Canaan Inc. (CAN)

Canaan Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	191.34	211.48	651.53	772.76	64.91	206.28
Revenue Growth (YoY)	-63.21%	-67.54%	-15.69%	1090.43%	-68.53%	-47.41%
Cost of Revenue	421.9	452.26	421.24	331.01	59.44	281.1
Gross Profit	-230.56	-240.78	230.29	441.76	5.48	-74.82
Selling, General & Admin	84.85	79.42	97.72	106.61	21.98	53.58
Research & Development	61.13	64.85	81.76	52.17	20.31	24.5
Other Operating Expenses	16.72	25.83	7.88	0	0	0
Operating Expenses	162.7	170.1	187.35	158.78	42.29	78.09
Operating Income	-393.26	-410.88	42.94	282.97	-36.81	-152.91
Interest Expense / Income	0	0	0	0	0.52	2.91
Other Expense / Income	24.12	54.61	-45.4	-33.88	-6.14	-5.81
Pretax Income	-417.38	-465.49	88.33	316.85	-31.19	-150
Income Tax	-48.2	-51.34	18.45	7.77	0	0
Net Income	-369.18	-414.15	69.88	309.09	-31.19	-150
Net Income Growth	-	-	-77.39%	-	-	-
Shares Outstanding (Basic)	3,720	2,579	2,560	2,522	2,346	2,153
Shares Outstanding (Diluted)	3,720	2,579	2,578	2,576	2,346	2,153
Shares Change	48.63%	0.05%	0.07%	9.82%	8.94%	8.85%
EPS (Basic)	-2.05	-2.41	0.41	1.84	-0.20	-1.04
EPS (Diluted)	-2.05	-2.41	0.41	1.80	-0.20	-1.04
EPS Growth	-	-	-77.44%	-	-	-
Free Cash Flow	-	-124.64	-200.35	196.66	5.91	-41.82
Free Cash Flow Per Share	-	-0.72	-1.17	1.17	0.04	-0.29
Gross Margin	-120.50%	-113.86%	35.35%	57.17%	8.44%	-36.27%
Operating Margin	-205.53%	-194.29%	6.59%	36.62%	-56.71%	-74.13%
Profit Margin	-192.95%	-195.84%	10.73%	40.00%	-48.05%	-72.72%
Free Cash Flow Margin	-	-58.94%	-30.75%	25.45%	9.10%	-20.28%
Effective Tax Rate	-	-	20.89%	2.45%	-	-
EBITDA	-	-403.37	124.28	321.8	-24.19	-140.56
EBITDA Margin	-	-190.74%	19.07%	41.64%	-37.27%	-68.14%
Depreciation & Amortization	-	62.12	35.94	4.95	6.48	6.54
EBIT	-417.38	-465.49	88.33	316.85	-30.67	-147.1
EBIT Margin	-218.14%	-220.12%	13.56%	41.00%	-47.24%	-71.31%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).