ACM Research (Shanghai), Inc. (SHA: 688082)

ACM Research (Shanghai) 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,509	3,715	2,756	1,547	975.33	743.41
Other Revenue	173.76	173.76	116.99	73.6	32.14	13.32
Revenue	4,682	3,888	2,873	1,621	1,007	756.73
Revenue Growth (YoY)	38.23%	35.34%	77.25%	60.88%	33.13%	37.52%
Cost of Revenue	2,275	1,872	1,485	931.75	569.96	415.95
Gross Profit	2,407	2,017	1,388	689.12	437.52	340.79
Selling, General & Admin	727.2	527.63	364.83	223.54	158.34	117.41
Research & Development	748.56	615.32	379.75	277.86	138.41	96.91
Other Operating Expenses	-4.27	4.84	3.35	0.81	0.84	0.65
Operating Expenses	1,523	1,194	768.93	512.67	296.42	217.18
Operating Income	883.86	822.5	619.31	176.44	141.09	123.6
Interest Expense	-20.78	-20.08	-12.01	-6.1	-6.3	-7.46
Interest & Investment Income	77.94	120.17	60.61	21.87	3.99	3.29
Currency Exchange Gain (Loss)	4.67	19	58.94	-4.52	-28.42	9.25
Other Non Operating Income (Expenses)	-1.78	-1.42	-1.72	-0.66	-0.06	-0.28
EBT Excluding Unusual Items	943.91	940.18	725.13	187.03	110.3	128.4
Gain (Loss) on Sale of Investments	-14.45	8.21	-30.17	3.92	86.72	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.06	-	-	-
Asset Writedown	-	-	-	-	-0.17	-2.03
Other Unusual Items	13.23	15.43	21.79	77.79	26.17	26.75
Pretax Income	942.68	963.81	716.7	268.74	223.02	153.12
Income Tax Expense	28.42	53.29	48.21	2.5	26.25	18.23
Net Income	914.26	910.52	668.49	266.25	196.77	134.89
Net Income to Common	914.26	910.52	668.49	266.25	196.77	134.89
Net Income Growth	4.93%	36.21%	151.08%	35.31%	45.88%	45.78%
Shares Outstanding (Basic)	435	436	434	392	394	375
Shares Outstanding (Diluted)	448	444	437	397	394	375
Shares Change (YoY)	2.67%	1.66%	9.95%	0.98%	5.03%	-
EPS (Basic)	2.10	2.09	1.54	0.68	0.50	0.36
EPS (Diluted)	2.04	2.05	1.53	0.67	0.50	0.36
EPS Growth	2.20%	33.99%	128.36%	34.00%	38.89%	-
Free Cash Flow	-300.28	-825.4	-954.29	-248.78	-443.69	62.54
Free Cash Flow Per Share	-0.67	-1.86	-2.18	-0.63	-1.13	0.17
Dividend Per Share	0.627	0.627	-	-	-	-
Gross Margin	51.41%	51.86%	48.32%	42.52%	43.43%	45.03%
Operating Margin	18.88%	21.15%	21.56%	10.89%	14.00%	16.33%
Profit Margin	19.53%	23.42%	23.27%	16.43%	19.53%	17.82%
Free Cash Flow Margin	-6.41%	-21.23%	-33.22%	-15.35%	-44.04%	8.26%
EBITDA	926.37	863.81	641.25	185.23	145.75	126.29
EBITDA Margin	19.78%	22.22%	22.32%	11.43%	14.47%	16.69%
D&A For EBITDA	42.51	41.31	21.94	8.78	4.66	2.69
EBIT	883.86	822.5	619.31	176.44	141.09	123.6
EBIT Margin	18.88%	21.15%	21.56%	10.89%	14.00%	16.33%
Effective Tax Rate	3.02%	5.53%	6.73%	0.93%	11.77%	11.91%
Revenue as Reported	4,682	3,888	2,873	1,621	1,007	756.73
Advertising Expenses	-	-	-	1.58	0.6	1.13

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