FAR EAST SMARTER ENERGY CO LTD

FAR EAST SMARTER ENERGY 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	26.1B	24.5B	21.7B	20.9B	19.8B	17.2B	17.5B	17.3B	12.2B	11.7B	11.4B	11.6B	9.9B	11.0B	9.5B	6.8B	208.0M	176.0M	166.0M	150.0M
Revenue Growth %	6.7%	12.8%	3.9%	5.4%	15.4%	-2.0%	1.5%	41.0%	4.5%	3.2%	-1.9%	17.1%	-10.1%	16.2%	38.6%	3181.2%	18.2%	6.0%	10.7%	--
Total Revenue	26.1B	24.5B	21.7B	20.9B	19.8B	17.2B	17.5B	17.3B	12.2B	11.7B	11.4B	11.6B	9.9B	11.0B	9.5B	6.8B	208.0M	176.0M	166.0M	150.0M
Cost Of Revenue	23.7B	21.6B	18.9B	18.0B	17.4B	14.2B	14.8B	15.0B	10.1B	9.4B	9.5B	9.7B	8.2B	9.2B	7.9B	5.5B	143.0M	127.0M	118.0M	100.0M
+Gross Profit	2.4B	2.9B	2.8B	2.9B	2.4B	2.9B	2.7B	2.2B	2.1B	2.3B	1.9B	1.9B	1.7B	1.8B	1.6B	1.3B	65.0M	49.0M	48.0M	50.0M
Gross Margin %	9.1%	11.7%	12.9%	13.8%	12.2%	17.1%	15.5%	12.9%	17.3%	19.3%	16.5%	16.6%	16.9%	16.3%	16.9%	19.6%	31.2%	27.8%	28.9%	33.3%
Total Operating Cost	26.6B	24.3B	21.2B	20.5B	21.5B	17.1B	17.4B	17.3B	12.0B	11.4B	11.2B	11.5B	9.6B	10.6B	9.2B	6.7B	240.0M	176.0M	159.0M	145.0M
Selling Expenses	961.0M	822.0M	808.0M	963.0M	975.0M	1.2B	1.1B	1.2B	979.0M	967.0M	970.0M	1.2B	836.0M	874.0M	856.0M	854.0M	58.7M	24.7M	20.4M	23.7M
Admin Expenses	469.0M	476.0M	445.0M	474.0M	532.0M	437.0M	433.0M	348.0M	460.0M	431.0M	352.0M	331.0M	248.0M	225.0M	204.0M	159.0M	15.8M	10.4M	11.1M	12.9M
Rd Expenses	700.0M	713.0M	665.0M	530.0M	346.0M	296.0M	239.0M	222.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	384.0M	336.0M	206.0M	294.0M	309.0M	357.0M	349.0M	267.0M	172.0M	311.0M	236.0M	163.0M	211.0M	264.0M	157.0M	94.0M	6.7M	7.2M	6.1M	7.6M
+Operating Income	-377.0M	411.0M	617.0M	705.0M	-1.5B	212.0M	255.0M	53.9M	263.0M	444.0M	149.0M	119.0M	-175.0M	352.0M	304.0M	174.0M	-31.9M	7.1M	6.9M	9.2M
Operating Margin %	-1.4%	1.7%	2.8%	3.4%	-7.5%	1.2%	1.5%	0.3%	2.1%	3.8%	1.3%	1.0%	-1.8%	3.2%	3.2%	2.5%	-15.3%	4.0%	4.1%	6.1%
Non Operating Income	12.1M	9.9M	50.2M	10.7M	50.5M	1.6M	23.9M	36.0M	127.0M	124.0M	99.4M	244.0M	63.9M	54.5M	79.4M	82.5M	5.0M	501,800	391,900	186,700
Non Operating Expenses	9.5M	18.5M	15.0M	12.2M	20.1M	8.4M	10.6M	11.6M	33.1M	19.4M	9.4M	8.2M	8.5M	6.4M	14.4M	7.3M	29.2M	1,000	192,000	932,600
Investment Income	-880,400	32.3M	44.1M	149.0M	1.1M	-7.0M	7.2M	26.2M	-3.3M	135.0M	10.7M	19.5M	-410.0M	-7,846	377,000	15,700	537,000	6.6M	-21,000	-2.2M
