HANGZHOU IRON & STEEL CO LTD

HANGZHOU IRON & STEEL CO LTD — 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	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	63.7B	55.8B	43.3B	50.0B	32.9B	26.7B	26.4B	27.9B	19.7B	21.9B	14.4B	17.2B	17.1B	22.3B	19.4B	15.7B	22.1B	16.3B	12.8B	9.9B
Revenue Growth %	14.0%	28.9%	-13.3%	51.9%	23.0%	1.1%	-5.0%	41.7%	-10.3%	51.7%	-15.9%	0.3%	-23.3%	15.0%	23.5%	-28.8%	35.5%	27.2%	29.7%	--
Total Revenue	63.7B	55.8B	43.3B	50.0B	32.9B	26.7B	26.4B	27.9B	19.7B	21.9B	14.4B	17.2B	17.1B	22.3B	19.4B	15.7B	22.1B	16.3B	12.8B	9.9B
Cost Of Revenue	63.5B	55.0B	42.1B	47.2B	30.9B	25.1B	23.1B	24.9B	17.9B	22.3B	13.9B	16.6B	16.8B	21.2B	18.3B	15.0B	21.2B	15.2B	12.0B	9.2B
+Gross Profit	149.0M	843.0M	1.2B	2.7B	2.0B	1.7B	3.4B	3.0B	1.7B	-347.0M	542.0M	539.0M	317.0M	1.1B	1.1B	698.0M	853.0M	1.0B	838.0M	631.0M
Gross Margin %	0.2%	1.5%	2.7%	5.5%	6.0%	6.3%	12.7%	10.8%	8.9%	-1.6%	3.8%	3.1%	1.9%	5.0%	5.5%	4.4%	3.9%	6.4%	6.5%	6.4%
Total Operating Cost	64.6B	55.9B	42.9B	48.0B	31.6B	25.8B	24.0B	25.8B	18.9B	23.7B	14.5B	17.2B	17.5B	21.9B	18.9B	15.5B	22.0B	15.7B	12.4B	9.6B
Selling Expenses	19.8M	19.5M	17.9M	20.3M	16.9M	29.8M	27.4M	18.6M	15.8M	25.0M	9.9M	9.3M	10.2M	9.0M	8.9M	9.6M	14.4M	12.3M	23.7M	17.8M
Admin Expenses	500.0M	505.0M	438.0M	439.0M	393.0M	395.0M	417.0M	387.0M	657.0M	702.0M	374.0M	369.0M	412.0M	450.0M	413.0M	368.0M	482.0M	252.0M	253.0M	197.0M
Rd Expenses	510.0M	526.0M	535.0M	530.0M	459.0M	419.0M	370.0M	277.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-184.0M	-304.0M	-396.0M	-337.0M	-327.0M	-273.0M	-159.0M	-59.6M	183.0M	536.0M	155.0M	157.0M	176.0M	149.0M	123.0M	88.4M	177.0M	170.0M	116.0M	93.2M
+Operating Income	-517.0M	300.0M	576.0M	2.2B	1.4B	1.2B	2.7B	2.2B	757.0M	-1.8B	-43.3M	66.1M	-328.0M	418.0M	479.0M	204.0M	42.7M	558.0M	368.0M	313.0M
Operating Margin %	-0.8%	0.5%	1.3%	4.4%	4.4%	4.6%	10.1%	8.0%	3.9%	-8.2%	-0.3%	0.4%	-1.9%	1.9%	2.5%	1.3%	0.2%	3.4%	2.9%	3.2%
Non Operating Income	10.2M	8.0M	4.8M	4.7M	6.6M	10.5M	13.6M	2.0M	63.8M	75.3M	90.4M	8.4M	3.4M	7.1M	5.2M	14.0M	12.4M	5.6M	1.1M	4.2M
Non Operating Expenses	6.1M	28.9M	18.2M	40.0M	43.5M	18.1M	33.1M	8.4M	38.8M	28.6M	3.0M	3.8M	513,400	733,400	8.1M	1.1M	711,600	43.5M	3.3M	-2.8M
