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协鑫能科 — 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 9.8B 10.4B 11.0B 11.3B 11.4B
Revenue Growth % -5.4% -5.4% -3.3% -0.6% --
Total Revenue 9.8B 10.4B 11.0B 11.3B 11.4B
Cost Of Revenue 7.1B 8.0B 9.2B 8.7B 8.5B
+Gross Profit 2.7B 2.3B 1.8B 2.6B 2.8B
Gross Margin % 27.7% 22.4% 16.2% 22.9% 25.0%
Total Operating Cost 9.3B 10.0B 11.1B 10.5B 10.2B
Selling Expenses 108.0M 124.0M 99.7M 63.7M 45.7M
Admin Expenses 855.0M 873.0M 634.0M 630.0M 518.0M
Rd Expenses 30.4M 31.6M 21.9M 15.5M 12.2M
Finance Expenses 716.0M 773.0M 996.0M 880.0M 661.0M
+Operating Income 944.0M 1.3B 730.0M 1.5B 1.4B
Operating Margin % 9.6% 12.6% 6.7% 13.6% 11.9%
Non Operating Income 51.2M 41.5M 7.2M 21.2M 177.0M
Non Operating Expenses 59.4M 65.2M 11.3M 30.1M 3.8M
Investment Income 280.0M 906.0M 596.0M 465.0M 55.1M
Fair Value Change Income 5.2M -- 1.7M 3.0M -153,800
Asset Disposal Income 58.2M -29.9M 3.3M 91.4M 7.9M
Asset Impairment Loss 262.0M 72.5M 17.7M 49.1M 311.0M
Other Income 70.0M 97.2M 229.0M 127.0M 88.9M
Income Before Tax 936.0M 1.3B 726.0M 1.5B 1.5B
Income Tax 354.0M 302.0M 66.4M 247.0M 466.0M
+Net Income 582.0M 975.0M 660.0M 1.3B 1.1B
Net Margin % 5.9% 9.4% 6.0% 11.3% 9.3%
Net Income Attributable 489.0M 921.0M 684.0M 1.0B 824.0M
Minority Interest 93.1M 53.5M -24.1M 267.0M 234.0M
Eps Basic 0.30 0.57 0.44 0.75 0.61
Eps Diluted 0.30 0.57 0.44 0.75 0.61
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 4.2B 3.2B 3.9B 3.0B 3.0B
Trading Financial Assets 5.2M -- -- -- --
Accounts Receivable 4.9B 4.2B 3.6B 2.6B 1.9B
Notes Receivable 151.0M 134.0M 163.0M -- --
Notes And Accounts Receivable 5.0B 4.3B 3.7B 2.6B 1.9B
Prepayments 264.0M 233.0M 340.0M 227.0M 1.0B
Inventory 640.0M 412.0M 401.0M 276.0M 215.0M
Total Current Assets 12.0B 9.5B 9.5B 7.3B 7.3B
Long Term Equity Investment 2.4B 2.9B 2.5B 1.5B 1.6B
Fixed Assets -- 13.1B 13.5B 12.2B 14.4B
Fixed Assets Total 18.2B 13.1B 13.5B 12.2B 14.4B
Construction In Progress -- 2.2B 1.4B 775.0M 3.7B
Construction In Progress Total 1.9B 2.5B 1.4B 775.0M 3.8B
Intangible Assets 2.7B 2.5B 1.8B 1.8B 1.7B
Long Term Deferred Expenses 130.0M 57.0M 29.1M 121,700 632,100
Total Non Current Assets 28.5B 24.4B 22.9B 20.4B 22.6B
Total Assets 40.5B 34.0B 32.4B 27.6B 29.9B
Short Term Borrowings 4.0B 3.2B 2.5B 2.2B 2.7B
Accounts Payable 1.1B 994.0M 742.0M 830.0M 267.0M
Advance Receipts 15.8M -- -- -- --
Contract Liabilities 232.0M 104.0M 102.0M 96.9M 871.0M
Total Current Liabilities 12.4B 9.7B 8.2B 7.6B 8.9B
Long Term Borrowings 8.6B 6.2B 6.7B 5.8B 5.5B
Total Non Current Liabilities 14.6B 10.5B 11.4B 11.9B 12.3B
Total Liabilities 27.0B 20.2B 19.7B 19.5B 21.2B
Paid In Capital 1.6B 1.6B 1.6B 1.4B 1.4B
Capital Reserve 8.6B 9.0B 8.0B 3.9B 4.0B
Surplus Reserve 280.0M 232.0M 178.0M 85.9M 84.8M
Retained Earnings 1.7B 1.5B 1.0B 855.0M 540.0M
Minority Equity 1.7B 1.9B 1.9B 1.9B 2.7B
Equity Attributable 11.7B 11.9B 10.8B 6.2B 6.0B
Total Equity 13.5B 13.7B 12.7B 8.1B 8.7B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 10.5B 12.2B 11.1B 9.8B 11.8B
Tax Refunds Received 39.1M 65.5M 280.0M 83.0M 87.0M
Total Operating Cash Inflow 11.5B 13.4B 11.6B 10.1B 12.1B
Cash Paid For Goods 6.2B 8.6B 8.4B 6.2B 7.8B
Cash Paid To Employees 881.0M 852.0M 807.0M 700.0M 610.0M
Taxes Paid 833.0M 647.0M 637.0M 745.0M 1.0B
Total Operating Cash Outflow 9.1B 11.0B 10.4B 8.0B 9.7B
Operating Cash Flow 2.4B 2.4B 1.2B 2.1B 2.4B
Total Investing Cash Inflow 1.6B 2.6B 1.0B 1.8B 832.0M
Total Investing Cash Outflow 6.8B 4.0B 3.6B 1.8B 4.0B
Investing Cash Flow -5.2B -1.4B -2.6B 2.3M -3.2B
Cash From Borrowings 9.6B 5.4B 5.3B 6.2B 5.1B
Dividends And Interest Paid 824.0M 838.0M 910.0M 902.0M 961.0M
Debt Repayments 7.0B 4.3B 4.0B 6.2B 5.5B
Total Financing Cash Inflow 17.5B 8.6B 11.5B 8.2B 9.3B
Total Financing Cash Outflow 13.9B 10.5B 9.2B 10.1B 8.3B
Financing Cash Flow 3.6B -1.8B 2.3B -1.9B 1.0B
Net Change In Cash 754.0M -829.0M 907.0M 245.0M 186.0M
Ending Cash Balance 3.5B 2.8B 3.5B 2.5B 2.2B
Capex 6.2B 3.3B 1.5B 1.7B 3.7B
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