Fair Value Change Income	-90.2M	232,300	-44.6M	-250,200	-22.9M	1.6M	25,900	-38,500	-3.1M	3.5M	-281,000	-1.9M	1.6M	--	--	--	--	--	--	--
Asset Disposal Income	-3.4M	9.3M	2.5M	11.5M	17.4M	8.1M	1.8M	-9.6M	2.9M	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	171.0M	163.0M	128.0M	147.0M	1.4B	312.0M	377.0M	145.0M	186.0M	209.0M	144.0M	140.0M	111.0M	49.6M	59.4M	42.1M	14.4M	5.1M	2.9M	--
Other Income	236.0M	187.0M	181.0M	174.0M	163.0M	152.0M	168.0M	91.5M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-375.0M	402.0M	652.0M	703.0M	-1.5B	206.0M	268.0M	78.4M	357.0M	549.0M	239.0M	356.0M	-120.0M	400.0M	369.0M	249.0M	-56.1M	7.6M	7.1M	8.4M
Income Tax	-45.9M	102.0M	72.7M	143.0M	228.0M	151.0M	84.9M	-11.1M	48.9M	97.5M	39.9M	60.9M	23.7M	71.6M	66.1M	44.9M	388,900	1.2M	-349,600	-1.0M
+Net Income	-329.0M	300.0M	579.0M	560.0M	-1.7B	54.8M	183.0M	89.5M	308.0M	451.0M	199.0M	295.0M	-143.0M	329.0M	302.0M	205.0M	-56.5M	6.3M	7.4M	9.4M
Net Margin %	-1.3%	1.2%	2.7%	2.7%	-8.5%	0.3%	1.0%	0.5%	2.5%	3.9%	1.8%	2.5%	-1.4%	3.0%	3.2%	3.0%	-27.2%	3.6%	4.5%	6.3%
Net Income Attributable	-318.0M	320.0M	552.0M	531.0M	-1.7B	44.9M	148.0M	51.1M	287.0M	422.0M	183.0M	303.0M	-142.0M	329.0M	302.0M	205.0M	-56.5M	6.3M	7.4M	9.5M
Minority Interest	-10.8M	-19.5M	27.2M	29.4M	5.6M	9.9M	35.2M	38.4M	21.4M	29.0M	16.6M	-8.3M	-1.1M	-12,900	-46,000	-278,900	-26,100	7,900	60,600	-13,000
Eps Basic	-0.14	0.14	0.25	0.24	-0.76	0.02	0.07	0.02	0.13	0.21	0.09	0.31	-0.14	0.38	0.71	0.48	-0.47	0.05	0.06	0.08
Eps Diluted	-0.14	0.14	0.25	0.24	-0.76	0.02	0.07	0.02	0.13	0.21	0.09	0.31	-0.14	0.38	0.71	0.48	-0.47	0.05	0.06	--

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	2.8B	3.5B	4.3B	3.4B	3.2B	2.6B	2.3B	2.5B	1.9B	2.5B	3.3B	2.1B	2.1B	4.0B	2.7B	2.3B	51.3M	37.2M	28.5M	28.2M
Trading Financial Assets	--	--	32,200	300.0M	348,500	52.2M	34,900	--	104,100	3.3M	845,800	988,700	1.9M	--	--	--	--	--	--	--
Accounts Receivable	5.6B	5.2B	4.3B	3.7B	4.1B	4.5B	5.0B	4.9B	4.1B	4.0B	3.4B	2.9B	2.9B	2.8B	2.7B	2.1B	67.0M	84.6M	105.0M	86.0M
Notes Receivable	18.4M	21.9M	31.9M	56.6M	108.0M	98.6M	781.0M	1.4B	567.0M	379.0M	250.0M	607.0M	527.0M	1.0B	110.0M	42.2M	937,900	--	--	--
