华明装备 - Financials

华明装备 — 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	2.4B	2.3B	2.0B	1.7B	1.5B	1.4B	1.2B	1.2B	1.8B	1.0B	603.0M	572.0M	366.0M	307.0M	361.0M	316.0M	396.0M	313.0M	257.0M	185.0M
Revenue Growth %	4.5%	18.4%	14.5%	11.7%	12.0%	13.7%	3.8%	-35.9%	74.4%	72.0%	5.4%	56.3%	19.2%	-15.0%	14.2%	-20.2%	26.5%	21.8%	38.9%	--
Total Revenue	2.4B	2.3B	2.0B	1.7B	1.5B	1.4B	1.2B	1.2B	1.8B	1.0B	603.0M	572.0M	366.0M	307.0M	361.0M	316.0M	396.0M	313.0M	257.0M	185.0M
Cost Of Revenue	1.1B	1.2B	943.0M	868.0M	790.0M	723.0M	603.0M	655.0M	1.2B	540.0M	214.0M	216.0M	261.0M	212.0M	248.0M	208.0M	257.0M	198.0M	150.0M	108.0M
+Gross Profit	1.3B	1.1B	1.0B	844.0M	742.0M	645.0M	600.0M	504.0M	657.0M	497.0M	389.0M	356.0M	105.0M	95.0M	113.0M	108.0M	139.0M	115.0M	107.0M	77.0M
Gross Margin %	54.5%	48.8%	51.9%	49.3%	48.4%	47.1%	49.9%	43.5%	36.3%	47.9%	64.5%	62.2%	28.7%	30.9%	31.3%	34.2%	35.1%	36.7%	41.6%	41.6%
Total Operating Cost	1.6B	1.7B	1.4B	1.3B	1.3B	1.2B	1.1B	1.0B	1.4B	776.0M	370.0M	390.0M	353.0M	300.0M	338.0M	296.0M	331.0M	257.0M	202.0M	142.0M
Selling Expenses	252.0M	210.0M	206.0M	200.0M	196.0M	168.0M	198.0M	123.0M	119.0M	99.0M	80.0M	94.9M	41.3M	39.7M	44.0M	41.1M	40.3M	29.3M	23.8M	15.2M
Admin Expenses	170.0M	144.0M	136.0M	131.0M	123.0M	109.0M	101.0M	80.2M	77.4M	109.0M	63.4M	63.0M	42.8M	43.1M	44.1M	44.1M	35.6M	26.2M	25.1M	16.7M
Rd Expenses	88.5M	81.4M	78.5M	69.1M	64.8M	65.6M	42.9M	28.3M	41.2M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-26.1M	-12.6M	-11.2M	9.3M	66.7M	70.6M	67.1M	58.2M	16.6M	-9.1M	888,100	3.6M	-2.9M	-1.7M	-1.5M	-2.6M	-7.7M	275,000	2.4M	-341,900
+Operating Income	834.0M	696.0M	622.0M	407.0M	512.0M	347.0M	163.0M	163.0M	367.0M	263.0M	233.0M	182.0M	13.2M	6.2M	22.9M	20.1M	65.4M	56.2M	55.2M	43.4M
Operating Margin %	34.4%	30.0%	31.7%	23.8%	33.4%	25.4%	13.5%	14.1%	20.3%	25.4%	38.6%	31.8%	3.6%	2.0%	6.3%	6.4%	16.5%	18.0%	21.5%	23.5%
Non Operating Income	22.3M	33.6M	27.2M	22.0M	7.6M	21.6M	10.5M	23.9M	9.4M	18.1M	7.0M	14.0M	8.2M	15.8M	8.9M	12.2M	8.2M	9.4M	798,600	744,900
Non Operating Expenses	8.3M	3.3M	3.4M	10.0M	2.3M	6.6M	4.9M	3.3M	558,600	603,800	224,600	1.3M	286,900	2,700	420,900	322,400	196,400	358,300	207,800	104,600
Investment Income	-12.1M	17.2M	10.8M	3.5M	20.2M	5.2M	8.9M	18.5M	124,200	2.7M	--	--	--	--	--	--	--	--	--	326,300
