KUKE: Kuke Music Holding Ltd Financial Statements

Balance sheet, income statement, and cash flow statements for Kuke Music Holding Ltd (KUKE).

OverviewDividends

$13.13M Market Cap.

As of 05/15/2025 5:00 PM ET (MRY) • Disclaimer

KUKE Market Cap. (MRY)


KUKE Shares Outstanding (MRY)


KUKE Assets (MRY)


Total Assets

$261.30M

Total Liabilities

$223.50M

Total Investments

$0

KUKE Income (MRY)


Revenue

$68.92M

Net Income

-$64.94M

Operating Expense

$66.52M

KUKE Cash Flow (MRY)


CF Operations

-$18.08M

CF Investing

-$55.46M

CF Financing

$69.27M

KUKE Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$261,299,000 (5.15%)

$248,503,000 (0.71%)

$246,740,000 (-77.76%)

$1,109,299,000 (26.44%)

Assets Current

$70,355,000 (30.90%)

$53,746,000 (0.90%)

$53,269,000 (-74.91%)

$212,318,000 (-11.16%)

Assets Non-Current

$190,944,000 (-1.96%)

$194,757,000 (0.66%)

$193,471,000 (-78.43%)

$896,981,000 (40.51%)

Goodwill & Intangible Assets

$182,620,000 (9.98%)

$166,043,000 (147.91%)

$66,976,000 (-90.82%)

$729,525,000 (45.81%)

Shareholders Equity

$38,105,000 (75.24%)

$21,744,000 (-62.81%)

$58,460,000 (-93.76%)

$936,638,000 (42.76%)

Property Plant & Equipment Net

$4,657,000 (9.47%)

$4,254,000 (-73.84%)

$16,259,000 (-74.40%)

$63,503,000 (92.12%)

Cash & Equivalents

$2,568,000 (-66.09%)

$7,574,000 (39.61%)

$5,425,000 (-90.81%)

$59,045,000 (129.58%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$21,994,000 (17.68%)

$18,690,000 (-11.43%)

$21,103,000 (-11.60%)

$23,872,000 (-4.13%)

Total Investments

$0 (0%)

$2,370,000 (0%)

$0 (0%)

$1,355,000 (49.89%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$355,000 (68.25%)

Investments Non-Current

$0 (0%)

$2,370,000 (0%)

$0 (0%)

$1,000,000 (44.30%)

Inventory

$0 (0%)

$0 (0%)

$778,000 (-89.35%)

$7,307,000 (669.16%)

Trade & Non-Trade Receivables

$41,746,000 (80.35%)

$23,147,000 (98.58%)

$11,656,000 (-89.54%)

$111,410,000 (-39.28%)

Trade & Non-Trade Payables

$142,520,000 (4.97%)

$135,774,000 (57.90%)

$85,988,000 (-3.05%)

$88,692,000 (-6.08%)

Accumulated Retained Earnings (Deficit)

-

-

-

-

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$7,736,000 (-13.24%)

Tax Liabilities

$323,000 (-69.61%)

$1,063,000 (1.92%)

$1,043,000 (-73.48%)

$3,933,000 (-66.84%)

Total Debt

$58,661,000 (-15.50%)

$69,419,000 (-10.79%)

$77,818,000 (53.13%)

$50,818,000 (-34.42%)

Debt Current

$54,253,000 (-15.14%)

$63,932,000 (-12.62%)

$73,168,000 (66.37%)

$43,979,000 (-35.00%)

Debt Non-Current

$4,408,000 (-19.66%)

$5,487,000 (18.00%)

$4,650,000 (-32.01%)

$6,839,000 (-30.43%)

Total Liabilities

$223,498,000 (-0.64%)

$224,946,000 (20.97%)

$185,952,000 (10.92%)

$167,640,000 (-22.45%)

Liabilities Current

$209,850,000 (1.34%)

$207,083,000 (14.48%)

$180,887,000 (13.75%)

$159,018,000 (-22.17%)

Liabilities Non-Current

$13,648,000 (-23.60%)

$17,863,000 (252.68%)

$5,065,000 (-41.25%)

$8,622,000 (-27.33%)

KUKE Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$68,921,000 (-35.55%)

$106,937,000 (-7.10%)

$115,115,000 (-61.10%)

$295,897,000 (81.66%)

Cost of Revenue

$42,096,000 (-25.29%)

