QTTOY — Qutoutiao Income Statement

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Annual income statement for Qutoutiao, fiscal year end - December 31st, CNY millions except per share, conversion factor applied.

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	20-F	20-F	20-F	20-F	20-F
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	5,570	5,285	4,340	1,083	746
Cost of Revenue
Gross Profit	3,929	3,611	3,168	520	330
Selling / General / Administrative Expenses
Research And Development
Depreciation and Amortization
Unusual Expense / Income
Total Operating Expenses	8,293	6,317	5,533	1,402	747
Operating Profit	-2,723	-1,032	-1,193	-318	-1.89
Total Net Non Operating Interest Income / Expense
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	-2,684	-1,106	-1,234	-914	-187
Provision for Income Taxes
Net Income After Taxes	-2,689	-1,105	-1,237	-913	-185
Minority Interest
Equity in Affiliates
Net Income Before Extraordinary Items
Net Income	-2,689	-1,104	-1,240	-915	-185
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	-2,709	-1,138	-1,349	-1,039	-329
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	-39.7	-16.4	-18.7	-14.1	-4.46