HUADIAN NEW ENERGY GROUP

HUADIAN NEW ENERGY GROUP — 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
+Revenue	34.0B	29.6B	24.7B	21.7B	16.5B	15.2B	120.0M	137.0M
Revenue Growth %	14.8%	19.9%	13.5%	31.7%	8.9%	12535.0%	-12.4%	--
Total Revenue	34.0B	29.6B	24.7B	21.7B	16.5B	15.2B	120.0M	137.0M
Cost Of Revenue	18.3B	14.2B	11.3B	9.7B	8.0B	7.4B	59.8M	56.7M
+Gross Profit	15.7B	15.4B	13.4B	12.0B	8.5B	7.8B	60.2M	80.3M
Gross Margin %	46.1%	52.0%	54.3%	55.4%	51.8%	51.4%	50.2%	58.6%
Total Operating Cost	25.8B	20.7B	17.0B	15.0B	11.8B	11.5B	81.2M	75.2M
Admin Expenses	1.4B	1.1B	977.0M	768.0M	524.0M	474.0M	--	--
Finance Expenses	5.5B	4.5B	4.1B	4.0B	3.1B	3.3B	18.2M	17.3M
+Operating Income	10.4B	11.4B	9.9B	8.4B	4.9B	3.9B	43.6M	68.1M
Operating Margin %	30.6%	38.5%	40.0%	38.8%	29.4%	25.4%	36.4%	49.7%
Non Operating Income	277.0M	140.0M	171.0M	248.0M	171.0M	66.4M	467,800	0.00
Non Operating Expenses	185.0M	195.0M	87.6M	88.4M	43.7M	41.6M	469,000	3.8M
Investment Income	1.7B	2.1B	1.8B	1.4B	-43.0M	1.8M	--	--
Fair Value Change Income	-206,900	2.0M	-732,200	--	--	--	--	--
Asset Disposal Income	-4.5M	-713,300	2.4M	2.7M	410,800	323,900	--	--
Asset Impairment Loss	165.0M	432.0M	447.0M	148.0M	69.9M	216.0M	2.0M	--
Other Income	538.0M	415.0M	395.0M	330.0M	224.0M	226.0M	4.9M	6.5M
Income Before Tax	10.5B	11.3B	10.0B	8.6B	5.0B	3.9B	43.6M	64.3M
Income Tax	1.0B	1.2B	929.0M	733.0M	543.0M	390.0M	6.3M	10.7M
+Net Income	9.5B	10.1B	9.0B	7.9B	4.4B	3.5B	37.3M	53.7M
Net Margin %	27.9%	34.3%	36.6%	36.2%	26.9%	23.0%	31.1%	39.2%
Net Income Attributable	8.8B	9.6B	8.5B	7.3B	4.1B	3.3B	37.3M	53.7M
Minority Interest	649.0M	518.0M	509.0M	612.0M	357.0M	208.0M	--	--
Eps Basic	0.24	0.26	0.23	0.20	0.11	0.09	--	--
Eps Diluted	0.24	0.26	0.23	0.20	0.11	0.09	--	--

