研華 - Financials

研華 — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024	Q2 2024Jun 30, 2024	Q1 2024Mar 31, 2024	Q4 2023Dec 31, 2023	Q3 2023Sep 30, 2023
+Revenue	17.9B	17.8B	17.8B	17.4B	16.3B	14.9B	14.6B	13.9B	15.1B	15.0B
Revenue Growth %	0.8%	-0.3%	2.8%	6.4%	9.1%	2.1%	5.5%	-8.3%	0.9%	--
Cost Of Revenue	10.8B	10.9B	10.7B	10.3B	9.6B	8.8B	8.7B	8.3B	8.9B	9.0B
+Gross Profit	7.1B	6.9B	7.1B	7.0B	6.7B	6.2B	5.9B	5.5B	6.2B	6.0B
Gross Margin %	39.8%	38.9%	40.0%	40.5%	41.2%	41.3%	40.5%	40.0%	41.1%	40.1%
Operating Expenses	4.3B	4.2B	4.0B	4.1B	4.2B	3.7B	3.8B	3.6B	3.5B	3.5B
+Operating Income	2.8B	2.7B	3.1B	2.9B	2.5B	2.5B	2.2B	1.9B	2.7B	2.5B
Operating Margin %	15.7%	15.2%	17.5%	16.9%	15.4%	16.4%	14.8%	13.8%	17.8%	16.7%
Non Operating Income	869.5M	567.9M	-630.4M	315.6M	688.6M	290.5M	466.6M	479.1M	38.2M	582.3M
Pretax Income	3.7B	3.3B	2.5B	3.2B	3.2B	2.7B	2.6B	2.4B	2.7B	3.1B
Income Tax	587.1M	530.6M	522.9M	548.6M	642.1M	492.9M	523.4M	427.8M	458.0M	530.7M
Income Continuing Operations	3.1B	2.7B	2.0B	2.7B	2.6B	2.2B	2.1B	2.0B	2.3B	2.6B
+Net Income	3.1B	2.7B	2.0B	2.7B	2.6B	2.2B	2.1B	2.0B	2.3B	2.6B
Net Margin %	17.3%	15.4%	11.0%	15.5%	15.7%	15.0%	14.4%	14.2%	15.0%	17.0%
Net Income Parent	3.1B	2.8B	2.0B	2.7B	2.6B	2.3B	2.1B	2.0B	2.3B	2.6B
Other Comprehensive Income	205.2M	593.1M	-1.7B	456.5M	71.0M	245.7M	317.1M	63.9M	-190.5M	825.1M
Comprehensive Income	3.3B	3.3B	309.7M	3.1B	2.6B	2.5B	2.4B	2.0B	2.1B	3.4B
Eps Basic	3.58	3.20	2.30	3.17	3.06	2.61	2.46	2.32	2.33	3.01

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024	Q2 2024Jun 30, 2024	Q1 2024Mar 31, 2024	Q4 2023Dec 31, 2023	Q3 2023Sep 30, 2023
Cash And Equivalents	11.3B	11.1B	13.2B	15.3B	13.6B	12.4B	13.9B	12.8B	11.0B	11.8B
Accounts Receivable	8.9B	9.4B	9.0B	9.1B	8.6B	7.8B	7.8B	7.5B	8.0B	8.4B
Inventories	11.8B	11.0B	10.9B	10.8B	10.6B	9.9B	9.2B	9.6B	9.8B	10.8B
Other Current Assets	852.6M	921.4M	940.5M	818.9M	986.3M	788.1M	809.9M	793.6M	798.4M	785.2M
Current Assets	42.5B	37.8B	43.3B	43.9B	42.2B	38.1B	44.7B	43.1B	41.4B	39.7B
Equity Method Investments	5.1B	5.0B	5.0B	5.0B	5.0B	4.9B	4.8B	4.6B	4.7B	4.6B
Property Plant Equipment	14.5B	13.7B	13.0B	12.9B	12.2B	11.6B	11.3B	11.3B	11.3B	11.4B
Right Of Use Asset	2.0B	1.9B	2.0B	2.2B	2.1B	2.0B	2.1B	2.2B	2.0B	2.1B
Intangible Assets	2.7B	2.6B	2.6B	2.8B	2.8B	2.6B	2.6B	2.8B	2.8B	2.8B
Deferred Tax Assets	1.0B	1.2B	1.3B	867.2M	983.0M	703.8M	709.5M	760.4M	830.8M	641.2M
Other Non Current Assets	133.1M	246.2M	197.8M	409.5M	409.8M	456.8M	162.2M	166.8M	174.1M	286.3M
Non Current Assets	33.2B	32.2B	30.9B	30.5B	29.5B	28.3B	27.7B	28.0B	27.7B	27.2B
Total Assets	75.7B	70.1B	74.3B	74.4B	71.7B	66.4B	72.4B	71.0B	69.1B	67.0B
Accounts Payable	7.7B	7.1B	7.4B	7.4B	6.9B	6.5B	6.6B	6.2B	6.1B	6.4B
Other Payables	5.0B	4.1B	11.2B	10.7B	4.6B	4.0B	11.9B	11.6B	4.4B	4.4B
Current Tax Liabilities	1.5B	991.2M	1.4B	1.9B	1.7B	1.3B	1.9B	3.6B	3.4B	2.9B
Other Current Liabilities	445.1M	568.0M	525.2M	504.9M	429.1M	379.7M	346.9M	345.8M	455.7M	393.7M
Current Liabilities	16.5B	14.5B	22.1B	22.3B	15.6B	13.8B	22.3B	23.5B	16.0B	16.0B
Long Term Borrowings	150.3M	154.4M	149.3M	185.3M	156.4M	37.0M	0.00	0.00	0.00	0.00
Other Non Current Liabilities	552.2M	562.5M	625.0M	692.9M	594.0M	487.9M	461.1M	452.7M	452.9M	611.9M
Non Current Liabilities	4.2B	4.1B	4.2B	4.6B	4.4B	4.0B	4.0B	4.3B	4.2B	4.5B
Total Liabilities	20.7B	18.6B	26.4B	26.9B	19.9B	17.8B	26.4B	27.8B	20.2B	20.5B
Capital Stock	8.7B	8.7B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B
Ordinary Shares	8.7B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B	8.6B
Capital Surplus	12.1B	11.8B	11.6B	11.4B	11.2B	10.9B	10.8B	10.3B	9.8B	9.5B
Retained Earnings	33.2B	30.0B	27.3B	25.3B	30.1B	27.5B	25.3B	23.1B	29.2B	27.0B
Legal Reserve	11.6B	11.6B	11.6B	10.7B	10.7B	10.7B	10.7B	9.6B	9.6B	9.6B
Other Equity	1.1B	844.2M	252.7M	2.0B	1.5B	1.4B	1.2B	956.4M	893.3M	1.1B
Equity Parent	54.9B	51.4B	47.7B	47.3B	51.4B	48.5B	45.9B	42.9B	48.5B	46.1B
Total Equity	55.0B	51.5B	47.9B	47.5B	51.8B	48.6B	46.0B	43.3B	48.8B	46.5B
Total Liabilities Equity	75.7B	70.1B	74.3B	74.4B	71.7B	66.4B	72.4B	71.0B	69.1B	67.0B