Investment Income	-5.8M	-50.0M	1.3M	140.0M	97.1M	106.0M	54.7M	33.8M	137,300	-2.0M	4.5M	115.0M	18,700	274,100	493,400	3.0M	-10.8M	23.9M	-3.8M	-11.7M
Fair Value Change Income	14.6M	98.2M	--	--	--	--	--	--	--	--	--	--	--	--	--	8.9M	-8.9M	635,900	759,100	--
Asset Disposal Income	-1.9M	13.4M	-74,800	--	9.4M	-32,700	17,400	10.5M	--	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	33.4M	32.6M	15.0M	10.1M	73.5M	43.4M	26.8M	159.0M	34.3M	129.0M	20.2M	23.3M	19.0M	43.7M	1.4M	-5.9M	39.3M	5.6M	12.3M	--
Other Income	398.0M	315.0M	112.0M	103.0M	102.0M	158.0M	138.0M	96.5M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-513.0M	279.0M	563.0M	2.1B	1.4B	1.2B	2.7B	2.2B	782.0M	-1.8B	44.1M	70.8M	-325.0M	424.0M	477.0M	217.0M	54.3M	520.0M	366.0M	321.0M
Income Tax	114.0M	94.8M	81.4M	501.0M	270.0M	286.0M	705.0M	398.0M	45.3M	21.9M	19.9M	29.4M	37.4M	98.8M	113.0M	46.0M	-2.9M	145.0M	134.0M	84.4M
+Net Income	-627.0M	184.0M	482.0M	1.6B	1.1B	933.0M	2.0B	1.8B	737.0M	-1.8B	24.1M	41.3M	-362.0M	325.0M	364.0M	171.0M	57.2M	375.0M	232.0M	236.0M
Net Margin %	-1.0%	0.3%	1.1%	3.3%	3.5%	3.5%	7.4%	6.5%	3.7%	-8.1%	0.2%	0.2%	-2.1%	1.5%	1.9%	1.1%	0.3%	2.3%	1.8%	2.4%
Net Income Attributable	-628.0M	182.0M	481.0M	1.6B	1.1B	918.0M	1.9B	1.8B	725.0M	-1.5B	10.7M	20.7M	-379.0M	300.0M	348.0M	147.0M	36.7M	356.0M	213.0M	212.0M
Minority Interest	1.1M	1.8M	257,700	-1.1M	4.5M	15.0M	19.5M	15.6M	11.2M	-289.0M	13.4M	20.7M	17.0M	25.6M	15.6M	24.0M	20.5M	18.7M	19.1M	24.5M
Eps Basic	-0.19	0.05	0.14	0.49	0.34	0.27	0.57	0.53	0.32	-1.78	0.01	0.02	-0.45	0.36	0.42	0.17	0.04	0.42	0.33	0.33
Eps Diluted	-0.19	0.05	0.14	0.49	0.34	0.27	0.57	0.53	0.32	-1.78	0.01	0.02	-0.45	0.36	0.42	0.17	0.04	0.42	0.33	--

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	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	6.7B	7.7B	8.9B	9.9B	7.3B	6.4B	5.8B	4.2B	6.0B	4.5B	347.0M	234.0M	315.0M	368.0M	540.0M	784.0M	993.0M	414.0M	986.0M	524.0M
Trading Financial Assets	1.0B	--	--	--	--	280.0M	--	--	--	--	--	--	--	--	--	--	11.6M	32.6M	10.0M	5.4M
Accounts Receivable	1.6B	1.0B	880.0M	528.0M	123.0M	222.0M	166.0M	139.0M	150.0M	204.0M	48.2M	73.8M	51.2M	29.8M	109.0M	88.1M	98.6M	157.0M	59.6M	55.0M
Notes Receivable	275.0M	177.0M	41.4M	324.0M	341.0M	422.0M	1.8B	1.9B	1.2B	876.0M	2.9B	3.6B	3.6B	3.7B	3.4B	2.3B	1.7B	2.3B	2.4B	1.4B
