珠江钢琴 - Financials

珠江钢琴 — 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
+Revenue	677.0M	1.1B	1.7B	2.0B	1.8B	2.1B	2.0B	1.8B	1.6B	1.5B	1.5B	1.4B	1.3B	1.2B	982.0M	846.0M
Revenue Growth %	-40.0%	-32.0%	-17.8%	15.3%	-14.7%	3.9%	10.3%	14.3%	6.5%	0.1%	3.3%	7.5%	12.8%	19.5%	16.1%	--
Total Revenue	677.0M	1.1B	1.7B	2.0B	1.8B	2.1B	2.0B	1.8B	1.6B	1.5B	1.5B	1.4B	1.3B	1.2B	982.0M	846.0M
Cost Of Revenue	609.0M	904.0M	1.3B	1.5B	1.3B	1.4B	1.4B	1.2B	1.1B	1.0B	1.1B	977.0M	897.0M	787.0M	662.0M	586.0M
+Gross Profit	68.0M	224.0M	399.0M	512.0M	458.0M	623.0M	619.0M	587.0M	485.0M	422.0M	418.0M	445.0M	426.0M	386.0M	320.0M	260.0M
Gross Margin %	10.0%	19.9%	24.0%	25.3%	26.1%	30.3%	31.3%	32.8%	31.0%	28.7%	28.5%	31.3%	32.2%	32.9%	32.6%	30.7%
Total Operating Cost	961.0M	1.2B	1.6B	1.8B	1.6B	1.9B	1.8B	1.8B	1.4B	1.3B	1.3B	1.2B	1.1B	1.0B	844.0M	746.0M
Selling Expenses	59.2M	73.4M	68.1M	66.2M	64.9M	142.0M	164.0M	144.0M	106.0M	87.1M	89.8M	74.1M	71.6M	68.0M	62.9M	44.1M
Admin Expenses	167.0M	153.0M	129.0M	144.0M	137.0M	169.0M	155.0M	256.0M	187.0M	163.0M	157.0M	146.0M	135.0M	121.0M	103.0M	98.3M
Rd Expenses	44.0M	68.1M	84.4M	97.2M	82.7M	97.7M	97.2M	95.7M	--	--	--	--	--	--	--	--
Finance Expenses	-9.4M	-37.4M	-15.6M	-25.2M	-6.1M	1.8M	13.0M	11.2M	8.1M	3.8M	4.0M	1.1M	-3.3M	5.6M	2.3M	3.5M
+Operating Income	-269.0M	10.6M	138.0M	224.0M	193.0M	216.0M	202.0M	187.0M	162.0M	162.0M	163.0M	213.0M	207.0M	171.0M	138.0M	101.0M
Operating Margin %	-39.7%	0.9%	8.3%	11.1%	11.0%	10.5%	10.2%	10.4%	10.3%	11.0%	11.1%	15.0%	15.6%	14.6%	14.1%	11.9%
Non Operating Income	768,900	323,100	935,000	341,500	7.1M	5.4M	3.6M	3.7M	14.3M	5.6M	5.4M	21.9M	11.7M	7.6M	4.8M	7.5M
Non Operating Expenses	7.3M	5.5M	3.8M	2.8M	4.3M	8.5M	4.8M	4.2M	5.2M	2.4M	3.9M	4.0M	4.6M	6.6M	5.5M	3.8M
Investment Income	9.5M	5.1M	18.0M	4.1M	28.0M	28.9M	38.5M	11.0M	7.9M	13.0M	12.8M	5.1M	630,300	50,000	357,600	537,300
Fair Value Change Income	-8.2M	-5.3M	5.6M	6.9M	-1.4M	-226,800	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	127,900	69.3M	114,300	183,300	-8,500	3.5M	-524,600	130.0M	-112,700	--	--	--	--	--	--	--
Asset Impairment Loss	66.8M	13.2M	3.3M	7.4M	9.8M	16.5M	20.6M	29.3M	8.5M	2.8M	3.9M	4.8M	4.7M	9.1M	5.1M	7.5M
Other Income	13.0M	9.9M	14.0M	17.0M	14.0M	12.0M	18.8M	21.5M	--	--	--	--	--	--	--	--
Income Before Tax	-276.0M	5.4M	136.0M	222.0M	196.0M	213.0M	200.0M	187.0M	172.0M	165.0M	164.0M	231.0M	214.0M	172.0M	138.0M	104.0M
