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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	11,621	9,065	6,264	4,740	3,108	2,273
Other Revenue	-	-	-	-	-	0.15
Revenue	11,621	9,065	6,264	4,740	3,108	2,273
Revenue Growth (YoY)	50.34%	44.73%	32.15%	52.50%	36.72%	16.76%
Cost of Revenue	7,253	5,525	3,571	2,611	1,773	1,423
Gross Profit	4,368	3,540	2,692	2,129	1,335	850.22
Selling, General & Admin	959.7	960.65	709.32	644.64	498.67	389.67
Research & Development	2,235	1,355	775.98	585.36	387.5	330.72
Other Operating Expenses	-181.48	-125.23	-18.56	15.09	19.05	1.85
Operating Expenses	3,045	2,209	1,477	1,251	902.38	721.53
Operating Income	1,322	1,332	1,215	878.14	432.42	128.69
Interest Expense	-18.3	-15.42	-14.38	-4.69	-0.65	-0.26
Interest & Investment Income	236.22	193.29	904.28	220.25	219.72	36.79
Currency Exchange Gain (Loss)	2.16	2.16	-11.99	12.84	-2.62	1.17
Other Non Operating Income (Expenses)	-17.05	-6.8	-4.04	-3.62	-2.31	-3.27
EBT Excluding Unusual Items	1,525	1,505	2,089	1,103	646.55	163.12
Gain (Loss) on Sale of Investments	416.3	153.39	-203.19	63.17	293.7	246.5
Gain (Loss) on Sale of Assets	3.44	0.1	0.07	-4.78	0.13	-0.04
Other Unusual Items	50.35	50.35	124.8	97.23	192.27	103.1
Pretax Income	1,990	1,709	2,010	1,259	1,133	512.7
Income Tax Expense	106.7	94.62	226.4	90.65	121.55	20.39
Earnings From Continuing Operations	1,883	1,614	1,784	1,168	1,011	492.31
Minority Interest in Earnings	30.99	1.36	1.93	1.9	0.15	-0.11
Net Income	1,914	1,616	1,786	1,170	1,011	492.2
Net Income to Common	1,914	1,616	1,786	1,170	1,011	492.2
Net Income Growth	24.36%	-9.53%	52.67%	15.66%	105.49%	161.03%
Shares Outstanding (Basic)	625	619	618	616	575	535
Shares Outstanding (Diluted)	626	621	620	616	575	535
Shares Change (YoY)	0.26%	0.21%	0.72%	7.14%	7.42%	4.98%
EPS (Basic)	3.06	2.61	2.89	1.90	1.76	0.92
EPS (Diluted)	3.06	2.60	2.88	1.90	1.76	0.92
EPS Growth	24.04%	-9.72%	51.58%	7.95%	91.30%	148.65%
Free Cash Flow	887.07	-280.51	-2,215	-1,036	405.28	519.83
Free Cash Flow Per Share	1.42	-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	37.59%	39.06%	42.98%	44.92%	42.95%	37.40%
Operating Margin	11.38%	14.69%	19.39%	18.53%	13.91%	5.66%
Profit Margin	16.47%	17.82%	28.51%	24.68%	32.54%	21.65%
Free Cash Flow Margin	7.63%	-3.09%	-35.37%	-21.85%	13.04%	22.87%
EBITDA	1,400	1,445	1,376	996.21	526.8	206.63
EBITDA Margin	12.05%	15.95%	21.96%	21.02%	16.95%	9.09%
D&A For EBITDA	78.01	113.56	160.97	118.07	94.38	77.94
EBIT	1,322	1,332	1,215	878.14	432.42	128.69
EBIT Margin	11.38%	14.69%	19.39%	18.53%	13.91%	5.66%
Effective Tax Rate	5.36%	5.54%	11.26%	7.20%	10.73%	3.98%
Revenue as Reported	11,621	9,065	6,264	4,740	3,108	2,273

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