HANGZHOU FIRST APPLIED MATERIAL

HANGZHOU FIRST APPLIED MATERIAL — 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	FY 2009Dec 31, 2009
+Revenue	19.1B	22.6B	18.9B	12.9B	8.4B	6.4B	4.8B	4.6B	4.0B	3.3B	2.4B	2.0B	2.2B	2.5B	1.7B	424.0M
Revenue Growth %	-15.2%	19.7%	46.8%	53.2%	31.6%	32.6%	4.9%	16.0%	18.6%	39.7%	21.9%	-10.8%	-10.8%	44.4%	301.7%	--
Total Revenue	19.1B	22.6B	18.9B	12.9B	8.4B	6.4B	4.8B	4.6B	4.0B	3.3B	2.4B	2.0B	2.2B	2.5B	1.7B	424.0M
Cost Of Revenue	16.3B	19.3B	15.9B	9.6B	6.0B	5.1B	3.9B	3.6B	2.8B	2.2B	1.7B	1.2B	1.2B	1.6B	939.0M	241.0M
+Gross Profit	2.8B	3.3B	2.9B	3.2B	2.4B	1.3B	946.0M	959.0M	1.2B	1.1B	694.0M	754.0M	972.0M	905.0M	764.0M	183.0M
Gross Margin %	14.7%	14.6%	15.6%	25.1%	28.4%	20.4%	19.7%	20.9%	30.3%	32.9%	29.1%	38.5%	44.3%	36.8%	44.9%	43.2%
Total Operating Cost	17.7B	20.8B	17.3B	10.4B	6.7B	5.4B	4.3B	4.0B	3.0B	2.7B	1.9B	1.3B	1.6B	1.7B	1.1B	285.0M
Selling Expenses	94.3M	75.1M	59.5M	53.1M	121.0M	113.0M	87.0M	78.2M	64.0M	55.8M	44.5M	37.0M	34.5M	31.7M	28.9M	14.5M
Admin Expenses	286.0M	279.0M	235.0M	154.0M	144.0M	97.5M	84.3M	79.3M	209.0M	194.0M	133.0M	112.0M	127.0M	130.0M	83.2M	24.2M
Rd Expenses	657.0M	792.0M	645.0M	454.0M	309.0M	203.0M	179.0M	153.0M	--	--	--	--	--	--	--	--
Finance Expenses	-22.7M	26.1M	-82.0M	-47.5M	-19.4M	-277,500	-5.5M	14.2M	10.6M	30.1M	-140,400	-4.7M	1.1M	-2.5M	1.9M	1.7M
+Operating Income	1.5B	2.0B	1.7B	2.5B	1.8B	1.1B	858.0M	677.0M	969.0M	744.0M	482.0M	698.0M	571.0M	715.0M	637.0M	139.0M
Operating Margin %	7.9%	9.1%	9.0%	19.2%	21.3%	17.2%	17.8%	14.8%	24.5%	22.3%	20.2%	35.7%	26.0%	29.1%	37.4%	32.8%
Non Operating Income	5.0M	5.4M	6.3M	602,000	227,900	1.8M	209,600	327,100	16.3M	22.4M	24.5M	7.3M	20.2M	10.3M	6.8M	1.9M
Non Operating Expenses	42.1M	2.8M	3.3M	2.4M	8.0M	3.8M	2.8M	2.1M	2.0M	12.1M	3.0M	7.3M	5.1M	818,900	1.1M	44,500
Investment Income	-7.6M	80.8M	86.8M	18.6M	39.6M	26.9M	61.7M	47.8M	47.9M	75.8M	21.4M	8.6M	--	250,100	--	--
Fair Value Change Income	--	-211,400	-4.9M	2.5M	-2.3M	-303,100	-263,500	1.0M	--	--	--	--	--	-217,600	217,600	13,800
Asset Disposal Income	49,600	-5.0M	-7.2M	280,100	-895,200	66.6M	-47,500	-6.6M	-761,100	--	--	--	--	--	--	--
Asset Impairment Loss	69.0M	91.2M	158.0M	11.6M	2.0M	4.6M	103.0M	-16.1M	-32.9M	130.0M	45.9M	-92.9M	223.0M	14.8M	7.9M	2.8M
Other Income	118.0M	137.0M	56.9M	32.9M	21.7M	30.2M	319.0M	11.0M	--	--	--	--	--	--	--	--
