HENAN MINGTAI AL INDUSTRIAL CO

HENAN MINGTAI AL INDUSTRIAL CO — 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
+Revenue	32.3B	26.4B	27.8B	24.6B	16.3B	14.1B	13.3B	10.4B	7.5B	6.3B	6.5B	5.7B	5.3B	6.6B	5.0B	3.3B	4.1B
Revenue Growth %	22.2%	-4.8%	12.9%	50.7%	15.4%	6.2%	28.6%	38.6%	19.1%	-3.2%	14.8%	7.4%	-19.9%	31.7%	51.7%	-20.6%	--
Total Revenue	32.3B	26.4B	27.8B	24.6B	16.3B	14.1B	13.3B	10.4B	7.5B	6.3B	6.5B	5.7B	5.3B	6.6B	5.0B	3.3B	4.1B
Cost Of Revenue	30.1B	23.9B	25.1B	21.5B	14.4B	12.5B	12.1B	9.4B	6.8B	5.8B	6.0B	5.4B	5.0B	6.0B	4.5B	3.0B	3.9B
+Gross Profit	2.2B	2.5B	2.7B	3.1B	1.9B	1.7B	1.2B	928.0M	630.0M	435.0M	462.0M	282.0M	246.0M	605.0M	505.0M	320.0M	206.0M
Gross Margin %	6.9%	9.5%	9.8%	12.8%	11.8%	11.8%	8.8%	9.0%	8.4%	6.9%	7.1%	5.0%	4.7%	9.2%	10.1%	9.7%	5.0%
Total Operating Cost	31.0B	25.5B	26.4B	22.9B	15.5B	13.4B	12.8B	9.9B	7.2B	6.1B	6.3B	5.6B	5.2B	6.2B	4.7B	3.1B	4.1B
Selling Expenses	105.0M	86.4M	70.6M	74.1M	63.6M	279.0M	249.0M	198.0M	154.0M	123.0M	127.0M	86.8M	89.6M	99.1M	70.9M	53.9M	51.5M
Admin Expenses	273.0M	239.0M	247.0M	236.0M	184.0M	173.0M	148.0M	132.0M	136.0M	128.0M	108.0M	86.2M	88.4M	88.9M	64.4M	54.3M	39.0M
Rd Expenses	446.0M	1.1B	995.0M	953.0M	518.0M	347.0M	141.0M	62.1M	--	--	--	--	--	--	--	--	--
Finance Expenses	-65.9M	-54.6M	-133.0M	81.2M	152.0M	29.1M	61.4M	14.4M	-22.9M	-33.5M	9.4M	25.5M	1.3M	36.1M	37.8M	25.7M	47.6M
+Operating Income	2.0B	1.5B	2.0B	2.2B	1.3B	1.2B	648.0M	486.0M	364.0M	238.0M	243.0M	85.4M	56.3M	371.0M	326.0M	174.0M	35.4M
Operating Margin %	6.1%	5.5%	7.0%	8.8%	8.0%	8.6%	4.9%	4.7%	4.9%	3.8%	3.7%	1.5%	1.1%	5.6%	6.5%	5.3%	0.9%
Non Operating Income	6.8M	3.4M	3.7M	1.5M	815,000	757,600	7.1M	1.1M	5.0M	5.3M	11.7M	9.9M	32.5M	9.2M	3.0M	11.0M	6.2M
Non Operating Expenses	28.3M	4.7M	7.9M	32.4M	3.5M	2.6M	1.2M	10.2M	2.4M	1.3M	2.3M	920,000	1.5M	2.8M	1.6M	4.6M	2.1M
Investment Income	102.0M	21.3M	47.9M	51.2M	81.0M	36.9M	36.2M	-4.9M	35.2M	21.8M	24.4M	6.2M	1.3M	4.6M	3.5M	8.7M	-3.9M
Fair Value Change Income	-1.5M	-9.6M	-1.1M	-5.6M	10.7M	-8.4M	8.4M	-3.6M	3.6M	--	2,800	-2,800	-1.2M	1.2M	-2.2M	2.2M	--
Asset Disposal Income	-4.2M	-4.0M	-487,000	-5.7M	-5.0M	256.0M	-432,900	-1.6M	2.0M	--	--	--	--	--	--	--	--
Asset Impairment Loss	8.2M	9.7M	25.5M	13.1M	46.6M	5.0M	-10.6M	9.2M	19.4M	10.0M	16.4M	14.2M	3.9M	8.6M	2.4M	19.5M	22.7M
Other Income	582.0M	488.0M	508.0M	413.0M	351.0M	191.0M	51.7M	8.7M	--	--	--	--	--	--	--	--	--
