ZHEJIANG SHIBAO - Financials

ZHEJIANG SHIBAO — 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	2.7B	1.8B	1.4B	1.2B	1.1B	982.0M	1.1B	1.2B	1.1B	838.0M	811.0M	675.0M	548.0M	626.0M	546.0M	365.0M
Revenue Growth %	48.0%	31.2%	17.7%	6.9%	12.2%	-13.3%	-1.8%	1.6%	35.6%	3.3%	20.1%	23.2%	-12.5%	14.7%	49.6%	--
Total Revenue	2.7B	1.8B	1.4B	1.2B	1.1B	982.0M	1.1B	1.2B	1.1B	838.0M	811.0M	675.0M	548.0M	626.0M	546.0M	365.0M
Cost Of Revenue	2.1B	1.5B	1.1B	925.0M	842.0M	844.0M	939.0M	949.0M	879.0M	621.0M	594.0M	496.0M	380.0M	404.0M	350.0M	229.0M
+Gross Profit	564.0M	351.0M	269.0M	253.0M	260.0M	138.0M	194.0M	205.0M	257.0M	217.0M	217.0M	179.0M	168.0M	222.0M	196.0M	136.0M
Gross Margin %	20.9%	19.3%	19.4%	21.5%	23.6%	14.1%	17.1%	17.8%	22.6%	25.9%	26.8%	26.5%	30.7%	35.5%	35.9%	37.3%
Total Operating Cost	2.6B	1.8B	1.4B	1.2B	1.1B	1.2B	1.2B	1.1B	1.1B	794.0M	772.0M	642.0M	485.0M	504.0M	432.0M	293.0M
Selling Expenses	52.1M	39.7M	52.0M	55.0M	80.8M	124.0M	78.3M	71.1M	70.5M	49.6M	55.0M	50.1M	33.2M	35.9M	37.5M	25.6M
Admin Expenses	133.0M	109.0M	87.8M	83.1M	68.3M	71.0M	72.0M	65.1M	115.0M	112.0M	98.1M	78.9M	62.0M	54.6M	43.9M	35.1M
Rd Expenses	160.0M	118.0M	99.7M	80.5M	66.0M	61.7M	66.5M	47.7M	--	--	--	--	--	--	--	--
Finance Expenses	1.1M	6.1M	4.9M	4.8M	4.6M	3.0M	-446,900	-519,700	-1.8M	3.9M	18.6M	11.5M	8.6M	5.7M	516,000	-60,500
+Operating Income	155.0M	86.6M	18.6M	27.7M	37.1M	-205.0M	2.1M	32.5M	70.2M	54.9M	39.4M	43.6M	61.1M	122.0M	115.0M	72.7M
Operating Margin %	5.8%	4.8%	1.3%	2.3%	3.4%	-20.9%	0.2%	2.8%	6.2%	6.5%	4.9%	6.5%	11.1%	19.5%	21.1%	19.9%
Non Operating Income	602,100	283,400	382,600	321,900	334,100	904,500	308,400	264,800	11.3M	7.4M	9.4M	8.2M	20.9M	5.4M	4.5M	4.3M
Non Operating Expenses	3.2M	2.9M	371,300	276,200	1.3M	435,600	535,300	403,100	875,300	2.4M	6.6M	1.1M	2.5M	1.1M	1.0M	289,400
Investment Income	3.0M	1.5M	1.8M	6.2M	236,500	1.2M	4.3M	8.0M	7.2M	10.8M	--	10.7M	-2.3M	-127,700	1.1M	274,900
Fair Value Change Income	2.5M	-265,700	-1.1M	1.3M	-40,100	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	-1.9M	-473,700	5.1M	-1.4M	402,000	531,200	11.9M	-690,000	557,800	--	--	--	--	--	--	--
Asset Impairment Loss	66.5M	12.9M	20.0M	15.4M	12.3M	38.1M	3.4M	-203,200	4.3M	2.4M	1.7M	1.3M	-2.0M	-1.0M	-1.5M	2.2M
Other Income	30.1M	30.3M	19.0M	19.5M	17.5M	15.2M	20.0M	13.6M	--	--	--	--	--	--	--	--