Fair Value Change Income	6,500	--	6.7M	177,300	283.0M	-1.1M	-1.6M	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	39.1M	-1.3M	-1.6M	430,600	-412,000	185.0M	-868,100	-233,500	481,400	-154,600	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	5.2M	6.2M	2.6M	18.5M	4.7M	55.8M	1.0M	62.9M	28.3M	25.7M	5.0M	6.2M	7.7M	4.9M	3.0M	3.8M	3.7M	938,800	-935,900	977,300
Other Income	6.4M	11.0M	4.0M	2.4M	4.3M	16.0M	6.4M	6.2M	7.6M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	848.0M	727.0M	646.0M	419.0M	518.0M	362.0M	168.0M	183.0M	376.0M	281.0M	239.0M	195.0M	21.2M	22.0M	31.4M	32.0M	73.4M	65.3M	55.8M	44.1M
Income Tax	129.0M	107.0M	95.1M	55.1M	96.5M	70.9M	10.9M	12.0M	70.8M	46.4M	36.2M	31.6M	2.6M	3.0M	4.6M	6.4M	11.3M	8.9M	2.9M	6.4M
+Net Income	720.0M	620.0M	551.0M	364.0M	421.0M	292.0M	158.0M	171.0M	305.0M	234.0M	203.0M	163.0M	18.6M	19.1M	26.8M	25.6M	62.1M	56.4M	52.8M	37.7M
Net Margin %	29.7%	26.7%	28.1%	21.3%	27.5%	21.3%	13.1%	14.8%	16.9%	22.6%	33.7%	28.5%	5.1%	6.2%	7.4%	8.1%	15.7%	18.0%	20.6%	20.4%
Net Income Attributable	710.0M	614.0M	542.0M	359.0M	417.0M	287.0M	151.0M	164.0M	306.0M	237.0M	203.0M	163.0M	18.6M	19.1M	26.8M	25.6M	62.1M	56.4M	52.9M	37.7M
Minority Interest	9.9M	5.5M	8.3M	4.4M	4.1M	4.3M	6.5M	7.2M	-1.2M	-2.8M	-157,500	--	--	--	--	--	--	-2,800	-2,400	--
Eps Basic	0.79	0.69	0.61	0.42	0.55	0.38	0.20	0.22	0.40	0.47	0.72	0.58	0.10	0.10	0.18	0.18	0.43	0.47	0.48	--
Eps Diluted	0.79	0.69	0.61	0.42	0.55	0.38	0.20	0.22	0.40	0.47	0.72	0.58	0.10	0.10	0.18	0.18	0.43	0.47	0.48	--

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	1.3B	1.2B	1.1B	1.0B	762.0M	443.0M	447.0M	553.0M	538.0M	384.0M	600.0M	121.0M	156.0M	132.0M	101.0M	205.0M	227.0M	267.0M	29.4M	34.7M
Trading Financial Assets	2.5M	--	56.3M	170.0M	--	195.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	537.0M	507.0M	426.0M	526.0M	489.0M	659.0M	786.0M	1.1B	905.0M	573.0M	267.0M	113.0M	97.0M	72.6M	85.2M	74.5M	78.2M	58.0M	46.3M	41.5M
Notes Receivable	142.0M	223.0M	233.0M	261.0M	288.0M	306.0M	232.0M	606.0M	678.0M	214.0M	361.0M	289.0M	42.3M	44.7M	37.0M	11.6M	8.5M	14.1M	4.5M	6.4M
Notes And Accounts Receivable	679.0M	730.0M	659.0M	787.0M	777.0M	966.0M	1.0B	1.7B	1.6B	788.0M	629.0M	401.0M	139.0M	117.0M	122.0M	86.1M	86.7M	72.1M	50.8M	48.0M
