SHANGHAI BELLING CORP. LTD

SHANGHAI BELLING CORP. 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	2.8B	2.1B	2.0B	2.0B	1.3B	1.1B	784.0M	562.0M	509.0M	489.0M	468.0M	586.0M	677.0M	601.0M	588.0M	513.0M	512.0M	464.0M	421.0M	638.0M
Revenue Growth %	31.9%	4.5%	1.0%	52.0%	21.3%	40.1%	39.5%	10.4%	4.1%	4.5%	-20.1%	-13.4%	12.6%	2.2%	14.6%	0.2%	10.3%	10.2%	-34.0%	--
Total Revenue	2.8B	2.1B	2.0B	2.0B	1.3B	1.1B	784.0M	562.0M	509.0M	489.0M	468.0M	586.0M	677.0M	601.0M	588.0M	513.0M	512.0M	464.0M	421.0M	638.0M
Cost Of Revenue	2.0B	1.5B	1.3B	1.3B	947.0M	767.0M	577.0M	426.0M	377.0M	367.0M	364.0M	488.0M	546.0M	483.0M	458.0M	480.0M	424.0M	350.0M	313.0M	555.0M
+Gross Profit	796.0M	630.0M	697.0M	690.0M	385.0M	331.0M	207.0M	136.0M	132.0M	122.0M	104.0M	98.0M	131.0M	118.0M	130.0M	33.0M	88.0M	114.0M	108.0M	83.0M
Gross Margin %	28.2%	29.5%	34.1%	34.1%	28.9%	30.1%	26.4%	24.2%	25.9%	24.9%	22.2%	16.7%	19.4%	19.6%	22.1%	6.4%	17.2%	24.6%	25.7%	13.0%
Total Operating Cost	2.6B	2.0B	1.7B	1.6B	1.1B	953.0M	706.0M	531.0M	479.0M	468.0M	506.0M	647.0M	687.0M	621.0M	575.0M	703.0M	541.0M	469.0M	387.0M	603.0M
Selling Expenses	72.5M	61.9M	61.7M	54.0M	42.1M	42.5M	30.7M	29.2M	24.4M	23.8M	28.8M	31.6M	28.9M	26.7M	26.4M	29.1M	21.1M	18.5M	15.2M	13.0M
Admin Expenses	84.8M	83.2M	76.9M	92.3M	67.8M	66.2M	47.7M	43.8M	90.6M	91.1M	112.0M	130.0M	117.0M	112.0M	88.1M	88.2M	91.2M	72.2M	67.0M	47.6M
Rd Expenses	430.0M	360.0M	258.0M	177.0M	116.0M	118.0M	88.2M	68.2M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	-33.0M	-37.3M	-55.3M	-42.0M	-54.1M	-52.3M	-52.4M	-49.4M	-36.5M	-25.0M	-7.4M	-7.5M	-12.7M	-6.7M	-4.8M	-5.3M	-4.2M	-4.5M	-8.6M	-12.5M
+Operating Income	394.0M	-104.0M	429.0M	766.0M	618.0M	294.0M	154.0M	165.0M	35.6M	34.2M	-5.3M	-57.3M	-1.7M	-13.8M	18.2M	-190.0M	-4.0M	9.6M	34.9M	22.9M
Operating Margin %	14.0%	-4.9%	21.0%	37.8%	46.4%	26.8%	19.6%	29.4%	7.0%	7.0%	-1.1%	-9.8%	-0.2%	-2.3%	3.1%	-37.0%	-0.8%	2.1%	8.3%	3.6%
Non Operating Income	1.8M	2.4M	954,100	1.7M	1.1M	927,200	850,400	8.9M	5.4M	16.7M	61.2M	121.0M	44.2M	49.7M	5.5M	5.5M	14.6M	16.3M	2.6M	1,300
Non Operating Expenses	1.1M	881,100	1.7M	640,000	686,200	2.3M	24,600	2.6M	877,900	612,500	10.6M	13.5M	1.8M	794,700	268,800	2.5M	438,600	725,000	741,700	415,800