Income Before Tax	1.5B	2.0B	1.7B	2.5B	1.8B	1.1B	856.0M	675.0M	984.0M	754.0M	503.0M	698.0M	586.0M	725.0M	643.0M	140.0M
Income Tax	190.0M	200.0M	123.0M	271.0M	217.0M	137.0M	106.0M	89.9M	136.0M	106.0M	71.0M	103.0M	83.5M	114.0M	90.9M	16.8M
+Net Income	1.3B	1.8B	1.6B	2.2B	1.6B	955.0M	750.0M	585.0M	848.0M	647.0M	432.0M	596.0M	502.0M	611.0M	552.0M	124.0M
Net Margin %	6.7%	8.2%	8.4%	17.1%	18.6%	15.0%	15.6%	12.8%	21.5%	19.4%	18.1%	30.5%	22.9%	24.8%	32.4%	29.2%
Net Income Attributable	1.3B	1.9B	1.6B	2.2B	1.6B	957.0M	751.0M	585.0M	848.0M	647.0M	432.0M	596.0M	502.0M	611.0M	552.0M	124.0M
Minority Interest	-18.4M	-1.3M	637,600	1.2M	266,500	-2.0M	-1.2M	7,400	19,500	-1,900	--	--	--	--	--	--
Eps Basic	0.50	0.71	0.85	1.68	1.74	1.31	1.44	1.12	2.11	1.61	1.21	1.74	1.47	1.79	1.61	0.36
Eps Diluted	0.50	0.71	0.85	1.68	1.74	1.30	1.44	1.12	2.11	1.61	1.21	1.74	1.47	1.79	1.61	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	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009
Cash And Equivalents	5.0B	5.3B	6.3B	2.7B	1.7B	1.9B	494.0M	339.0M	324.0M	670.0M	150.0M	540.0M	573.0M	304.0M	184.0M	29.5M
Trading Financial Assets	2.6B	--	2.8M	102.0M	501.0M	677.0M	1.1M	1.0M	--	--	--	--	--	--	--	--
Accounts Receivable	4.0B	4.8B	3.8B	3.3B	2.4B	1.6B	1.1B	953.0M	947.0M	820.0M	633.0M	508.0M	491.0M	490.0M	225.0M	84.0M
Notes Receivable	14.5M	31.5M	516.0M	322.0M	221.0M	136.0M	1.5B	1.5B	1.1B	793.0M	637.0M	565.0M	412.0M	249.0M	36.0M	15.8M
Notes And Accounts Receivable	4.0B	4.8B	4.3B	3.6B	2.6B	1.8B	2.7B	2.4B	2.0B	1.6B	1.3B	1.1B	903.0M	740.0M	261.0M	99.8M
Prepayments	318.0M	207.0M	245.0M	273.0M	129.0M	60.5M	35.6M	39.9M	95.3M	19.9M	21.5M	46.6M	21.3M	11.5M	80.0M	21.7M
Inventory	1.9B	3.1B	3.5B	2.5B	974.0M	909.0M	780.0M	479.0M	478.0M	438.0M	482.0M	211.0M	187.0M	155.0M	185.0M	59.3M
Total Current Assets	15.9B	17.3B	16.5B	10.8B	9.3B	6.7B	5.0B	4.5B	4.5B	4.1B	3.7B	1.9B	1.7B	1.2B	717.0M	211.0M
Long Term Equity Investment	185.0M	--	1.2M	--	--	--	13.9M	12.5M	10.8M	10.0M	10.0M	--	--	--	--	--
Fixed Assets	--	3.2B	2.5B	2.0B	1.6B	1.1B	1.1B	807.0M	695.0M	398.0M	367.0M	219.0M	149.0M	119.0M	108.0M	62.6M
Fixed Assets Total	3.9B	3.2B	2.5B	2.0B	1.6B	1.1B	1.1B	808.0M	695.0M	398.0M	367.0M	219.0M	149.0M	119.0M	108.0M	62.6M
Construction In Progress	--	520.0M	454.0M	421.0M	166.0M	207.0M	57.1M	119.0M	75.3M	125.0M	28.5M	125.0M	129.0M	48.6M	11.1M	15.8M