Notes And Accounts Receivable	5.7B	5.2B	4.3B	3.8B	4.2B	4.6B	5.8B	6.3B	4.7B	4.4B	3.6B	3.5B	3.5B	3.9B	2.8B	2.2B	68.0M	84.6M	105.0M	86.0M
Prepayments	324.0M	452.0M	501.0M	463.0M	509.0M	550.0M	433.0M	94.6M	89.6M	126.0M	341.0M	56.0M	345.0M	408.0M	206.0M	148.0M	1.5M	2.0M	1.9M	1.9M
Inventory	2.7B	2.9B	2.6B	2.6B	2.0B	2.6B	2.6B	2.8B	1.7B	1.1B	918.0M	968.0M	1.1B	1.2B	1.0B	937.0M	41.5M	56.5M	44.0M	39.6M
Total Current Assets	13.7B	14.1B	13.9B	13.1B	11.5B	11.3B	11.8B	12.7B	9.0B	8.6B	8.8B	7.2B	7.5B	9.8B	7.3B	5.9B	169.0M	189.0M	197.0M	173.0M
Long Term Equity Investment	57.5M	33.4M	32.8M	52.4M	69.5M	75.7M	59.6M	32.7M	16.5M	17.9M	176,600	178,100	54.1M	1.0M	1.0M	9.1M	14.1M	22.6M	24.8M	53.4M
Fixed Assets	--	2.3B	2.3B	2.3B	3.2B	3.3B	3.0B	2.3B	2.1B	2.1B	2.1B	1.4B	1.2B	806.0M	716.0M	693.0M	70.4M	75.9M	79.4M	99.4M
Fixed Assets Total	3.0B	2.3B	2.3B	2.3B	3.2B	3.3B	3.0B	2.3B	2.1B	2.1B	2.1B	1.4B	1.2B	806.0M	716.0M	693.0M	70.4M	75.9M	79.4M	99.4M
Construction In Progress	--	1.4B	833.0M	147.0M	153.0M	120.0M	311.0M	276.0M	17.7M	58.9M	191.0M	398.0M	163.0M	56.9M	96.7M	35.2M	--	--	--	181,100
Construction In Progress Total	1.4B	1.4B	833.0M	147.0M	153.0M	120.0M	311.0M	276.0M	17.7M	58.9M	191.0M	398.0M	163.0M	56.9M	96.7M	35.2M	--	--	--	181,100
Intangible Assets	746.0M	765.0M	626.0M	592.0M	630.0M	655.0M	670.0M	686.0M	475.0M	489.0M	322.0M	261.0M	145.0M	80.5M	76.5M	77.0M	4.0M	4.3M	4.7M	4.9M
Long Term Deferred Expenses	2.3M	2.5M	2.3M	3.5M	3.3M	7.1M	5.6M	7.0M	390,200	1.4M	3.7M	4.5M	6.4M	--	--	--	--	--	--	--
Total Non Current Assets	6.5B	6.0B	5.1B	4.5B	5.4B	6.4B	6.5B	6.1B	4.6B	4.6B	3.5B	2.7B	1.7B	1.0B	985.0M	894.0M	107.0M	121.0M	139.0M	158.0M
Total Assets	20.2B	20.1B	19.1B	17.6B	16.9B	17.7B	18.4B	18.9B	13.6B	13.2B	12.2B	10.0B	9.2B	10.9B	8.3B	6.8B	276.0M	310.0M	336.0M	331.0M
Short Term Borrowings	5.1B	5.2B	5.2B	5.5B	5.1B	4.9B	4.5B	3.9B	1.9B	3.6B	5.3B	4.2B	3.7B	5.0B	4.4B	3.6B	94.3M	92.5M	91.2M	115.0M
Accounts Payable	5.2B	5.3B	4.3B	4.7B	3.8B	2.7B	2.2B	2.1B	1.1B	1.1B	1.1B	579.0M	497.0M	364.0M	682.0M	513.0M	33.7M	34.0M	46.4M	47.9M
Advance Receipts	--	--	53.5M	59.0M	53.3M	1.1B	987.0M	1.0B	743.0M	1.0B	757.0M	882.0M	1.0B	1.2B	938.0M	649.0M	351,600	3.7M	1.1M	1.6M
Contract Liabilities	1.2B	1.0B	832.0M	1.0B	1.0B	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	13.5B	14.1B	12.8B	13.1B	12.5B	10.9B	11.2B	9.7B	5.6B	7.9B	8.0B	6.6B	5.9B	7.4B	6.6B	5.3B	188.0M	176.0M	177.0M	191.0M
