*ST正平 - Financials

*ST正平 — 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
+Revenue	1.4B	1.9B	2.2B	5.0B	4.9B	3.7B	2.8B	1.5B	2.1B	2.4B	2.6B	1.9B	1.2B	1.3B
Revenue Growth %	-28.5%	-14.2%	-55.9%	2.9%	31.2%	32.6%	83.7%	-27.6%	-12.2%	-6.3%	36.5%	56.9%	-10.4%	--
Total Revenue	1.4B	1.9B	2.2B	5.0B	4.9B	3.7B	2.8B	1.5B	2.1B	2.4B	2.6B	1.9B	1.2B	1.3B
Cost Of Revenue	1.4B	1.9B	2.0B	4.5B	4.4B	3.3B	2.5B	1.3B	1.9B	2.1B	2.2B	1.6B	1.0B	1.2B
+Gross Profit	-72.0M	32.0M	197.0M	547.0M	481.0M	410.0M	321.0M	209.0M	230.0M	285.0M	327.0M	271.0M	172.0M	165.0M
Gross Margin %	-5.3%	1.7%	8.9%	10.9%	9.8%	11.0%	11.4%	13.7%	10.9%	11.8%	12.7%	14.4%	14.3%	12.3%
Total Operating Cost	1.9B	2.5B	2.5B	4.9B	4.7B	3.6B	2.7B	1.5B	2.0B	2.3B	2.4B	1.8B	1.1B	1.3B
Selling Expenses	2.8M	8.4M	6.4M	8.1M	10.5M	13.4M	12.0M	8.6M	8.5M	2.7M	7.6M	10.3M	8.2M	7.4M
Admin Expenses	110.0M	146.0M	131.0M	136.0M	118.0M	119.0M	116.0M	60.0M	49.5M	46.8M	42.8M	39.7M	32.0M	35.4M
Rd Expenses	2.9M	4.8M	9.3M	4.6M	2.1M	6.5M	645,500	1.1M	--	--	--	--	--	--
Finance Expenses	200.0M	149.0M	129.0M	125.0M	142.0M	128.0M	107.0M	66.2M	57.7M	48.1M	38.3M	33.9M	23.4M	17.5M
+Operating Income	-527.0M	-581.0M	-228.0M	134.0M	163.0M	124.0M	121.0M	56.1M	96.8M	110.0M	148.0M	113.0M	61.8M	62.1M
Operating Margin %	-38.7%	-30.5%	-10.3%	2.7%	3.3%	3.3%	4.3%	3.7%	4.6%	4.6%	5.8%	6.0%	5.2%	4.6%
Non Operating Income	455,400	2.4M	3.1M	723,900	4.2M	1.2M	1.2M	648,400	7.3M	964,800	13,000	21,500	520,000	156,100
Non Operating Expenses	19.7M	7.7M	2.2M	4.0M	6.5M	1.4M	1.7M	1.6M	30,000	33,000	--	60,700	400,400	659,800
Investment Income	34.8M	8.5M	972,300	10.8M	1.7M	3.8M	-7.4M	658,400	4.6M	8.7M	-559,800	184,400	168,000	-261,400
Asset Disposal Income	-2,700	-5.4M	228,800	--	--	--	15.5M	--	--	--	--	--	--	--
Asset Impairment Loss	88.4M	157.0M	91.6M	42.2M	7.2M	--	-34.6M	10.4M	6.6M	10.0M	7.9M	14.4M	8.1M	471,100
Other Income	4.2M	4.5M	5.9M	5.6M	6.4M	4.6M	3.6M	1.3M	--	--	--	--	--	--
Income Before Tax	-547.0M	-586.0M	-227.0M	130.0M	161.0M	124.0M	120.0M	55.1M	104.0M	111.0M	148.0M	113.0M	61.9M	61.6M
Income Tax	-29.9M	-33.8M	-14.0M	33.8M	32.5M	27.5M	25.8M	10.2M	13.3M	22.3M	30.7M	30.8M	7.7M	7.5M
+Net Income	-517.0M	-553.0M	-213.0M	96.5M	128.0M	96.1M	94.5M	44.9M	90.7M	88.4M	117.0M	82.0M	54.3M	54.1M
Net Margin %	-38.0%	-29.0%	-9.6%	1.9%	2.6%	2.6%	3.4%	2.9%	4.3%	3.7%	4.6%	4.4%	4.5%	4.0%
Net Income Attributable	-484.0M	-532.0M	-214.0M	93.4M	108.0M	71.4M	69.8M	43.9M	90.7M	88.4M	117.0M	82.0M	54.8M	54.0M
Minority Interest	-32.8M	-20.9M	153,400	3.1M	20.7M	24.7M	24.7M	1.0M	--	--	--	--	-516,500	19,500
Eps Basic	-0.69	-0.76	-0.31	0.15	0.19	0.13	0.12	0.11	0.27	0.29	0.39	0.27	0.30	0.31
Eps Diluted	-0.69	-0.76	-0.31	0.15	0.19	0.13	0.12	0.11	0.27	0.29	0.39	0.27	0.30	0.31

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
