Zhejiang Canaan Technology Limited (SHE:300412)

SHE:300412 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,337	1,362	1,036	1,092	1,054	998.66
Other Revenue	20.9	20.9	10.68	11.49	6.04	8.59
Revenue	1,358	1,383	1,047	1,103	1,060	1,007
Revenue Growth (YoY)	19.96%	32.09%	-5.11%	4.13%	5.20%	43.24%
Cost of Revenue	1,052	1,056	791.56	850.27	756.25	719.79
Gross Profit	306.29	326.96	255.54	253.16	303.36	287.45
Selling, General & Admin	186.44	188.21	197.96	185.92	153.49	140.7
Research & Development	74.37	80.76	83.77	80.2	66.98	49.71
Other Operating Expenses	2.52	3.64	1.77	3.41	2.29	1.79
Operating Expenses	266.46	285.76	291.96	289.84	234.95	209.09
Operating Income	39.82	41.2	-36.43	-36.68	68.42	78.37
Interest Expense	-16.4	-15.27	-6.81	-5.83	-5.62	-4.98
Interest & Investment Income	-	2.65	5.99	7.54	2.07	1.27
Currency Exchange Gain (Loss)	0.85	0.85	-0.48	-0.38	-0.2	0.11
Other Non Operating Income (Expenses)	3.74	0.38	0.81	-26.44	-3.25	-0.12
EBT Excluding Unusual Items	28.01	29.8	-36.92	-61.78	61.41	74.65
Impairment of Goodwill	-	-	-	-34.54	-25.36	-
Gain (Loss) on Sale of Investments	2.25	1.51	-	-	53.6	3.97
Gain (Loss) on Sale of Assets	-0.41	0.19	0.04	0.21	0.04	0.32
Asset Writedown	-2.13	-1.13	-0.75	-0	-0	-0.01
Other Unusual Items	6.71	5.35	13	8.88	11.51	9.9
Pretax Income	34.43	35.72	-24.63	-87.24	101.2	88.83
Income Tax Expense	1.66	5.29	3.32	-3.8	13.56	11.37
Earnings From Continuing Operations	32.77	30.42	-27.95	-83.44	87.64	77.46
Minority Interest in Earnings	-1.47	5.85	4.51	8.24	-13.95	-9.55
Net Income	31.29	36.27	-23.43	-75.2	73.7	67.91
Net Income to Common	31.29	36.27	-23.43	-75.2	73.7	67.91
Net Income Growth	-	-	-	-	8.53%	32.33%
Shares Outstanding (Basic)	520	518	469	501	461	444
Shares Outstanding (Diluted)	520	518	469	501	461	444
Shares Change (YoY)	3.45%	10.55%	-6.52%	8.84%	3.71%	1.78%
EPS (Basic)	0.06	0.07	-0.05	-0.15	0.16	0.15
EPS (Diluted)	0.06	0.07	-0.05	-0.15	0.16	0.15
EPS Growth	-	-	-	-	4.64%	30.02%
Free Cash Flow	178.67	65.05	-227.87	-97.08	-79.85	-26.03
Free Cash Flow Per Share	0.34	0.13	-0.49	-0.19	-0.17	-0.06
Dividend Per Share	0.060	0.060	-	-	0.035	0.094
Dividend Growth	-	-	-	-	-62.49%	-
Gross Margin	22.55%	23.64%	24.40%	22.94%	28.63%	28.54%
Operating Margin	2.93%	2.98%	-3.48%	-3.32%	6.46%	7.78%
Profit Margin	2.30%	2.62%	-2.24%	-6.82%	6.96%	6.74%
Free Cash Flow Margin	13.16%	4.70%	-21.76%	-8.80%	-7.54%	-2.58%
EBITDA	89.05	84.39	-1.28	-11.4	92.41	100.28
EBITDA Margin	6.56%	6.10%	-0.12%	-1.03%	8.72%	9.96%
D&A For EBITDA	49.23	43.19	35.15	25.28	24	21.91
EBIT	39.82	41.2	-36.43	-36.68	68.42	78.37
EBIT Margin	2.93%	2.98%	-3.48%	-3.32%	6.46%	7.78%
Effective Tax Rate	4.83%	14.82%	-	-	13.40%	12.80%
Revenue as Reported	1,358	1,383	1,047	1,103	1,060	1,007
Advertising Expenses	-	17.73	23.61	19.31	15.39	12.17

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