Long Term Borrowings	1.3B	223.0M	826.0M	12.0M	292.0M	944.0M	991.0M	740.0M	292.0M	177.0M	229.0M	--	4.0M	43.9M	70.0M	94.0M	10.0M	--	20.0M	--
Total Non Current Liabilities	2.3B	1.2B	1.9B	678.0M	1.1B	1.8B	2.2B	3.1B	2.1B	865.0M	947.0M	289.0M	241.0M	249.0M	219.0M	302.0M	10.1M	100,000	20.5M	100,000
Total Liabilities	15.9B	15.3B	14.6B	13.8B	13.6B	12.7B	13.4B	12.9B	7.7B	8.8B	8.9B	6.9B	6.2B	7.6B	6.8B	5.6B	198.0M	176.0M	198.0M	191.0M
Paid In Capital	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.2B	2.1B	990.0M	990.0M	990.0M	495.0M	427.0M	120.0M	120.0M	120.0M	120.0M	120.0M
Capital Reserve	1.4B	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	2.1B	2.1B	1.0B	1.5B	1.5B	1.5B	1.7B	293.0M	520.0M	3.0M	3.0M	5.9M	2.3M
Surplus Reserve	263.0M	263.0M	225.0M	192.0M	192.0M	192.0M	192.0M	192.0M	170.0M	170.0M	166.0M	165.0M	139.0M	61.4M	61.4M	61.4M	131,800	131,800	396,000	10.2M
Retained Earnings	416.0M	889.0M	607.0M	88.9M	-442.0M	1.3B	1.2B	1.1B	1.2B	869.0M	451.0M	368.0M	289.0M	1.0B	703.0M	481.0M	-47.3M	9.2M	10.4M	5.1M
Minority Equity	52.5M	88.7M	130.0M	90.9M	103.0M	112.0M	124.0M	421.0M	255.0M	198.0M	189.0M	72.8M	86.1M	1.3M	1.3M	1.4M	1.6M	1.7M	1.6M	1.6M
Equity Attributable	4.3B	4.7B	4.3B	3.7B	3.2B	4.9B	4.9B	5.6B	5.6B	4.2B	3.1B	3.0B	2.9B	3.3B	1.5B	1.2B	75.9M	132.0M	137.0M	138.0M
Total Equity	4.3B	4.8B	4.4B	3.8B	3.3B	5.0B	5.0B	6.0B	5.9B	4.4B	3.3B	3.1B	3.0B	3.3B	1.5B	1.2B	77.5M	134.0M	138.0M	139.0M

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	25.8B	24.9B	20.9B	20.9B	19.1B	18.4B	18.6B	17.4B	12.7B	14.1B	13.0B	12.5B	11.3B	11.1B	11.1B	7.8B	259.0M	229.0M	167.0M	149.0M
Tax Refunds Received	230.0M	166.0M	311.0M	204.0M	152.0M	104.0M	106.0M	92.3M	67.1M	87.7M	36.2M	36.2M	33.6M	32.7M	34.1M	35.0M	--	924,000	956,400	461,200
Total Operating Cash Inflow	26.4B	25.5B	21.6B	21.3B	19.4B	18.6B	18.9B	17.7B	12.9B	14.3B	13.1B	12.8B	11.5B	11.6B	11.3B	8.0B	262.0M	242.0M	178.0M	184.0M
Cash Paid For Goods	22.8B	21.9B	18.4B	17.4B	15.1B	13.8B	15.6B	15.8B	10.8B	10.9B	10.3B	10.2B	8.5B	10.1B	9.6B	6.1B	142.0M	174.0M	126.0M	97.5M
Cash Paid To Employees	1.3B	1.1B	1.1B	996.0M	1.0B	1.1B	1.0B	850.0M	749.0M	605.0M	538.0M	515.0M	412.0M	329.0M	283.0M	157.0M	23.1M	19.5M	11.8M	14.8M
