SHIDA SHINGHWA ADVANCED MATERIA

SHIDA SHINGHWA ADVANCED MATERIA — 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
+Revenue	5.5B	5.6B	8.3B	7.1B	4.5B	4.6B	5.3B	4.8B	3.8B	3.5B	5.1B	5.0B	3.9B	2.3B	2.8B
Revenue Growth %	-1.6%	-32.2%	17.9%	57.7%	-3.6%	-12.9%	11.7%	25.9%	9.8%	-32.7%	2.6%	27.7%	69.5%	-18.9%	--
Total Revenue	5.5B	5.6B	8.3B	7.1B	4.5B	4.6B	5.3B	4.8B	3.8B	3.5B	5.1B	5.0B	3.9B	2.3B	2.8B
Cost Of Revenue	5.2B	5.3B	6.8B	4.8B	3.7B	3.9B	4.7B	4.3B	3.4B	3.2B	4.8B	4.7B	3.6B	2.0B	2.6B
+Gross Profit	302.0M	367.0M	1.5B	2.2B	771.0M	785.0M	613.0M	493.0M	429.0M	266.0M	313.0M	330.0M	330.0M	274.0M	207.0M
Gross Margin %	5.4%	6.5%	17.9%	31.5%	17.2%	16.9%	11.5%	10.3%	11.3%	7.7%	6.1%	6.6%	8.4%	11.9%	7.3%
Total Operating Cost	5.7B	5.7B	7.3B	5.6B	4.2B	4.3B	5.1B	4.5B	3.6B	3.4B	5.1B	4.9B	3.8B	2.2B	2.7B
Selling Expenses	81.9M	86.5M	88.6M	59.5M	46.8M	99.4M	80.3M	83.1M	71.8M	65.0M	57.4M	58.3M	49.2M	35.7M	39.7M
Admin Expenses	127.0M	131.0M	148.0M	245.0M	125.0M	138.0M	121.0M	98.3M	75.3M	71.8M	50.7M	52.0M	46.0M	41.3M	38.8M
Rd Expenses	238.0M	192.0M	269.0M	319.0M	164.0M	159.0M	37.5M	8.1M	--	--	--	--	--	--	--
Finance Expenses	5.4M	-3.0M	-90.0M	10.2M	38.2M	19.8M	39.1M	26.8M	8.8M	27.8M	62.9M	81.9M	74.0M	40.9M	14.3M
+Operating Income	-147.0M	-74.9M	994.0M	1.5B	317.0M	371.0M	256.0M	247.0M	231.0M	64.4M	64.1M	123.0M	150.0M	145.0M	104.0M
Operating Margin %	-2.7%	-1.3%	12.0%	21.1%	7.1%	8.0%	4.8%	5.2%	6.1%	1.9%	1.2%	2.5%	3.8%	6.3%	3.7%
Non Operating Income	9.0M	10.0M	34.4M	18.2M	1.1M	1.3M	644,500	2.4M	2.3M	2.5M	3.5M	4.1M	2.7M	3.2M	4.0M
Non Operating Expenses	3.0M	11.6M	4.5M	5.9M	3.5M	2.6M	7.1M	1.0M	196,500	1.5M	1.8M	386,400	3.3M	580,300	109,100
Investment Income	-8.0M	99,900	-4.0M	6.4M	1.6M	37.7M	-11.5M	4.8M	--	-2.5M	925,700	-619,700	-3.5M	-3.1M	-1.5M
Fair Value Change Income	-16,800	-9.3M	-8.8M	4.4M	14.1M	5.1M	-13.6M	-251,700	--	--	--	--	--	--	--
Asset Disposal Income	153,600	--	6.1M	--	100.00	293,800	-1.6M	-712,700	-1.2M	--	--	--	--	--	--
Asset Impairment Loss	12.4M	10.7M	35.3M	72.8M	82.3M	5.8M	32.5M	13.6M	23.1M	25.6M	67.2M	1.9M	2.0M	2.5M	3.0M
Other Income	47.8M	7.4M	7.1M	3.8M	4.1M	3.1M	1.9M	1.1M	--	--	--	--	--	--	--
Income Before Tax	-141.0M	-76.5M	1.0B	1.5B	315.0M	370.0M	249.0M	248.0M	233.0M	65.5M	65.8M	127.0M	149.0M	148.0M	108.0M