Construction In Progress Total	499.0M	520.0M	454.0M	421.0M	166.0M	207.0M	57.1M	119.0M	75.3M	125.0M	28.5M	125.0M	129.0M	48.6M	11.1M	15.8M
Intangible Assets	458.0M	469.0M	463.0M	364.0M	272.0M	217.0M	199.0M	193.0M	138.0M	97.8M	95.9M	97.7M	94.4M	98.0M	75.9M	50.7M
Long Term Deferred Expenses	3.0M	4.7M	2.6M	3.4M	1.9M	346,200	204,800	214,400	1.7M	1.5M	1.3M	1.6M	321,000	--	--	--
Total Non Current Assets	5.3B	4.5B	3.7B	2.9B	2.2B	1.6B	1.4B	1.2B	978.0M	701.0M	551.0M	472.0M	416.0M	271.0M	199.0M	130.0M
Total Assets	21.2B	21.8B	20.2B	13.7B	11.5B	8.3B	6.5B	5.7B	5.5B	4.8B	4.3B	2.3B	2.1B	1.5B	916.0M	341.0M
Short Term Borrowings	66.5M	951.0M	1.3B	--	--	19.9M	15.4M	--	--	--	9.1M	180.0M	41.2M	--	--	66.5M
Accounts Payable	925.0M	1.6B	1.6B	991.0M	720.0M	702.0M	637.0M	554.0M	453.0M	399.0M	348.0M	154.0M	172.0M	103.0M	39.7M	51.1M
Advance Receipts	--	--	--	--	--	16.5M	30.9M	19.2M	26.3M	22.7M	27.2M	10.6M	21.1M	22.9M	42.6M	19.0M
Contract Liabilities	51.4M	30.7M	64.8M	54.8M	30.0M	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	1.5B	3.3B	3.6B	1.5B	1.1B	862.0M	885.0M	660.0M	638.0M	547.0M	437.0M	435.0M	296.0M	192.0M	183.0M	160.0M
Long Term Borrowings	299.0M	70.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Non Current Liabilities	3.1B	2.8B	2.6B	37.7M	1.4B	914.0M	15.1M	14.4M	16.7M	19.1M	21.2M	11.5M	5.4M	--	--	--
Total Liabilities	4.6B	6.0B	6.2B	1.5B	2.5B	1.8B	900.0M	675.0M	655.0M	566.0M	458.0M	446.0M	301.0M	192.0M	183.0M	160.0M
Paid In Capital	2.6B	1.9B	1.3B	951.0M	770.0M	523.0M	523.0M	402.0M	402.0M	402.0M	402.0M	342.0M	342.0M	342.0M	90.0M	90.0M
Capital Reserve	2.2B	2.9B	3.4B	3.8B	2.3B	1.4B	1.4B	1.5B	1.5B	1.5B	1.5B	265,200	265,200	265,200	34.5M	34.5M
Surplus Reserve	874.0M	756.0M	612.0M	432.0M	267.0M	267.0M	207.0M	207.0M	207.0M	207.0M	207.0M	150.0M	113.0M	61.3M	12.3M	27,300
Retained Earnings	10.3B	9.6B	8.1B	7.0B	5.3B	4.1B	3.4B	2.9B	2.7B	2.1B	1.7B	1.4B	1.3B	895.0M	596.0M	56.7M
Minority Equity	205.0M	208.0M	29.5M	13.9M	4.4M	4.3M	1.8M	2.0M	1.4M	-1,900	--	--	--	--	--	--
Equity Attributable	16.4B	15.6B	14.0B	12.2B	9.0B	6.5B	5.6B	5.0B	4.8B	4.3B	3.8B	1.9B	1.8B	1.3B	733.0M	181.0M
Total Equity	16.6B	15.8B	14.0B	12.2B	9.0B	6.5B	5.6B	5.0B	4.8B	4.3B	3.8B	1.9B	1.8B	1.3B	733.0M	181.0M

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	FY 2009Dec 31, 2009
Cash From Sales	19.4B	18.1B	15.9B	9.5B	5.8B	4.9B	4.0B	4.2B	3.5B	2.8B	2.1B	1.9B	2.0B	2.2B	1.8B	432.0M
