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华茂股份 — 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 3.3B 3.6B 3.5B 3.5B 3.4B
Revenue Growth % -6.2% 2.0% -0.1% 3.1% --
Total Revenue 3.3B 3.6B 3.5B 3.5B 3.4B
Cost Of Revenue 2.9B 3.1B 3.0B 2.8B 2.8B
+Gross Profit 465.0M 456.0M 478.0M 680.0M 629.0M
Gross Margin % 13.9% 12.8% 13.7% 19.4% 18.5%
Total Operating Cost 3.3B 3.5B 3.4B 3.3B 3.3B
Selling Expenses 26.1M 24.5M 22.2M 22.6M 39.8M
Admin Expenses 120.0M 121.0M 111.0M 113.0M 132.0M
Rd Expenses 111.0M 117.0M 126.0M 130.0M 120.0M
Finance Expenses 47.8M 68.0M 57.6M 77.0M 92.0M
+Operating Income 339.0M 166.0M -224.0M 546.0M 295.0M
Operating Margin % 10.1% 4.7% -6.4% 15.6% 8.7%
Non Operating Income 1.6M 2.7M 33,300 170,800 519,700
Non Operating Expenses 1.7M 2.2M 2.6M 2.0M 8.8M
Investment Income 55.6M 62.3M 44.2M 190.0M 180.0M
Fair Value Change Income 195.0M 40.4M -376.0M 153.0M -87.1M
Asset Disposal Income 2.6M -2.4M 2.8M 1.1M 2.7M
Asset Impairment Loss 66.2M 46.5M 57.1M 125.0M 100.0M
Other Income 31.8M 24.8M 52.6M 39.7M 85.8M
Income Before Tax 339.0M 166.0M -227.0M 544.0M 286.0M
Income Tax 62.8M 42.1M -42.7M 80.0M 80.7M
+Net Income 276.0M 124.0M -184.0M 464.0M 206.0M
Net Margin % 8.3% 3.5% -5.3% 13.3% 6.1%
Net Income Attributable 287.0M 138.0M -175.0M 481.0M 222.0M
Minority Interest -11.2M -14.0M -9.4M -17.1M -16.6M
Eps Basic 0.31 0.15 -0.19 0.51 0.24
Eps Diluted 0.31 0.15 -0.19 0.51 0.24
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 442.0M 397.0M 432.0M 466.0M 527.0M
Trading Financial Assets 1.1B 956.0M 929.0M 1.7B 1.4B
Accounts Receivable 389.0M 359.0M 376.0M 252.0M 301.0M
Notes Receivable 203.0M 201.0M 184.0M 197.0M 205.0M
Notes And Accounts Receivable 592.0M 561.0M 560.0M 449.0M 506.0M
Prepayments 69.4M 74.6M 170.0M 252.0M 141.0M
Inventory 850.0M 834.0M 624.0M 741.0M 470.0M
Total Current Assets 3.3B 3.0B 2.9B 3.8B 3.3B
Long Term Equity Investment 214.0M 1.1B 911.0M 930.0M 862.0M
Fixed Assets -- 2.4B 2.2B 2.1B 2.3B
Fixed Assets Total 2.3B 2.4B 2.2B 2.1B 2.3B
Construction In Progress -- 36.8M 212.0M 26.6M 24.9M
Construction In Progress Total 67.0M 36.8M 212.0M 26.6M 24.9M
Intangible Assets 367.0M 387.0M 419.0M 353.0M 354.0M
Long Term Deferred Expenses -- -- -- -- --
Total Non Current Assets 3.8B 4.4B 4.4B 3.9B 3.9B
Total Assets 7.1B 7.4B 7.3B 7.7B 7.1B
Short Term Borrowings 1.2B 1.3B 882.0M 762.0M 865.0M
Accounts Payable 199.0M 270.0M 277.0M 290.0M 271.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 23.5M 22.0M 22.9M 33.8M 24.7M
Total Current Liabilities 1.7B 2.3B 2.0B 1.8B 1.6B
Long Term Borrowings 555.0M 427.0M 578.0M 818.0M 588.0M
Total Non Current Liabilities 809.0M 633.0M 803.0M 1.1B 1.2B
Total Liabilities 2.5B 2.9B 2.8B 2.9B 2.8B
Paid In Capital 944.0M 944.0M 944.0M 944.0M 944.0M
Capital Reserve 25.7M 24.4M 25.2M 34.3M 32.8M
Surplus Reserve 501.0M 501.0M 501.0M 501.0M 501.0M
Retained Earnings 3.2B 3.0B 3.1B 3.3B 2.9B
Minority Equity 97.6M 96.5M 57.7M 60.8M 84.7M
Equity Attributable 4.4B 4.4B 4.5B 4.7B 4.3B
Total Equity 4.5B 4.5B 4.5B 4.8B 4.4B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 3.3B 3.2B 3.2B 3.8B 2.9B
Tax Refunds Received 7.4M 5.9M 9.5M 7.8M 18.6M
Total Operating Cash Inflow 3.3B 3.2B 3.3B 3.8B 3.0B
Cash Paid For Goods 2.4B 2.4B 2.2B 2.8B 1.9B
Cash Paid To Employees 409.0M 404.0M 413.0M 427.0M 368.0M
Taxes Paid 102.0M 126.0M 151.0M 215.0M 195.0M
Total Operating Cash Outflow 3.1B 3.0B 2.9B 3.6B 2.6B
Operating Cash Flow 246.0M 151.0M 394.0M 229.0M 400.0M
Total Investing Cash Inflow 1.1B 358.0M 877.0M 459.0M 1.7B
Total Investing Cash Outflow 723.0M 517.0M 1.2B 684.0M 1.4B
Investing Cash Flow 395.0M -159.0M -335.0M -225.0M 324.0M
Cash From Borrowings 2.0B 1.9B 1.5B 1.2B 1.5B
Dividends And Interest Paid 146.0M 262.0M 125.0M 130.0M 140.0M
Debt Repayments 2.4B 1.7B 1.4B 1.1B 1.9B
Total Financing Cash Inflow 2.0B 1.9B 1.5B 1.2B 1.5B
Total Financing Cash Outflow 2.6B 2.0B 1.6B 1.2B 2.1B
Financing Cash Flow -599.0M -29.0M -101.0M -62.1M -575.0M
Net Change In Cash 44.9M -35.3M -33.9M -61.3M 148.0M
Ending Cash Balance 442.0M 397.0M 432.0M 466.0M 527.0M
Capex 187.0M 137.0M 628.0M 237.0M 202.0M
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