招商积余 - Financials

招商积余 — 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	19.3B	17.2B	15.6B	13.0B	10.6B	8.7B	6.1B	6.7B	5.9B	6.3B	5.5B	6.2B	6.2B	4.2B	3.7B	3.9B	1.8B	2.0B	2.3B	1.5B
Revenue Growth %	12.2%	9.9%	20.0%	23.0%	22.4%	42.3%	-8.7%	12.9%	-6.9%	14.7%	-11.4%	0.0%	48.7%	12.9%	-5.4%	123.7%	-13.7%	-10.3%	56.0%	--
Total Revenue	19.3B	17.2B	15.6B	13.0B	10.6B	8.7B	6.1B	6.7B	5.9B	6.3B	5.5B	6.2B	6.2B	4.2B	3.7B	3.9B	1.8B	2.0B	2.3B	1.5B
Cost Of Revenue	17.1B	15.1B	13.8B	11.5B	9.1B	7.5B	5.0B	5.3B	4.6B	5.0B	4.2B	4.5B	4.3B	2.9B	2.3B	2.7B	1.2B	1.5B	1.4B	1.0B
+Gross Profit	2.1B	2.1B	1.8B	1.5B	1.5B	1.2B	1.1B	1.3B	1.3B	1.3B	1.3B	1.7B	1.9B	1.3B	1.4B	1.2B	564.0M	528.0M	820.0M	441.0M
Gross Margin %	11.1%	12.0%	11.6%	11.8%	13.8%	13.6%	18.3%	19.7%	21.2%	20.3%	24.2%	27.3%	30.2%	31.6%	37.4%	31.2%	32.2%	26.0%	36.2%	30.4%
Total Operating Cost	18.4B	16.1B	14.8B	12.3B	10.0B	8.1B	5.7B	6.7B	6.3B	6.7B	5.5B	6.0B	5.7B	3.9B	3.2B	3.5B	1.7B	2.0B	1.9B	1.3B
Selling Expenses	110.0M	115.0M	94.2M	71.2M	86.7M	64.1M	75.0M	111.0M	140.0M	321.0M	204.0M	190.0M	170.0M	142.0M	206.0M	259.0M	188.0M	175.0M	151.0M	111.0M
Admin Expenses	580.0M	602.0M	605.0M	469.0M	387.0M	349.0M	379.0M	384.0M	424.0M	346.0M	338.0M	376.0M	291.0M	252.0M	241.0M	218.0M	192.0M	192.0M	147.0M	99.2M
Rd Expenses	76.1M	78.2M	98.9M	48.3M	37.5M	19.6M	17.5M	14.6M	10.0M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	11.4M	29.8M	62.9M	93.8M	132.0M	178.0M	236.0M	280.0M	375.0M	444.0M	373.0M	328.0M	272.0M	230.0M	69.1M	69.9M	11.1M	32.2M	20.1M	16.2M
+Operating Income	956.0M	1.1B	915.0M	825.0M	745.0M	602.0M	402.0M	1.2B	301.0M	283.0M	566.0M	664.0M	560.0M	667.0M	717.0M	431.0M	118.0M	24.0M	324.0M	146.0M
Operating Margin %	5.0%	6.6%	5.9%	6.3%	7.0%	7.0%	6.6%	18.3%	5.1%	4.5%	10.3%	10.7%	9.0%	15.9%	19.3%	11.0%	6.7%	1.2%	14.3%	10.1%
Non Operating Income	4.3M	10.2M	14.6M	12.0M	11.9M	33.8M	12.1M	12.0M	8.5M	18.9M	49.0M	27.2M	186.0M	26.0M	8.2M	10.4M	32.9M	4.4M	3.1M	3.0M
Non Operating Expenses	9.9M	7.1M	1.4M	15.2M	10.2M	6.6M	5.3M	6.5M	49.8M	5.8M	9.4M	7.8M	5.3M	15.5M	2.1M	5.2M	2.7M	4.6M	4.3M	529,600
Investment Income	3.4M	4.8M	5.0M	44.9M	4.5M	3.9M	-3.4M	1.2B	31.3M	380.0M	201.0M	196.0M	-212,800	1.0M	21.9M	10,100	13.9M	22.9M	933,700	16.4M
