Adicon Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,914	3,298	4,861	3,380	2,742
Revenue Growth (YoY)	-11.63%	-32.15%	43.83%	23.26%	-
Cost of Revenue	1,818	1,880	2,966	1,937	1,625
Gross Profit	1,096	1,418	1,895	1,442	1,117
Selling, General & Admin	718.97	756.17	835.53	752.79	595.62
Research & Development	120.04	143.52	162.75	125.45	102.01
Other Operating Expenses	19.91	13.82	6.22	5.06	4.59
Operating Expenses	858.92	913.51	1,004	883.3	702.21
Operating Income	237.41	504.62	890.25	559.09	414.45
Interest Expense	-52.36	-86.32	-63.37	-16.33	-19.64
Interest & Investment Income	21.47	20.16	8.87	6.29	3.77
Currency Exchange Gain (Loss)	7.59	-8.2	-6.74	-0.05	1.43
Other Non Operating Income (Expenses)	27.79	-30.74	4.83	-27.61	-9.96
EBT Excluding Unusual Items	241.91	399.53	833.84	521.39	390.03
Gain (Loss) on Sale of Investments	-139.78	-57.86	-111.65	-39.7	-32.56
Gain (Loss) on Sale of Assets	-10.17	-3.77	-1.75	-2.92	-1.73
Other Unusual Items	-	11.48	100.38	-61.53	2.44
Pretax Income	91.96	349.37	820.81	417.24	358.19
Income Tax Expense	29.4	87.05	135.93	94.95	68.73
Earnings From Continuing Operations	62.56	262.32	684.88	322.3	289.45
Minority Interest in Earnings	-15.55	-27.44	-4.09	-6.76	-5.33
Net Income	47.01	234.89	680.79	315.54	284.12
Net Income to Common	47.01	234.89	680.79	315.54	284.12
Net Income Growth	-79.98%	-65.50%	115.76%	11.06%	-
Shares Outstanding (Basic)	721	691	653	631	578
Shares Outstanding (Diluted)	721	717	706	631	587
Shares Change (YoY)	0.66%	1.48%	11.92%	7.53%	-
EPS (Basic)	0.07	0.34	1.04	0.50	0.49
EPS (Diluted)	0.07	0.31	0.96	0.50	0.48
EPS Growth	-79.09%	-67.53%	92.00%	4.17%	-
Free Cash Flow	-	228.29	664.64	409.26	375.91
Free Cash Flow Per Share	-	0.32	0.94	0.65	0.64
Gross Margin	37.62%	43.00%	38.98%	42.68%	40.73%
Operating Margin	8.15%	15.30%	18.32%	16.54%	15.12%
Profit Margin	1.61%	7.12%	14.01%	9.34%	10.36%
Free Cash Flow Margin	-	6.92%	13.67%	12.11%	13.71%
EBITDA	344.01	611.22	1,022	645.04	479.35
EBITDA Margin	11.80%	18.53%	21.03%	19.09%	17.48%
D&A For EBITDA	106.6	106.6	132.03	85.95	64.91
EBIT	237.41	504.62	890.25	559.09	414.45
EBIT Margin	8.15%	15.30%	18.32%	16.54%	15.12%
Effective Tax Rate	31.97%	24.92%	16.56%	22.76%	19.19%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.