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明阳电路 — 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 1.6B 1.6B 2.0B 1.9B 1.3B
Revenue Growth % -3.7% -17.8% 6.2% 43.6% --
Total Revenue 1.6B 1.6B 2.0B 1.9B 1.3B
Cost Of Revenue 1.3B 1.2B 1.5B 1.5B 924.0M
+Gross Profit 307.0M 404.0M 487.0M 399.0M 367.0M
Gross Margin % 19.7% 25.0% 24.7% 21.5% 28.4%
Total Operating Cost 1.6B 1.5B 1.8B 1.8B 1.2B
Selling Expenses 58.3M 56.3M 64.4M 51.3M 71.3M
Admin Expenses 110.0M 129.0M 122.0M 121.0M 89.2M
Rd Expenses 76.3M 85.7M 87.1M 72.0M 53.0M
Finance Expenses 21.1M 15.4M -5.7M 31.9M 17.8M
+Operating Income 7.0M 106.0M 205.0M 117.0M 149.0M
Operating Margin % 0.5% 6.5% 10.4% 6.3% 11.5%
Non Operating Income 1.4M 1.8M 382,000 1.5M 1.4M
Non Operating Expenses 1.0M 45,800 87,400 241,000 574,400
Investment Income 8.9M 6.1M 1.9M 28.3M 16.4M
Fair Value Change Income -610,800 2.0M 1.3M 2.7M -1.4M
Asset Disposal Income 311,900 106,100 -97,600 -406,300 -2.6M
Asset Impairment Loss 41.5M 21.2M 31.5M 30.9M 14.4M
Other Income 11.2M 12.9M 21.7M 12.6M 25.9M
Income Before Tax 7.4M 108.0M 206.0M 118.0M 150.0M
Income Tax -3.3M 6.1M 23.5M 11.1M 17.1M
+Net Income 10.7M 102.0M 182.0M 107.0M 133.0M
Net Margin % 0.7% 6.3% 9.2% 5.8% 10.3%
Net Income Attributable 11.4M 103.0M 182.0M 110.0M 133.0M
Minority Interest -692,100 -825,200 -- -2.4M -226,300
Eps Basic 0.04 0.34 0.62 0.38 0.48
Eps Diluted 0.04 0.34 0.61 0.38 0.48
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 252.0M 230.0M 370.0M 266.0M 1.0B
Trading Financial Assets 649.0M 725.0M 532.0M 722.0M 372.0M
Accounts Receivable 305.0M 317.0M 326.0M 415.0M 258.0M
Notes Receivable 2.1M 339,200 -- 1.5M 1.0M
Notes And Accounts Receivable 307.0M 317.0M 326.0M 416.0M 259.0M
Prepayments 7.2M 7.8M 6.8M 8.2M 7.0M
Inventory 234.0M 210.0M 250.0M 348.0M 172.0M
Total Current Assets 1.5B 1.6B 1.5B 1.8B 1.9B
Long Term Equity Investment 378,600 405,400 436,700 456,500 --
Fixed Assets -- 1.1B 1.2B 1.0B 566.0M
Fixed Assets Total 1.1B 1.1B 1.2B 1.0B 566.0M
Construction In Progress -- 456.0M 157.0M 146.0M 129.0M
Construction In Progress Total 462.0M 456.0M 157.0M 146.0M 129.0M
Intangible Assets 101.0M 100.0M 90.1M 82.5M 59.0M
Long Term Deferred Expenses 16.4M 16.8M 24.1M 23.3M 22.3M
Total Non Current Assets 2.0B 1.8B 1.6B 1.4B 826.0M
Total Assets 3.5B 3.5B 3.1B 3.2B 2.7B
Short Term Borrowings -- -- 54.2M 159.0M 142.0M
Accounts Payable 490.0M 463.0M 510.0M 767.0M 306.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 4.9M 2.4M 3.7M 6.1M 5.3M
Total Current Liabilities 639.0M 610.0M 711.0M 1.0B 544.0M
Long Term Borrowings -- -- -- -- 6.1M
Total Non Current Liabilities 413.0M 958.0M 505.0M 471.0M 656.0M
Total Liabilities 1.1B 1.6B 1.2B 1.5B 1.2B
Paid In Capital 344.0M 299.0M 299.0M 295.0M 279.0M
Capital Reserve 1.6B 1.0B 1.0B 987.0M 740.0M
Surplus Reserve 73.1M 68.9M 60.0M 50.2M 42.5M
Retained Earnings 405.0M 458.0M 469.0M 376.0M 358.0M
Minority Equity 2.0M 3.3M -- -1.6M 773,700
Equity Attributable 2.4B 1.9B 1.9B 1.7B 1.5B
Total Equity 2.4B 1.9B 1.9B 1.7B 1.5B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 1.6B 1.7B 2.2B 1.7B 1.4B
Tax Refunds Received 92.1M 100.0M 181.0M 144.0M 82.9M
Total Operating Cash Inflow 1.7B 1.8B 2.4B 1.9B 1.5B
Cash Paid For Goods 1.1B 1.0B 1.5B 1.4B 996.0M
Cash Paid To Employees 400.0M 374.0M 364.0M 354.0M 261.0M
Taxes Paid 35.5M 27.3M 25.9M 13.6M 23.4M
Total Operating Cash Outflow 1.6B 1.5B 1.9B 1.8B 1.3B
Operating Cash Flow 156.0M 320.0M 478.0M 87.4M 171.0M
Total Investing Cash Inflow 2.6B 2.7B 2.5B 3.3B 1.8B
Total Investing Cash Outflow 2.6B 3.4B 2.7B 4.0B 1.8B
Investing Cash Flow -77.7M -717.0M -232.0M -759.0M -19.6M
Cash From Borrowings 113,700 217,500 159.0M 237.0M 228.0M
Dividends And Interest Paid 66.3M 109.0M 85.5M 90.1M 66.2M
Debt Repayments 112,700 55.4M 276.0M 225.0M 133.0M
Total Financing Cash Inflow 1.1M 442.0M 188.0M 237.0M 928.0M
Total Financing Cash Outflow 87.7M 179.0M 372.0M 327.0M 204.0M
Financing Cash Flow -86.5M 264.0M -185.0M -90.8M 724.0M
Net Change In Cash 1.5M -135.0M 56.0M -768.0M 862.0M
Ending Cash Balance 176.0M 174.0M 309.0M 253.0M 1.0B
Capex 246.0M 393.0M 358.0M 435.0M 207.0M
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