Income Tax	-66.0M	-13.9M	136.0M	204.0M	54.2M	36.7M	45.7M	42.7M	45.5M	10.1M	14.3M	21.7M	23.2M	26.4M	20.0M
+Net Income	-75.2M	-62.7M	888.0M	1.3B	260.0M	333.0M	204.0M	206.0M	188.0M	55.4M	51.5M	105.0M	126.0M	121.0M	87.7M
Net Margin %	-1.4%	-1.1%	10.7%	18.4%	5.8%	7.2%	3.8%	4.3%	5.0%	1.6%	1.0%	2.1%	3.2%	5.2%	3.1%
Net Income Attributable	16.4M	18.7M	891.0M	1.2B	260.0M	308.0M	205.0M	186.0M	170.0M	44.1M	42.5M	99.3M	119.0M	117.0M	89.7M
Minority Interest	-91.6M	-81.4M	-2.2M	120.0M	570,600	24.4M	-1.8M	19.1M	17.2M	11.3M	8.9M	5.6M	6.7M	4.3M	-1.9M
Eps Basic	0.08	0.09	4.39	5.81	1.28	1.52	1.01	0.92	0.84	0.24	0.28	0.65	0.79	0.77	0.64
Eps Diluted	0.08	0.09	4.39	5.81	1.28	1.52	1.01	0.92	0.84	--	--	0.65	0.79	0.77	0.64

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
Cash And Equivalents	304.0M	646.0M	1.2B	866.0M	579.0M	309.0M	154.0M	133.0M	84.5M	155.0M	102.0M	97.2M	155.0M	207.0M	139.0M
Trading Financial Assets	730,300	747,100	51.6M	165.0M	150.0M	272.0M	176.0M	60.9M	--	--	--	--	--	--	--
Accounts Receivable	1.4B	613.0M	870.0M	794.0M	457.0M	335.0M	337.0M	276.0M	148.0M	134.0M	154.0M	111.0M	82.7M	51.4M	62.7M
Notes Receivable	--	--	--	--	--	--	172.0M	214.0M	118.0M	20.5M	16.9M	12.2M	70.6M	31.8M	7.2M
Notes And Accounts Receivable	1.4B	613.0M	870.0M	794.0M	457.0M	335.0M	509.0M	490.0M	266.0M	155.0M	171.0M	123.0M	153.0M	83.2M	69.9M
Prepayments	75.3M	77.9M	176.0M	55.6M	62.0M	186.0M	64.9M	56.5M	20.8M	37.8M	87.3M	97.1M	124.0M	94.3M	133.0M
Inventory	603.0M	425.0M	399.0M	250.0M	394.0M	398.0M	327.0M	346.0M	318.0M	263.0M	351.0M	506.0M	529.0M	326.0M	277.0M
Total Current Assets	3.9B	2.1B	3.2B	2.8B	1.9B	1.8B	1.5B	1.3B	727.0M	642.0M	714.0M	825.0M	963.0M	713.0M	625.0M
Long Term Equity Investment	33.8M	33.9M	33.9M	92.6M	90.5M	87.7M	--	--	--	--	2.2M	817,600	1.1M	16.7M	6.6M
Fixed Assets	--	2.4B	1.8B	909.0M	949.0M	1.0B	1.1B	1.2B	1.3B	1.1B	1.2B	1.3B	962.0M	970.0M	406.0M
Fixed Assets Total	3.9B	2.4B	1.8B	910.0M	949.0M	1.0B	1.1B	1.2B	1.3B	1.1B	1.2B	1.3B	962.0M	970.0M	406.0M
Construction In Progress	--	2.3B	712.0M	592.0M	139.0M	33.1M	24.8M	52.5M	44.5M	247.0M	81.0M	29.4M	229.0M	40.1M	73.6M
Construction In Progress Total	1.2B	2.3B	730.0M	603.0M	155.0M	33.1M	24.8M	52.5M	46.9M	247.0M	81.3M	30.2M	230.0M	40.1M	73.6M
