森源电气 - Financials

森源电气 — 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
+Revenue	2.8B	2.6B	2.4B	1.7B	1.6B	1.6B	2.9B	3.6B	3.0B	1.7B	1.1B	1.3B	992.0M	710.0M	489.0M	406.0M	332.0M	288.0M	176.0M
Revenue Growth %	4.9%	9.6%	40.9%	3.5%	1.4%	-43.4%	-19.1%	20.3%	74.7%	50.2%	-14.7%	33.0%	39.7%	45.2%	20.4%	22.3%	15.3%	63.6%	--
Total Revenue	2.8B	2.6B	2.4B	1.7B	1.6B	1.6B	2.9B	3.6B	3.0B	1.7B	1.1B	1.3B	992.0M	710.0M	489.0M	406.0M	332.0M	288.0M	176.0M
Cost Of Revenue	2.0B	1.9B	1.8B	1.3B	1.4B	1.2B	1.9B	2.7B	2.2B	1.1B	676.0M	817.0M	633.0M	475.0M	329.0M	278.0M	226.0M	206.0M	117.0M
+Gross Profit	788.0M	758.0M	625.0M	377.0M	291.0M	466.0M	944.0M	865.0M	718.0M	570.0M	449.0M	502.0M	359.0M	235.0M	160.0M	128.0M	106.0M	82.0M	59.0M
Gross Margin %	28.5%	28.7%	26.0%	22.1%	17.6%	28.6%	32.8%	24.4%	24.3%	33.7%	39.9%	38.1%	36.2%	33.1%	32.7%	31.5%	31.9%	28.5%	33.5%
Total Operating Cost	2.7B	2.5B	2.4B	2.2B	2.6B	1.7B	2.6B	3.1B	2.7B	1.5B	958.0M	1.0B	777.0M	574.0M	409.0M	337.0M	280.0M	245.0M	151.0M
Selling Expenses	115.0M	114.0M	114.0M	111.0M	99.4M	106.0M	97.2M	96.7M	101.0M	93.6M	75.6M	62.3M	48.6M	39.1M	19.0M	10.6M	7.5M	5.5M	4.3M
Admin Expenses	190.0M	179.0M	164.0M	171.0M	157.0M	154.0M	135.0M	108.0M	231.0M	149.0M	143.0M	66.8M	54.9M	36.5M	37.6M	28.8M	22.4M	14.2M	11.4M
Rd Expenses	112.0M	96.1M	103.0M	92.5M	98.5M	75.2M	96.7M	124.0M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	115.0M	110.0M	104.0M	111.0M	105.0M	118.0M	105.0M	34.9M	65.3M	71.8M	26.7M	28.0M	21.1M	14.1M	16.5M	13.2M	17.2M	17.8M	15.7M
+Operating Income	112.0M	92.6M	59.6M	-465.0M	-951.0M	-22.3M	358.0M	473.0M	340.0M	206.0M	299.0M	312.0M	216.0M	136.0M	79.7M	69.1M	52.2M	42.2M	25.0M
Operating Margin %	4.0%	3.5%	2.5%	-27.2%	-57.6%	-1.4%	12.5%	13.3%	11.5%	12.2%	26.6%	23.7%	21.8%	19.2%	16.3%	17.0%	15.7%	14.7%	14.2%
Non Operating Income	2.9M	1.8M	1.1M	3.5M	5.8M	41.8M	3.5M	38.8M	25.5M	7.5M	21.0M	5.7M	93.5M	16.9M	3.6M	2.7M	9.1M	6.2M	50,000
Non Operating Expenses	8.9M	6.7M	3.8M	6.3M	3.4M	1.7M	1.4M	50,400	2.2M	383,200	288,900	83,100	82.5M	93,800	75,400	190,500	30,600	32,700	149,500
Investment Income	-2.5M	-988,800	249,500	--	--	8.4M	25.2M	25.5M	43.9M	2.0M	132.0M	--	--	--	--	137,500	137,500	--	--
Asset Disposal Income	1,000	650,800	913,500	743,700	1.3M	2.7M	331,500	722,900	-755,500	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	1.7M	1.0M	1.1M	158.0M	139.0M	--	169.0M	27.9M	6.1M	42.3M	28.0M	25.4M	15.5M	6.4M	4.4M	3.6M	5.2M	25,400	1.8M
Other Income	27.7M	6.2M	15.3M	20.2M	36.4M	45.4M	16.1M	2.4M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	106.0M	87.7M	57.0M	-468.0M	-949.0M	17.9M	360.0M	512.0M	364.0M	214.0M	320.0M	317.0M	227.0M	153.0M	83.2M	71.7M	61.3M	48.4M	24.9M
