万马股份 - Financials

万马股份 — 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	17.8B	15.1B	14.7B	12.8B	9.3B	9.7B	8.7B	7.4B	6.4B	6.8B	5.8B	4.9B	3.9B	3.6B	2.1B	1.5B	1.6B	1.1B	844.0M	603.0M
Revenue Growth %	17.5%	3.0%	14.9%	37.0%	-4.3%	11.5%	18.0%	16.1%	-6.8%	17.1%	20.4%	26.1%	8.0%	66.3%	44.6%	-8.2%	42.8%	34.1%	40.0%	--
Total Revenue	17.8B	15.1B	14.7B	12.8B	9.3B	9.7B	8.7B	7.4B	6.4B	6.8B	5.8B	4.9B	3.9B	3.6B	2.1B	1.5B	1.6B	1.1B	844.0M	603.0M
Cost Of Revenue	15.7B	13.0B	12.7B	11.1B	7.9B	8.1B	7.4B	6.4B	5.4B	5.8B	5.0B	4.1B	3.2B	3.0B	1.8B	1.2B	1.4B	979.0M	702.0M	517.0M
+Gross Profit	2.0B	2.1B	2.0B	1.6B	1.4B	1.6B	1.3B	1.0B	1.0B	1.0B	858.0M	737.0M	606.0M	517.0M	311.0M	242.0M	212.0M	153.0M	142.0M	86.0M
Gross Margin %	11.3%	14.2%	13.5%	12.9%	15.3%	16.8%	14.8%	13.8%	15.8%	14.9%	14.7%	15.2%	15.7%	14.5%	14.5%	16.3%	13.1%	13.5%	16.8%	14.3%
Total Operating Cost	17.7B	14.8B	14.4B	12.6B	9.2B	9.6B	8.7B	7.4B	6.2B	6.6B	5.6B	4.7B	3.7B	3.4B	2.1B	1.4B	1.5B	1.1B	807.0M	591.0M
Selling Expenses	634.0M	607.0M	631.0M	543.0M	516.0M	665.0M	529.0M	441.0M	390.0M	337.0M	236.0M	222.0M	223.0M	220.0M	149.0M	115.0M	85.4M	62.0M	67.3M	41.0M
Admin Expenses	400.0M	368.0M	330.0M	321.0M	248.0M	242.0M	206.0M	175.0M	363.0M	330.0M	305.0M	220.0M	136.0M	95.1M	32.7M	24.7M	20.5M	14.9M	17.5M	18.2M
Rd Expenses	657.0M	636.0M	612.0M	473.0M	347.0M	364.0M	312.0M	270.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	80.9M	88.5M	48.8M	75.1M	78.1M	79.6M	97.7M	62.9M	33.7M	38.2M	51.2M	51.0M	55.0M	55.5M	20.9M	16.5M	27.4M	13.1M	14.5M	9.8M
+Operating Income	379.0M	608.0M	456.0M	291.0M	243.0M	245.0M	118.0M	94.4M	164.0M	275.0M	224.0M	206.0M	154.0M	119.0M	90.1M	76.3M	66.3M	56.0M	38.8M	12.2M
Operating Margin %	2.1%	4.0%	3.1%	2.3%	2.6%	2.5%	1.4%	1.3%	2.6%	4.0%	3.8%	4.2%	4.0%	3.3%	4.2%	5.1%	4.1%	4.9%	4.6%	2.0%
Non Operating Income	7.0M	11.9M	7.4M	7.5M	13.7M	16.1M	4.7M	24.2M	65.2M	43.1M	40.4M	40.8M	46.4M	40.5M	22.6M	25.5M	19.7M	19.1M	26.7M	16.5M
Non Operating Expenses	14.8M	15.3M	16.3M	10.6M	8.6M	6.2M	4.8M	3.6M	5.3M	2.9M	1.9M	3.9M	1.8M	2.8M	1.2M	1.3M	497,800	77,100	1.5M	337,600
Investment Income	-10.3M	9.0M	28.8M	1.4M	10.9M	10.6M	-2.2M	4.0M	3.5M	3.0M	868,100	1.5M	-369,900	-66,000	2.4M	2.5M	-4.2M	33,800	2.6M	264,400
