华升股份 - Financials

华升股份 — 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	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
+Revenue	797.0M	778.0M	581.0M	901.0M	924.0M	914.0M	1.0B	1.0B	712.0M	593.0M	763.0M	907.0M	982.0M	866.0M	921.0M	776.0M	755.0M	859.0M	796.0M	785.0M
Revenue Growth %	2.4%	33.9%	-35.5%	-2.5%	1.1%	-11.9%	2.1%	42.8%	20.1%	-22.3%	-15.9%	-7.6%	13.4%	-6.0%	18.7%	2.8%	-12.1%	7.9%	1.4%	--
Total Revenue	797.0M	778.0M	581.0M	901.0M	924.0M	914.0M	1.0B	1.0B	712.0M	593.0M	763.0M	907.0M	982.0M	866.0M	921.0M	776.0M	755.0M	859.0M	796.0M	785.0M
Cost Of Revenue	763.0M	742.0M	523.0M	863.0M	890.0M	865.0M	990.0M	965.0M	713.0M	568.0M	702.0M	832.0M	917.0M	787.0M	845.0M	727.0M	708.0M	785.0M	726.0M	739.0M
+Gross Profit	34.0M	36.0M	58.0M	38.0M	34.0M	49.0M	48.0M	52.0M	-1.0M	25.0M	61.0M	75.0M	65.0M	79.0M	76.0M	49.0M	47.0M	74.0M	70.0M	46.0M
Gross Margin %	4.3%	4.6%	10.0%	4.2%	3.7%	5.4%	4.6%	5.1%	-0.1%	4.2%	8.0%	8.3%	6.6%	9.1%	8.3%	6.3%	6.2%	8.6%	8.8%	5.9%
Total Operating Cost	877.0M	845.0M	650.0M	1.1B	1.1B	1.0B	1.1B	1.1B	854.0M	706.0M	818.0M	955.0M	1.1B	893.0M	943.0M	789.0M	771.0M	888.0M	797.0M	798.0M
Selling Expenses	18.7M	20.7M	17.1M	18.4M	24.0M	25.0M	26.5M	26.0M	28.9M	29.9M	32.3M	34.6M	47.7M	41.1M	29.2M	22.9M	27.3M	31.2M	27.8M	19.6M
Admin Expenses	65.3M	59.8M	62.5M	164.0M	92.4M	59.8M	51.0M	55.9M	53.8M	57.2M	58.8M	73.4M	80.5M	51.6M	44.7M	35.2M	28.9M	33.9M	26.1M	30.0M
Rd Expenses	15.8M	15.1M	13.7M	15.1M	14.2M	10.5M	8.1M	5.1M	5.0M	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	2.6M	-1.1M	6.7M	18.9M	3.5M	7.5M	2.0M	2.5M	-2.7M	-2.4M	-8.6M	-5.4M	12.0M	4.4M	12.9M	3.5M	261,200	25.5M	11.2M	8.6M
+Operating Income	-52.8M	-57.1M	2.4M	-227.0M	-93.7M	54.4M	-54.5M	24.2M	-113.0M	-3.6M	-40.9M	-45.9M	111.0M	-24.5M	-18.4M	-5.6M	-6.5M	-19.0M	18.1M	11.0M
Operating Margin %	-6.6%	-7.3%	0.4%	-25.2%	-10.1%	6.0%	-5.3%	2.4%	-15.9%	-0.6%	-5.4%	-5.1%	11.3%	-2.8%	-2.0%	-0.7%	-0.9%	-2.2%	2.3%	1.4%
Non Operating Income	6.6M	4.0M	5.7M	7.9M	6.1M	6.2M	7.0M	299,400	285,900	5.5M	51.7M	15.5M	13.4M	43.5M	31.9M	17.3M	16.6M	20.3M	6.2M	154,700
Non Operating Expenses	235,800	512,500	1.6M	10.7M	1.6M	4.3M	17.5M	1.6M	2.9M	358,300	184,000	423,700	7.1M	102,400	464,600	882,000	186,200	40,600	711,900	39,600
Investment Income	14.7M	3.6M	63.3M	6.5M	47.2M	5.7M	8.4M	96.8M	2.0M	29.7M	13.7M	2.2M	242.0M	2.1M	3.3M	7.1M	9.5M	16.0M	13.2M	23.6M
