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

Qingdao Kutesmart Co.,Ltd. Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	714.53	729.76	596.1	565.98	600.74	509.84
Other Revenue	17.17	17.17	20.28	26.97	25.05	25.3
Revenue	731.7	746.93	616.38	592.95	625.79	535.14
Revenue Growth (YoY)	2.18%	21.18%	3.95%	-5.25%	16.94%	-9.39%
Cost of Revenue	436.18	440.6	372.24	381.77	445.94	323.96
Gross Profit	295.52	306.33	244.14	211.18	179.86	211.18
Selling, General & Admin	122.37	136.84	119.05	125.97	114.32	105.31
Research & Development	35.38	43.07	40.21	21.78	12.67	13.48
Other Operating Expenses	7.09	8.68	8.17	7.87	8.76	11.41
Operating Expenses	167.31	189.46	167.12	155.1	135.49	131.66
Operating Income	128.21	116.87	77.03	56.09	44.37	79.52
Interest Expense	-7.71	-11	-8.02	-1.75	-	-2.58
Interest & Investment Income	138.01	23.37	14.87	10.73	6.38	3.62
Currency Exchange Gain (Loss)	0.15	0.15	0.52	-0.88	-0.56	0.3
Other Non Operating Income (Expenses)	0.93	-0.27	-0.4	-0.13	0.19	-0.44
EBT Excluding Unusual Items	259.58	129.13	84	64.06	50.39	80.42
Gain (Loss) on Sale of Investments	1.03	0.53	-0.51	2.4	-	-
Gain (Loss) on Sale of Assets	-17.22	-0.1	3.87	0.15	-0.51	0
Asset Writedown	-21.98	-15.27	-2.66	-	-4.49	-0.18
Other Unusual Items	4.4	4.67	8.31	9.57	12.87	7.05
Pretax Income	225.83	118.97	93.01	76.18	58.25	87.3
Income Tax Expense	56.35	11.62	8.35	14.8	10.64	18.62
Earnings From Continuing Operations	169.48	107.35	84.66	61.38	47.62	68.67
Minority Interest in Earnings	3.85	4.43	0.67	-	-	-
Net Income	173.33	111.78	85.33	61.38	47.62	68.67
Net Income to Common	173.33	111.78	85.33	61.38	47.62	68.67
Net Income Growth	45.90%	31.00%	39.01%	28.91%	-30.66%	7.98%
Shares Outstanding (Basic)	238	238	237	236	207	181
Shares Outstanding (Diluted)	238	238	237	236	207	181
Shares Change (YoY)	0.35%	0.34%	0.39%	14.03%	14.56%	-0.54%
EPS (Basic)	0.73	0.47	0.36	0.26	0.23	0.38
EPS (Diluted)	0.73	0.47	0.36	0.26	0.23	0.38
EPS Growth	45.38%	30.56%	38.46%	13.04%	-39.47%	8.57%
Free Cash Flow	82.11	-11.86	84.98	43.15	-69.85	62.88
Free Cash Flow Per Share	0.35	-0.05	0.36	0.18	-0.34	0.35
Dividend Per Share	0.050	0.050	0.036	0.032	0.018	-
Dividend Growth	38.89%	38.89%	12.50%	77.78%	-	-
Gross Margin	40.39%	41.01%	39.61%	35.62%	28.74%	39.46%
Operating Margin	17.52%	15.65%	12.50%	9.46%	7.09%	14.86%
Profit Margin	23.69%	14.97%	13.84%	10.35%	7.61%	12.83%
Free Cash Flow Margin	11.22%	-1.59%	13.79%	7.28%	-11.16%	11.75%
EBITDA	162.17	153.66	117.59	92.56	81.63	114.58
EBITDA Margin	22.16%	20.57%	19.08%	15.61%	13.04%	21.41%
D&A For EBITDA	33.96	36.79	40.57	36.48	37.25	35.06
EBIT	128.21	116.87	77.03	56.09	44.37	79.52
EBIT Margin	17.52%	15.65%	12.50%	9.46%	7.09%	14.86%
Effective Tax Rate	24.95%	9.77%	8.98%	19.43%	18.26%	21.33%
Revenue as Reported	731.7	746.93	616.38	592.95	625.79	535.14
Advertising Expenses	-	6.51	6.02	10.76	8.39	2.99

Source: S&P Capital IQ. Standard template. Financial Sources.