Qutoutiao Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017	2016
Revenue	4,340	5,285	5,570	3,022	517.05	57.95
Revenue Growth (YoY)	-17.89%	-5.11%	84.31%	484.49%	792.17%	-
Cost of Revenue	1,172	1,674	1,641	503.61	76.48	7.18
Gross Profit	3,168	3,611	3,929	2,519	440.57	50.78
Selling, General & Admin	3,916	3,774	5,757	4,231	520.67	59.06
Research & Development	551.61	947.87	926.23	270.11	15.32	2.63
Other Operating Expenses	-106.1	-79.3	-30.29	-0.72	0	0
Operating Expenses	4,361	4,643	6,653	4,500	535.99	61.69
Operating Income	-1,193.22	-1,032.17	-2,723.23	-1,981.61	-95.42	-10.91
Interest Expense / Income	32.3	27.72	26.88	0	0	0
Other Expense / Income	11.04	45.55	-66.27	-38.64	-0.66	-0.05
Pretax Income	-1,236.57	-1,105.45	-2,683.84	-1,942.97	-94.76	-10.86
Income Tax	3.05	-1.01	4.84	-0.4	0	0
Net Income	-1,239.62	-1,104.44	-2,688.68	-1,942.57	-94.76	-10.86
Preferred Dividends	108.9	33.44	20.55	86.37	6.01	0
Net Income Common	-1,348.51	-1,137.87	-2,709.23	-2,028.94	-100.77	-10.86
Shares Outstanding (Basic)	76	73	69	39	26	24
Shares Outstanding (Diluted)	-	73	69	39	26	24
Shares Change	4.83%	5.47%	78.54%	50.76%	6.15%	-
EPS (Basic)	-	-39.23	-98.53	-131.72	-9.88	-1.13
EPS (Diluted)	-	-39.23	-98.53	-131.72	-9.88	-1.13
Free Cash Flow	-	-872.99	-2,388.64	-449.51	127.68	12.57
Free Cash Flow Per Share	-	-30.10	-86.86	-29.18	12.50	1.31
Gross Margin	73.00%	68.32%	70.55%	83.34%	85.21%	87.61%
Operating Margin	-27.50%	-19.53%	-48.89%	-65.57%	-18.45%	-18.83%
Profit Margin	-31.07%	-21.53%	-48.64%	-67.14%	-19.49%	-18.74%
Free Cash Flow Margin	-	-16.52%	-42.88%	-14.87%	24.69%	21.68%
EBITDA	-	-1,011.35	-2,592.89	-1,937.08	-94.43	-10.84
EBITDA Margin	-	-19.14%	-46.55%	-64.10%	-18.26%	-18.71%
Depreciation & Amortization	-	66.37	64.07	5.89	0.33	0.02
EBIT	-1,204.26	-1,077.72	-2,656.96	-1,942.97	-94.76	-10.86
EBIT Margin	-27.75%	-20.39%	-47.70%	-64.29%	-18.33%	-18.74%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).