RED AVENUE NEW MATERIALS GROUP

RED AVENUE NEW MATERIALS GROUP — 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
+Revenue	3.3B	2.9B	2.5B	2.3B	2.0B	2.2B	2.2B	1.9B	1.7B	1.6B	1.8B
Revenue Growth %	11.1%	17.8%	7.8%	13.4%	-7.3%	1.5%	14.4%	9.7%	11.1%	-12.8%	--
Total Revenue	3.3B	2.9B	2.5B	2.3B	2.0B	2.2B	2.2B	1.9B	1.7B	1.6B	1.8B
Cost Of Revenue	2.5B	2.2B	1.9B	1.7B	1.4B	1.4B	1.4B	1.2B	1.1B	1.0B	1.4B
+Gross Profit	812.0M	697.0M	600.0M	575.0M	638.0M	766.0M	788.0M	677.0M	612.0M	526.0M	436.0M
Gross Margin %	24.8%	23.7%	24.0%	24.8%	31.2%	34.7%	36.2%	35.6%	35.3%	33.7%	24.4%
Total Operating Cost	3.2B	2.8B	2.4B	2.2B	1.8B	1.9B	1.7B	1.5B	1.4B	1.4B	1.6B
Selling Expenses	112.0M	92.4M	72.7M	69.3M	45.6M	97.8M	92.7M	94.2M	92.1M	94.3M	93.1M
Admin Expenses	184.0M	174.0M	170.0M	159.0M	130.0M	133.0M	116.0M	83.2M	146.0M	256.0M	147.0M
Rd Expenses	217.0M	180.0M	158.0M	147.0M	82.7M	90.0M	93.5M	69.6M	--	--	--
Finance Expenses	68.1M	57.5M	59.5M	76.7M	54.3M	2.7M	-9.4M	29.4M	3.5M	21.7M	17.2M
+Operating Income	466.0M	427.0M	302.0M	334.0M	469.0M	364.0M	494.0M	391.0M	358.0M	128.0M	173.0M
Operating Margin %	14.3%	14.5%	12.1%	14.4%	22.9%	16.5%	22.7%	20.6%	20.7%	8.2%	9.7%
Non Operating Income	97.6M	1.1M	3.9M	1.4M	1.5M	14.7M	6.1M	2.0M	3.9M	1.6M	2.2M
Non Operating Expenses	13.2M	1.6M	306,300	316,600	3.4M	808,400	2.7M	5.4M	33.0M	15.3M	5.8M
Investment Income	316.0M	225.0M	166.0M	198.0M	171.0M	24.0M	7,994	--	45,000	-10.8M	5,414
Fair Value Change Income	1.8M	12.1M	14.8M	-9.1M	9.5M	18.5M	-637,100	--	--	206,700	174,500
Asset Disposal Income	-156,200	-6.2M	-13.0M	17.9M	5.7M	-1.2M	-287,000	-46,600	1.6M	1.2M	--
Asset Impairment Loss	104.0M	5.7M	5.6M	--	43.7M	122.0M	-762,600	2.6M	7.1M	12.5M	2.5M
Other Income	36.5M	27.1M	14.6M	28.0M	10.8M	7.9M	8.9M	2.9M	--	--	--
Income Before Tax	550.0M	427.0M	306.0M	335.0M	467.0M	378.0M	497.0M	387.0M	329.0M	114.0M	170.0M
Income Tax	16.0M	22.9M	24.9M	25.1M	40.5M	57.9M	85.3M	64.6M	57.9M	40.6M	23.9M
+Net Income	534.0M	404.0M	281.0M	310.0M	427.0M	320.0M	412.0M	323.0M	271.0M	73.3M	146.0M
Net Margin %	16.3%	13.7%	11.2%	13.4%	20.9%	14.5%	18.9%	17.0%	15.6%	4.7%	8.2%
Net Income Attributable	517.0M	407.0M	298.0M	327.0M	410.0M	331.0M	412.0M	315.0M	263.0M	76.6M	144.0M
Minority Interest	17.4M	-2.5M	-17.3M	-16.9M	16.1M	-10.4M	-690,000	7.8M	8.1M	-3.3M	1.5M
Eps Basic	0.86	0.68	0.50	0.55	0.70	0.56	0.74	0.60	0.52	--	--
