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天有为 — 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 4.5B 3.4B 2.0B 1.2B 934.0M
Revenue Growth % 29.9% 74.3% 68.8% 25.1% --
Total Revenue 4.5B 3.4B 2.0B 1.2B 934.0M
Cost Of Revenue 2.9B 2.2B 1.4B 908.0M 768.0M
+Gross Profit 1.6B 1.2B 613.0M 260.0M 166.0M
Gross Margin % 35.5% 36.2% 31.1% 22.3% 17.8%
Total Operating Cost 3.2B 2.5B 1.6B 1.1B 925.0M
Selling Expenses 115.0M 139.0M 49.4M 35.0M 37.9M
Admin Expenses 44.7M 37.7M 25.6M 16.4M 13.6M
Rd Expenses 164.0M 111.0M 84.6M 74.4M 63.6M
Finance Expenses -22.7M -6.3M 7.0M 25.1M 22.2M
+Operating Income 1.3B 992.0M 446.0M 129.0M 30.3M
Operating Margin % 29.7% 28.9% 22.6% 11.0% 3.2%
Non Operating Income 450,800 167,000 829,700 392,700 34,900
Non Operating Expenses 222,300 516,700 2.8M 875,700 1.1M
Investment Income 2.2M 4.4M 5.9M 5.7M 529,700
Fair Value Change Income -- -- 74,800 50,500 -600.00
Asset Disposal Income 151,400 18,500 -18,300 -157,400 -168,000
Asset Impairment Loss 2.2M 3.3M 7.4M -4.9M 9.5M
Other Income 91.9M 69.3M 40.4M 17.3M 20.8M
Income Before Tax 1.3B 992.0M 444.0M 128.0M 29.3M
Income Tax 188.0M 149.0M 47.8M 12.1M -7.5M
+Net Income 1.1B 843.0M 397.0M 116.0M 36.8M
Net Margin % 25.4% 24.5% 20.1% 9.9% 3.9%
Net Income Attributable 1.1B 842.0M 397.0M 116.0M 36.8M
Minority Interest -342,200 469,300 -76,300 203,700 -400.00
Eps Basic 9.47 7.02 3.33 -- --
Eps Diluted 9.47 7.02 3.33 -- --
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash And Equivalents 1.3B 736.0M 197.0M 165.0M 48.1M
Trading Financial Assets -- -- -- 518,400 12,700
Accounts Receivable 1.2B 892.0M 572.0M 234.0M 242.0M
Notes Receivable 31.1M 67.0M 81.6M 94.9M 76.5M
Notes And Accounts Receivable 1.3B 959.0M 654.0M 329.0M 318.0M
Prepayments 9.3M 38.2M 42.8M 6.7M 14.8M
Inventory 830.0M 701.0M 614.0M 365.0M 359.0M
Total Current Assets 3.7B 2.8B 1.6B 1.0B 932.0M
Long Term Equity Investment 12.9M 6.8M 7.3M -- --
Fixed Assets -- 420.0M 369.0M 299.0M 298.0M
Fixed Assets Total 508.0M 420.0M 369.0M 299.0M 298.0M
Construction In Progress -- 29.6M 33.1M 3.1M 6.0M
Construction In Progress Total 216.0M 29.6M 33.1M 3.1M 6.0M
Intangible Assets 258.0M 127.0M 127.0M 128.0M 110.0M
Long Term Deferred Expenses 72.9M 51.6M 44.2M 33.6M 23.1M
Total Non Current Assets 1.4B 766.0M 692.0M 577.0M 579.0M
Total Assets 5.1B 3.6B 2.3B 1.6B 1.5B
Short Term Borrowings -- 60.0M 250.0M 229.0M 111.0M
Accounts Payable 926.0M 618.0M 540.0M 246.0M 305.0M
Advance Receipts 377,600 409,600 336,400 237,000 --
Contract Liabilities 5.2M 9.1M 15.5M 45.8M 3.0M
Total Current Liabilities 1.7B 1.4B 1.1B 832.0M 743.0M
Long Term Borrowings 159.0M 307.0M 217.0M 249.0M 353.0M
Total Non Current Liabilities 515.0M 474.0M 384.0M 403.0M 482.0M
Total Liabilities 2.2B 1.9B 1.4B 1.2B 1.2B
Paid In Capital 120.0M 120.0M 120.0M 16.2M 16.2M
Capital Reserve 448.0M 443.0M 374.0M 18.7M 21.4M
Surplus Reserve 124.0M 124.0M 40.2M 8.1M 8.1M
Retained Earnings 2.2B 1.1B 354.0M 345.0M 224.0M
Minority Equity -285,500 301,700 126,400 202,700 -1,000
Equity Attributable 2.9B 1.7B 878.0M 374.0M 285.0M
Total Equity 2.9B 1.7B 878.0M 374.0M 285.0M
Line ItemFY 2024Dec 31, 2024FY 2023Dec 31, 2023FY 2022Dec 31, 2022FY 2021Dec 31, 2021FY 2020Dec 31, 2020
Cash From Sales 4.1B 3.1B 1.9B 1.3B 757.0M
Tax Refunds Received 226.0M 189.0M 93.7M 13.8M 13.5M
Total Operating Cash Inflow 4.4B 3.3B 2.1B 1.4B 828.0M
Cash Paid For Goods 2.5B 2.2B 1.6B 1.0B 731.0M
Cash Paid To Employees 379.0M 282.0M 198.0M 137.0M 130.0M
Taxes Paid 355.0M 204.0M 62.9M 16.4M 15.9M
Total Operating Cash Outflow 3.3B 2.8B 2.0B 1.2B 929.0M
Operating Cash Flow 1.1B 545.0M 101.0M 148.0M -101.0M
Total Investing Cash Inflow 4.4M 4.8M 8.7M 7.9M 1.6M
Total Investing Cash Outflow 1.1B 69.4M 149.0M 62.4M 161.0M
Investing Cash Flow -1.1B -64.6M -140.0M -54.5M -159.0M
Cash From Borrowings -- 294.0M 529.0M 271.0M 371.0M
Dividends And Interest Paid 11.5M 59.3M 24.8M 77.4M 23.2M
Debt Repayments 204.0M 290.0M 612.0M 185.0M 148.0M
Total Financing Cash Inflow -- 294.0M 641.0M 316.0M 474.0M
Total Financing Cash Outflow 222.0M 365.0M 675.0M 283.0M 219.0M
Financing Cash Flow -222.0M -71.0M -33.6M 32.9M 255.0M
Net Change In Cash -290.0M 416.0M -63.0M 125.0M -5.7M
Ending Cash Balance 193.0M 483.0M 67.0M 130.0M 4.7M
Capex 286.0M 69.4M 142.0M 62.4M 161.0M
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