山推股份 - Financials

山推股份 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
+Revenue	14.6B	14.2B	11.4B	10.0B	9.2B	7.1B	6.4B	8.0B	6.4B	4.4B	3.8B	7.3B	10.1B	10.5B	14.7B	13.4B	7.0B	6.7B	4.8B	3.4B
Revenue Growth %	2.8%	25.1%	13.7%	9.0%	29.2%	10.9%	-20.0%	26.0%	44.2%	16.8%	-48.1%	-28.3%	-3.3%	-28.7%	9.7%	92.6%	3.9%	39.0%	43.6%	--
Total Revenue	14.6B	14.2B	11.4B	10.0B	9.2B	7.1B	6.4B	8.0B	6.4B	4.4B	3.8B	7.3B	10.1B	10.5B	14.7B	13.4B	7.0B	6.7B	4.8B	3.4B
Cost Of Revenue	11.5B	11.4B	9.2B	8.5B	7.8B	6.1B	5.4B	6.7B	5.3B	3.6B	3.6B	6.2B	8.9B	9.0B	12.6B	11.6B	5.9B	5.5B	3.9B	2.8B
+Gross Profit	3.1B	2.9B	2.2B	1.5B	1.4B	975.0M	1.0B	1.3B	1.1B	769.0M	183.0M	1.1B	1.2B	1.5B	2.1B	1.8B	1.0B	1.2B	883.0M	595.0M
Gross Margin %	21.5%	20.1%	19.2%	14.7%	14.8%	13.7%	15.7%	16.0%	16.6%	17.5%	4.9%	14.8%	11.9%	13.9%	14.1%	13.7%	14.7%	17.9%	18.3%	17.7%
Total Operating Cost	13.5B	13.2B	10.8B	9.8B	9.1B	7.1B	6.5B	8.0B	6.5B	4.6B	4.8B	7.4B	10.8B	10.5B	14.1B	12.6B	6.6B	6.2B	4.4B	3.2B
Selling Expenses	621.0M	592.0M	381.0M	399.0M	346.0M	271.0M	384.0M	406.0M	315.0M	262.0M	302.0M	372.0M	558.0M	411.0M	482.0M	368.0M	253.0M	308.0M	212.0M	137.0M
Admin Expenses	424.0M	442.0M	455.0M	339.0M	409.0M	282.0M	256.0M	303.0M	330.0M	528.0M	567.0M	571.0M	875.0M	703.0M	590.0M	452.0M	344.0M	289.0M	219.0M	204.0M
Rd Expenses	575.0M	542.0M	558.0M	398.0M	369.0M	252.0M	230.0M	229.0M	159.0M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	74.1M	-44.0M	27.7M	-59.0M	61.6M	121.0M	94.4M	71.0M	152.0M	91.1M	133.0M	195.0M	312.0M	308.0M	284.0M	66.4M	25.4M	92.4M	42.5M	24.5M
+Operating Income	1.3B	1.2B	816.0M	699.0M	167.0M	107.0M	58.1M	123.0M	29.4M	-128.0M	-962.0M	-55.2M	-544.0M	-52.7M	637.0M	1.1B	519.0M	625.0M	568.0M	322.0M
Operating Margin %	8.8%	8.4%	7.2%	7.0%	1.8%	1.5%	0.9%	1.5%	0.5%	-2.9%	-25.5%	-0.8%	-5.4%	-0.5%	4.3%	8.1%	7.5%	9.3%	11.8%	9.6%
Non Operating Income	8.1M	8.3M	9.5M	9.5M	1.4M	2.3M	14.8M	9.5M	22.4M	145.0M	44.1M	74.2M	54.5M	117.0M	59.0M	41.5M	24.9M	18.6M	1.7M	4.1M
Non Operating Expenses	4.7M	6.2M	996,100	716,900	6.6M	4.3M	5.9M	34.6M	3.1M	1.0M	30.0M	5.9M	3.8M	10.6M	9.1M	9.4M	4.2M	3.9M	2.9M	535,700
Investment Income	30.4M	49.5M	45.4M	340.0M	81.7M	103.0M	128.0M	122.0M	203.0M	78.0M	43.2M	84.1M	124.0M	5.5M	34.5M	229.0M	150.0M	167.0M	187.0M	125.0M
