Qingdao Kutesmart Co.,Ltd. (SHE:300840)

Qingdao Kutesmart 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	672.29	693.92	729.76	596.1	565.98	600.74
Other Revenue	20.14	14.65	17.17	20.28	26.97	25.05
Revenue	692.43	708.57	746.93	616.38	592.95	625.79
Revenue Growth (YoY)	-5.71%	-5.14%	21.18%	3.95%	-5.25%	16.94%
Cost of Revenue	431.5	455.45	440.6	372.24	381.77	445.94
Gross Profit	260.93	253.11	306.33	244.14	211.18	179.86
Selling, General & Admin	143.13	133.8	136.84	119.05	125.97	114.32
Research & Development	31.73	33.07	43.07	40.21	21.78	12.67
Other Operating Expenses	12.51	9.05	8.68	8.17	7.87	8.76
Operating Expenses	192.72	178.78	189.57	167.12	155.1	135.49
Operating Income	68.21	74.34	116.76	77.03	56.09	44.37
Interest Expense	-2.68	-5.5	-11	-8.02	-1.75	-
Interest & Investment Income	35.97	116.64	23.37	14.87	10.73	6.38
Currency Exchange Gain (Loss)	1.59	2.99	0.15	0.52	-0.88	-0.56
Other Non Operating Income (Expenses)	-0.3	-0.16	-0.15	-0.4	-0.13	0.19
EBT Excluding Unusual Items	102.8	188.32	129.13	84	64.06	50.39
Gain (Loss) on Sale of Investments	-28.98	0.35	0.53	-0.51	2.4	-
Gain (Loss) on Sale of Assets	-29.85	-48.45	-0.98	3.87	0.15	-0.51
Asset Writedown	0	0	-15.26	-2.66	-	-4.49
Other Unusual Items	9.87	5.61	5.56	8.31	9.57	12.87
Pretax Income	53.83	145.82	118.97	93.01	76.18	58.25
Income Tax Expense	17.83	52.09	11.62	8.35	14.8	10.64
Earnings From Continuing Operations	36	93.73	107.35	84.66	61.38	47.62
Minority Interest in Earnings	-6.95	-5.1	4.43	0.67	-	-
Net Income	29.06	88.63	111.78	85.33	61.38	47.62
Net Income to Common	29.06	88.63	111.78	85.33	61.38	47.62
Net Income Growth	-77.04%	-20.71%	31.00%	39.01%	28.91%	-30.66%
Shares Outstanding (Basic)	233	240	238	237	236	207
Shares Outstanding (Diluted)	233	240	238	237	236	207
Shares Change (YoY)	-2.03%	0.72%	0.34%	0.39%	14.03%	14.56%
EPS (Basic)	0.12	0.37	0.47	0.36	0.26	0.23
EPS (Diluted)	0.12	0.37	0.47	0.36	0.26	0.23
EPS Growth	-76.56%	-21.28%	30.56%	38.46%	13.04%	-39.47%
Free Cash Flow	-114.99	28.05	-11.86	84.98	43.15	-69.85
Free Cash Flow Per Share	-0.49	0.12	-0.05	0.36	0.18	-0.34
Dividend Per Share	0.100	0.100	0.050	0.036	0.032	0.018
Dividend Growth	100.00%	100.00%	38.89%	12.50%	77.78%	-
Gross Margin	37.68%	35.72%	41.01%	39.61%	35.62%	28.74%
Operating Margin	9.85%	10.49%	15.63%	12.50%	9.46%	7.09%
Profit Margin	4.20%	12.51%	14.96%	13.84%	10.35%	7.61%
Free Cash Flow Margin	-16.61%	3.96%	-1.59%	13.79%	7.28%	-11.16%
EBITDA	104.66	114.34	157.85	117.59	92.56	81.63
EBITDA Margin	15.12%	16.14%	21.13%	19.08%	15.61%	13.04%
D&A For EBITDA	36.45	40.01	41.1	40.57	36.48	37.25
EBIT	68.21	74.34	116.76	77.03	56.09	44.37
EBIT Margin	9.85%	10.49%	15.63%	12.50%	9.46%	7.09%
Effective Tax Rate	33.12%	35.72%	9.77%	8.98%	19.43%	18.26%
Revenue as Reported	692.43	708.57	746.93	616.38	592.95	625.79
Advertising Expenses	-	5.43	6.51	6.02	10.76	8.39

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