天华新能 - Financials

天华新能 — 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	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	7.5B	6.6B	10.5B	17.0B	3.4B	1.3B	758.0M	778.0M	736.0M	591.0M	460.0M	390.0M	346.0M	335.0M	272.0M	171.0M	93.1M
Revenue Growth %	14.2%	-36.9%	-38.5%	401.2%	158.8%	73.2%	-2.6%	5.7%	24.5%	28.5%	17.9%	12.7%	3.3%	23.2%	59.1%	83.7%	--
Total Revenue	7.5B	6.6B	10.5B	17.0B	3.4B	1.3B	758.0M	778.0M	736.0M	591.0M	460.0M	390.0M	346.0M	335.0M	272.0M	171.0M	93.1M
Cost Of Revenue	6.5B	5.1B	7.5B	6.1B	1.7B	794.0M	533.0M	578.0M	576.0M	458.0M	340.0M	290.0M	257.0M	247.0M	197.0M	118.0M	61.6M
+Gross Profit	1.1B	1.5B	2.9B	11.0B	1.7B	519.0M	225.0M	200.0M	160.0M	133.0M	120.0M	100.0M	89.0M	88.0M	75.0M	53.0M	31.5M
Gross Margin %	14.5%	22.6%	27.9%	64.4%	51.1%	39.5%	29.7%	25.7%	21.7%	22.5%	26.1%	25.6%	25.7%	26.3%	27.6%	31.0%	33.9%
Total Operating Cost	7.3B	6.0B	8.3B	6.7B	2.0B	1.0B	687.0M	721.0M	697.0M	570.0M	404.0M	343.0M	302.0M	293.0M	239.0M	149.0M	81.0M
Selling Expenses	56.8M	52.5M	52.4M	51.9M	38.5M	47.8M	46.0M	42.4M	30.7M	28.3M	19.6M	17.9M	14.0M	14.5M	12.6M	9.7M	5.6M
Admin Expenses	385.0M	407.0M	505.0M	370.0M	143.0M	73.5M	51.1M	47.1M	42.9M	64.7M	42.5M	33.0M	27.6M	26.4M	23.9M	17.8M	12.0M
Rd Expenses	125.0M	91.4M	90.4M	60.1M	52.5M	57.1M	31.5M	29.7M	24.7M	--	--	--	--	--	--	--	--
Finance Expenses	37.7M	1.4M	-189.0M	-64.6M	37.7M	15.2M	3.0M	294,100	9.9M	-4.1M	-2.5M	274,200	1.0M	1.3M	2.1M	1.4M	700,600
+Operating Income	544.0M	1.2B	2.5B	10.3B	1.5B	328.0M	74.7M	54.2M	40.8M	20.3M	55.7M	46.9M	43.8M	41.8M	32.4M	22.2M	12.1M
Operating Margin %	7.2%	18.5%	23.6%	60.6%	43.3%	25.0%	9.9%	7.0%	5.5%	3.4%	12.1%	12.0%	12.7%	12.5%	11.9%	13.0%	13.0%
Non Operating Income	3.7M	2.3M	3.5M	2.6M	3.6M	1.0M	130,900	8.1M	1.7M	3.1M	2.8M	3.3M	1.1M	2.8M	1.0M	339,000	633,400
Non Operating Expenses	14.4M	856,300	7.6M	3.1M	2.6M	1.3M	282,600	73,000	531,500	396,100	629,900	200,800	248,500	57,100	109,200	181,500	1,300
Investment Income	206.0M	51.8M	-55.2M	-70.9M	4.1M	57.7M	796,200	86,800	-603,200	-1.6M	-18,600	--	--	--	--	-71,000	--
Fair Value Change Income	-169,800	11.0M	323,000	--	-472,500	--	--	--	--	1.3M	-683,900	--	--	--	--	--	--
Asset Disposal Income	-694,900	-2.2M	-2.5M	-31.8M	28.9M	-9.4M	-358,600	-6.0M	42,200	-636,800	--	--	--	--	--	--	--
Asset Impairment Loss	45.6M	194.0M	301.0M	10.3M	7.2M	39.0M	9.2M	15.9M	6.7M	18.5M	1.2M	519,000	421,600	1.8M	1.3M	401,000	167,200
Other Income	66.9M	523.0M	413.0M	93.8M	19.4M	8.5M	2.9M	3.1M	2.6M	--	--	--	--	--	--	--	--
