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弘元绿能 — Financial Statements
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
+Revenue 7.3B 11.9B 21.9B 10.9B 3.0B
Revenue Growth % -38.4% -45.9% 100.7% 262.5% --
Total Revenue 7.3B 11.9B 21.9B 10.9B 3.0B
Cost Of Revenue 7.8B 10.0B 17.2B 8.8B 2.2B
+Gross Profit -535.0M 1.9B 4.7B 2.2B 827.0M
Gross Margin % -7.3% 15.7% 21.4% 19.7% 27.5%
Total Operating Cost 9.8B 11.6B 19.1B 9.3B 2.4B
Selling Expenses 92.9M 100.0M 24.3M 7.3M 6.1M
Admin Expenses 321.0M 538.0M 338.0M 77.8M 62.7M
Rd Expenses 339.0M 611.0M 974.0M 387.0M 128.0M
Finance Expenses 151.0M 46.8M 89.9M 16.1M 23.5M
+Operating Income -3.1B 698.0M 3.4B 1.9B 613.0M
Operating Margin % -43.1% 5.9% 15.6% 17.8% 20.4%
Non Operating Income 446.0M 464,000 900.00 270,000 59,900
Non Operating Expenses 14.8M 4.1M 80.8M 352,900 372,900
Investment Income -1.2M 211.0M -10.6M 46.0M 9.1M
Fair Value Change Income -726.0M 21.2M 412.0M 225.0M --
Asset Disposal Income -1.5M 7,400 -106,000 -11,500 --
Asset Impairment Loss 1.1B 240.0M 354.0M 5.8M 1.9M
Other Income 123.0M 210.0M 166.0M 55.9M 23.9M
Income Before Tax -2.7B 695.0M 3.3B 1.9B 612.0M
Income Tax -21.2M -46.0M 297.0M 236.0M 81.2M
+Net Income -2.7B 741.0M 3.0B 1.7B 531.0M
Net Margin % -36.9% 6.2% 13.8% 15.7% 17.6%
Net Income Attributable -2.7B 741.0M 3.0B 1.7B 531.0M
Eps Basic -4.32 1.27 5.60 4.54 2.31
Eps Diluted -4.32 1.27 5.58 4.52 2.28
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 5.2B 6.2B 4.5B 2.2B 559.0M
Trading Financial Assets 4.4B 1.6B 2.7B 1.6B 2.2M
Accounts Receivable 843.0M 376.0M 81.7M 130.0M 152.0M
Notes Receivable -- -- -- -- --
Notes And Accounts Receivable 843.0M 376.0M 81.7M 130.0M 152.0M
Prepayments 337.0M 616.0M 534.0M 816.0M 142.0M
Inventory 1.4B 2.1B 1.5B 2.4B 708.0M
Total Current Assets 13.2B 11.9B 10.1B 8.5B 2.3B
Long Term Equity Investment 954.0M 1.1B 915.0M 123.0M --
Fixed Assets -- 10.3B 4.7B 4.1B 1.5B
Fixed Assets Total 11.6B 10.3B 4.7B 4.1B 1.5B
Construction In Progress -- 3.5B 2.5B 578.0M 602.0M
Construction In Progress Total 1.7B 3.5B 2.5B 578.0M 602.0M
Intangible Assets 549.0M 544.0M 392.0M 221.0M 130.0M
Long Term Deferred Expenses 64.3M 35.8M 4.7M 3.7M 2.1M
Total Non Current Assets 16.0B 17.5B 11.0B 6.0B 2.6B
Total Assets 29.2B 29.4B 21.0B 14.5B 4.9B
Short Term Borrowings 744.0M 600.0M 2.0M -- 110.0M
Accounts Payable 5.7B 4.8B 1.8B 1.9B 506.0M
Advance Receipts 1.7M -- -- -- --
Contract Liabilities 218.0M 515.0M 601.0M 700.0M 265.0M
Total Current Liabilities 16.5B 16.1B 8.2B 6.7B 1.9B
Long Term Borrowings 599.0M 844.0M 90.0M 190.0M --
Total Non Current Liabilities 849.0M 1.2B 348.0M 340.0M 333.0M
Total Liabilities 17.3B 17.4B 8.5B 7.0B 2.2B
Paid In Capital 679.0M 578.0M 411.0M 275.0M 244.0M
Capital Reserve 9.4B 7.1B 7.0B 4.5B 1.3B
Surplus Reserve 273.0M 273.0M 205.0M 114.0M 84.2M
Retained Earnings 1.6B 4.3B 5.0B 2.6B 1.0B
Equity Attributable 11.9B 12.0B 12.5B 7.4B 2.7B
Total Equity 11.9B 12.0B 12.5B 7.4B 2.7B
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 6.3B 14.0B 13.5B 4.2B 1.0B
Tax Refunds Received 297.0M 17.1M 16.2M 17.9M 10.3M
Total Operating Cash Inflow 12.7B 16.9B 16.1B 4.7B 1.3B
Cash Paid For Goods 6.1B 10.7B 8.8B 1.8B 749.0M
Cash Paid To Employees 1.4B 1.2B 810.0M 418.0M 183.0M
Taxes Paid 98.7M 453.0M 664.0M 277.0M 109.0M
Total Operating Cash Outflow 13.7B 16.4B 13.1B 3.8B 1.3B
Operating Cash Flow -993.0M 491.0M 3.0B 916.0M 82.6M
Total Investing Cash Inflow 20.9B 11.4B 27.9B 15.1B 2.7B
Total Investing Cash Outflow 25.1B 14.2B 30.7B 18.2B 3.2B
Investing Cash Flow -4.2B -2.8B -2.8B -3.2B -480.0M
Cash From Borrowings 4.9B 4.0B 2.0M 300.0M 122.0M
Dividends And Interest Paid 97.4M 1.3B 562.0M 150.0M 61.1M
Debt Repayments 3.3B 104.0M 105.0M 123.0M 189.0M
Total Financing Cash Inflow 7.6B 4.1B 2.5B 3.3B 820.0M
Total Financing Cash Outflow 4.6B 1.5B 690.0M 288.0M 252.0M
Financing Cash Flow 3.1B 2.6B 1.8B 3.0B 568.0M
Net Change In Cash -2.1B 335.0M 2.0B 754.0M 171.0M
Ending Cash Balance 1.3B 3.5B 3.1B 1.1B 386.0M
Capex 1.7B 3.7B 956.0M 849.0M 701.0M
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