Adicon Holdings Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,119	3,298	4,861	3,380	2,742
Revenue Growth (YoY)	-23.15%	-32.15%	43.83%	23.26%	-
Cost of Revenue	1,859	1,880	2,966	1,937	1,625
Gross Profit	1,261	1,418	1,895	1,442	1,117
Selling, General & Admin	695.37	756.17	835.53	752.79	595.62
Research & Development	133.18	143.52	162.75	125.45	102.01
Other Operating Expenses	-2.75	13.82	6.22	5.06	4.59
Operating Expenses	825.81	913.51	1,004	883.3	702.21
Operating Income	435.05	504.62	890.25	559.09	414.45
Interest Expense	-67.87	-86.32	-63.37	-16.33	-19.64
Interest & Investment Income	24.76	20.16	8.87	6.29	3.77
Currency Exchange Gain (Loss)	-8.2	-8.2	-6.74	-0.05	1.43
Other Non Operating Income (Expenses)	-2.18	-30.74	4.83	-27.61	-9.96
EBT Excluding Unusual Items	381.56	399.53	833.84	521.39	390.03
Gain (Loss) on Sale of Investments	-57.86	-57.86	-111.65	-39.7	-32.56
Gain (Loss) on Sale of Assets	-3.77	-3.77	-1.75	-2.92	-1.73
Other Unusual Items	11.48	11.48	100.38	-61.53	2.44
Pretax Income	331.41	349.37	820.81	417.24	358.19
Income Tax Expense	85.86	87.05	135.93	94.95	68.73
Earnings From Continuing Operations	245.54	262.32	684.88	322.3	289.45
Minority Interest in Earnings	-20.88	-27.44	-4.09	-6.76	-5.33
Net Income	224.66	234.89	680.79	315.54	284.12
Net Income to Common	224.66	234.89	680.79	315.54	284.12
Net Income Growth	-45.49%	-65.50%	115.75%	11.06%	-
Shares Outstanding (Basic)	727	691	653	631	578
Shares Outstanding (Diluted)	727	717	706	631	587
Shares Change (YoY)	2.99%	1.48%	11.92%	7.53%	-
EPS (Basic)	0.31	0.34	1.04	0.50	0.49
EPS (Diluted)	0.31	0.31	0.96	0.50	0.48
EPS Growth	-51.02%	-67.53%	92.00%	4.17%	-
Free Cash Flow	80.45	228.29	664.64	409.26	375.91
Free Cash Flow Per Share	0.11	0.32	0.94	0.65	0.64
Gross Margin	40.42%	43.00%	38.98%	42.68%	40.73%
Operating Margin	13.95%	15.30%	18.32%	16.54%	15.12%
Profit Margin	7.20%	7.12%	14.01%	9.34%	10.36%
Free Cash Flow Margin	2.58%	6.92%	13.67%	12.11%	13.71%
EBITDA	549.26	611.22	1,022	645.04	479.35
EBITDA Margin	17.61%	18.53%	21.03%	19.09%	17.48%
D&A For EBITDA	114.21	106.6	132.03	85.95	64.91
EBIT	435.05	504.62	890.25	559.09	414.45
EBIT Margin	13.95%	15.30%	18.32%	16.54%	15.12%
Effective Tax Rate	25.91%	24.92%	16.56%	22.76%	19.19%

Source: S&P Capital IQ. Standard template. Financial Sources.