XIAMEN CHANGELIGHT - Financials

XIAMEN CHANGELIGHT — 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
+Revenue	2.4B	2.4B	1.7B	1.9B	1.3B	1.0B	1.0B	1.1B	1.1B	614.0M	426.0M	480.0M	376.0M	377.0M	297.0M	192.0M	155.0M	70.6M
Revenue Growth %	1.9%	40.6%	-9.6%	42.8%	26.7%	0.9%	-8.8%	-1.7%	87.3%	44.1%	-11.2%	27.7%	-0.3%	26.9%	54.7%	23.9%	119.7%	--
Total Revenue	2.4B	2.4B	1.7B	1.9B	1.3B	1.0B	1.0B	1.1B	1.1B	614.0M	426.0M	480.0M	376.0M	377.0M	297.0M	192.0M	155.0M	70.6M
Cost Of Revenue	2.0B	2.1B	1.4B	1.4B	1.2B	960.0M	729.0M	713.0M	900.0M	493.0M	262.0M	294.0M	219.0M	151.0M	115.0M	79.0M	67.3M	36.0M
+Gross Profit	406.0M	295.0M	282.0M	481.0M	89.0M	79.0M	301.0M	417.0M	250.0M	121.0M	164.0M	186.0M	157.0M	226.0M	182.0M	113.0M	87.7M	34.6M
Gross Margin %	16.7%	12.4%	16.6%	25.6%	6.8%	7.6%	29.2%	36.9%	21.7%	19.7%	38.5%	38.8%	41.8%	59.9%	61.3%	58.8%	56.6%	49.0%
Total Operating Cost	2.5B	2.5B	1.8B	1.7B	1.7B	1.5B	1.0B	960.0M	1.1B	736.0M	382.0M	389.0M	289.0M	212.0M	160.0M	105.0M	93.4M	48.8M
Selling Expenses	31.0M	22.9M	22.6M	21.9M	13.7M	17.7M	18.1M	19.5M	19.3M	14.0M	11.5M	8.5M	7.5M	5.2M	4.2M	2.4M	1.4M	723,000
Admin Expenses	169.0M	124.0M	151.0M	154.0M	128.0M	177.0M	146.0M	95.0M	124.0M	127.0M	83.6M	64.8M	44.4M	45.0M	34.8M	20.6M	14.7M	5.8M
Rd Expenses	159.0M	121.0M	114.0M	92.3M	61.6M	66.1M	61.3M	72.6M	--	--	--	--	--	--	--	--	--	--
Finance Expenses	44.3M	45.2M	53.4M	79.3M	97.7M	73.4M	26.7M	11.4M	7.9M	9.6M	592,600	-2.9M	-2.8M	-3.0M	250,000	2.4M	5.0M	5.9M
+Operating Income	72.2M	7.9M	-69.4M	203.0M	-298.0M	-330.0M	210.0M	253.0M	13.3M	-123.0M	52.4M	108.0M	107.0M	187.0M	141.0M	87.4M	61.8M	21.8M
Operating Margin %	3.0%	0.3%	-4.1%	10.8%	-22.6%	-31.8%	20.4%	22.4%	1.2%	-20.0%	12.3%	22.5%	28.5%	49.6%	47.5%	45.5%	39.9%	30.9%
Non Operating Income	14.7M	2.9M	2.8M	982,100	1.3M	1.5M	1.4M	2.3M	43.3M	15.4M	16.0M	16.8M	20.9M	24.2M	27.2M	10.6M	2.3M	307,900
Non Operating Expenses	2.5M	812,900	1.4M	1.0M	1.0M	1.6M	2.8M	3.0M	1.8M	640,800	1.7M	224,200	379,700	1.8M	3.5M	2,800	27,900	26,300
Investment Income	7.8M	539,500	6.4M	-9.0M	-16.6M	12.5M	8.7M	6.1M	1.8M	-1.2M	8.5M	17.5M	19.5M	21.9M	3.7M	--	--	--
Fair Value Change Income	5.0M	2.2M	6.9M	6.7M	-304,500	1.3M	39,400	-39,400	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	1.9M	93,100	-35,800	6,100	11,100	-254,900	11.9M	1.4M	-347,900	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	48.1M	79.7M	74.1M	13.3M	106.0M	152.0M	21.9M	39.0M	80.4M	90.3M	22.7M	23.1M	19.6M	11.8M	2.9M	379,400	4.7M	--
Other Income	118.0M	122.0M	68.5M	68.2M	65.6M	130.0M	169.0M	75.3M	--	--	--	--	--	--	--	--	--	--
