ZHEJIANG SANMEI CHEMICAL INDUST

ZHEJIANG SANMEI CHEMICAL INDUST — 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
+Revenue	4.0B	3.3B	4.8B	4.0B	2.7B	3.9B	4.5B	3.9B	2.7B	2.3B	2.1B	1.9B
Revenue Growth %	21.2%	-30.1%	17.9%	48.8%	-30.9%	-11.7%	14.2%	44.4%	18.4%	6.8%	12.0%	--
Total Revenue	4.0B	3.3B	4.8B	4.0B	2.7B	3.9B	4.5B	3.9B	2.7B	2.3B	2.1B	1.9B
Cost Of Revenue	2.8B	2.9B	4.0B	3.1B	2.3B	2.8B	2.7B	2.3B	1.7B	1.7B	1.7B	1.5B
+Gross Profit	1.2B	447.0M	767.0M	938.0M	411.0M	1.2B	1.8B	1.6B	953.0M	585.0M	456.0M	434.0M
Gross Margin %	29.8%	13.4%	16.1%	23.2%	15.1%	29.8%	39.6%	41.8%	35.3%	25.6%	21.3%	22.8%
Total Operating Cost	3.1B	3.0B	4.2B	3.4B	2.5B	3.2B	3.1B	2.7B	2.2B	2.1B	2.0B	1.8B
Selling Expenses	53.1M	55.7M	64.7M	61.5M	49.2M	240.0M	237.0M	209.0M	153.0M	130.0M	131.0M	125.0M
Admin Expenses	178.0M	163.0M	166.0M	127.0M	112.0M	129.0M	107.0M	93.1M	174.0M	82.7M	82.2M	99.1M
Rd Expenses	80.9M	53.1M	38.3M	26.8M	25.3M	23.1M	24.0M	22.2M	12.4M	3.7M	--	--
Finance Expenses	-94.3M	-124.0M	-161.0M	2.9M	2.9M	-35.0M	-19.1M	57.2M	21.0M	52.8M	90.0M	85.5M
+Operating Income	970.0M	299.0M	647.0M	713.0M	285.0M	822.0M	1.4B	1.2B	515.0M	270.0M	189.0M	76.8M
Operating Margin %	24.0%	9.0%	13.6%	17.6%	10.5%	20.9%	31.5%	31.7%	19.1%	11.8%	8.8%	4.0%
Non Operating Income	2.8M	85.7M	3.6M	34.0M	22.2M	11.9M	29.5M	9.2M	14.1M	10.8M	12.5M	15.9M
Non Operating Expenses	7.1M	9.0M	7.8M	43.5M	12.3M	6.1M	7.5M	2.7M	4.3M	6.2M	7.9M	7.1M
Investment Income	-5.5M	-12.9M	-1.6M	-1.0M	28.2M	34.6M	22.4M	17.6M	8.7M	40.4M	81.5M	-28.5M
Fair Value Change Income	3.8M	1.7M	14.0M	58.5M	26.6M	9.8M	344,800	22,700	-7.1M	23.8M	113,300	7.9M
Asset Disposal Income	4.4M	1.9M	26,000	396,000	398,600	-327,200	-2.5M	-1.7M	159,300	-3.6M	--	--
Asset Impairment Loss	26.4M	-204,200	37.8M	31.2M	5.6M	11.0M	9.3M	3.9M	60.7M	91.3M	21.2M	-1.7M
Other Income	22.7M	11.5M	17.6M	9.9M	24.4M	29.4M	11.7M	4.7M	--	--	--	--
Income Before Tax	965.0M	375.0M	643.0M	703.0M	295.0M	828.0M	1.4B	1.2B	525.0M	275.0M	194.0M	85.5M
Income Tax	191.0M	95.8M	158.0M	167.0M	73.1M	183.0M	316.0M	286.0M	160.0M	64.8M	47.4M	23.5M
+Net Income	775.0M	280.0M	486.0M	536.0M	222.0M	645.0M	1.1B	955.0M	365.0M	210.0M	147.0M	62.0M
Net Margin %	19.2%	8.4%	10.2%	13.2%	8.2%	16.4%	24.9%	24.5%	13.5%	9.2%	6.9%	3.3%
Net Income Attributable	779.0M	280.0M	486.0M	536.0M	222.0M	646.0M	1.1B	954.0M	364.0M	210.0M	147.0M	63.7M
Minority Interest	-3.7M	--	--	--	-272,700	-609,900	650,100	1.2M	425,300	438,500	-272,500	-1.7M
Eps Basic	1.28	0.46	0.80	0.88	0.36	1.10	2.94	2.54	0.97	0.56	0.82	0.36