Fair Value Change Income	11.1M	-2.9M	272,700	-34.0M	-30.6M	130.0M	-2.0M	--	-16,600	16,600	--	--	--	--	--	--	--	-6.1M	5.8M	218,700
Asset Disposal Income	133,800	5.6M	4.1M	1.4M	17.0M	9.8M	9.1M	17.2M	21.7M	79.1M	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	571,200	-1.8M	13.1M	22.5M	26.3M	37.5M	24.9M	47.1M	50.1M	43.3M	30.6M	17.5M	52.5M	6.0M	4.7M	-1.1M	5.3M	10.4M	4.8M	-481,000
Other Income	1.0M	3.9M	3.6M	8.7M	9.5M	6.5M	3.7M	2.5M	4.7M	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-46.5M	-53.6M	6.5M	-230.0M	-89.1M	56.3M	-65.1M	23.0M	-115.0M	1.6M	10.7M	-30.8M	117.0M	19.0M	13.0M	10.9M	9.9M	1.2M	23.6M	11.1M
Income Tax	-4.3M	1.7M	-4.0M	-7.0M	-4.6M	36.8M	1.8M	9.2M	1.8M	9.5M	8.4M	2.2M	26.1M	8.7M	8.4M	7.8M	6.2M	-7.8M	9.0M	8.3M
+Net Income	-42.2M	-55.3M	10.4M	-223.0M	-84.5M	19.4M	-66.9M	13.8M	-117.0M	-7.9M	2.2M	-33.0M	91.0M	10.3M	4.7M	3.0M	3.6M	9.0M	14.6M	2.8M
Net Margin %	-5.3%	-7.1%	1.8%	-24.8%	-9.2%	2.1%	-6.4%	1.4%	-16.4%	-1.3%	0.3%	-3.6%	9.3%	1.2%	0.5%	0.4%	0.5%	1.0%	1.8%	0.4%
Net Income Attributable	-35.2M	-49.3M	21.0M	-208.0M	-70.2M	33.2M	-56.7M	27.6M	-86.6M	9.5M	9.4M	-31.7M	79.2M	7.9M	4.3M	3.6M	5.5M	10.2M	14.7M	2.7M
Minority Interest	-6.9M	-6.0M	-10.6M	-14.2M	-14.3M	-13.8M	-10.2M	-13.8M	-30.6M	-17.4M	-7.2M	-1.3M	11.8M	2.4M	362,600	-571,300	-1.8M	-1.2M	-113,700	148,000
Eps Basic	-0.09	-0.12	0.05	-0.52	-0.17	0.08	-0.14	0.07	-0.22	0.02	0.02	-0.08	0.20	0.02	0.01	0.01	0.01	0.03	0.04	0.01
Eps Diluted	-0.09	-0.12	0.05	-0.52	-0.17	0.08	-0.14	0.07	-0.22	0.02	0.02	-0.08	0.20	0.02	0.01	0.01	0.01	0.03	0.04	0.01

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	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash And Equivalents	125.0M	110.0M	148.0M	134.0M	155.0M	209.0M	119.0M	310.0M	180.0M	223.0M	190.0M	105.0M	73.8M	125.0M	97.1M	76.4M	82.1M	27.4M	41.1M	63.0M
Trading Financial Assets	--	68.2M	78.7M	100.0M	134.0M	234.0M	156.0M	--	--	633,500	--	--	--	--	--	--	--	383,700	27.2M	9.5M
Accounts Receivable	63.8M	67.1M	57.8M	93.5M	96.2M	89.8M	107.0M	91.1M	103.0M	150.0M	162.0M	121.0M	93.8M	72.1M	11.8M	9.9M	8.0M	14.3M	11.8M	20.5M
Notes Receivable	411,300	150,000	1.3M	250,000	1.2M	1.0M	4.0M	4.0M	9.0M	14.0M	14.5M	6.3M	8.6M	2.7M	2.9M	3.3M	60,000	340,000	500,000	--