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
Cash And Equivalents	13.3B	6.4B	9.7B	9.3B	4.0B	3.1B	19.7M	12.5M
Trading Financial Assets	--	1,800	--	--	--	--	--	--
Accounts Receivable	45.0B	35.5B	26.8B	30.9B	19.9B	16.2B	95.1M	--
Notes Receivable	488.0M	77.5M	274.0M	366.0M	394.0M	530.0M	--	--
Notes And Accounts Receivable	45.5B	35.6B	27.1B	31.3B	20.3B	16.7B	95.1M	87.1M
Prepayments	220.0M	145.0M	146.0M	92.1M	101.0M	75.3M	2.5M	1.1M
Inventory	81.1M	73.6M	74.5M	64.5M	67.2M	64.6M	3.4M	3.8M
Total Current Assets	64.6B	46.9B	40.1B	43.9B	27.0B	23.8B	122.0M	110.0M
Long Term Equity Investment	13.5B	12.6B	11.8B	10.8B	10.1B	595.0M	--	--
Fixed Assets	--	180.8B	137.6B	110.3B	88.0B	81.9B	2.8M	--
Fixed Assets Total	215.4B	180.8B	137.6B	110.3B	88.0B	81.9B	2.8M	3.2M
Construction In Progress	--	51.0B	49.4B	30.4B	24.5B	13.0B	3.7M	--
Construction In Progress Total	74.9B	52.0B	54.4B	30.4B	26.5B	13.0B	3.7M	6.1M
Intangible Assets	5.9B	5.6B	5.2B	5.1B	5.0B	4.7B	762.0M	716.0M
Long Term Deferred Expenses	610.0M	552.0M	364.0M	334.0M	213.0M	181.0M	62,400	62,400
Total Non Current Assets	379.5B	289.8B	231.8B	173.5B	139.4B	107.1B	771.0M	728.0M
Total Assets	444.1B	336.7B	271.9B	217.4B	166.5B	131.0B	894.0M	838.0M
Short Term Borrowings	40.3B	35.4B	38.5B	17.4B	2.2B	2.1B	--	18.0M
Accounts Payable	27.6B	23.6B	21.5B	18.7B	12.1B	9.6B	38.0M	--
Advance Receipts	91.9M	35.7M	23.4M	9.8M	3.7M	3.7M	--	--
Contract Liabilities	3.3M	275,200	--	8.6M	9.1M	2.6M	--	--
Total Current Liabilities	105.9B	82.6B	74.0B	64.1B	50.9B	22.9B	164.0M	139.0M
Long Term Borrowings	181.0B	146.2B	102.2B	71.4B	65.0B	61.0B	481.0M	460.0M
Total Non Current Liabilities	218.6B	163.8B	119.4B	91.0B	75.4B	68.1B	481.0M	460.0M
Total Liabilities	324.5B	246.4B	193.4B	155.0B	126.4B	91.0B	644.0M	599.0M
Paid In Capital	36.0B	36.0B	36.0B	19.0B	10.0B	272.0M	182.0M	160.0M
Capital Reserve	12.1B	13.0B	13.6B	29.6B	18.9B	29.3B	--	--
Surplus Reserve	1.8B	1.0B	429.0M	184.0M	64.6M	38.5M	32.6M	28.8M
Retained Earnings	34.7B	27.0B	18.1B	10.4B	7.5B	7.9B	34.9M	49.3M
Minority Equity	14.0B	6.0B	5.3B	3.2B	3.8B	2.6B	--	--
Equity Attributable	105.6B	84.3B	73.2B	59.1B	36.2B	37.4B	249.0M	238.0M
Total Equity	119.6B	90.3B	78.5B	62.3B	40.1B	40.0B	249.0M	238.0M

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
Cash From Sales	31.5B	25.3B	33.8B	15.3B	14.7B	10.5B	132.0M	117.0M
Tax Refunds Received	1.4B	1.2B	1.2B	308.0M	208.0M	205.0M	5.6M	5.2M
Total Operating Cash Inflow	33.3B	26.9B	35.7B	16.3B	15.4B	13.2B	138.0M	122.0M
Cash Paid For Goods	2.3B	2.3B	1.3B	1.2B	742.0M	622.0M	13.3M	11.4M
Cash Paid To Employees	2.2B	1.9B	1.4B	1.2B	793.0M	747.0M	16.1M	14.7M
Taxes Paid	3.1B	3.1B	2.5B	2.3B	1.8B	866.0M	20.7M	23.1M
Total Operating Cash Outflow	9.1B	8.4B	5.9B	6.3B	4.0B	2.6B	50.2M	49.2M
Operating Cash Flow	24.2B	18.5B	29.8B	10.0B	11.3B	10.6B	88.0M	73.2M
Total Investing Cash Inflow	2.0B	1.8B	1.6B	891.0M	1.6B	465.0M	454,500	41,400
Total Investing Cash Outflow	76.8B	61.2B	61.2B	29.5B	24.0B	15.7B	67.6M	162.0M
Investing Cash Flow	-74.8B	-59.4B	-59.6B	-28.6B	-22.4B	-15.2B	-67.1M	-162.0M
Cash From Borrowings	151.5B	124.8B	96.6B	73.8B	35.5B	18.5B	50.4M	154.0M
Dividends And Interest Paid	7.5B	6.0B	9.1B	6.8B	4.8B	4.9B	24.0M	23.8M
Debt Repayments	102.3B	80.6B	54.3B	52.6B	20.9B	16.3B	61.9M	31.6M
Total Financing Cash Inflow	172.9B	127.9B	104.7B	97.7B	44.1B	25.4B	72.3M	154.0M
Total Financing Cash Outflow	115.4B	90.3B	74.6B	73.9B	32.0B	21.4B	85.9M	55.5M
Financing Cash Flow	57.5B	37.6B	30.2B	23.8B	12.0B	4.0B	-13.6M	98.8M
Net Change In Cash	6.8B	-3.4B	373.0M	5.2B	917.0M	-566.0M	7.3M	9.7M
Ending Cash Balance	13.1B	6.2B	9.6B	9.2B	4.0B	3.1B	19.7M	12.5M
Capex	71.6B	60.3B	58.4B	28.4B	23.9B	14.2B	67.6M	162.0M