Investment Income	61.2M	7.4M	36.4M	52.9M	6.3M	39.4M	8.0M	125.0M	4.1M	12.6M	33.1M	4.4M	8.6M	6.2M	4.8M	-25,500	24.3M	15.1M	1.1M	-12.3M
Fair Value Change Income	55.0M	-279.0M	27.2M	300.0M	386.0M	93.0M	44.2M	--	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	341,300	27,900	14,900	-300.00	139,300	-1,500	5.2M	-1.2M	1.2M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	23.9M	18.6M	8.9M	6.3M	2.5M	3.8M	6.8M	6.4M	18.1M	8.5M	7.5M	3.7M	6.1M	4.3M	6.6M	110.0M	7.7M	32.8M	531,700	--
Other Income	71.7M	35.1M	30.9M	24.6M	23.6M	17.4M	18.5M	10.7M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	394.0M	-102.0M	428.0M	767.0M	619.0M	293.0M	155.0M	171.0M	40.2M	50.2M	45.3M	50.4M	40.8M	35.1M	23.4M	-187.0M	10.1M	25.2M	36.7M	35.8M
Income Tax	-1.2M	-42.1M	28.7M	29.1M	76.8M	24.5M	8.9M	-3.7M	-356,800	-3.4M	4.9M	7.7M	2.0M	-1.7M	2.4M	-8.4M	3.5M	895,200	4.3M	3.2M
+Net Income	396.0M	-60.2M	400.0M	738.0M	542.0M	269.0M	146.0M	175.0M	40.6M	53.6M	40.4M	42.6M	38.7M	36.8M	21.0M	-179.0M	6.5M	24.3M	32.4M	32.6M
Net Margin %	14.0%	-2.8%	19.6%	36.5%	40.7%	24.5%	18.6%	31.1%	8.0%	11.0%	8.6%	7.3%	5.7%	6.1%	3.6%	-34.9%	1.3%	5.2%	7.7%	5.1%
Net Income Attributable	396.0M	-60.2M	399.0M	729.0M	528.0M	251.0M	145.0M	174.0M	37.9M	51.1M	38.7M	40.4M	33.4M	31.9M	16.7M	-184.0M	6.7M	23.1M	31.4M	33.2M
Minority Interest	--	--	554,600	8.3M	13.8M	17.5M	1.3M	1.4M	2.7M	2.5M	1.8M	2.2M	5.3M	4.9M	4.3M	5.3M	-171,200	1.2M	1.0M	-596,000
Eps Basic	0.56	-0.09	0.57	1.04	0.75	0.36	0.21	0.26	0.06	0.08	0.06	0.06	0.05	0.05	0.03	-0.27	0.01	0.03	0.05	0.05
Eps Diluted	0.56	-0.09	0.57	1.03	0.75	0.36	0.21	0.26	0.06	0.08	0.06	0.06	0.05	0.05	0.03	-0.27	0.01	0.03	0.05	--

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	1.2B	739.0M	731.0M	1.3B	493.0M	1.5B	1.2B	1.3B	1.3B	1.2B	331.0M	459.0M	454.0M	506.0M	554.0M	526.0M	492.0M	548.0M	519.0M	649.0M
Trading Financial Assets	362.0M	427.0M	730.0M	764.0M	565.0M	193.0M	9.1M	8.7M	--	--	--	--	--	--	313,800	276,200	--	--	--	--
Accounts Receivable	736.0M	507.0M	413.0M	285.0M	294.0M	218.0M	152.0M	108.0M	99.1M	110.0M	117.0M	164.0M	189.0M	178.0M	148.0M	134.0M	124.0M	126.0M	86.9M	114.0M
Notes Receivable	50.7M	32.8M	31.6M	26.9M	36.9M	51.2M	59.2M	43.8M	28.7M	45.4M	37.1M	47.0M	20.3M	16.8M	10.9M	1.3M	4.6M	1.5M	9.7M	11.2M