Fair Value Change Income	-14.7M	554,900	6.0M	-8.5M	107.0M	-5,700	-12.9M	11.8M	710.0M	252.0M	391.0M	218.0M	27.3M	383.0M	233.0M	54.3M	31.7M	-20.3M	--	--
Asset Disposal Income	3.3M	2.5M	588,400	845,600	1.1M	-242,800	-1.3M	-342,300	-284,100	-86,000	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	73.1M	1.4M	--	69.0M	110.0M	-2.6M	-8.4M	325.0M	552.0M	139.0M	1.3M	1.3M	20.9M	30.4M	5.0M	19.4M	7.5M	25.5M	14.5M	17.2M
Other Income	46.0M	49.5M	94.8M	111.0M	71.3M	90.6M	31.0M	5.8M	11.3M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	950.0M	1.1B	928.0M	822.0M	746.0M	629.0M	408.0M	1.2B	260.0M	296.0M	606.0M	683.0M	741.0M	678.0M	723.0M	436.0M	149.0M	23.8M	322.0M	148.0M
Income Tax	292.0M	269.0M	190.0M	253.0M	294.0M	218.0M	139.0M	401.0M	295.0M	159.0M	235.0M	204.0M	242.0M	242.0M	222.0M	140.0M	55.3M	19.9M	51.6M	25.4M
+Net Income	658.0M	869.0M	739.0M	569.0M	453.0M	411.0M	270.0M	824.0M	-34.7M	137.0M	371.0M	480.0M	499.0M	435.0M	501.0M	296.0M	93.5M	3.9M	271.0M	123.0M
Net Margin %	3.4%	5.1%	4.7%	4.4%	4.3%	4.8%	4.4%	12.4%	-0.6%	2.2%	6.7%	7.7%	8.0%	10.4%	13.5%	7.6%	5.3%	0.2%	12.0%	8.5%
Net Income Attributable	655.0M	840.0M	736.0M	594.0M	513.0M	437.0M	286.0M	857.0M	151.0M	161.0M	401.0M	492.0M	467.0M	414.0M	517.0M	269.0M	62.9M	8.3M	150.0M	72.1M
Minority Interest	3.4M	29.0M	2.9M	-24.7M	-60.2M	-26.4M	-16.5M	-32.6M	-185.0M	-24.1M	-30.5M	-12.9M	32.4M	21.1M	-16.5M	26.2M	30.6M	-4.4M	120.0M	50.7M
Eps Basic	0.62	0.79	0.69	0.56	0.48	0.41	0.41	1.28	0.23	0.24	0.60	0.74	0.70	0.62	0.78	0.81	0.28	0.04	0.74	0.37
Eps Diluted	0.62	0.79	0.69	0.56	0.48	0.41	0.41	1.28	0.23	0.24	0.60	0.74	0.70	0.62	0.78	0.81	0.28	0.04	0.74	0.37

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	5.6B	4.7B	4.3B	3.2B	2.1B	2.3B	2.4B	2.2B	2.1B	2.0B	1.5B	892.0M	1.4B	1.4B	916.0M	1.1B	942.0M	593.0M	803.0M	212.0M
Trading Financial Assets	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	2.4B	2.2B	2.3B	2.3B	1.5B	1.1B	1.1B	605.0M	511.0M	561.0M	402.0M	364.0M	450.0M	380.0M	299.0M	248.0M	173.0M	174.0M	171.0M	204.0M
Notes Receivable	23.7M	54.4M	26.0M	28.1M	29.4M	30.8M	16.2M	6.0M	1.4M	515,000	949,000	--	--	--	--	--	--	--	--	343,000
Notes And Accounts Receivable	2.5B	2.2B	2.3B	2.4B	1.5B	1.2B	1.1B	611.0M	512.0M	561.0M	403.0M	364.0M	450.0M	380.0M	299.0M	248.0M	173.0M	174.0M	171.0M	204.0M
