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万得凯 — 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 996.0M 689.0M 777.0M 746.0M 559.0M
Revenue Growth % 44.6% -11.3% 4.2% 33.5% --
Total Revenue 996.0M 689.0M 777.0M 746.0M 559.0M
Cost Of Revenue 764.0M 520.0M 577.0M 555.0M 415.0M
+Gross Profit 232.0M 169.0M 200.0M 191.0M 144.0M
Gross Margin % 23.3% 24.5% 25.7% 25.6% 25.8%
Total Operating Cost 840.0M 572.0M 648.0M 629.0M 480.0M
Selling Expenses 16.9M 15.9M 13.9M 14.7M 7.1M
Admin Expenses 36.6M 33.3M 33.9M 24.1M 16.2M
Rd Expenses 30.1M 23.9M 25.9M 26.0M 19.9M
Finance Expenses -25.4M -29.7M -7.5M 5.0M 18.0M
+Operating Income 166.0M 118.0M 140.0M 122.0M 81.0M
Operating Margin % 16.7% 17.1% 18.0% 16.4% 14.5%
Non Operating Income 2,800 5,600 17,500 15,000 --
Non Operating Expenses 550,500 562,200 656,900 62,800 612,200
Investment Income 7.2M -5,100 -1.4M 1.8M 11,700
Fair Value Change Income 117,700 -- -831,000 537,800 -6,800
Asset Disposal Income -487,900 -10,400 -439,100 -- 200.00
Asset Impairment Loss 10.2M 2.3M 1.2M 1.0M 526,100
Other Income 2.5M 1.3M 14.2M 2.5M 1.6M
Income Before Tax 165.0M 117.0M 140.0M 122.0M 80.4M
Income Tax 16.3M 14.2M 15.0M 15.7M 10.0M
+Net Income 149.0M 103.0M 125.0M 106.0M 70.3M
Net Margin % 15.0% 14.9% 16.1% 14.2% 12.6%
Net Income Attributable 150.0M 104.0M 125.0M 107.0M 70.3M
Minority Interest -1.1M -648,700 -489,200 -676,200 --
Eps Basic 1.50 1.04 1.54 1.42 0.94
Eps Diluted 1.50 1.04 1.54 1.42 0.94
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 136.0M 736.0M 927.0M 68.4M 72.7M
Trading Financial Assets 90.1M -- -- 831,000 293,200
Accounts Receivable 208.0M 155.0M 128.0M 133.0M 118.0M
Notes Receivable 3.3M -- -- -- --
Notes And Accounts Receivable 211.0M 155.0M 128.0M 133.0M 118.0M
Prepayments 1.0M 1.1M 7.8M 2.7M 341,000
Inventory 357.0M 288.0M 177.0M 273.0M 162.0M
Total Current Assets 808.0M 1.2B 1.2B 491.0M 358.0M
Fixed Assets -- 266.0M 172.0M 136.0M 123.0M
Fixed Assets Total 273.0M 266.0M 172.0M 136.0M 123.0M
Construction In Progress -- 125.0M 68.1M 16.0M 16.4M
Construction In Progress Total 239.0M 125.0M 68.1M 16.0M 16.4M
Intangible Assets 89.9M 92.0M 77.8M 67.4M 19.9M
Total Non Current Assets 1.0B 487.0M 338.0M 250.0M 169.0M
Total Assets 1.8B 1.7B 1.6B 741.0M 527.0M
Short Term Borrowings 77.8M 80.6M 31.8M 185.0M 110.0M
Accounts Payable 127.0M 123.0M 88.1M 107.0M 90.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 282,800 1.3M 1.3M 8.9M 4.4M
Total Current Liabilities 233.0M 228.0M 177.0M 330.0M 224.0M
Total Non Current Liabilities 25.8M 10.0M 8.6M 4.5M 4.0M
Total Liabilities 259.0M 238.0M 185.0M 335.0M 228.0M
Paid In Capital 100.0M 100.0M 100.0M 75.0M 75.0M
Capital Reserve 876.0M 872.0M 873.0M 35.7M 35.7M
Surplus Reserve 50.0M 50.0M 43.3M 30.2M 18.9M
Retained Earnings 534.0M 414.0M 383.0M 265.0M 169.0M
Minority Equity 11.1M -314,600 371,300 823,800 --
Equity Attributable 1.6B 1.4B 1.4B 406.0M 299.0M
Total Equity 1.6B 1.4B 1.4B 406.0M 299.0M
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 987.0M 699.0M 824.0M 768.0M 568.0M
Tax Refunds Received 42.4M 23.7M 41.9M 34.9M 27.0M
Total Operating Cash Inflow 1.1B 757.0M 888.0M 808.0M 600.0M
Cash Paid For Goods 824.0M 590.0M 519.0M 671.0M 412.0M
Cash Paid To Employees 101.0M 81.7M 80.1M 70.7M 57.1M
Taxes Paid 24.4M 14.6M 26.3M 15.2M 7.9M
Total Operating Cash Outflow 987.0M 722.0M 658.0M 786.0M 504.0M
Operating Cash Flow 80.6M 34.8M 231.0M 21.1M 95.9M
Total Investing Cash Inflow 372.0M 4.9M 16.2M 1.8M 20.0M
Total Investing Cash Outflow 1.0B 184.0M 112.0M 99.4M 162.0M
Investing Cash Flow -666.0M -180.0M -96.0M -97.6M -142.0M
Cash From Borrowings 199.0M 143.0M 178.0M 446.0M 257.0M
Dividends And Interest Paid 35.1M 68.9M 2.9M 3.4M 3.5M
Debt Repayments 201.0M 96.0M 349.0M 368.0M 192.0M
Total Financing Cash Inflow 212.0M 143.0M 1.1B 448.0M 257.0M
Total Financing Cash Outflow 237.0M 196.0M 399.0M 373.0M 195.0M
Financing Cash Flow -25.3M -53.9M 679.0M 74.2M 61.6M
Net Change In Cash -600.0M -191.0M 823.0M -4.3M 7.3M
Ending Cash Balance 136.0M 736.0M 927.0M 68.4M 72.7M
Capex 176.0M 179.0M 101.0M 99.4M 142.0M
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