Income Tax	16.3M	13.8M	17.6M	21.6M	38.8M	4.3M	52.9M	71.8M	46.8M	41.5M	52.7M	50.5M	33.4M	22.2M	12.6M	11.3M	11.1M	15.1M	8.5M
+Net Income	90.0M	73.9M	39.4M	-489.0M	-988.0M	13.5M	307.0M	440.0M	317.0M	172.0M	267.0M	267.0M	193.0M	131.0M	70.7M	60.3M	50.2M	33.2M	16.4M
Net Margin %	3.3%	2.8%	1.6%	-28.6%	-59.9%	0.8%	10.7%	12.4%	10.7%	10.2%	23.7%	20.2%	19.5%	18.5%	14.5%	14.9%	15.1%	11.5%	9.3%
Net Income Attributable	88.7M	73.9M	38.2M	-490.0M	-989.0M	9.3M	311.0M	447.0M	331.0M	183.0M	259.0M	260.0M	191.0M	131.0M	70.7M	60.3M	50.2M	33.2M	16.4M
Minority Interest	1.3M	-26,900	1.2M	382,500	978,400	4.2M	-4.1M	-6.5M	-13.6M	-10.5M	8.1M	6.9M	1.9M	37,700	--	--	--	--	--
Eps Basic	0.10	0.08	0.04	-0.53	-1.06	0.01	0.33	0.48	0.39	0.23	0.33	0.72	0.56	0.38	0.43	0.94	0.78	0.52	0.49
Eps Diluted	0.10	0.08	0.04	-0.53	-1.06	0.01	0.33	0.48	0.39	0.23	0.33	0.72	0.56	0.38	0.43	0.94	0.78	0.52	0.49

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
Cash And Equivalents	95.3M	111.0M	321.0M	491.0M	148.0M	799.0M	940.0M	2.1B	2.2B	562.0M	649.0M	665.0M	216.0M	601.0M	703.0M	135.0M	58.1M	52.9M	38.0M
Accounts Receivable	3.4B	3.1B	2.5B	1.8B	2.2B	2.8B	4.2B	2.4B	1.9B	1.2B	935.0M	810.0M	516.0M	276.0M	180.0M	150.0M	135.0M	86.5M	77.9M
Notes Receivable	106.0M	94.4M	33.5M	62.1M	22.7M	16.7M	61.7M	1.1B	559.0M	503.0M	610.0M	9.1M	9.9M	290,000	3.2M	843,600	--	1.8M	24,100
Notes And Accounts Receivable	3.5B	3.1B	2.5B	1.9B	2.2B	2.8B	4.3B	3.5B	2.4B	1.7B	1.5B	819.0M	526.0M	277.0M	183.0M	150.0M	135.0M	88.4M	78.0M
Prepayments	102.0M	108.0M	117.0M	120.0M	199.0M	171.0M	198.0M	56.9M	31.2M	38.2M	27.9M	87.1M	93.3M	203.0M	126.0M	22.2M	18.5M	38.9M	25.1M
Inventory	612.0M	441.0M	586.0M	517.0M	724.0M	852.0M	667.0M	692.0M	847.0M	886.0M	552.0M	442.0M	316.0M	122.0M	87.5M	60.1M	65.8M	49.4M	55.0M
Total Current Assets	4.4B	3.9B	3.7B	3.2B	4.0B	4.9B	6.9B	6.8B	6.3B	3.3B	2.9B	2.1B	1.2B	1.2B	1.1B	376.0M	284.0M	236.0M	217.0M
Fixed Assets	--	2.1B	2.2B	2.4B	2.6B	2.7B	1.1B	1.0B	1.0B	986.0M	552.0M	556.0M	560.0M	174.0M	74.4M	70.3M	67.8M	36.6M	34.6M
Fixed Assets Total	2.0B	2.1B	2.2B	2.4B	2.6B	2.7B	1.1B	1.0B	1.0B	986.0M	552.0M	556.0M	560.0M	174.0M	74.4M	70.3M	67.8M	36.6M	34.6M
Construction In Progress	--	928,700	997,200	13.4M	13.8M	13.8M	796.0M	267.0M	3.3M	588,400	200.0M	51.5M	--	63.5M	307,400	63,000	4.0M	13.8M	2.1M
Construction In Progress Total	5.3M	928,700	997,200	13.4M	13.8M	13.8M	796.0M	267.0M	3.3M	588,400	200.0M	51.5M	--	63.5M	307,400	63,000	4.0M	13.8M	2.1M
Intangible Assets	128.0M	131.0M	135.0M	138.0M	141.0M	145.0M	148.0M	152.0M	73.5M	146.0M	39.0M	38.4M	36.7M	27.8M	23.3M	23.9M	24.6M	7.6M	7.4M