Cash And Equivalents	197.0M	403.0M	673.0M	920.0M	863.0M	629.0M	443.0M	286.0M	1.2B	429.0M	556.0M	575.0M	460.0M	348.0M
Accounts Receivable	1.0B	1.4B	1.3B	1.7B	570.0M	1.1B	1.1B	744.0M	713.0M	592.0M	459.0M	416.0M	276.0M	217.0M
Notes Receivable	--	2.9M	200,000	52,000	1.1M	606,700	--	1.0M	--	100,000	--	2.5M	1.0M	--
Notes And Accounts Receivable	1.0B	1.4B	1.3B	1.7B	571.0M	1.1B	1.1B	745.0M	713.0M	592.0M	459.0M	419.0M	277.0M	217.0M
Prepayments	48.7M	44.8M	90.6M	97.2M	144.0M	87.1M	80.6M	126.0M	26.2M	21.9M	20.6M	28.5M	25.1M	49.4M
Inventory	27.0M	34.1M	75.1M	64.2M	75.6M	2.7B	2.1B	1.5B	1.0B	618.0M	521.0M	363.0M	342.0M	348.0M
Total Current Assets	3.8B	4.7B	5.5B	6.5B	5.3B	5.0B	4.1B	3.1B	3.2B	2.2B	1.8B	1.6B	1.2B	1.1B
Long Term Equity Investment	419.0M	387.0M	408.0M	404.0M	381.0M	149.0M	89.7M	86.7M	86.7M	86.7M	87.1M	87.6M	87.4M	6.6M
Fixed Assets	--	585.0M	656.0M	711.0M	720.0M	602.0M	510.0M	351.0M	138.0M	150.0M	165.0M	151.0M	129.0M	132.0M
Fixed Assets Total	537.0M	587.0M	657.0M	711.0M	720.0M	602.0M	510.0M	351.0M	138.0M	150.0M	165.0M	151.0M	129.0M	132.0M
Construction In Progress	--	272.0M	137.0M	106.0M	67.7M	31.6M	82.0M	42.1M	10.2M	--	--	--	11.0M	9.9M
Construction In Progress Total	304.0M	272.0M	137.0M	106.0M	67.7M	31.6M	82.0M	42.1M	10.2M	--	--	--	11.0M	9.9M
Intangible Assets	1.3B	1.3B	317.0M	328.0M	271.0M	183.0M	155.0M	28.6M	15.6M	15.6M	15.9M	15.3M	5.5M	5.0M
Long Term Deferred Expenses	11.3M	14.4M	18.7M	29.5M	40.3M	45.2M	31.7M	12.8M	15.5M	11.4M	20.9M	19.9M	7.8M	3.4M
Total Non Current Assets	3.5B	3.6B	3.4B	3.2B	2.2B	1.6B	1.4B	1.0B	443.0M	450.0M	757.0M	561.0M	259.0M	163.0M
Total Assets	7.3B	8.2B	8.9B	9.7B	7.5B	6.6B	5.5B	4.1B	3.6B	2.6B	2.5B	2.1B	1.5B	1.2B
Short Term Borrowings	1.2B	1.0B	1.1B	855.0M	543.0M	804.0M	861.0M	793.0M	656.0M	580.0M	470.0M	422.0M	223.0M	108.0M
Accounts Payable	2.3B	2.5B	2.6B	3.2B	2.1B	1.8B	1.6B	1.1B	1.3B	897.0M	807.0M	666.0M	497.0M	397.0M
Advance Receipts	13.2M	18.2M	28.4M	32.8M	41.4M	637.0M	318.0M	138.0M	177.0M	219.0M	465.0M	395.0M	199.0M	198.0M
Contract Liabilities	347.0M	377.0M	441.0M	550.0M	536.0M	--	--	--	--	--	--	--	--	--
Total Current Liabilities	5.6B	6.0B	6.1B	6.7B	5.0B	4.5B	3.6B	2.5B	2.3B	1.9B	1.9B	1.6B	1.0B	756.0M
Long Term Borrowings	971.0M	837.0M	807.0M	722.0M	609.0M	493.0M	349.0M	288.0M	77.0M	18.5M	23.4M	7.0M	34.0M	86.0M
Total Non Current Liabilities	1.0B	884.0M	857.0M	772.0M	675.0M	523.0M	414.0M	290.0M	78.4M	19.5M	24.6M	7.4M	34.0M	86.1M
Total Liabilities	6.6B	6.9B	7.0B	7.5B	5.6B	5.0B	4.0B	2.8B	2.4B	1.9B	1.9B	1.6B	1.1B	842.0M
Paid In Capital	700.0M	700.0M	700.0M	700.0M	560.0M	560.0M	400.0M	400.0M	400.0M	300.0M	183.0M	183.0M	183.0M	183.0M
Capital Reserve	398.0M	398.0M	399.0M	400.0M	343.0M	229.0M	397.0M	430.0M	370.0M	19.8M	109.0M	109.0M	109.0M	109.0M