Income Before Tax	533.0M	1.2B	2.5B	10.3B	1.5B	328.0M	74.6M	62.2M	42.0M	23.0M	57.8M	49.9M	44.6M	44.6M	33.3M	22.4M	12.8M
Income Tax	85.3M	221.0M	353.0M	1.5B	220.0M	37.3M	9.7M	9.0M	7.5M	5.4M	9.3M	8.3M	7.8M	8.0M	6.0M	3.8M	2.1M
+Net Income	448.0M	1.0B	2.1B	8.8B	1.3B	291.0M	64.8M	53.2M	34.5M	17.6M	48.5M	41.6M	36.8M	36.6M	27.3M	18.6M	10.7M
Net Margin %	5.9%	15.2%	20.2%	51.7%	36.8%	22.2%	8.6%	6.8%	4.7%	3.0%	10.5%	10.7%	10.6%	10.9%	10.0%	10.9%	11.5%
Net Income Attributable	402.0M	834.0M	1.7B	6.6B	911.0M	286.0M	61.8M	50.3M	31.9M	16.1M	47.1M	41.6M	36.8M	36.4M	26.4M	18.0M	10.5M
Minority Interest	46.0M	171.0M	458.0M	2.2B	340.0M	4.5M	3.0M	2.9M	2.6M	1.5M	1.4M	--	--	176,000	905,700	663,200	179,500
Eps Basic	0.48	1.00	1.99	8.46	1.59	0.52	0.11	0.09	0.09	0.05	0.20	0.45	0.59	0.58	0.45	0.34	0.20
Eps Diluted	0.48	1.00	1.99	8.46	1.59	0.52	0.11	0.09	0.09	0.05	0.20	0.45	0.59	0.58	0.45	0.34	0.20

Line Item	FY 2025Dec 31, 2025	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	3.8B	2.8B	6.9B	8.5B	1.1B	231.0M	87.3M	181.0M	126.0M	118.0M	159.0M	124.0M	44.0M	38.9M	43.8M	39.6M	16.5M
Trading Financial Assets	311.0M	1.6B	425.0M	--	1.4M	40.1M	13.5M	--	--	--	--	--	--	--	--	--	--
Accounts Receivable	714.0M	369.0M	501.0M	1.1B	483.0M	162.0M	165.0M	187.0M	184.0M	185.0M	160.0M	93.9M	83.8M	86.1M	60.2M	35.7M	21.3M
Notes Receivable	14.1M	5.1M	109.0M	1.3B	9.9M	4.5M	6.5M	6.4M	12.4M	8.1M	9.9M	3.9M	5.1M	2.5M	1.9M	--	34,900
Notes And Accounts Receivable	728.0M	374.0M	609.0M	2.4B	493.0M	166.0M	171.0M	193.0M	196.0M	193.0M	169.0M	97.9M	88.9M	88.6M	62.1M	35.7M	21.4M
Prepayments	1.4B	556.0M	822.0M	735.0M	272.0M	61.0M	4.4M	4.3M	8.9M	5.6M	6.4M	3.0M	3.1M	5.9M	9.7M	7.1M	3.5M
Inventory	2.3B	2.3B	1.4B	2.2B	1.2B	296.0M	108.0M	110.0M	104.0M	101.0M	79.6M	50.3M	39.5M	36.7M	38.1M	27.5M	14.7M
Total Current Assets	10.1B	8.6B	10.8B	14.4B	3.3B	911.0M	393.0M	504.0M	445.0M	428.0M	422.0M	276.0M	180.0M	174.0M	155.0M	111.0M	59.7M
Long Term Equity Investment	890.0M	663.0M	168.0M	199.0M	--	--	177.0M	73.5M	1.4M	--	--	--	--	--	--	--	--
Fixed Assets	5.3B	5.6B	4.7B	1.7B	966.0M	925.0M	263.0M	210.0M	263.0M	272.0M	236.0M	89.7M	84.2M	72.4M	60.0M	48.0M	38.1M
Fixed Assets Total	5.3B	5.6B	4.7B	1.7B	966.0M	925.0M	263.0M	210.0M	263.0M	272.0M	236.0M	89.7M	84.2M	72.4M	60.0M	48.0M	38.1M
Construction In Progress	167.0M	92.9M	1.1B	2.0B	657.0M	25.7M	41.0M	68.1M	38.3M	35.5M	36.5M	30.7M	12.7M	--	1.4M	114,100	32,700