Prepayments	92.0M	74.1M	93.7M	148.0M	112.0M	98.3M	89.1M	25.3M	112.0M	113.0M	134.0M	1.1B	990.0M	417.0M	454.0M	304.0M	312.0M	143.0M	25.4M	34.4M
Inventory	1.0B	1.1B	1.1B	1.2B	1.4B	1.6B	1.7B	1.8B	5.1B	6.4B	10.6B	11.1B	9.0B	6.5B	5.3B	3.7B	3.4B	3.0B	2.3B	977.0M
Total Current Assets	10.3B	9.3B	8.7B	7.8B	5.8B	5.8B	5.9B	5.2B	11.1B	12.4B	13.6B	14.5B	12.7B	9.7B	7.8B	6.3B	5.2B	4.1B	3.4B	1.8B
Long Term Equity Investment	118.0M	106.0M	98.8M	67.7M	50.1M	124.0M	139.0M	164.0M	167.0M	162.0M	146.0M	98.5M	400.0M	239.0M	238.0M	51.1M	48.3M	43.3M	17.3M	20.6M
Fixed Assets	564.0M	595.0M	627.0M	660.0M	565.0M	584.0M	601.0M	601.0M	630.0M	637.0M	142.0M	154.0M	214.0M	207.0M	179.0M	399.0M	213.0M	226.0M	157.0M	144.0M
Fixed Assets Total	564.0M	595.0M	627.0M	660.0M	565.0M	584.0M	601.0M	601.0M	630.0M	637.0M	142.0M	154.0M	214.0M	207.0M	179.0M	399.0M	213.0M	226.0M	157.0M	144.0M
Construction In Progress	--	--	--	--	5.3M	--	--	--	24.3M	22.9M	284.0M	23.9M	11.9M	87.7M	82.9M	226.0M	102.0M	58.6M	74.9M	20.8M
Construction In Progress Total	--	--	--	--	5.3M	--	--	--	24.3M	22.9M	284.0M	23.9M	11.9M	87.7M	82.9M	226.0M	102.0M	58.6M	74.9M	20.8M
Intangible Assets	21.3M	24.3M	27.4M	30.4M	21.1M	22.9M	24.7M	10.8M	11.2M	11.5M	11.9M	22.1M	17.4M	17.7M	18.1M	74.5M	76.5M	77.2M	55.5M	33.1M
Long Term Deferred Expenses	98.4M	102.0M	111.0M	117.0M	122.0M	131.0M	144.0M	103.0M	57.6M	39.5M	77.3M	90.1M	92.9M	111.0M	90.9M	250.0M	160.0M	169.0M	122.0M	80.9M
Total Non Current Assets	9.8B	9.9B	9.9B	10.0B	10.9B	10.5B	10.6B	8.0B	8.0B	9.3B	9.2B	5.6B	5.0B	4.7B	3.3B	1.7B	1.2B	1.2B	617.0M	470.0M
Total Assets	20.1B	19.2B	18.6B	17.8B	16.8B	16.3B	16.5B	13.2B	19.1B	21.7B	22.9B	20.1B	17.7B	14.4B	11.1B	7.9B	6.4B	5.2B	4.0B	2.3B
Short Term Borrowings	--	149.0M	--	--	200.0M	360.0M	350.0M	545.0M	430.0M	1.7B	2.7B	2.5B	1.1B	1.5B	950.0M	1.6B	1.0B	1.1B	1.1B	774.0M
Accounts Payable	3.6B	3.0B	2.2B	1.7B	1.0B	775.0M	750.0M	644.0M	901.0M	1.0B	1.5B	1.1B	1.2B	1.1B	1.2B	538.0M	163.0M	155.0M	160.0M	202.0M
Advance Receipts	8.1M	11.2M	8.2M	9.8M	4.1M	2.7M	560.0M	273.0M	2.5B	2.5B	2.6B	1.6B	1.8B	1.7B	931.0M	988.0M	1.3B	84.0M	58.0M	33.1M