Long Term Deferred Expenses	--	--	--	--	436,100	872,100	1.3M	1.7M	1.8M	2.0M	348,400	501,400	654,400	--	--	--	--	--	--
Total Non Current Assets	2.2B	2.4B	2.6B	2.8B	3.0B	3.1B	2.8B	1.7B	1.2B	1.4B	955.0M	671.0M	605.0M	270.0M	101.0M	96.8M	98.3M	65.1M	47.3M
Total Assets	6.6B	6.3B	6.3B	6.0B	7.0B	8.1B	9.7B	8.5B	7.5B	4.6B	3.9B	2.8B	1.8B	1.5B	1.2B	473.0M	382.0M	301.0M	264.0M
Short Term Borrowings	2.0B	2.0B	2.1B	2.1B	2.3B	2.3B	2.8B	1.8B	1.2B	1.2B	945.0M	495.0M	338.0M	334.0M	253.0M	141.0M	73.0M	69.0M	47.0M
Accounts Payable	731.0M	606.0M	597.0M	485.0M	877.0M	975.0M	987.0M	1.1B	848.0M	607.0M	293.0M	187.0M	152.0M	78.9M	49.3M	58.1M	71.7M	42.8M	31.6M
Advance Receipts	--	--	172,200	166,700	--	24.1M	74.3M	44.7M	36.4M	26.5M	61.2M	24.4M	28.1M	9.6M	6.9M	3.3M	4.5M	1.6M	4.5M
Contract Liabilities	13.2M	13.9M	21.9M	25.1M	26.2M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	3.3B	3.1B	3.1B	2.9B	3.4B	3.4B	4.4B	3.6B	2.9B	2.3B	1.7B	837.0M	587.0M	499.0M	331.0M	216.0M	158.0M	121.0M	107.0M
Long Term Borrowings	--	82,900	407,000	--	--	--	--	--	--	65.1M	--	--	--	--	--	--	28.4M	39.0M	53.0M
Total Non Current Liabilities	42.8M	45.2M	50.7M	62.8M	76.5M	90.3M	75.5M	84.7M	87.1M	166.0M	85.1M	80.3M	32.0M	110,200	9.9M	11.3M	37.6M	44.6M	55.1M
Total Liabilities	3.4B	3.2B	3.2B	2.9B	3.5B	3.5B	4.5B	3.7B	2.9B	2.4B	1.8B	918.0M	619.0M	499.0M	341.0M	227.0M	196.0M	165.0M	162.0M
Paid In Capital	930.0M	930.0M	930.0M	930.0M	930.0M	930.0M	930.0M	930.0M	930.0M	796.0M	398.0M	398.0M	344.0M	172.0M	86.0M	64.0M	64.0M	64.0M	64.0M
Capital Reserve	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	2.5B	2.4B	2.4B	424.0M	822.0M	822.0M	397.0M	489.0M	549.0M	16.7M	16.7M	16.7M	16.3M
Surplus Reserve	247.0M	243.0M	235.0M	229.0M	229.0M	229.0M	229.0M	198.0M	151.0M	122.0M	104.0M	83.3M	60.9M	41.9M	28.8M	21.8M	15.7M	10.7M	7.4M
Retained Earnings	122.0M	55.4M	-10.0M	-41.9M	448.0M	1.4B	1.5B	1.4B	1.1B	829.0M	755.0M	573.0M	377.0M	273.0M	207.0M	144.0M	89.4M	44.2M	14.3M
Minority Equity	19.2M	5.2M	5.2M	4.0M	3.6M	11.1M	2.8M	6.9M	13.4M	26.6M	33.3M	25.2M	18.2M	12.2M	--	--	--	--	--
Equity Attributable	3.2B	3.2B	3.1B	3.1B	3.5B	4.5B	5.2B	4.9B	4.5B	2.2B	2.1B	1.9B	1.2B	976.0M	871.0M	246.0M	186.0M	136.0M	102.0M
Total Equity	3.3B	3.2B	3.1B	3.1B	3.5B	4.5B	5.2B	4.9B	4.5B	2.2B	2.1B	1.9B	1.2B	988.0M	871.0M	246.0M	186.0M	136.0M	102.0M

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
Cash From Sales	2.3B	1.8B	1.4B	1.3B	1.3B	2.5B	1.7B	2.3B	2.2B	1.4B	1.2B	1.2B	885.0M	731.0M	513.0M	420.0M	319.0M	290.0M	164.0M
Tax Refunds Received	--	--	7.2M	27.0M	29.3M	--	--	--	--	--	--	--	914,600	1.2M	--	--	4.7M	6.0M	--