Fair Value Change Income	-6.6M	4.6M	6.1M	-6.7M	343,000	2.8M	-7.7M	4.7M	50,200	-99,700	-752,300	-770,500	2.0M	-1.7M	--	3.5M	-88,500	--	-291,500	73,800
Asset Disposal Income	-3.0M	67.3M	-5.1M	-2.2M	-2.2M	-2.9M	-1.0M	-227,800	-187,800	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	26.5M	36.0M	86.7M	19.4M	39.9M	78.1M	83.9M	24.2M	25.7M	14.2M	22.1M	18.6M	25.7M	12.3M	13.2M	8.9M	2.1M	4.2M	779,200	314,100
Other Income	320.0M	199.0M	169.0M	140.0M	110.0M	100.0M	90.8M	68.8M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	371.0M	605.0M	447.0M	288.0M	248.0M	255.0M	118.0M	115.0M	224.0M	315.0M	262.0M	243.0M	198.0M	157.0M	111.0M	101.0M	85.5M	75.0M	64.0M	28.3M
Income Tax	27.1M	43.9M	33.5M	14.6M	22.3M	22.2M	2.4M	5.7M	15.2M	39.0M	25.3M	24.1M	21.6M	16.7M	14.0M	13.6M	11.0M	7.5M	4.9M	2.9M
+Net Income	344.0M	561.0M	414.0M	274.0M	226.0M	233.0M	115.0M	109.0M	209.0M	276.0M	237.0M	219.0M	177.0M	140.0M	97.4M	86.9M	74.5M	67.5M	59.1M	25.4M
Net Margin %	1.9%	3.7%	2.8%	2.1%	2.4%	2.4%	1.3%	1.5%	3.3%	4.0%	4.1%	4.5%	4.6%	3.9%	4.5%	5.9%	4.6%	6.0%	7.0%	4.2%
Net Income Attributable	341.0M	555.0M	412.0M	271.0M	223.0M	221.0M	112.0M	115.0M	215.0M	272.0M	235.0M	220.0M	178.0M	141.0M	97.4M	86.9M	74.5M	67.5M	59.1M	25.4M
Minority Interest	2.5M	5.4M	2.4M	2.5M	3.0M	12.0M	3.5M	-5.7M	-6.3M	4.3M	1.4M	-1.1M	-1.1M	-941,600	--	--	--	--	--	--
Eps Basic	0.34	0.55	0.41	0.27	0.22	0.21	0.11	0.12	0.23	0.29	0.25	0.24	0.20	0.17	0.24	0.22	0.50	0.45	1.18	--
Eps Diluted	0.34	0.55	0.41	0.27	0.22	0.21	0.11	0.12	0.23	0.29	0.25	0.24	0.20	0.17	0.24	0.22	0.50	0.45	1.18	--

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	2.4B	3.4B	3.6B	2.6B	1.5B	1.2B	912.0M	962.0M	593.0M	738.0M	790.0M	669.0M	746.0M	770.0M	464.0M	359.0M	346.0M	198.0M	197.0M	434.0M
Trading Financial Assets	--	--	--	3.6M	--	--	--	--	--	--	--	--	--	3.7M	--	3.6M	2.4M	3.1M	3.8M	1.7M
Accounts Receivable	5.4B	4.0B	3.8B	3.5B	2.7B	2.8B	2.8B	2.6B	2.0B	2.0B	2.0B	1.6B	1.4B	992.0M	642.0M	511.0M	437.0M	269.0M	186.0M	126.0M
Notes Receivable	887.0M	857.0M	731.0M	1.1B	512.0M	361.0M	501.0M	626.0M	335.0M	230.0M	240.0M	209.0M	144.0M	212.0M	32.2M	18.6M	8.0M	27.0M	3.5M	4.4M
Notes And Accounts Receivable	6.3B	4.9B	4.5B	4.5B	3.2B	3.2B	3.3B	3.2B	2.4B	2.3B	2.2B	1.9B	1.6B	1.2B	674.0M	530.0M	445.0M	296.0M	189.0M	130.0M
