Zangge Mining Company Limited / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€391.55M -37.8%	€310.75M -24.6%	79.4% +0.14 pp	€128.49M -67.9%	32.8% -0.31 pp
2023	€629.42M -36.2%	€411.91M -39.5%	65.4% -0.036 pp	€400.71M -40.2%	63.7% -0.042 pp
2022	€986.93M +126.2%	€681.12M +296.2%	69.0% +0.30 pp	€670.19M +165.3%	67.9% +0.10 pp
2021	€436.33M +90.3%	€171.92M +523.6%	39.4% +0.27 pp	€252.60M -2,331.4%	57.9% +0.63 pp
2020	€229.27M -5.7%	€27.57M -25.7%	12.0% -0.032 pp	-€11.32M -124.0%	-4.9% -0.24 pp
2019	€243.13M -24.7%	€37.13M -63.7%	15.3% -0.16 pp	€47.09M -66.6%	19.4% -0.24 pp
2018	€322.87M -15.5%	€102.40M -30.0%	31.7% -0.066 pp	€141.07M +797.6%	43.7% +0.40 pp
2017	€382.20M +21.9%	€146.27M +33.2%	38.3% +0.032 pp	€15.72M -84.3%	4.1% -0.28 pp
2016	€313.51M +2,070.8%	€109.82M -1,631.9%	35.0% +0.85 pp	€99.91M +6,386.9%	31.9% +0.21 pp
2015	€14.44M +111.7%	-€7.17M +7.7%	-49.6% +0.48 pp	€1.54M +1,266.9%	10.7% +0.090 pp
2014	€6.82M -70.6%	-€6.65M -409.7%	-97.5% -1.1 pp	€112.67K -126.7%	1.7% +0.035 pp
2013	€23.20M +479.2%	€2.15M +286.7%	9.3% -0.046 pp	-€421.54K -129.9%	-1.8% -0.37 pp
2012	€4.01M -84.8%	€555.51K -37.2%	13.9% +0.11 pp	€1.41M -486.0%	35.2% +0.37 pp
2011	€26.37M -1.9%	€885.11K -78.9%	3.4% -0.12 pp	-€365.47K -148.0%	-1.4% -0.042 pp
2010	€26.87M +56.9%	€4.19M -122.3%	15.6% +1.3 pp	€761.57K -36.5%	2.8% -0.042 pp
2009	€17.13M -84.2%	-€18.79M +50.1%	-109.7% -0.98 pp	€1.20M -91.3%	7.0% -0.057 pp
2008	€108.74M +34.4%	-€12.52M -2,841.2%	-11.5% -0.12 pp	€13.86M -154.0%	12.7% +0.44 pp
2007	€80.91M +347.8%	€456.75K -81.7%	0.6% -0.13 pp	-€25.65M -384.2%	-31.7% -0.82 pp
2006	€18.07M -29.5%	€2.49M -121.3%	13.8% +0.59 pp	€9.03M -153.0%	49.9% +1.2 pp
2005	€25.61M -0.7%	-€11.70M +177.8%	-45.7% -0.29 pp	-€17.03M +87.1%	-66.5% -0.31 pp
2004	€25.79M +4.7%	-€4.21M -432.1%	-16.3% -0.21 pp	-€9.10M -286.6%	-35.3% -0.55 pp
2003	€24.64M -45.9%	€1.27M +2.0%	5.1% +0.024 pp	€4.88M -52.8%	19.8% -0.029 pp
2002	€45.55M +14.9%	€1.24M -32.1%	2.7% -0.019 pp	€10.32M +14.5%	22.7% -0.00075 pp
2001	€39.63M -26.4%	€1.83M -23.4%	4.6% +0.0018 pp	€9.01M +461.9%	22.7% +0.20 pp
2000	€53.85M +45.5%	€2.39M -42.3%	4.4% -0.068 pp	€1.60M -77.4%	3.0% -0.16 pp
1999	€37.00M +19.9%	€4.14M +10.0%	11.2% -0.010 pp	€7.11M +44.1%	19.2% +0.032 pp
1998	€30.86M	€3.77M	12.2%	€4.94M	16.0%