*ST海源 - Financials

*ST海源 — 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	187.0M	317.0M	364.0M	254.0M	300.0M	218.0M	241.0M	272.0M	205.0M	230.0M	207.0M	253.0M	250.0M	376.0M	348.0M	263.0M	233.0M	251.0M	153.0M	58.3M
Revenue Growth %	-41.0%	-12.9%	43.3%	-15.3%	37.6%	-9.5%	-11.4%	32.7%	-10.9%	11.1%	-18.2%	1.2%	-33.5%	8.0%	32.3%	12.9%	-7.2%	64.1%	162.6%	--
Total Revenue	187.0M	317.0M	364.0M	254.0M	300.0M	218.0M	241.0M	272.0M	205.0M	230.0M	207.0M	253.0M	250.0M	376.0M	348.0M	263.0M	233.0M	251.0M	153.0M	58.3M
Cost Of Revenue	204.0M	300.0M	351.0M	249.0M	265.0M	228.0M	208.0M	189.0M	147.0M	159.0M	129.0M	174.0M	172.0M	235.0M	214.0M	150.0M	124.0M	124.0M	77.3M	46.2M
+Gross Profit	-17.0M	17.0M	13.0M	5.0M	35.0M	-10.0M	33.0M	83.0M	58.0M	71.0M	78.0M	79.0M	78.0M	141.0M	134.0M	113.0M	109.0M	127.0M	75.7M	12.0M
Gross Margin %	-9.1%	5.4%	3.6%	2.0%	11.7%	-4.6%	13.7%	30.5%	28.3%	30.9%	37.7%	31.2%	31.2%	37.5%	38.5%	43.0%	46.8%	50.6%	49.5%	20.7%
Total Operating Cost	381.0M	455.0M	515.0M	350.0M	390.0M	657.0M	467.0M	296.0M	257.0M	252.0M	207.0M	257.0M	249.0M	302.0M	278.0M	196.0M	167.0M	162.0M	92.7M	54.1M
Selling Expenses	13.0M	16.8M	11.8M	15.0M	19.2M	37.5M	49.5M	30.2M	26.6M	30.7M	36.1M	36.6M	39.6M	37.9M	22.7M	16.4M	19.5M	19.7M	8.7M	3.1M
Admin Expenses	47.8M	53.6M	52.1M	31.3M	35.4M	54.9M	51.2M	34.8M	48.0M	46.9M	40.9M	38.3M	35.7M	33.0M	27.1M	18.7M	17.1M	15.3M	5.4M	3.9M
Rd Expenses	17.7M	18.5M	21.0M	19.1M	20.7M	26.8M	54.6M	21.6M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	12.9M	11.9M	7.0M	4.0M	15.7M	19.4M	18.2M	8.8M	3.1M	5.6M	-260,700	-2.2M	-5.9M	-7.3M	9.7M	6.3M	2.5M	598,900	414,100	70,200
+Operating Income	-155.0M	-135.0M	-134.0M	-110.0M	52.0M	-481.0M	-191.0M	7.5M	-53.0M	-22.2M	-1.8M	-4.1M	1.4M	74.0M	70.1M	67.5M	65.7M	89.1M	60.1M	4.2M
Operating Margin %	-82.9%	-42.6%	-36.8%	-43.3%	17.3%	-220.6%	-79.3%	2.7%	-25.9%	-9.6%	-0.8%	-1.6%	0.6%	19.7%	20.1%	25.7%	28.2%	35.5%	39.3%	7.1%
Non Operating Income	293,900	49,500	349,400	959,100	405,500	948,100	207,600	184,500	7.1M	22.6M	5.0M	13.4M	8.0M	2.0M	2.8M	651,600	3.1M	1.7M	259,200	15,200
Non Operating Expenses	5.5M	1.8M	19.0M	10.9M	434,800	4.8M	16.7M	410,000	1.8M	75,900	929,700	344,200	815,300	20.2M	522,200	112,000	1.2M	38,200	500.00	500.00
