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	Sep '26 Sep 30, 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	8,508	5,325	5,118	4,295	3,726	2,375
Other Revenue	0.1	0.1	0.02	-	-	-
Revenue	8,508	5,325	5,118	4,295	3,726	2,375
Revenue Growth	61.57%	4.04%	19.16%	15.30%	56.84%	53.92%
Cost of Revenue	2,020	1,020	958.38	710.01	930.76	694.05
Gross Profit	6,488	4,305	4,160	3,585	2,795	1,681
Selling, General & Admin	3,488	1,877	1,950	1,472	975.42	534.48
Research & Development	495.82	579.74	586.07	517.33	503.06	330.85
Other Operating Expenses	88.42	19.81	15.42	16.81	17.55	11.93
Operating Expenses	4,093	2,477	2,560	2,008	1,477	846.88
Operating Income	2,394	1,828	1,600	1,577	1,318	834.37
Interest Expense	-10.43	-4.52	-2.55	-1.36	-2	-0.63
Interest & Investment Income	256.61	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)	156.36	-4.24	-0	-35.11	4.26	-9.32
EBT Excluding Unusual Items	2,790	1,939	1,659	1,680	1,357	940.72
Gain (Loss) on Sale of Investments	-0.96	-27.28	-29.34	-21.09	-50.32	-46.98
Gain (Loss) on Sale of Assets	1.96	1.77	0.77	0.55	-0.03	0.37
Asset Writedown	-17.68	-	-	-	0.03	-
Legal Settlements	-4.23	-4.23	-0.15	-0.01	-	-
Other Unusual Items	88.09	71.11	43.28	38.18	78.04	42.08
Pretax Income	2,857	1,981	1,673	1,697	1,384	936.19
Income Tax Expense	287.07	78.53	45.68	116.63	22.94	91.75
Earnings From Continuing Operations	2,570	1,902	1,628	1,581	1,361	844.44
Minority Interest in Earnings	-180.45	1.41	0.9	-118.9	-336.1	-267.71
Net Income	2,390	1,904	1,628	1,462	1,025	576.73
Net Income to Common	2,390	1,904	1,628	1,462	1,025	576.73
Net Income Growth	23.69%	16.90%	11.41%	42.57%	77.77%	224.14%
Shares Outstanding (Basic)	2,118	2,139	2,115	2,088	2,092	2,136
Shares Outstanding (Diluted)	2,118	2,139	2,115	2,118	2,092	2,136
Shares Change	-0.09%	1.14%	-0.17%	1.25%	-2.05%	8.05%
EPS (Basic)	1.13	0.89	0.77	0.70	0.49	0.27
EPS (Diluted)	1.13	0.89	0.77	0.69	0.49	0.27
EPS Growth	23.80%	15.58%	11.59%	40.82%	81.48%	200.00%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Free Cash Flow	2,841	2,130	1,490	1,515	1,351	346.79
Free Cash Flow Per Share	1.34	1.00	0.70	0.71	0.65	0.16
Dividend Per Share	0.100	0.100	0.200	0.200	-	-
Dividend Growth	0%	-50.00%	0%	-	-	-
Gross Margin	76.25%	80.84%	81.27%	83.47%	75.02%	70.78%
Operating Margin	28.14%	34.33%	31.27%	36.72%	35.38%	35.13%
Profit Margin	28.09%	35.75%	31.82%	34.03%	27.52%	24.28%
Free Cash Flow Margin	33.40%	40.00%	29.12%	35.28%	36.27%	14.60%
EBITDA	2,427	1,858	1,627	1,598	1,330	843.13
EBITDA Margin	28.53%	34.89%	31.78%	37.20%	35.69%	35.50%
D&A For EBITDA	32.86	30.04	26.29	20.52	11.68	8.76
EBIT	2,394	1,828	1,600	1,577	1,318	834.37
EBIT Margin	28.14%	34.33%	31.27%	36.72%	35.38%	35.13%
Effective Tax Rate	10.05%	3.96%	2.73%	6.87%	1.66%	9.80%
Revenue as Reported	8,508	5,325	5,118	4,295	3,726	2,375
Advertising Expenses	-	36.09	38.09	13.68	5.16	-