Income Tax	-28.2M	3.7M	10.2M	31.2M	23.2M	25.9M	26.4M	26.9M	20.5M	18.4M	22.9M	33.4M	30.8M	26.8M	18.8M	17.5M
+Net Income	-248.0M	1.7M	125.0M	191.0M	173.0M	187.0M	174.0M	160.0M	151.0M	147.0M	142.0M	197.0M	183.0M	146.0M	119.0M	86.7M
Net Margin %	-36.6%	0.2%	7.5%	9.5%	9.9%	9.1%	8.8%	8.9%	9.6%	10.0%	9.7%	13.9%	13.8%	12.4%	12.1%	10.2%
Net Income Attributable	-236.0M	5.9M	123.0M	186.0M	171.0M	190.0M	176.0M	165.0M	151.0M	146.0M	141.0M	196.0M	182.0M	145.0M	118.0M	86.4M
Minority Interest	-11.9M	-4.2M	2.0M	4.7M	2.3M	-2.6M	-2.2M	-4.6M	-320,600	744,900	385,000	748,000	588,400	591,300	731,200	266,400
Eps Basic	-0.17	0.00	0.09	0.14	0.13	0.14	0.13	0.13	0.16	0.15	0.15	0.21	0.20	0.34	0.27	0.22
Eps Diluted	-0.17	0.00	0.09	0.14	0.13	0.14	0.13	0.13	0.16	0.15	0.15	0.21	0.20	0.34	0.27	0.22

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
Cash And Equivalents	841.0M	1.2B	1.5B	1.6B	1.9B	1.1B	693.0M	825.0M	587.0M	599.0M	536.0M	542.0M	669.0M	277.0M	328.0M	331.0M
Trading Financial Assets	100.0M	318.0M	622.0M	406.0M	2.4M	462.0M	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	47.9M	40.2M	54.4M	64.9M	75.5M	75.6M	85.7M	85.4M	114.0M	130.0M	126.0M	115.0M	78.3M	63.9M	77.7M	122.0M
Notes Receivable	--	--	--	--	--	4.0M	--	1.8M	7.0M	--	--	178,100	500,000	150,000	--	--
Notes And Accounts Receivable	47.9M	40.2M	54.4M	64.9M	75.5M	79.6M	85.7M	87.2M	121.0M	130.0M	126.0M	116.0M	78.8M	64.0M	77.7M	122.0M
Prepayments	5.7M	9.2M	15.5M	21.5M	9.6M	5.9M	24.9M	19.5M	30.2M	9.1M	13.0M	10.5M	12.3M	20.2M	22.7M	15.2M
Inventory	1.2B	1.3B	1.1B	1.0B	982.0M	981.0M	875.0M	822.0M	780.0M	737.0M	772.0M	713.0M	597.0M	491.0M	440.0M	412.0M
Total Current Assets	2.2B	2.9B	3.4B	3.2B	3.0B	2.7B	2.6B	2.7B	1.6B	1.5B	1.5B	1.4B	1.4B	859.0M	872.0M	886.0M
Long Term Equity Investment	56.7M	57.2M	61.9M	63.5M	81.0M	89.1M	101.0M	109.0M	105.0M	99.1M	73.3M	69.2M	7.3M	196,600	156,500	136,300
Fixed Assets	--	769.0M	817.0M	873.0M	949.0M	1.1B	1.1B	733.0M	623.0M	563.0M	544.0M	554.0M	339.0M	349.0M	246.0M	260.0M
Fixed Assets Total	706.0M	769.0M	817.0M	873.0M	949.0M	1.1B	1.1B	733.0M	623.0M	563.0M	544.0M	554.0M	339.0M	349.0M	246.0M	260.0M
Construction In Progress	--	20.6M	15.4M	8.3M	10.6M	59.5M	12.7M	63.6M	17.0M	8.7M	45.2M	13.4M	69.2M	8.9M	41.3M	8.1M
Construction In Progress Total	172.0M	20.6M	15.4M	8.3M	10.6M	59.5M	12.7M	63.6M	17.0M	8.7M	45.2M	13.4M	69.2M	8.9M	41.3M	8.1M
