Cash flow Anhui Guangxin Agrochemical Co., Ltd.

Equities

603599

CNE1000022J5

Agricultural Chemicals

End-of-day quote Shanghai S.E. Other stock markets 2024-09-19			5-day change	1st Jan Change
9.790 ^CNY	+0.62%		-1.21%	-32.48%

Aug. 27	Anhui Guangxin Agrochemical Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 25	Anhui Guangxin Agrochemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

04e79ec1523.arQNtZw7CQhO9f0xL0ilXwpZG6QKxqyBueAA3a6xP7g.R9VkmO5TWVgsna96TCaSbDobfctnrMrw6ZVzvpnVdd09xT7x6GJRQCCvmg

Published financial data: ANHUI GUANGXIN AGROCHEMICAL CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.09B	3.39B	5.54B	9.06B	5.87B
Other Revenues, Total	19.08M	15.31M	14.4M	-	-
Total Revenues	3.11B	3.4B	5.55B	9.06B	5.87B
Cost of Goods Sold, Total	2.23B	2.41B	3.42B	5.66B	3.93B
Gross Profit	884M	990M	2.13B	3.4B	1.94B
Selling General & Admin Expenses, Total	276M	223M	270M	408M	346M
Provision for Bad Debts	-257K	-1.4M	16.49M	-6.78M	8.65M
R&D Expenses	162M	181M	279M	406M	292M
Other Operating Expenses	16.48M	15.66M	18.06M	27.54M	47.69M
Other Operating Expenses, Total	455M	418M	583M	835M	695M
Operating Income	428M	572M	1.55B	2.56B	1.25B
Interest Expense, Total	-1.62M	-671K	-1.93M	-3.69M	-24.66M
Interest And Investment Income	93.78M	51.71M	35.98M	192M	308M
Net Interest Expenses	92.15M	51.04M	34.05M	188M	283M
Currency Exchange Gains (Loss)	3.85M	-28.81M	-3.38M	13.26M	60.53M
Other Non Operating Income (Expenses)	-2.59M	-3.29M	-858K	-4.6M	14.83M
EBT, Excl. Unusual Items	522M	591M	1.58B	2.76B	1.6B
Gain (Loss) On Sale Of Investments	28.55M	72.61M	82.71M	-13.94M	-6.78M
Gain (Loss) On Sale Of Assets	-	-2.46M	-704K	-194K	51.63M
Asset Writedown	-6.58M	-20.94M	-	-52.62M	-
Legal Settlements	-	-	-	-	-46.5M
Other Unusual Items	32.41M	30.33M	26.4M	18.37M	44.34M
EBT, Incl. Unusual Items	576M	670M	1.69B	2.71B	1.65B
Income Tax Expense	70.54M	81.34M	208M	336M	214M
Earnings From Continuing Operations	506M	589M	1.48B	2.38B	1.43B
Net Income to Company	506M	589M	1.48B	2.38B	1.43B
Minority Interest	-	-	-	-61.87M	6.05M
Net Income - (IS)	506M	589M	1.48B	2.32B	1.44B
Net Income to Common Incl Extra Items	506M	589M	1.48B	2.32B	1.44B
Net Income to Common Excl. Extra Items	506M	589M	1.48B	2.32B	1.44B
Per Share Items
Net EPS - Basic	0.56	0.65	1.62	2.54	1.58
Basic EPS - Continuing Operations	0.56	0.65	1.62	2.54	1.58
Basic Weighted Average Shares Outstanding	909M	909M	912M	911M	911M
Net EPS - Diluted	0.56	0.65	1.62	2.54	1.58
Diluted EPS - Continuing Operations	0.56	0.65	1.62	2.54	1.58
Diluted Weighted Average Shares Outstanding	909M	909M	912M	911M	911M
Normalized Basic EPS	0.36	0.41	1.08	1.83	1.11
Normalized Diluted EPS	0.36	0.41	1.08	1.83	1.11
Dividend Per Share	-	0.22	0.51	0.71	0.6
Payout Ratio	16.09	-	13.63	28.65	46.9
Supplemental Items
