Advanced Micro-Fabrication Equipment Inc. China (SHA: 688012)

Advanced Micro-Fabrication Equipment Inc. China Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	7,729	6,264	4,740	3,108	2,273	1,946
Other Revenue	-	-	-	-	0.15	0.75
Revenue	7,729	6,264	4,740	3,108	2,273	1,947
Revenue Growth (YoY)	34.71%	32.15%	52.50%	36.72%	16.76%	18.77%
Cost of Revenue	4,342	3,445	2,611	1,773	1,423	1,317
Gross Profit	3,387	2,818	2,129	1,335	850.22	630.38
Selling, General & Admin	1,019	835.4	644.64	498.67	389.67	305.81
Research & Development	1,188	775.98	585.36	387.5	330.72	233.73
Other Operating Expenses	-51.85	-18.56	15.09	19.05	1.85	-74.61
Operating Expenses	2,170	1,603	1,251	902.38	721.53	468.31
Operating Income	1,217	1,215	878.14	432.42	128.69	162.07
Interest Expense	-15.08	-14.38	-4.69	-0.65	-0.26	-0.8
Interest & Investment Income	205.06	904.28	220.25	219.72	36.79	15.72
Currency Exchange Gain (Loss)	-11.99	-11.99	12.84	-2.62	1.17	-10.25
Other Non Operating Income (Expenses)	-8.34	-4.17	-3.62	-2.31	-3.27	-1.27
EBT Excluding Unusual Items	1,387	2,089	1,103	646.55	163.12	165.48
Gain (Loss) on Sale of Investments	142.19	-203.19	63.17	293.7	246.5	7.74
Gain (Loss) on Sale of Assets	0.26	0.07	-4.78	0.13	-0.04	-2.23
Other Unusual Items	129.1	124.8	97.23	192.27	103.1	27.38
Pretax Income	1,653	2,010	1,259	1,133	512.7	198.38
Income Tax Expense	115.28	226.4	90.65	121.55	20.39	9.8
Earnings From Continuing Operations	1,537	1,784	1,168	1,011	492.31	188.58
Minority Interest in Earnings	1.58	1.93	1.9	0.15	-0.11	-0.02
Net Income	1,539	1,786	1,170	1,011	492.2	188.56
Net Income to Common	1,539	1,786	1,170	1,011	492.2	188.56
Net Income Growth	0.16%	52.67%	15.66%	105.49%	161.02%	107.51%
Shares Outstanding (Basic)	618	618	616	575	535	510
Shares Outstanding (Diluted)	624	620	616	575	535	510
Shares Change (YoY)	1.07%	0.72%	7.14%	7.42%	4.98%	12.17%
EPS (Basic)	2.49	2.89	1.90	1.76	0.92	0.37
EPS (Diluted)	2.47	2.88	1.90	1.76	0.92	0.37
EPS Growth	-0.90%	51.58%	7.95%	91.30%	148.65%	85.00%
Free Cash Flow	-1,043	-2,215	-1,036	405.28	519.83	88.36
Free Cash Flow Per Share	-1.67	-3.57	-1.68	0.71	0.97	0.17
Dividend Per Share	0.300	0.500	-	-	-	-
Gross Margin	43.82%	44.99%	44.92%	42.95%	37.40%	32.38%
Operating Margin	15.75%	19.40%	18.53%	13.91%	5.66%	8.32%
Profit Margin	19.91%	28.51%	24.68%	32.54%	21.65%	9.69%
Free Cash Flow Margin	-13.50%	-35.37%	-21.85%	13.04%	22.87%	4.54%
EBITDA	1,231	1,273	996.21	526.8	206.63	189.85
EBITDA Margin	15.92%	20.33%	21.02%	16.95%	9.09%	9.75%
D&A For EBITDA	13.45	58.29	118.07	94.38	77.94	27.78
EBIT	1,217	1,215	878.14	432.42	128.69	162.07
EBIT Margin	15.75%	19.40%	18.53%	13.91%	5.66%	8.32%
Effective Tax Rate	6.97%	11.26%	7.20%	10.73%	3.98%	4.94%
Revenue as Reported	7,729	6,264	4,740	3,108	2,273	1,947

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