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Founder Technology Group Co Ltd

SHSE:600601

China / Information Technology / Technology Hardware, Storage & Peripherals

Overview

5Y Historical Financials

Stock Price

5.22 CNY


Key Metrics	Latest
Total Revenue	3.322 B
Adjusted EBITDA	312.3 M
EBITDA Margin	9.4%
Net Profit Margin	6.2%
Total Assets	6.37 B
Total Debt	723.2 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	12 Months	Sep-23	Sep-24

Revenue	5,829.66	5,972.55	5,431.61	4,888.69	3,148.93	3,321.95	2,276.45	2,449.47
% Growth		0.02	(0.09)	(0.10)	(0.36)			0.08

Adjusted EBITDA	372.99	317.61	(61.43)	118.59	350.19	312.35	378.79	340.95
% Margin	0.06	0.05	(0.01)	0.02	0.11	0.09	0.17	0.14

Adjusted EBIT	(169.95)	100.07	(383.44)	(227.53)	156.90	233.67	119.20	195.98
% Margin	(0.03)	0.02	(0.07)	(0.05)	0.05	0.07	0.05	0.08

Adjusted Net Income	(662.42)	(399.13)	(803.66)	(165.72)	135.37	204.54	122.83	192.00
% Margin	(0.11)	(0.07)	(0.15)	(0.03)	0.04	0.06	0.05	0.08

Adjusted Basic EPS	(0.30)	(0.18)	(0.36)	(0.04)	0.03	0.05	0.03	0.05

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
CNY	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Sep-24	Sep-23	Sep-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	5,830	5,973	5,432	4,889	3,149	3,322	2,276	2,449
% Growth	NA	2.5%	-9.1%	-10.0%	-35.6%			7.6%

Cost of Revenue	(4,926)	(4,945)	(4,638)	(4,166)	(2,576)	(2,633)	(1,867)	(1,924)
Gross Profit	904	1,028	794	723	573	689	409	526
% Revenue	15.5%	17.2%	14.6%	14.8%	18.2%	20.7%	18.0%	21.5%

Research and Development	(277)	(307)	(289)	(281)	(179)	(181)	(129)	(131)
Selling and Marketing	(379)	(304)	(342)	(252)	(58)	(68)	(40)	(50)
General and Admin	(378)	(345)	(516)	(426)	(152)	(178)	(119)	(145)
Other Inc / (Exp)	(939)	(718)	(622)	(331)	(42)	(29)	7	20
Total Operating Exp	(1,974)	(1,673)	(1,770)	(1,290)	(430)	(456)	(281)	(306)

Operating Income	(1,070)	(645)	(976)	(568)	142	233	129	219
% Revenue	-18.4%	-10.8%	-18.0%	-11.6%	4.5%	7.0%	5.6%	8.9%

Interest Expense	(204)	(214)	(250)	141	4	7	3	6
Pre-tax Income	(1,274)	(859)	(1,227)	(427)	147	240	132	225
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(53)	(62)	13	1	(12)	(13)	(13)	(15)
Net Income to Company	(1,328)	(921)	(1,214)	(425)	135	226	119	210
% Margin	-22.8%	-15.4%	-22.3%	-8.7%	4.3%	6.8%	5.2%	8.6%

Minority Interest in Earnings	1	1	2	2	0	0	0	0
Net Income to Stockholders	(1,327)	(920)	(1,212)	(424)	135	226	119	210

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	(1,327)	(920)	(1,212)	(424)	135	226	119	210
% Margin	-22.8%	-15.4%	-22.3%	-8.7%	4.3%	6.8%	5.2%	8.6%

As Reported
Basic EPS (Continuing Ops)	(0.60)	(0.42)	(0.55)	(0.10)	0.03	0.05	0.03	0.05
Diluted EPS (Continuing Ops)	(0.60)	(0.42)	(0.55)	(0.10)	0.03	0.05	0.03	0.05

WA Basic Shares Out.	2,194.95	2,194.73	2,202.99	4,235.42	4,502.57	4,510.01	4,166.18	4,173.61
WA Diluted Shares Out.	2,194.95	2,194.73	2,202.99	4,235.42	4,502.57	4,510.01	4,166.18	4,173.61

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(1,274)	(859)	(1,227)	(427)	147	240	132	225
Addback: Net Interest Expense	204	214	250	(141)	(4)	(7)	(3)	(6)
Addback: Other Non Operating Expenses, Total	1	40	39	(11)	14	30	(15)	1
Addback: Depreciation & Amortization	543	218	322	346	193	79	260	145
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	3	0	0	81	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	(1)	14	12	0	5	(2)	6	(2)
Addback: Gain (Loss) On Sale Of Assets	0	1	(4)	(0)	(2)	(27)	(4)	(30)
Addback: Asset Writedown	816	663	532	129	30	32	4	7
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	(0)	0	0	0	0	0	0
Addback: Legal Settlements	101	24	(0)	139	3	3	0	0
Addback: Other Unusual Items	(20)	2	14	3	(36)	(36)	0	0
Adjusted EBITDA	373	318	(61)	119	350	312	379	341
% Margin	6.4%	5.3%	-1.1%	2.4%	11.1%	9.4%	16.6%	13.9%

Adjusted EBIT	(170)	100	(383)	(228)	157	234	119	196
% Margin	-2.9%	1.7%	-7.1%	-4.7%	5.0%	7.0%	5.2%	8.0%

Adjusted Net Income Reconciliation
Net Income to Company	(1,328)	(921)	(1,214)	(425)	135	226	119	210
Addback: Unusual Items	899	705	554	351	0	(29)	6	(24)
Less: Tax Benefit of Unusual Items (26%)	(234)	(183)	(144)	(91)	(0)	8	(1)	6
Adjusted Net Income	(662)	(399)	(804)	(166)	135	205	123	192
% Margin	-11.4%	-6.7%	-14.8%	-3.4%	4.3%	6.2%	5.4%	7.8%

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Founder Technology Group Co Ltd

SHSE:600601

China / Information Technology / Technology Hardware, Storage & Peripherals

5Y Historical Financials