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天润乳业 — 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 2.8B 2.7B 2.4B 2.1B 1.8B
Revenue Growth % 3.3% 12.6% 14.3% 19.3% --
Total Revenue 2.8B 2.7B 2.4B 2.1B 1.8B
Cost Of Revenue 2.3B 2.2B 2.0B 1.8B 1.4B
+Gross Profit 470.0M 519.0M 431.0M 345.0M 379.0M
Gross Margin % 16.8% 19.1% 17.9% 16.4% 21.4%
Total Operating Cost 2.8B 2.5B 2.2B 1.9B 1.6B
Selling Expenses 155.0M 147.0M 125.0M 96.5M 108.0M
Admin Expenses 106.0M 96.9M 80.8M 64.7M 70.7M
Rd Expenses 26.6M 24.8M 10.3M 6.5M 5.2M
Finance Expenses 37.9M 18.3M -5.0M -5.1M -4.2M
+Operating Income 117.0M 245.0M 232.0M 186.0M 195.0M
Operating Margin % 4.2% 9.0% 9.6% 8.8% 11.0%
Non Operating Income 4.8M 2.8M 2.6M 3.1M 2.4M
Non Operating Expenses 119.0M 74.8M 19.4M 9.4M 23.1M
Investment Income -1.6M 725,200 785,300 104,500 183,000
Asset Disposal Income 1.1M -953,700 181,700 659,500 205,800
Asset Impairment Loss 79.1M 49.3M 13.3M 12.2M 9.0M
Other Income 70.6M 80.1M 38.5M 24.2M 18.4M
Income Before Tax 3.4M 173.0M 215.0M 180.0M 174.0M
Income Tax -11.5M 33.0M 14.7M 18.9M 20.3M
+Net Income 14.9M 140.0M 201.0M 161.0M 154.0M
Net Margin % 0.5% 5.2% 8.3% 7.6% 8.7%
Net Income Attributable 43.7M 142.0M 196.0M 150.0M 147.0M
Minority Interest -28.8M -1.9M 4.2M 11.3M 6.2M
Eps Basic 0.14 0.45 0.62 0.56 0.56
Eps Diluted 0.14 0.45 0.62 0.56 0.56
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 849.0M 511.0M 704.0M 901.0M 370.0M
Trading Financial Assets -- -- -- -- --
Accounts Receivable 126.0M 143.0M 97.8M 67.1M 77.5M
Notes Receivable 7.9M -- -- -- --
Notes And Accounts Receivable 134.0M 143.0M 97.8M 67.1M 77.5M
Prepayments 33.2M 21.2M 31.4M 12.9M 10.2M
Inventory 621.0M 812.0M 502.0M 401.0M 284.0M
Total Current Assets 1.7B 1.6B 1.4B 1.4B 792.0M
Long Term Equity Investment 17.8M 19.4M 3.5M 2.7M 2.7M
Fixed Assets -- 2.2B 1.3B 1.3B 1.1B
Fixed Assets Total 2.6B 2.2B 1.3B 1.3B 1.1B
Construction In Progress -- 510.0M 389.0M 118.0M 192.0M
Construction In Progress Total 317.0M 510.0M 389.0M 118.0M 192.0M
Intangible Assets 170.0M 62.2M 42.4M 38.2M 32.5M
Long Term Deferred Expenses 6.9M 6.7M 3.8M 4.0M 2.5M
Total Non Current Assets 4.5B 4.1B 2.6B 2.1B 1.8B
Total Assets 6.2B 5.7B 3.9B 3.5B 2.6B
Short Term Borrowings 544.0M 476.0M 269.0M 138.0M 100.0M
Accounts Payable 756.0M 868.0M 400.0M 450.0M 372.0M
Advance Receipts -- -- -- -- --
Contract Liabilities 73.1M 51.3M 55.1M 45.6M 38.2M
Total Current Liabilities 1.7B 1.7B 1.1B 822.0M 699.0M
Long Term Borrowings 377.0M 842.0M -- 100.0M --
Total Non Current Liabilities 1.8B 1.3B 345.0M 348.0M 167.0M
Total Liabilities 3.5B 3.0B 1.4B 1.2B 867.0M
Paid In Capital 320.0M 320.0M 320.0M 320.0M 269.0M
Capital Reserve 1.4B 1.4B 1.4B 1.4B 879.0M
Surplus Reserve 96.2M 96.2M 74.7M 59.1M 47.6M
Retained Earnings 664.0M 664.0M 602.0M 467.0M 374.0M
Minority Equity 233.0M 262.0M 230.0M 83.1M 155.0M
Equity Attributable 2.4B 2.4B 2.3B 2.2B 1.6B
Total Equity 2.6B 2.7B 2.5B 2.3B 1.7B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 3.1B 2.9B 2.6B 2.3B 1.9B
Tax Refunds Received 34.7M 6.3M 13.5M -- --
Total Operating Cash Inflow 3.3B 3.1B 2.8B 2.4B 1.9B
Cash Paid For Goods 2.0B 2.1B 2.0B 1.6B 1.3B
Cash Paid To Employees 421.0M 314.0M 259.0M 269.0M 216.0M
Taxes Paid 46.5M 83.5M 66.4M 68.1M 71.7M
Total Operating Cash Outflow 2.7B 2.8B 2.5B 2.1B 1.7B
Operating Cash Flow 652.0M 344.0M 301.0M 359.0M 218.0M
Total Investing Cash Inflow 117.0M 130.0M 84.5M 74.9M 80.6M
Total Investing Cash Outflow 890.0M 1.2B 727.0M 549.0M 446.0M
Investing Cash Flow -773.0M -1.1B -643.0M -474.0M -365.0M
Cash From Borrowings 659.0M 1.1B 269.0M 238.0M 100.0M
Dividends And Interest Paid 97.1M 80.9M 57.5M 48.6M 49.7M
Debt Repayments 1.1B 517.0M 138.0M 100.0M 110.0M
Total Financing Cash Inflow 1.6B 1.1B 416.0M 794.0M 537.0M
Total Financing Cash Outflow 1.2B 603.0M 270.0M 149.0M 160.0M
Financing Cash Flow 459.0M 531.0M 146.0M 646.0M 377.0M
Net Change In Cash 338.0M -194.0M -196.0M 531.0M 230.0M
Ending Cash Balance 849.0M 511.0M 704.0M 901.0M 370.0M
Capex 890.0M 918.0M 727.0M 462.0M 446.0M
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