Financials Canaan Inc.

Equities

Real-time Estimate Cboe BZX Other stock markets 11:49:38 2025-06-12 am EDT			5-day change	1st Jan Change
0.7670 ^USD	+5.36%		+31.58%	-62.93%

Jun. 10	Asian Equities Traded in the US as American Depositary Receipts Advance in Tuesday Trading	MT
Jun. 10	Canaan Inc. Reports Unaudited Production Results for the Month Ending May 31, 2025	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	4,379	1,522	1,955	3,978	6,177
Change	-	-	-65.24%	28.43%	103.51%	55.27%
EBITDA ¹	-	531.1	-	-518.9	-587	871
Change	-	-	-	-	-13.1%	248.4%
EBIT ¹	-	557.8	-2,957	-1,649	-386.5	721.7
Change	-	-	-630.15%	44.25%	76.55%	286.71%
Interest Paid ¹	-	-	-	-3.784	-5.579	-4.46
Earnings before Tax (EBT) ¹	-	810.5	-3,350	-1,250	-323	827.9
Change	-	-	-513.36%	62.68%	74.17%	356.37%
Net income ¹	2,000	658.2	-2,981	-1,813	-550.7	772
Change	-	-67.09%	-552.84%	39.18%	69.62%	240.2%
Announcement Date	3/3/22	3/7/23	2/27/24	3/26/25	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	1,356	1,653	978.2	391.9	390.3	537.8	237.7	353.2	253.3	512.9	532.9	644.3	597.1	660.1	1,107	1,672	1,496	1,709	1,778	1,814
Change	-	21.87%	-40.81%	-59.93%	-0.43%	37.81%	-55.8%	48.58%	-28.27%	102.44%	3.9%	20.92%	-7.32%	10.55%	67.77%	50.98%	-10.53%	14.23%	4.02%	2.03%
EBITDA ¹	-	-	-	-	-	-	-	-	-	-	-247.2	139.9	-275.1	-96.74	-105.4	-109	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	156.58%	-296.68%	64.83%	-8.95%	-3.42%	-	-	-	-
EBIT ¹	578.3	659.3	-40.84	-624.4	-605.3	-867.3	-805.1	-671.3	-491.3	-332.6	-411.5	-403.9	-271.4	-225.3	-101.1	205.3	137.3	267.2	317.8	332.2
Change	-	14.01%	-106.2%	-1,428.71%	3.06%	-43.29%	7.17%	16.62%	26.82%	32.3%	-23.73%	1.86%	32.79%	17.02%	55.13%	303.1%	-33.1%	94.56%	18.94%	4.54%
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	-	-1.888	-2.534	-2.166	-2.166	-2.166	-	-	-	-
Earnings before Tax (EBT) ¹	582.4	776.6	58.03	-587.4	-	-845.6	-717.4	-1,167	-	-	-595.7	-55.17	-618.4	-173.3	-9.4	355.5	138.1	268.3	315.3	333.7
Change	-	33.34%	-92.53%	-1,112.16%	-	-	15.17%	-62.65%	-	-	-	90.74%	-1,020.86%	71.97%	94.58%	3,882.33%	-61.17%	94.33%	17.51%	5.84%
Net income ¹	441.6	608.9	61.08	-438.3	-596.1	-805.9	-571.5	-1,001	-	-	-547.1	-674.3	-623.5	-189.4	-74.84	224	130.8	264.7	311.7	326.5
Change	-	37.89%	-89.97%	-817.66%	-36%	-35.19%	29.09%	-75.07%	-	-	-	-23.25%	7.54%	69.62%	60.48%	399.36%	-41.61%	102.31%	17.75%	4.75%
Announcement Date	5/19/22	8/18/22	11/14/22	3/7/23	5/26/23	8/29/23	11/28/23	2/27/24	5/17/24	8/15/24	11/20/24	3/26/25	5/20/25	-	-	-	-	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	3/3/22	3/7/23	2/27/24	3/26/25	-	-

Estimates

Fiscal Period: December	2022	2024	2025	2026
CAPEX ¹	95.13	140.9	115.9	115.9
Change	-	-	-17.75%	0%
Free Cash Flow (FCF) ¹	-1,792	-1,596	347.7	717.2
Change	-	-	121.79%	106.25%
Announcement Date	3/7/23	3/26/25	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	12.13%	-	-26.55%	-14.75%	14.1%
EBIT Margin (%)	-	12.74%	-194.29%	-84.33%	-9.72%	11.68%
EBT Margin (%)	-	18.51%	-220.12%	-63.96%	-8.12%	13.4%
Net margin (%)	-	15.03%	-195.84%	-92.73%	-13.84%	12.5%
FCF margin (%)	-	-40.92%	-	-81.62%	8.74%	11.61%
FCF / Net Income (%)	-	-272.21%	-	88.01%	-63.14%	92.89%
Profitability
ROA	-	12.54%	-	-52.23%	-4.8%	12.4%
ROE	-	16.74%	-	-81.29%	-7.7%	18.6%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	2.17%	-	7.21%	2.91%	1.88%
CAPEX / EBITDA (%)	-	17.91%	-	-27.15%	-19.75%	13.31%
CAPEX / FCF (%)	-	-5.31%	-	-8.83%	33.33%	16.16%
Items per share
Cash flow per share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
EPS ¹	0.782	0.2553	-17.35	-6.678	-1.184	2.226
Change	-	-67.35%	-6,894.25%	61.5%	82.27%	287.93%
Nbr of stocks (in thousands)	170,748	169,701	171,046	317,253	460,361	460,361
Announcement Date	3/3/22	3/7/23	2/27/24	3/26/25	-	-