Investment Income	33.7M	-2.4M	14.1M	-10.6M	3.9M	-1.4M	1.7M	2.3M	-748,700	-506,400	-1.3M	179,900	--	--	--	--	--	--	--	--
Fair Value Change Income	--	--	--	-7.2M	-3.4M	-45.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	172,500	4.0M	-1.9M	-1.2M	135.0M	285,900	25.1M	-9,500	-315,800	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	70.5M	42.4M	40.4M	27.5M	9.7M	210.0M	81.2M	8.1M	29.8M	7.7M	-432,000	8.1M	5.7M	2.1M	4.1M	4.1M	3.3M	2.3M	626,100	768,900
Other Income	4.7M	2.6M	5.3M	5.3M	6.5M	4.5M	9.3M	29.2M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-160.0M	-136.0M	-153.0M	-120.0M	52.0M	-485.0M	-207.0M	7.2M	-47.7M	373,400	2.4M	8.9M	8.6M	55.7M	72.4M	68.1M	67.7M	90.8M	60.4M	4.2M
Income Tax	-137,300	8.6M	-3.0M	-6.2M	19.1M	50.8M	-32.0M	224,100	-9.6M	-2.4M	-879,800	156,000	1.5M	10.7M	10.4M	7.9M	8.6M	9.0M	-152,500	--
+Net Income	-160.0M	-145.0M	-150.0M	-114.0M	32.9M	-535.0M	-175.0M	7.0M	-38.2M	2.8M	3.2M	8.8M	7.1M	45.0M	62.0M	60.1M	59.1M	81.7M	60.6M	4.2M
Net Margin %	-85.6%	-45.7%	-41.2%	-44.9%	11.0%	-245.4%	-72.6%	2.6%	-18.6%	1.2%	1.6%	3.5%	2.8%	12.0%	17.8%	22.9%	25.4%	32.6%	39.6%	7.2%
Net Income Attributable	-160.0M	-145.0M	-150.0M	-114.0M	32.9M	-535.0M	-175.0M	7.0M	-38.2M	2.8M	3.2M	8.8M	7.1M	45.0M	62.0M	60.1M	59.1M	81.7M	60.6M	4.2M
Eps Basic	-0.61	-0.56	-0.58	-0.44	0.13	-2.06	-0.67	0.03	-0.16	0.01	0.02	0.05	0.04	0.28	0.52	0.50	0.49	0.69	2.93	0.25
Eps Diluted	-0.61	-0.56	-0.58	-0.44	0.13	-2.06	-0.67	0.03	-0.16	0.01	0.02	0.05	0.04	0.28	0.52	0.50	0.49	0.69	2.93	0.25

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	13.5M	42.3M	66.3M	25.3M	99.7M	52.6M	140.0M	228.0M	437.0M	53.0M	40.4M	116.0M	251.0M	443.0M	776.0M	91.8M	22.7M	44.2M	74.4M	2.5M
Accounts Receivable	78.1M	52.7M	78.5M	103.0M	102.0M	110.0M	181.0M	183.0M	133.0M	106.0M	103.0M	97.3M	85.2M	79.4M	87.7M	66.8M	60.5M	53.2M	23.6M	8.5M
Notes Receivable	39.4M	105.0M	159.0M	45.1M	40.6M	--	12.6M	34.0M	36.1M	10.1M	21.5M	20.2M	20.6M	18.3M	10.8M	4.6M	--	5.8M	8.0M	--
Notes And Accounts Receivable	118.0M	158.0M	237.0M	148.0M	143.0M	110.0M	193.0M	217.0M	169.0M	116.0M	125.0M	118.0M	106.0M	97.8M	98.4M	71.4M	60.5M	59.0M	31.5M	8.5M
