??��????-???

??��???�?

?????�??|?�??????????2018�'??1'???????-??o|�'??????????

2018�'??1'???�?��???????????????�?1'??????�?????

2018?1'2???26??????????o?

�|???1???

2018 �'??1'???????-??o|??????�?????????????o12.1?o?????????????�??14%??????????????????�??10% ⁽²⁾???????????-??1??o5.25%???
?????????�????�???�???????????GAAP???�?????????????�??|???????-??o|????o????3.20?o???????????????????�??0.99??????????-�GAAP�???????-????????????????????�?�????????�?�??5.33?o??????????�?????�?1??????�??�??�????????????�??????1�???3?????????3⁽⁴⁾
???�????????�????�???�???????????Non-GAAP???�?????????????�??|2018�'??1'???????-??o|????????????2.16?o???????????????????�??0.66?????? ⁽¹⁾???�??�?????�??0.56?????????????????-??10.10?????????�??????1'?????????�??25%
�??�??2018�'??1'????o??-??o|??????�????????????�???�12.0?o???????�?312.2?o????????1?�?'??????�????????�????�???�????????�????????�??�??????o??-??o|???�?????????�???�0.61??????�?30.63???????1?�?' ⁽³⁾
2018 �'??1'???�??�???????�??|??????�??????????????�??????????-??1?�????4.25%????????�5.5% ⁽²⁾??????�????????�????�???�????????�????????�??�??2018�'??1'?????�??|??????????????-??1?�???????�??2.53??????????????�2.65?????? ⁽³⁾
�??�???????�??|2018�'??1'???�????�??��??????�????9.70?o??????????�????�10.50?o???????

?????�??|?�????2018�'??1'???????-??o|�'??????????

2018?1'2???26??????????o?a??a???????�??|?�?????????????NYSE???A????????????????o???a?-???�2018?1'1???31????????????�'??-?�'???????????????????????�o???2018�'??1'???????-??o|??????�?????????????o12.1?o??????????�??????1'?????????�??14%?????????�??????????????�??10% ⁽²⁾??????

?????????�????�???�????????�????????�???????????????�??????1�???3?????????3???5.33?o???????????�?�????????????-??o|????o????3.20?o???????????????????�??????o????0.99??????????????????�????�???�????????�????????????1'???????????????1.68?o???????????????????�????????0.52?????????

???????-??o|????????�??|?��???????�???1???�?????5.33?o????????�????????�?�???????????�???o�???�????o2500???????????????�??�??????????????500????????????�??????????o500?????????????1?�'-?????'????????o300???????????????????????o300???????????????�?�???�?�???�?1???2800?????????????�?�???????o????????�??|???????-??o|??????�???'??????�????????�????�???�????????�???????????????????o2.16?o???????????????????�??0.66?????? ⁽¹⁾???

?????�??|???�?????�|???-??��?????Mike McMullen�?�?�o???a??????????�???�'??1'??????�?�?o?�????????????????????????????�??|???????o??�????�????????????�?????�'????|????????????????????o?�?????????????????a??

???�?????�?????a???�??????a?????????????�???�??-�????|?o??????????????????-???�??????????????�??�?????????�????????????????????????�??��????|????????o???????�????????????o�????????�??�???????�?????????�??�??1???????????�2???????????????????�??????a??????�?????�????????�???????????a??

???????-??o|????????�??|???????�??-|????o???�?????o�????????LSAG???�?????????????o6.18?o???????????1'?????????�??14%?????????�??????????????�??11% ⁽²⁾??????????????�?????????�|????????????o?????�??o??2???�?????LSAG�???-??o|???�??????????|?????o25.8%???

???????-??o|????????�??|CrossLab�????????ACG???�?????????????o4.08?o???????????1'?????????�??12%?????????�??????????????�??9% ⁽²⁾??????????????????�???????????????????o??2???�?????ACG�???-??o|???�??????????|?????o21.6%???

???????-??o|????????�??|�????-?????o???�????????DGG???�?????????????o1.85?o???????????1'?????????�?? 13%?????????�??????????????�??8%???????????-??1???????o�????????'�??�????-??????�??�?????�???????o???�???�?�?�??�???????????�???DGG�???-??o|???�??????????|?????o11.7%???

�??�???????�??|2018�'??1'????o??-??o|�????????????�???�12.0?o???????�?312.2?o????????1?�?'??????�????????�????�???�???????????non-GAAP???�????????�??�????????2018�'??1'????o??-??o|????????????�????�???�??0.61??????�?30.63?????? ⁽³⁾???

??'??a2018�'??1'???�??�???????�??|???�????????????�???�48.85?o???????�?349.05?o????????1?�?'??????�????????�????�???�???????????non-GAAP???�????????�??�??????????o???�??2.62??????�?32.68?????? ⁽³⁾???�???o?�???????o?o?2018?1'1???31???????�????????????o???

??3?o??????�??|?�??????????

?????�??|?�??????????????o??o|�???o�??????A?????????????�??-|???�????-????o???�????-|?????o�??????????�???�?????�??????????? 50 ?�??1'??????�???'????????????�????????�??|?????a??�???�?????????????????�???3??1????????????�???�???o?????�?????�????????�???�??�??????????'???�??????-???????2017 �'??1'????????�??|�?????????????o 44.7 ?o????????????�???????�???�?o|??o 13,800 ?oo????|?�???o?�??????�??|?????????�?|????????????�?��??�?? www.aozhou2n.com???