Notes And Accounts Receivable	64.2M	67.2M	59.1M	93.7M	97.4M	90.9M	111.0M	95.1M	112.0M	164.0M	177.0M	127.0M	102.0M	74.8M	14.6M	13.2M	8.1M	14.6M	12.3M	20.5M
Prepayments	48.2M	39.1M	54.2M	20.3M	57.1M	34.3M	62.6M	78.8M	49.9M	48.9M	50.0M	57.8M	121.0M	126.0M	167.0M	154.0M	102.0M	194.0M	112.0M	83.9M
Inventory	65.5M	59.5M	53.6M	89.7M	111.0M	142.0M	189.0M	164.0M	217.0M	269.0M	323.0M	315.0M	234.0M	423.0M	362.0M	267.0M	187.0M	172.0M	168.0M	139.0M
Total Current Assets	360.0M	378.0M	405.0M	493.0M	760.0M	828.0M	739.0M	680.0M	626.0M	755.0M	762.0M	641.0M	727.0M	780.0M	665.0M	560.0M	421.0M	455.0M	417.0M	358.0M
Long Term Equity Investment	22.7M	26.4M	26.2M	22.7M	23.3M	23.2M	24.0M	23.9M	23.7M	23.6M	17.0M	16.7M	16.2M	27.5M	26.7M	25.1M	24.3M	21.5M	24.2M	25.0M
Fixed Assets	228.0M	235.0M	247.0M	264.0M	281.0M	103.0M	104.0M	115.0M	129.0M	140.0M	150.0M	154.0M	172.0M	194.0M	159.0M	158.0M	163.0M	172.0M	179.0M	186.0M
Fixed Assets Total	228.0M	235.0M	247.0M	264.0M	281.0M	103.0M	104.0M	115.0M	129.0M	140.0M	150.0M	154.0M	172.0M	194.0M	159.0M	158.0M	163.0M	172.0M	179.0M	186.0M
Construction In Progress	27,600	60,400	248,800	666,700	--	109.0M	12.1M	14.9M	9.4M	9.2M	9.3M	11.8M	3.0M	1.1M	8.7M	6.2M	3.8M	2.9M	1.7M	3.8M
Construction In Progress Total	27,600	60,400	248,800	666,700	--	109.0M	12.1M	14.9M	9.4M	9.2M	9.3M	11.8M	3.0M	1.1M	8.7M	6.2M	3.8M	2.9M	1.7M	3.8M
Intangible Assets	129.0M	132.0M	136.0M	143.0M	147.0M	151.0M	159.0M	138.0M	143.0M	149.0M	159.0M	165.0M	169.0M	174.0M	172.0M	164.0M	168.0M	174.0M	184.0M	191.0M
Long Term Deferred Expenses	3.0M	1.8M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Assets	474.0M	519.0M	537.0M	483.0M	506.0M	454.0M	364.0M	361.0M	412.0M	403.0M	422.0M	470.0M	460.0M	460.0M	431.0M	425.0M	455.0M	488.0M	502.0M	529.0M
Total Assets	834.0M	897.0M	941.0M	976.0M	1.3B	1.3B	1.1B	1.0B	1.0B	1.2B	1.2B	1.1B	1.2B	1.2B	1.1B	985.0M	876.0M	943.0M	919.0M	888.0M
Short Term Borrowings	47.6M	80.1M	40.0M	40.0M	--	--	--	10.0M	29.0M	28.0M	47.0M	45.0M	55.0M	53.7M	52.0M	--	--	38.8M	26.5M	39.8M
Accounts Payable	72.5M	62.7M	68.2M	98.5M	90.8M	63.2M	83.1M	69.7M	108.0M	113.0M	155.0M	109.0M	74.1M	172.0M	143.0M	59.9M	40.3M	42.2M	49.2M	49.7M
Advance Receipts	--	--	--	--	--	--	102.0M	110.0M	75.7M	72.8M	45.5M	36.6M	107.0M	143.0M	129.0M	193.0M	105.0M	137.0M	112.0M	83.7M