Prepayments	45.0M	35.8M	97.5M	50.7M	97.4M	207.0M	135.0M	94.7M	73.8M	86.2M	7.0M	9.5M	4.0M	6.9M	6.3M	28.9M	39.8M	27.1M	14.5M	6.2M
Inventory	387.0M	384.0M	365.0M	306.0M	387.0M	380.0M	413.0M	415.0M	372.0M	407.0M	170.0M	96.6M	113.0M	152.0M	144.0M	150.0M	109.0M	125.0M	90.3M	74.3M
Total Current Assets	3.3B	3.0B	3.0B	2.9B	2.6B	2.7B	2.4B	2.9B	2.6B	1.7B	1.5B	633.0M	417.0M	411.0M	377.0M	474.0M	465.0M	502.0M	190.0M	166.0M
Long Term Equity Investment	21.1M	27.2M	138.0M	71.1M	20.7M	20.5M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Fixed Assets	1.0B	861.0M	865.0M	774.0M	816.0M	667.0M	522.0M	344.0M	329.0M	353.0M	374.0M	87.3M	303.0M	290.0M	277.0M	181.0M	169.0M	76.9M	63.8M	78.6M
Fixed Assets Total	1.0B	861.0M	865.0M	774.0M	816.0M	667.0M	522.0M	344.0M	329.0M	353.0M	374.0M	87.3M	303.0M	290.0M	277.0M	181.0M	169.0M	76.9M	63.8M	78.6M
Construction In Progress	123.0M	57.9M	23.0M	121.0M	25.6M	63.1M	144.0M	86.4M	38.6M	8.8M	4.7M	5.5M	4.1M	35.7M	59.7M	68.8M	21.5M	33.6M	14.1M	688,600
Construction In Progress Total	132.0M	57.9M	23.0M	136.0M	25.6M	63.1M	144.0M	86.4M	38.6M	8.8M	4.7M	5.5M	4.1M	35.7M	59.7M	68.8M	21.5M	33.6M	14.1M	688,600
Intangible Assets	154.0M	154.0M	161.0M	213.0M	227.0M	208.0M	198.0M	198.0M	164.0M	168.0M	172.0M	55.8M	78.4M	80.4M	82.5M	84.2M	86.3M	87.8M	89.4M	502,800
Long Term Deferred Expenses	21.9M	29.6M	31.7M	13.6M	6.4M	4.0M	5.0M	6.1M	279,500	375,300	--	--	--	--	--	--	--	--	--	--
Total Non Current Assets	1.9B	1.4B	1.5B	1.6B	1.5B	1.5B	1.5B	1.2B	556.0M	549.0M	569.0M	158.0M	394.0M	416.0M	429.0M	345.0M	287.0M	207.0M	176.0M	80.6M
Total Assets	5.2B	4.5B	4.5B	4.5B	4.1B	4.2B	3.8B	4.0B	3.2B	2.3B	2.0B	792.0M	812.0M	827.0M	806.0M	818.0M	752.0M	709.0M	365.0M	246.0M
Short Term Borrowings	220.0M	120.0M	60.0M	100.0M	323.0M	2.3M	104.0M	317.0M	431.0M	--	50.0M	40.0M	--	--	--	22.5M	--	--	44.2M	--
Accounts Payable	221.0M	268.0M	187.0M	187.0M	140.0M	203.0M	158.0M	206.0M	215.0M	154.0M	77.3M	55.7M	43.5M	51.7M	49.6M	43.8M	40.6M	51.7M	30.2M	23.0M
Advance Receipts	--	--	--	--	--	--	38.3M	25.6M	28.9M	45.2M	33.0M	14.0M	34.2M	60.5M	54.6M	57.4M	45.3M	49.0M	47.7M	21.4M
Contract Liabilities	67.7M	54.4M	83.3M	31.7M	74.5M	32.4M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	1.1B	992.0M	741.0M	762.0M	843.0M	705.0M	530.0M	977.0M	969.0M	368.0M	318.0M	276.0M	193.0M	215.0M	201.0M	220.0M	139.0M	153.0M	163.0M	79.4M