Prepayments	204.0M	246.0M	169.0M	264.0M	125.0M	78.7M	81.0M	98.3M	45.7M	63.5M	77.6M	26.8M	40.7M	71.2M	56.3M	10.2M	11.9M	14.6M	390,000	236,900
Inventory	1.3B	1.2B	858.0M	996.0M	784.0M	671.0M	873.0M	835.0M	514.0M	491.0M	405.0M	356.0M	395.0M	327.0M	250.0M	203.0M	150.0M	131.0M	95.1M	58.1M
Total Current Assets	11.5B	10.7B	10.0B	9.0B	6.5B	5.9B	5.7B	5.6B	3.8B	3.9B	3.6B	3.0B	2.8B	2.4B	1.5B	1.1B	981.0M	654.0M	553.0M	709.0M
Long Term Equity Investment	91.9M	98.4M	91.5M	13.2M	24.1M	22.6M	24.8M	24.8M	23.7M	10.8M	3.4M	--	7.0M	--	--	--	--	--	1.0M	8.0M
Fixed Assets	--	1.8B	1.5B	1.4B	1.2B	1.0B	953.0M	754.0M	628.0M	640.0M	666.0M	623.0M	592.0M	396.0M	301.0M	309.0M	297.0M	277.0M	19.9M	54.4M
Fixed Assets Total	2.3B	1.8B	1.5B	1.4B	1.2B	1.0B	953.0M	754.0M	628.0M	640.0M	666.0M	623.0M	592.0M	396.0M	301.0M	309.0M	297.0M	277.0M	19.9M	54.4M
Construction In Progress	--	346.0M	317.0M	245.0M	40.1M	129.0M	88.5M	55.6M	44.0M	18.1M	1.7M	27.4M	77.6M	199.0M	37.8M	--	8.5M	7.0M	117.0M	8.4M
Construction In Progress Total	170.0M	356.0M	343.0M	283.0M	80.0M	169.0M	155.0M	130.0M	91.3M	18.1M	1.7M	27.4M	77.6M	199.0M	37.8M	--	8.5M	7.0M	163.0M	14.9M
Intangible Assets	302.0M	307.0M	249.0M	261.0M	262.0M	180.0M	161.0M	169.0M	163.0M	126.0M	124.0M	99.4M	102.0M	90.5M	45.7M	46.7M	31.1M	31.7M	24.3M	74.6M
Long Term Deferred Expenses	29.1M	22.7M	17.8M	13.2M	9.0M	10.4M	13.3M	16.0M	12.0M	9.1M	3.6M	2.0M	2.3M	592,000	--	--	--	--	--	--
Total Non Current Assets	3.5B	3.1B	2.7B	2.5B	1.9B	1.7B	1.7B	1.5B	1.2B	1.1B	1.1B	1.1B	1.1B	695.0M	391.0M	358.0M	339.0M	318.0M	209.0M	152.0M
Total Assets	15.0B	13.8B	12.7B	11.4B	8.3B	7.6B	7.3B	7.0B	5.0B	5.0B	4.7B	4.0B	3.9B	3.1B	1.9B	1.5B	1.3B	972.0M	762.0M	862.0M
Short Term Borrowings	54.6M	108.0M	25.6M	261.0M	179.0M	956.0M	1.2B	1.3B	146.0M	219.0M	641.0M	839.0M	910.0M	640.0M	450.0M	205.0M	344.0M	212.0M	143.0M	261.0M
Accounts Payable	1.3B	936.0M	1.2B	1.3B	991.0M	657.0M	648.0M	585.0M	403.0M	385.0M	266.0M	262.0M	196.0M	145.0M	145.0M	128.0M	153.0M	154.0M	100.0M	39.7M
Advance Receipts	21,200	--	36,700	102,700	--	245.0M	200.0M	168.0M	134.0M	153.0M	48.0M	92.8M	127.0M	109.0M	58.8M	56.6M	39.9M	22.1M	6.4M	3.6M
