思源电气 - Financials

思源电气 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	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	FY 2005Dec 31, 2005
+Revenue	15.5B	12.5B	10.5B	8.7B	7.4B	6.4B	4.8B	4.5B	4.4B	4.0B	3.7B	3.4B	2.9B	2.0B	1.9B	1.9B	1.5B	1.2B	799.0M	556.0M
Revenue Growth %	24.1%	18.2%	21.2%	17.9%	15.6%	32.7%	6.9%	2.1%	10.2%	8.9%	8.4%	17.1%	46.8%	5.0%	-0.6%	23.5%	27.7%	49.9%	43.7%	--
Total Revenue	15.5B	12.5B	10.5B	8.7B	7.4B	6.4B	4.8B	4.5B	4.4B	4.0B	3.7B	3.4B	2.9B	2.0B	1.9B	1.9B	1.5B	1.2B	799.0M	556.0M
Cost Of Revenue	10.6B	8.8B	7.8B	6.0B	5.2B	4.5B	3.3B	3.0B	2.9B	2.7B	2.3B	2.0B	1.7B	1.2B	1.1B	1.0B	883.0M	643.0M	415.0M	303.0M
+Gross Profit	4.8B	3.7B	2.8B	2.6B	2.2B	1.9B	1.5B	1.5B	1.6B	1.3B	1.4B	1.4B	1.2B	722.0M	782.0M	842.0M	647.0M	555.0M	384.0M	253.0M
Gross Margin %	31.2%	29.5%	26.3%	30.5%	29.3%	29.3%	30.6%	32.4%	35.3%	33.7%	37.2%	40.2%	39.8%	36.6%	41.7%	44.6%	42.3%	46.3%	48.1%	45.5%
Total Operating Cost	13.3B	10.9B	9.3B	7.4B	6.4B	5.8B	4.6B	4.3B	4.0B	3.7B	3.3B	3.0B	2.6B	1.8B	1.6B	1.5B	1.2B	961.0M	629.0M	452.0M
Selling Expenses	768.0M	582.0M	465.0M	415.0M	410.0M	671.0M	573.0M	580.0M	560.0M	513.0M	465.0M	471.0M	457.0M	295.0M	245.0M	214.0M	155.0M	137.0M	119.0M	75.3M
Admin Expenses	449.0M	358.0M	215.0M	253.0M	204.0M	251.0M	228.0M	199.0M	507.0M	442.0M	465.0M	465.0M	398.0M	277.0M	236.0M	222.0M	168.0M	151.0M	86.4M	73.3M
Rd Expenses	1.1B	917.0M	673.0M	556.0M	425.0M	387.0M	345.0M	354.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-6.8M	-3.0M	-9.9M	20.5M	41.0M	7.6M	-33.2M	33.0M	-20.4M	-6.5M	-3.8M	-14.6M	-8.3M	-15.8M	-14.9M	-595,100	11.3M	13.7M	2.3M	-3.2M
+Operating Income	2.4B	1.8B	1.3B	1.4B	1.1B	628.0M	275.0M	277.0M	429.0M	432.0M	513.0M	414.0M	275.0M	163.0M	665.0M	1.1B	372.0M	316.0M	169.0M	106.0M
Operating Margin %	15.7%	14.3%	12.7%	16.2%	15.1%	9.8%	5.7%	6.2%	9.7%	10.8%	14.0%	12.2%	9.5%	8.3%	35.4%	57.8%	24.3%	26.4%	21.2%	19.1%
Non Operating Income	8.9M	4.4M	6.2M	8.7M	6.0M	9.4M	47.2M	24.3M	59.2M	56.4M	51.2M	57.6M	68.9M	30.7M	60.0M	35.9M	33.6M	26.8M	28.7M	1.2M
Non Operating Expenses	10.6M	11.1M	17.0M	11.9M	6.3M	5.5M	5.1M	2.7M	13.4M	3.4M	1.9M	2.1M	2.8M	769,400	6.2M	1.6M	2.6M	1.6M	1.2M	277,400
Investment Income	47.2M	19.8M	6.5M	10.9M	8.8M	4.8M	29.5M	24.2M	38.2M	94.0M	160.0M	43.3M	20.8M	27.9M	396.0M	711.0M	77.7M	79.3M	121,800	6,991
