April 20 news- Kuke Music released the annual report of 2016. The revenue of the whole year was 76.1787 million Yuan with an 86.64% increase on a year-on-year basis; The net income attributed to shareholders of the listed company was up by 116.00% to 21.7775 million Yuan versus last year; The basic EPS was of 1.62 Yuan while the number a year before was 0.82 Yuan.
As of 2016, Kuke’s assets reached in total 106 million Yuan with an increase of 146.97% over that in 2015. The asset-liability ratio was 32.15%, down by 20.32 percentage points compared to the previous year’s 52.47%. Net cash flow from operating activities stayed 13.7085 million Yuan, given last year’s 4.5296 million Yuan.
During the reporting period, Kuke’s operating cost raised by 68.19% over the same period last year, mainly due to the 25% up of the copyright costs and relatively high hardware cost. The gross margin improved by 3.55%, for the essentially accelerating sales on Kukey electric piano in the parent company.
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