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

SHA:688012 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	10,578	9,065	6,264	4,740	3,108	2,273
Other Revenue	-	-	-	-	-	0.15
Revenue	10,578	9,065	6,264	4,740	3,108	2,273
Revenue Growth (YoY)	47.23%	44.73%	32.15%	52.50%	36.72%	16.76%
Cost of Revenue	6,526	5,525	3,571	2,611	1,773	1,423
Gross Profit	4,052	3,540	2,692	2,129	1,335	850.22
Selling, General & Admin	958.04	960.65	709.32	644.64	498.67	389.67
Research & Development	1,873	1,355	775.98	585.36	387.5	330.72
Other Operating Expenses	-143.15	-125.23	-18.56	15.09	19.05	1.85
Operating Expenses	2,718	2,209	1,477	1,251	902.38	721.53
Operating Income	1,335	1,332	1,215	878.14	432.42	128.69
Interest Expense	-17.73	-15.42	-14.38	-4.69	-0.65	-0.26
Interest & Investment Income	185.73	193.29	904.28	220.25	219.72	36.79
Currency Exchange Gain (Loss)	-13.22	2.16	-11.99	12.84	-2.62	1.17
Other Non Operating Income (Expenses)	-10.53	-6.8	-4.04	-3.62	-2.31	-3.27
EBT Excluding Unusual Items	1,479	1,505	2,089	1,103	646.55	163.12
Gain (Loss) on Sale of Investments	340.82	153.39	-203.19	63.17	293.7	246.5
Gain (Loss) on Sale of Assets	3.56	0.1	0.07	-4.78	0.13	-0.04
Other Unusual Items	71.76	50.35	124.8	97.23	192.27	103.1
Pretax Income	1,895	1,709	2,010	1,259	1,133	512.7
Income Tax Expense	111.05	94.62	226.4	90.65	121.55	20.39
Earnings From Continuing Operations	1,784	1,614	1,784	1,168	1,011	492.31
Minority Interest in Earnings	20.72	1.36	1.93	1.9	0.15	-0.11
Net Income	1,805	1,616	1,786	1,170	1,011	492.2
Net Income to Common	1,805	1,616	1,786	1,170	1,011	492.2
Net Income Growth	38.88%	-9.53%	52.67%	15.66%	105.49%	161.03%
Shares Outstanding (Basic)	624	619	618	616	575	535
Shares Outstanding (Diluted)	625	621	620	616	575	535
Shares Change (YoY)	0.56%	0.21%	0.72%	7.14%	7.42%	4.98%
EPS (Basic)	2.89	2.61	2.89	1.90	1.76	0.92
EPS (Diluted)	2.89	2.60	2.88	1.90	1.76	0.92
EPS Growth	38.10%	-9.72%	51.58%	7.95%	91.30%	148.65%
Free Cash Flow	-366.93	-280.51	-2,215	-1,036	405.28	519.83
Free Cash Flow Per Share	-0.59	-0.45	-3.57	-1.68	0.70	0.97
Dividend Per Share	0.300	0.300	0.500	-	-	-
Dividend Growth	-	-40.00%	-	-	-	-
Gross Margin	38.31%	39.06%	42.98%	44.92%	42.95%	37.40%
Operating Margin	12.62%	14.69%	19.39%	18.53%	13.91%	5.66%
Profit Margin	17.06%	17.82%	28.51%	24.68%	32.54%	21.65%
Free Cash Flow Margin	-3.47%	-3.09%	-35.37%	-21.85%	13.04%	22.87%
EBITDA	1,447	1,445	1,376	996.21	526.8	206.63
EBITDA Margin	13.68%	15.95%	21.96%	21.02%	16.95%	9.09%
D&A For EBITDA	111.71	113.56	160.97	118.07	94.38	77.94
EBIT	1,335	1,332	1,215	878.14	432.42	128.69
EBIT Margin	12.62%	14.69%	19.39%	18.53%	13.91%	5.66%
Effective Tax Rate	5.86%	5.54%	11.26%	7.20%	10.73%	3.98%
Revenue as Reported	10,578	9,065	6,264	4,740	3,108	2,273

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