Intangible Assets	372.0M	319.0M	271.0M	96.7M	73.5M	74.4M	76.2M	78.2M	79.2M	77.1M	95.2M	97.4M	99.7M	102.0M	82.9M
Long Term Deferred Expenses	150,800	271,500	6.5M	512,800	--	9.5M	8.3M	9.5M	8.2M	--	52,200	527,900	907,100	1.4M	815,800
Total Non Current Assets	5.7B	5.2B	3.2B	1.9B	1.4B	1.4B	1.3B	1.4B	1.5B	1.5B	1.4B	1.4B	1.3B	1.1B	584.0M
Total Assets	9.6B	7.3B	6.4B	4.7B	3.3B	3.2B	2.8B	2.6B	2.2B	2.1B	2.1B	2.2B	2.3B	1.9B	1.2B
Short Term Borrowings	1.0B	368.0M	115.0M	2.0M	217.0M	750.0M	315.0M	554.0M	225.0M	335.0M	538.0M	620.0M	876.0M	807.0M	324.0M
Accounts Payable	1.4B	1.3B	849.0M	448.0M	308.0M	170.0M	285.0M	266.0M	245.0M	210.0M	156.0M	190.0M	199.0M	233.0M	113.0M
Advance Receipts	--	--	--	--	--	71.3M	41.9M	38.7M	37.9M	34.8M	38.9M	28.1M	26.0M	36.4M	34.7M
Contract Liabilities	39.8M	55.6M	108.0M	66.3M	94.2M	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	3.7B	2.3B	1.7B	968.0M	912.0M	1.2B	922.0M	954.0M	599.0M	726.0M	1.0B	953.0M	1.2B	1.1B	553.0M
Long Term Borrowings	1.6B	568.0M	170.0M	103.0M	54.7M	51.4M	141.0M	11.3M	--	--	18.9M	284.0M	187.0M	--	50.0M
Total Non Current Liabilities	1.6B	631.0M	236.0M	144.0M	77.8M	61.5M	146.0M	17.7M	6.5M	8.2M	25.9M	291.0M	194.0M	2.9M	51.0M
Total Liabilities	5.3B	2.9B	2.0B	1.1B	990.0M	1.2B	1.1B	971.0M	606.0M	735.0M	1.1B	1.2B	1.4B	1.1B	604.0M
Paid In Capital	203.0M	203.0M	203.0M	203.0M	203.0M	203.0M	203.0M	203.0M	203.0M	203.0M	152.0M	152.0M	152.0M	152.0M	152.0M
Capital Reserve	420.0M	427.0M	430.0M	419.0M	418.0M	418.0M	418.0M	418.0M	429.0M	429.0M	177.0M	177.0M	177.0M	180.0M	179.0M
Surplus Reserve	144.0M	144.0M	144.0M	144.0M	144.0M	144.0M	144.0M	119.0M	102.0M	84.2M	79.7M	76.8M	67.3M	55.0M	44.0M
Retained Earnings	3.1B	3.1B	3.1B	2.3B	1.2B	987.0M	800.0M	740.0M	693.0M	561.0M	521.0M	481.0M	391.0M	284.0M	178.0M
Minority Equity	428.0M	495.0M	512.0M	473.0M	231.0M	187.0M	90.8M	97.0M	80.8M	58.4M	50.1M	43.4M	36.8M	36.3M	19.3M
Equity Attributable	3.9B	3.9B	3.9B	3.1B	2.1B	1.8B	1.6B	1.6B	1.5B	1.4B	990.0M	935.0M	825.0M	711.0M	586.0M
Total Equity	4.3B	4.4B	4.5B	3.6B	2.3B	2.0B	1.7B	1.7B	1.6B	1.4B	1.0B	978.0M	862.0M	747.0M	605.0M

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
Cash From Sales	5.0B	5.8B	8.5B	5.1B	3.6B	3.3B	4.3B	3.9B	3.6B	4.0B	5.8B	5.8B	4.4B	2.5B	3.3B