Income Before Tax	84.4M	10.0M	-68.0M	203.0M	-297.0M	-330.0M	209.0M	252.0M	54.7M	-108.0M	66.7M	125.0M	127.0M	209.0M	165.0M	98.0M	64.1M	22.1M
Income Tax	-11.7M	-21.6M	-16.8M	17.4M	-49.6M	-49.8M	28.6M	41.6M	6.3M	-18.0M	10.8M	19.5M	18.8M	31.3M	27.9M	13.9M	-1.9M	-25,000
+Net Income	96.1M	31.5M	-51.3M	186.0M	-248.0M	-280.0M	180.0M	211.0M	48.4M	-90.2M	55.9M	105.0M	108.0M	178.0M	137.0M	84.1M	65.9M	22.1M
Net Margin %	3.9%	1.3%	-3.0%	9.9%	-18.8%	-26.9%	17.5%	18.7%	4.2%	-14.7%	13.1%	21.9%	28.7%	47.2%	46.1%	43.8%	42.5%	31.3%
Net Income Attributable	96.1M	31.6M	-50.4M	187.0M	-247.0M	-280.0M	180.0M	211.0M	48.4M	-90.2M	55.9M	105.0M	108.0M	178.0M	137.0M	84.1M	65.9M	22.1M
Minority Interest	0.00	-60,800	-911,500	-912,700	-776,800	-45,600	1,300	--	--	--	--	--	--	--	--	--	--	--
Eps Basic	0.10	0.03	-0.06	0.26	-0.35	-0.40	0.26	0.30	0.07	-0.15	0.09	0.36	0.37	0.60	0.50	0.95	0.75	0.25
Eps Diluted	0.10	0.03	-0.06	0.26	-0.35	-0.40	0.25	0.30	0.07	-0.15	0.09	0.36	0.37	0.60	0.50	0.95	0.75	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
Cash And Equivalents	699.0M	671.0M	1.0B	427.0M	511.0M	867.0M	738.0M	2.0B	257.0M	401.0M	382.0M	672.0M	770.0M	877.0M	1.2B	52.8M	69.7M	27.5M
Trading Financial Assets	427.0M	421.0M	600.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	866.0M	846.0M	613.0M	695.0M	774.0M	695.0M	563.0M	535.0M	607.0M	366.0M	291.0M	345.0M	269.0M	219.0M	132.0M	89.7M	87.3M	41.3M
Notes Receivable	28.5M	9.4M	3.4M	112.0M	108.0M	9.4M	537.0M	393.0M	331.0M	209.0M	152.0M	164.0M	104.0M	45.4M	22.7M	11.5M	4.3M	907,400
Notes And Accounts Receivable	894.0M	855.0M	617.0M	807.0M	882.0M	705.0M	1.1B	928.0M	938.0M	575.0M	443.0M	510.0M	374.0M	264.0M	155.0M	101.0M	91.7M	42.2M
Prepayments	15.5M	10.6M	13.7M	19.8M	15.0M	15.8M	14.4M	49.9M	12.3M	13.0M	6.9M	10.4M	24.8M	4.4M	44.2M	8.9M	8.4M	6.4M
Inventory	575.0M	478.0M	537.0M	464.0M	367.0M	456.0M	447.0M	276.0M	237.0M	245.0M	147.0M	93.7M	131.0M	127.0M	39.8M	16.0M	24.4M	15.9M
Total Current Assets	3.0B	2.9B	3.3B	2.3B	2.3B	2.8B	2.6B	3.4B	1.7B	1.8B	1.0B	1.3B	1.3B	1.3B	1.5B	179.0M	195.0M	98.5M
Long Term Equity Investment	101.0M	110.0M	114.0M	96.5M	66.4M	95.4M	129.0M	91.3M	11.0M	4.4M	5.1M	20.3M	--	--	--	--	--	--
Fixed Assets	--	2.8B	2.9B	3.1B	3.4B	3.4B	1.6B	1.4B	1.4B	1.4B	663.0M	563.0M	469.0M	506.0M	211.0M	86.5M	89.8M	57.2M
Fixed Assets Total	2.9B	2.8B	2.9B	3.1B	3.4B	3.4B	1.6B	1.4B	1.4B	1.4B	663.0M	563.0M	469.0M	506.0M	211.0M	86.5M	89.8M	57.2M
Construction In Progress	--	204.0M	215.0M	105.0M	88.0M	243.0M	1.6B	189.0M	35.0M	63.2M	364.0M	63.9M	67.3M	32.7M	2.9M	38.9M	2.6M	594,500