Contract Liabilities	1.1B	1.1B	892.0M	780.0M	692.0M	627.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	8.0B	7.0B	7.5B	5.4B	4.6B	6.0B	4.1B	3.4B	9.6B	9.6B	11.0B	9.9B	8.2B	7.3B	5.7B	4.3B	3.9B	2.7B	2.2B	1.2B
Long Term Borrowings	317.0M	663.0M	341.0M	742.0M	624.0M	1.1B	2.0B	2.6B	2.6B	5.2B	6.4B	5.4B	4.9B	2.6B	1.7B	1.2B	290.0M	402.0M	53.2M	438.0M
Total Non Current Liabilities	1.2B	1.5B	1.2B	3.1B	3.6B	2.0B	4.4B	4.9B	4.9B	7.4B	7.2B	6.0B	5.4B	3.1B	2.0B	1.3B	424.0M	487.0M	68.7M	447.0M
Total Liabilities	9.2B	8.6B	8.7B	8.5B	8.2B	8.0B	8.5B	8.3B	14.5B	17.0B	18.2B	15.9B	13.6B	10.4B	7.7B	5.6B	4.4B	3.2B	2.2B	1.7B
Paid In Capital	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	667.0M	667.0M	667.0M	667.0M	667.0M	667.0M	667.0M	333.0M	222.0M	222.0M	222.0M	222.0M	139.0M
Capital Reserve	3.0B	3.1B	3.1B	3.1B	3.1B	3.1B	3.1B	421.0M	545.0M	550.0M	563.0M	449.0M	540.0M	613.0M	971.0M	949.0M	957.0M	970.0M	989.0M	176.0M
Surplus Reserve	565.0M	544.0M	524.0M	507.0M	495.0M	441.0M	401.0M	372.0M	309.0M	309.0M	280.0M	207.0M	158.0M	135.0M	129.0M	120.0M	118.0M	85.7M	51.7M	51.7M
Retained Earnings	6.1B	5.7B	5.1B	4.5B	4.0B	3.7B	3.4B	3.4B	2.7B	2.6B	2.5B	2.2B	1.9B	1.5B	1.2B	687.0M	419.0M	420.0M	237.0M	122.0M
Minority Equity	134.0M	151.0M	151.0M	161.0M	-85.5M	-18.4M	18.5M	43.3M	420.0M	645.0M	738.0M	647.0M	871.0M	1.1B	804.0M	384.0M	361.0M	317.0M	253.0M	127.0M
Equity Attributable	10.7B	10.4B	9.8B	9.2B	8.7B	8.3B	8.0B	4.8B	4.2B	4.1B	4.0B	3.5B	3.2B	2.9B	2.6B	2.0B	1.7B	1.7B	1.5B	488.0M
Total Equity	10.9B	10.6B	9.9B	9.3B	8.6B	8.3B	8.0B	4.9B	4.6B	4.7B	4.7B	4.2B	4.1B	4.0B	3.4B	2.4B	2.1B	2.0B	1.8B	615.0M

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	19.3B	17.8B	16.3B	13.5B	11.8B	9.9B	6.4B	5.4B	6.3B	8.4B	6.3B	5.9B	6.2B	4.9B	3.6B	3.5B	2.9B	1.8B	2.2B	1.2B
Tax Refunds Received	2.3M	2.7M	10.9M	5.4M	17.7M	128,000	37,300	53,100	--	--	24.4M	--	--	18.4M	--	--	--	12.1M	18.3M	23.8M
Total Operating Cash Inflow	21.1B	19.6B	18.2B	16.2B	13.3B	11.7B	7.2B	7.7B	8.9B	11.1B	7.9B	7.1B	7.9B	5.6B	4.4B	3.9B	3.2B	2.0B	2.5B	1.4B
Cash Paid For Goods	12.4B	10.8B	9.4B	6.6B	5.7B	4.9B	3.4B	3.0B	2.3B	4.3B	3.6B	6.2B	6.5B	3.3B	2.8B	2.5B	1.5B	1.5B	2.1B	1.3B
Cash Paid To Employees	4.3B	4.4B	4.4B	4.2B	3.9B	3.3B	1.9B	1.7B	1.6B	1.6B	1.4B	1.1B	905.0M	758.0M	616.0M	468.0M	385.0M	328.0M	216.0M	139.0M