Intangible Assets	152.0M	153.0M	158.0M	165.0M	173.0M	199.0M	206.0M	210.0M	210.0M	80.0M	82.2M	84.2M	92.9M	95.7M	50.3M	43.3M
Long Term Deferred Expenses	1.1M	1.8M	887,000	943,300	1.5M	3.7M	4.2M	5.1M	3.1M	2.0M	1.4M	181,800	490,600	862,800	1.2M	1.2M
Total Non Current Assets	1.8B	1.7B	1.8B	1.8B	1.8B	1.8B	1.8B	1.5B	1.3B	917.0M	920.0M	879.0M	591.0M	516.0M	402.0M	371.0M
Total Assets	4.0B	4.6B	5.1B	5.0B	4.8B	4.5B	4.4B	4.2B	2.9B	2.5B	2.4B	2.3B	2.0B	1.4B	1.3B	1.3B
Short Term Borrowings	74.8M	257.0M	501.0M	358.0M	385.0M	376.0M	260.0M	290.0M	325.0M	90.0M	--	--	4.1M	2.0M	15.1M	76.9M
Accounts Payable	51.0M	117.0M	196.0M	195.0M	184.0M	176.0M	193.0M	162.0M	144.0M	134.0M	131.0M	130.0M	114.0M	100.0M	77.9M	85.0M
Advance Receipts	--	--	--	--	--	31.1M	19.7M	22.6M	11.5M	4.6M	6.9M	4.7M	4.0M	9.8M	14.4M	7.1M
Contract Liabilities	53.4M	75.2M	111.0M	160.0M	106.0M	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	312.0M	737.0M	1.2B	1.2B	1.2B	913.0M	977.0M	779.0M	760.0M	365.0M	404.0M	258.0M	259.0M	354.0M	286.0M	452.0M
Long Term Borrowings	123.0M	--	50.0M	50.0M	--	55.0M	--	70.0M	--	100.0M	--	128.0M	--	--	140.0M	--
Total Non Current Liabilities	206.0M	91.5M	132.0M	132.0M	65.3M	132.0M	73.5M	160.0M	108.0M	169.0M	119.0M	203.0M	78.9M	91.7M	157.0M	12.1M
Total Liabilities	518.0M	828.0M	1.4B	1.3B	1.2B	1.0B	1.1B	939.0M	868.0M	533.0M	523.0M	461.0M	338.0M	445.0M	443.0M	464.0M
Paid In Capital	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.0B	956.0M	956.0M	956.0M	956.0M	478.0M	430.0M	430.0M	430.0M
Capital Reserve	985.0M	990.0M	994.0M	981.0M	981.0M	981.0M	981.0M	1.3B	318.0M	318.0M	318.0M	318.0M	798.0M	244.0M	244.0M	245.0M
Surplus Reserve	172.0M	172.0M	171.0M	171.0M	171.0M	116.0M	110.0M	108.0M	97.1M	87.6M	79.4M	73.5M	55.8M	37.8M	23.3M	11.9M
Retained Earnings	906.0M	1.1B	1.2B	1.1B	977.0M	909.0M	811.0M	721.0M	634.0M	559.0M	488.0M	449.0M	328.0M	217.0M	130.0M	100.0M
Minority Equity	17.8M	28.1M	32.3M	32.0M	28.7M	29.6M	33.5M	37.0M	21.4M	12.0M	10.2M	8.9M	7.4M	6.8M	7.5M	6.8M
Equity Attributable	3.5B	3.7B	3.7B	3.6B	3.5B	3.4B	3.3B	3.2B	2.0B	1.9B	1.8B	1.8B	1.7B	923.0M	823.0M	786.0M
Total Equity	3.5B	3.7B	3.7B	3.7B	3.6B	3.4B	3.3B	3.2B	2.0B	1.9B	1.9B	1.8B	1.7B	930.0M	831.0M	793.0M

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
Cash From Sales	658.0M	1.2B	1.8B	2.3B	2.0B	2.3B	2.3B	2.0B	1.8B	1.6B	1.6B	1.5B	1.5B	1.4B	1.2B	993.0M