Construction In Progress Total	179.0M	204.0M	215.0M	105.0M	88.0M	243.0M	1.6B	189.0M	35.0M	63.2M	364.0M	63.9M	67.3M	32.7M	2.9M	38.9M	2.6M	594,500
Intangible Assets	160.0M	173.0M	175.0M	181.0M	166.0M	140.0M	114.0M	62.8M	41.9M	43.1M	41.6M	35.9M	13.9M	13.4M	13.5M	13.3M	161,600	185,500
Long Term Deferred Expenses	615,100	729,100	--	--	790,400	1.7M	4.1M	220,500	275,600	43,300	86,600	545,700	945,400	1.5M	1.9M	579,400	701,600	3.8M
Total Non Current Assets	3.7B	3.7B	3.7B	3.8B	3.9B	4.1B	3.7B	1.9B	1.6B	1.5B	1.1B	695.0M	559.0M	557.0M	233.0M	143.0M	95.1M	61.8M
Total Assets	6.7B	6.6B	7.0B	6.1B	6.2B	6.9B	6.4B	5.3B	3.3B	3.4B	2.1B	2.0B	1.9B	1.8B	1.7B	322.0M	290.0M	160.0M
Short Term Borrowings	682.0M	460.0M	465.0M	603.0M	569.0M	571.0M	743.0M	593.0M	--	34.5M	--	--	--	--	--	30.0M	75.0M	43.6M
Accounts Payable	529.0M	420.0M	293.0M	378.0M	429.0M	522.0M	501.0M	182.0M	186.0M	225.0M	136.0M	75.4M	57.6M	81.6M	28.9M	18.8M	13.5M	15.6M
Advance Receipts	--	--	--	--	--	1.0M	1.5M	7.3M	2.6M	3.8M	4.6M	9.2M	3.9M	3.8M	4.1M	1.7M	3.8M	2.2M
Contract Liabilities	1.4M	1.7M	3.9M	1.3M	1.1M	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	2.0B	1.5B	1.8B	2.4B	2.5B	1.8B	1.9B	1.4B	539.0M	585.0M	281.0M	157.0M	77.3M	48.6M	47.4M	72.2M	107.0M	122.0M
Long Term Borrowings	353.0M	638.0M	777.0M	715.0M	960.0M	1.0B	175.0M	--	--	--	5.0M	5.0M	--	--	--	--	--	--
Total Non Current Liabilities	591.0M	899.0M	1.1B	1.1B	1.4B	2.5B	1.6B	1.2B	258.0M	324.0M	66.6M	42.4M	45.0M	35.8M	35.0M	24.8M	6.9M	833,300
Total Liabilities	2.6B	2.4B	2.9B	3.5B	3.9B	4.3B	3.5B	2.6B	797.0M	909.0M	347.0M	199.0M	122.0M	84.4M	82.4M	97.0M	114.0M	123.0M
Paid In Capital	920.0M	913.0M	904.0M	707.0M	708.0M	708.0M	720.0M	716.0M	705.0M	705.0M	295.0M	295.0M	295.0M	295.0M	118.0M	88.5M	65.0M	15.0M
Capital Reserve	3.0B	3.0B	2.9B	1.6B	1.5B	1.5B	1.6B	1.6B	1.5B	1.5B	1.1B	1.1B	1.1B	1.1B	1.3B	80.0M	23.8M	--
Surplus Reserve	81.4M	79.2M	74.3M	70.8M	67.2M	67.2M	66.9M	59.0M	46.8M	44.3M	44.3M	38.1M	36.1M	30.4M	19.6M	8.2M	8.8M	2.2M
Retained Earnings	281.0M	187.0M	160.0M	228.0M	44.7M	292.0M	588.0M	437.0M	246.0M	200.0M	302.0M	311.0M	267.0M	282.0M	174.0M	48.2M	79.2M	19.9M
Minority Equity	390,300	390,300	1.2M	1.8M	2.7M	3.5M	201,300	--	--	--	--	--	--	--	--	--	--	--
Equity Attributable	4.1B	4.2B	4.1B	2.6B	2.4B	2.6B	2.9B	2.7B	2.5B	2.5B	1.8B	1.8B	1.7B	1.8B	1.6B	225.0M	177.0M	37.1M
Total Equity	4.1B	4.2B	4.1B	2.6B	2.4B	2.6B	2.9B	2.7B	2.5B	2.5B	1.8B	1.8B	1.7B	1.8B	1.6B	225.0M	177.0M	37.1M

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
Cash From Sales	2.5B	2.2B	1.6B	1.4B	1.0B	946.0M	1.0B	1.3B	871.0M	485.0M	562.0M	429.0M	288.0M	221.0M	183.0M	167.0M	104.0M	32.9M
