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天虹股份 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Revenue 11.6B 11.8B 12.1B 12.1B 12.3B
Revenue Growth % -1.9% -2.5% -0.3% -1.2% --
Total Revenue 11.6B 11.8B 12.1B 12.1B 12.3B
Cost Of Revenue 7.3B 7.4B 7.5B 7.7B 7.5B
+Gross Profit 4.2B 4.3B 4.6B 4.5B 4.8B
Gross Margin % 36.7% 36.9% 38.3% 36.8% 39.2%
Total Operating Cost 11.6B 11.8B 12.1B 12.4B 12.4B
Selling Expenses 3.7B 3.7B 3.9B 3.9B 4.0B
Admin Expenses 436.0M 413.0M 380.0M 367.0M 389.0M
Rd Expenses 83.8M 92.2M 81.6M 90.5M 68.8M
Finance Expenses 19.3M 52.5M 133.0M 254.0M 317.0M
+Operating Income 86.4M 97.1M 394.0M 233.0M 358.0M
Operating Margin % 0.7% 0.8% 3.3% 1.9% 2.9%
Non Operating Income 82.0M 48.9M 39.0M 41.5M 43.1M
Non Operating Expenses 34.6M 44.9M 128.0M 73.0M 68.8M
Investment Income -- -- -295,600 250.0M -51,200
Fair Value Change Income -- 25.2M 61.3M 116.0M 111.0M
Asset Disposal Income 139.0M 47.7M 271.0M 50.8M 273.0M
Asset Impairment Loss 6.6M 9.8M 31.2M 409,900 -88,600
Other Income 19.9M 22.5M 43.5M 46.8M 64.7M
Income Before Tax 134.0M 101.0M 305.0M 202.0M 332.0M
Income Tax 50.1M 23.7M 78.0M 82.3M 98.8M
+Net Income 83.6M 77.3M 227.0M 120.0M 233.0M
Net Margin % 0.7% 0.7% 1.9% 1.0% 1.9%
Net Income Attributable 83.2M 76.7M 227.0M 120.0M 232.0M
Minority Interest 450,200 583,700 123,500 -575,200 1.3M
Eps Basic 0.07 0.07 0.19 0.10 0.19
Eps Diluted 0.07 0.07 0.19 0.10 0.19
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Equivalents 1.7B 2.4B 5.3B 4.6B 4.3B
Trading Financial Assets -- -- 2.7B 3.5B 3.5B
Accounts Receivable 194.0M 181.0M 168.0M 193.0M 107.0M
Notes And Accounts Receivable 194.0M 181.0M 168.0M 193.0M 107.0M
Prepayments 51.0M 49.0M 33.2M 46.2M 60.4M
Inventory 754.0M 856.0M 798.0M 971.0M 845.0M
Total Current Assets 3.7B 4.3B 9.4B 9.5B 9.4B
Long Term Equity Investment -- -- -- -- --
Fixed Assets 5.2B 5.4B 5.5B 5.7B 5.9B
Fixed Assets Total 5.2B 5.4B 5.5B 5.7B 5.9B
Construction In Progress -- -- -- -- --
Construction In Progress Total -- -- -- -- --
Intangible Assets 750.0M 773.0M 803.0M 831.0M 858.0M
Long Term Deferred Expenses 1.3B 1.3B 1.3B 1.3B 1.2B
Total Non Current Assets 22.0B 24.0B 19.1B 21.0B 22.7B
Total Assets 25.8B 28.3B 28.5B 30.4B 32.1B
Short Term Borrowings 551.0M 380.0M 400.0M -- --
Accounts Payable 1.9B 2.2B 2.5B 2.4B 2.6B
Advance Receipts 321.0M 332.0M 312.0M 270.0M 234.0M
Contract Liabilities 5.0B 5.1B 5.1B 5.2B 4.8B
Total Current Liabilities 12.5B 11.5B 11.8B 11.4B 11.2B
Long Term Borrowings -- -- -- -- --
Total Non Current Liabilities 9.2B 12.7B 12.5B 15.0B 16.8B
Total Liabilities 21.7B 24.2B 24.3B 26.4B 28.0B
Paid In Capital 1.2B 1.2B 1.2B 1.2B 1.2B
Capital Reserve 1.1B 1.1B 1.1B 1.1B 1.3B
Surplus Reserve 580.0M 580.0M 580.0M 569.0M 530.0M
Retained Earnings 1.2B 1.2B 1.3B 1.2B 1.3B
Minority Equity 6.9M 6.5M 9.7M 6.9M 7.6M
Equity Attributable 4.1B 4.1B 4.2B 4.0B 4.1B
Total Equity 4.1B 4.1B 4.2B 4.0B 4.1B
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash From Sales 15.7B 16.6B 17.3B 17.9B 19.9B
Tax Refunds Received 5.4M 13.4M 18.8M 53.9M 22.6M
Total Operating Cash Inflow 18.7B 19.4B 20.2B 20.0B 22.0B
Cash Paid For Goods 13.1B 13.3B 13.3B 13.7B 15.3B
Cash Paid To Employees 1.7B 1.8B 1.9B 1.9B 2.0B
Taxes Paid 337.0M 394.0M 513.0M 534.0M 479.0M
Total Operating Cash Outflow 17.1B 17.4B 17.4B 17.6B 19.3B
Operating Cash Flow 1.6B 2.0B 2.7B 2.4B 2.7B
Total Investing Cash Inflow 2.7B 6.7B 10.7B 13.9B 13.7B
Total Investing Cash Outflow 3.4B 9.5B 11.4B 14.0B 14.3B
Investing Cash Flow -698.0M -2.9B -678.0M -124.0M -630.0M
Cash From Borrowings 779.0M -- 400.0M -- --
Dividends And Interest Paid 77.2M 195.0M 58.6M 187.0M 254.0M
Debt Repayments 609.0M 20.0M -- -- --
Total Financing Cash Inflow 779.0M -- 400.0M -- 1.5M
Total Financing Cash Outflow 2.4B 2.0B 1.8B 2.0B 2.1B
Financing Cash Flow -1.7B -2.0B -1.4B -2.0B -2.1B
Net Change In Cash -721.0M -2.9B 626.0M 305.0M 8.1M
Ending Cash Balance 1.5B 2.3B 5.2B 4.6B 4.3B
Capex 563.0M 578.0M 476.0M 524.0M 746.0M
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