Notes And Accounts Receivable	1.9B	1.2B	921.0M	852.0M	464.0M	644.0M	1.9B	2.0B	1.3B	1.1B	2.9B	3.7B	3.7B	3.8B	3.5B	2.4B	1.8B	2.5B	2.5B	1.5B
Prepayments	944.0M	1.1B	851.0M	626.0M	319.0M	246.0M	171.0M	260.0M	156.0M	163.0M	108.0M	165.0M	280.0M	458.0M	218.0M	360.0M	374.0M	316.0M	162.0M	36.4M
Inventory	5.9B	5.3B	3.1B	3.0B	2.5B	1.9B	1.9B	1.9B	1.4B	1.1B	1.4B	2.0B	1.6B	1.7B	1.6B	1.2B	2.0B	1.9B	1.5B	1.9B
Total Current Assets	17.3B	16.4B	14.4B	15.4B	15.6B	11.4B	11.7B	9.6B	10.7B	10.7B	4.8B	6.2B	5.9B	6.3B	5.9B	4.7B	5.1B	5.1B	5.2B	3.9B
Long Term Equity Investment	13.9M	10.6M	11.5M	11.4M	10.7M	8.4M	6.1M	8.5M	18.7M	19.8M	3.1M	3.4M	107.0M	107.0M	106.0M	106.0M	67.5M	72.8M	115.0M	161.0M
Fixed Assets	--	9.3B	9.0B	9.4B	8.8B	9.1B	9.0B	9.7B	10.4B	10.9B	2.1B	2.2B	2.3B	2.5B	2.7B	2.8B	3.0B	2.9B	2.7B	2.6B
Fixed Assets Total	10.3B	9.3B	9.0B	9.4B	8.8B	9.1B	9.0B	9.7B	10.4B	10.9B	2.1B	2.2B	2.3B	2.5B	2.7B	2.8B	3.0B	2.9B	2.7B	2.6B
Construction In Progress	--	1.6B	1.8B	1.3B	691.0M	553.0M	597.0M	376.0M	334.0M	292.0M	17.8M	12.6M	44.4M	91.4M	137.0M	198.0M	278.0M	362.0M	392.0M	357.0M
Construction In Progress Total	1.1B	1.6B	1.8B	1.3B	695.0M	556.0M	600.0M	378.0M	335.0M	293.0M	34.9M	21.0M	53.6M	93.7M	152.0M	204.0M	295.0M	470.0M	436.0M	419.0M
Intangible Assets	2.7B	2.2B	2.1B	2.2B	2.3B	4.2B	4.2B	3.9B	3.9B	3.0B	32.2M	33.1M	34.1M	35.1M	36.0M	37.0M	341.0M	292.0M	54.8M	45.7M
Long Term Deferred Expenses	187.0M	202.0M	93.9M	66.9M	75.8M	42.2M	28.8M	29.9M	28.4M	9.5M	966,700	--	--	143,000	299,000	--	83,400	174,400	2.9M	717,300
Total Non Current Assets	15.7B	14.8B	14.2B	13.9B	12.2B	15.0B	14.7B	14.9B	15.3B	14.5B	2.2B	2.4B	2.5B	2.7B	3.0B	3.1B	3.7B	3.8B	3.3B	3.3B
Total Assets	33.0B	31.2B	28.6B	29.3B	27.9B	26.3B	26.5B	24.5B	26.0B	25.2B	7.0B	8.6B	8.4B	9.1B	8.9B	7.9B	8.8B	8.9B	8.4B	7.2B
Short Term Borrowings	613.0M	1.6B	349.0M	201.0M	50.0M	--	--	199.0M	3.3B	7.6B	1.6B	1.1B	996.0M	975.0M	1.7B	1.4B	2.0B	2.2B	2.6B	2.0B
Accounts Payable	3.1B	2.1B	2.4B	2.5B	1.7B	1.8B	2.1B	2.4B	3.0B	2.4B	1.1B	1.8B	1.6B	1.7B	1.7B	1.1B	1.5B	1.5B	629.0M	882.0M
Advance Receipts	--	--	--	--	2.6M	1.8B	1.6B	2.1B	1.5B	929.0M	340.0M	270.0M	304.0M	422.0M	381.0M	313.0M	309.0M	239.0M	197.0M	117.0M
Contract Liabilities	2.0B	1.9B	1.7B	2.1B	2.0B	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	13.1B	10.7B	8.1B	8.4B	7.6B	6.5B	6.4B	7.0B	9.7B	13.5B	3.3B	4.8B	3.4B	3.7B	5.1B	4.1B	5.0B	4.9B	4.6B	3.6B