$56,346,000 (-42.39%)

$97,804,000 (-22.39%)

$126,026,000 (184.61%)

Selling General & Administrative Expense

$63,070,000 (-27.33%)

$86,790,000 (-14.12%)

$101,063,000 (-50.82%)

$205,500,000 (126.26%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$66,522,000 (-24.07%)

$87,608,000 (-14.72%)

$102,724,000 (-50.71%)

$208,404,000 (129.41%)

Interest Expense

$7,503,000 (6.77%)

$7,027,000 (44.95%)

$4,848,000 (-36.91%)

$7,684,000 (-23.96%)

Income Tax Expense

$0 (0%)

$6,000 (-99.91%)

$6,468,000 (524.93%)

$1,035,000 (-71.42%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$67,085,000 (-1.95%)

-$65,805,000 (92.66%)

-$896,907,000 (-1404.45%)

-$59,617,000 (-291.86%)

Net Income to Non-Controlling Interests

$2,142,000 (316.73%)

$514,000 (-80.91%)

$2,693,000 (5629.79%)

$47,000 (103.89%)

Net Income

-$64,943,000 (0.53%)

-$65,291,000 (92.70%)

-$894,214,000 (-1401.11%)

-$59,570,000 (-262.72%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$64,943,000 (0.53%)

-$65,291,000 (92.70%)

-$894,214,000 (-1401.11%)

-$59,570,000 (-262.72%)

Weighted Average Shares

$33,251,723 (10.59%)

$30,066,723 (1.69%)

$29,566,723 (0.00%)

$29,566,723 (0.00%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

-$57,440,000 (1.40%)

-$58,258,000 (93.40%)

-$882,898,000 (-1636.25%)

-$50,851,000 (-1786.16%)

Gross Profit

$26,825,000 (-46.98%)

$50,591,000 (192.25%)

$17,311,000 (-89.81%)

$169,871,000 (43.23%)

Operating Income

-$39,697,000 (-7.24%)

-$37,017,000 (56.66%)

-$85,413,000 (-121.66%)

-$38,533,000 (-238.83%)

KUKE Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$55,457,000 (-31409.66%)

-$176,000 (99.54%)

-$38,476,000 (86.79%)

-$291,205,000 (-140.00%)

Net Cash Flow from Financing

$69,272,000 (199.97%)

$23,093,000 (103.73%)

$11,335,000 (-95.64%)

$259,841,000 (165.80%)

Net Cash Flow from Operations

-$18,081,000 (12.85%)

-$20,748,000 (11.52%)

-$23,450,000 (-132.36%)

$72,472,000 (113.81%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$5,006,000 (-332.95%)

$2,149,000 (104.01%)

-$53,620,000 (-260.90%)

$33,326,000 (1130.20%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$2,535,000 (704.76%)

$315,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$261,000 (-87.41%)

$2,073,000 (-66.67%)

Capital Expenditure

$0 (0%)

$38,000 (-99.32%)

$5,592,000 (109.70%)

-$57,644,000 (-431.43%)

Issuance (Repayment) of Debt Securities

$15,699,000 (-32.02%)

$23,093,000 (119.79%)

$10,507,000 (133.00%)

-$31,843,000 (-414.65%)

Issuance (Purchase) of Equity Shares

$53,548,000 (0%)

$0 (0%)

$828,000 (-99.72%)

$291,684,000 (222.64%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$1,528,000 (-73.10%)

$5,680,000 (-62.65%)

$15,208,000 (-71.80%)

$53,933,000 (177.78%)

Depreciation Amortization & Accretion

$1,155,000 (-72.26%)

$4,164,000 (-77.37%)

$18,399,000 (23.92%)

$14,848,000 (120.39%)

KUKE Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

38.90% (-17.76%)

47.30% (215.33%)

15.00% (-73.87%)

57.40% (-21.15%)

Profit Margin

-94.20% (-54.17%)

-61.10% (92.13%)

-776.80% (-3764.68%)

-20.10% (-99.01%)

EBITDA Margin

-81.70% (-61.46%)

-50.60% (93.26%)

-751.00% (-6055.74%)

-12.20% (-588.00%)

Return on Average Equity (ROAE)

-217.00% (-33.29%)

-162.80% (9.40%)

-179.70% (-2707.81%)

-6.40% (-82.86%)

Return on Average Assets (ROAA)

