昇兴股份 - Financials

昇兴股份 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
+Revenue	7.2B	7.1B	7.1B	7.1B	5.7B
Revenue Growth %	0.6%	0.5%	0.6%	23.8%	--
Total Revenue	7.2B	7.1B	7.1B	7.1B	5.7B
Cost Of Revenue	6.4B	6.1B	6.1B	6.4B	5.1B
+Gross Profit	791.0M	1.0B	946.0M	676.0M	594.0M
Gross Margin %	11.0%	14.5%	13.3%	9.6%	10.4%
Total Operating Cost	6.9B	6.6B	6.7B	6.9B	5.5B
Selling Expenses	32.6M	36.2M	34.1M	31.6M	28.4M
Admin Expenses	289.0M	284.0M	258.0M	221.0M	208.0M
Rd Expenses	43.3M	46.3M	45.7M	49.5M	36.7M
Finance Expenses	35.4M	31.9M	72.4M	99.9M	93.3M
+Operating Income	372.0M	537.0M	398.0M	229.0M	214.0M
Operating Margin %	5.2%	7.5%	5.6%	3.2%	3.8%
Non Operating Income	2.2M	1.4M	1.9M	4.8M	2.0M
Non Operating Expenses	7.2M	4.4M	14.7M	1.4M	2.6M
Investment Income	5.9M	6.4M	5.2M	6.2M	5.0M
Fair Value Change Income	2.3M	-1.5M	3.3M	-1.1M	--
Asset Disposal Income	12.7M	722,700	554,400	-465,000	603,100
Asset Impairment Loss	25.4M	77.9M	112.0M	23.6M	12.2M
Other Income	29.9M	35.4M	15.2M	23.1M	23.0M
Income Before Tax	367.0M	534.0M	385.0M	232.0M	214.0M
Income Tax	62.5M	109.0M	49.8M	17.5M	43.2M
+Net Income	305.0M	425.0M	335.0M	215.0M	171.0M
Net Margin %	4.3%	6.0%	4.7%	3.0%	3.0%
Net Income Attributable	307.0M	423.0M	333.0M	209.0M	170.0M
Minority Interest	-2.3M	1.6M	2.2M	5.6M	138,300
Eps Basic	0.31	0.43	0.34	0.21	0.18
Eps Diluted	0.31	0.43	0.34	0.21	0.18

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Equivalents	750.0M	1.0B	1.6B	812.0M	754.0M
Trading Financial Assets	--	--	--	200,000	161.0M
Accounts Receivable	1.8B	1.9B	1.8B	1.6B	1.2B
Notes Receivable	3.4M	16.4M	18.6M	341.0M	310.0M
Notes And Accounts Receivable	1.8B	1.9B	1.8B	2.0B	1.5B
Prepayments	239.0M	173.0M	197.0M	115.0M	274.0M
Inventory	1.0B	842.0M	831.0M	947.0M	1.0B
Total Current Assets	4.0B	4.1B	4.6B	4.0B	4.1B
Long Term Equity Investment	--	--	39.2M	28.9M	23.8M
Fixed Assets	2.8B	2.9B	3.0B	2.9B	2.4B
Fixed Assets Total	2.8B	2.9B	3.0B	2.9B	2.4B
Construction In Progress	132.0M	208.0M	217.0M	359.0M	245.0M
Construction In Progress Total	132.0M	208.0M	217.0M	360.0M	247.0M
Intangible Assets	352.0M	364.0M	375.0M	366.0M	333.0M
Long Term Deferred Expenses	51.1M	24.5M	31.3M	32.0M	30.8M
Total Non Current Assets	3.8B	3.8B	4.0B	4.1B	3.7B
Total Assets	7.8B	7.9B	8.6B	8.1B	7.8B
Short Term Borrowings	834.0M	1.2B	1.9B	1.3B	1.1B
Accounts Payable	677.0M	627.0M	752.0M	1.1B	935.0M
Advance Receipts	4.0M	1.3M	1.3M	1.3M	1.2M
Contract Liabilities	53.1M	35.5M	44.0M	50.9M	107.0M
Total Current Liabilities	3.6B	4.0B	4.9B	4.2B	4.0B
Long Term Borrowings	373.0M	287.0M	370.0M	613.0M	421.0M
Total Non Current Liabilities	579.0M	471.0M	538.0M	809.0M	620.0M
Total Liabilities	4.2B	4.5B	5.4B	5.0B	4.6B
Paid In Capital	977.0M	977.0M	977.0M	977.0M	977.0M
Capital Reserve	797.0M	859.0M	865.0M	1.2B	1.3B
Surplus Reserve	139.0M	102.0M	88.0M	60.9M	56.3M
Retained Earnings	1.6B	1.5B	1.1B	890.0M	754.0M
Minority Equity	17.9M	70.6M	59.1M	53.0M	56.5M
Equity Attributable	3.5B	3.4B	3.1B	3.1B	3.1B
Total Equity	3.6B	3.5B	3.1B	3.1B	3.1B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash From Sales	7.4B	7.1B	6.9B	7.1B	5.2B
Tax Refunds Received	11.5M	42.2M	55.4M	83.0M	31.7M
Total Operating Cash Inflow	7.6B	7.5B	7.2B	7.6B	5.9B
Cash Paid For Goods	6.0B	5.8B	4.7B	5.6B	4.6B
Cash Paid To Employees	567.0M	556.0M	523.0M	496.0M	429.0M
Taxes Paid	236.0M	323.0M	285.0M	139.0M	119.0M
Total Operating Cash Outflow	7.1B	6.9B	5.8B	6.8B	5.9B
Operating Cash Flow	560.0M	524.0M	1.4B	749.0M	-78.6M
Total Investing Cash Inflow	78.3M	74.6M	81.8M	918.0M	825.0M
Total Investing Cash Outflow	349.0M	350.0M	534.0M	1.3B	1.4B
Investing Cash Flow	-270.0M	-276.0M	-453.0M	-385.0M	-585.0M
Cash From Borrowings	1.4B	1.6B	2.8B	2.5B	1.7B
Dividends And Interest Paid	128.0M	93.7M	118.0M	133.0M	78.3M
Debt Repayments	1.2B	1.6B	2.4B	2.1B	1.3B
Total Financing Cash Inflow	1.4B	1.7B	2.8B	2.5B	2.5B
Total Financing Cash Outflow	1.7B	2.1B	3.7B	2.7B	1.8B
Financing Cash Flow	-289.0M	-482.0M	-879.0M	-222.0M	701.0M
Net Change In Cash	1.2M	-230.0M	83.8M	137.0M	36.2M
Ending Cash Balance	291.0M	289.0M	520.0M	436.0M	268.0M
Capex	290.0M	314.0M	421.0M	545.0M	505.0M