Fair Value Change Income	--	-5.6M	1.5M	-65,100	244,900	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	278,900	-2.5M	7.4M	66.9M	-32.7M	384,800	2.9M	-29.4M	-23.5M	22.1M	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	114.0M	106.0M	66.6M	73.2M	33.5M	42.4M	47.1M	192.0M	209.0M	68.5M	170.0M	52.4M	94.2M	45.8M	79.0M	69.9M	11.2M	34.0M	13.6M	20.5M
Other Income	97.9M	170.0M	165.0M	86.5M	67.6M	46.1M	72.6M	15.5M	18.6M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	1.3B	1.2B	825.0M	708.0M	162.0M	105.0M	67.0M	97.8M	48.6M	15.9M	-948.0M	13.1M	-493.0M	54.2M	687.0M	1.1B	540.0M	640.0M	567.0M	326.0M
Income Tax	70.2M	96.5M	38.6M	71.7M	-2.2M	-78,700	5.1M	12.8M	-11.9M	-1.8M	20.2M	41.0M	-8.8M	31.1M	135.0M	157.0M	79.8M	95.0M	94.9M	79.6M
+Net Income	1.2B	1.1B	786.0M	636.0M	164.0M	105.0M	61.9M	85.0M	60.5M	17.6M	-968.0M	-27.9M	-484.0M	23.0M	552.0M	954.0M	460.0M	545.0M	472.0M	246.0M
Net Margin %	8.3%	7.8%	6.9%	6.4%	1.8%	1.5%	1.0%	1.1%	1.0%	0.4%	-25.7%	-0.4%	-4.8%	0.2%	3.8%	7.1%	6.6%	8.1%	9.8%	7.3%
Net Income Attributable	1.2B	1.1B	783.0M	632.0M	163.0M	101.0M	56.6M	80.5M	64.4M	43.5M	-876.0M	46.4M	-410.0M	30.6M	479.0M	840.0M	422.0M	504.0M	446.0M	234.0M
Minority Interest	3.3M	2.3M	3.1M	4.5M	1.5M	4.5M	5.3M	4.6M	-3.9M	-25.8M	-92.6M	-74.3M	-74.2M	-7.6M	72.7M	114.0M	38.1M	40.2M	26.1M	12.4M
Eps Basic	0.81	0.73	0.52	0.42	0.11	0.08	0.05	0.06	0.05	0.04	-0.71	0.04	-0.35	0.03	0.42	1.11	0.56	0.67	0.61	0.34
Eps Diluted	0.81	0.73	0.52	0.42	0.11	0.08	0.05	0.06	0.05	0.04	-0.71	0.04	-0.35	0.03	0.42	1.11	0.56	0.67	0.61	--

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash And Equivalents	3.3B	4.6B	3.8B	2.7B	2.9B	1.9B	1.6B	1.4B	1.4B	924.0M	1.1B	1.4B	1.8B	2.1B	2.6B	2.0B	1.3B	1.0B	461.0M	325.0M
Trading Financial Assets	--	--	152.0M	241.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	6.0B	4.7B	3.6B	2.9B	1.8B	1.8B	1.7B	2.0B	1.6B	1.8B	1.8B	2.2B	2.4B	2.7B	2.0B	1.4B	858.0M	545.0M	584.0M	463.0M
Notes Receivable	3.9M	255,000	5.1M	22.6M	--	8.4M	--	309.0M	386.0M	338.0M	215.0M	386.0M	515.0M	534.0M	347.0M	366.0M	129.0M	96.8M	173.0M	115.0M
Notes And Accounts Receivable	6.0B	4.7B	3.6B	2.9B	1.8B	1.8B	1.7B	2.3B	2.0B	2.2B	2.0B	2.6B	2.9B	3.3B	2.3B	1.8B	987.0M	642.0M	757.0M	578.0M
