Adicon Holdings Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,719	2,914	3,298	4,861	3,380	2,742
Revenue Growth (YoY)	-12.84%	-11.63%	-32.15%	43.83%	23.26%	-
Cost of Revenue	1,730	1,818	1,880	2,966	1,937	1,625
Gross Profit	988.97	1,096	1,418	1,895	1,442	1,117
Selling, General & Admin	718.47	718.97	756.17	835.53	752.79	595.62
Research & Development	116.23	120.04	143.52	162.75	125.45	102.01
Other Operating Expenses	-36.51	12.32	13.82	6.22	5.06	4.59
Operating Expenses	798.19	851.32	913.51	1,004	883.3	702.21
Operating Income	190.77	245.01	504.62	890.25	559.09	414.45
Interest Expense	-46.93	-52.36	-86.32	-63.37	-16.33	-19.64
Interest & Investment Income	21.47	21.47	20.16	8.87	6.29	3.77
Currency Exchange Gain (Loss)	2.35	7.59	-8.2	-6.74	-0.05	1.43
Other Non Operating Income (Expenses)	-0.64	6.37	-52.01	4.83	-27.61	-9.96
EBT Excluding Unusual Items	167.02	228.08	378.25	833.84	521.39	390.03
Gain (Loss) on Sale of Investments	-139.78	-139.78	-57.86	-111.65	-39.7	-32.56
Gain (Loss) on Sale of Assets	-8.69	-7.92	-2.52	-1.75	-2.92	-1.73
Other Unusual Items	-14.85	11.57	31.5	100.38	-61.53	2.44
Pretax Income	3.7	91.96	349.37	820.81	417.24	358.19
Income Tax Expense	16.05	29.4	87.05	135.93	94.95	68.73
Earnings From Continuing Operations	-12.35	62.56	262.32	684.88	322.3	289.45
Minority Interest in Earnings	-14.95	-15.55	-27.44	-4.09	-6.76	-5.33
Net Income	-27.3	47.01	234.89	680.79	315.54	284.12
Net Income to Common	-27.3	47.01	234.89	680.79	315.54	284.12
Net Income Growth	-	-79.98%	-65.50%	115.76%	11.06%	-
Shares Outstanding (Basic)	713	721	691	653	631	578
Shares Outstanding (Diluted)	713	721	717	706	631	587
Shares Change (YoY)	-2.00%	0.66%	1.48%	11.92%	7.53%	-
EPS (Basic)	-0.04	0.07	0.34	1.04	0.50	0.49
EPS (Diluted)	-0.04	0.07	0.31	0.96	0.50	0.48
EPS Growth	-	-79.09%	-67.53%	92.00%	4.17%	-
Free Cash Flow	-	115.43	228.29	664.64	409.26	375.91
Free Cash Flow Per Share	-	0.16	0.32	0.94	0.65	0.64
Gross Margin	36.37%	37.62%	43.00%	38.98%	42.68%	40.73%
Operating Margin	7.02%	8.41%	15.30%	18.32%	16.54%	15.12%
Profit Margin	-1.00%	1.61%	7.12%	14.01%	9.34%	10.36%
Free Cash Flow Margin	-	3.96%	6.92%	13.67%	12.11%	13.71%
EBITDA	304.25	358.07	611.22	1,022	645.04	479.35
EBITDA Margin	11.19%	12.29%	18.53%	21.03%	19.09%	17.48%
D&A For EBITDA	113.48	113.06	106.6	132.03	85.95	64.91
EBIT	190.77	245.01	504.62	890.25	559.09	414.45
EBIT Margin	7.02%	8.41%	15.30%	18.32%	16.54%	15.12%
Effective Tax Rate	433.31%	31.97%	24.92%	16.56%	22.76%	19.19%

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