Kingnet Network 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Operating Revenue	6,193	5,325	5,118	4,295	3,726	2,375
Other Revenue	0.1	0.1	0.02	-	-	-
Revenue	6,193	5,325	5,118	4,295	3,726	2,375
Revenue Growth (YoY)	19.95%	4.04%	19.16%	15.30%	56.84%	53.92%
Cost of Revenue	1,226	1,020	958.38	710.01	930.76	694.05
Gross Profit	4,968	4,305	4,160	3,585	2,795	1,681
Selling, General & Admin	2,394	1,877	1,950	1,472	975.42	534.48
Research & Development	585.65	579.74	586.07	517.33	503.06	330.85
Other Operating Expenses	20.33	19.81	15.42	16.81	17.55	11.93
Operating Expenses	2,998	2,477	2,560	2,008	1,477	846.88
Operating Income	1,969	1,828	1,600	1,577	1,318	834.37
Interest Expense	-4.41	-4.52	-2.55	-1.36	-2	-0.63
Interest & Investment Income	193.26	127.22	61.39	138.4	36.38	116.68
Currency Exchange Gain (Loss)	-6.98	-6.98	-0.37	0.25	0.04	-0.38
Other Non Operating Income (Expenses)	-7.65	-4.24	-0	-35.11	4.26	-9.32
EBT Excluding Unusual Items	2,144	1,939	1,659	1,680	1,357	940.72
Gain (Loss) on Sale of Investments	-24.2	-27.28	-29.34	-21.09	-50.32	-46.98
Gain (Loss) on Sale of Assets	3.22	1.77	0.77	0.55	-0.03	0.37
Asset Writedown	-	-	-	-	0.03	-
Legal Settlements	-4.23	-4.23	-0.15	-0.01	-	-
Other Unusual Items	245.5	71.11	43.28	38.18	78.04	42.08
Pretax Income	2,364	1,981	1,673	1,697	1,384	936.19
Income Tax Expense	156.77	78.53	45.68	116.63	22.94	91.75
Earnings From Continuing Operations	2,207	1,902	1,628	1,581	1,361	844.44
Minority Interest in Earnings	-41.11	1.41	0.9	-118.9	-336.1	-267.71
Net Income	2,166	1,904	1,628	1,462	1,025	576.73
Net Income to Common	2,166	1,904	1,628	1,462	1,025	576.73
Net Income Growth	25.90%	16.90%	11.41%	42.57%	77.77%	224.14%
Shares Outstanding (Basic)	2,127	2,139	2,115	2,088	2,092	2,136
Shares Outstanding (Diluted)	2,127	2,139	2,115	2,118	2,092	2,136
Shares Change (YoY)	0.22%	1.14%	-0.17%	1.25%	-2.05%	8.05%
EPS (Basic)	1.02	0.89	0.77	0.70	0.49	0.27
EPS (Diluted)	1.02	0.89	0.77	0.69	0.49	0.27
EPS Growth	25.62%	15.58%	11.59%	40.82%	81.48%	200.00%
Free Cash Flow	2,187	2,130	1,490	1,515	1,351	346.79
Free Cash Flow Per Share	1.03	1.00	0.70	0.71	0.65	0.16
Dividend Per Share	0.100	0.100	0.200	0.200	-	-
Dividend Growth	-50.00%	-50.00%	-	-	-	-
Gross Margin	80.21%	80.84%	81.27%	83.47%	75.02%	70.78%
Operating Margin	31.80%	34.33%	31.27%	36.72%	35.38%	35.13%
Profit Margin	34.97%	35.75%	31.82%	34.03%	27.52%	24.28%
Free Cash Flow Margin	35.30%	40.00%	29.12%	35.28%	36.27%	14.60%
EBITDA	2,000	1,858	1,627	1,598	1,330	843.13
EBITDA Margin	32.30%	34.89%	31.78%	37.20%	35.69%	35.50%
D&A For EBITDA	30.98	30.04	26.29	20.52	11.68	8.76
EBIT	1,969	1,828	1,600	1,577	1,318	834.37
EBIT Margin	31.80%	34.33%	31.27%	36.72%	35.38%	35.13%
Effective Tax Rate	6.63%	3.96%	2.73%	6.87%	1.66%	9.80%
Revenue as Reported	6,193	5,325	5,118	4,295	3,726	2,375
Advertising Expenses	-	36.09	38.09	13.68	5.16	-

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