华润三九 - Financials

华润三九 — 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
+Revenue	31.6B	27.6B	24.7B	18.1B	15.5B
Revenue Growth %	14.4%	11.6%	36.8%	16.3%	--
Total Revenue	31.6B	27.6B	24.7B	18.1B	15.5B
Cost Of Revenue	14.5B	13.3B	11.6B	8.3B	6.4B
+Gross Profit	17.1B	14.3B	13.2B	9.8B	9.2B
Gross Margin %	54.0%	51.9%	53.2%	54.0%	59.1%
Total Operating Cost	27.4B	23.5B	21.3B	15.4B	13.3B
Selling Expenses	9.1B	7.2B	7.0B	5.1B	5.0B
Admin Expenses	1.9B	1.7B	1.5B	1.1B	955.0M
Rd Expenses	1.3B	802.0M	715.0M	594.0M	560.0M
Finance Expenses	35.0M	-24.2M	-24.2M	5.5M	-37.8M
+Operating Income	4.9B	4.5B	3.8B	2.9B	2.5B
Operating Margin %	15.4%	16.2%	15.2%	16.3%	15.9%
Non Operating Income	54.6M	142.0M	51.3M	35.5M	21.7M
Non Operating Expenses	42.3M	23.2M	50.2M	19.3M	50.0M
Investment Income	-3.1M	31.1M	18.2M	44.6M	33.9M
Fair Value Change Income	262.0M	9.4M	-28.6M	2.6M	5.0M
Asset Disposal Income	6.5M	31.4M	813,700	2.3M	850,200
Asset Impairment Loss	90.0M	163.0M	173.0M	138.0M	256.0M
Other Income	338.0M	290.0M	286.0M	217.0M	230.0M
Income Before Tax	4.9B	4.6B	3.8B	3.0B	2.4B
Income Tax	698.0M	816.0M	581.0M	466.0M	345.0M
+Net Income	4.2B	3.8B	3.2B	2.5B	2.1B
Net Margin %	13.2%	13.7%	12.8%	13.8%	13.5%
Net Income Attributable	3.4B	3.4B	2.9B	2.4B	2.1B
Minority Interest	745.0M	410.0M	321.0M	48.2M	43.5M
Eps Basic	2.06	2.02	2.24	2.48	2.10
Eps Diluted	2.06	2.02	2.23	2.48	2.10

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Equivalents	4.7B	5.0B	6.8B	3.1B	3.1B
Trading Financial Assets	3.4B	1.7B	1.5B	--	1.2B
Accounts Receivable	8.2B	6.6B	6.2B	4.1B	3.1B
Notes Receivable	58.2M	80.0M	7.8M	180.0M	9.9M
Notes And Accounts Receivable	8.2B	6.7B	6.2B	4.3B	3.1B
Prepayments	455.0M	509.0M	496.0M	375.0M	280.0M
Inventory	6.2B	4.9B	5.1B	2.5B	2.4B
Total Current Assets	28.0B	21.9B	22.5B	12.0B	12.7B
Long Term Equity Investment	1.5B	432.0M	144.0M	65.8M	14.7M
Fixed Assets	--	6.1B	5.9B	3.7B	3.7B
Fixed Assets Total	10.1B	6.1B	5.9B	3.7B	3.7B
Construction In Progress	--	--	538.0M	946.0M	408.0M
Construction In Progress Total	729.0M	307.0M	538.0M	946.0M	408.0M
Intangible Assets	5.9B	3.4B	3.5B	2.4B	2.3B
Long Term Deferred Expenses	204.0M	182.0M	167.0M	129.0M	115.0M
Total Non Current Assets	30.8B	18.2B	17.6B	15.1B	11.9B
Total Assets	58.8B	40.1B	40.1B	27.1B	24.5B
Short Term Borrowings	2.4B	856.0M	886.0M	169.0M	90.0M
Accounts Payable	2.5B	2.3B	2.4B	1.4B	1.2B
Advance Receipts	2.8M	56,800	--	--	--
Contract Liabilities	1.8B	1.9B	1.6B	1.0B	1.5B
Total Current Liabilities	15.3B	13.6B	12.9B	8.7B	7.9B
Long Term Borrowings	3.5B	178.0M	1.8B	50.2M	8.0M
Total Non Current Liabilities	5.0B	1.2B	2.9B	917.0M	820.0M
Total Liabilities	20.3B	14.8B	15.9B	9.6B	8.8B
Paid In Capital	1.7B	1.3B	988.0M	988.0M	979.0M
Capital Reserve	1.4B	1.9B	1.9B	1.8B	1.6B
Surplus Reserve	832.0M	642.0M	536.0M	536.0M	536.0M
Retained Earnings	18.2B	16.1B	15.6B	13.8B	12.2B
Minority Equity	16.3B	5.4B	5.3B	524.0M	461.0M
Equity Attributable	22.2B	19.9B	19.0B	17.0B	15.3B
Total Equity	38.5B	25.3B	24.3B	17.5B	15.8B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash From Sales	33.9B	27.9B	27.5B	17.6B	15.7B
Tax Refunds Received	41.4M	52.2M	46.7M	50.6M	28.2M
Total Operating Cash Inflow	35.3B	29.2B	28.8B	18.3B	16.6B
Cash Paid For Goods	12.0B	11.3B	10.7B	5.9B	4.6B
Cash Paid To Employees	5.3B	3.7B	3.5B	2.7B	2.5B
Taxes Paid	3.3B	2.8B	2.8B	1.9B	1.9B
Total Operating Cash Outflow	29.8B	24.8B	24.6B	15.3B	14.7B
Operating Cash Flow	5.5B	4.4B	4.2B	3.0B	1.9B
Total Investing Cash Inflow	12.9B	7.6B	3.3B	4.2B	4.4B
Total Investing Cash Outflow	20.3B	8.7B	4.0B	6.6B	6.2B
Investing Cash Flow	-7.4B	-1.1B	-793.0M	-2.5B	-1.8B
Cash From Borrowings	6.5B	1.0B	3.6B	594.0M	98.0M
Dividends And Interest Paid	1.7B	3.0B	1.2B	900.0M	539.0M
Debt Repayments	3.1B	2.7B	1.8B	462.0M	48.5M
Total Financing Cash Inflow	7.1B	1.1B	3.6B	910.0M	180.0M
Total Financing Cash Outflow	5.5B	5.7B	3.1B	1.5B	849.0M
Financing Cash Flow	1.6B	-4.6B	450.0M	-575.0M	-669.0M
Net Change In Cash	-345.0M	-1.4B	3.9B	-41.9M	-579.0M
Ending Cash Balance	4.5B	4.9B	6.2B	2.4B	2.4B
Capex	1.3B	790.0M	857.0M	952.0M	873.0M