Income Before Tax	152.0M	84.0M	18.6M	27.7M	36.2M	-204.0M	1.9M	32.3M	80.6M	59.9M	42.2M	50.8M	79.5M	126.0M	119.0M	76.6M
Income Tax	-16.6M	-862,500	369,200	2.1M	1.6M	-8.3M	-73,600	5.6M	14.6M	7.9M	5.7M	5.2M	10.6M	15.2M	14.3M	9.5M
+Net Income	169.0M	84.9M	18.3M	25.6M	34.6M	-196.0M	2.0M	26.7M	66.0M	51.9M	36.5M	45.5M	68.9M	111.0M	104.0M	67.2M
Net Margin %	6.3%	4.7%	1.3%	2.2%	3.1%	-20.0%	0.2%	2.3%	5.8%	6.2%	4.5%	6.7%	12.6%	17.7%	19.0%	18.4%
Net Income Attributable	149.0M	77.2M	15.8M	34.2M	40.8M	-177.0M	7.3M	32.7M	63.5M	53.5M	43.4M	48.8M	72.1M	113.0M	103.0M	66.4M
Minority Interest	19.7M	7.7M	2.4M	-8.6M	-6.2M	-19.2M	-5.3M	-5.9M	2.5M	-1.6M	-6.9M	-3.3M	-3.2M	-2.2M	936,100	802,700
Eps Basic	0.18	0.10	0.02	0.04	0.05	-0.22	0.01	0.04	0.08	0.17	0.16	0.18	0.27	0.43	0.39	0.25
Eps Diluted	0.18	0.10	0.02	0.04	0.05	-0.22	0.01	0.04	0.08	0.17	0.16	0.18	0.27	0.43	0.39	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
Cash And Equivalents	419.0M	158.0M	232.0M	196.0M	166.0M	131.0M	130.0M	184.0M	145.0M	503.0M	760.0M	67.0M	78.5M	43.2M	65.3M	38.6M
Trading Financial Assets	70.3M	110.0M	120.0M	70.4M	904,100	71.0M	60.0M	--	--	--	--	--	--	--	--	--
Accounts Receivable	1.1B	718.0M	450.0M	384.0M	326.0M	399.0M	469.0M	513.0M	399.0M	326.0M	328.0M	279.0M	286.0M	204.0M	128.0M	110.0M
Notes Receivable	--	--	--	--	239,800	--	--	114.0M	163.0M	92.3M	110.0M	108.0M	117.0M	138.0M	60.2M	25.1M
Notes And Accounts Receivable	1.1B	718.0M	450.0M	384.0M	326.0M	399.0M	469.0M	627.0M	562.0M	418.0M	438.0M	386.0M	403.0M	341.0M	188.0M	135.0M
Prepayments	9.9M	8.9M	13.6M	12.6M	21.6M	6.6M	6.0M	7.0M	4.9M	6.5M	10.6M	6.6M	7.5M	6.4M	7.0M	5.4M
Inventory	502.0M	478.0M	419.0M	329.0M	254.0M	217.0M	297.0M	280.0M	245.0M	252.0M	202.0M	181.0M	136.0M	122.0M	138.0M	96.3M
Total Current Assets	2.3B	1.7B	1.4B	1.1B	980.0M	991.0M	1.1B	1.2B	1.3B	1.2B	1.4B	685.0M	640.0M	524.0M	403.0M	279.0M
Long Term Equity Investment	--	--	--	--	--	--	--	--	--	--	--	--	9.4M	11.7M	6.6M	5.9M
Fixed Assets	--	683.0M	638.0M	--	668.0M	716.0M	648.0M	593.0M	599.0M	452.0M	449.0M	436.0M	352.0M	290.0M	282.0M	207.0M
Fixed Assets Total	663.0M	683.0M	638.0M	616.0M	668.0M	716.0M	648.0M	593.0M	599.0M	452.0M	449.0M	436.0M	352.0M	290.0M	282.0M	207.0M
Construction In Progress	--	29.0M	73.9M	--	48.7M	118.0M	102.0M	120.0M	56.5M	44.0M	37.8M	50.2M	92.9M	141.0M	12.3M	63.3M
Construction In Progress Total	62.8M	29.0M	73.9M	73.7M	48.7M	118.0M	102.0M	120.0M	56.5M	44.0M	37.8M	50.2M	92.9M	141.0M	12.3M	63.3M