Contract Liabilities	100.0M	92.4M	96.4M	40.3M	118.0M	91.9M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	334.0M	343.0M	304.0M	356.0M	430.0M	359.0M	325.0M	344.0M	355.0M	368.0M	377.0M	325.0M	363.0M	512.0M	387.0M	296.0M	192.0M	263.0M	254.0M	241.0M
Long Term Borrowings	76.1M	75.1M	92.6M	107.0M	120.0M	120.0M	25.0M	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	136.0M	143.0M	171.0M	204.0M	198.0M	210.0M	83.1M	29.5M	30.1M	32.4M	34.8M	37.8M	42.3M	44.1M	56.6M	46.3M	39.9M	45.4M	39.5M	33.9M
Total Liabilities	470.0M	487.0M	476.0M	560.0M	628.0M	569.0M	408.0M	374.0M	385.0M	401.0M	412.0M	363.0M	406.0M	556.0M	444.0M	342.0M	232.0M	308.0M	293.0M	275.0M
Paid In Capital	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M	402.0M
Capital Reserve	148.0M	148.0M	148.0M	148.0M	148.0M	148.0M	148.0M	148.0M	148.0M	143.0M	143.0M	134.0M	134.0M	122.0M	105.0M	105.0M	110.0M	105.0M	105.0M	105.0M
Surplus Reserve	36.1M	36.1M	36.1M	36.1M	36.1M	35.9M	27.0M	27.0M	20.9M	20.9M	20.9M	19.7M	19.7M	19.7M	19.0M	19.0M	19.0M	19.0M	18.2M	17.4M
Retained Earnings	-211.0M	-172.0M	-122.0M	-143.0M	65.0M	135.0M	111.0M	72.9M	51.4M	138.0M	135.0M	126.0M	158.0M	78.8M	80.3M	76.0M	72.4M	67.1M	57.8M	45.5M
Minority Equity	-11.1M	-4.2M	1.8M	-26.7M	-12.6M	-8.3M	6.5M	17.5M	31.4M	53.6M	71.0M	66.1M	67.4M	62.2M	44.6M	39.8M	40.9M	40.7M	42.0M	42.1M
Equity Attributable	375.0M	414.0M	464.0M	443.0M	651.0M	721.0M	688.0M	650.0M	622.0M	704.0M	700.0M	682.0M	714.0M	623.0M	607.0M	603.0M	603.0M	594.0M	584.0M	571.0M
Total Equity	364.0M	410.0M	466.0M	416.0M	639.0M	713.0M	695.0M	667.0M	654.0M	758.0M	772.0M	748.0M	781.0M	685.0M	652.0M	642.0M	644.0M	634.0M	626.0M	613.0M

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	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006
Cash From Sales	839.0M	797.0M	603.0M	840.0M	1.0B	966.0M	1.1B	1.1B	768.0M	645.0M	775.0M	849.0M	1.1B	1.0B	940.0M	887.0M	831.0M	949.0M	882.0M	811.0M
Tax Refunds Received	94.7M	82.9M	69.5M	112.0M	107.0M	103.0M	121.0M	122.0M	86.9M	57.2M	80.0M	75.1M	76.4M	104.0M	104.0M	88.1M	81.5M	64.9M	63.7M	61.7M
Total Operating Cash Inflow	959.0M	904.0M	698.0M	1.0B	1.1B	1.1B	1.3B	1.3B	880.0M	714.0M	901.0M	969.0M	1.2B	1.2B	1.1B	987.0M	938.0M	1.0B	956.0M	874.0M
Cash Paid For Goods	843.0M	807.0M	524.0M	870.0M	1.0B	952.0M	1.1B	1.1B	713.0M	541.0M	682.0M	833.0M	983.0M	921.0M	956.0M	901.0M	780.0M	973.0M	831.0M	774.0M