Income Before Tax	1.9B	1.5B	1.9B	2.1B	1.3B	1.2B	654.0M	477.0M	367.0M	242.0M	252.0M	94.4M	87.3M	377.0M	327.0M	180.0M	39.5M
Income Tax	191.0M	110.0M	308.0M	251.0M	210.0M	228.0M	126.0M	108.0M	78.9M	49.2M	61.7M	24.7M	22.8M	95.2M	62.9M	23.0M	4.9M
+Net Income	1.8B	1.3B	1.6B	1.9B	1.1B	984.0M	528.0M	368.0M	288.0M	193.0M	191.0M	69.7M	64.4M	282.0M	264.0M	157.0M	34.6M
Net Margin %	5.4%	5.1%	5.9%	7.7%	6.7%	7.0%	4.0%	3.6%	3.9%	3.1%	2.9%	1.2%	1.2%	4.3%	5.3%	4.8%	0.8%
Net Income Attributable	1.7B	1.3B	1.6B	1.9B	1.1B	917.0M	496.0M	352.0M	269.0M	173.0M	177.0M	59.4M	63.3M	256.0M	241.0M	142.0M	33.3M
Minority Interest	2.0M	1.9M	43.8M	38.4M	21.6M	66.7M	32.3M	16.3M	18.8M	19.9M	13.2M	10.3M	1.1M	26.0M	23.5M	15.2M	1.3M
Eps Basic	1.46	1.31	1.66	1.98	1.82	1.52	0.84	0.73	0.59	0.42	0.44	0.15	0.16	0.72	0.71	0.45	0.11
Eps Diluted	1.39	1.31	1.50	1.89	1.43	1.51	0.84	0.72	0.59	0.41	0.44	0.15	0.16	0.72	0.71	0.45	0.11

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
Cash And Equivalents	1.6B	3.1B	1.9B	2.9B	2.1B	2.4B	1.2B	1.2B	751.0M	681.0M	876.0M	342.0M	856.0M	1.2B	349.0M	548.0M	560.0M
Trading Financial Assets	2.8B	1.0B	1.4B	2.1B	1.5B	820.0M	14.3M	--	24.6M	--	--	--	--	1.2M	--	5.3M	--
Accounts Receivable	1.7B	1.3B	800.0M	1.1B	797.0M	820.0M	634.0M	615.0M	315.0M	246.0M	361.0M	252.0M	288.0M	290.0M	321.0M	267.0M	142.0M
Notes Receivable	2.4B	1.9B	2.4B	1.6B	7.0M	66.2M	817.0M	568.0M	664.0M	325.0M	370.0M	527.0M	299.0M	234.0M	183.0M	56.0M	110.0M
Notes And Accounts Receivable	4.1B	3.2B	3.2B	2.8B	804.0M	886.0M	1.5B	1.2B	980.0M	571.0M	731.0M	779.0M	588.0M	523.0M	504.0M	323.0M	252.0M
Prepayments	361.0M	599.0M	565.0M	662.0M	430.0M	561.0M	911.0M	455.0M	98.7M	409.0M	530.0M	49.5M	70.7M	82.0M	174.0M	92.7M	155.0M
Inventory	5.0B	4.1B	3.9B	3.7B	2.4B	2.0B	1.3B	1.3B	951.0M	892.0M	962.0M	761.0M	775.0M	749.0M	646.0M	503.0M	261.0M
Total Current Assets	14.9B	13.2B	11.7B	12.8B	8.3B	7.8B	5.6B	5.1B	3.5B	3.6B	3.7B	2.2B	2.3B	2.6B	1.7B	1.5B	1.3B
Fixed Assets	--	5.1B	5.0B	3.7B	2.9B	2.7B	2.3B	1.9B	1.5B	1.2B	996.0M	748.0M	804.0M	709.0M	643.0M	612.0M	616.0M
Fixed Assets Total	5.4B	5.1B	5.0B	3.7B	2.9B	2.7B	2.3B	1.9B	1.5B	1.2B	996.0M	748.0M	804.0M	709.0M	643.0M	612.0M	616.0M
Construction In Progress	--	704.0M	692.0M	1.1B	439.0M	549.0M	770.0M	561.0M	254.0M	262.0M	237.0M	156.0M	47.0M	116.0M	76.8M	39.1M	26.4M
Construction In Progress Total	176.0M	706.0M	697.0M	1.1B	454.0M	550.0M	777.0M	562.0M	256.0M	263.0M	237.0M	159.0M	47.5M	117.0M	77.4M	40.9M	26.5M