Prepayments	335.0M	403.0M	454.0M	288.0M	246.0M	252.0M	170.0M	211.0M	294.0M	230.0M	236.0M	379.0M	527.0M	746.0M	1.6B	995.0M	294.0M	164.0M	237.0M	145.0M
Inventory	3.2B	3.2B	2.7B	1.4B	2.1B	1.4B	1.3B	1.6B	1.7B	1.5B	1.5B	2.1B	2.5B	2.5B	3.2B	2.6B	1.3B	1.3B	861.0M	607.0M
Total Current Assets	14.5B	14.0B	11.8B	8.4B	8.4B	6.2B	5.4B	5.8B	5.9B	5.2B	5.0B	6.7B	8.0B	8.9B	10.0B	7.6B	4.0B	3.2B	2.4B	1.7B
Long Term Equity Investment	798.0M	550.0M	513.0M	485.0M	456.0M	1.1B	1.1B	1.0B	999.0M	636.0M	540.0M	527.0M	510.0M	631.0M	588.0M	983.0M	650.0M	560.0M	531.0M	404.0M
Fixed Assets	2.2B	2.0B	1.8B	1.4B	1.2B	1.4B	1.5B	1.6B	1.8B	2.1B	2.4B	2.4B	2.3B	2.6B	2.3B	1.5B	1.2B	878.0M	743.0M	579.0M
Fixed Assets Total	2.2B	2.0B	1.8B	1.4B	1.2B	1.4B	1.5B	1.6B	1.8B	2.1B	2.4B	2.5B	2.4B	2.6B	2.3B	1.5B	1.2B	878.0M	743.0M	579.0M
Construction In Progress	151.0M	139.0M	233.0M	244.0M	307.0M	221.0M	177.0M	178.0M	154.0M	222.0M	240.0M	428.0M	586.0M	376.0M	280.0M	444.0M	369.0M	392.0M	84.8M	142.0M
Construction In Progress Total	151.0M	139.0M	233.0M	244.0M	307.0M	221.0M	177.0M	178.0M	154.0M	222.0M	240.0M	428.0M	586.0M	376.0M	280.0M	444.0M	369.0M	394.0M	88.9M	142.0M
Intangible Assets	502.0M	523.0M	525.0M	598.0M	614.0M	631.0M	628.0M	611.0M	670.0M	666.0M	722.0M	697.0M	701.0M	682.0M	506.0M	192.0M	108.0M	104.0M	73.4M	74.8M
Long Term Deferred Expenses	1.7M	2.2M	2.0M	--	--	--	--	46,200	121,900	219,200	316,400	802,900	909,700	1.2M	1.1M	--	--	306,900	--	--
Total Non Current Assets	4.6B	4.3B	3.9B	3.2B	2.9B	3.5B	3.5B	3.6B	3.7B	4.0B	4.4B	4.5B	4.6B	4.4B	3.8B	3.1B	2.3B	2.0B	1.5B	1.2B
Total Assets	19.1B	18.3B	15.6B	11.5B	11.3B	9.7B	8.9B	9.4B	9.7B	9.3B	9.4B	11.2B	12.6B	13.3B	13.8B	10.7B	6.3B	5.2B	3.9B	2.9B
Short Term Borrowings	760.0M	804.0M	622.0M	710.0M	695.0M	1.1B	1.3B	1.3B	1.5B	1.9B	1.2B	1.5B	2.2B	3.1B	3.8B	1.6B	802.0M	616.0M	421.0M	334.0M
Accounts Payable	3.0B	2.6B	2.3B	1.8B	1.5B	1.5B	1.2B	1.5B	1.5B	1.4B	1.8B	1.7B	2.1B	2.0B	2.1B	2.0B	1.2B	870.0M	724.0M	476.0M
Advance Receipts	2.9M	919,500	64,000	176,400	2.1M	--	165.0M	156.0M	247.0M	271.0M	192.0M	173.0M	191.0M	233.0M	462.0M	342.0M	180.0M	93.8M	163.0M	121.0M
Contract Liabilities	418.0M	334.0M	467.0M	226.0M	282.0M	212.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	11.3B	10.8B	8.6B	6.1B	5.8B	4.9B	5.0B	4.5B	4.7B	5.1B	4.7B	4.4B	5.9B	6.6B	7.7B	6.3B	2.9B	2.1B	1.7B	1.3B