Fair Value Change Income	29.2M	13.4M	-38.2M	10.4M	17.7M	3.7M	--	-34,700	2,800	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	793,500	753,100	1.1M	-651,200	3.8M	467,700	580,100	-178,900	1.4M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	152.0M	131.0M	-4.3M	18.2M	-7.7M	10.6M	132.0M	52.7M	79.6M	36.7M	62.6M	41.3M	31.3M	15.3M	34.2M	10.7M	7.2M	9.0M	3.5M	--
Other Income	218.0M	212.0M	115.0M	98.9M	85.5M	75.6M	54.6M	54.9M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	2.4B	1.8B	1.3B	1.4B	1.1B	632.0M	317.0M	299.0M	475.0M	485.0M	562.0M	469.0M	341.0M	193.0M	719.0M	1.1B	403.0M	341.0M	197.0M	118.0M
Income Tax	346.0M	163.0M	43.5M	131.0M	121.0M	55.9M	23.4M	21.5M	72.8M	56.3M	58.5M	63.1M	52.7M	23.5M	131.0M	144.0M	37.9M	39.5M	29.7M	24.8M
+Net Income	2.1B	1.6B	1.3B	1.3B	994.0M	576.0M	294.0M	277.0M	402.0M	429.0M	504.0M	406.0M	289.0M	169.0M	588.0M	982.0M	365.0M	302.0M	167.0M	93.4M
Net Margin %	13.5%	12.9%	12.2%	14.6%	13.5%	9.0%	6.1%	6.2%	9.1%	10.7%	13.7%	12.0%	10.0%	8.6%	31.3%	52.0%	23.9%	25.2%	20.9%	16.8%
Net Income Attributable	2.0B	1.6B	1.2B	1.2B	933.0M	558.0M	295.0M	249.0M	351.0M	382.0M	456.0M	347.0M	248.0M	154.0M	554.0M	950.0M	346.0M	272.0M	150.0M	84.2M
Minority Interest	35.8M	49.3M	67.1M	74.6M	60.5M	18.2M	-642,600	28.1M	50.4M	46.5M	47.6M	59.1M	40.5M	15.5M	33.5M	32.1M	18.8M	29.2M	17.5M	9.2M
Eps Basic	2.64	2.02	1.59	1.57	1.23	0.73	0.39	0.33	0.49	0.51	0.74	0.56	0.56	0.35	1.26	2.16	0.79	1.03	1.41	0.79
Eps Diluted	2.64	2.02	1.59	1.57	1.23	0.73	0.39	0.33	0.46	0.50	0.72	0.55	0.56	0.35	1.26	2.16	0.79	1.03	1.41	--

Line Item	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	FY 2005Dec 31, 2005
Cash And Equivalents	4.0B	3.3B	2.5B	1.9B	2.2B	1.7B	1.3B	1.4B	1.4B	1.1B	677.0M	1.0B	1.1B	1.1B	1.6B	1.5B	512.0M	636.0M	181.0M	251.0M
Trading Financial Assets	2.7B	1.6B	1.2B	161.0M	121.0M	284.0M	--	--	308,700	--	105.0M	92.3M	--	--	--	--	--	--	--	--
Accounts Receivable	5.8B	4.3B	3.5B	2.7B	2.1B	2.5B	2.6B	2.3B	2.3B	1.9B	1.9B	1.5B	1.1B	723.0M	677.0M	616.0M	505.0M	381.0M	250.0M	207.0M
Notes Receivable	846.0M	982.0M	974.0M	918.0M	707.0M	537.0M	320.0M	261.0M	225.0M	233.0M	186.0M	154.0M	100.0M	56.8M	49.8M	18.7M	15.4M	19.3M	6.4M	1.2M