Notes And Accounts Receivable	787.0M	540.0M	444.0M	312.0M	331.0M	269.0M	211.0M	152.0M	128.0M	156.0M	154.0M	210.0M	209.0M	194.0M	159.0M	135.0M	128.0M	128.0M	96.6M	126.0M
Prepayments	24.9M	23.9M	66.9M	28.7M	22.4M	9.6M	10.9M	5.7M	5.4M	5.6M	1.5M	6.2M	6.8M	12.7M	8.0M	4.4M	4.1M	6.5M	4.0M	4.9M
Inventory	817.0M	720.0M	663.0M	404.0M	302.0M	235.0M	155.0M	126.0M	83.9M	65.0M	57.0M	69.3M	106.0M	111.0M	107.0M	102.0M	207.0M	163.0M	120.0M	103.0M
Total Current Assets	3.4B	2.6B	2.8B	3.0B	1.8B	2.4B	1.7B	1.7B	1.6B	1.6B	815.0M	855.0M	844.0M	837.0M	840.0M	787.0M	857.0M	868.0M	787.0M	933.0M
Long Term Equity Investment	--	--	--	--	--	--	--	--	--	--	--	26.5M	850.0M	858.0M	871.0M	866.0M	867.0M	840.0M	840.0M	837.0M
Fixed Assets	--	115.0M	87.5M	77.9M	79.8M	73.0M	57.0M	66.2M	80.2M	86.3M	95.6M	111.0M	111.0M	115.0M	127.0M	139.0M	249.0M	286.0M	132.0M	137.0M
Fixed Assets Total	113.0M	115.0M	87.5M	77.9M	79.8M	73.2M	57.0M	66.2M	80.2M	86.3M	95.6M	111.0M	111.0M	115.0M	127.0M	139.0M	249.0M	286.0M	132.0M	137.0M
Construction In Progress	--	3.9M	6.4M	503,500	396,200	10.5M	--	--	80,800	45,500	1.1M	2.5M	210.0M	136.0M	50.9M	9.8M	8.1M	2.6M	176.0M	110.0M
Construction In Progress Total	2.5M	3.9M	6.4M	503,500	396,200	10.5M	--	--	80,800	45,500	1.1M	2.5M	210.0M	136.0M	50.9M	9.8M	8.1M	2.6M	176.0M	110.0M
Intangible Assets	77.2M	87.2M	95.9M	52.9M	58.4M	61.3M	67.1M	73.1M	49.6M	54.2M	57.0M	60.1M	29.0M	28.7M	23.6M	18.1M	19.7M	21.2M	23.0M	25.0M
Long Term Deferred Expenses	10.1M	6.5M	2.5M	2.8M	2.5M	1.6M	1.2M	2.6M	3.9M	5.2M	6.5M	1.3M	--	214,800	495,500	1.2M	1.5M	2.5M	2.4M	2.8M
Total Non Current Assets	1.9B	2.2B	2.2B	1.7B	2.1B	1.2B	1.4B	1.1B	480.0M	513.0M	1.0B	1.3B	1.2B	1.2B	1.1B	1.1B	1.2B	1.2B	1.2B	1.1B
Total Assets	5.3B	4.9B	5.0B	4.7B	3.9B	3.6B	3.0B	2.7B	2.1B	2.1B	1.9B	2.1B	2.1B	2.0B	1.9B	1.8B	2.0B	2.1B	2.0B	2.0B
Short Term Borrowings	--	--	--	--	2.5M	10.1M	48.0M	52.2M	55.4M	39.0M	30.6M	12.5M	16.4M	5.0M	--	--	--	--	--	22.2M
Accounts Payable	348.0M	236.0M	172.0M	194.0M	160.0M	132.0M	80.7M	65.6M	53.2M	55.6M	57.6M	145.0M	108.0M	111.0M	73.1M	67.9M	104.0M	92.5M	76.6M	140.0M
Advance Receipts	2.6M	3.8M	10.3M	3,500	215,900	8.3M	5.9M	5.8M	3.9M	5.1M	3.8M	5.8M	2.1M	1.6M	1.3M	2.4M	2.2M	3.6M	4.7M	4.6M