Surplus Reserve	78.1M	78.1M	78.1M	78.1M	63.3M	46.8M	35.1M	31.8M	31.5M	28.9M	21.5M	13.6M	2.3M	1.7M
Retained Earnings	-669.0M	-185.0M	347.0M	577.0M	513.0M	483.0M	435.0M	376.0M	380.0M	306.0M	271.0M	174.0M	104.0M	49.3M
Minority Equity	288.0M	321.0M	331.0M	329.0M	303.0M	198.0M	189.0M	45.0M	--	--	--	--	--	36.0M
Equity Attributable	375.0M	973.0M	1.6B	1.9B	1.6B	1.4B	1.3B	1.3B	1.2B	698.0M	625.0M	516.0M	425.0M	360.0M
Total Equity	663.0M	1.3B	1.9B	2.2B	1.9B	1.6B	1.5B	1.3B	1.2B	698.0M	625.0M	516.0M	425.0M	396.0M

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
Cash From Sales	1.5B	2.0B	2.5B	2.7B	5.2B	3.7B	2.3B	1.2B	1.7B	1.7B	2.3B	1.7B	1.1B	1.1B
Tax Refunds Received	859,000	1.0M	5.6M	--	--	--	27,900	23,000	--	--	--	--	--	--
Total Operating Cash Inflow	1.6B	2.2B	2.7B	3.2B	5.7B	4.0B	2.7B	2.0B	2.5B	2.0B	2.4B	2.1B	1.3B	1.4B
Cash Paid For Goods	1.6B	1.8B	1.9B	2.2B	4.3B	3.0B	2.0B	1.5B	1.5B	1.7B	1.8B	1.3B	794.0M	1.1B
Cash Paid To Employees	109.0M	153.0M	250.0M	239.0M	228.0M	241.0M	197.0M	118.0M	96.8M	109.0M	107.0M	75.4M	51.7M	45.2M
Taxes Paid	48.5M	75.3M	94.7M	142.0M	157.0M	104.0M	117.0M	71.9M	75.7M	52.1M	48.4M	43.6M	20.5M	13.0M
Total Operating Cash Outflow	2.0B	2.5B	2.4B	3.1B	5.4B	3.6B	2.7B	2.5B	2.4B	2.3B	2.3B	1.9B	1.1B	1.4B
Operating Cash Flow	-440.0M	-297.0M	280.0M	125.0M	286.0M	423.0M	52.2M	-465.0M	120.0M	-240.0M	154.0M	172.0M	192.0M	8.2M
Total Investing Cash Inflow	3.8M	153.0M	153.0M	159.0M	50.0M	4.6M	19.3M	273.0M	155.0M	177.0M	1,036	3,050	1.2M	85,700
Total Investing Cash Outflow	47.0M	392.0M	765.0M	987.0M	567.0M	201.0M	107.0M	902.0M	105.0M	107.0M	175.0M	168.0M	146.0M	27.0M
Investing Cash Flow	-43.1M	-239.0M	-612.0M	-828.0M	-517.0M	-197.0M	-87.3M	-629.0M	49.6M	70.3M	-175.0M	-168.0M	-145.0M	-26.9M
Cash From Borrowings	926.0M	1.5B	1.3B	1.3B	908.0M	1.4B	1.5B	1.8B	1.0B	720.0M	751.0M	678.0M	312.0M	264.0M
Dividends And Interest Paid	111.0M	200.0M	168.0M	172.0M	160.0M	130.0M	113.0M	71.7M	63.6M	61.3M	47.0M	29.1M	19.5M	14.2M
Debt Repayments	789.0M	1.4B	1.1B	901.0M	1.3B	1.2B	1.2B	1.4B	902.0M	595.0M	705.0M	544.0M	244.0M	244.0M
Total Financing Cash Inflow	2.5B	5.2B	3.3B	3.1B	2.0B	1.6B	1.6B	2.0B	1.5B	720.0M	751.0M	678.0M	324.0M	422.0M
Total Financing Cash Outflow	2.1B	4.9B	3.3B	2.4B	1.7B	1.6B	1.5B	1.8B	974.0M	662.0M	755.0M	579.0M	268.0M	262.0M
Financing Cash Flow	444.0M	327.0M	-11.9M	687.0M	313.0M	-21.3M	136.0M	231.0M	529.0M	57.9M	-4.0M	99.4M	56.3M	160.0M
Net Change In Cash	-38.7M	-208.0M	-343.0M	-15.9M	81.9M	205.0M	100.0M	-863.0M	699.0M	-111.0M	-25.6M	103.0M	103.0M	142.0M
Ending Cash Balance	53.8M	92.6M	301.0M	644.0M	660.0M	576.0M	371.0M	270.0M	1.1B	413.0M	524.0M	550.0M	446.0M	344.0M
Capex	37.3M	140.0M	258.0M	85.5M	46.9M	102.0M	94.2M	220.0M	37.6M	15.1M	34.5M	35.0M	22.6M	23.2M