CHANGZHOU FUSION NEW MATERIAL C

CHANGZHOU FUSION NEW MATERIAL C — 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
+Revenue	12.5B	10.3B	6.5B	5.1B	2.5B	894.0M	218.0M
Revenue Growth %	21.4%	58.2%	27.9%	103.1%	180.0%	310.1%	--
Total Revenue	12.5B	10.3B	6.5B	5.1B	2.5B	894.0M	218.0M
Cost Of Revenue	11.4B	9.3B	5.8B	4.6B	2.2B	729.0M	182.0M
+Gross Profit	1.1B	1.0B	751.0M	533.0M	345.0M	165.0M	36.0M
Gross Margin %	8.7%	9.8%	11.5%	10.5%	13.8%	18.5%	16.5%
Total Operating Cost	12.1B	9.8B	6.1B	4.8B	2.4B	817.0M	219.0M
Selling Expenses	48.5M	40.0M	24.8M	20.1M	18.9M	11.3M	12.8M
Admin Expenses	85.7M	86.8M	63.0M	55.9M	53.9M	8.8M	4.7M
Rd Expenses	310.0M	294.0M	214.0M	161.0M	93.4M	38.9M	16.3M
Finance Expenses	40.8M	38.6M	31.9M	-338,700	6.4M	18.3M	457,200
+Operating Income	483.0M	498.0M	428.0M	266.0M	139.0M	78.4M	3.9M
Operating Margin %	3.9%	4.8%	6.6%	5.2%	5.6%	8.8%	1.8%
Non Operating Income	2.0M	586,100	525,700	617,900	355,400	118,300	0.00
Non Operating Expenses	4.0M	518,400	292,800	177,000	66,800	2,100	4,700
Investment Income	-21.7M	41.3M	23.1M	-19.6M	-327,500	41,200	280,100
Fair Value Change Income	-25.9M	-12.7M	--	-1.6M	-9.6M	--	--
Asset Disposal Income	-297,000	-225,800	--	-85,800	10,800	--	--
Asset Impairment Loss	52.8M	47.7M	3.0M	1.1M	587,500	863,600	1.8M
Other Income	96.8M	28.6M	14.3M	23.3M	6.9M	1.7M	4.6M
Income Before Tax	481.0M	498.0M	428.0M	267.0M	139.0M	78.5M	3.9M
Income Tax	71.0M	57.0M	36.6M	20.1M	15.2M	7.8M	-1.1M
+Net Income	410.0M	441.0M	391.0M	247.0M	124.0M	70.7M	5.0M
Net Margin %	3.3%	4.3%	6.0%	4.9%	5.0%	7.9%	2.3%
Net Income Attributable	418.0M	442.0M	391.0M	247.0M	124.0M	70.8M	5.0M
Minority Interest	-7.7M	-977,700	--	--	--	-31,000	--
Eps Basic	1.77	1.83	3.15	2.94	1.70	1.26	0.10
Eps Diluted	1.76	1.82	3.15	2.94	1.70	1.26	0.10

