SWX:KUDO Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2018 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2018 - 2020
Operating Revenue	796.91	742.59	905.07	1,009	801.96	552.63	Upgrade
Other Revenue	4.33	7.4	4.16	2.77	2.67	1.86	Upgrade
Revenue	801.24	750	909.23	1,012	804.63	554.49	Upgrade
Revenue Growth (YoY)	-0.15%	-17.51%	-10.13%	25.74%	45.11%	25.56%	Upgrade
Cost of Revenue	562.02	512.74	567.76	595.04	468	334.9	Upgrade
Gross Profit	239.22	237.26	341.47	416.68	336.63	219.59	Upgrade
Selling, General & Admin	96.53	96.91	100.14	114.97	104.85	77.83	Upgrade
Research & Development	79.26	81.39	78.09	77.85	58.56	40.31	Upgrade
Other Operating Expenses	-15.22	-9.33	0.47	-7.85	-3.77	3.51	Upgrade
Operating Expenses	185.79	188.58	207.45	197.44	172.52	130.64	Upgrade
Operating Income	53.43	48.68	134.02	219.24	164.11	88.95	Upgrade
Interest Expense	-0.19	-0.25	-0.38	-0.16	-	-	Upgrade
Interest & Investment Income	17.51	19.29	14.2	6.96	4.5	1.77	Upgrade
Currency Exchange Gain (Loss)	1.05	2.11	6.2	-0.62	0.15	-1.94	Upgrade
Other Non Operating Income (Expenses)	-4.79	-0.79	-0.18	-0.76	-0.52	0.01	Upgrade
EBT Excluding Unusual Items	67.01	69.04	153.86	224.66	168.23	88.79	Upgrade
Gain (Loss) on Sale of Investments	0.62	0.59	2.3	3.3	2.5	-1.1	Upgrade
Gain (Loss) on Sale of Assets	0.08	0.06	-0.05	0.09	0.25	-0.51	Upgrade
Asset Writedown	-3.44	-	-	-	-	-	Upgrade
Other Unusual Items	-0.75	3.89	12.96	7.02	9.06	11.62	Upgrade
Pretax Income	63.51	73.59	169.06	235.07	180.04	98.81	Upgrade
Income Tax Expense	7.41	4.32	17.64	21.75	19.16	10.99	Upgrade
Net Income	56.1	69.27	151.43	213.32	160.88	87.81	Upgrade
Net Income to Common	56.1	69.27	151.43	213.32	160.88	87.81	Upgrade
Net Income Growth	-46.52%	-54.25%	-29.01%	32.60%	83.21%	18.28%	Upgrade
Shares Outstanding (Basic)	324	301	291	283	248	211	Upgrade
Shares Outstanding (Diluted)	324	301	291	283	248	211	Upgrade
Shares Change (YoY)	8.84%	3.43%	2.90%	14.28%	17.25%	4.96%	Upgrade
EPS (Basic)	0.17	0.23	0.52	0.75	0.65	0.42	Upgrade
EPS (Diluted)	0.17	0.23	0.52	0.75	0.65	0.42	Upgrade
EPS Growth	-50.86%	-55.77%	-31.02%	16.02%	56.25%	12.68%	Upgrade
Free Cash Flow	24.3	15.34	-179.6	-27.84	29.72	57.58	Upgrade
Free Cash Flow Per Share	0.07	0.05	-0.62	-0.10	0.12	0.27	Upgrade
Dividend Per Share	0.100	0.100	0.192	0.229	0.156	-	Upgrade
Dividend Growth	-48.00%	-48.00%	-15.92%	46.70%	-	-	Upgrade
Gross Margin	29.86%	31.64%	37.56%	41.19%	41.84%	39.60%	Upgrade
Operating Margin	6.67%	6.49%	14.74%	21.67%	20.39%	16.04%	Upgrade
Profit Margin	7.00%	9.24%	16.65%	21.08%	19.99%	15.84%	Upgrade
Free Cash Flow Margin	3.03%	2.04%	-19.75%	-2.75%	3.69%	10.38%	Upgrade
EBITDA	81.44	72.71	153.89	230.6	170.28	94.1	Upgrade
EBITDA Margin	10.16%	9.70%	16.93%	22.79%	21.16%	16.97%	Upgrade
D&A For EBITDA	28.01	24.03	19.88	11.35	6.18	5.15	Upgrade
EBIT	53.43	48.68	134.02	219.24	164.11	88.95	Upgrade
EBIT Margin	6.67%	6.49%	14.74%	21.67%	20.39%	16.04%	Upgrade
Effective Tax Rate	11.67%	5.87%	10.43%	9.25%	10.64%	11.13%	Upgrade
Revenue as Reported	801.24	750	909.23	1,012	804.63	554.49	Upgrade
Advertising Expenses	-	4.22	4.39	1.15	4.18	1.94	Upgrade

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