Long Term Borrowings	1.1B	1.4B	75.7M	--	248.0M	750.0M	--	992.0M	1.0B	312.0M	358.0M	400.0M	300.0M	80.0M	158.0M	50.0M	18.5M	--	--	--
Total Non Current Liabilities	1.3B	2.0B	504.0M	283.0M	557.0M	973.0M	188.0M	1.2B	1.3B	686.0M	1.2B	2.3B	2.2B	1.8B	1.3B	68.0M	34.7M	8.2M	9.8M	5.6M
Total Liabilities	12.6B	12.8B	9.1B	6.3B	6.4B	5.9B	5.2B	5.7B	5.9B	5.8B	5.9B	6.7B	8.1B	8.4B	9.0B	6.3B	2.9B	2.1B	1.7B	1.3B
Paid In Capital	1.5B	1.5B	1.5B	1.5B	1.5B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	759.0M	759.0M	759.0M	759.0M	693.0M	577.0M
Capital Reserve	551.0M	562.0M	2.4B	1.5B	1.9B	1.2B	1.2B	1.2B	1.3B	1.2B	1.2B	1.2B	1.2B	903.0M	905.0M	906.0M	905.0M	912.0M	486.0M	482.0M
Surplus Reserve	599.0M	531.0M	434.0M	416.0M	416.0M	398.0M	398.0M	398.0M	398.0M	398.0M	398.0M	398.0M	380.0M	368.0M	357.0M	309.0M	230.0M	188.0M	144.0M	104.0M
Retained Earnings	3.7B	2.7B	1.9B	1.5B	909.0M	714.0M	607.0M	575.0M	495.0M	431.0M	387.0M	1.3B	1.2B	1.8B	2.3B	2.0B	1.3B	1.0B	655.0M	395.0M
Minority Equity	298.0M	295.0M	292.0M	288.0M	315.0M	313.0M	309.0M	303.0M	305.0M	286.0M	312.0M	436.0M	507.0M	713.0M	534.0M	371.0M	179.0M	171.0M	129.0M	108.0M
Equity Attributable	6.2B	5.2B	6.2B	4.9B	4.6B	3.5B	3.4B	3.4B	3.4B	3.2B	3.2B	4.1B	4.0B	4.2B	4.3B	4.0B	3.2B	2.9B	2.0B	1.6B
Total Equity	6.5B	5.5B	6.5B	5.2B	5.0B	3.8B	3.7B	3.7B	3.7B	3.5B	3.5B	4.5B	4.5B	4.9B	4.9B	4.4B	3.4B	3.1B	2.1B	1.7B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash From Sales	12.3B	8.9B	9.9B	7.1B	6.8B	5.6B	5.1B	4.7B	4.3B	3.2B	4.2B	5.6B	6.6B	6.7B	8.8B	10.3B	5.8B	6.8B	4.2B	2.7B
Tax Refunds Received	692.0M	800.0M	712.0M	494.0M	268.0M	156.0M	141.0M	177.0M	130.0M	109.0M	137.0M	182.0M	253.0M	346.0M	218.0M	114.0M	92.4M	151.0M	91.3M	35.0M
Total Operating Cash Inflow	13.2B	10.0B	10.8B	7.8B	7.2B	5.9B	5.4B	5.0B	4.6B	3.5B	4.4B	5.8B	7.0B	7.2B	9.1B	10.5B	6.0B	7.0B	4.3B	2.7B
Cash Paid For Goods	9.6B	7.0B	8.4B	5.8B	5.2B	4.0B	3.7B	3.5B	2.8B	2.0B	2.9B	3.8B	4.7B	4.8B	9.1B	8.8B	4.5B	5.5B	3.2B	2.0B
Cash Paid To Employees	1.4B	1.2B	1.1B	841.0M	908.0M	672.0M	641.0M	618.0M	513.0M	530.0M	591.0M	734.0M	858.0M	808.0M	694.0M	573.0M	434.0M	370.0M	255.0M	179.0M