Long Term Borrowings	42.7M	42.8M	42.9M	--	--	596.0M	657.0M	747.0M	762.0M	507.0M	--	--	--	--	--	--	89.8M	118.0M	135.0M	46.6M
Total Non Current Liabilities	338.0M	329.0M	341.0M	327.0M	165.0M	702.0M	774.0M	764.0M	803.0M	561.0M	115.0M	135.0M	1.4B	1.4B	5.6M	8.4M	107.0M	139.0M	161.0M	67.9M
Total Liabilities	13.4B	11.0B	8.4B	8.7B	7.8B	7.2B	7.2B	7.7B	10.5B	14.1B	3.4B	4.9B	4.8B	5.0B	5.1B	4.1B	5.1B	5.0B	4.8B	3.6B
Paid In Capital	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	2.6B	2.6B	839.0M	839.0M	839.0M	839.0M	839.0M	839.0M	839.0M	839.0M	645.0M	645.0M	645.0M
Capital Reserve	10.0B	10.0B	10.0B	10.0B	10.4B	10.1B	10.8B	11.0B	11.4B	6.5B	736.0M	736.0M	736.0M	736.0M	736.0M	736.0M	736.0M	736.0M	736.0M	739.0M
Surplus Reserve	903.0M	885.0M	858.0M	845.0M	744.0M	604.0M	547.0M	527.0M	527.0M	527.0M	527.0M	527.0M	527.0M	527.0M	506.0M	475.0M	462.0M	460.0M	425.0M	431.0M
Retained Earnings	5.1B	5.9B	5.9B	6.3B	5.4B	4.9B	4.3B	2.4B	586.0M	-139.0M	1.2B	1.2B	1.2B	1.6B	1.4B	1.4B	1.3B	1.7B	1.5B	1.4B
Minority Equity	193.0M	10.7M	7.2M	6.9M	172.0M	214.0M	210.0M	186.0M	359.0M	3.4B	324.0M	316.0M	304.0M	300.0M	283.0M	281.0M	375.0M	365.0M	359.0M	348.0M
Equity Attributable	19.4B	20.2B	20.2B	20.5B	19.9B	19.0B	19.1B	16.6B	15.1B	7.7B	3.3B	3.3B	3.3B	3.7B	3.5B	3.4B	3.4B	3.5B	3.3B	3.2B
Total Equity	19.6B	20.2B	20.2B	20.6B	20.1B	19.2B	19.3B	16.7B	15.5B	11.1B	3.6B	3.6B	3.6B	4.0B	3.8B	3.7B	3.7B	3.9B	3.6B	3.5B

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	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	76.0B	64.4B	41.7B	49.3B	33.4B	20.8B	24.8B	23.4B	16.6B	23.7B	17.5B	20.0B	20.0B	25.9B	21.6B	17.3B	25.7B	17.7B	14.4B	12.0B
Tax Refunds Received	75.1M	294.0M	255.0M	76.4M	60.9M	136.0M	107.0M	67.8M	46.4M	17.8M	6.1M	6.5M	--	--	--	--	--	5.2M	--	13.6M
Total Operating Cash Inflow	77.1B	65.6B	42.6B	49.8B	33.9B	21.8B	25.4B	23.6B	16.9B	24.0B	17.7B	20.0B	20.1B	26.1B	22.0B	17.8B	25.8B	18.2B	14.6B	12.1B
Cash Paid For Goods	73.4B	66.1B	40.7B	44.9B	29.9B	18.5B	19.8B	19.8B	12.2B	20.6B	15.3B	18.8B	18.4B	24.9B	20.5B	15.7B	22.6B	16.2B	12.6B	10.0B
Cash Paid To Employees	994.0M	998.0M	976.0M	956.0M	862.0M	768.0M	745.0M	600.0M	531.0M	1.4B	808.0M	753.0M	799.0M	851.0M	737.0M	590.0M	547.0M	480.0M	417.0M	405.0M