EBITDA	635M	800M	1.78B	2.85B	1.55B
EBITA	434M	577M	1.55B	2.57B	1.26B
EBIT	428M	572M	1.55B	2.56B	1.25B
EBITDAR	641M	806M	1.78B	-	1.56B
Total Revenues (As Reported)	3.11B	3.4B	5.55B	9.06B	5.87B
Effective Tax Rate - (Ratio)	12.24	12.14	12.34	12.38	12.99
Total Current Taxes	69.97M	63.44M	217M	356M	203M
Total Deferred Taxes	569K	17.9M	-8.77M	-19.8M	10.72M
Normalized Net Income	326M	369M	987M	1.66B	1.01B
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	111M	36.67M	53.54M	96.83M	63.98M
General and Administrative Expenses	166M	187M	217M	311M	282M
Research And Development Expense From Footnotes	162M	181M	279M	406M	292M
Net Rental Expense, Total	5.71M	5.81M	5.36M	-	7.97M
Imputed Operating Lease Interest Expense	-	-	-	-	783K
Imputed Operating Lease Depreciation	-	-	-	-	7.19M
Maintenance & Repair Expenses, Total	171M	180M	241M	315M	185M
Stock-Based Comp., G&A Exp. (Total)	-	1.67M	23.39M	8.98M	3.48M
Total Stock-Based Compensation	-	1.67M	23.39M	8.98M	3.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	682M	1.73B	2.69B	3.89B	7.06B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	2.8B	2.28B	3.02B	4.75B	3.58B
Total Cash And Short Term Investments	3.48B	4.01B	5.71B	8.64B	10.64B
Accounts Receivable, Total	338M	388M	513M	438M	267M
Other Receivables	44.55M	2.29M	3.1M	19.93M	21.12M
Total Receivables	382M	391M	516M	458M	288M
Inventory	610M	764M	1.41B	1.18B	1.32B
Other Current Assets, Total	24.22M	32.92M	84.1M	102M	91.61M
Total Current Assets	4.5B	5.19B	7.71B	10.38B	12.34B
Gross Property Plant And Equipment	2.44B	2.64B	3.27B	4.27B	4.22B
Accumulated Depreciation	-806M	-1.02B	-1.24B	-1.65B	-1.89B
Net Property Plant And Equipment	1.63B	1.63B	2.03B	2.63B	2.33B
Long-term Investments	-	-	-	378M	350M
Goodwill	-	-	-	36.34M	36.34M
Other Intangibles, Total	215M	210M	208M	301M	300M
Deferred Tax Assets Long-Term	31.89M	29.45M	69.87M	87.92M	46.45M
Deferred Charges Long-Term	988K	352K	176K	-	-
Other Long-Term Assets, Total	222M	307M	137M	47.41M	120M
Total Assets	6.6B	7.37B	10.15B	13.85B	15.52B
Liabilities
Accounts Payable, Total	867M	1.27B	1.7B	2.65B	2.16B
Accrued Expenses, Total	315M	26.82M	26.45M	43.08M	27.96M
Short-term Borrowings	99.33M	-	361M	1.24B	2.78B
Current Portion of Leases	-	-	1.04M	1.23M	-
Current Income Taxes Payable	20.2M	37.41M	197M	316M	284M
Unearned Revenue Current, Total	98.06M	213M	676M	438M	371M
Other Current Liabilities	58.95M	95.06M	122M	212M	130M
Total Current Liabilities	1.46B	1.64B	3.09B	4.9B	5.75B
Long-Term Leases	-	-	2.18M	1M	-
Unearned Revenue Non Current	49.58M	59.87M	53.98M	64.49M	66.81M
Deferred Tax Liability Non Current	4.55M	20.02M	51.67M	69.99M	39.28M
Other Non Current Liabilities	-	-	-	-	46.5M
Total Liabilities	1.51B	1.72B	3.19B	5.04B	5.9B
Common Stock, Total	465M	465M	465M	650M	910M
