TCTM Kids IT Education Inc. (TCTM)

TCTM Kids IT Education Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	1,375	1,400	1,236	1,898	2,051
Revenue Growth (YoY)	-1.76%	13.23%	-34.86%	-7.48%	-1.63%
Cost of Revenue	750.84	728.42	795.67	1,067	1,174
Gross Profit	624.35	671.43	440.6	831.04	877.52
Selling, General & Admin	599.25	677.53	796.94	1,537	1,843
Research & Development	11.65	20.25	40.31	100.47	132.67
Operating Expenses	610.9	697.78	837.25	1,637	1,976
Operating Income	13.45	-26.35	-396.65	-806.38	-1,098.16
Interest Expense / Income	0	0	0	0.2	-15.86
Other Expense / Income	5.95	-130.71	-36.16	-4.9	-4.65
Pretax Income	7.5	104.35	-360.49	-801.68	-1,077.65
Income Tax	-1.42	20.83	114.06	-35.03	-41.56
Net Income	8.93	83.52	-474.55	-766.64	-1,036.09
Net Income Growth	-89.31%	-	-	-	-
Shares Outstanding (Basic)	54	55	56	54	53
Shares Outstanding (Diluted)	55	58	58	54	53
Shares Change	-4.15%	0.17%	6.05%	1.79%	-2.81%
EPS (Basic)	-	-	-42.15	-70.55	-97.05
EPS (Diluted)	-	-	-42.15	-70.55	-97.05
Free Cash Flow	-153.19	-56.35	-37.35	-180.33	-182.86
Free Cash Flow Per Share	-14.22	-5.15	-3.32	-16.59	-17.13
Gross Margin	45.40%	47.96%	35.64%	43.79%	42.78%
Operating Margin	0.98%	-1.88%	-32.08%	-42.49%	-53.53%
Profit Margin	0.65%	5.97%	-38.39%	-40.39%	-50.51%
Free Cash Flow Margin	-11.14%	-4.03%	-3.02%	-9.50%	-8.91%
Effective Tax Rate	-18.97%	19.96%	-	-	-
EBITDA	175.68	308.93	-139.2	-453.98	-680.38
EBITDA Margin	12.78%	22.07%	-11.26%	-23.92%	-33.17%
Depreciation & Amortization	168.18	204.58	221.29	347.5	413.12
EBIT	7.5	104.35	-360.49	-801.48	-1,093.5
EBIT Margin	0.55%	7.45%	-29.16%	-42.23%	-53.31%

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