Tax Refunds Received	288.0M	469.0M	169.0M	180.0M	113.0M	82.9M	65.0M	46.4M	22.1M	41.0M	42.7M	21.8M	3.7M	21.8M	6.8M
Total Operating Cash Inflow	5.4B	6.4B	8.8B	5.3B	3.7B	3.4B	4.3B	4.0B	3.7B	4.0B	5.9B	5.8B	4.4B	2.5B	3.3B
Cash Paid For Goods	5.2B	6.2B	7.1B	3.5B	2.5B	3.0B	3.5B	3.5B	3.2B	3.2B	5.2B	5.1B	4.2B	2.2B	3.1B
Cash Paid To Employees	349.0M	355.0M	324.0M	305.0M	198.0M	189.0M	161.0M	141.0M	122.0M	106.0M	107.0M	95.3M	69.4M	54.9M	46.4M
Taxes Paid	96.8M	88.9M	354.0M	440.0M	115.0M	189.0M	173.0M	170.0M	140.0M	103.0M	142.0M	128.0M	56.2M	71.9M	56.2M
Total Operating Cash Outflow	5.8B	6.8B	7.9B	4.4B	2.9B	3.5B	3.9B	3.9B	3.5B	3.5B	5.5B	5.4B	4.3B	2.3B	3.3B
Operating Cash Flow	-448.0M	-432.0M	848.0M	960.0M	793.0M	-119.0M	422.0M	81.1M	148.0M	462.0M	418.0M	439.0M	72.6M	196.0M	22.3M
Total Investing Cash Inflow	13.7M	59.0M	202.0M	389.0M	769.0M	1.3B	5.8B	3.1B	832,600	2.5M	290,400	109,900	15.2M	6.2M	3.9M
Total Investing Cash Outflow	1.7B	834.0M	846.0M	760.0M	682.0M	1.5B	6.1B	3.3B	59.4M	221.0M	172.0M	244.0M	391.0M	527.0M	180.0M
Investing Cash Flow	-1.7B	-775.0M	-644.0M	-371.0M	86.7M	-189.0M	-295.0M	-217.0M	-58.6M	-218.0M	-171.0M	-244.0M	-376.0M	-521.0M	-176.0M
Cash From Borrowings	2.4B	997.0M	278.0M	105.0M	575.0M	939.0M	799.0M	564.0M	255.0M	1.1B	968.0M	1.3B	1.4B	1.2B	512.0M
Dividends And Interest Paid	78.2M	98.0M	89.3M	124.0M	34.8M	150.0M	161.0M	142.0M	37.5M	41.3M	65.0M	77.2M	76.4M	37.7M	22.9M
Debt Repayments	621.0M	305.0M	178.0M	282.0M	1.2B	536.0M	746.0M	235.0M	365.0M	1.5B	1.1B	1.4B	1.2B	741.0M	378.0M
Total Financing Cash Inflow	2.4B	1.1B	332.0M	144.0M	649.0M	1.0B	799.0M	564.0M	265.0M	1.4B	970.0M	1.3B	1.5B	1.2B	955.0M
Total Financing Cash Outflow	701.0M	414.0M	269.0M	407.0M	1.2B	686.0M	907.0M	377.0M	403.0M	1.6B	1.2B	1.5B	1.2B	845.0M	719.0M
Financing Cash Flow	1.7B	676.0M	62.5M	-263.0M	-538.0M	328.0M	-108.0M	187.0M	-138.0M	-192.0M	-247.0M	-213.0M	229.0M	379.0M	236.0M
Net Change In Cash	-436.0M	-542.0M	314.0M	316.0M	333.0M	21.3M	21.3M	48.6M	-48.7M	52.2M	-1.1M	-18.8M	-74.7M	54.1M	81.8M
Ending Cash Balance	160.0M	595.0M	1.1B	823.0M	508.0M	175.0M	154.0M	132.0M	83.8M	133.0M	80.3M	81.5M	100.0M	175.0M	121.0M
Capex	556.0M	817.0M	720.0M	424.0M	187.0M	83.5M	55.1M	21.3M	58.3M	221.0M	172.0M	244.0M	383.0M	513.0M	175.0M