36Kr Holdings 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
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
Revenue	221.84	231.07	340.19	322.5	316.78	386.76
Revenue Growth (YoY)	-26.71%	-32.07%	5.49%	1.80%	-18.09%	-41.01%
Cost of Revenue	104.28	118.73	158.17	137.85	128.84	253.39
Gross Profit	117.56	112.34	182.02	184.65	187.94	133.38
Selling, General & Admin	116.95	175.7	234.55	174.14	234.52	353.08
Research & Development	12.02	14.4	41.68	55.05	47.52	38.23
Operating Expenses	128.96	190.1	276.23	229.19	282.04	391.32
Operating Income	-11.4	-77.76	-94.22	-44.54	-94.11	-257.94
Interest & Investment Income	0.73	0.62	1.31	17.96	2.49	1.86
Earnings From Equity Investments	-3.49	-3.73	-0.52	0.05	-5.47	-23.5
Other Non Operating Income (Expenses)	0.53	2.07	8.85	11.5	6.59	13.38
EBT Excluding Unusual Items	-13.63	-78.8	-84.58	-15.02	-90.51	-266.2
Impairment of Goodwill	-	-	-	-	-	-1.4
Gain (Loss) on Sale of Investments	-37.23	-62.76	-8.08	-	-	-
Gain (Loss) on Sale of Assets	1.19	0.84	3.37	38.02	-	-
Asset Writedown	-	-	-	-	-	-7.99
Pretax Income	-49.67	-140.72	-89.29	23	-90.51	-275.58
Income Tax Expense	-0.01	0.06	-0.04	0.36	0.1	3.76
Earnings From Continuing Operations	-49.66	-140.79	-89.25	22.64	-90.61	-279.34
Minority Interest in Earnings	2.4	4.16	-0.73	-0.69	1.04	-0.89
Net Income	-47.26	-136.63	-89.98	21.94	-89.57	-280.23
Net Income to Common	-47.26	-136.63	-89.98	21.94	-89.57	-280.23
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	0.85%	1.08%	0.82%	0.92%	0.56%	176.87%
EPS (Basic)	-22.34	-64.79	-43.13	10.61	-43.69	-137.46
EPS (Diluted)	-22.60	-65.00	-43.13	10.50	-43.69	-137.50
Free Cash Flow	-	-33.43	-127.54	-6.05	193.21	-19.31
Free Cash Flow Per Share	-	-15.86	-61.14	-2.93	94.24	-9.47
Gross Margin	53.00%	48.62%	53.51%	57.26%	59.33%	34.49%
Operating Margin	-5.14%	-33.65%	-27.70%	-13.81%	-29.71%	-66.69%
Profit Margin	-21.30%	-59.13%	-26.45%	6.80%	-28.28%	-72.45%
Free Cash Flow Margin	-	-14.47%	-37.49%	-1.88%	60.99%	-4.99%
EBITDA	-8.55	-75.2	-92.22	-42.62	-91.45	-252.34
EBITDA Margin	-3.86%	-32.54%	-27.11%	-13.21%	-28.87%	-65.24%
D&A For EBITDA	2.85	2.56	2	1.92	2.66	5.6
EBIT	-11.4	-77.76	-94.22	-44.54	-94.11	-257.94
EBIT Margin	-5.14%	-33.65%	-27.70%	-13.81%	-29.71%	-66.69%
Effective Tax Rate	-	-	-	1.57%	-	-
Revenue as Reported	221.84	231.07	340.19	322.5	316.78	386.76
Advertising Expenses	-	2.34	4.9	4.8	7.27	6.34

Updated Sep 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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