Cloud Music Inc.

9899.HK

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

1,034

Cost of Revenue

685

Gross Profit

349

Gross Margin

33.7%

Operating Income

152

Operating Margin

14.7%

Net Income

203

Net Margin

19.6%

EPS (Basic)

$1.00

EPS (Diluted)

$1.00

EBITDA

150

EBITDA Margin

14.5%

2023

12/31/2023

Revenue

1,023

Cost of Revenue

749

Gross Profit

273

Gross Margin

26.7%

Operating Income

Operating Margin

4.2%

Net Income

Net Margin

9.3%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

102

EBITDA Margin

10.0%

2022

12/31/2022

Revenue

1,169

Cost of Revenue

1,133

Gross Profit

168

Gross Margin

14.4%

Operating Income

-50

Operating Margin

-4.3%

Net Income

-29

Net Margin

-2.5%

EPS (Basic)

$0.00

EPS (Diluted)

$0.00

EBITDA

-46

EBITDA Margin

-4.0%

2021

12/31/2021

Revenue

910

Cost of Revenue

1,093

Gross Profit

Gross Margin

2.0%

Operating Income

-175

Operating Margin

-19.2%

Net Income

-267

Net Margin

-29.4%

EPS (Basic)

$-2.00

EPS (Diluted)

$-2.00

EBITDA

-174

EBITDA Margin

-19.1%

2020

12/31/2020

Revenue

636

Cost of Revenue

848

Gross Profit

-77

Gross Margin

-12.2%

Operating Income

-198

Operating Margin

-31.1%

Net Income

-384

Net Margin

-60.3%

EPS (Basic)

$-3.00

EPS (Diluted)

$-3.00

EBITDA

-195

EBITDA Margin

-30.7%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	1,034	1,023	1,169	910	636
Cost of Revenue	685	749	1,133	1,093	848
Gross Profit	349	273	168	19	-77
Gross Margin	33.7%	26.7%	14.4%	2.0%	-12.2%
Operating Income	152	43	-50	-175	-198
Operating Margin	14.7%	4.2%	-4.3%	-19.2%	-31.1%
Net Income	203	95	-29	-267	-384
Net Margin	19.6%	9.3%	-2.5%	-29.4%	-60.3%
EPS (Basic)	$1.00	$0.00	$0.00	$-2.00	$-3.00
EPS (Diluted)	$1.00	$0.00	$0.00	$-2.00	$-3.00
EBITDA	150	102	-46	-174	-195
EBITDA Margin	14.5%	10.0%	-4.0%	-19.1%	-30.7%