Contract Liabilities	30.6M	19.6M	18.9M	15.6M	17.4M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	724.0M	641.0M	582.0M	507.0M	352.0M	257.0M	205.0M	272.0M	170.0M	156.0M	149.0M	224.0M	170.0M	157.0M	121.0M	115.0M	143.0M	133.0M	94.2M	175.0M
Long Term Borrowings	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	150.0M	169.0M	167.0M	172.0M	199.0M	132.0M	95.1M	54.4M	60.2M	60.4M	58.3M	91.5M	142.0M	114.0M	108.0M	43.4M	10.7M	110.0M	104.0M	102.0M
Total Liabilities	874.0M	810.0M	749.0M	679.0M	552.0M	389.0M	300.0M	327.0M	230.0M	217.0M	208.0M	315.0M	311.0M	271.0M	229.0M	159.0M	154.0M	244.0M	198.0M	277.0M
Paid In Capital	709.0M	712.0M	712.0M	713.0M	704.0M	704.0M	700.0M	700.0M	674.0M	674.0M	674.0M	674.0M	674.0M	674.0M	674.0M	674.0M	674.0M	613.0M	613.0M	613.0M
Capital Reserve	995.0M	1.0B	1.0B	981.0M	924.0M	1.2B	1.2B	1.2B	802.0M	802.0M	802.0M	803.0M	803.0M	803.0M	807.0M	806.0M	807.0M	824.0M	702.0M	706.0M
Surplus Reserve	322.0M	313.0M	313.0M	299.0M	250.0M	203.0M	181.0M	151.0M	140.0M	140.0M	137.0M	133.0M	133.0M	129.0M	128.0M	127.0M	127.0M	125.0M	122.0M	124.0M
Retained Earnings	2.4B	2.0B	2.2B	2.0B	1.4B	1.0B	680.0M	382.0M	233.0M	212.0M	177.0M	156.0M	126.0M	106.0M	82.5M	66.9M	251.0M	332.0M	336.0M	319.0M
Minority Equity	--	--	--	44.0M	36.1M	103.0M	29.0M	27.7M	26.3M	23.6M	21.1M	25.6M	23.3M	16.5M	12.3M	8.0M	2.9M	20.3M	9.1M	6.1M
Equity Attributable	4.4B	4.1B	4.2B	3.9B	3.3B	3.1B	2.7B	2.4B	1.8B	1.8B	1.6B	1.8B	1.7B	1.7B	1.7B	1.7B	1.9B	1.8B	1.8B	1.8B
Total Equity	4.4B	4.1B	4.2B	4.0B	3.3B	3.2B	2.7B	2.4B	1.9B	1.9B	1.6B	1.8B	1.8B	1.7B	1.7B	1.7B	1.9B	1.8B	1.8B	1.8B

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	2.2B	1.8B	1.8B	1.8B	1.1B	959.0M	718.0M	555.0M	524.0M	454.0M	488.0M	573.0M	614.0M	506.0M	511.0M	456.0M	470.0M	483.0M	455.0M	677.0M
Tax Refunds Received	16.9M	18.4M	13.6M	10.5M	5.2M	7.1M	15.2M	2.8M	941,400	3.7M	3.3M	6.9M	12.7M	12.7M	18.7M	19.9M	7.1M	7.3M	1.1M	12.9M
Total Operating Cash Inflow	2.3B	1.9B	1.8B	1.9B	1.1B	1.0B	881.0M	599.0M	563.0M	500.0M	533.0M	663.0M	719.0M	575.0M	605.0M	526.0M	532.0M	513.0M	473.0M	703.0M
Cash Paid For Goods	1.7B	1.3B	1.5B	1.2B	833.0M	653.0M	588.0M	420.0M	362.0M	334.0M	374.0M	469.0M	493.0M	396.0M	391.0M	337.0M	396.0M	341.0M	345.0M	515.0M
Cash Paid To Employees	368.0M	309.0M	283.0M	175.0M	133.0M	136.0M	102.0M	81.9M	72.4M	74.6M	93.0M	113.0M	124.0M	104.0M	98.8M	93.4M	101.0M	83.1M	72.1M	69.8M
