China Reform Culture Holdings Co., Ltd. / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€33.67M -26.3%	-€48.63M +142.0%	-144.4% -1.0 pp	€8.76M +29.9%	26.0% +0.11 pp
2023	€45.67M -18.1%	-€20.09M -225.8%	-44.0% -0.73 pp	€6.74M -46.0%	14.8% -0.076 pp
2022	€55.76M +5.5%	€15.97M -131.4%	28.6% +1.2 pp	€12.49M +19.6%	22.4% +0.027 pp
2021	€52.88M -36.5%	-€50.91M -375.1%	-96.3% -1.2 pp	€10.44M -64.7%	19.7% -0.16 pp
2020	€83.22M -44.0%	€18.51M +30.2%	22.2% +0.13 pp	€29.58M +9.6%	35.5% +0.17 pp
2019	€148.52M -25.0%	€14.21M -78.0%	9.6% -0.23 pp	€26.99M +133.4%	18.2% +0.12 pp
2018	€197.94M -68.3%	€64.62M +249.3%	32.6% +0.30 pp	€11.56M -84.8%	5.8% -0.063 pp
2017	€623.87M +10.7%	€18.50M -150.5%	3.0% +0.095 pp	€75.92M -21.5%	12.2% -0.050 pp
2016	€563.63M +32.6%	-€36.63M -1.0%	-6.5% +0.022 pp	€96.73M +342.4%	17.2% +0.12 pp
2015	€424.91M -9.4%	-€37.01M -4,909.4%	-8.7% -0.089 pp	€21.86M -24.9%	5.1% -0.011 pp
2014	€468.78M +19.9%	€769.44K -90.8%	0.2% -0.020 pp	€29.10M -49.9%	6.2% -0.086 pp
2013	€391.06M -0.1%	€8.38M -49.5%	2.1% -0.021 pp	€58.06M +1.5%	14.8% +0.0023 pp
2012	€391.25M -28.7%	€16.60M -80.9%	4.2% -0.12 pp	€57.19M -67.3%	14.6% -0.17 pp
2011	€548.56M +48.9%	€87.03M +1,490.6%	15.9% +0.14 pp	€174.99M +165.1%	31.9% +0.14 pp
2010	€368.32M +47.3%	€5.47M +143.7%	1.5% +0.0059 pp	€66.02M +106.0%	17.9% +0.051 pp
2009	€250.13M -21.6%	€2.25M -127.1%	0.9% +0.035 pp	€32.05M -48.9%	12.8% -0.069 pp
2008	€318.85M +9.5%	-€8.28M -183.0%	-2.6% -0.060 pp	€62.74M -8.2%	19.7% -0.038 pp
2007	€291.23M +9.0%	€9.98M -23.7%	3.4% -0.015 pp	€68.32M +4.5%	23.5% -0.010 pp
2006	€267.24M +11.8%	€13.08M -3.2%	4.9% -0.0076 pp	€65.40M +16.1%	24.5% +0.0090 pp
2005	€239.03M +9.9%	€13.52M +21.6%	5.7% +0.0054 pp	€56.35M +67.2%	23.6% +0.081 pp
2004	€217.42M +66.2%	€11.12M +91.9%	5.1% +0.0069 pp	€33.70M -23.5%	15.5% -0.18 pp
2003	€130.86M +32.7%	€5.80M -15.5%	4.4% -0.025 pp	€44.05M +14.3%	33.7% -0.054 pp
2002	€98.58M +46.9%	€6.86M +17.9%	7.0% -0.017 pp	€38.55M +191.2%	39.1% +0.19 pp
2001	€67.12M +15.5%	€5.82M +17.0%	8.7% +0.0012 pp	€13.23M +76.0%	19.7% +0.068 pp
2000	€58.13M +20.9%	€4.97M +78.1%	8.5% +0.027 pp	€7.52M +6.8%	12.9% -0.017 pp
1999	€48.08M +38.1%	€2.79M +15.2%	5.8% -0.012 pp	€7.04M -1,067.5%	14.6% +0.17 pp
1998	€34.81M	€2.42M	7.0%	-€727.73K	-2.1%