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光明乳业 — 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 24.3B 26.5B 28.2B 29.2B 25.3B
Revenue Growth % -8.3% -6.1% -3.4% 15.6% --
Total Revenue 24.3B 26.5B 28.2B 29.2B 25.3B
Cost Of Revenue 19.6B 21.3B 23.0B 23.8B 19.7B
+Gross Profit 4.7B 5.2B 5.3B 5.4B 5.6B
Gross Margin % 19.2% 19.7% 18.7% 18.4% 22.0%
Total Operating Cost 24.3B 26.1B 27.8B 28.7B 24.2B
Selling Expenses 3.0B 3.2B 3.5B 3.6B 3.3B
Admin Expenses 886.0M 886.0M 878.0M 814.0M 826.0M
Rd Expenses 137.0M 86.2M 84.7M 89.3M 72.8M
Finance Expenses 246.0M 235.0M 158.0M 114.0M 94.7M
+Operating Income 725.0M 892.0M 541.0M 657.0M 1.2B
Operating Margin % 3.0% 3.4% 1.9% 2.2% 4.7%
Non Operating Income 33.3M 89.9M 40.4M 82.7M 33.7M
Non Operating Expenses 316.0M 165.0M 83.7M 39.7M 73.2M
Investment Income -2.6M 5.4M -14.4M -4.6M 6.2M
Fair Value Change Income -112.0M 7.0M -6.9M -- --
Asset Disposal Income 730.0M 448.0M 33.9M 63.5M 4.6M
Asset Impairment Loss 369.0M 348.0M 172.0M 92.7M 50.2M
Other Income 145.0M 46.8M 65.7M 56.9M 121.0M
Income Before Tax 442.0M 816.0M 498.0M 700.0M 1.2B
Income Tax -39.8M -14.2M 107.0M 133.0M 372.0M
+Net Income 482.0M 831.0M 391.0M 567.0M 785.0M
Net Margin % 2.0% 3.1% 1.4% 1.9% 3.1%
Net Income Attributable 722.0M 967.0M 361.0M 592.0M 608.0M
Minority Interest -240.0M -137.0M 30.5M -25.4M 178.0M
Eps Basic 0.52 0.70 0.26 0.48 0.50
Eps Diluted 0.52 0.70 0.26 0.48 0.50
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 3.0B 3.3B 2.6B 3.2B 3.0B
Trading Financial Assets 8.0M 1.1M 1.2M -- --
Accounts Receivable 2.0B 1.9B 2.3B 1.9B 1.8B
Notes Receivable 377,000 -- -- -- --
Notes And Accounts Receivable 2.0B 1.9B 2.3B 1.9B 1.8B
Prepayments 549.0M 436.0M 488.0M 555.0M 525.0M
Inventory 3.1B 3.6B 4.2B 3.1B 2.9B
Total Current Assets 9.3B 9.7B 9.9B 9.2B 9.0B
Long Term Equity Investment 81.6M 86.0M 80.6M 130.0M 115.0M
Fixed Assets -- 9.2B 8.6B 8.1B 8.2B
Fixed Assets Total 8.4B 9.2B 8.6B 8.1B 8.2B
Construction In Progress -- 313.0M 1.0B 1.4B 676.0M
Construction In Progress Total 272.0M 313.0M 1.0B 1.4B 676.0M
Intangible Assets 794.0M 872.0M 786.0M 571.0M 443.0M
Long Term Deferred Expenses 55.3M 61.5M 24.1M 21.2M 15.8M
Total Non Current Assets 13.6B 14.5B 14.5B 14.3B 11.2B
Total Assets 22.9B 24.2B 24.5B 23.4B 20.2B
Short Term Borrowings 2.2B 1.8B 1.2B 713.0M 1.3B
Accounts Payable 3.0B 3.1B 3.9B 3.3B 3.0B
Advance Receipts -- -- -- -- --
Contract Liabilities 1.3B 1.4B 1.1B 1.0B 891.0M
Total Current Liabilities 10.7B 10.2B 10.7B 8.7B 9.1B
Long Term Borrowings 96.5M 535.0M 202.0M 910.0M 477.0M
Total Non Current Liabilities 1.1B 2.6B 3.2B 4.4B 2.2B
Total Liabilities 11.8B 12.8B 13.9B 13.1B 11.2B
Paid In Capital 1.4B 1.4B 1.4B 1.4B 1.2B
Capital Reserve 3.5B 2.9B 2.9B 2.9B 1.7B
Surplus Reserve 689.0M 689.0M 689.0M 677.0M 612.0M
Retained Earnings 4.5B 4.1B 3.2B 3.1B 2.8B
Minority Equity 1.6B 2.5B 2.5B 2.5B 2.6B
Equity Attributable 9.5B 8.9B 8.0B 7.9B 6.3B
Total Equity 11.1B 11.4B 10.5B 10.4B 8.9B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 27.4B 30.4B 33.1B 35.1B 30.0B
Tax Refunds Received -- -- 34.6M 385.0M 312.0M
Total Operating Cash Inflow 27.6B 30.6B 33.4B 35.8B 30.9B
Cash Paid For Goods 20.5B 22.1B 26.4B 27.0B 21.8B
Cash Paid To Employees 3.5B 4.2B 3.5B 3.4B 3.0B
Taxes Paid 609.0M 362.0M 660.0M 852.0M 856.0M
Total Operating Cash Outflow 26.3B 29.1B 32.7B 33.8B 28.7B
Operating Cash Flow 1.3B 1.5B 667.0M 2.1B 2.2B
Total Investing Cash Inflow 414.0M 567.0M 283.0M 458.0M 301.0M
Total Investing Cash Outflow 643.0M 912.0M 1.4B 3.1B 2.2B
Investing Cash Flow -229.0M -345.0M -1.1B -2.6B -1.9B
Cash From Borrowings 2.3B 2.8B 2.3B 1.1B 2.9B
Dividends And Interest Paid 500.0M 288.0M 348.0M 281.0M 300.0M
Debt Repayments 2.9B 2.6B 1.8B 1.6B 3.1B
Total Financing Cash Inflow 2.4B 2.8B 2.3B 3.0B 3.6B
Total Financing Cash Outflow 3.7B 3.2B 2.5B 2.2B 3.4B
Financing Cash Flow -1.3B -496.0M -126.0M 783.0M 145.0M
Net Change In Cash -297.0M 625.0M -554.0M 242.0M 472.0M
Ending Cash Balance 3.0B 3.3B 2.6B 3.2B 3.0B
Capex 637.0M 908.0M 1.4B 2.4B 1.9B
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