天合光能 - Financials

天合光能 — 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
+Revenue	80.3B	113.4B	85.1B	44.5B	29.4B
Revenue Growth %	-29.2%	33.3%	91.2%	51.2%	--
Total Revenue	80.3B	113.4B	85.1B	44.5B	29.4B
Cost Of Revenue	72.6B	96.4B	73.6B	38.2B	24.7B
+Gross Profit	7.7B	17.0B	11.4B	6.3B	4.7B
Gross Margin %	9.6%	15.0%	13.4%	14.1%	16.0%
Total Operating Cost	85.9B	108.0B	81.7B	42.8B	28.4B
Selling Expenses	2.7B	2.3B	2.4B	1.4B	1.0B
Admin Expenses	3.9B	3.2B	2.2B	1.5B	1.1B
Rd Expenses	1.8B	1.5B	1.2B	925.0M	363.0M
Finance Expenses	1.4B	380.0M	272.0M	289.0M	538.0M
+Operating Income	-3.7B	7.0B	4.1B	2.3B	1.4B
Operating Margin %	-4.7%	6.1%	4.8%	5.1%	4.9%
Non Operating Income	161.0M	66.5M	34.9M	36.4M	30.6M
Non Operating Expenses	74.3M	488.0M	128.0M	23.7M	57.1M
Investment Income	866.0M	1.3B	610.0M	528.0M	386.0M
Fair Value Change Income	17.7M	13.5M	-3.2M	-55.1M	15.0M
Asset Disposal Income	78.7M	10.0M	-173.0M	-85.8M	-77.4M
Asset Impairment Loss	2.6B	3.3B	1.4B	279.0M	329.0M
Other Income	918.0M	285.0M	309.0M	222.0M	82.6M
Income Before Tax	-3.7B	6.5B	4.0B	2.3B	1.4B
Income Tax	-286.0M	535.0M	330.0M	424.0M	174.0M
+Net Income	-3.4B	6.0B	3.7B	1.9B	1.2B
Net Margin %	-4.2%	5.3%	4.3%	4.2%	4.2%
Net Income Attributable	-3.4B	5.5B	3.7B	1.8B	1.2B
Minority Interest	69.9M	466.0M	-27.3M	45.8M	3.9M
Eps Basic	-1.59	2.55	1.72	0.87	0.64
Eps Diluted	-1.59	2.42	1.71	0.87	0.64

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020
Cash And Equivalents	22.5B	24.4B	19.1B	10.7B	9.4B
Trading Financial Assets	28.9M	28.0M	89.4M	430.0M	915.0M
Accounts Receivable	15.7B	18.1B	13.2B	8.2B	4.2B
Notes Receivable	1.1B	1.8B	2.3B	2.3B	--
Notes And Accounts Receivable	16.8B	19.8B	15.5B	10.5B	4.2B
Prepayments	1.9B	1.8B	1.5B	2.1B	1.0B
Inventory	22.3B	23.4B	18.7B	12.8B	7.1B
Total Current Assets	72.3B	76.5B	61.1B	41.9B	28.3B
Long Term Equity Investment	3.4B	4.4B	3.6B	2.0B	444.0M
Fixed Assets	--	23.2B	12.3B	13.4B	10.0B
Fixed Assets Total	31.5B	23.2B	12.3B	13.4B	10.0B
Construction In Progress	--	4.0B	4.0B	1.2B	2.3B
Construction In Progress Total	3.1B	4.0B	4.0B	1.2B	2.3B
Intangible Assets	3.1B	3.0B	2.6B	894.0M	649.0M
Long Term Deferred Expenses	185.0M	137.0M	49.5M	42.0M	66.5M
Total Non Current Assets	51.7B	43.9B	28.9B	21.7B	17.3B
Total Assets	123.9B	120.3B	90.0B	63.5B	45.6B
Short Term Borrowings	6.4B	6.5B	9.7B	6.6B	5.1B
Accounts Payable	27.8B	25.1B	12.0B	7.3B	5.4B
Advance Receipts	--	--	--	--	--
Contract Liabilities	2.2B	3.0B	5.0B	2.0B	1.1B
Total Current Liabilities	55.5B	61.0B	55.0B	35.0B	24.2B
Long Term Borrowings	23.6B	11.3B	3.6B	3.0B	4.1B
Total Non Current Liabilities	36.2B	22.8B	6.2B	10.3B	5.6B
Total Liabilities	91.7B	83.8B	61.2B	45.4B	29.9B
Paid In Capital	2.2B	2.2B	2.2B	2.1B	2.1B
Capital Reserve	17.9B	17.9B	17.2B	11.5B	11.2B
Surplus Reserve	410.0M	410.0M	266.0M	168.0M	90.3M
Retained Earnings	6.0B	10.8B	6.5B	3.4B	2.0B
Minority Equity	5.9B	5.0B	2.5B	1.1B	620.0M
Equity Attributable	26.4B	31.5B	26.3B	17.1B	15.1B
Total Equity	32.2B	36.5B	28.8B	18.2B	15.7B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020
Cash From Sales	82.9B	102.2B	73.1B	42.1B	27.7B
Tax Refunds Received	3.4B	4.2B	4.4B	2.4B	1.3B
Total Operating Cash Inflow	92.8B	112.5B	86.6B	49.6B	31.4B
Cash Paid For Goods	59.5B	70.9B	58.8B	39.7B	19.8B
Cash Paid To Employees	7.6B	4.6B	3.3B	2.5B	2.0B
Taxes Paid	6.9B	4.1B	1.9B	1.3B	556.0M
Total Operating Cash Outflow	84.8B	88.5B	77.4B	48.5B	28.4B
Operating Cash Flow	8.0B	24.0B	9.2B	1.1B	3.0B
Total Investing Cash Inflow	19.6B	7.6B	2.2B	3.2B	5.4B
Total Investing Cash Outflow	31.6B	26.3B	11.2B	10.1B	9.4B
Investing Cash Flow	-11.9B	-18.7B	-9.0B	-6.9B	-4.0B
Cash From Borrowings	34.6B	20.2B	19.3B	19.9B	12.2B
Dividends And Interest Paid	2.9B	1.6B	940.0M	871.0M	576.0M
Debt Repayments	27.9B	30.4B	13.9B	11.1B	11.9B
Total Financing Cash Inflow	36.2B	33.6B	22.5B	21.6B	14.8B
Total Financing Cash Outflow	32.3B	34.8B	16.4B	12.9B	13.2B
Financing Cash Flow	3.9B	-1.3B	6.2B	8.7B	1.7B
Net Change In Cash	106.0M	4.9B	7.1B	2.4B	337.0M
Ending Cash Balance	18.6B	18.5B	13.6B	6.5B	4.2B
Capex	13.3B	19.0B	8.1B	6.5B	4.7B