Qingdao Kutesmart 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	637.77	629.66	693.92	729.76	596.1	565.98
Other Revenue	26.6	26.6	14.65	17.17	20.28	26.97
Revenue	664.37	656.26	708.57	746.93	616.38	592.95
Revenue Growth	-4.05%	-7.38%	-5.14%	21.18%	3.95%	-5.25%
Cost of Revenue	372.81	371.38	455.45	440.6	372.24	381.77
Gross Profit	291.56	284.89	253.11	306.33	244.14	211.18
Selling, General & Admin	199.92	170.51	133.8	136.84	119.05	125.97
Research & Development	30.52	29.32	33.07	43.07	40.21	21.78
Other Operating Expenses	13.51	9.18	9.05	8.68	8.17	7.87
Operating Expenses	247.22	212.28	175.93	189.57	167.12	155.1
Operating Income	44.34	72.61	77.19	116.76	77.03	56.09
Interest Expense	-1.46	-1.46	-5.5	-11	-8.02	-1.75
Interest & Investment Income	8.51	8.37	116.64	23.37	14.87	10.73
Currency Exchange Gain (Loss)	-3.32	-3.32	2.99	0.15	0.52	-0.88
Other Non Operating Income (Expenses)	-0.79	-0.48	-3	-0.15	-0.4	-0.13
EBT Excluding Unusual Items	47.28	75.71	188.32	129.13	84	64.06
Gain (Loss) on Sale of Investments	2.57	-26.28	0.35	0.53	-0.51	2.4
Gain (Loss) on Sale of Assets	-0.36	-0.03	-48.45	-0.98	3.87	0.15
Asset Writedown	-3.49	-	0	-15.26	-2.66	-
Other Unusual Items	5.72	5.72	5.61	5.56	8.31	9.57
Pretax Income	51.72	55.12	145.82	118.97	93.01	76.18
Income Tax Expense	13.52	18.41	52.09	11.62	8.35	14.8
Earnings From Continuing Operations	38.2	36.71	93.73	107.35	84.66	61.38
Minority Interest in Earnings	0.75	0.46	-5.1	4.43	0.67	-
Net Income	38.95	37.17	88.63	111.78	85.33	61.38
Net Income to Common	38.95	37.17	88.63	111.78	85.33	61.38
Net Income Growth	34.04%	-58.06%	-20.71%	31.00%	39.01%	28.91%
Shares Outstanding (Basic)	256	248	240	238	237	236
Shares Outstanding (Diluted)	256	248	240	238	237	236
Shares Change	9.65%	3.45%	0.72%	0.34%	0.39%	14.03%
EPS (Basic)	0.15	0.15	0.37	0.47	0.36	0.26
EPS (Diluted)	0.15	0.15	0.37	0.47	0.36	0.26
EPS Growth	22.25%	-59.46%	-21.28%	30.56%	38.46%	13.04%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Free Cash Flow	113.45	-25.26	28.05	-11.86	84.98	43.15
Free Cash Flow Per Share	0.44	-0.10	0.12	-0.05	0.36	0.18
Dividend Per Share	0.100	0.100	0.100	0.050	0.036	0.032
Dividend Growth	0%	0%	100.00%	38.89%	12.50%	77.78%
Gross Margin	43.89%	43.41%	35.72%	41.01%	39.61%	35.62%
Operating Margin	6.67%	11.06%	10.89%	15.63%	12.50%	9.46%
Profit Margin	5.86%	5.66%	12.51%	14.96%	13.84%	10.35%
Free Cash Flow Margin	17.08%	-3.85%	3.96%	-1.59%	13.79%	7.28%
EBITDA	82.73	108.25	123.74	157.85	117.59	92.56
EBITDA Margin	12.45%	16.50%	17.46%	21.13%	19.08%	15.61%
D&A For EBITDA	38.4	35.64	46.56	41.1	40.57	36.48
EBIT	44.34	72.61	77.19	116.76	77.03	56.09
EBIT Margin	6.67%	11.06%	10.89%	15.63%	12.50%	9.46%
Effective Tax Rate	26.15%	33.40%	35.72%	9.77%	8.98%	19.43%
Revenue as Reported	656.26	656.26	708.57	746.93	616.38	592.95
Advertising Expenses	-	8.77	5.43	6.51	6.02	10.76