Eps Diluted	0.86	0.68	0.49	0.55	0.70	0.56	0.74	--	0.52	--	--

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
Cash And Equivalents	1.2B	744.0M	634.0M	510.0M	621.0M	696.0M	1.2B	530.0M	475.0M	355.0M	155.0M
Trading Financial Assets	--	144.0M	88.9M	298.0M	115.0M	116.0M	--	--	--	--	528,200
Accounts Receivable	782.0M	702.0M	695.0M	554.0M	525.0M	537.0M	538.0M	456.0M	459.0M	394.0M	353.0M
Notes Receivable	109.0M	76.9M	28.4M	19.7M	--	--	293.0M	331.0M	186.0M	146.0M	229.0M
Notes And Accounts Receivable	891.0M	779.0M	723.0M	573.0M	525.0M	537.0M	831.0M	787.0M	645.0M	541.0M	582.0M
Prepayments	35.1M	31.7M	32.5M	28.4M	17.7M	20.0M	33.2M	25.1M	20.1M	13.2M	8.5M
Inventory	486.0M	431.0M	388.0M	215.0M	192.0M	197.0M	153.0M	120.0M	87.2M	93.1M	84.3M
Total Current Assets	3.0B	2.5B	2.3B	2.2B	2.0B	1.9B	2.2B	1.5B	1.2B	1.0B	886.0M
Long Term Equity Investment	2.1B	1.6B	1.4B	1.4B	1.7B	1.3B	34.4M	--	--	--	--
Fixed Assets	--	1.5B	907.0M	653.0M	368.0M	370.0M	387.0M	288.0M	320.0M	315.0M	368.0M
Fixed Assets Total	1.5B	1.5B	907.0M	653.0M	368.0M	370.0M	387.0M	288.0M	320.0M	315.0M	368.0M
Construction In Progress	--	576.0M	1.1B	519.0M	91.5M	142.0M	125.0M	12.8M	1.8M	128,100	430,500
Construction In Progress Total	547.0M	580.0M	1.1B	520.0M	93.0M	144.0M	129.0M	12.8M	1.8M	128,100	430,500
Intangible Assets	430.0M	363.0M	372.0M	321.0M	120.0M	123.0M	205.0M	73.5M	76.4M	77.8M	93.8M
Long Term Deferred Expenses	26.9M	18.8M	17.4M	9.0M	1.9M	4.5M	7.5M	168,900	--	--	2.3M
Total Non Current Assets	5.5B	4.8B	4.5B	3.8B	2.6B	2.2B	962.0M	396.0M	416.0M	410.0M	484.0M
Total Assets	8.4B	7.3B	6.9B	6.0B	4.6B	4.1B	3.2B	1.9B	1.7B	1.4B	1.4B
Short Term Borrowings	789.0M	475.0M	879.0M	1.0B	1.3B	1.1B	339.0M	207.0M	225.0M	233.0M	104.0M
Accounts Payable	442.0M	518.0M	555.0M	469.0M	310.0M	339.0M	299.0M	259.0M	228.0M	253.0M	343.0M
Advance Receipts	169,100	145,700	63,300	205,700	122,400	5.4M	5.4M	2.8M	3.9M	2.1M	4.4M
Contract Liabilities	3.4M	3.4M	4.5M	4.4M	5.4M	--	--	--	--	--	--
Total Current Liabilities	2.8B	1.8B	2.1B	2.1B	1.8B	1.7B	801.0M	657.0M	582.0M	939.0M	738.0M
Long Term Borrowings	1.4B	1.3B	959.0M	369.0M	93.3M	--	--	--	38.0M	68.0M	88.0M
Total Non Current Liabilities	2.2B	2.0B	1.6B	992.0M	135.0M	26.4M	58.5M	21.5M	54.9M	69.3M	90.8M
Total Liabilities	5.0B	3.8B	3.7B	3.1B	2.0B	1.7B	859.0M	678.0M	637.0M	1.0B	829.0M
Paid In Capital	599.0M	600.0M	596.0M	597.0M	586.0M	586.0M	586.0M	527.0M	520.0M	295.0M	50.0M
