Masterwork Group Co.,Ltd. (SHE:300195)

Masterwork Group 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,608	1,610	1,505	1,264	1,434	1,163
Other Revenue	32.05	32.05	98.83	48.41	33.58	60.32
Revenue	1,640	1,642	1,604	1,312	1,467	1,223
Revenue Growth (YoY)	2.47%	2.37%	22.25%	-10.57%	19.93%	-11.68%
Cost of Revenue	1,156	1,154	1,102	923.78	939.1	768.54
Gross Profit	483.86	488.53	502.2	388.36	528.19	454.96
Selling, General & Admin	307.7	307.43	298.31	284.77	293.03	307.34
Research & Development	63.69	65.82	67.38	71.49	69.27	79.56
Other Operating Expenses	12.81	11.47	14.03	24.03	26.7	26.86
Operating Expenses	397.9	393.57	385.22	381.69	390.01	422.46
Operating Income	85.96	94.96	116.98	6.67	138.18	32.5
Interest Expense	-70.96	-71.4	-94.09	-94.32	-101.87	-104.04
Interest & Investment Income	11.59	15.81	5.9	21.25	3.96	11.24
Currency Exchange Gain (Loss)	-10.99	-10.99	-10.24	-13.83	1.93	3.71
Other Non Operating Income (Expenses)	1.47	-7.67	-0.42	-19.93	-11.48	-24.61
EBT Excluding Unusual Items	17.07	20.71	18.13	-100.16	30.71	-81.21
Impairment of Goodwill	-	-	-	-	-	-3.74
Gain (Loss) on Sale of Investments	-2.26	-6.44	-8.69	-0.12	2.4	-36.32
Gain (Loss) on Sale of Assets	0.66	0.21	0.41	4.44	11.67	1.4
Asset Writedown	-1.27	-1.04	-0.26	-4.51	-4.25	-0.41
Other Unusual Items	8.5	8.5	37.97	26.92	10.88	35.3
Pretax Income	22.7	21.94	47.56	-73.14	51.42	-84.77
Income Tax Expense	14.82	15.82	8.5	-2.53	12.07	-0.2
Earnings From Continuing Operations	7.87	6.12	39.05	-70.62	39.34	-84.57
Minority Interest in Earnings	6.53	6.49	1.65	3.15	-4.84	-11.91
Net Income	14.41	12.61	40.71	-67.46	34.5	-96.49
Net Income to Common	14.41	12.61	40.71	-67.46	34.5	-96.49
Net Income Growth	-60.80%	-69.03%	-	-	-	-
Shares Outstanding (Basic)	460	423	373	373	431	420
Shares Outstanding (Diluted)	460	423	373	373	431	420
Shares Change (YoY)	28.17%	13.39%	-0.06%	-13.42%	2.79%	-0.84%
EPS (Basic)	0.03	0.03	0.11	-0.18	0.08	-0.23
EPS (Diluted)	0.03	0.03	0.11	-0.18	0.08	-0.23
EPS Growth	-69.42%	-72.69%	-	-	-	-
Free Cash Flow	42.36	41.67	1.42	-49.31	16.63	-57.95
Free Cash Flow Per Share	0.09	0.10	0.00	-0.13	0.04	-0.14
Gross Margin	29.51%	29.75%	31.31%	29.60%	36.00%	37.19%
Operating Margin	5.24%	5.78%	7.29%	0.51%	9.42%	2.66%
Profit Margin	0.88%	0.77%	2.54%	-5.14%	2.35%	-7.89%
Free Cash Flow Margin	2.58%	2.54%	0.09%	-3.76%	1.13%	-4.74%
EBITDA	193.14	205.34	240.14	121.09	252.69	144.49
EBITDA Margin	11.78%	12.50%	14.97%	9.23%	17.22%	11.81%
D&A For EBITDA	107.18	110.38	123.16	114.42	114.51	112
EBIT	85.96	94.96	116.98	6.67	138.18	32.5
EBIT Margin	5.24%	5.78%	7.29%	0.51%	9.42%	2.66%
Effective Tax Rate	65.32%	72.11%	17.88%	-	23.48%	-
Revenue as Reported	1,640	1,642	1,604	1,312	1,467	1,223
Advertising Expenses	-	1.59	0.78	0.96	1.07	1.14

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.