ID 404934381 · FY 2017–2023 · 7 years
Group parent — controls 3 companies
Operator of the Hualing Kutaisi Free Industrial Zone, a major Chinese-backed industrial and trade hub in western Georgia.
curated 2026-06-03reportal.gehualing.ge
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | CAGR |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 58,937 | 41,871 | 51,616 | 36,309 | 75,281 | 84,967 | 92,872 | +7.9% |
| Total COGS | -34,415 | -26,189 | -29,164 | -23,351 | -37,936 | -46,303 | -47,440 | +5.5% |
| Gross Profit | 24,523 | 15,682 | 22,452 | 12,958 | 37,345 | 38,664 | 45,432 | +10.8% |
| Gross Margin | 41.6% | 37.5% | 43.5% | 35.7% | 49.6% | 45.5% | 48.9% | |
| Total Operating Expenses | -13,679 | -18,834 | -24,004 | -22,714 | -26,362 | -29,212 | -40,601 | +19.9% |
| EBITDA | 10,843 | -3,152 | -1,552 | -9,756 | 10,983 | 9,452 | 4,831 | -12.6% |
| EBITDA Margin | 18.4% | -7.5% | -3.0% | -26.9% | 14.6% | 11.1% | 5.2% | |
| Total D&A | -8,553 | -9,413 | -9,747 | -11,749 | -11,566 | -8,442 | -7,806 | -1.5% |
| EBIT / Operating Income | 2,290 | -12,565 | -11,299 | -21,505 | -583 | 1,010 | -2,975 | nmf |
| Total Interest Income | 12,597 | 13,654 | 16,433 | 20,993 | 19,763 | 15,811 | 15,523 | +3.5% |
| Total Interest Expense | -3,900 | -4,577 | -4,910 | -4,425 | -3,409 | -1,239 | -1,268 | -17.1% |
| Total Other Income | -1,737 | 17,886 | 6,476 | 22,868 | -12,825 | -25,230 | -3,651 | +13.2% |
| Profit Before Tax | 9,251 | 14,398 | 6,700 | 17,931 | 2,946 | -9,648 | 7,629 | -3.2% |
| Total Income Tax | 0 | 0 | 0 | -4 | 0 | 0 | 0 | |
| Net Profit / (Loss) | -6,134 | 13,692 | 5,269 | 15,432 | -8,875 | -9,648 | 7,629 | nmf |
| Net Margin | -10.4% | 32.7% | 10.2% | 42.5% | -11.8% | -11.4% | 8.2% |
Ownership & directors from companyinfo.ge (public corporate registry).