Construction In Progress Total	167.0M	92.9M	1.1B	2.0B	657.0M	25.7M	41.0M	68.1M	38.3M	35.5M	36.5M	30.7M	12.7M	--	1.4M	114,100	32,700
Intangible Assets	3.2B	515.0M	350.0M	287.0M	108.0M	173.0M	34.6M	37.6M	40.1M	43.0M	46.0M	7.4M	7.1M	6.6M	2.8M	2.9M	3.0M
Long Term Deferred Expenses	23.9M	27.3M	6.0M	5.2M	1.8M	2.6M	3.6M	7.0M	13.1M	10.6M	7.6M	431,000	379,800	--	--	--	--
Total Non Current Assets	13.0B	10.7B	8.0B	5.9B	2.9B	1.6B	753.0M	631.0M	584.0M	587.0M	549.0M	132.0M	106.0M	80.4M	65.0M	51.7M	43.4M
Total Assets	23.1B	19.3B	18.9B	20.3B	6.3B	2.5B	1.1B	1.1B	1.0B	1.0B	970.0M	408.0M	286.0M	254.0M	220.0M	163.0M	103.0M
Short Term Borrowings	3.8B	1.1B	1.5B	3.3B	738.0M	142.0M	63.6M	72.5M	23.0M	37.7M	6.0M	--	--	--	16.5M	21.6M	10.0M
Accounts Payable	525.0M	810.0M	1.0B	1.0B	315.0M	260.0M	106.0M	104.0M	116.0M	103.0M	83.6M	44.3M	44.3M	45.4M	29.4M	22.9M	9.0M
Advance Receipts	--	--	--	--	--	--	11.8M	9.9M	5.0M	3.1M	4.0M	1.6M	821,200	549,800	1.8M	1.7M	397,800
Contract Liabilities	160.0M	186.0M	37.5M	40.9M	96.3M	42.2M	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	5.3B	2.9B	3.2B	5.9B	2.0B	717.0M	233.0M	231.0M	179.0M	194.0M	143.0M	76.7M	72.4M	82.5M	82.9M	63.1M	31.0M
Long Term Borrowings	2.0B	561.0M	957.0M	110.0M	55.8M	233.0M	--	--	--	--	--	--	14.0M	--	--	--	--
Total Non Current Liabilities	2.2B	737.0M	1.1B	295.0M	198.0M	287.0M	16.5M	17.7M	6.4M	7.3M	7.6M	613,500	14.9M	787,100	677,900	950,400	13,000
Total Liabilities	7.4B	3.7B	4.3B	6.2B	2.2B	1.0B	249.0M	249.0M	185.0M	202.0M	151.0M	77.3M	87.3M	83.3M	83.6M	64.1M	31.1M
Paid In Capital	831.0M	831.0M	838.0M	640.0M	583.0M	551.0M	551.0M	345.0M	345.0M	345.0M	138.0M	78.0M	62.4M	62.4M	62.4M	43.0M	40.0M
Capital Reserve	2.5B	3.7B	2.7B	2.9B	811.0M	78.0M	72.2M	279.0M	279.0M	279.0M	486.0M	96.9M	12.5M	12.5M	12.4M	11.8M	6.4M
Surplus Reserve	356.0M	356.0M	299.0M	220.0M	60.7M	40.9M	29.2M	20.5M	19.4M	19.4M	19.4M	15.8M	12.0M	9.0M	6.0M	3.5M	1.9M
Retained Earnings	7.6B	7.7B	7.7B	7.4B	1.3B	475.0M	228.0M	227.0M	188.0M	156.0M	168.0M	140.0M	111.0M	86.9M	53.5M	38.1M	21.8M
Minority Equity	4.3B	3.1B	2.6B	2.4B	821.0M	274.0M	16.4M	14.7M	13.2M	13.7M	8.9M	--	--	--	2.5M	2.2M	1.9M
Equity Attributable	11.4B	12.5B	12.0B	11.7B	3.2B	1.2B	881.0M	871.0M	831.0M	800.0M	811.0M	331.0M	198.0M	171.0M	134.0M	96.4M	70.0M
Total Equity	15.7B	15.6B	14.6B	14.1B	4.1B	1.5B	898.0M	886.0M	844.0M	813.0M	820.0M	331.0M	198.0M	171.0M	137.0M	98.6M	72.0M

Line Item	FY 2025Dec 31, 2025	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	8.6B	6.8B	13.3B	16.3B	3.0B	1.4B	856.0M	885.0M	840.0M	647.0M	513.0M	446.0M	403.0M	357.0M	285.0M	189.0M	103.0M