Notes And Accounts Receivable	6.6B	5.3B	4.5B	3.6B	2.8B	3.1B	2.9B	2.6B	2.5B	2.1B	2.1B	1.6B	1.2B	780.0M	727.0M	635.0M	521.0M	400.0M	256.0M	208.0M
Prepayments	534.0M	336.0M	405.0M	283.0M	155.0M	117.0M	90.9M	64.8M	46.7M	31.6M	21.2M	15.6M	17.8M	35.7M	78.8M	25.4M	166.0M	41.8M	189.0M	36.1M
Inventory	3.5B	2.9B	2.5B	2.6B	1.9B	1.5B	1.1B	800.0M	826.0M	917.0M	730.0M	655.0M	724.0M	631.0M	451.0M	386.0M	346.0M	307.0M	197.0M	132.0M
Total Current Assets	18.9B	14.8B	12.1B	9.5B	8.1B	6.8B	5.6B	5.7B	5.5B	5.2B	4.4B	4.0B	3.5B	3.0B	3.3B	2.6B	1.6B	1.4B	920.0M	644.0M
Long Term Equity Investment	2.9M	2.7M	2.5M	3.6M	4.0M	3.9M	9.8M	31.4M	36.2M	3.1M	40.4M	37.1M	50.4M	52.9M	54.8M	35.2M	25.3M	22.0M	897,300	775,500
Fixed Assets	--	1.6B	1.2B	743.0M	509.0M	513.0M	528.0M	541.0M	556.0M	607.0M	591.0M	433.0M	393.0M	396.0M	375.0M	374.0M	227.0M	225.0M	194.0M	112.0M
Fixed Assets Total	2.4B	1.6B	1.2B	743.0M	509.0M	513.0M	528.0M	541.0M	556.0M	607.0M	591.0M	433.0M	393.0M	396.0M	375.0M	374.0M	227.0M	225.0M	194.0M	112.0M
Construction In Progress	--	106.0M	151.0M	309.0M	158.0M	20.0M	8.0M	1.0M	11.8M	6.9M	30.7M	110.0M	12.5M	2.6M	1.9M	2.0M	24.2M	224,000	2.8M	58.1M
Construction In Progress Total	312.0M	106.0M	151.0M	309.0M	158.0M	20.0M	8.0M	1.0M	11.8M	6.9M	30.7M	110.0M	12.5M	2.6M	1.9M	2.0M	24.2M	224,000	2.8M	58.1M
Intangible Assets	572.0M	482.0M	394.0M	289.0M	256.0M	249.0M	172.0M	189.0M	201.0M	189.0M	191.0M	176.0M	183.0M	139.0M	82.7M	81.2M	21.0M	22.6M	16.1M	5.3M
Long Term Deferred Expenses	51.1M	45.2M	19.9M	11.0M	1.8M	3.0M	4.8M	--	--	--	--	--	--	--	--	--	367,400	98,400	180,800	900.00
Total Non Current Assets	4.6B	4.0B	3.6B	4.4B	3.0B	2.0B	2.0B	1.1B	970.0M	965.0M	1.0B	1.0B	829.0M	799.0M	796.0M	1.2B	1.4B	1.4B	539.0M	176.0M
Total Assets	23.5B	18.7B	15.7B	13.9B	11.1B	8.8B	7.6B	6.8B	6.5B	6.2B	5.4B	5.0B	4.3B	3.8B	4.1B	3.9B	3.0B	2.9B	1.5B	820.0M
Short Term Borrowings	149.0M	81.8M	109.0M	43.3M	52.9M	25.0M	105.0M	--	--	--	--	20.0M	30.0M	--	--	--	130.0M	270.0M	275.0M	5.1M
Accounts Payable	4.7B	4.0B	3.3B	2.7B	2.1B	1.9B	1.4B	1.2B	1.0B	1.1B	1.0B	771.0M	702.0M	561.0M	441.0M	387.0M	266.0M	230.0M	184.0M	154.0M
Advance Receipts	--	--	--	--	--	591.0M	528.0M	383.0M	333.0M	350.0M	307.0M	335.0M	241.0M	181.0M	136.0M	103.0M	95.8M	71.3M	71.0M	48.3M
