United Strength Power Holdings Limited (2337.HK)

Name: United Strength Power Holdings Limited Financial Statements
Creator: Quarter Results

Energy | Oil Gas Refining Marketing

Latest reporting period: 2026-04-07

Latest Quarter

2026-04-07

Revenue

$3.1B

Net Income

-$7.3M

Operating Margin

0.2%

Free Cash Flow

$3.7M

Debt / Assets

70.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for United Strength Power Holdings Limited (2337.HK).
Income Statement (Quarterly)	2026-04-07	2025-06-30	2025-03-31	2024-12-31
Revenue	3,082,015,000	3,082,015,000	1,541,007,500	3,884,915,000
Cost of Revenue	2,930,716,000	2,930,716,000	1,465,358,000	3,657,093,000
Gross Profit	151,299,000	151,299,000	75,649,500	227,822,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	77,736,000	77,736,000	38,868,000	76,844,000
Operating Expenses	144,309,000	144,309,000	72,154,500	160,214,000
Operating Income	6,990,000	6,990,000	3,495,000	67,608,000
Interest Expense	0	12,765,000	0	15,722,000
Income Before Tax	-5,321,000	-5,321,000	-2,660,500	52,243,000
Income Tax Expense	511,000	511,000	255,500	9,527,000
Net Income	-7,278,000	-7,278,000	-3,639,000	40,821,000
Per Share
EPS	-0.02	-0.02	-0.01	0.11
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for United Strength Power Holdings Limited (2337.HK).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	7,724,326,000	7,346,895,000	6,089,366,000	5,830,081,000	3,481,322,000
Cost of Revenue	7,284,476,000	6,924,632,000	5,696,264,000	5,217,357,000	3,011,037,000
Gross Profit	439,850,000	422,263,000	393,102,000	612,724,000	470,285,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	160,925,000	10,337,000	157,027,000	0	0
Operating Expenses	317,000,000	308,665,000	308,145,000	335,937,000	270,277,000
Operating Income	122,850,000	113,598,000	86,956,000	293,023,000	200,008,000
Interest Expense	29,738,000	34,390,000	36,268,000	41,902,000	26,854,000
Income Before Tax	94,313,000	64,073,000	36,872,000	252,124,000	170,814,000
Income Tax Expense	23,657,000	20,769,000	17,921,000	70,200,000	46,451,000
Net Income	67,791,000	39,489,000	16,530,000	176,620,000	123,283,000
Per Share
EPS	0.18	0.11	0.04	0.51	0.35
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for United Strength Power Holdings Limited (2337.HK).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	70,278,000	46,517,000	60,297,000	101,774,000
Short Term Investments	0	0	0	0
Net Receivables	129,137,000	44,765,000	67,991,000	0
Inventory	140,362,000	185,439,000	136,267,000	80,025,000
Total Current Assets	1,333,724,000	1,332,965,000	932,997,000	824,367,000
Property Plant Equipment	427,782,000	488,498,000	537,767,000	636,344,000
Goodwill and Intangibles	0	0	0	0
Total Assets	1,877,283,000	1,914,596,000	1,555,454,000	1,544,375,000
Liabilities
Account Payables	2,748,000	27,160,000	63,901,000	113,947,000
Short Term Debt	532,532,000	434,095,000	386,154,000	331,842,000
Total Current Liabilities	1,101,023,000	1,140,694,000	818,970,000	737,592,000
Long Term Debt	225,378,000	258,328,000	264,732,000	352,626,000
Total Liabilities	1,329,328,000	1,402,489,000	1,087,830,000	1,095,714,000
Shareholders Equity
Retained Earnings	469,829,000	417,038,000	369,373,000	0
Total Shareholders Equity	510,671,000	469,503,000	428,684,000	411,804,000