Long Term Borrowings	393.0M	220.0M	220.0M	260.0M	270.0M	164.0M	150.0M	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	955.0M	284.0M	415.0M	362.0M	404.0M	916.0M	903.0M	725.0M	22.6M	28.9M	35.4M	171,600	37.3M	38.8M	44.3M	49.9M	60.2M	51.6M	51.7M	146,600
Total Liabilities	2.0B	1.3B	1.2B	1.1B	1.2B	1.6B	1.4B	1.7B	992.0M	397.0M	353.0M	277.0M	230.0M	254.0M	245.0M	270.0M	200.0M	205.0M	215.0M	79.5M
Paid In Capital	227.0M	227.0M	227.0M	227.0M	90.3M	90.3M	90.3M	90.3M	90.3M	90.3M	90.3M	32.3M	189.0M	189.0M	146.0M	146.0M	146.0M	146.0M	109.0M	3.0M
Capital Reserve	1.2B	1.3B	1.3B	1.3B	919.0M	942.0M	942.0M	954.0M	955.0M	955.0M	955.0M	56.6M	218.0M	218.0M	261.0M	261.0M	261.0M	261.0M	455,900	17.3M
Surplus Reserve	19.0M	19.0M	19.0M	19.0M	19.0M	19.0M	19.0M	17.1M	17.1M	17.1M	15.6M	15.6M	25.0M	23.1M	21.2M	18.5M	16.0M	9.3M	4.0M	22.2M
Retained Earnings	1.8B	1.7B	1.9B	1.8B	1.8B	1.5B	1.3B	1.2B	1.1B	809.0M	614.0M	410.0M	150.0M	143.0M	133.0M	123.0M	129.0M	88.5M	37.3M	124.0M
Minority Equity	30.2M	15.6M	12.7M	4.7M	1.9M	11.2M	6.2M	67.3M	4.4M	6.4M	3.7M	--	--	--	--	--	--	69,800	72,600	51,300
Equity Attributable	3.1B	3.2B	3.4B	3.3B	2.8B	2.6B	2.4B	2.3B	2.2B	1.9B	1.7B	515.0M	582.0M	573.0M	561.0M	549.0M	552.0M	505.0M	151.0M	167.0M
Total Equity	3.2B	3.2B	3.4B	3.3B	2.9B	2.6B	2.4B	2.3B	2.2B	1.9B	1.7B	515.0M	582.0M	573.0M	561.0M	549.0M	552.0M	505.0M	151.0M	167.0M

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	2.3B	2.5B	2.0B	1.6B	1.6B	1.4B	1.3B	1.2B	850.0M	726.0M	480.0M	413.0M	349.0M	319.0M	292.0M	317.0M	437.0M	340.0M	325.0M	211.0M
Tax Refunds Received	23.4M	25.7M	16.0M	29.0M	17.0M	21.5M	8.3M	14.9M	10.9M	11.7M	8.9M	7.9M	1.7M	5.5M	6.1M	2.9M	3.8M	3.4M	--	30,200
Total Operating Cash Inflow	2.3B	2.6B	2.1B	1.7B	1.6B	1.4B	1.3B	1.4B	882.0M	759.0M	496.0M	433.0M	361.0M	333.0M	303.0M	329.0M	456.0M	346.0M	326.0M	212.0M
Cash Paid For Goods	882.0M	890.0M	710.0M	545.0M	683.0M	522.0M	591.0M	455.0M	673.0M	503.0M	121.0M	130.0M	199.0M	173.0M	170.0M	183.0M	279.0M	201.0M	176.0M	140.0M
Cash Paid To Employees	331.0M	309.0M	274.0M	242.0M	228.0M	194.0M	200.0M	163.0M	153.0M	136.0M	73.7M	82.1M	62.8M	54.6M	54.3M	56.2M	47.3M	42.4M	29.8M	18.8M