Tax Refunds Received	11.3M	21.8M	1.3M	8.3M	11.3M	2.5M	4.2M	6.0M	3.0M	5.7M	2.8M	38,400	329,400	37,700	287,300	--	--
Total Operating Cash Inflow	8.7B	7.4B	14.1B	16.9B	3.0B	1.5B	867.0M	914.0M	849.0M	657.0M	520.0M	451.0M	404.0M	360.0M	286.0M	190.0M	104.0M
Cash Paid For Goods	8.0B	4.7B	7.8B	7.0B	2.0B	744.0M	491.0M	554.0M	544.0M	444.0M	335.0M	310.0M	285.0M	245.0M	205.0M	138.0M	58.1M
Cash Paid To Employees	616.0M	583.0M	530.0M	371.0M	277.0M	191.0M	140.0M	150.0M	142.0M	120.0M	72.9M	57.2M	44.9M	38.1M	25.2M	11.6M	7.4M
Taxes Paid	202.0M	412.0M	1.2B	3.0B	189.0M	89.0M	32.6M	32.8M	33.3M	29.4M	28.6M	24.4M	21.5M	22.6M	17.2M	10.2M	7.1M
Total Operating Cash Outflow	9.0B	6.0B	9.9B	10.5B	2.9B	1.1B	719.0M	796.0M	761.0M	635.0M	466.0M	415.0M	374.0M	326.0M	267.0M	178.0M	81.9M
Operating Cash Flow	-322.0M	1.5B	4.2B	6.4B	180.0M	350.0M	147.0M	118.0M	88.1M	21.9M	54.1M	36.1M	29.7M	34.1M	19.0M	12.4M	22.5M
Total Investing Cash Inflow	7.8B	7.1B	751.0M	191.0M	884.0M	177.0M	34.4M	107.0M	1.9M	35.9M	21.4M	456,700	211,900	240,000	244,400	2.6M	141,700
Total Investing Cash Outflow	11.5B	10.9B	3.4B	2.3B	1.7B	508.0M	207.0M	209.0M	53.5M	99.2M	127.0M	34.7M	29.9M	19.7M	18.1M	16.5M	6.9M
Investing Cash Flow	-3.7B	-3.8B	-2.7B	-2.1B	-773.0M	-330.0M	-173.0M	-102.0M	-51.6M	-63.2M	-105.0M	-34.2M	-29.7M	-19.4M	-17.8M	-13.9M	-6.7M
Cash From Borrowings	6.6B	2.7B	4.1B	5.2B	1.3B	299.0M	70.5M	83.5M	23.0M	37.7M	--	5.5M	14.0M	19.9M	27.6M	35.8M	10.0M
Dividends And Interest Paid	607.0M	917.0M	1.9B	558.0M	103.0M	33.9M	56.2M	12.5M	2.8M	28.2M	15.7M	10.0M	9.4M	735,400	10.6M	1.2M	979,900
Debt Repayments	2.2B	4.0B	5.0B	2.7B	848.0M	134.0M	79.5M	34.0M	37.7M	11.0M	7.3M	19.5M	--	36.4M	32.8M	24.1M	21.5M
Total Financing Cash Inflow	7.8B	2.8B	4.2B	8.2B	2.1B	299.0M	70.5M	83.5M	23.0M	37.8M	98.7M	118.0M	14.0M	19.9M	47.6M	50.2M	10.0M
Total Financing Cash Outflow	3.0B	5.0B	7.1B	4.6B	1.4B	168.0M	136.0M	46.5M	40.5M	39.2M	26.1M	37.4M	10.6M	39.3M	44.5M	25.3M	22.5M
Financing Cash Flow	4.9B	-2.2B	-2.9B	3.6B	771.0M	131.0M	-65.2M	37.0M	-17.5M	-1.4M	72.6M	80.2M	3.4M	-19.5M	3.2M	24.9M	-12.5M
Net Change In Cash	839.0M	-4.5B	-1.4B	7.9B	177.0M	138.0M	-91.7M	52.3M	14.4M	-39.9M	22.8M	81.9M	3.1M	-4.9M	4.2M	23.1M	3.3M
Ending Cash Balance	3.7B	2.8B	6.9B	8.3B	397.0M	220.0M	81.6M	173.0M	121.0M	107.0M	147.0M	124.0M	42.0M	38.9M	43.8M	39.6M	16.5M
Capex	3.4B	608.0M	2.4B	1.9B	816.0M	88.3M	70.5M	46.5M	49.5M	60.4M	83.9M	34.7M	29.9M	17.1M	18.1M	12.5M	3.8M