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海陆重工 — 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 2.8B 2.8B 2.4B 2.5B 2.0B
Revenue Growth % -0.2% 18.2% -6.6% 25.1% --
Total Revenue 2.8B 2.8B 2.4B 2.5B 2.0B
Cost Of Revenue 2.1B 2.1B 1.8B 1.9B 1.4B
+Gross Profit 706.0M 712.0M 598.0M 635.0M 594.0M
Gross Margin % 25.3% 25.5% 25.3% 25.1% 29.3%
Total Operating Cost 2.4B 2.4B 2.0B 2.2B 1.8B
Selling Expenses 46.0M 43.5M 35.9M 34.4M 34.0M
Admin Expenses 102.0M 97.0M 88.4M 87.3M 84.1M
Rd Expenses 117.0M 116.0M 95.6M 94.2M 54.5M
Finance Expenses -10.8M -773,100 -113,900 2.2M 29.4M
+Operating Income 441.0M 412.0M 370.0M 353.0M 850.0M
Operating Margin % 15.8% 14.7% 15.6% 13.9% 42.0%
Non Operating Income 188,200 1.8M 4.0M 5.7M 8.8M
Non Operating Expenses 7.7M 14.2M 11.5M 11.3M 15.1M
Investment Income -242,500 -341,300 2.5M 3.7M 541.0M
Fair Value Change Income 143,500 -- -- -- --
Asset Disposal Income 1,100 64,500 1.5M 43,300 20.3M
Asset Impairment Loss 9.5M 11.6M 18.1M 11.3M 26.2M
Other Income 29.9M 30.4M 25.6M 20.5M 22.2M
Income Before Tax 434.0M 399.0M 363.0M 347.0M 843.0M
Income Tax 54.6M 50.6M 13.5M 3.4M 79.3M
+Net Income 379.0M 349.0M 350.0M 344.0M 764.0M
Net Margin % 13.6% 12.5% 14.8% 13.6% 37.7%
Net Income Attributable 377.0M 340.0M 337.0M 330.0M 760.0M
Minority Interest 2.0M 8.2M 12.8M 14.2M 4.5M
Eps Basic 0.45 0.40 0.40 0.39 0.90
Eps Diluted 0.45 0.40 0.40 0.39 0.90
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 1.7B 1.1B 941.0M 583.0M 469.0M
Trading Financial Assets 31.0M 65.0M 21.0M 16.0M 12.9M
Accounts Receivable 1.0B 1.0B 933.0M 935.0M 832.0M
Notes Receivable 47.4M 40.6M 13.6M 13.6M 2.3M
Notes And Accounts Receivable 1.1B 1.1B 947.0M 948.0M 834.0M
Prepayments 165.0M 191.0M 219.0M 125.0M 111.0M
Inventory 1.7B 1.5B 1.4B 1.1B 950.0M
Total Current Assets 5.1B 4.5B 4.0B 3.4B 2.8B
Long Term Equity Investment 43.1M 148.0M 151.0M 53.4M 54.4M
Fixed Assets -- 1.1B 1.2B 1.3B --
Fixed Assets Total 1.1B 1.1B 1.2B 1.3B 1.4B
Construction In Progress -- 16.8M 3.2M 8.9M --
Construction In Progress Total 19.6M 16.8M 3.2M 8.9M 3.8M
Intangible Assets 143.0M 144.0M 148.0M 152.0M 155.0M
Long Term Deferred Expenses 10.6M 7.3M 5.6M 4.7M 8.6M
Total Non Current Assets 1.8B 1.9B 2.0B 2.0B 2.0B
Total Assets 6.9B 6.4B 6.0B 5.4B 4.9B
Short Term Borrowings 10.0M 5.0M -- -- --
Accounts Payable 480.0M 596.0M 538.0M 541.0M 491.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 1.7B 1.4B 1.4B 1.1B 991.0M
Total Current Liabilities 2.7B 2.5B 2.4B 2.2B 2.0B
Long Term Borrowings -- -- -- -- --
Total Non Current Liabilities 161.0M 172.0M 175.0M 186.0M 156.0M
Total Liabilities 2.9B 2.7B 2.6B 2.4B 2.1B
Paid In Capital 831.0M 842.0M 842.0M 842.0M 842.0M
Capital Reserve 2.3B 2.3B 2.3B 2.3B 2.3B
Surplus Reserve 99.4M 99.4M 99.4M 99.4M 99.4M
Retained Earnings 892.0M 515.0M 175.0M -162.0M -492.0M
Minority Equity 67.2M 66.9M 52.1M 39.1M 25.6M
Equity Attributable 4.0B 3.7B 3.4B 3.0B 2.7B
Total Equity 4.1B 3.8B 3.4B 3.1B 2.7B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 2.8B 2.3B 2.2B 1.9B 1.7B
Tax Refunds Received 398,900 4.4M 54.4M 4.9M 5.1M
Total Operating Cash Inflow 2.8B 2.3B 2.3B 1.9B 1.7B
Cash Paid For Goods 1.7B 1.5B 1.4B 1.4B 1.0B
Cash Paid To Employees 225.0M 213.0M 186.0M 164.0M 154.0M
Taxes Paid 118.0M 151.0M 111.0M 105.0M 82.5M
Total Operating Cash Outflow 2.2B 2.0B 1.8B 1.7B 1.3B
Operating Cash Flow 684.0M 323.0M 498.0M 156.0M 380.0M
Total Investing Cash Inflow 589.0M 261.0M 109.0M 192.0M 440.0M
Total Investing Cash Outflow 287.0M 651.0M 256.0M 222.0M 304.0M
Investing Cash Flow 301.0M -390.0M -147.0M -29.9M 136.0M
Cash From Borrowings 14.9M 5.0M -- -- 230.0M
Dividends And Interest Paid 97,400 189,800 21,000 1.7M 15.5M
Debt Repayments 9.9M -- -- 39.1M 615.0M
Total Financing Cash Inflow 16.9M 9.4M -- 43.0M 294.0M
Total Financing Cash Outflow 72.1M 7.4M 8.5M 47.3M 759.0M
Financing Cash Flow -55.2M 2.0M -8.5M -4.3M -465.0M
Net Change In Cash 928.0M -59.4M 347.0M 119.0M 50.5M
Ending Cash Balance 1.6B 701.0M 760.0M 413.0M 294.0M
Capex 48.3M 34.1M 48.2M 33.5M 33.6M
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