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024	Q2 2024Jun 30, 2024	Q1 2024Mar 31, 2024	Q4 2023Dec 31, 2023	Q3 2023Sep 30, 2023
Net Income Before Tax Cf	12.7B	9.0B	5.7B	3.2B	11.0B	7.8B	5.0B	2.4B	13.3B	10.5B
Depreciation	991.9M	743.1M	491.0M	247.9M	934.0M	703.1M	472.8M	242.3M	912.3M	674.1M
Amortization	217.8M	159.0M	110.0M	46.2M	159.8M	116.4M	79.2M	35.5M	174.0M	128.0M
Cash From Operations Adjustments	9.9B	9.0B	3.0B	2.5B	10.5B	8.7B	1.4B	508.6M	9.7B	9.2B
Change In Receivables	-252.9M	-778.1M	-394.9M	-516.9M	-412.2M	-9.9M	-23.9M	390.4M	1.7B	1.2B
Change In Inventories	-1.3B	-492.8M	-320.2M	-284.4M	-374.5M	-298.0M	370.9M	199.9M	4.2B	3.2B
Change In Payables	769.6M	173.3M	537.5M	486.7M	499.0M	507.0M	644.9M	100.7M	-1.0B	-697.8M
Operating Cash Flow	9.9B	9.0B	3.0B	2.5B	10.5B	8.7B	1.4B	508.6M	9.7B	9.2B
Capex	-2.8B	-2.0B	-1.3B	-666.2M	-1.5B	-725.8M	-288.4M	-85.4M	-1.2B	-836.4M
Investing Cash Flow	-4.2B	-3.2B	-2.1B	-846.4M	-469.8M	-80.6M	634.2M	890.1M	-2.6B	-1.8B
Proceeds Long Term Debt	62.2M	61.4M	50.4M	49.6M	37.0M	37.0M	0.00	0.00	0.00	0.00
Repayment Long Term Debt	-123.0M	-91.8M	-61.1M	-18.7M	-146.0M	-118.5M	-118.5M	-118.5M	0.00	0.00
Interest Paid	-86.5M	-66.9M	-44.9M	-22.5M	-86.5M	-64.2M	-43.6M	-23.1M	-44.0M	-33.0M
Financing Cash Flow	-7.8B	-7.8B	-596.5M	-458.0M	-7.8B	-7.6B	535.2M	169.4M	-8.1B	-7.9B
Net Change In Cash	-2.3B	-2.5B	-453.5M	1.7B	2.6B	1.3B	2.9B	1.8B	-1.0B	-260.7M
Cash Beginning Of Period	13.6B	13.6B	13.6B	13.6B	11.0B	11.0B	11.0B	11.0B	12.0B	12.0B
Cash End Of Period	11.3B	11.1B	13.2B	15.3B	13.6B	12.4B	13.9B	12.8B	11.0B	11.8B
Income Before Tax Continuing	12.7B	9.0B	5.7B	3.2B	11.0B	7.8B	5.0B	2.4B	13.3B	10.5B
Interest Expense	88.8M	67.6M	44.8M	25.4M	94.4M	64.3M	43.7M	23.1M	45.6M	34.1M
Interest Income	-341.0M	-250.6M	-174.2M	-81.7M	-388.2M	-289.1M	-189.9M	-87.5M	-275.3M	-188.2M