Taxes Paid	600.0M	504.0M	376.0M	322.0M	213.0M	215.0M	186.0M	251.0M	255.0M	225.0M	142.0M	262.0M	386.0M	490.0M	554.0M	415.0M	288.0M	368.0M	305.0M	177.0M
Total Operating Cash Outflow	12.4B	9.5B	10.4B	7.5B	6.8B	5.3B	5.0B	4.8B	4.0B	3.2B	4.1B	5.3B	6.6B	6.7B	10.9B	10.3B	5.6B	6.7B	4.1B	2.5B
Operating Cash Flow	781.0M	515.0M	377.0M	380.0M	421.0M	667.0M	402.0M	179.0M	541.0M	273.0M	250.0M	578.0M	337.0M	579.0M	-1.8B	213.0M	385.0M	279.0M	239.0M	213.0M
Total Investing Cash Inflow	18.2M	280.0M	421.0M	329.0M	951.0M	104.0M	96.7M	236.0M	20.0M	87.3M	98.9M	85.6M	42.1M	271.0M	554.0M	79.0M	91.4M	166.0M	64.1M	67.8M
Total Investing Cash Outflow	328.0M	155.0M	298.0M	477.0M	63.9M	94.3M	129.0M	47.7M	52.7M	47.6M	87.2M	72.6M	278.0M	469.0M	918.0M	657.0M	344.0M	415.0M	190.0M	144.0M
Investing Cash Flow	-310.0M	124.0M	122.0M	-148.0M	887.0M	9.4M	-32.2M	188.0M	-32.7M	39.8M	11.6M	13.1M	-236.0M	-198.0M	-365.0M	-578.0M	-253.0M	-249.0M	-126.0M	-76.5M
Cash From Borrowings	987.0M	2.3B	715.0M	910.0M	1.1B	1.8B	1.6B	1.9B	2.5B	3.1B	1.8B	2.6B	5.8B	8.3B	7.2B	2.5B	1.4B	970.0M	750.0M	708.0M
Dividends And Interest Paid	254.0M	263.0M	185.0M	77.4M	69.0M	85.6M	121.0M	116.0M	83.9M	189.0M	156.0M	215.0M	278.0M	493.0M	385.0M	152.0M	147.0M	141.0M	57.7M	148.0M
Debt Repayments	1.0B	1.1B	866.0M	993.0M	2.0B	2.0B	1.9B	2.2B	2.4B	3.3B	2.2B	3.4B	6.3B	8.6B	4.0B	1.6B	1.2B	801.0M	669.0M	628.0M
Total Financing Cash Inflow	2.4B	5.4B	2.7B	1.8B	2.4B	2.8B	2.2B	2.7B	2.5B	3.1B	1.8B	2.6B	6.2B	8.3B	7.3B	2.6B	1.4B	1.5B	750.0M	732.0M
Total Financing Cash Outflow	3.1B	6.5B	3.1B	2.5B	3.0B	3.2B	2.5B	2.8B	3.2B	3.5B	2.4B	3.6B	6.6B	9.1B	4.4B	1.8B	1.4B	942.0M	726.0M	776.0M
Financing Cash Flow	-660.0M	-1.1B	-474.0M	-606.0M	-643.0M	-432.0M	-229.0M	-118.0M	-682.0M	-416.0M	-592.0M	-951.0M	-401.0M	-764.0M	2.9B	799.0M	57.8M	523.0M	23.5M	-43.5M
Net Change In Cash	-170.0M	-469.0M	9.1M	-369.0M	660.0M	228.0M	140.0M	255.0M	-181.0M	-102.0M	-320.0M	-358.0M	-340.0M	-383.0M	706.0M	436.0M	190.0M	553.0M	136.0M	92.6M
Ending Cash Balance	1.1B	1.2B	1.7B	1.6B	2.0B	1.3B	1.1B	942.0M	687.0M	868.0M	970.0M	1.3B	1.6B	2.0B	2.4B	1.7B	1.2B	1.0B	461.0M	325.0M
Capex	66.8M	49.5M	68.1M	100.0M	63.9M	94.3M	109.0M	47.7M	33.9M	41.2M	65.4M	72.6M	254.0M	268.0M	841.0M	500.0M	317.0M	412.0M	187.0M	142.0M