Intangible Assets	60.4M	59.3M	56.4M	56.8M	81.3M	83.2M	90.6M	97.3M	106.0M	115.0M	124.0M	111.0M	70.3M	74.4M	78.6M	25.5M
Total Non Current Assets	992.0M	969.0M	989.0M	975.0M	996.0M	984.0M	921.0M	860.0M	795.0M	693.0M	675.0M	629.0M	543.0M	527.0M	408.0M	327.0M
Total Assets	3.3B	2.7B	2.4B	2.1B	2.0B	2.0B	2.0B	2.1B	2.1B	1.9B	2.1B	1.3B	1.2B	1.1B	811.0M	605.0M
Short Term Borrowings	81.1M	148.0M	153.0M	153.0M	98.1M	143.0M	20.0M	--	--	25.0M	268.0M	235.0M	192.0M	114.0M	30.0M	--
Accounts Payable	863.0M	652.0M	493.0M	331.0M	319.0M	353.0M	308.0M	392.0M	340.0M	234.0M	237.0M	182.0M	164.0M	165.0M	119.0M	83.9M
Advance Receipts	11.0M	9.3M	10.4M	14.2M	15.0M	5.2M	2.1M	3.4M	5.4M	6.0M	4.9M	4.6M	2.3M	2.2M	1.1M	3.1M
Contract Liabilities	15.3M	18.6M	6.7M	8.1M	10.0M	3.3M	3.9M	--	--	--	--	--	--	--	--	--
Total Current Liabilities	1.3B	1.1B	939.0M	664.0M	590.0M	625.0M	489.0M	554.0M	527.0M	391.0M	621.0M	501.0M	403.0M	331.0M	208.0M	124.0M
Long Term Borrowings	--	34.8M	43.8M	18.8M	8.8M	8.8M	10.0M	11.1M	9.6M	1.4M	1.9M	2.8M	15.6M	30.0M	20.1M	5.1M
Total Non Current Liabilities	36.7M	69.5M	77.5M	56.6M	57.2M	55.1M	65.3M	61.0M	54.3M	32.3M	38.1M	38.0M	45.1M	57.9M	26.7M	10.6M
Total Liabilities	1.3B	1.2B	1.0B	721.0M	647.0M	681.0M	555.0M	615.0M	581.0M	423.0M	659.0M	539.0M	448.0M	389.0M	234.0M	135.0M
Paid In Capital	823.0M	790.0M	790.0M	790.0M	790.0M	790.0M	790.0M	790.0M	316.0M	316.0M	316.0M	278.0M	278.0M	263.0M	263.0M	263.0M
Capital Reserve	493.0M	182.0M	182.0M	182.0M	182.0M	182.0M	182.0M	185.0M	659.0M	660.0M	660.0M	42.3M	42.3M	27.6M	27.5M	26.9M
Surplus Reserve	147.0M	139.0M	138.0M	137.0M	135.0M	135.0M	135.0M	135.0M	131.0M	126.0M	121.0M	114.0M	107.0M	95.1M	85.0M	69.2M
Retained Earnings	480.0M	359.0M	283.0M	268.0M	235.0M	194.0M	371.0M	365.0M	368.0M	341.0M	323.0M	310.0M	290.0M	256.0M	177.0M	108.0M
Minority Equity	7.8M	-11.9M	-19.6M	-22.0M	-13.4M	-7.2M	12.0M	14.4M	20.4M	19.9M	21.5M	31.9M	16.9M	20.6M	24.7M	4.1M
Equity Attributable	1.9B	1.5B	1.4B	1.4B	1.3B	1.3B	1.5B	1.5B	1.5B	1.4B	1.4B	744.0M	717.0M	641.0M	552.0M	466.0M
Total Equity	2.0B	1.5B	1.4B	1.4B	1.3B	1.3B	1.5B	1.5B	1.5B	1.5B	1.4B	775.0M	734.0M	662.0M	577.0M	470.0M

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	1.2B	810.0M	890.0M	502.0M	593.0M	430.0M	434.0M	460.0M	615.0M	535.0M	444.0M	437.0M	605.0M	611.0M	613.0M	445.0M