Taxes Paid	298.0M	249.0M	270.0M	235.0M	248.0M	147.0M	154.0M	169.0M	146.0M	136.0M	110.0M	106.0M	24.7M	23.3M	18.8M	17.1M	32.4M	33.5M	27.2M	9.9M
Total Operating Cash Outflow	1.7B	1.7B	1.5B	1.2B	1.3B	1.0B	1.2B	968.0M	1.1B	890.0M	391.0M	413.0M	321.0M	286.0M	283.0M	293.0M	392.0M	304.0M	259.0M	184.0M
Operating Cash Flow	604.0M	889.0M	622.0M	496.0M	282.0M	411.0M	185.0M	434.0M	-259.0M	-131.0M	105.0M	20.0M	40.1M	47.0M	19.1M	36.7M	64.6M	42.2M	67.3M	28.3M
Total Investing Cash Inflow	233.0M	130.0M	186.0M	167.0M	961.0M	653.0M	85.3M	90.5M	31.1M	362.0M	108.0M	41.2M	5.8M	1.1M	7.2M	128,400	9.2M	50,200	52.0M	326,300
Total Investing Cash Outflow	183.0M	187.0M	180.0M	347.0M	294.0M	993.0M	155.0M	727.0M	32.9M	368.0M	5.9M	11.9M	6.4M	9.8M	87.7M	67.0M	102.0M	56.1M	111.0M	13.7M
Investing Cash Flow	50.5M	-57.0M	6.5M	-180.0M	667.0M	-340.0M	-70.0M	-636.0M	-1.9M	-6.4M	102.0M	29.4M	-597,300	-8.7M	-80.5M	-66.9M	-93.0M	-56.1M	-59.3M	-13.4M
Cash From Borrowings	510.0M	419.0M	60.0M	450.0M	468.0M	152.0M	294.0M	1.2B	666.0M	--	50.0M	75.0M	--	--	17.5M	40.0M	--	157.0M	169.0M	--
Dividends And Interest Paid	614.0M	744.0M	523.0M	376.0M	203.0M	128.0M	92.9M	85.3M	12.8M	41.8M	103.0M	47.6M	9.5M	7.3M	15.2M	29.6M	14.6M	2.7M	55.9M	12.7M
Debt Repayments	317.0M	270.0M	238.0M	552.0M	734.0M	232.0M	330.0M	872.0M	235.0M	50.0M	40.0M	75.0M	--	--	40.0M	17.5M	--	201.0M	125.0M	--
Total Financing Cash Inflow	612.0M	427.0M	161.0M	946.0M	512.0M	382.0M	435.0M	1.2B	679.0M	6.6M	390.0M	127.0M	--	--	17.7M	40.0M	--	463.0M	169.0M	51,300
Total Financing Cash Outflow	1.2B	1.2B	789.0M	974.0M	1.2B	431.0M	618.0M	1.0B	271.0M	111.0M	150.0M	123.0M	9.5M	15.3M	55.2M	76.8M	14.6M	211.0M	180.0M	12.7M
Financing Cash Flow	-587.0M	-724.0M	-628.0M	-28.4M	-692.0M	-49.9M	-183.0M	188.0M	407.0M	-104.0M	240.0M	3.7M	-9.5M	-15.3M	-37.5M	-36.8M	-14.6M	252.0M	-11.3M	-12.6M
Net Change In Cash	61.7M	112.0M	4.8M	332.0M	244.0M	16.5M	-74.4M	-9.9M	141.0M	-237.0M	450.0M	53.6M	29.5M	23.0M	-97.9M	-65.8M	-43.0M	238.0M	-3.4M	2.3M
Ending Cash Balance	1.2B	1.1B	992.0M	987.0M	655.0M	411.0M	390.0M	464.0M	474.0M	333.0M	570.0M	120.0M	113.0M	83.6M	60.7M	159.0M	224.0M	267.0M	29.4M	32.8M
Capex	112.0M	114.0M	63.0M	68.9M	108.0M	269.0M	86.7M	63.7M	32.9M	20.0M	5.9M	11.9M	6.4M	9.8M	87.7M	53.3M	102.0M	56.1M	96.0M	7.7M