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南兴股份 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
+Revenue 3.3B 3.6B 3.0B 2.8B 2.1B
Revenue Growth % -8.2% 22.6% 6.6% 30.2% --
Total Revenue 3.3B 3.6B 3.0B 2.8B 2.1B
Cost Of Revenue 2.7B 2.9B 2.3B 2.1B 1.6B
+Gross Profit 633.0M 704.0M 659.0M 652.0M 541.0M
Gross Margin % 19.0% 19.4% 22.3% 23.5% 25.4%
Total Operating Cost 3.5B 3.4B 2.7B 2.5B 1.9B
Selling Expenses 59.0M 57.5M 49.9M 50.2M 35.4M
Admin Expenses 142.0M 140.0M 135.0M 135.0M 118.0M
Rd Expenses 139.0M 138.0M 119.0M 127.0M 95.1M
Finance Expenses 27.1M 25.3M 23.0M 14.9M 5.6M
+Operating Income -119.0M 224.0M 339.0M 335.0M 303.0M
Operating Margin % -3.6% 6.2% 11.5% 12.1% 14.2%
Non Operating Income 37,100 1.1M 23,800 318,100 69,000
Non Operating Expenses 7.3M 1.3M 2.6M 879,300 3.5M
Investment Income 8.0M 6.8M 3.2M 2.4M 6.2M
Fair Value Change Income -57,200 376,700 -3.0M -- --
Asset Disposal Income 513,200 815,900 65,700 -396,600 54,200
Asset Impairment Loss 385.0M 142.0M 5.7M -4.9M 5.4M
Other Income 17.4M 33.3M 37.6M 31.6M 32.3M
Income Before Tax -127.0M 224.0M 337.0M 335.0M 299.0M
Income Tax 48.6M 42.7M 35.3M 37.7M 35.3M
+Net Income -175.0M 181.0M 301.0M 297.0M 264.0M
Net Margin % -5.3% 5.0% 10.2% 10.7% 12.4%
Net Income Attributable -175.0M 173.0M 292.0M 291.0M 260.0M
Minority Interest -262,600 7.6M 9.0M 5.9M 3.9M
Eps Basic -0.59 0.59 0.99 0.99 0.88
Eps Diluted -0.59 0.59 0.99 0.99 0.88
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 337.0M 479.0M 510.0M 585.0M 401.0M
Trading Financial Assets 380.0M 287.0M 80.0M -- 100.0M
Accounts Receivable 392.0M 509.0M 578.0M 379.0M 350.0M
Notes Receivable 6.2M 12.9M 2.9M 5.0M --
Notes And Accounts Receivable 398.0M 522.0M 581.0M 384.0M 350.0M
Prepayments 50.3M 28.2M 35.5M 19.1M 34.5M
Inventory 425.0M 417.0M 502.0M 355.0M 218.0M
Total Current Assets 1.7B 1.8B 1.8B 1.4B 1.2B
Long Term Equity Investment 7.5M 7.7M 11.4M 12.7M 7.3M
Fixed Assets -- 1.0B 1.1B 994.0M 756.0M
Fixed Assets Total 1.2B 1.0B 1.1B 994.0M 756.0M
Construction In Progress -- 180.0M 92.4M 70.6M 140.0M
Construction In Progress Total 1.7M 180.0M 92.4M 70.6M 140.0M
Intangible Assets 231.0M 95.9M 103.0M 95.5M 103.0M
Long Term Deferred Expenses 20.8M 30.6M 31.1M 17.7M 11.3M
Total Non Current Assets 1.8B 2.1B 2.2B 2.0B 1.7B
Total Assets 3.5B 3.9B 4.0B 3.5B 2.8B
Short Term Borrowings 21.5M 74.4M -- 111.0M 13.0M
Accounts Payable 382.0M 511.0M 515.0M 338.0M 349.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 87.7M 72.8M 82.1M 79.7M 52.6M
Total Current Liabilities 758.0M 896.0M 813.0M 720.0M 599.0M
Long Term Borrowings 456.0M 410.0M 469.0M 281.0M 172.0M
Total Non Current Liabilities 675.0M 647.0M 703.0M 484.0M 188.0M
Total Liabilities 1.4B 1.5B 1.5B 1.2B 786.0M
Paid In Capital 295.0M 295.0M 295.0M 295.0M 295.0M
Capital Reserve 848.0M 848.0M 848.0M 848.0M 848.0M
Surplus Reserve 177.0M 177.0M 142.0M 117.0M 88.6M
Retained Earnings 666.0M 989.0M 1.1B 967.0M 793.0M
Minority Equity 31.5M 38.1M 36.3M 27.2M 21.3M
Equity Attributable 2.0B 2.3B 2.4B 2.2B 2.0B
Total Equity 2.0B 2.4B 2.4B 2.3B 2.0B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 3.8B 4.0B 3.1B 3.1B 2.4B
Tax Refunds Received 13.1M 14.4M 20.8M 4.2M 4.3M
Total Operating Cash Inflow 3.8B 4.1B 3.2B 3.1B 2.4B
Cash Paid For Goods 2.9B 3.0B 2.4B 2.3B 1.6B
Cash Paid To Employees 328.0M 317.0M 290.0M 290.0M 200.0M
Taxes Paid 158.0M 146.0M 114.0M 127.0M 105.0M
Total Operating Cash Outflow 3.4B 3.5B 2.9B 2.8B 2.0B
Operating Cash Flow 365.0M 580.0M 256.0M 280.0M 474.0M
Total Investing Cash Inflow 4.1B 3.4B 1.5B 871.0M 1.7B
Total Investing Cash Outflow 4.4B 3.8B 1.8B 1.1B 2.0B
Investing Cash Flow -334.0M -351.0M -265.0M -202.0M -330.0M
Cash From Borrowings 460.0M 134.0M 272.0M 270.0M 141.0M
Dividends And Interest Paid 174.0M 294.0M 136.0M 101.0M 68.6M
Debt Repayments 435.0M 72.5M 175.0M 57.5M 127.0M
Total Financing Cash Inflow 460.0M 134.0M 272.0M 270.0M 141.0M
Total Financing Cash Outflow 633.0M 389.0M 327.0M 171.0M 198.0M
Financing Cash Flow -173.0M -255.0M -55.1M 99.0M -57.5M
Net Change In Cash -142.0M -25.7M -63.5M 178.0M 86.2M
Ending Cash Balance 337.0M 479.0M 505.0M 568.0M 390.0M
Capex 253.0M 163.0M 193.0M 306.0M 286.0M
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