54	17.67	8.96	17.1	24.87	16.82
Earnings From Continuing Operations	144.88	159.16	137.28	80.59	98.27	70.99
Minority Interest in Earnings	-8.07	-16.79	-20.76	2.82	9.02	4.58
Net Income	136.81	142.37	116.52	83.41	107.29	75.57
Net Income to Common	136.81	142.37	116.52	83.41	107.29	75.57
Net Income Growth	-4.55%	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)	0.16%	0.62%	-2.21%	4.71%	26.92%	5.22%
EPS (Basic)	0.82	0.85	0.70	0.49	0.66	0.59
EPS (Diluted)	0.82	0.85	0.70	0.49	0.66	0.59
EPS Growth	-4.70%	21.43%	42.86%	-25.76%	11.86%	34.09%
Free Cash Flow	-47.95	-162.47	-28.08	59.03	73.96	89.87
Free Cash Flow Per Share	-0.29	-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	82.76%	81.84%	83.48%	86.42%	87.44%	86.67%
Operating Margin	11.83%	12.40%	9.62%	2.50%	5.94%	9.41%
Profit Margin	11.93%	11.57%	8.25%	7.19%	9.38%	8.77%
Free Cash Flow Margin	-4.18%	-13.21%	-1.99%	5.09%	6.46%	10.42%
EBITDA	180.72	194.69	173.84	65.4	103.49	114.14
EBITDA Margin	15.76%	15.82%	12.31%	5.64%	9.04%	13.24%
D&A For EBITDA	45.07	42.07	38.07	36.44	35.53	33.04
EBIT	135.65	152.61	135.77	28.96	67.96	81.1
EBIT Margin	11.83%	12.40%	9.62%	2.50%	5.94%	9.41%
Effective Tax Rate	10.80%	9.99%	6.13%	17.50%	20.20%	19.16%
Revenue as Reported	1,147	1,230	1,412	1,160	1,144	862.05

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