Total Operating Cash Inflow	2.4B	1.9B	1.6B	2.0B	1.4B	2.6B	1.9B	2.5B	2.5B	1.7B	1.5B	1.3B	989.0M	792.0M	531.0M	426.0M	337.0M	313.0M	193.0M
Cash Paid For Goods	1.5B	1.1B	1.1B	626.0M	777.0M	659.0M	1.9B	1.9B	1.5B	1.1B	935.0M	959.0M	825.0M	497.0M	375.0M	275.0M	216.0M	183.0M	145.0M
Cash Paid To Employees	350.0M	372.0M	325.0M	350.0M	349.0M	347.0M	295.0M	204.0M	185.0M	154.0M	125.0M	104.0M	85.9M	59.0M	33.2M	24.7M	20.2M	15.3M	11.4M
Taxes Paid	141.0M	153.0M	68.6M	55.8M	50.3M	64.3M	221.0M	249.0M	174.0M	140.0M	139.0M	106.0M	65.4M	57.5M	48.5M	42.5M	37.5M	41.1M	16.4M
Total Operating Cash Outflow	2.3B	1.8B	1.7B	1.3B	1.9B	1.3B	2.6B	2.7B	2.2B	1.7B	1.5B	1.3B	1.1B	730.0M	501.0M	369.0M	296.0M	250.0M	182.0M
Operating Cash Flow	133.0M	124.0M	-167.0M	703.0M	-495.0M	1.3B	-777.0M	-178.0M	341.0M	17.0M	-54.9M	28.3M	-89.3M	61.9M	29.6M	56.9M	41.7M	63.3M	10.6M
Total Investing Cash Inflow	1,108	62,100	6,991	70.0M	30,000	580.0M	2.0B	2.3B	718.0M	182.0M	488.0M	5,455	106.0M	20.8M	--	640.00	5.4M	292,500	--
Total Investing Cash Outflow	17.2M	68.3M	6.5M	19.5M	70.9M	1.2B	3.2B	2.5B	1.6B	456.0M	953.0M	368.0M	329.0M	258.0M	107.0M	8.8M	20.0M	40.0M	9.0M
Investing Cash Flow	-17.2M	-68.3M	-6.5M	50.5M	-70.9M	-616.0M	-1.2B	-178.0M	-835.0M	-274.0M	-465.0M	-368.0M	-223.0M	-237.0M	-107.0M	-8.8M	-14.6M	-39.7M	-9.0M
Cash From Borrowings	2.2B	2.6B	1.7B	1.4B	2.1B	3.3B	3.3B	1.9B	1.2B	1.4B	1.0B	645.0M	388.0M	449.0M	615.0M	284.0M	181.0M	307.0M	412.0M
Dividends And Interest Paid	129.0M	109.0M	105.0M	110.0M	116.0M	227.0M	244.0M	149.0M	139.0M	163.0M	99.8M	69.5M	60.7M	47.0M	17.2M	11.4M	15.3M	16.7M	21.6M
Debt Repayments	2.2B	2.7B	1.8B	1.5B	2.1B	3.8B	2.3B	1.3B	1.3B	1.1B	595.0M	488.0M	374.0M	375.0M	503.0M	244.0M	188.0M	299.0M	402.0M
Total Financing Cash Inflow	2.3B	2.8B	1.9B	1.4B	2.1B	3.3B	3.3B	1.9B	3.3B	1.5B	1.0B	1.3B	388.0M	449.0M	1.2B	284.0M	181.0M	307.0M	442.0M
Total Financing Cash Outflow	2.4B	3.0B	1.9B	1.8B	2.2B	4.1B	2.5B	1.5B	1.5B	1.3B	695.0M	560.0M	435.0M	422.0M	529.0M	256.0M	203.0M	316.0M	424.0M
Financing Cash Flow	-116.0M	-218.0M	-4.1M	-376.0M	-116.0M	-738.0M	791.0M	406.0M	1.9B	232.0M	350.0M	785.0M	-46.7M	27.1M	646.0M	28.6M	-21.9M	-8.7M	18.5M
Net Change In Cash	-175,000	-162.0M	-177.0M	377.0M	-681.0M	-6.5M	-1.2B	49.6M	1.4B	-24.2M	-169.0M	445.0M	-359.0M	-149.0M	568.0M	76.6M	5.2M	14.9M	20.1M
Ending Cash Balance	80.0M	80.1M	242.0M	419.0M	42.4M	723.0M	730.0M	1.9B	1.8B	446.0M	471.0M	640.0M	195.0M	554.0M	703.0M	135.0M	58.1M	52.9M	38.0M
Capex	17.2M	68.0M	6.5M	16.4M	66.9M	434.0M	1.1B	621.0M	231.0M	212.0M	673.0M	49.3M	320.0M	247.0M	107.0M	8.8M	20.0M	36.0M	9.0M