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
Cash And Equivalents	622.0M	749.0M	773.0M	107.0M	30.0M	5.0M	1.9M
Trading Financial Assets	1.1B	1.4B	2.0B	--	11.0M	1.4M	--
Accounts Receivable	2.0B	1.8B	1.1B	774.0M	383.0M	174.0M	30.1M
Notes Receivable	1.4B	989.0M	712.0M	950.0M	308.0M	174.0M	58.5M
Notes And Accounts Receivable	3.4B	2.8B	1.8B	1.7B	691.0M	348.0M	88.7M
Prepayments	163.0M	40.3M	95.3M	141.0M	1.1M	450,000	491,800
Inventory	929.0M	1.3B	605.0M	533.0M	286.0M	84.8M	31.5M
Total Current Assets	6.8B	6.8B	5.5B	2.7B	1.4B	467.0M	126.0M
Long Term Equity Investment	566.0M	229.0M	--	--	--	--	--
Fixed Assets	--	160.0M	122.0M	20.8M	17.6M	7.4M	6.6M
Fixed Assets Total	183.0M	160.0M	122.0M	20.8M	17.6M	7.4M	6.6M
Construction In Progress	--	43.3M	2.1M	42.6M	921,500	--	--
Construction In Progress Total	123.0M	43.3M	2.1M	42.6M	921,500	--	--
Intangible Assets	109.0M	115.0M	127.0M	69.0M	45.2M	19,600	22,600
Long Term Deferred Expenses	7.8M	16.8M	2.4M	3.3M	7.0M	283,700	47,900
Total Non Current Assets	1.2B	702.0M	291.0M	152.0M	81.8M	10.0M	8.0M
Total Assets	8.0B	7.5B	5.8B	2.9B	1.5B	477.0M	134.0M
Short Term Borrowings	2.6B	1.9B	766.0M	1.3B	346.0M	162.0M	40.5M
Accounts Payable	49.5M	80.0M	125.0M	227.0M	84.6M	50.5M	1.9M
Advance Receipts	--	--	--	--	--	11.9M	1.4M
Contract Liabilities	23.2M	5.1M	4.9M	1.9M	713,000	--	--
Total Current Liabilities	3.3B	2.6B	1.2B	1.6B	494.0M	275.0M	55.5M
Total Non Current Liabilities	36.7M	23.4M	18.5M	11.3M	1.4M	735,700	502,200
Total Liabilities	3.3B	2.6B	1.3B	1.6B	495.0M	276.0M	56.0M
Paid In Capital	242.0M	166.0M	112.0M	83.9M	83.9M	66.7M	50.0M
Capital Reserve	3.5B	3.5B	3.6B	705.0M	705.0M	37.9M	2.7M
Surplus Reserve	121.0M	86.6M	86.6M	47.8M	22.5M	9.6M	2.6M
Retained Earnings	1.3B	1.1B	752.0M	399.0M	178.0M	86.7M	23.0M
Minority Equity	-2.1M	--	--	--	--	--	--
Equity Attributable	4.6B	4.9B	4.5B	1.2B	989.0M	201.0M	78.3M
Total Equity	4.6B	4.9B	4.5B	1.2B	989.0M	201.0M	78.3M

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
Cash From Sales	9.0B	7.7B	5.7B	4.5B	2.0B	700.0M	183.0M
Tax Refunds Received	57.7M	90.0M	38.3M	29.8M	936,200	176,500	444,400
Total Operating Cash Inflow	9.1B	7.8B	5.7B	4.6B	2.0B	705.0M	189.0M
Cash Paid For Goods	9.3B	9.8B	6.6B	5.3B	2.6B	830.0M	200.0M
Cash Paid To Employees	231.0M	199.0M	127.0M	110.0M	57.8M	25.9M	25.3M
Taxes Paid	113.0M	118.0M	111.0M	66.1M	51.2M	28.9M	2.5M
Total Operating Cash Outflow	10.0B	10.5B	7.0B	5.6B	2.8B	912.0M	243.0M
Operating Cash Flow	-895.0M	-2.7B	-1.2B	-1.1B	-815.0M	-207.0M	-54.3M
Total Investing Cash Inflow	4.4B	6.0B	1.2B	632.0M	465.0M	113.0M	88.2M
Total Investing Cash Outflow	4.7B	5.9B	3.3B	728.0M	544.0M	118.0M	80.1M
Investing Cash Flow	-296.0M	133.0M	-2.1B	-96.1M	-78.6M	-4.5M	8.0M
Cash From Borrowings	9.1B	2.9B	1.5B	2.6B	626.0M	91.0M	47.7M
Dividends And Interest Paid	185.0M	61.5M	3.9M	5.5M	27.1M	5.5M	231,900
Debt Repayments	8.4B	3.0B	1.9B	2.5B	551.0M	40.5M	7.2M
Total Financing Cash Inflow	10.2B	5.4B	6.0B	3.7B	1.6B	337.0M	48.9M
Total Financing Cash Outflow	9.1B	3.1B	2.0B	2.5B	667.0M	122.0M	7.5M
Financing Cash Flow	1.1B	2.4B	4.0B	1.2B	901.0M	215.0M	41.5M
Net Change In Cash	-158.0M	-172.0M	645.0M	60.3M	9.3M	-306,100	-5.1M
Ending Cash Balance	386.0M	544.0M	716.0M	71.3M	11.0M	1.6M	1.9M
Capex	223.0M	101.0M	159.0M	87.5M	68.7M	3.1M	244,000