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万泽股份 — 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 1.1B 981.0M 794.0M 656.0M 553.0M
Revenue Growth % 10.0% 23.6% 21.0% 18.6% --
Total Revenue 1.1B 981.0M 794.0M 656.0M 553.0M
Cost Of Revenue 269.0M 253.0M 184.0M 135.0M 82.8M
+Gross Profit 810.0M 728.0M 610.0M 521.0M 470.2M
Gross Margin % 75.1% 74.2% 76.8% 79.4% 85.0%
Total Operating Cost 896.0M 832.0M 687.0M 600.0M 522.0M
Selling Expenses 269.0M 273.0M 265.0M 261.0M 249.0M
Admin Expenses 137.0M 156.0M 130.0M 127.0M 93.5M
Rd Expenses 173.0M 106.0M 76.4M 76.7M 77.8M
Finance Expenses 37.9M 23.1M 20.4M 18.6M 13.3M
+Operating Income 223.0M 244.0M 135.0M 119.0M 99.7M
Operating Margin % 20.7% 24.9% 17.0% 18.1% 18.0%
Non Operating Income 2.4M 258,200 45,700 271,600 242,300
Non Operating Expenses 849,700 6,400 786,500 58,700 1.5M
Investment Income 514,600 1.6M 1.3M 43.4M 20.4M
Fair Value Change Income -1,100 -- -- -- 20.0M
Asset Disposal Income 4.6M 27.3M -- 63,800 --
Asset Impairment Loss -- -- -- -- --
Other Income 35.7M 65.7M 27.0M 19.9M 28.9M
Income Before Tax 225.0M 244.0M 134.0M 119.0M 98.4M
Income Tax 38.4M 55.4M 28.4M 30.5M 29.6M
+Net Income 187.0M 189.0M 106.0M 88.9M 68.8M
Net Margin % 17.3% 19.3% 13.4% 13.5% 12.4%
Net Income Attributable 193.0M 177.0M 102.0M 95.3M 76.7M
Minority Interest -6.1M 12.3M 3.8M -6.4M -7.9M
Eps Basic 0.39 0.36 0.20 0.19 0.16
Eps Diluted 0.38 0.35 0.20 0.19 0.16
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 381.0M 259.0M 293.0M 321.0M 395.0M
Trading Financial Assets 206,500 -- -- -- --
Accounts Receivable 370.0M 320.0M 203.0M 129.0M 122.0M
Notes Receivable 44.4M 15.1M 11.2M 8.2M 48.1M
Notes And Accounts Receivable 415.0M 335.0M 214.0M 137.0M 170.0M
Prepayments 5.1M 6.1M 8.2M 7.6M 7.6M
Inventory 344.0M 216.0M 119.0M 102.0M 43.5M
Total Current Assets 1.2B 890.0M 689.0M 663.0M 811.0M
Long Term Equity Investment 10.4M 10.3M 9.6M 9.2M 8.5M
Fixed Assets -- 770.0M 711.0M 622.0M 530.0M
Fixed Assets Total 763.0M 770.0M 711.0M 622.0M 530.0M
Construction In Progress -- 614.0M 288.0M 225.0M 328.0M
Construction In Progress Total 1.1B 614.0M 288.0M 225.0M 328.0M
Intangible Assets 399.0M 355.0M 248.0M 244.0M 195.0M
Long Term Deferred Expenses 45.3M 35.7M 17.5M 17.1M 9.2M
Total Non Current Assets 2.7B 2.2B 1.7B 1.5B 1.3B
Total Assets 4.0B 3.1B 2.4B 2.1B 2.1B
Short Term Borrowings 372.0M 255.0M 195.0M 152.0M 216.0M
Accounts Payable 301.0M 306.0M 226.0M 202.0M 189.0M
Advance Receipts -- -- -- -- 62,000
Contract Liabilities 2.3M 1.6M 1.5M 2.4M 3.6M
Total Current Liabilities 988.0M 813.0M 596.0M 580.0M 667.0M
Long Term Borrowings 1.1B 750.0M 429.0M 270.0M 306.0M
Total Non Current Liabilities 1.4B 1.0B 599.0M 438.0M 467.0M
Total Liabilities 2.4B 1.8B 1.2B 1.0B 1.1B
Paid In Capital 510.0M 509.0M 501.0M 496.0M 492.0M
Capital Reserve 393.0M 292.0M 99.9M 28.9M --
Surplus Reserve -- -- -- -- --
Retained Earnings 937.0M 801.0M 650.0M 574.0M 508.0M
Minority Equity 188.0M 93.0M 47.9M 28.3M -8.0M
Equity Attributable 1.4B 1.2B 1.2B 1.1B 1.0B
Total Equity 1.5B 1.3B 1.2B 1.1B 992.0M
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 1.0B 867.0M 758.0M 685.0M 523.0M
Tax Refunds Received 40.0M 20.5M 59.4M 16.3M 18.0M
Total Operating Cash Inflow 1.2B 966.0M 883.0M 792.0M 702.0M
Cash Paid For Goods 264.0M 212.0M 115.0M 157.0M 89.0M
Cash Paid To Employees 207.0M 203.0M 173.0M 145.0M 116.0M
Taxes Paid 108.0M 98.7M 66.6M 57.2M 52.2M
Total Operating Cash Outflow 1.0B 871.0M 688.0M 655.0M 559.0M
Operating Cash Flow 114.0M 94.7M 195.0M 137.0M 142.0M
Total Investing Cash Inflow 452.0M 90.5M 1.3M 318.0M 383.0M
Total Investing Cash Outflow 913.0M 456.0M 387.0M 394.0M 218.0M
Investing Cash Flow -461.0M -365.0M -386.0M -76.2M 165.0M
Cash From Borrowings 850.0M 599.0M 678.0M 161.0M 268.0M
Dividends And Interest Paid 118.0M 58.3M 55.2M 62.6M 52.9M
Debt Repayments 274.0M 239.0M 502.0M 242.0M 252.0M
Total Financing Cash Inflow 1.0B 817.0M 727.0M 218.0M 268.0M
Total Financing Cash Outflow 565.0M 576.0M 564.0M 347.0M 371.0M
Financing Cash Flow 469.0M 241.0M 162.0M -129.0M -103.0M
Net Change In Cash 123.0M -29.6M -29.0M -68.7M 204.0M
Ending Cash Balance 381.0M 258.0M 288.0M 317.0M 385.0M
Capex 587.0M 391.0M 342.0M 217.0M 155.0M
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