Intangible Assets	558.0M	421.0M	432.0M	442.0M	363.0M	163.0M	166.0M	171.0M	142.0M	70.5M	79.3M	83.5M	85.5M	52.0M	53.3M	54.5M	55.8M
Long Term Deferred Expenses	1.8M	--	--	183,000	634,500	1.9M	4.3M	1.2M	--	--	142,700	249,700	--	--	--	--	--
Total Non Current Assets	8.4B	8.0B	7.2B	6.2B	4.4B	3.9B	3.7B	3.5B	2.4B	2.0B	1.6B	1.2B	957.0M	899.0M	791.0M	723.0M	706.0M
Total Assets	23.3B	21.2B	19.0B	18.9B	12.8B	11.8B	9.3B	8.6B	5.9B	5.6B	5.2B	3.4B	3.3B	3.5B	2.5B	2.2B	2.0B
Short Term Borrowings	582.0M	451.0M	291.0M	376.0M	--	310.0M	456.0M	650.0M	30.0M	230.0M	286.0M	300.0M	300.0M	470.0M	475.0M	426.0M	325.0M
Accounts Payable	812.0M	854.0M	992.0M	933.0M	532.0M	512.0M	456.0M	387.0M	311.0M	214.0M	206.0M	124.0M	97.6M	120.0M	99.5M	77.1M	68.7M
Advance Receipts	--	--	--	--	--	82.5M	73.8M	76.0M	51.9M	53.8M	49.2M	19.1M	27.7M	44.4M	79.8M	33.8M	44.3M
Contract Liabilities	228.0M	209.0M	251.0M	344.0M	141.0M	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	5.3B	4.9B	5.0B	6.5B	2.3B	2.7B	2.9B	3.1B	1.9B	1.8B	2.4B	699.0M	602.0M	875.0M	1.2B	1.2B	1.2B
Long Term Borrowings	--	--	--	--	--	--	300.0M	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	396.0M	359.0M	1.3B	1.4B	1.4B	1.8B	369.0M	20.2M	24.2M	13.2M	8.0M	10.2M	6.8M	8.8M	10.8M	17.1M	19.6M
Total Liabilities	5.7B	5.3B	6.3B	7.9B	3.8B	4.5B	3.2B	3.1B	1.9B	1.8B	2.4B	709.0M	609.0M	884.0M	1.3B	1.2B	1.2B
Paid In Capital	1.2B	1.2B	970.0M	682.0M	661.0M	616.0M	590.0M	590.0M	511.0M	483.0M	418.0M	401.0M	401.0M	401.0M	341.0M	341.0M	315.0M
Capital Reserve	6.7B	6.4B	4.2B	4.3B	4.1B	3.6B	3.5B	3.5B	2.4B	2.2B	1.5B	1.4B	1.4B	1.4B	303.0M	303.0M	202.0M
Surplus Reserve	380.0M	372.0M	352.0M	314.0M	233.0M	201.0M	174.0M	148.0M	119.0M	96.6M	85.8M	71.5M	67.4M	60.6M	42.0M	24.1M	13.6M
Retained Earnings	9.3B	7.7B	6.6B	5.2B	3.5B	2.6B	1.8B	1.4B	1.1B	920.0M	799.0M	676.0M	661.0M	645.0M	475.0M	281.0M	149.0M
Minority Equity	296.0M	299.0M	435.0M	394.0M	360.0M	224.0M	159.0M	182.0M	196.0M	180.0M	168.0M	155.0M	148.0M	96.7M	73.4M	52.8M	40.5M
Equity Attributable	17.3B	15.6B	12.2B	10.7B	8.7B	7.0B	5.9B	5.3B	3.9B	3.6B	2.7B	2.5B	2.5B	2.5B	1.2B	949.0M	680.0M
Total Equity	17.6B	15.9B	12.6B	11.1B	9.0B	7.3B	6.1B	5.5B	4.1B	3.8B	2.8B	2.7B	2.7B	2.6B	1.2B	1.0B	720.0M

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
Cash From Sales	32.4B	22.6B	23.2B	22.3B	13.5B	8.1B	7.7B	5.5B	5.3B	4.5B	4.0B	3.2B	6.0B	7.3B	5.9B	3.8B	4.6B
