Zhejiang Canaan Technology Limited (SHE:300412)

United States Steel 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Operating Revenue	1,389	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	1,410	1,383	1,047	1,103	1,060	1,007
Revenue Growth (YoY)	32.27%	32.09%	-5.11%	4.13%	5.20%	43.24%
Cost of Revenue	1,079	1,056	791.56	850.27	756.25	719.79
Gross Profit	331.42	326.96	255.54	253.16	303.36	287.45
Selling, General & Admin	191.64	188.21	197.96	185.92	153.49	140.7
Research & Development	77.35	80.76	83.77	80.2	66.98	49.71
Other Operating Expenses	0.41	3.64	1.77	3.41	2.29	1.79
Operating Expenses	280.29	285.76	291.96	289.84	234.95	209.09
Operating Income	51.13	41.2	-36.43	-36.68	68.42	78.37
Interest Expense	-14.59	-15.27	-6.81	-5.83	-5.62	-4.98
Interest & Investment Income	2.75	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)	0.08	0.38	0.81	-26.44	-3.25	-0.12
EBT Excluding Unusual Items	40.22	29.8	-36.92	-61.78	61.41	74.65
Impairment of Goodwill	-	-	-	-34.54	-25.36	-
Gain (Loss) on Sale of Investments	2.08	1.51	-	-	53.6	3.97
Gain (Loss) on Sale of Assets	-0.03	0.19	0.04	0.21	0.04	0.32
Asset Writedown	-2.45	-1.13	-0.75	-0	-0	-0.01
Other Unusual Items	5.12	5.35	13	8.88	11.51	9.9
Pretax Income	44.93	35.72	-24.63	-87.24	101.2	88.83
Income Tax Expense	5.07	5.29	3.32	-3.8	13.56	11.37
Earnings From Continuing Operations	39.87	30.42	-27.95	-83.44	87.64	77.46
Minority Interest in Earnings	-2.55	5.85	4.51	8.24	-13.95	-9.55
Net Income	37.32	36.27	-23.43	-75.2	73.7	67.91
Net Income to Common	37.32	36.27	-23.43	-75.2	73.7	67.91
Net Income Growth	-	-	-	-	8.53%	32.33%
Shares Outstanding (Basic)	492	518	469	501	461	444
Shares Outstanding (Diluted)	492	518	469	501	461	444
Shares Change (YoY)	-4.61%	10.55%	-6.52%	8.84%	3.71%	1.78%
EPS (Basic)	0.08	0.07	-0.05	-0.15	0.16	0.15
EPS (Diluted)	0.08	0.07	-0.05	-0.15	0.16	0.15
EPS Growth	-	-	-	-	4.64%	30.02%
Free Cash Flow	93.97	65.05	-227.87	-97.08	-79.85	-26.03
Free Cash Flow Per Share	0.19	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	23.50%	23.64%	24.40%	22.94%	28.63%	28.54%
Operating Margin	3.63%	2.98%	-3.48%	-3.32%	6.46%	7.78%
Profit Margin	2.65%	2.62%	-2.24%	-6.82%	6.96%	6.74%
Free Cash Flow Margin	6.66%	4.70%	-21.76%	-8.80%	-7.54%	-2.58%
EBITDA	96.34	84.39	-1.28	-11.4	92.41	100.28
EBITDA Margin	6.83%	6.10%	-0.12%	-1.03%	8.72%	9.96%
D&A For EBITDA	45.2	43.19	35.15	25.28	24	21.91
EBIT	51.13	41.2	-36.43	-36.68	68.42	78.37
EBIT Margin	3.63%	2.98%	-3.48%	-3.32%	6.46%	7.78%
Effective Tax Rate	11.27%	14.82%	-	-	13.40%	12.80%
Revenue as Reported	1,410	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.