Taxes Paid	926.0M	806.0M	711.0M	689.0M	589.0M	508.0M	694.0M	531.0M	560.0M	861.0M	879.0M	841.0M	684.0M	603.0M	469.0M	279.0M	218.0M	163.0M	134.0M	108.0M
Total Operating Cash Outflow	19.4B	17.8B	16.4B	15.2B	12.6B	10.7B	6.8B	6.4B	6.3B	8.8B	7.4B	9.8B	9.3B	6.4B	5.1B	4.1B	2.7B	2.4B	2.8B	1.9B
Operating Cash Flow	1.6B	1.8B	1.8B	995.0M	703.0M	992.0M	359.0M	1.3B	2.6B	2.3B	539.0M	-2.7B	-1.4B	-724.0M	-638.0M	-217.0M	536.0M	-338.0M	-265.0M	-475.0M
Total Investing Cash Inflow	178.0M	11.3M	2.3M	886.0M	26.0M	27.4M	1.3B	1.5B	1.4B	714.0M	181.0M	616.0M	153.0M	277,800	162.0M	191,000	66.0M	19.2M	2.2M	7.9M
Total Investing Cash Outflow	127.0M	132.0M	41.6M	262.0M	320.0M	40.3M	53.5M	144.0M	344.0M	594.0M	44.8M	363.0M	921.0M	310.0M	834.0M	212.0M	259.0M	282.0M	125.0M	44.0M
Investing Cash Flow	51.0M	-121.0M	-39.3M	624.0M	-294.0M	-12.9M	1.2B	1.4B	1.0B	120.0M	136.0M	252.0M	-768.0M	-310.0M	-673.0M	-212.0M	-193.0M	-263.0M	-123.0M	-36.1M
Cash From Borrowings	845.0M	1.3B	1.5B	2.3B	2.1B	660.0M	760.0M	1.4B	2.1B	6.2B	8.5B	9.3B	7.0B	5.0B	4.2B	4.0B	2.7B	3.2B	1.8B	1.4B
Dividends And Interest Paid	321.0M	300.0M	259.0M	306.0M	266.0M	307.0M	418.0M	510.0M	600.0M	750.0M	1.0B	1.0B	740.0M	502.0M	253.0M	189.0M	187.0M	208.0M	129.0M	97.2M
Debt Repayments	1.2B	2.5B	1.8B	2.5B	2.4B	1.5B	1.7B	3.4B	5.0B	8.9B	7.7B	6.4B	4.5B	3.3B	3.1B	3.2B	2.5B	2.6B	1.6B	824.0M
Total Financing Cash Inflow	846.0M	1.4B	1.6B	2.3B	2.1B	753.0M	765.0M	1.5B	2.1B	7.7B	8.8B	9.3B	7.2B	5.4B	4.4B	4.0B	2.7B	3.2B	2.7B	1.4B
Total Financing Cash Outflow	1.6B	2.8B	2.2B	2.8B	2.7B	1.8B	2.2B	3.9B	5.6B	9.6B	8.8B	7.4B	5.2B	3.8B	3.3B	3.4B	2.7B	2.8B	1.7B	927.0M
Financing Cash Flow	-737.0M	-1.5B	-595.0M	-519.0M	-643.0M	-1.1B	-1.4B	-2.5B	-3.5B	-1.9B	-49.9M	1.9B	2.0B	1.5B	1.0B	630.0M	-8.6M	383.0M	981.0M	489.0M
Net Change In Cash	954.0M	249.0M	1.2B	1.1B	-234.0M	-91.9M	186.0M	186.0M	120.0M	545.0M	625.0M	-505.0M	-154.0M	501.0M	-264.0M	201.0M	334.0M	-225.0M	591.0M	-25.4M
Ending Cash Balance	5.5B	4.6B	4.3B	3.1B	2.0B	2.3B	2.4B	2.2B	2.0B	1.9B	1.3B	704.0M	1.2B	1.4B	861.0M	1.1B	925.0M	591.0M	803.0M	212.0M
Capex	19.1M	23.8M	30.6M	28.2M	18.6M	35.3M	43.9M	143.0M	344.0M	541.0M	41.8M	77.8M	118.0M	185.0M	388.0M	205.0M	144.0M	136.0M	125.0M	50.0M