Contract Liabilities	130.0M	143.0M	141.0M	113.0M	91.9M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	8.3B	7.1B	6.1B	5.7B	3.4B	3.1B	3.3B	2.5B	1.3B	1.5B	1.6B	1.5B	1.5B	1.2B	790.0M	498.0M	871.0M	566.0M	460.0M	688.0M
Long Term Borrowings	323.0M	413.0M	1.0B	470.0M	300.0M	115.0M	--	--	160.0M	160.0M	--	17.8M	41.2M	54.1M	--	--	63.9M	94.8M	58.6M	60.5M
Total Non Current Liabilities	1.1B	1.3B	1.7B	1.2B	415.0M	169.0M	33.4M	518.0M	671.0M	470.0M	312.0M	32.7M	58.0M	67.2M	6.5M	--	63.9M	94.8M	58.6M	60.5M
Total Liabilities	9.3B	8.3B	7.8B	6.9B	3.8B	3.3B	3.3B	3.1B	1.9B	2.0B	1.9B	1.5B	1.6B	1.3B	796.0M	498.0M	935.0M	661.0M	518.0M	749.0M
Paid In Capital	1.0B	1.0B	1.0B	1.0B	1.0B	1.0B	1.0B	1.0B	939.0M	939.0M	940.0M	939.0M	929.0M	432.0M	400.0M	200.0M	150.0M	150.0M	115.0M	40.0M
Capital Reserve	1.4B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	791.0M	790.0M	787.0M	778.0M	764.0M	837.0M	392.0M	592.0M	93.0M	93.0M	288,100	--
Surplus Reserve	411.0M	382.0M	361.0M	328.0M	304.0M	259.0M	222.0M	200.0M	181.0M	158.0M	133.0M	112.0M	90.4M	72.6M	32.6M	22.9M	14.2M	6.8M	13.9M	7.9M
Retained Earnings	2.8B	2.6B	2.1B	1.8B	1.5B	1.4B	1.2B	1.1B	1.2B	1.1B	858.0M	690.0M	539.0M	454.0M	245.0M	177.0M	129.0M	61.6M	115.0M	65.4M
Minority Equity	22.8M	22.6M	18.7M	15.9M	3.5M	29.5M	18.0M	12.6M	16.6M	122.0M	10.7M	2.9M	4.0M	5.1M	6.0M	--	--	--	--	--
Equity Attributable	5.6B	5.4B	4.9B	4.5B	4.5B	4.2B	4.0B	4.0B	3.1B	2.9B	2.7B	2.5B	2.3B	1.8B	1.1B	992.0M	386.0M	311.0M	244.0M	113.0M
Total Equity	5.7B	5.4B	4.9B	4.6B	4.5B	4.3B	4.0B	4.0B	3.1B	3.1B	2.7B	2.5B	2.3B	1.8B	1.1B	992.0M	386.0M	311.0M	244.0M	113.0M

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	13.7B	13.9B	12.7B	10.6B	7.9B	8.2B	7.4B	6.0B	5.6B	6.1B	5.0B	4.2B	3.6B	3.4B	2.2B	1.5B	1.6B	1.1B	860.0M	629.0M
Tax Refunds Received	225.0M	213.0M	307.0M	209.0M	122.0M	119.0M	153.0M	122.0M	85.9M	67.6M	60.5M	69.2M	36.0M	27.2M	16.8M	16.6M	17.0M	14.6M	26.2M	16.4M
Total Operating Cash Inflow	14.5B	14.5B	13.2B	11.3B	8.4B	8.7B	7.8B	6.1B	5.7B	6.2B	5.1B	4.3B	3.7B	3.5B	2.2B	1.7B	1.6B	1.1B	964.0M	650.0M
Cash Paid For Goods	12.2B	12.3B	10.9B	8.9B	6.2B	6.3B	5.8B	6.0B	4.6B	5.2B	4.2B	3.6B	3.2B	3.1B	1.9B	1.5B	1.4B	932.0M	816.0M	492.0M
Cash Paid To Employees	766.0M	702.0M	657.0M	566.0M	469.0M	448.0M	395.0M	354.0M	306.0M	236.0M	179.0M	158.0M	113.0M	90.4M	43.3M	34.5M	35.8M	31.0M	20.1M	17.2M