Prepayments	3.1M	10.5M	14.3M	25.2M	22.4M	61.0M	78.4M	53.1M	40.5M	33.1M	26.2M	17.4M	31.1M	12.9M	32.0M	45.7M	26.1M	30.7M	33.0M	19.2M
Inventory	130.0M	132.0M	203.0M	198.0M	228.0M	266.0M	370.0M	352.0M	375.0M	344.0M	314.0M	276.0M	260.0M	251.0M	184.0M	100.0M	104.0M	51.5M	23.3M	3.7M
Total Current Assets	280.0M	370.0M	552.0M	457.0M	627.0M	686.0M	819.0M	875.0M	1.0B	563.0M	535.0M	570.0M	652.0M	811.0M	1.1B	313.0M	216.0M	187.0M	164.0M	40.0M
Long Term Equity Investment	1.6M	1.6M	1.9M	6.5M	14.6M	11.3M	15.9M	7.9M	6.3M	4.8M	5.3M	6.8M	--	--	--	--	--	--	--	--
Fixed Assets	--	381.0M	408.0M	406.0M	435.0M	589.0M	649.0M	405.0M	402.0M	404.0M	389.0M	381.0M	256.0M	254.0M	242.0M	220.0M	61.5M	30.7M	29.7M	23.1M
Fixed Assets Total	324.0M	382.0M	410.0M	406.0M	435.0M	589.0M	649.0M	405.0M	402.0M	404.0M	389.0M	381.0M	256.0M	254.0M	242.0M	220.0M	61.5M	30.7M	29.7M	23.1M
Construction In Progress	--	156.0M	83.2M	64.1M	70.0M	30.6M	95.7M	237.0M	120.0M	67.8M	74.2M	51.2M	61.0M	7.0M	8.4M	196,800	145.0M	93.2M	229,800	--
Construction In Progress Total	115.0M	156.0M	83.2M	64.1M	70.0M	31.5M	96.7M	237.0M	120.0M	67.8M	74.2M	51.2M	61.0M	7.0M	8.4M	196,800	145.0M	93.2M	229,800	--
Intangible Assets	20.8M	21.8M	42.7M	51.3M	55.5M	80.9M	99.9M	64.0M	67.2M	71.3M	57.9M	57.6M	58.5M	38.1M	34.0M	31.4M	31.5M	30.7M	3.4M	3.5M
Long Term Deferred Expenses	38.1M	47.9M	59.1M	18.7M	16.6M	16.6M	18.0M	5.2M	6.9M	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Assets	592.0M	726.0M	722.0M	600.0M	608.0M	781.0M	1.1B	1.0B	864.0M	658.0M	600.0M	561.0M	431.0M	351.0M	286.0M	253.0M	239.0M	155.0M	33.5M	26.6M
Total Assets	872.0M	1.1B	1.3B	1.1B	1.2B	1.5B	1.9B	1.9B	1.9B	1.2B	1.1B	1.1B	1.1B	1.2B	1.4B	565.0M	455.0M	342.0M	198.0M	66.6M
Short Term Borrowings	74.4M	82.4M	66.1M	55.4M	95.6M	306.0M	256.0M	110.0M	135.0M	99.0M	38.8M	--	--	--	141.0M	80.0M	20.0M	--	33.5M	2.2M
Accounts Payable	192.0M	217.0M	178.0M	101.0M	125.0M	87.7M	54.9M	33.8M	39.2M	28.8M	21.9M	53.9M	38.0M	44.7M	69.9M	41.9M	54.1M	29.7M	15.9M	21.2M
Advance Receipts	49,100	33,400	--	--	--	93.5M	57.9M	34.3M	25.2M	18.9M	28.9M	22.6M	21.2M	23.4M	18.7M	19.9M	5.5M	9.2M	7.6M	16.2M
Contract Liabilities	53.8M	54.7M	99.8M	70.9M	47.4M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	501.0M	571.0M	546.0M	291.0M	368.0M	627.0M	454.0M	254.0M	226.0M	219.0M	116.0M	109.0M	66.5M	123.0M	357.0M	184.0M	153.0M	83.4M	116.0M	45.3M
