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华锦股份 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
+Revenue 34.6B 46.1B 49.1B 38.6B 30.4B
Revenue Growth % -25.0% -6.0% 26.9% 27.0% --
Total Revenue 34.6B 46.1B 49.1B 38.6B 30.4B
Cost Of Revenue 32.0B 39.3B 41.0B 30.5B 26.7B
+Gross Profit 2.6B 6.8B 8.1B 8.1B 3.8B
Gross Margin % 7.5% 14.8% 16.5% 21.0% 12.4%
Total Operating Cost 37.5B 46.1B 48.3B 37.5B 30.2B
Selling Expenses 187.0M 327.0M 340.0M 317.0M 326.0M
Admin Expenses 1.5B 988.0M 1.1B 1.7B 1.3B
Rd Expenses 176.0M 159.0M 144.0M 125.0M 112.0M
Finance Expenses 185.0M 183.0M 243.0M 352.0M 405.0M
+Operating Income -2.9B 104.0M 794.0M 1.1B 320.0M
Operating Margin % -8.4% 0.2% 1.6% 3.0% 1.1%
Non Operating Income 77.1M 56.6M 54.6M 88.7M 98.9M
Non Operating Expenses 14.3M 6.2M 26.5M 69.5M 15.8M
Investment Income 3.6M 4.8M 4.5M 12.3M 11.1M
Fair Value Change Income -- -- -- -- --
Asset Disposal Income -- 165,900 367,100 -- --
Asset Impairment Loss 266.0M 198.0M 242.0M 391.0M 389.0M
Other Income 37.1M 15.2M 13.8M 19.8M 32.8M
Income Before Tax -2.8B 155.0M 822.0M 1.2B 403.0M
Income Tax 4.2M 71.6M 221.0M 174.0M 58.1M
+Net Income -2.8B 83.1M 601.0M 986.0M 345.0M
Net Margin % -8.2% 0.2% 1.2% 2.6% 1.1%
Net Income Attributable -2.8B 70.3M 529.0M 942.0M 324.0M
Minority Interest -47.6M 12.8M 72.0M 43.3M 20.5M
Eps Basic -1.75 0.04 0.33 0.59 0.20
Eps Diluted -1.75 0.04 0.33 0.59 0.20
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 8.1B 9.4B 10.0B 9.8B 7.8B
Trading Financial Assets -- -- -- -- --
Accounts Receivable 116.0M 171.0M 103.0M 165.0M 190.0M
Notes Receivable 600,400 107.0M 16.3M 88.0M 16.4M
Notes And Accounts Receivable 117.0M 278.0M 120.0M 253.0M 207.0M
Prepayments 771.0M 3.6B 3.1B 3.0B 1.8B
Inventory 5.2B 5.8B 5.1B 4.5B 2.8B
Total Current Assets 14.4B 19.2B 18.6B 17.8B 12.9B
Long Term Equity Investment 354.0M 135.0M 91.3M 99.3M 102.0M
Fixed Assets -- 10.4B 11.7B 12.6B 12.8B
Fixed Assets Total 10.3B 10.4B 11.7B 12.6B 12.8B
Construction In Progress -- 66.5M 47.1M 255.0M 185.0M
Construction In Progress Total 246.0M 67.6M 49.0M 257.0M 188.0M
Intangible Assets 1.1B 1.1B 1.2B 1.2B 1.3B
Long Term Deferred Expenses 499.0M 377.0M 463.0M 527.0M 233.0M
Total Non Current Assets 13.6B 12.7B 14.1B 15.3B 15.0B
Total Assets 28.1B 31.9B 32.6B 33.1B 27.9B
Short Term Borrowings -- 1.0B 1.0B 1.4B 1.6B
Accounts Payable 955.0M 2.1B 1.4B 2.1B 856.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 338.0M 679.0M 1.4B 1.3B 361.0M
Total Current Liabilities 7.5B 6.8B 11.3B 7.7B 7.5B
Long Term Borrowings 7.6B 9.8B 5.8B 10.0B 5.9B
Total Non Current Liabilities 8.4B 10.1B 6.3B 10.4B 6.3B
Total Liabilities 15.9B 16.9B 17.5B 18.1B 13.8B
Paid In Capital 1.6B 1.6B 1.6B 1.6B 1.6B
Capital Reserve 6.5B 6.5B 6.5B 6.6B 6.0B
Surplus Reserve 642.0M 642.0M 621.0M 618.0M 594.0M
Retained Earnings 2.7B 5.6B 5.7B 5.5B 5.4B
Minority Equity 641.0M 689.0M 676.0M 604.0M 576.0M
Equity Attributable 11.5B 14.3B 14.4B 14.3B 13.5B
Total Equity 12.1B 15.0B 15.1B 14.9B 14.1B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 38.9B 50.4B 55.0B 44.2B 33.8B
Tax Refunds Received 407.0M 385.0M 403.0M 74.2M --
Total Operating Cash Inflow 39.5B 51.0B 55.7B 44.5B 34.1B
Cash Paid For Goods 33.7B 42.7B 44.0B 33.9B 27.5B
Cash Paid To Employees 1.3B 1.4B 1.4B 1.3B 1.1B
Taxes Paid 3.6B 5.1B 7.6B 4.9B 1.6B
Total Operating Cash Outflow 39.1B 50.0B 54.0B 41.5B 31.3B
Operating Cash Flow 460.0M 970.0M 1.8B 2.9B 2.8B
Total Investing Cash Inflow 5.2M 10.5M 14.0M 164.0M 124.0M
Total Investing Cash Outflow 1.2B 362.0M 205.0M 670.0M 326.0M
Investing Cash Flow -1.2B -351.0M -191.0M -506.0M -202.0M
Cash From Borrowings 1.9B 7.7B 4.5B 6.1B 10.0B
Dividends And Interest Paid 301.0M 515.0M 694.0M 585.0M 861.0M
Debt Repayments 2.8B 8.3B 5.0B 6.2B 11.1B
Total Financing Cash Inflow 2.6B 7.7B 4.5B 6.1B 10.0B
Total Financing Cash Outflow 3.2B 8.9B 5.8B 6.8B 12.0B
Financing Cash Flow -619.0M -1.2B -1.3B -739.0M -2.0B
Net Change In Cash -1.4B -611.0M 285.0M 1.7B 651.0M
Ending Cash Balance 8.1B 9.4B 10.0B 9.8B 7.8B
Capex 977.0M 318.0M 205.0M 670.0M 326.0M
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