Taxes Paid	326.0M	277.0M	265.0M	251.0M	196.0M	242.0M	205.0M	200.0M	190.0M	184.0M	161.0M	160.0M	131.0M	97.2M	50.6M	78.4M	53.8M	27.5M	38.8M	22.3M
Total Operating Cash Outflow	14.3B	14.1B	12.5B	10.4B	7.7B	7.8B	7.1B	7.1B	5.4B	5.9B	4.8B	4.2B	3.7B	3.5B	2.2B	1.8B	1.6B	1.1B	933.0M	621.0M
Operating Cash Flow	201.0M	445.0M	690.0M	909.0M	704.0M	872.0M	639.0M	-940.0M	280.0M	268.0M	248.0M	151.0M	-14.8M	-72.0M	3.1M	-151.0M	22.4M	60.6M	30.7M	29.5M
Total Investing Cash Inflow	4.9B	2.0B	2.0B	4.8B	9.2B	8.1B	1.5B	1.7B	839.0M	173.0M	851,900	4.2M	11.0M	879,700	2.6M	5.4M	2.3M	4.7M	82.7M	3.4M
Total Investing Cash Outflow	5.4B	2.5B	2.4B	5.2B	9.2B	8.2B	1.9B	2.0B	906.0M	501.0M	121.0M	52.2M	86.4M	86.4M	107.0M	53.4M	50.5M	103.0M	115.0M	43.6M
Investing Cash Flow	-501.0M	-434.0M	-393.0M	-352.0M	7.2M	-88.8M	-350.0M	-339.0M	-67.7M	-328.0M	-120.0M	-48.0M	-75.4M	-85.6M	-104.0M	-48.0M	-48.3M	-98.6M	-32.1M	-40.2M
Cash From Borrowings	502.0M	714.0M	1.1B	1.0B	857.0M	1.5B	1.8B	1.8B	414.0M	1.2B	1.3B	1.3B	1.3B	1.6B	827.0M	374.0M	463.0M	265.0M	275.0M	431.0M
Dividends And Interest Paid	106.0M	122.0M	104.0M	61.7M	82.9M	98.8M	80.5M	163.0M	139.0M	92.3M	98.0M	108.0M	99.3M	51.2M	44.3M	50.8M	32.2M	15.1M	26.8M	22.2M
Debt Repayments	1.1B	868.0M	280.0M	513.0M	1.2B	2.0B	2.1B	851.0M	637.0M	1.5B	1.5B	1.4B	1.2B	1.5B	595.0M	564.0M	358.0M	155.0M	393.0M	240.0M
Total Financing Cash Inflow	1.3B	1.4B	1.3B	1.0B	881.0M	1.5B	1.8B	2.7B	436.0M	1.6B	1.6B	1.4B	1.3B	2.0B	833.0M	934.0M	463.0M	417.0M	993.0M	845.0M
Total Financing Cash Outflow	1.5B	1.3B	1.5B	1.2B	1.4B	2.1B	2.3B	1.1B	777.0M	1.6B	1.6B	1.5B	1.3B	1.6B	640.0M	621.0M	393.0M	318.0M	975.0M	770.0M
Financing Cash Flow	-193.0M	127.0M	-213.0M	-115.0M	-511.0M	-525.0M	-517.0M	1.6B	-341.0M	41.9M	-64.2M	-91.4M	-4.8M	406.0M	193.0M	312.0M	70.0M	99.1M	18.0M	74.8M
Net Change In Cash	-486.0M	137.0M	104.0M	438.0M	197.0M	260.0M	-227.0M	335.0M	-124.0M	-10.9M	63.8M	11.6M	-95.1M	248.0M	91.9M	113.0M	43.7M	60.8M	16.5M	63.9M
Ending Cash Balance	1.3B	1.8B	1.7B	1.6B	1.1B	930.0M	671.0M	898.0M	563.0M	687.0M	698.0M	634.0M	622.0M	717.0M	405.0M	313.0M	199.0M	155.0M	94.6M	78.2M
Capex	410.0M	526.0M	314.0M	373.0M	268.0M	235.0M	279.0M	249.0M	170.0M	61.4M	118.0M	49.7M	76.8M	82.7M	107.0M	53.4M	44.8M	100.0M	108.0M	39.2M