Eps Diluted	1.27	0.46	0.80	0.88	0.36	1.10	2.94	2.54	0.97	0.56	0.82	0.36

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
Cash And Equivalents	2.7B	3.2B	3.5B	1.6B	2.5B	1.8B	849.0M	695.0M	466.0M	519.0M	631.0M	447.0M
Trading Financial Assets	262.0M	20.3M	129.0M	1.8B	972.0M	1.4B	--	--	36.3M	126.0M	153.0M	122.0M
Accounts Receivable	303.0M	279.0M	370.0M	637.0M	225.0M	349.0M	381.0M	382.0M	287.0M	--	219.0M	196.0M
Notes Receivable	--	--	--	--	--	--	231.0M	285.0M	165.0M	--	103.0M	112.0M
Notes And Accounts Receivable	303.0M	279.0M	370.0M	637.0M	225.0M	349.0M	612.0M	667.0M	452.0M	362.0M	323.0M	309.0M
Prepayments	10.9M	13.2M	15.5M	10.2M	9.8M	10.9M	21.6M	28.5M	20.8M	30.9M	62.1M	26.7M
Inventory	561.0M	543.0M	547.0M	503.0M	283.0M	258.0M	355.0M	255.0M	171.0M	172.0M	181.0M	136.0M
Total Current Assets	4.1B	4.3B	4.7B	4.8B	4.2B	4.2B	2.4B	1.9B	1.3B	1.8B	2.0B	1.5B
Long Term Equity Investment	233.0M	402.0M	189.0M	156.0M	134.0M	136.0M	138.0M	53.1M	90.2M	436.0M	401.0M	467.0M
Fixed Assets	--	1.1B	696.0M	682.0M	662.0M	729.0M	632.0M	--	--	438.0M	487.0M	482.0M
Fixed Assets Total	1.1B	1.1B	696.0M	682.0M	662.0M	729.0M	632.0M	513.0M	534.0M	438.0M	487.0M	482.0M
Construction In Progress	--	221.0M	243.0M	37.6M	83.0M	13.9M	130.0M	23.1M	7.7M	32.7M	3.3M	29.9M
Construction In Progress Total	675.0M	229.0M	259.0M	57.5M	99.2M	33.9M	152.0M	37.6M	17.5M	32.7M	15.9M	54.0M
Intangible Assets	505.0M	340.0M	243.0M	176.0M	124.0M	104.0M	78.0M	79.8M	65.5M	67.2M	63.0M	75.0M
Long Term Deferred Expenses	36.1M	40.8M	29.1M	20.9M	22.4M	27.2M	21.3M	16.7M	19.4M	27.0M	34.4M	33.4M
Total Non Current Assets	3.0B	2.4B	1.7B	1.2B	1.2B	1.2B	1.1B	797.0M	801.0M	1.1B	1.1B	1.2B
Total Assets	7.1B	6.7B	6.4B	6.1B	5.4B	5.4B	3.5B	2.7B	2.1B	2.9B	3.1B	2.7B
Short Term Borrowings	--	--	--	--	--	--	400.0M	470.0M	605.0M	830.0M	1.1B	985.0M
Accounts Payable	223.0M	263.0M	238.0M	132.0M	89.0M	104.0M	139.0M	59.7M	80.9M	--	91.2M	114.0M
Advance Receipts	322,000	252,100	176,000	--	--	45.1M	51.2M	39.1M	23.4M	14.0M	14.0M	19.8M
Contract Liabilities	53.4M	49.8M	47.5M	57.2M	46.9M	--	--	--	--	--	--	--
Total Current Liabilities	498.0M	820.0M	701.0M	739.0M	355.0M	372.0M	1.0B	944.0M	1.2B	1.5B	1.9B	1.5B
Long Term Borrowings	65.3M	--	--	--	--	--	--	--	--	173.0M	80.0M	210.0M
Total Non Current Liabilities	78.8M	16.3M	18.8M	24.2M	28.2M	29.5M	23.5M	26.4M	17.3M	193.0M	89.7M	214.0M
Total Liabilities	576.0M	836.0M	720.0M	763.0M	383.0M	402.0M	1.0B	970.0M	1.2B	1.7B	2.0B	1.7B
Paid In Capital	610.0M	610.0M	610.0M	610.0M	610.0M	436.0M	376.0M	376.0M	179.0M	179.0M	179.0M	179.0M
