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工业富联 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
+Revenue 902.9B 609.1B 476.3B 511.9B 439.6B
Revenue Growth % 48.2% 27.9% -6.9% 16.4% --
Total Revenue 902.9B 609.1B 476.3B 511.9B 439.6B
Cost Of Revenue 839.9B 564.8B 438.0B 474.7B 403.0B
+Gross Profit 63.0B 44.3B 38.4B 37.2B 36.5B
Gross Margin % 7.0% 7.3% 8.1% 7.3% 8.3%
Total Operating Cost 862.3B 582.8B 454.3B 491.8B 419.0B
Selling Expenses 1.2B 1.0B 1.0B 1.1B 896.0M
Admin Expenses 6.0B 5.2B 4.2B 3.8B 4.2B
Rd Expenses 11.2B 10.6B 10.8B 11.6B 10.8B
Finance Expenses 1.7B -656.0M -586.0M -704.0M -826.0M
+Operating Income 41.0B 25.9B 23.1B 21.9B 22.4B
Operating Margin % 4.5% 4.3% 4.8% 4.3% 5.1%
Non Operating Income 91.7M 95.9M 124.0M 121.0M 83.8M
Non Operating Expenses 96.2M 57.6M 66.4M 30.6M 164.0M
Investment Income -558.0M -975.0M -666.0M 30.3M 979.0M
Fair Value Change Income 182.0M -494.0M 264.0M -70.1M -481.0M
Asset Disposal Income 364.0M 93.8M 130.0M 8.8M 13.6M
Asset Impairment Loss 1.5B 1.1B 543.0M 1.1B 408.0M
Other Income 427.0M 1.0B 1.2B 1.9B 1.4B
Income Before Tax 41.0B 26.0B 23.1B 22.0B 22.3B
Income Tax 5.7B 2.7B 2.1B 1.9B 2.3B
+Net Income 35.3B 23.3B 21.0B 20.1B 20.0B
Net Margin % 3.9% 3.8% 4.4% 3.9% 4.6%
Net Income Attributable 35.3B 23.2B 21.0B 20.1B 20.0B
Minority Interest 43.5M 38.5M -21.9M 10.8M 15.0M
Eps Basic 1.78 1.17 1.06 1.02 1.01
Eps Diluted 1.78 1.17 1.06 1.02 1.01
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash And Equivalents 110.0B 72.4B 83.5B 69.4B 82.9B
Trading Financial Assets 282.0M 257.0M 333.0M -- --
Accounts Receivable 110.7B 94.5B 88.5B 97.7B 87.0B
Notes Receivable 2.6M 4.3M 7.4M 16.9M 4.1M
Notes And Accounts Receivable 110.7B 94.5B 88.5B 97.7B 87.0B
Prepayments 431.0M 353.0M 255.0M 352.0M 242.0M
Inventory 150.9B 85.3B 76.7B 77.3B 71.9B
Total Current Assets 402.8B 274.0B 252.5B 248.9B 247.2B
Long Term Equity Investment 5.3B 6.3B 7.2B 12.2B 3.2B
Fixed Assets 24.0B 20.0B 17.7B 15.9B 9.5B
Fixed Assets Total 24.0B 20.0B 17.7B 15.9B 9.5B
Construction In Progress 7.8B 3.2B 2.5B 701.0M 1.4B
Construction In Progress Total 7.8B 3.2B 2.5B 701.0M 1.4B
Intangible Assets 1.2B 1.3B 1.0B 440.0M 407.0M
Long Term Deferred Expenses 5.8B 3.9B 2.7B 1.7B 1.3B
Total Non Current Assets 53.5B 43.5B 35.2B 35.2B 19.4B
Total Assets 456.2B 317.5B 287.7B 284.2B 266.6B
Short Term Borrowings 104.2B 36.0B 41.1B 50.5B 52.1B
Accounts Payable 138.0B 93.8B 75.0B 69.3B 71.7B
Advance Receipts -- -- -- -- --
Contract Liabilities 3.1B 350.0M 190.0M 177.0M 112.0M
Total Current Liabilities 280.4B 158.9B 138.0B 149.2B 141.3B
Long Term Borrowings 3.6M -- 7.1B 3.5B 3.8B
Total Non Current Liabilities 8.7B 5.5B 9.1B 5.7B 5.8B
Total Liabilities 289.1B 164.4B 147.1B 154.9B 147.1B
Paid In Capital 19.9B 19.9B 19.9B 19.9B 19.9B
Capital Reserve 29.1B 29.4B 29.1B 28.5B 28.3B
Surplus Reserve 8.5B 6.4B 5.2B 3.8B 2.8B
Retained Earnings 111.1B 97.1B 86.7B 77.9B 68.8B
Minority Equity 336.0M 445.0M 408.0M 358.0M 307.0M
Equity Attributable 166.8B 152.7B 140.2B 129.0B 119.2B
Total Equity 167.1B 153.1B 140.6B 129.3B 119.5B
Line ItemFY 2025Dec 31, 2025FY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021
Cash From Sales 899.9B 603.0B 500.5B 516.4B 450.5B
Tax Refunds Received 4.1B 5.4B 5.2B 3.5B 4.8B
Total Operating Cash Inflow 907.4B 615.1B 509.7B 529.5B 462.4B
Cash Paid For Goods 857.3B 552.3B 427.7B 479.0B 419.4B
Cash Paid To Employees 28.1B 26.4B 25.3B 25.4B 24.9B
Taxes Paid 5.9B 3.4B 2.9B 3.3B 3.6B
Total Operating Cash Outflow 902.2B 591.3B 466.6B 514.2B 453.7B
Operating Cash Flow 5.2B 23.8B 43.1B 15.4B 8.7B
Total Investing Cash Inflow 2.5B 1.4B 6.7B 3.1B 3.3B
Total Investing Cash Outflow 32.3B 12.3B 11.3B 18.4B 10.4B
Investing Cash Flow -29.7B -10.9B -4.6B -15.3B -7.1B
Cash From Borrowings 106.2B 135.8B 162.5B 148.2B 157.3B
Dividends And Interest Paid 16.7B 13.8B 13.3B 11.1B 5.4B
Debt Repayments 39.8B 144.8B 172.7B 148.3B 144.8B
Total Financing Cash Inflow 106.2B 135.9B 162.8B 149.1B 157.3B
Total Financing Cash Outflow 58.8B 160.3B 187.6B 163.2B 152.5B
Financing Cash Flow 47.4B -24.4B -24.7B -14.1B 4.8B
Net Change In Cash 22.4B -11.0B 14.2B -11.9B 5.8B
Ending Cash Balance 94.8B 72.3B 83.4B 69.2B 81.1B
Capex 17.2B 11.3B 9.2B 8.1B 6.0B
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