Kingnet Network Co., Ltd. (SHE:002517)

Kingnet Network 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	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,266	5,118	4,295	3,726	2,375	1,527
Other Revenue	0.02	0.02	-	-	-	16.44
Revenue	5,266	5,118	4,295	3,726	2,375	1,543
Revenue Growth (YoY)	1.39%	19.16%	15.30%	56.84%	53.92%	-24.24%
Cost of Revenue	950.71	958.38	710.01	930.76	694.05	428.57
Gross Profit	4,315	4,160	3,585	2,795	1,681	1,115
Selling, General & Admin	1,824	1,950	1,472	975.42	534.48	656.33
Research & Development	623.33	586.07	517.33	503.06	330.85	306.11
Other Operating Expenses	27.26	15.42	16.81	17.55	11.93	5.31
Operating Expenses	2,478	2,560	2,008	1,477	846.88	967.59
Operating Income	1,837	1,600	1,577	1,318	834.37	147.04
Interest Expense	-4.01	-2.55	-1.36	-2	-0.63	-
Interest & Investment Income	73.73	61.39	138.4	36.38	116.68	59.43
Currency Exchange Gain (Loss)	-0.37	-0.37	0.25	0.04	-0.38	-0.02
Other Non Operating Income (Expenses)	-1.74	-0	-35.11	4.26	-9.32	12.92
EBT Excluding Unusual Items	1,904	1,659	1,680	1,357	940.72	219.36
Impairment of Goodwill	-	-	-	-	-	-0.12
Gain (Loss) on Sale of Investments	-29.22	-29.34	-21.09	-50.32	-46.98	4.24
Gain (Loss) on Sale of Assets	1.69	0.77	0.55	-0.03	0.37	-3.18
Asset Writedown	-	-	-	0.03	-	0
Legal Settlements	-0.15	-0.15	-0.01	-	-	-
Other Unusual Items	110.16	43.28	38.18	78.04	42.08	33.27
Pretax Income	1,987	1,673	1,697	1,384	936.19	253.57
Income Tax Expense	56.26	45.68	116.63	22.94	91.75	11
Earnings From Continuing Operations	1,931	1,628	1,581	1,361	844.44	242.57
Minority Interest in Earnings	1.28	0.9	-118.9	-336.1	-267.71	-64.64
Net Income	1,932	1,628	1,462	1,025	576.73	177.93
Net Income to Common	1,932	1,628	1,462	1,025	576.73	177.93
Net Income Growth	16.42%	11.41%	42.57%	77.77%	224.14%	-
Shares Outstanding (Basic)	2,120	2,115	2,088	2,092	2,136	1,977
Shares Outstanding (Diluted)	2,120	2,115	2,118	2,092	2,136	1,977
Shares Change (YoY)	-0.34%	-0.17%	1.25%	-2.05%	8.05%	-8.17%
EPS (Basic)	0.91	0.77	0.70	0.49	0.27	0.09
EPS (Diluted)	0.91	0.77	0.69	0.49	0.27	0.09
EPS Growth	16.81%	11.59%	40.82%	81.48%	200.00%	-
Free Cash Flow	1,703	1,490	1,515	1,351	346.79	37.38
Free Cash Flow Per Share	0.80	0.70	0.71	0.65	0.16	0.02
Dividend Per Share	0.100	0.200	0.200	-	-	-
Dividend Growth	-50.00%	-	-	-	-	-
Gross Margin	81.95%	81.27%	83.47%	75.02%	70.78%	72.23%
Operating Margin	34.88%	31.27%	36.72%	35.38%	35.13%	9.53%
Profit Margin	36.69%	31.82%	34.03%	27.52%	24.28%	11.53%
Free Cash Flow Margin	32.33%	29.12%	35.28%	36.27%	14.60%	2.42%
EBITDA	1,854	1,619	1,598	1,330	843.13	158.9
EBITDA Margin	35.22%	31.63%	37.20%	35.69%	35.50%	10.30%
D&A For EBITDA	17.53	18.81	20.52	11.68	8.76	11.87
EBIT	1,837	1,600	1,577	1,318	834.37	147.04
EBIT Margin	34.88%	31.27%	36.72%	35.38%	35.13%	9.53%
Effective Tax Rate	2.83%	2.73%	6.87%	1.66%	9.80%	4.34%
Revenue as Reported	5,266	5,118	4,295	3,726	2,375	1,543
Advertising Expenses	-	38.09	13.68	5.16	-	-

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