Cash Paid To Employees	109.0M	102.0M	102.0M	217.0M	108.0M	100.0M	135.0M	115.0M	127.0M	127.0M	134.0M	136.0M	138.0M	96.5M	83.1M	68.9M	62.0M	63.3M	63.8M	70.4M
Taxes Paid	16.1M	20.2M	18.2M	24.8M	15.7M	16.0M	20.5M	27.8M	24.2M	24.2M	28.6M	59.9M	52.7M	35.6M	25.4M	26.9M	19.9M	20.2M	14.7M	11.2M
Total Operating Cash Outflow	1.0B	969.0M	686.0M	1.2B	1.2B	1.1B	1.3B	1.3B	898.0M	756.0M	896.0M	1.1B	1.3B	1.1B	1.1B	1.0B	887.0M	1.1B	976.0M	899.0M
Operating Cash Flow	-46.8M	-64.1M	11.8M	-174.0M	-34.5M	-17.1M	-66.1M	-25.5M	-17.9M	-42.1M	5.1M	-110.0M	-85.4M	46.4M	-27.6M	-43.2M	50.4M	-50.3M	-20.1M	-25.0M
Total Investing Cash Inflow	116.0M	21.3M	75.7M	408.0M	752.0M	705.0M	269.0M	233.0M	37.6M	118.0M	155.0M	540.0M	50.9M	25.2M	38.1M	48.3M	103.0M	84.3M	64.8M	112.0M
Total Investing Cash Outflow	26.7M	33.2M	60.5M	261.0M	756.0M	720.0M	385.0M	77.6M	60.4M	25.4M	96.3M	383.0M	5.0M	38.6M	42.9M	9.8M	59.2M	58.3M	51.0M	83.6M
Investing Cash Flow	89.8M	-11.8M	15.2M	148.0M	-4.0M	-14.8M	-116.0M	156.0M	-22.8M	92.5M	59.2M	157.0M	45.9M	-13.3M	-4.8M	38.5M	43.4M	25.9M	13.8M	28.5M
Cash From Borrowings	82.4M	90.0M	165.0M	60.0M	--	170.0M	25.0M	10.0M	29.0M	29.7M	47.0M	45.0M	78.0M	75.2M	52.0M	--	500,600	80.8M	42.4M	115.0M
Dividends And Interest Paid	10.5M	6.1M	6.9M	7.1M	8.1M	3.8M	1.4M	1.6M	3.9M	10.2M	2.8M	2.4M	4.5M	12.7M	3.3M	--	391,100	1.0M	2.7M	4.4M
Debt Repayments	98.6M	52.5M	170.0M	34.0M	1.0M	50.0M	10.0M	29.0M	28.0M	47.0M	45.0M	55.0M	76.7M	80.6M	--	1.0M	39.3M	69.0M	55.3M	112.0M
Total Financing Cash Inflow	82.6M	96.0M	165.0M	60.0M	--	178.0M	25.0M	10.0M	29.0M	39.7M	68.2M	45.0M	78.0M	82.2M	56.4M	--	500,600	80.8M	42.4M	115.0M
Total Financing Cash Outflow	109.0M	58.6M	177.0M	41.1M	9.1M	54.9M	11.4M	30.6M	31.9M	57.2M	47.8M	57.4M	88.1M	93.3M	3.3M	1.0M	39.7M	70.0M	58.0M	116.0M
Financing Cash Flow	-26.5M	37.4M	-11.9M	18.9M	-9.1M	123.0M	13.6M	-20.6M	-2.9M	-17.5M	20.4M	-12.4M	-10.1M	-11.1M	53.1M	-1.0M	-39.2M	10.7M	-15.6M	-1.1M
Net Change In Cash	17.0M	-39.0M	12.3M	-21.9M	-51.0M	86.7M	-170.0M	110.0M	-43.6M	32.9M	84.7M	34.5M	-49.7M	22.0M	20.7M	-5.7M	54.6M	-13.7M	-21.9M	2.4M
Ending Cash Balance	123.0M	106.0M	145.0M	133.0M	155.0M	206.0M	119.0M	289.0M	179.0M	223.0M	190.0M	105.0M	70.3M	120.0M	97.1M	76.4M	82.1M	27.4M	41.1M	63.0M
Capex	11.7M	13.2M	9.9M	17.7M	64.2M	80.8M	46.5M	3.6M	942,500	2.3M	9.3M	4.6M	4.2M	38.6M	31.4M	5.5M	5.2M	8.0M	11.0M	2.0M