Capital Reserve	1.6B	1.6B	1.6B	1.6B	1.6B	1.8B	24.1M	24.1M	24.1M	29.7M	29.7M	29.7M
Surplus Reserve	281.0M	281.0M	281.0M	281.0M	281.0M	230.0M	191.0M	94.7M	52.5M	94.2M	94.2M	94.2M
Retained Earnings	4.1B	3.4B	3.3B	2.9B	2.5B	2.5B	1.9B	1.2B	562.0M	798.0M	684.0M	613.0M
Minority Equity	123.0M	--	--	--	--	3.4M	6.6M	4.8M	2.4M	59.4M	56.9M	57.0M
Equity Attributable	6.4B	5.9B	5.7B	5.3B	5.0B	5.0B	2.5B	1.7B	842.0M	1.1B	995.0M	921.0M
Total Equity	6.6B	5.9B	5.7B	5.3B	5.0B	5.0B	2.5B	1.8B	844.0M	1.2B	1.1B	978.0M

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
Cash From Sales	3.4B	2.6B	3.7B	2.7B	2.3B	2.9B	3.4B	2.6B	1.9B	1.5B	1.3B	1.4B
Tax Refunds Received	127.0M	99.0M	129.0M	114.0M	76.5M	99.3M	79.0M	81.1M	34.3M	30.9M	23.0M	23.2M
Total Operating Cash Inflow	3.7B	2.9B	3.9B	2.9B	2.4B	3.1B	3.6B	2.7B	1.9B	1.6B	1.4B	1.5B
Cash Paid For Goods	2.4B	1.9B	2.6B	2.2B	1.5B	1.5B	1.5B	1.1B	839.0M	822.0M	904.0M	1.1B
Cash Paid To Employees	248.0M	223.0M	213.0M	193.0M	179.0M	194.0M	168.0M	147.0M	121.0M	104.0M	102.0M	90.7M
Taxes Paid	224.0M	151.0M	361.0M	118.0M	112.0M	448.0M	438.0M	458.0M	201.0M	115.0M	85.7M	116.0M
Total Operating Cash Outflow	3.0B	2.4B	3.3B	2.6B	1.9B	2.4B	2.3B	2.0B	1.4B	1.2B	1.3B	1.4B
Operating Cash Flow	709.0M	484.0M	629.0M	243.0M	520.0M	660.0M	1.2B	791.0M	576.0M	393.0M	147.0M	15.8M
Total Investing Cash Inflow	845.0M	323.0M	2.8B	5.3B	3.5B	1.8B	596.0M	228.0M	1.1B	3.1B	2.0B	1.5B
Total Investing Cash Outflow	1.8B	1.0B	1.6B	6.2B	3.1B	2.9B	1.1B	365.0M	773.0M	3.2B	1.9B	1.5B
Investing Cash Flow	-1.0B	-715.0M	1.2B	-910.0M	446.0M	-1.1B	-483.0M	-137.0M	326.0M	-46.7M	93.2M	-71.8M
Cash From Borrowings	65.3M	--	--	--	--	50.0M	400.0M	501.0M	996.0M	2.2B	1.6B	1.6B
Dividends And Interest Paid	141.0M	146.0M	104.0M	67.4M	196.0M	62.6M	400.0M	163.0M	464.0M	197.0M	222.0M	145.0M
Debt Repayments	--	--	--	--	--	450.0M	470.0M	767.0M	1.2B	2.5B	1.5B	1.4B
Total Financing Cash Inflow	65.3M	--	82.4M	--	--	1.9B	401.0M	502.0M	1.2B	3.1B	2.6B	2.4B
Total Financing Cash Outflow	262.0M	147.0M	105.0M	233.0M	201.0M	547.0M	882.0M	975.0M	2.1B	3.4B	2.7B	2.3B
Financing Cash Flow	-197.0M	-147.0M	-22.2M	-233.0M	-201.0M	1.4B	-481.0M	-472.0M	-826.0M	-267.0M	-140.0M	10.2M
Net Change In Cash	-473.0M	-361.0M	1.9B	-916.0M	735.0M	907.0M	265.0M	163.0M	92.3M	93.5M	102.0M	-52.8M
Ending Cash Balance	2.6B	3.1B	3.5B	1.6B	2.5B	1.8B	842.0M	577.0M	414.0M	322.0M	228.0M	127.0M
Capex	737.0M	649.0M	429.0M	143.0M	98.6M	155.0M	173.0M	88.9M	119.0M	93.0M	59.5M	146.0M