Tax Refunds Received	9.5M	5.7M	209.0M	16.0M	154.0M	1.1M	1.7M	9.0M	6.3M	301,200	18,800	950,500	--	--	--	4.4M	--	--
Total Operating Cash Inflow	2.7B	2.3B	1.9B	1.5B	1.3B	1.4B	1.3B	1.4B	921.0M	548.0M	613.0M	442.0M	377.0M	254.0M	217.0M	228.0M	113.0M	35.7M
Cash Paid For Goods	1.5B	1.4B	860.0M	440.0M	718.0M	616.0M	668.0M	443.0M	701.0M	418.0M	247.0M	180.0M	144.0M	135.0M	21.9M	19.5M	48.8M	28.8M
Cash Paid To Employees	449.0M	364.0M	374.0M	356.0M	328.0M	339.0M	282.0M	207.0M	179.0M	135.0M	93.3M	62.4M	52.9M	42.5M	19.2M	14.6M	11.0M	5.6M
Taxes Paid	120.0M	109.0M	92.1M	98.4M	63.4M	42.5M	29.8M	79.5M	45.9M	67.9M	50.3M	33.0M	38.1M	65.5M	66.7M	36.7M	16.9M	998,700
Total Operating Cash Outflow	2.2B	2.0B	1.4B	979.0M	1.2B	1.1B	1.1B	880.0M	992.0M	702.0M	496.0M	302.0M	262.0M	275.0M	131.0M	85.3M	80.9M	51.9M
Operating Cash Flow	546.0M	271.0M	474.0M	552.0M	124.0M	269.0M	234.0M	493.0M	-71.7M	-153.0M	116.0M	140.0M	115.0M	-21.1M	86.1M	143.0M	32.0M	-16.2M
Total Investing Cash Inflow	916.0M	1.2B	1.2B	299,500	121.0M	20.1M	14.0M	292.0M	639.0M	135.0M	535.0M	800.0M	793.0M	1.0B	1.4M	106,700	8.8M	--
Total Investing Cash Outflow	1.0B	1.4B	2.0B	192.0M	237.0M	744.0M	2.0B	764.0M	439.0M	1.0B	795.0M	732.0M	856.0M	1.4B	481.0M	66.3M	45.3M	26.9M
Investing Cash Flow	-130.0M	-156.0M	-848.0M	-192.0M	-117.0M	-724.0M	-1.9B	-472.0M	200.0M	-882.0M	-260.0M	68.1M	-62.3M	-393.0M	-480.0M	-66.2M	-36.5M	-26.9M
Cash From Borrowings	1.0B	892.0M	826.0M	678.0M	788.0M	1.6B	971.0M	1.7B	--	160.0M	47.8M	5.0M	--	--	102.0M	85.0M	115.0M	126.0M
Dividends And Interest Paid	40.8M	62.4M	97.4M	101.0M	98.4M	73.9M	67.6M	9.7M	93,100	14.5M	59.3M	68.2M	109.0M	59.0M	6.7M	34.6M	9.9M	1.6M
Debt Repayments	1.0B	1.4B	1.3B	968.0M	810.0M	597.0M	653.0M	--	39.5M	126.0M	47.6M	--	--	--	132.0M	130.0M	133.0M	72.3M
Total Financing Cash Inflow	1.0B	959.0M	2.3B	736.0M	799.0M	1.6B	1.0B	1.7B	--	1.2B	47.8M	5.0M	--	--	1.4B	85.0M	189.0M	126.0M
Total Financing Cash Outflow	1.4B	1.5B	1.5B	1.2B	1.0B	835.0M	783.0M	110.0M	151.0M	185.0M	107.0M	68.2M	109.0M	59.2M	145.0M	165.0M	143.0M	73.9M
Financing Cash Flow	-419.0M	-514.0M	817.0M	-429.0M	-205.0M	731.0M	224.0M	1.6B	-151.0M	976.0M	-59.1M	-63.2M	-109.0M	-59.2M	1.2B	-79.7M	46.2M	52.4M
Net Change In Cash	-2.2M	-400.0M	442.0M	-68.4M	-198.0M	276.0M	-1.5B	1.6B	-21.9M	-58.6M	-203.0M	146.0M	-56.5M	-473.0M	835.0M	-2.8M	42.3M	9.4M
Ending Cash Balance	427.0M	429.0M	829.0M	387.0M	455.0M	653.0M	378.0M	1.9B	218.0M	240.0M	298.0M	502.0M	356.0M	412.0M	885.0M	50.3M	53.1M	10.8M
Capex	255.0M	248.0M	223.0M	177.0M	237.0M	689.0M	1.9B	514.0M	238.0M	517.0M	430.0M	178.0M	75.9M	319.0M	168.0M	66.3M	40.3M	26.9M