Taxes Paid	888.0M	743.0M	913.0M	1.3B	628.0M	1.0B	2.1B	1.2B	650.0M	711.0M	335.0M	298.0M	396.0M	567.0M	385.0M	379.0M	910.0M	837.0M	651.0M	572.0M
Total Operating Cash Outflow	76.0B	68.3B	42.9B	47.4B	31.6B	20.6B	23.0B	21.8B	13.6B	23.1B	16.6B	19.9B	19.8B	26.5B	22.0B	17.2B	24.7B	17.8B	14.2B	11.2B
Operating Cash Flow	1.1B	-2.7B	-258.0M	2.4B	2.3B	1.2B	2.3B	1.8B	3.3B	886.0M	1.1B	135.0M	296.0M	-411.0M	-22.2M	620.0M	1.2B	431.0M	399.0M	903.0M
Total Investing Cash Inflow	4.1B	6.7M	51.0M	1.3B	813.0M	4.0B	3.6B	3.6B	4.6B	847.0M	78.9M	45.4M	385,000	11.3M	14.7M	108.0M	58.3M	189.0M	124.0M	81.7M
Total Investing Cash Outflow	6.3B	1.1B	1.1B	1.7B	1.7B	4.2B	3.9B	4.1B	2.9B	5.3B	119.0M	177.0M	138.0M	169.0M	242.0M	330.0M	453.0M	884.0M	538.0M	1.0B
Investing Cash Flow	-2.2B	-1.1B	-1.1B	-450.0M	-859.0M	-212.0M	-337.0M	-489.0M	1.7B	-4.4B	-40.2M	-132.0M	-138.0M	-158.0M	-227.0M	-222.0M	-394.0M	-695.0M	-414.0M	-932.0M
Cash From Borrowings	1.8B	2.9B	4.3B	903.0M	654.0M	--	1.6B	1.6B	9.7B	22.3B	2.0B	1.5B	1.4B	1.5B	2.0B	2.0B	2.2B	1.8B	1.4B	895.0M
Dividends And Interest Paid	192.0M	181.0M	860.0M	688.0M	509.0M	449.0M	103.0M	77.5M	198.0M	351.0M	174.0M	159.0M	205.0M	132.0M	132.0M	168.0M	291.0M	229.0M	181.0M	251.0M
Debt Repayments	2.5B	1.8B	4.2B	617.0M	671.0M	27.8M	1.9B	4.7B	13.7B	23.8B	2.9B	1.4B	1.4B	2.2B	1.8B	2.4B	2.4B	1.6B	1.1B	474.0M
Total Financing Cash Inflow	2.8B	4.3B	5.3B	2.2B	735.0M	18.0M	1.6B	3.2B	13.4B	23.0B	2.0B	1.5B	1.4B	2.9B	2.0B	2.0B	2.2B	1.8B	1.4B	895.0M
Total Financing Cash Outflow	2.7B	2.0B	5.0B	1.7B	1.2B	477.0M	2.1B	4.8B	14.4B	24.5B	3.0B	1.6B	1.6B	2.3B	1.9B	2.6B	2.7B	1.8B	1.3B	725.0M
Financing Cash Flow	77.7M	2.3B	303.0M	508.0M	-505.0M	-459.0M	-428.0M	-1.6B	-949.0M	-1.5B	-1.0B	-72.6M	-187.0M	547.0M	132.0M	-607.0M	-466.0M	-12.9M	195.0M	170.0M
Net Change In Cash	-967.0M	-1.4B	-990.0M	2.5B	1.0B	609.0M	1.6B	-306.0M	4.0B	-5.1B	33.1M	-69.0M	-28.0M	-20.8M	-117.0M	-210.0M	307.0M	-277.0M	180.0M	141.0M
Ending Cash Balance	6.5B	7.5B	8.9B	9.9B	7.4B	6.4B	5.8B	4.2B	4.5B	491.0M	267.0M	234.0M	303.0M	331.0M	352.0M	469.0M	680.0M	372.0M	649.0M	--
Capex	1.3B	807.0M	820.0M	1.1B	869.0M	829.0M	453.0M	456.0M	866.0M	559.0M	119.0M	177.0M	138.0M	169.0M	238.0M	264.0M	414.0M	771.0M	499.0M	878.0M