Tax Refunds Received	12.1M	7.1M	15.4M	13.6M	8.3M	10.8M	3.4M	7.4M	3.4M	6.5M	693,700	810,000	--	--	--	--
Total Operating Cash Inflow	1.3B	924.0M	988.0M	574.0M	667.0M	475.0M	488.0M	519.0M	647.0M	571.0M	462.0M	449.0M	611.0M	629.0M	616.0M	448.0M
Cash Paid For Goods	639.0M	525.0M	501.0M	198.0M	279.0M	158.0M	193.0M	219.0M	258.0M	250.0M	157.0M	192.0M	409.0M	391.0M	396.0M	276.0M
Cash Paid To Employees	288.0M	240.0M	206.0M	193.0M	158.0M	150.0M	163.0M	161.0M	146.0M	128.0M	102.0M	88.6M	71.1M	64.1M	46.0M	34.9M
Taxes Paid	61.0M	40.4M	30.9M	26.2M	34.0M	29.8M	32.5M	51.3M	43.9M	41.5M	41.3M	47.4M	54.9M	62.0M	45.9M	32.8M
Total Operating Cash Outflow	1.3B	921.0M	877.0M	535.0M	571.0M	435.0M	501.0M	542.0M	555.0M	495.0M	374.0M	391.0M	593.0M	584.0M	550.0M	390.0M
Operating Cash Flow	1.2M	3.2M	111.0M	39.6M	95.7M	39.8M	-12.8M	-22.9M	92.0M	75.8M	88.7M	58.1M	18.2M	45.0M	66.7M	57.8M
Total Investing Cash Inflow	608.0M	351.0M	243.0M	254.0M	106.0M	201.0M	423.0M	1.6B	1.2B	924.0M	34.8M	13.1M	17.2M	26.1M	1.5M	8.2M
Total Investing Cash Outflow	711.0M	402.0M	360.0M	356.0M	124.0M	364.0M	469.0M	1.5B	1.6B	974.0M	83.7M	59.2M	59.7M	148.0M	82.2M	68.5M
Investing Cash Flow	-103.0M	-50.4M	-117.0M	-102.0M	-18.2M	-163.0M	-45.8M	97.2M	-400.0M	-49.8M	-48.9M	-46.1M	-42.5M	-122.0M	-80.7M	-60.2M
Cash From Borrowings	164.0M	173.0M	225.0M	188.0M	225.0M	304.0M	238.0M	132.0M	200.0M	165.0M	345.0M	327.0M	206.0M	191.0M	50.0M	--
Dividends And Interest Paid	24.3M	7.3M	4.9M	4.5M	4.3M	3.0M	1.5M	32.0M	32.2M	38.3M	39.9M	37.1M	38.5M	30.8M	20.0M	13.8M
Debt Repayments	291.0M	153.0M	200.0M	123.0M	270.0M	181.0M	218.0M	131.0M	226.0M	409.0M	317.0M	320.0M	142.0M	88.6M	--	--
Total Financing Cash Inflow	511.0M	173.0M	225.0M	191.0M	225.0M	304.0M	238.0M	132.0M	200.0M	165.0M	1.0B	396.0M	248.0M	191.0M	50.0M	--
Total Financing Cash Outflow	316.0M	162.0M	206.0M	131.0M	274.0M	184.0M	220.0M	163.0M	261.0M	447.0M	358.0M	426.0M	187.0M	122.0M	20.0M	13.8M
Financing Cash Flow	195.0M	11.2M	19.5M	60.5M	-49.3M	120.0M	18.5M	-31.3M	-60.8M	-282.0M	647.0M	-30.4M	60.3M	68.9M	30.0M	-13.8M
Net Change In Cash	93.1M	-35.8M	13.0M	-2.4M	27.9M	-3.2M	-40.1M	43.1M	-369.0M	-257.0M	684.0M	-18.2M	36.1M	-8.2M	16.1M	-16.2M
Ending Cash Balance	213.0M	120.0M	156.0M	143.0M	145.0M	117.0M	120.0M	160.0M	117.0M	486.0M	743.0M	58.6M	76.8M	40.7M	48.9M	32.8M
Capex	101.0M	63.6M	77.3M	78.1M	93.8M	158.0M	141.0M	103.0M	121.0M	62.0M	78.1M	31.2M	55.7M	142.0M	76.0M	68.5M