Tax Refunds Received	9.0M	20.5M	11.0M	3.8M	26.9M	23.2M	8.2M	4.5M	4.0M	11.1M	4.0M	5.2M	4.3M	4.3M	4.5M	2.3M
Total Operating Cash Inflow	759.0M	1.3B	1.9B	2.4B	2.2B	2.4B	2.4B	2.1B	1.9B	1.7B	1.6B	1.5B	1.5B	1.4B	1.2B	1.1B
Cash Paid For Goods	450.0M	1.0B	1.1B	1.4B	946.0M	1.3B	1.2B	1.0B	936.0M	804.0M	889.0M	910.0M	842.0M	745.0M	657.0M	492.0M
Cash Paid To Employees	388.0M	411.0M	409.0M	434.0M	412.0M	555.0M	564.0M	462.0M	366.0M	324.0M	326.0M	301.0M	262.0M	215.0M	178.0M	178.0M
Taxes Paid	48.2M	56.9M	96.7M	137.0M	92.5M	172.0M	162.0M	165.0M	159.0M	156.0M	158.0M	148.0M	148.0M	134.0M	109.0M	87.2M
Total Operating Cash Outflow	976.0M	1.6B	1.8B	2.1B	1.6B	2.2B	2.2B	1.9B	1.6B	1.5B	1.5B	1.5B	1.4B	1.2B	1.0B	883.0M
Operating Cash Flow	-217.0M	-316.0M	94.9M	311.0M	548.0M	204.0M	123.0M	225.0M	249.0M	189.0M	127.0M	49.8M	144.0M	176.0M	158.0M	180.0M
Total Investing Cash Inflow	573.0M	681.0M	1.1B	302.0M	1.5B	2.2B	2.3B	370.0M	21.8M	17.2M	9.0M	77.1M	724,600	2.9M	5.1M	6.2M
Total Investing Cash Outflow	541.0M	374.0M	1.5B	805.0M	1.1B	2.0B	2.4B	1.3B	447.0M	64.8M	70.6M	316.0M	157.0M	140.0M	69.0M	23.2M
Investing Cash Flow	32.3M	307.0M	-320.0M	-503.0M	381.0M	197.0M	-161.0M	-933.0M	-425.0M	-47.6M	-61.6M	-239.0M	-156.0M	-137.0M	-63.9M	-17.0M
Cash From Borrowings	198.0M	357.0M	499.0M	449.0M	469.0M	576.0M	259.0M	460.0M	346.0M	260.0M	--	128.0M	141.0M	13.0M	237.0M	76.9M
Dividends And Interest Paid	7.3M	51.6M	81.4M	67.1M	61.1M	93.7M	94.9M	82.6M	76.4M	144.0M	70.9M	64.5M	64.3M	68.4M	172.0M	1.7M
Debt Repayments	307.0M	605.0M	361.0M	469.0M	461.0M	476.0M	290.0M	534.0M	110.0M	198.0M	--	--	279.0M	31.2M	159.0M	95.5M
Total Financing Cash Inflow	200.0M	357.0M	517.0M	449.0M	469.0M	576.0M	260.0M	1.6B	354.0M	261.0M	1.0M	132.0M	752.0M	13.0M	237.0M	136.0M
Total Financing Cash Outflow	331.0M	675.0M	454.0M	547.0M	522.0M	569.0M	385.0M	622.0M	192.0M	342.0M	70.9M	64.5M	352.0M	103.0M	331.0M	97.3M
Financing Cash Flow	-131.0M	-318.0M	62.5M	-98.3M	-52.7M	6.3M	-125.0M	931.0M	162.0M	-81.1M	-69.9M	67.6M	400.0M	-89.6M	-94.0M	38.6M
Net Change In Cash	-317.0M	-323.0M	-156.0M	-291.0M	875.0M	406.0M	-169.0M	229.0M	-12.4M	62.5M	-5.2M	-123.0M	387.0M	-50.4M	-3.4M	201.0M
Ending Cash Balance	840.0M	1.2B	1.5B	1.6B	1.9B	1.1B	646.0M	815.0M	587.0M	599.0M	536.0M	542.0M	665.0M	277.0M	328.0M	331.0M
Capex	214.0M	56.5M	123.0M	76.2M	114.0M	118.0M	328.0M	241.0M	150.0M	35.7M	70.6M	164.0M	99.4M	140.0M	68.7M	23.0M