Contract Liabilities	2.4B	1.5B	775.0M	713.0M	630.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	10.6B	7.9B	6.0B	5.0B	4.2B	3.6B	2.8B	2.2B	2.1B	2.0B	1.6B	1.5B	1.3B	929.0M	959.0M	789.0M	674.0M	802.0M	703.0M	341.0M
Long Term Borrowings	28.0M	30.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	200.0M	217.0M	263.0M	307.0M	160.0M	50.8M	30.2M	38.1M	42.4M	38.2M	38.7M	51.1M	37.5M	40.2M	54.5M	70.1M	89.5M	190.0M	93.3M	--
Total Liabilities	10.8B	8.1B	6.3B	5.3B	4.4B	3.6B	2.9B	2.3B	2.1B	2.1B	1.7B	1.6B	1.3B	969.0M	1.0B	859.0M	763.0M	993.0M	797.0M	341.0M
Paid In Capital	778.0M	774.0M	770.0M	766.0M	763.0M	760.0M	760.0M	760.0M	759.0M	626.0M	621.0M	440.0M	440.0M	440.0M	440.0M	440.0M	275.0M	172.0M	106.0M	106.0M
Capital Reserve	408.0M	159.0M	277.0M	204.0M	127.0M	70.5M	62.1M	76.6M	81.4M	168.0M	137.0M	265.0M	287.0M	290.0M	344.0M	669.0M	1.0B	1.1B	197.0M	153.0M
Surplus Reserve	331.0M	329.0M	383.0M	382.0M	382.0M	370.0M	359.0M	323.0M	301.0M	268.0M	240.0M	216.0M	195.0M	176.0M	160.0M	89.0M	56.8M	40.5M	29.2M	45.2M
Retained Earnings	10.9B	9.1B	7.3B	5.8B	4.7B	3.9B	3.4B	3.2B	3.1B	2.9B	2.6B	2.2B	1.9B	1.8B	2.0B	1.7B	802.0M	506.0M	283.0M	136.0M
Minority Equity	276.0M	282.0M	265.0M	228.0M	190.0M	156.0M	137.0M	146.0M	156.0M	190.0M	201.0M	224.0M	168.0M	160.0M	178.0M	139.0M	105.0M	99.2M	47.0M	39.4M
Equity Attributable	12.4B	10.4B	9.2B	8.4B	6.5B	5.0B	4.6B	4.4B	4.2B	3.9B	3.6B	3.2B	2.9B	2.7B	2.9B	2.9B	2.1B	1.8B	615.0M	439.0M
Total Equity	12.7B	10.7B	9.4B	8.6B	6.7B	5.2B	4.7B	4.5B	4.4B	4.1B	3.8B	3.4B	3.0B	2.8B	3.1B	3.0B	2.3B	1.9B	662.0M	479.0M

Line Item	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	FY 2005Dec 31, 2005
Cash From Sales	15.3B	12.3B	9.9B	8.1B	7.2B	6.6B	4.8B	5.0B	4.2B	4.2B	3.3B	3.3B	2.7B	2.2B	2.0B	2.0B	1.6B	1.3B	872.0M	632.0M
Tax Refunds Received	261.0M	199.0M	199.0M	133.0M	115.0M	66.6M	60.6M	47.6M	30.0M	16.0M	14.8M	9.2M	8.2M	3.4M	5.6M	5.1M	6.3M	6.6M	4.3M	4.4M
Total Operating Cash Inflow	15.8B	12.8B	10.2B	8.3B	7.4B	6.8B	4.9B	5.2B	4.3B	4.3B	3.4B	3.4B	2.8B	2.3B	2.1B	2.1B	1.6B	1.3B	925.0M	651.0M
Cash Paid For Goods	9.3B	7.4B	6.5B	5.6B	4.7B	3.8B	2.9B	2.9B	2.6B	2.3B	1.9B	1.8B	1.5B	1.3B	1.0B	923.0M	910.0M	760.0M	516.0M	338.0M
Cash Paid To Employees	1.8B	1.5B	1.2B	1.0B	845.0M	821.0M	726.0M	685.0M	635.0M	608.0M	555.0M	516.0M	409.0M	290.0M	241.0M	178.0M	129.0M	84.0M	57.2M	43.4M