Long Term Borrowings	13.8M	9.5M	80.0M	--	--	--	50.0M	75.0M	100.0M	--	--	--	--	--	--	60.0M	40.0M	60.0M	--	--
Total Non Current Liabilities	79.6M	75.8M	133.0M	21.1M	9.4M	16.2M	74.5M	77.4M	112.0M	2.9M	23.4M	23.8M	24.2M	24.3M	4.2M	64.2M	44.2M	60.0M	--	--
Total Liabilities	581.0M	647.0M	679.0M	312.0M	377.0M	643.0M	528.0M	331.0M	338.0M	222.0M	140.0M	133.0M	90.7M	147.0M	361.0M	248.0M	197.0M	143.0M	116.0M	45.3M
Paid In Capital	260.0M	260.0M	260.0M	260.0M	260.0M	260.0M	260.0M	260.0M	260.0M	200.0M	160.0M	160.0M	160.0M	160.0M	160.0M	120.0M	120.0M	120.0M	20.6M	17.4M
Capital Reserve	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	624.0M	664.0M	664.0M	664.0M	664.0M	664.0M	20.2M	20.2M	20.2M	302,200	--
Surplus Reserve	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	38.7M	37.8M	37.3M	32.8M	26.5M	20.5M	14.6M	6.4M	394,800
Retained Earnings	-1.2B	-1.0B	-873.0M	-724.0M	-610.0M	-643.0M	-71.9M	103.0M	96.2M	134.0M	132.0M	133.0M	130.0M	154.0M	163.0M	151.0M	96.8M	43.6M	53.9M	3.5M
Equity Attributable	291.0M	450.0M	595.0M	744.0M	857.0M	823.0M	1.4B	1.6B	1.6B	999.0M	995.0M	998.0M	993.0M	1.0B	1.0B	318.0M	258.0M	198.0M	81.3M	21.3M
Total Equity	291.0M	450.0M	595.0M	744.0M	857.0M	823.0M	1.4B	1.6B	1.6B	999.0M	995.0M	998.0M	993.0M	1.0B	1.0B	318.0M	258.0M	198.0M	81.3M	21.3M

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	114.0M	238.0M	327.0M	220.0M	226.0M	176.0M	143.0M	173.0M	96.2M	183.0M	169.0M	186.0M	149.0M	441.0M	374.0M	309.0M	263.0M	266.0M	146.0M	72.7M
Tax Refunds Received	7.8M	9.4M	716,600	2.6M	3.1M	2.0M	3.3M	7.0M	1.4M	19,900	2.1M	5.0M	2.6M	440,600	--	558,800	--	--	--	--
Total Operating Cash Inflow	188.0M	309.0M	461.0M	321.0M	606.0M	209.0M	186.0M	208.0M	126.0M	194.0M	180.0M	206.0M	172.0M	455.0M	378.0M	310.0M	266.0M	269.0M	149.0M	72.8M
Cash Paid For Goods	80.2M	144.0M	140.0M	57.0M	171.0M	144.0M	164.0M	105.0M	100.0M	109.0M	121.0M	94.0M	118.0M	338.0M	278.0M	141.0M	167.0M	156.0M	90.0M	45.1M
Cash Paid To Employees	58.0M	83.4M	73.0M	63.1M	61.5M	77.3M	81.6M	73.8M	62.4M	57.7M	64.7M	61.5M	56.8M	50.5M	35.2M	28.5M	28.2M	17.6M	6.0M	2.9M