Tax Refunds Received	1.1B	769.0M	957.0M	772.0M	462.0M	344.0M	319.0M	342.0M	185.0M	219.0M	199.0M	127.0M	133.0M	262.0M	88.0M	24.7M	68.5M
Total Operating Cash Inflow	33.8B	24.0B	24.7B	23.6B	14.2B	8.8B	8.1B	5.9B	5.5B	4.8B	4.2B	3.3B	6.2B	7.8B	6.1B	3.9B	4.7B
Cash Paid For Goods	30.9B	20.5B	22.8B	18.9B	11.7B	7.6B	7.2B	5.6B	4.9B	4.4B	3.0B	3.0B	5.8B	7.2B	5.7B	3.7B	4.0B
Cash Paid To Employees	616.0M	578.0M	557.0M	500.0M	416.0M	383.0M	340.0M	284.0M	245.0M	208.0M	185.0M	155.0M	150.0M	140.0M	100.0M	64.6M	56.0M
Taxes Paid	1.1B	1.0B	1.0B	976.0M	687.0M	286.0M	170.0M	127.0M	86.7M	112.0M	53.3M	43.0M	92.4M	121.0M	123.0M	58.0M	63.1M
Total Operating Cash Outflow	33.2B	23.3B	25.5B	21.5B	13.4B	9.0B	8.1B	6.2B	5.5B	4.9B	3.4B	3.5B	6.2B	7.6B	6.1B	3.9B	4.4B
Operating Cash Flow	663.0M	666.0M	-856.0M	2.1B	875.0M	-161.0M	30.3M	-281.0M	69.7M	-109.0M	813.0M	-144.0M	32.1M	250.0M	52.7M	30.2M	323.0M
Total Investing Cash Inflow	7.0B	4.0B	4.5B	6.2B	12.4B	8.1B	5.4B	4.0B	5.0B	3.6B	3.5B	836.0M	9.3M	4.9M	7.3M	16.9M	16.7M
Total Investing Cash Outflow	9.5B	4.6B	3.9B	7.8B	11.8B	9.8B	5.2B	4.9B	5.0B	4.3B	3.8B	1.1B	181.0M	211.0M	147.0M	80.4M	184.0M
Investing Cash Flow	-2.5B	-586.0M	601.0M	-1.6B	596.0M	-1.7B	196.0M	-923.0M	-34.6M	-711.0M	-280.0M	-298.0M	-172.0M	-206.0M	-140.0M	-63.5M	-167.0M
Cash From Borrowings	223.0M	164.0M	--	--	--	318.0M	1.2B	686.0M	30.0M	310.0M	286.0M	325.0M	314.0M	488.0M	694.0M	686.0M	793.0M
Dividends And Interest Paid	160.0M	192.0M	206.0M	148.0M	71.6M	135.0M	101.0M	54.9M	60.3M	60.1M	61.3M	62.1M	65.7M	100.0M	57.7M	41.0M	49.8M
Debt Repayments	43.8M	2.9M	--	--	300.0M	766.0M	1.2B	57.4M	230.0M	366.0M	325.0M	325.0M	484.0M	493.0M	645.0M	585.0M	891.0M
Total Financing Cash Inflow	538.0M	1.5B	8.2M	11.4M	268.0M	2.9B	1.2B	1.8B	300.0M	1.3B	387.0M	369.0M	366.0M	1.6B	694.0M	786.0M	793.0M
Total Financing Cash Outflow	498.0M	377.0M	218.0M	159.0M	383.0M	902.0M	1.5B	390.0M	290.0M	440.0M	987.0M	403.0M	549.0M	593.0M	703.0M	626.0M	947.0M
Financing Cash Flow	40.1M	1.1B	-210.0M	-147.0M	-115.0M	2.0B	-290.0M	1.4B	10.1M	894.0M	-601.0M	-33.8M	-183.0M	1.0B	-8.7M	160.0M	-153.0M
Net Change In Cash	-1.8B	1.2B	-466.0M	277.0M	1.3B	161.0M	-52.9M	181.0M	46.7M	92.2M	-67.1M	-486.0M	-325.0M	1.1B	-106.0M	125.0M	-1.1M
Ending Cash Balance	1.2B	3.0B	1.8B	2.3B	2.0B	687.0M	525.0M	578.0M	398.0M	351.0M	259.0M	326.0M	812.0M	1.1B	78.9M	185.0M	59.3M
Capex	450.0M	214.0M	181.0M	410.0M	357.0M	321.0M	327.0M	408.0M	324.0M	101.0M	18.7M	75.4M	181.0M	211.0M	147.0M	70.4M	164.0M