Taxes Paid	499.0M	593.0M	495.0M	569.0M	606.0M	543.0M	501.0M	440.0M	587.0M	405.0M	428.0M	479.0M	500.0M	431.0M	285.0M	317.0M	16.0M	11.4M	11.2M	12.6M
Total Operating Cash Outflow	26.0B	25.0B	21.3B	20.2B	17.9B	16.7B	18.4B	18.3B	13.1B	12.9B	12.4B	12.2B	10.3B	11.7B	11.2B	7.7B	237.0M	234.0M	168.0M	163.0M
Operating Cash Flow	367.0M	497.0M	323.0M	1.1B	1.5B	1.9B	514.0M	-599.0M	-216.0M	1.4B	672.0M	512.0M	1.1B	-91.8M	18.6M	323.0M	25.0M	8.6M	10.2M	21.3M
Total Investing Cash Inflow	13.6M	252.0M	957.0M	224.0M	304.0M	356.0M	457.0M	221.0M	140.0M	536.0M	100.0M	199.0M	389.0M	109,600	33.7M	50.2M	5.7M	7.4M	403,300	252,700
Total Investing Cash Outflow	855.0M	1.2B	709.0M	976.0M	602.0M	551.0M	604.0M	1.8B	763.0M	487.0M	779.0M	882.0M	978.0M	347.0M	203.0M	84.8M	1.8M	1.6M	868,100	7.8M
Investing Cash Flow	-842.0M	-920.0M	248.0M	-753.0M	-298.0M	-195.0M	-147.0M	-1.6B	-622.0M	49.5M	-678.0M	-683.0M	-589.0M	-347.0M	-169.0M	-34.6M	4.0M	5.8M	-464,900	-7.6M
Cash From Borrowings	8.7B	8.2B	7.2B	7.9B	6.3B	6.8B	8.5B	6.6B	3.3B	6.5B	10.3B	8.1B	4.4B	6.5B	2.7B	2.3B	104.0M	95.5M	109.0M	115.0M
Dividends And Interest Paid	493.0M	293.0M	279.0M	265.0M	310.0M	399.0M	334.0M	485.0M	140.0M	279.0M	390.0M	382.0M	789.0M	241.0M	185.0M	122.0M	6.7M	6.9M	5.7M	7.3M
Debt Repayments	8.3B	8.1B	6.9B	7.6B	6.7B	7.9B	7.7B	4.0B	4.8B	8.2B	9.0B	7.6B	6.1B	6.0B	2.0B	1.5B	112.0M	94.2M	113.0M	153.0M
Total Financing Cash Inflow	9.6B	9.1B	8.0B	8.1B	6.4B	7.2B	8.7B	7.4B	6.1B	7.0B	10.7B	8.1B	5.3B	8.2B	2.7B	2.3B	104.0M	96.6M	109.0M	115.0M
Total Financing Cash Outflow	9.4B	8.8B	8.3B	8.3B	7.6B	8.9B	9.7B	4.7B	5.2B	8.6B	10.6B	8.2B	6.9B	6.2B	2.6B	2.0B	124.0M	101.0M	120.0M	163.0M
Financing Cash Flow	190.0M	299.0M	-277.0M	-150.0M	-1.2B	-1.7B	-1.1B	2.7B	893.0M	-1.6B	25.4M	-44.1M	-1.6B	2.0B	117.0M	328.0M	-19.5M	-4.5M	-10.6M	-47.8M
Net Change In Cash	-284.0M	-124.0M	296.0M	199.0M	78.6M	12.7M	-698.0M	462.0M	54.3M	-154.0M	18.5M	-215.0M	-1.0B	1.6B	-33.1M	616.0M	9.5M	9.9M	-788,500	-34.0M
Ending Cash Balance	953.0M	1.2B	1.4B	1.1B	865.0M	787.0M	774.0M	1.5B	1.0B	956.0M	1.1B	1.1B	1.3B	2.3B	775.0M	808.0M	38.8M	29.3M	19.5M	--
Capex	852.0M	1.2B	617.0M	289.0M	416.0M	188.0M	370.0M	615.0M	204.0M	168.0M	374.0M	843.0M	416.0M	347.0M	203.0M	79.8M	1.8M	1.6M	868,100	7.2M