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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,941	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	5,115	3,888	2,873	1,621	1,007	756.73
Revenue Growth (YoY)	40.35%	35.34%	77.25%	60.88%	33.13%	37.52%
Cost of Revenue	2,633	1,872	1,485	931.75	569.96	415.95
Gross Profit	2,482	2,017	1,388	689.12	437.52	340.79
Selling, General & Admin	687.59	527.63	364.83	223.54	158.34	117.41
Research & Development	757.37	615.32	379.75	277.86	138.41	96.91
Other Operating Expenses	19.68	4.84	3.35	0.81	0.84	0.65
Operating Expenses	1,526	1,194	768.93	512.67	296.42	217.18
Operating Income	956.31	822.5	619.31	176.44	141.09	123.6
Interest Expense	-23.67	-20.08	-12.01	-6.1	-6.3	-7.46
Interest & Investment Income	79.57	120.17	60.61	21.87	3.99	3.29
Currency Exchange Gain (Loss)	19	19	58.94	-4.52	-28.42	9.25
Other Non Operating Income (Expenses)	-48.55	-1.42	-1.72	-0.66	-0.06	-0.28
EBT Excluding Unusual Items	982.66	940.18	725.13	187.03	110.3	128.4
Gain (Loss) on Sale of Investments	1.72	8.21	-30.17	3.92	86.72	-
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.06	-	-	-
Asset Writedown	10.54	-	-	-	-0.17	-2.03
Other Unusual Items	33.37	15.43	21.79	77.79	26.17	26.75
Pretax Income	1,028	963.81	716.7	268.74	223.02	153.12
Income Tax Expense	32.18	53.29	48.21	2.5	26.25	18.23
Net Income	996.08	910.52	668.49	266.25	196.77	134.89
Net Income to Common	996.08	910.52	668.49	266.25	196.77	134.89
Net Income Growth	10.64%	36.21%	151.08%	35.31%	45.88%	45.78%
Shares Outstanding (Basic)	437	436	434	392	394	375
Shares Outstanding (Diluted)	445	444	437	397	394	375
Shares Change (YoY)	0.76%	1.66%	9.95%	0.98%	5.03%	-
EPS (Basic)	2.28	2.09	1.54	0.68	0.50	0.36
EPS (Diluted)	2.24	2.05	1.53	0.67	0.50	0.36
EPS Growth	9.81%	33.99%	128.36%	34.00%	38.89%	-
Free Cash Flow	-153.32	-825.4	-954.29	-248.78	-443.69	62.54
Free Cash Flow Per Share	-0.34	-1.86	-2.18	-0.63	-1.13	0.17
Dividend Per Share	0.627	0.627	-	-	-	-
Gross Margin	48.53%	51.86%	48.32%	42.52%	43.43%	45.03%
Operating Margin	18.70%	21.15%	21.56%	10.89%	14.00%	16.33%
Profit Margin	19.47%	23.42%	23.27%	16.43%	19.53%	17.82%
Free Cash Flow Margin	-3.00%	-21.23%	-33.22%	-15.35%	-44.04%	8.26%
EBITDA	1,012	863.81	641.25	185.23	145.75	126.29
EBITDA Margin	19.79%	22.22%	22.32%	11.43%	14.47%	16.69%
D&A For EBITDA	55.83	41.31	21.94	8.78	4.66	2.69
EBIT	956.31	822.5	619.31	176.44	141.09	123.6
EBIT Margin	18.70%	21.15%	21.56%	10.89%	14.00%	16.33%
Effective Tax Rate	3.13%	5.53%	6.73%	0.93%	11.77%	11.91%
Revenue as Reported	5,115	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.