-25.50% (3.41%)

-26.40% (79.98%)

-131.90% (-2388.68%)

-5.30% (-120.83%)

Return on Sales (ROS)

-83.30% (-52.84%)

-54.50% (92.89%)

-767.00% (-4359.30%)

-17.20% (-911.76%)

Return on Invested Capital (ROIC)

83.30% (106.07%)

-1372.10% (-120.52%)

-622.20% (-3538.60%)

-17.10% (-1215.38%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-1.76 (52.78%)

-3.72 (-2951.64%)

-0.12 (99.09%)

-13.43

Price to Sales Ratio (P/S)

1.39 (-32.21%)

2.05 (116.23%)

0.95 (-65.16%)

2.72

Price to Book Ratio (P/B)

2.52 (-75.07%)

10.09 (440.20%)

1.87 (116.96%)

0.86

Debt to Equity Ratio (D/E)

5.87 (-43.31%)

10.35 (225.21%)

3.18 (1677.09%)

0.18 (-45.59%)

Earnings Per Share (EPS)

-16.4 (16.33%)

-19.6 (93.51%)

-301.9 (-1387.19%)

-20.3 (-190.00%)

Sales Per Share (SPS)

2.84 (-43.40%)

5.02 (-10.20%)

5.59 (-64.28%)

15.64 (85.65%)

Free Cash Flow Per Share (FCFPS)

-5.44 (21.05%)

-6.89 (-14.04%)

-6.04 (-220.44%)

5.01 (-35.66%)

Book Value Per Share (BVPS)

11.46 (58.46%)

7.23 (-63.42%)

19.77 (-93.76%)

316.79 (42.76%)

Tangible Assets Book Value Per Share (TABVPS)

23.66 (-13.72%)

27.43 (-54.89%)

60.8 (-52.67%)

128.45 (0.73%)

Enterprise Value Over EBIT (EV/EBIT)

-2 (60.00%)

-5 (0%)

0 (0%)

-15

Enterprise Value Over EBITDA (EV/EBITDA)

-2.39 (52.19%)

-4.99 (-2541.80%)

-0.19 (99.11%)

-21.24

Asset Turnover

0.27 (-37.50%)

0.43 (154.12%)

0.17 (-35.61%)

0.26 (11.86%)

Current Ratio

0.34 (28.85%)

0.26 (-11.56%)

0.29 (-77.98%)

1.33 (14.10%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$18,081,000 (12.69%)

-$20,710,000 (-15.97%)

-$17,858,000 (-220.43%)

$14,828,000 (-35.66%)

Enterprise Value (EV)

$18,401,471 (-51.70%)

$38,097,890 (62.11%)

$23,501,657 (-80.33%)

$119,496,584

Earnings Before Tax (EBT)

-$64,943,000 (0.52%)

-$65,285,000 (92.65%)

-$887,746,000 (-1416.61%)

-$58,535,000 (-357.27%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$56,285,000 (-4.05%)

-$54,094,000 (93.74%)

-$864,499,000 (-2301.19%)

-$36,003,000 (-990.94%)

Invested Capital

-$75,078,000 (-19.59%)

-$62,778,000 (-188.08%)

$71,270,000 (-66.47%)

$212,529,000 (-5.32%)

Working Capital

-$139,495,000 (9.03%)

-$153,337,000 (-20.15%)

-$127,618,000 (-339.43%)

$53,300,000 (53.74%)

Tangible Asset Value

$78,679,000 (-4.59%)

$82,460,000 (-54.13%)

$179,764,000 (-52.67%)

$379,774,000 (0.73%)

Market Capitalization

$13,131,105 (-57.57%)

$30,947,678 (97.49%)

$15,670,363 (-87.56%)

$125,954,240

Average Equity

$29,924,500 (-25.38%)

$40,102,000 (-91.94%)

$497,549,000 (-46.34%)

$927,258,750 (98.39%)

Average Assets

$254,901,000 (2.94%)

$247,621,500 (-63.48%)

$678,019,500 (-39.40%)

$1,118,826,250 (62.03%)

Invested Capital Average

-$68,928,000 (-1723.36%)

$4,246,000 (-97.01%)

$141,899,500 (-52.37%)

$297,925,750 (39.59%)

Shares

33,251,723 (10.59%)

30,066,723 (1.69%)

29,566,723 (0.00%)

29,566,723 (0.00%)