Canaan Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017
Revenue	211.48	651.53	772.76	64.91	206.28	392.27	189.67
Revenue Growth (YoY)	-67.54%	-15.69%	1090.43%	-68.53%	-47.41%	106.81%	-
Cost of Revenue	452.26	421.24	331.01	59.44	281.1	318.59	102.04
Gross Profit	-240.78	230.29	441.76	5.48	-74.82	73.68	87.64
Selling, General & Admin	79.42	97.72	106.61	21.98	53.58	26.89	21.17
Research & Development	64.85	81.76	52.17	20.31	24.5	27.5	14.47
Other Operating Expenses	25.83	7.88	0	0	0	0	0
Operating Expenses	170.1	187.35	158.78	42.29	78.09	54.39	35.63
Operating Income	-410.88	42.94	282.97	-36.81	-152.91	19.29	52
Interest Expense / Income	0	0	0	0.52	2.91	7.7	0
Other Expense / Income	54.61	-45.4	-33.88	-6.14	-5.81	-17.44	-6.14
Pretax Income	-465.49	88.33	316.85	-31.19	-150	29.04	58.14
Income Tax	-51.34	18.45	7.77	0	0	11.28	3.65
Net Income	-414.15	69.88	309.09	-31.19	-150	17.75	54.49
Net Income Growth	-	-77.39%	-	-	-	-67.42%	-
Shares Outstanding (Basic)	2,579	2,560	2,522	2,346	2,153	1,964	1,972
Shares Outstanding (Diluted)	2,579	2,578	2,576	2,346	2,153	1,978	1,972
Shares Change	0.05%	0.07%	9.82%	8.94%	8.85%	0.33%	-
EPS (Basic)	-2.41	0.41	1.84	-0.20	-1.04	0.14	0.41
EPS (Diluted)	-2.41	0.41	1.80	-0.20	-1.04	0.14	0.41
EPS Growth	-	-77.44%	-	-	-	-67.47%	-
Free Cash Flow	-124.64	-200.35	196.66	5.91	-41.82	-5.43	13.39
Free Cash Flow Per Share	-0.72	-1.17	1.17	0.04	-0.29	-0.04	0.10
Gross Margin	-113.86%	35.35%	57.17%	8.44%	-36.27%	18.78%	46.20%
Operating Margin	-194.29%	6.59%	36.62%	-56.71%	-74.13%	4.92%	27.42%
Profit Margin	-195.84%	10.73%	40.00%	-48.05%	-72.72%	4.53%	28.73%
Free Cash Flow Margin	-58.94%	-30.75%	25.45%	9.10%	-20.28%	-1.38%	7.06%
Effective Tax Rate	-	20.89%	2.45%	-	-	38.86%	6.27%
EBITDA	-403.37	124.28	321.8	-24.19	-140.56	38.64	59.46
EBITDA Margin	-190.74%	19.07%	41.64%	-37.27%	-68.14%	9.85%	31.35%
Depreciation & Amortization	62.12	35.94	4.95	6.48	6.54	1.91	1.32
EBIT	-465.49	88.33	316.85	-30.67	-147.1	36.73	58.14
EBIT Margin	-220.12%	13.56%	41.00%	-47.24%	-71.31%	9.36%	30.65%

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