Tax Refunds Received	83.9M	283.0M	477.0M	56.4M	53.9M	55.1M	25.3M	3.3M	6.3M	10.9M	4.3M	1.1M	--	5.0M	--	298,300
Total Operating Cash Inflow	19.7B	18.7B	16.6B	9.6B	5.9B	5.2B	4.2B	4.2B	3.6B	2.8B	2.2B	1.9B	2.0B	2.2B	1.8B	434.0M
Cash Paid For Goods	13.8B	17.6B	15.0B	8.9B	5.0B	4.1B	3.6B	3.5B	2.8B	2.0B	1.7B	1.3B	1.3B	1.5B	1.3B	325.0M
Cash Paid To Employees	804.0M	655.0M	565.0M	422.0M	262.0M	208.0M	172.0M	149.0M	124.0M	118.0M	72.4M	57.2M	47.5M	36.3M	19.6M	9.7M
Taxes Paid	593.0M	298.0M	732.0M	347.0M	241.0M	290.0M	144.0M	238.0M	274.0M	206.0M	227.0M	166.0M	265.0M	265.0M	165.0M	29.6M
Total Operating Cash Outflow	15.4B	18.7B	16.5B	9.8B	5.6B	4.7B	4.1B	4.0B	3.3B	2.4B	2.1B	1.5B	1.7B	1.9B	1.6B	391.0M
Operating Cash Flow	4.4B	-26.1M	26.0M	-148.0M	272.0M	435.0M	170.0M	243.0M	295.0M	416.0M	99.9M	407.0M	318.0M	273.0M	268.0M	42.7M
Total Investing Cash Inflow	4.0B	1.7B	1.7B	4.8B	4.1B	4.0B	7.3B	10.1B	12.0B	4.8B	21.4M	21.8M	6.1M	38,900	26,200	6.3M
Total Investing Cash Outflow	7.5B	2.1B	2.0B	3.3B	6.0B	4.1B	7.1B	9.9B	12.5B	5.0B	1.2B	104.0M	97.3M	71.6M	77.7M	85.9M
Investing Cash Flow	-3.4B	-457.0M	-307.0M	1.5B	-1.8B	-19.6M	151.0M	241.0M	-517.0M	-199.0M	-1.2B	-82.7M	-91.2M	-71.5M	-77.7M	-79.6M
Cash From Borrowings	890.0M	2.7B	4.4B	--	1.5B	906.0M	15.4M	--	--	--	38.8M	175.0M	311.0M	500,000	83.0M	106.0M
Dividends And Interest Paid	525.0M	255.0M	348.0M	334.0M	287.0M	235.0M	242.0M	402.0M	281.0M	181.0M	103.0M	497.0M	2.4M	46.8M	1.3M	1.8M
Debt Repayments	1.6B	3.0B	550.0M	13.0M	158.0M	15.4M	--	--	--	9.1M	209.0M	--	311.0M	34.8M	117.0M	37.5M
Total Financing Cash Inflow	908.0M	2.9B	4.9B	13.5M	1.8B	1.1B	15.4M	500,000	45.1M	--	1.7B	190.0M	380.0M	24.5M	83.0M	106.0M
Total Financing Cash Outflow	2.1B	3.4B	907.0M	360.0M	454.0M	253.0M	242.0M	446.0M	281.0M	191.0M	324.0M	651.0M	333.0M	81.5M	140.0M	54.1M
Financing Cash Flow	-1.2B	-461.0M	4.0B	-346.0M	1.4B	864.0M	-226.0M	-445.0M	-236.0M	-191.0M	1.4B	-461.0M	47.2M	-57.1M	-57.2M	51.4M
Net Change In Cash	-306.0M	-931.0M	3.7B	992.0M	-200.0M	1.3B	110.0M	32.9M	-456.0M	6.7M	285.0M	-137.0M	270.0M	143.0M	132.0M	14.5M
Ending Cash Balance	5.0B	5.3B	6.2B	2.5B	1.5B	1.7B	414.0M	305.0M	272.0M	728.0M	721.0M	437.0M	573.0M	304.0M	160.0M	28.0M
Capex	643.0M	743.0M	577.0M	536.0M	356.0M	165.0M	196.0M	205.0M	283.0M	114.0M	65.0M	104.0M	97.3M	71.6M	77.7M	78.7M