????????��??�?�

?????��???�??????? 1934 ?1'???�??????o�????3??????-????1????????????��??�?�????1?????????-�????????????�???�?????o|??????????????��??�?�????????????�???o??????3?o??????�??|??a???????????????????????????�?????????????????�?????????�?o�???????????o�??????????a?????1?????�??|?o�???????????????�???�?????????�??????????????? 2018 �'??1'????o??-??o|?????'??a�'??1'????????????�????????�????�???�???????????non-GAAP???�?�????????????�???o?????????��??�?�??????�??�??????????????????'???????�?????�?'?????�??|???????????????????�???????�??????o�??????�'�??�?�???????�???o?�??�??????????????????'?????????????�???o?????????�??????????????????�??�???????????????1??????????????�?o�????????????????????????�???�???????�??�????????????????????????o??????�??�??????????????????�???�'-?1�??3?-?????????o??????????????????�???????�??�?o???'??????�??????'???�?????|??????�?????�????????�??�??????-�?�?????????�??|??�???�????1�?????�????'?????????�??�???????????�?o????o|�???????a????????�??????�????????�????�????????�?????????�???o|??????�???????????�????????????�??????????????????????�???'??��???o??????????????????-?????????�?????????????-???????o?????????�??????????????????????????????????????a??|??????�??�??????|????�??????????3?????????????o�????????????????o????????????????�?????�??????????�???????2???1�????????????????�?????�???????????????????????�??|???�??�??????????o?????????�???????|????????�?????????�??�???o�?????????�???o?�???�??????????�?????????????????????o?�??�???o?�???�??????????�??????????�?-??????????�?'???????-?????????�????????��???????�????????????????????�??o??�?o�??????�?????????????�??|????????'???�??????1?�'-????????????�?????????????�??|????????|?????1????�?????3?�????�???????????????????�??|???�??????o�????�???????????o�??????????????????????????a?-???� 2017 ?1' 10 ??? 31 ??? ???�'??1'?????? Form 10-K�?�????-??o|???????????-�?|�?�?????????�??�?????????????��??�?�?????1????????�??|???????�???????�???????�?????????????????????????�?????????�???????o???????????�??|???�'?�'?????????'??�????????1??????????????��??�?�???

⁽¹⁾ ???�????????�????�???�???????????non-GAAP???�?????????????????????????????�???????????�|????�?�?o?�????��????????�???o�???�?????�??????'???�????1?�'-?????'???????????????�??�????????????????????�??�???3??1???�?��?�???a??NASDa?????????????o??????????????�????????????�?????�?�?o????????????????�??�???????'???�???3?????�???????????????????????????????????o�?????????????????????�??????�??????�???????�???????o�???????�?????????????2018 �'??1'???????-??o|???�?????�?�?o????????�???1?????�??????�??�?�??? 5 �???????o?o????�????????�????�???�???????????non-GAAP???�?????????????????????????????�????�???�???????????GAAP???�????????????o?????????1�'|?????????�?????????o????�????????�????�???�???????????non-GAAP???�??????????o?????'?�??????????

⁽²⁾ ??????�??????????????�?????�?�?o?�????? 12 ??a??????�'�???????1?�'-???????|??????�????????????�??????????????�????????�????�???�???????????non-GAAP???�????????�??�?�??? 7 �????-?????o?o? 2018 �'??1'???????-??o|?????????�????�???�???????????GAAP???�????????�???????????????????????????????1�'|????????????????o????�????????�????�???�???????????non-GAAP???�??????????o?????'?�????????????????�??????????????�??????????1??'??a 2018 �'??1'???�???????????�?�?o?�????? 12 ??a??????�'�???????1?�'-???????|??????�???????��?�???�?????�???????????????�???a??????????o?????????3???�'1??�????????????????3???????�??????1???|??????�'�??�?????????�'1??�?????????�????????????????? GAAP ?�?????????1�'|???

⁽³⁾ ???�????????�????�???�???????????non-GAAP???�?????????????????�?????????????1??'??a 2018 �'??1'??????????o??-??o|???�???????????�|????�?�?o?�????��????????�???o�???�?????�??????'???�????1?�'-?????'???????????????�??�????????????????????�??�???3??1???�?��?�???a??NASDa?????????????o??????????????�????????????�?????�?�?o????????????????�??�???????'???�???3?????�??????????????????????????o�?????????????????????�??????�??????�???????�???????o�???????�??????????????????????????�???1??�???????��?�???�?????�???????????????�???a??????????o?????????3???�'1??�????????????????3???????�??????1???|??????�'�??�?????????�'1??�????????????????????? GAAP ?�?????????1�'|?????a????????????�???o�???�??�??�???o|??o????-??o| 2500 ????????????

⁽⁴⁾ ??1?o???a?-???� 2018 ?1' 1 ??? 31 ???????????a????????????�??????o? 5.53 ?o??????????????�?????�?�??????????- 5.33 ?o???????????�?�????�?o??o???1?????????????�?????��????3???????????�???1?3???????�??�?????�???????�??????�?????�?1???�|???�?????????�?�????????????1) 4.8 ?o???????????�?�???????�?o???????????????1??????????�??-????????�????????????????????????????�???�?????????3�'1??�???2) 5300 ?????????????�?�???????�?o??o???1??????????�?�????�??????????�??????? 35% �???????� 21%???????????1???????????????�????????????�?�???o�???�'???o?????�????????1�???o???????�????????�?????????????????????????�??????�??????3????o?????�?????��?o|??o 4.40 ?o????????????? 8 ?1'??'?o3????????????????'??????�???????�???1???????????�??????�?????�???o?�???????????�'�??�????�???????�???o?????'???????????????????�??????????1????????o???�?�?????????????????�??????????????�??????????????????????????�??�???????????�????�???????????????????'????