Taxes Paid	11.9M	12.6M	4.3M	5.1M	6.2M	3.5M	11.4M	14.2M	14.1M	18.1M	14.3M	22.2M	19.6M	34.5M	24.9M	22.5M	20.4M	26.5M	8.3M	2.5M
Total Operating Cash Outflow	218.0M	338.0M	356.0M	327.0M	451.0M	329.0M	336.0M	247.0M	250.0M	223.0M	238.0M	216.0M	228.0M	460.0M	364.0M	212.0M	242.0M	225.0M	115.0M	59.1M
Operating Cash Flow	-30.0M	-28.8M	105.0M	-5.8M	154.0M	-120.0M	-150.0M	-39.2M	-124.0M	-29.2M	-58.2M	-9.3M	-56.6M	-5.0M	14.5M	97.7M	24.2M	44.0M	34.0M	13.6M
Total Investing Cash Inflow	39.8M	34.7M	23.8M	113.0M	178.0M	4.5M	29.5M	590,300	172,400	17.8M	31.4M	109.0M	--	14,000	--	--	80,000	--	378,900	0.00
Total Investing Cash Outflow	25.9M	53.6M	98.7M	113.0M	27.5M	6.9M	95.2M	131.0M	218.0M	41.2M	91.8M	229.0M	102.0M	65.1M	32.3M	40.0M	72.3M	115.0M	43.4M	15.9M
Investing Cash Flow	13.8M	-18.9M	-74.9M	389,400	151.0M	-2.5M	-65.7M	-131.0M	-218.0M	-23.4M	-60.3M	-120.0M	-102.0M	-65.1M	-32.3M	-40.0M	-72.2M	-115.0M	-43.0M	-15.9M
Cash From Borrowings	86.9M	104.0M	171.0M	67.5M	249.0M	304.0M	262.0M	115.0M	295.0M	119.0M	38.8M	30.5M	168.0M	28.0M	141.0M	95.0M	70.6M	80.0M	35.8M	2.2M
Dividends And Interest Paid	9.3M	8.3M	4.9M	2.3M	15.0M	17.2M	13.2M	10.3M	7.5M	6.8M	4.6M	5.2M	31.7M	52.1M	53.1M	8.7M	18.1M	38.5M	427,700	69,500
Debt Repayments	119.0M	97.5M	80.0M	95.5M	451.0M	202.0M	145.0M	140.0M	159.0M	58.6M	--	30.5M	168.0M	229.0M	80.0M	75.0M	30.0M	33.5M	4.5M	--
Total Financing Cash Inflow	195.0M	170.0M	200.0M	95.5M	277.0M	304.0M	319.0M	168.0M	947.0M	138.0M	56.6M	40.4M	180.0M	46.4M	858.0M	95.0M	74.8M	113.0M	85.8M	4.7M
Total Financing Cash Outflow	204.0M	152.0M	196.0M	134.0M	523.0M	274.0M	204.0M	201.0M	224.0M	81.2M	21.0M	50.5M	201.0M	315.0M	156.0M	99.1M	48.1M	72.0M	4.9M	69,500
Financing Cash Flow	-8.9M	18.4M	3.2M	-38.8M	-246.0M	30.0M	115.0M	-32.5M	724.0M	57.1M	35.5M	-10.1M	-21.6M	-268.0M	703.0M	-4.1M	26.6M	41.4M	80.9M	4.7M
Net Change In Cash	-25.0M	-29.3M	33.2M	-44.4M	58.9M	-91.9M	-101.0M	-203.0M	382.0M	4.7M	-82.9M	-140.0M	-180.0M	-339.0M	685.0M	53.6M	-21.4M	-30.2M	71.9M	2.4M
Ending Cash Balance	4.0M	29.0M	58.3M	25.2M	69.5M	10.6M	102.0M	204.0M	407.0M	24.9M	20.2M	103.0M	243.0M	423.0M	761.0M	76.4M	22.7M	44.2M	74.4M	2.5M
Capex	25.9M	26.8M	98.7M	103.0M	27.5M	6.4M	87.2M	131.0M	122.0M	35.7M	81.8M	93.4M	102.0M	65.1M	32.3M	40.0M	72.3M	115.0M	43.4M	15.9M