Below are the financial statements of Kunlun Tech, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of CNY | 2024 | 2023 |
|---|---|---|
| Total operating revenue | 5,662,496.71a | 4,915,252.31a |
| Operating revenue | 5,662,496.71a | 4,915,237.18a |
| Interest income | 0a | 15.14a |
| Earned premiums | 0a | 0a |
| Fee and commission income | 0a | 0a |
| Total operating costs | -6,336,917.95a | -4,529,712.11a |
| Operating costs | -1,497,047.14a | -1,040,071.72a |
| Interest expense | 0a | 0a |
| Fee and commission expense | 0a | -0.67a |
| Surrender payments | 0a | 0a |
| Claims paid, net | 0a | 0a |
| Net change in insurance contract reserves | 0a | 0a |
| Policyholder dividend expense | 0a | 0a |
| Reinsurance expense | 0a | 0a |
| Taxes and surcharges | -4,040.57a | -6,399.98a |
| Selling expenses | -2,303,836.31a | -1,619,773.45a |
| Administrative expenses | -924,015.96a | -861,022.85a |
| Research and development expenses | -1,542,865.19a | -967,584.97a |
| Finance costs | -65,112.78a | -34,858.47a |
| Interest expense | -63,337.76a | -42,810.08a |
| Interest income | 27,265.73a | 30,629.25a |
| Other income | 11,537.79a | 20,989.1a |
| Investment income (loss) | 9,261.22a | 255,268.81a |
| Investment income from associates and joint ventures | 10,684.41a | 121,154.42a |
| Gains on derecognition of financial assets measured at amortized cost | 0a | 0a |
| Exchange gains (losses) | 0a | 0a |
| Net hedging gains (losses) | 0a | 0a |
| Fair value change gains (losses) | -824,683.19a | 1,283,424.61a |
| Credit impairment losses | -29,873.16a | -16,140.72a |
| Asset impairment losses | -320,973.35a | -4,801.59a |
| Gain (loss) on disposal of assets | 12,750.29a | 3,447.86a |
| Operating profit (loss) | -1,816,401.65a | 1,927,728.28a |
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