Balance sheet annual history for United Strength Power Holdings Limited (2337.HK).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	70,278,000	46,517,000	60,297,000	101,774,000	111,617,000
Short Term Investments	0	0	0	0	0
Net Receivables	129,137,000	44,765,000	67,991,000	0	0
Inventory	140,362,000	185,439,000	136,267,000	80,025,000	111,976,000
Total Current Assets	1,333,724,000	1,332,965,000	932,997,000	824,367,000	550,268,000
Property Plant Equipment	427,782,000	488,498,000	537,767,000	636,344,000	637,847,000
Goodwill and Intangibles	0	0	0	0	0
Total Assets	1,877,283,000	1,914,596,000	1,555,454,000	1,544,375,000	1,273,135,000
Liabilities
Account Payables	2,748,000	27,160,000	63,901,000	113,947,000	90,139,000
Short Term Debt	532,532,000	434,095,000	386,154,000	331,842,000	243,689,000
Total Current Liabilities	1,101,023,000	1,140,694,000	818,970,000	737,592,000	621,075,000
Long Term Debt	225,378,000	258,328,000	264,732,000	352,626,000	360,599,000
Total Liabilities	1,329,328,000	1,402,489,000	1,087,830,000	1,095,714,000	988,026,000
Shareholders Equity
Retained Earnings	469,829,000	417,038,000	369,373,000	0	0
Total Shareholders Equity	510,671,000	469,503,000	428,684,000	411,804,000	253,605,000

Cash flow quarterly history for United Strength Power Holdings Limited (2337.HK).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	94,313,000	64,073,000	36,872,000	176,620,000
Depreciation & Amortization	62,798,000	71,702,000	77,471,000	75,767,000
Stock Based Compensation	0	0	0	0
Change in Working Capital	-125,861,000	-102,763,000	-14,853,000	-242,441,000
Operating Cash Flow	18,881,000	34,798,000	93,522,000	63,013,000
Investing Activities
Capital Expenditure	-15,205,000	-48,216,000	-12,137,000	-23,798,000
Investments	-15,205,000	-48,216,000	-12,137,000	-23,798,000
Investing Cash Flow	-7,128,000	-41,768,000	-11,178,000	-13,270,000
Financing Activities
Debt Repayment	99,237,000	94,853,000	-216,453,000	-192,978,000
Common Stock Issued/Repurchased	0	0	0	0
Dividends Paid	-27,355,000	0	-8,176,000	-16,832,000
Financing Cash Flow	12,073,000	-6,915,000	-76,254,000	-107,293,000
Summary
Free Cash Flow	3,676,000	-13,418,000	81,385,000	39,215,000
Net Change in Cash	23,761,000	-13,780,000	6,723,000	-58,043,000

Cash flow annual history for United Strength Power Holdings Limited (2337.HK).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	94,313,000	64,073,000	36,872,000	176,620,000	123,283,000
Depreciation & Amortization	62,798,000	71,702,000	77,471,000	75,767,000	73,403,000
Stock Based Compensation	0	0	0	0	0
Change in Working Capital	-125,861,000	-102,763,000	-14,853,000	-242,441,000	-50,953,000
Operating Cash Flow	18,881,000	34,798,000	93,522,000	63,013,000	182,406,000
Investing Activities
Capital Expenditure	-15,205,000	-48,216,000	-12,137,000	-23,798,000	-43,606,000
Investments	-15,205,000	-48,216,000	-12,137,000	-23,798,000	-43,606,000
Investing Cash Flow	-7,128,000	-41,768,000	-11,178,000	-13,270,000	-42,316,000
Financing Activities
Debt Repayment	99,237,000	94,853,000	-216,453,000	-192,978,000	-143,179,000
Common Stock Issued/Repurchased	0	0	0	0	174,094,000
Dividends Paid	-27,355,000	0	-8,176,000	-16,832,000	-17,855,000
Financing Cash Flow	12,073,000	-6,915,000	-76,254,000	-107,293,000	-91,438,000
Summary
Free Cash Flow	3,676,000	-13,418,000	81,385,000	39,215,000	138,800,000
Net Change in Cash	23,761,000	-13,780,000	6,723,000	-58,043,000	45,928,000