Kingnet Network Co., Ltd. (SHE:002517)

Kingnet Network Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Operating Revenue	5,163	5,118	4,295	3,726	2,375	1,527
Other Revenue	0.02	0.02	-	-	-	16.44
Revenue	5,163	5,118	4,295	3,726	2,375	1,543
Revenue Growth (YoY)	11.09%	19.16%	15.30%	56.84%	53.92%	-24.24%
Cost of Revenue	945.86	958.38	710.01	930.76	694.05	428.57
Gross Profit	4,218	4,160	3,585	2,795	1,681	1,115
Selling, General & Admin	1,915	1,950	1,472	975.42	534.48	656.33
Research & Development	575.93	586.07	517.33	503.06	330.85	306.11
Other Operating Expenses	16.76	15.42	16.81	17.55	11.93	5.31
Operating Expenses	2,520	2,560	2,008	1,477	846.88	967.59
Operating Income	1,698	1,600	1,577	1,318	834.37	147.04
Interest Expense	-3.34	-2.55	-1.36	-2	-0.63	-
Interest & Investment Income	56.44	61.39	138.4	36.38	116.68	59.43
Currency Exchange Gain (Loss)	-0.37	-0.37	0.25	0.04	-0.38	-0.02
Other Non Operating Income (Expenses)	-2.16	-0	-35.11	4.26	-9.32	12.92
EBT Excluding Unusual Items	1,748	1,659	1,680	1,357	940.72	219.36
Impairment of Goodwill	-	-	-	-	-	-0.12
Gain (Loss) on Sale of Investments	-29.57	-29.34	-21.09	-50.32	-46.98	4.24
Gain (Loss) on Sale of Assets	0.77	0.77	0.55	-0.03	0.37	-3.18
Asset Writedown	-	-	-	0.03	-	0
Legal Settlements	-0.15	-0.15	-0.01	-	-	-
Other Unusual Items	42.77	43.28	38.18	78.04	42.08	33.27
Pretax Income	1,762	1,673	1,697	1,384	936.19	253.57
Income Tax Expense	42.95	45.68	116.63	22.94	91.75	11
Earnings From Continuing Operations	1,719	1,628	1,581	1,361	844.44	242.57
Minority Interest in Earnings	1.08	0.9	-118.9	-336.1	-267.71	-64.64
Net Income	1,720	1,628	1,462	1,025	576.73	177.93
Net Income to Common	1,720	1,628	1,462	1,025	576.73	177.93
Net Income Growth	7.65%	11.41%	42.57%	77.77%	224.14%	-
Shares Outstanding (Basic)	2,122	2,115	2,088	2,092	2,136	1,977
Shares Outstanding (Diluted)	2,122	2,115	2,118	2,092	2,136	1,977
Shares Change (YoY)	-0.55%	-0.17%	1.25%	-2.05%	8.05%	-8.17%
EPS (Basic)	0.81	0.77	0.70	0.49	0.27	0.09
EPS (Diluted)	0.81	0.77	0.69	0.49	0.27	0.09
EPS Growth	8.25%	11.59%	40.82%	81.48%	200.00%	-
Free Cash Flow	1,563	1,490	1,515	1,351	346.79	37.38
Free Cash Flow Per Share	0.74	0.70	0.71	0.65	0.16	0.02
Dividend Per Share	-	-	0.200	-	-	-
Gross Margin	81.68%	81.27%	83.47%	75.02%	70.78%	72.23%
Operating Margin	32.88%	31.27%	36.72%	35.38%	35.13%	9.53%
Profit Margin	33.32%	31.82%	34.03%	27.52%	24.28%	11.53%
Free Cash Flow Margin	30.28%	29.12%	35.28%	36.27%	14.60%	2.42%
EBITDA	1,716	1,619	1,598	1,330	843.13	158.9
EBITDA Margin	33.24%	31.63%	37.20%	35.69%	35.50%	10.30%
D&A For EBITDA	18.39	18.81	20.52	11.68	8.76	11.87
EBIT	1,698	1,600	1,577	1,318	834.37	147.04
EBIT Margin	32.88%	31.27%	36.72%	35.38%	35.13%	9.53%
Effective Tax Rate	2.44%	2.73%	6.87%	1.66%	9.80%	4.34%
Revenue as Reported	5,163	5,118	4,295	3,726	2,375	1,543
Advertising Expenses	-	38.09	13.68	5.16	-	-

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