TCTM Kids IT Education Inc. (VSA)

TCTM Kids IT Education Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,171	1,375	1,400	1,236	1,898
Revenue Growth (YoY)	-14.86%	-1.76%	13.23%	-34.86%	-7.48%
Cost of Revenue	747.16	750.84	728.42	795.67	1,067
Gross Profit	423.7	624.35	671.43	440.6	831.04
Selling, General & Admin	588.94	599.25	677.53	796.94	1,537
Research & Development	19.1	11.65	20.25	40.31	100.47
Operating Expenses	608.04	610.9	697.78	837.25	1,637
Operating Income	-184.34	13.45	-26.35	-396.65	-806.38
Interest Expense	-0.47	-0.93	-2.81	-0.12	-0.2
Interest & Investment Income	0.39	2.02	4.77	2.73	-
Currency Exchange Gain (Loss)	-0.33	-0.9	-0.33	-0.27	-4.85
Other Non Operating Income (Expenses)	2.85	0.72	8.15	1.47	5.2
EBT Excluding Unusual Items	-181.9	14.36	-16.57	-392.84	-806.23
Impairment of Goodwill	-49.42	-	-	-	-
Asset Writedown	-272.62	-	-	-	-
Pretax Income	-503.94	14.36	-16.57	-392.84	-806.23
Income Tax Expense	33.86	-1.42	20.83	114.06	-35.03
Earnings From Continuing Operations	-537.8	15.79	-37.4	-506.89	-771.19
Earnings From Discontinued Operations	-49.31	-5.43	122.63	31.11	-
Net Income to Company	-587.1	10.35	85.23	-475.78	-771.19
Minority Interest in Earnings	0.56	-1.43	-1.71	1.23	4.55
Net Income	-586.54	8.93	83.52	-474.55	-766.64
Net Income to Common	-586.54	8.93	83.52	-474.55	-766.64
Net Income Growth	-	-89.31%	-	-	-
Shares Outstanding (Basic)	10	11	11	11	11
Shares Outstanding (Diluted)	10	11	12	11	11
Shares Change (YoY)	-9.59%	-4.15%	2.61%	3.53%	1.79%
EPS (Basic)	-58.62	0.83	7.64	-42.17	-70.54
EPS (Diluted)	-58.62	0.81	7.64	-42.17	-70.55
EPS Growth	-	-89.44%	-	-	-
Free Cash Flow	-187.01	-153.64	-56.93	-38.3	-188.24
Free Cash Flow Per Share	-18.69	-13.88	-4.93	-3.40	-17.32
Gross Margin	36.19%	45.40%	47.96%	35.64%	43.79%
Operating Margin	-15.74%	0.98%	-1.88%	-32.08%	-42.49%
Profit Margin	-50.09%	0.65%	5.97%	-38.39%	-40.39%
Free Cash Flow Margin	-15.97%	-11.17%	-4.07%	-3.10%	-9.92%
EBITDA	-143.23	60.33	41.35	-325.1	-628.9
EBITDA Margin	-12.23%	4.39%	2.95%	-26.30%	-33.14%
D&A For EBITDA	41.11	46.88	67.7	71.55	177.48
EBIT	-184.34	13.45	-26.35	-396.65	-806.38
EBIT Margin	-15.74%	0.98%	-1.88%	-32.08%	-42.49%
Advertising Expenses	40.67	43.48	42.02	77.95	297.48

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

SEC Filings: 10-K · 10-Q