Taxes Paid	1.1B	838.0M	762.0M	556.0M	488.0M	343.0M	336.0M	391.0M	299.0M	304.0M	389.0M	301.0M	236.0M	359.0M	304.0M	224.0M	205.0M	136.0M	83.1M	55.2M
Total Operating Cash Outflow	13.3B	10.5B	9.2B	7.9B	6.6B	6.0B	4.8B	4.7B	4.1B	3.8B	3.4B	3.1B	2.6B	2.4B	1.9B	1.6B	1.4B	1.2B	812.0M	543.0M
Operating Cash Flow	2.5B	2.3B	1.1B	383.0M	818.0M	831.0M	174.0M	486.0M	170.0M	535.0M	-16.2M	326.0M	137.0M	-96.3M	169.0M	421.0M	191.0M	102.0M	113.0M	108.0M
Total Investing Cash Inflow	8.9B	5.0B	3.0B	3.4B	2.0B	1.9B	3.7B	3.3B	2.8B	3.7B	2.8B	1.3B	1.5B	2.8B	1.4B	890.0M	106.0M	106.0M	53.9M	--
Total Investing Cash Outflow	10.6B	5.8B	3.4B	3.9B	2.2B	2.3B	4.1B	3.6B	2.5B	3.8B	3.0B	1.6B	1.6B	2.8B	1.4B	85.9M	220.0M	85.1M	285.0M	114.0M
Investing Cash Flow	-1.7B	-749.0M	-450.0M	-553.0M	-188.0M	-382.0M	-379.0M	-341.0M	243.0M	-37.2M	-237.0M	-327.0M	-134.0M	-11.0M	20.3M	804.0M	-114.0M	21.1M	-231.0M	-114.0M
Cash From Borrowings	154.0M	108.0M	121.0M	43.7M	62.9M	19.1M	105.0M	--	--	607,700	--	20.0M	30.0M	--	--	180.0M	505.0M	285.0M	290.0M	11.1M
Dividends And Interest Paid	353.0M	299.0M	188.0M	187.0M	103.0M	83.5M	95.5M	107.0M	203.0M	98.8M	133.0M	66.5M	76.3M	384.0M	92.9M	74.7M	60.2M	56.1M	25.2M	21.3M
Debt Repayments	95.7M	136.0M	50.0M	52.9M	13.9M	105.0M	87.1M	--	--	--	20.0M	30.0M	--	--	--	310.0M	645.0M	290.0M	59.9M	14.9M
Total Financing Cash Inflow	295.0M	154.0M	165.0M	78.3M	99.6M	19.8M	125.0M	17.0M	49.2M	65.4M	39.8M	39.1M	30.0M	0.00	10.4M	180.0M	505.0M	702.0M	294.0M	16.1M
Total Financing Cash Outflow	494.0M	765.0M	253.0M	249.0M	117.0M	189.0M	183.0M	115.0M	218.0M	98.8M	153.0M	96.5M	76.3M	384.0M	92.9M	385.0M	705.0M	370.0M	245.0M	36.3M
Financing Cash Flow	-199.0M	-612.0M	-87.5M	-171.0M	-17.6M	-169.0M	-57.4M	-97.9M	-168.0M	-33.3M	-113.0M	-57.3M	-46.3M	-384.0M	-82.5M	-205.0M	-200.0M	332.0M	48.5M	-20.1M
Net Change In Cash	550.0M	895.0M	546.0M	-347.0M	581.0M	278.0M	-232.0M	9.7M	266.0M	472.0M	-366.0M	-59.6M	-43.8M	-491.0M	106.0M	1.0B	-124.0M	455.0M	-69.6M	-26.1M
Ending Cash Balance	3.7B	3.1B	2.3B	1.7B	2.1B	1.5B	1.2B	1.4B	1.4B	1.1B	677.0M	1.0B	1.1B	1.1B	1.6B	1.5B	512.0M	636.0M	181.0M	--
Capex	922.0M	733.0M	445.0M	540.0M	317.0M	147.0M	59.3M	52.4M	66.2M	78.8M	134.0M	230.0M	115.0M	80.3M	113.0M	80.9M	188.0M	48.8M	97.9M	118.0M