Taxes Paid	57.5M	61.2M	113.0M	103.0M	43.8M	46.1M	23.2M	13.7M	16.1M	10.1M	10.2M	5.2M	13.2M	15.6M	17.6M	11.8M	21.9M	11.1M	15.2M	24.7M
Total Operating Cash Outflow	2.2B	1.7B	2.0B	1.5B	1.1B	882.0M	779.0M	580.0M	503.0M	450.0M	519.0M	622.0M	665.0M	551.0M	539.0M	471.0M	549.0M	489.0M	463.0M	644.0M
Operating Cash Flow	93.6M	116.0M	-204.0M	385.0M	75.4M	153.0M	102.0M	18.7M	59.8M	50.6M	14.8M	41.7M	53.6M	24.1M	66.0M	54.5M	-17.0M	24.8M	9.7M	59.2M
Total Investing Cash Inflow	552.0M	430.0M	947.0M	446.0M	2.0B	554.0M	212.0M	366.0M	272.0M	1.5B	771.0M	348.0M	92.7M	28.2M	3.8M	3.7M	39.1M	43.6M	3.5M	111.0M
Total Investing Cash Outflow	495.0M	364.0M	657.0M	471.0M	2.8B	396.0M	301.0M	389.0M	226.0M	686.0M	936.0M	370.0M	201.0M	96.7M	57.0M	16.7M	39.2M	32.9M	101.0M	253.0M
Investing Cash Flow	56.8M	65.7M	291.0M	-24.8M	-832.0M	157.0M	-88.6M	-22.7M	45.6M	801.0M	-165.0M	-22.1M	-108.0M	-68.6M	-53.2M	-13.0M	-190,600	10.7M	-97.9M	-142.0M
Cash From Borrowings	--	5.0M	--	2.5M	7.5M	10.1M	72.8M	54.0M	91.0M	37.1M	38.9M	20.9M	26.2M	10.0M	--	--	--	--	--	28.0M
Dividends And Interest Paid	70.9M	142.0M	142.0M	93.7M	77.8M	36.7M	57.3M	14.6M	17.6M	20.2M	14.4M	11.1M	10.6M	6.9M	--	3.0M	24.5M	24.5M	24.8M	19.4M
Debt Repayments	--	5.0M	--	5.0M	15.1M	57.0M	80.3M	54.0M	77.7M	30.8M	5.0M	24.8M	14.8M	5.0M	--	--	--	--	4.9M	25.0M
Total Financing Cash Inflow	--	5.0M	--	72.3M	17.9M	136.0M	90.8M	54.0M	104.0M	47.0M	38.9M	20.9M	27.7M	10.0M	15.4M	-2.6M	6.0M	14.4M	6.9M	28.0M
Total Financing Cash Outflow	106.0M	165.0M	255.0M	131.0M	420.0M	97.4M	238.0M	69.1M	114.0M	63.6M	29.6M	35.9M	25.4M	11.9M	--	3.0M	24.5M	24.5M	32.4M	49.4M
Financing Cash Flow	-106.0M	-160.0M	-255.0M	-59.2M	-402.0M	38.1M	-147.0M	-15.1M	-10.0M	-16.5M	9.3M	-15.0M	2.3M	-1.9M	15.4M	-5.6M	-18.5M	-10.1M	-25.5M	-21.4M
Net Change In Cash	46.0M	22.0M	-162.0M	298.0M	-1.2B	350.0M	-127.0M	-21.9M	97.0M	837.0M	-140.0M	3.7M	-52.7M	-47.2M	27.5M	35.6M	-37.4M	24.2M	-114.0M	-105.0M
Ending Cash Balance	503.0M	457.0M	435.0M	597.0M	299.0M	1.5B	1.1B	1.2B	1.3B	1.2B	317.0M	458.0M	454.0M	506.0M	554.0M	526.0M	491.0M	528.0M	504.0M	--
Capex	27.2M	27.3M	35.9M	10.0M	18.7M	23.6M	4.6M	3.9M	7.7M	6.6M	54.4M	63.3M	86.0M	96.1M	53.6M	14.1M	17.2M	24.0M	101.0M	159.0M