Capital Reserve	936.0M	990.0M	950.0M	975.0M	692.0M	686.0M	826.0M	209.0M	193.0M	153.0M	181.0M
Surplus Reserve	219.0M	177.0M	110.0M	99.4M	84.5M	62.6M	40.4M	19.8M	2.4M	1.8M	1.8M
Retained Earnings	1.7B	1.7B	1.4B	1.2B	1.1B	905.0M	796.0M	404.0M	267.0M	-58.7M	199.0M
Minority Equity	105.0M	96.9M	101.0M	60.3M	166.0M	166.0M	33.6M	27.0M	19.3M	17.1M	75.3M
Equity Attributable	3.4B	3.4B	3.0B	2.8B	2.4B	2.2B	2.3B	1.2B	1.0B	408.0M	465.0M
Total Equity	3.5B	3.5B	3.1B	2.8B	2.6B	2.4B	2.3B	1.2B	1.0B	425.0M	540.0M

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
Cash From Sales	2.4B	2.2B	1.8B	1.8B	1.6B	1.7B	1.7B	1.4B	1.4B	1.3B	1.3B
Tax Refunds Received	62.2M	69.7M	79.1M	17.0M	3.1M	1.2M	2.3M	1.6M	2.1M	2.6M	5.8M
Total Operating Cash Inflow	2.6B	2.3B	1.9B	1.9B	1.7B	1.8B	1.7B	1.5B	1.5B	1.4B	1.3B
Cash Paid For Goods	1.7B	1.5B	1.3B	1.1B	1.0B	822.0M	819.0M	789.0M	794.0M	815.0M	866.0M
Cash Paid To Employees	349.0M	313.0M	287.0M	201.0M	138.0M	154.0M	145.0M	122.0M	119.0M	112.0M	96.5M
Taxes Paid	51.6M	115.0M	73.6M	83.8M	148.0M	146.0M	172.0M	133.0M	105.0M	75.5M	39.5M
Total Operating Cash Outflow	2.4B	2.1B	1.8B	1.6B	1.5B	1.3B	1.4B	1.2B	1.2B	1.2B	1.2B
Operating Cash Flow	243.0M	184.0M	103.0M	345.0M	207.0M	419.0M	352.0M	229.0M	255.0M	170.0M	118.0M
Total Investing Cash Inflow	141.0M	351.0M	503.0M	1.6B	329.0M	285.0M	452.0M	13.8M	5.1M	59.0M	16.5M
Total Investing Cash Outflow	918.0M	237.0M	1.0B	2.6B	653.0M	1.8B	1.1B	35.0M	58.6M	8.2M	64.0M
Investing Cash Flow	-777.0M	114.0M	-536.0M	-993.0M	-323.0M	-1.5B	-678.0M	-21.1M	-53.6M	50.8M	-47.5M
Cash From Borrowings	2.3B	1.6B	1.7B	2.4B	1.6B	1.3B	399.0M	207.0M	239.0M	254.0M	104.0M
Dividends And Interest Paid	585.0M	124.0M	125.0M	249.0M	257.0M	227.0M	27.4M	172.0M	174.0M	284.0M	105.0M
Debt Repayments	1.1B	1.5B	1.2B	1.6B	1.2B	552.0M	322.0M	255.0M	267.0M	140.0M	116.0M
Total Financing Cash Inflow	2.3B	1.7B	1.7B	2.5B	1.6B	1.5B	1.1B	265.0M	645.0M	912.0M	230.0M
Total Financing Cash Outflow	1.9B	1.7B	1.4B	2.0B	1.5B	779.0M	358.0M	427.0M	718.0M	916.0M	296.0M
Financing Cash Flow	371.0M	-14.1M	303.0M	532.0M	83.6M	725.0M	770.0M	-162.0M	-72.8M	-3.8M	-66.1M
Net Change In Cash	-158.0M	291.0M	-104.0M	-122.0M	-54.7M	-320.0M	465.0M	37.4M	123.0M	212.0M	4.3M
Ending Cash Balance	503.0M	661.0M	371.0M	474.0M	597.0M	651.0M	971.0M	506.0M	469.0M	345.0M	133.0M
Capex	256.0M	170.0M	363.0M	698.0M	113.0M	71.7M	168.0M	18.9M	45.5M	7.2M	21.8M