Additional Paid In Capital	2.15B	2.13B	2.15B	1.98B	1.72B
Retained Earnings	2.36B	2.95B	4.23B	5.88B	6.67B
Treasury Stock	-	-31.73M	-29.27M	-6.98M	-
Comprehensive Income and Other	113M	130M	143M	173M	179M
Total Common Equity	5.09B	5.64B	6.96B	8.68B	9.48B
Minority Interest	-	-	-	137M	130M
Total Equity	5.09B	5.64B	6.96B	8.81B	9.61B
Total Liabilities And Equity	6.6B	7.37B	10.15B	13.85B	15.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	911M	911M	912M	916M	910M
ECS Total Common Shares Outstanding	911M	911M	912M	916M	910M
Book Value / Share	5.58	6.19	7.63	9.48	10.42
Tangible Book Value	4.87B	5.43B	6.75B	8.34B	9.15B
Tangible Book Value Per Share	5.35	5.96	7.4	9.11	10.05
Total Debt	99.33M	0	365M	1.24B	2.78B
Net Debt	-3.38B	-4.01B	-5.34B	-7.4B	-7.86B
Debt Equivalent Oper. Leases	45.66M	46.49M	42.88M	-	63.8M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	137M	130M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	124M	157M	210M	270M	192M
Inventories - Work In Process, Total	18.26M	24.73M	47.74M	42.26M	45.9M
Inventories - Finished Goods, Total	536M	598M	1.17B	925M	1.19B
Buildings, Total	885M	889M	1.01B	1.28B	1.26B
Machinery, Total	1.24B	1.4B	1.8B	2.2B	2.7B
Full Time Employees	-	1.76K	1.77K	2.6K	2.59K
Accumulated Allowance for Doubtful Accounts (Supple)	14.87M	13.46M	22.41M	17.98M	9.33M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	506M	589M	1.48B	2.32B	1.44B
Depreciation & Amortization - CF	202M	223M	223M	276M	291M
Amortization of Goodwill and Intangible Assets - (CF)	5.35M	5.46M	5.46M	8.31M	10.31M
Depreciation & Amortization, Total	207M	229M	228M	284M	301M
Amortization of Deferred Charges, Total - (CF)	459K	635K	176K	179K	4.62K
(Gain) Loss From Sale Of Asset	-	525K	704K	-187K	-72.13M
(Gain) Loss on Sale of Investments - (CF)	-114M	-95.34M	-95.76M	-94.5M	-106M
Asset Writedown & Restructuring Costs	64.13M	51.8M	7.55M	52.62M	20.49M
Provision and Write-off of Bad Debts	1.02M	-394K	9.12M	-3.35M	-8.65M
Other Operating Activities, Total	-5.75M	24.27M	10.54M	52.3M	52.73M
Change In Accounts Receivable	54.27M	-127M	-423M	124M	189M
Change In Inventories	-133M	-183M	-649M	253M	-235M
Change In Accounts Payable	92.37M	166M	815M	-75.42M	-916M
Change In Deferred Taxes	569K	17.9M	-8.77M	-19.8M	10.72M
Change in Other Net Operating Assets	22.45M	18.96M	36M	38.76M	57.2M
Cash from Operations	695M	692M	1.41B	2.93B	732M
Capital Expenditure	-222M	-232M	-239M	-524M	-576M
Sale of Property, Plant, and Equipment	-	760K	-	187K	507M
Cash Acquisitions	-	-	-	10.04M	-
Investment in Marketable and Equity Securities, Total	-1B	501M	-723M	-2B	1.11B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-4.54M	38.83M	-	-	-
Other Investing Activities, Total	86.56M	118M	79.81M	108M	106M
Cash from Investing	-1.14B	427M	-882M	-2.4B	1.14B
Short Term Debt Issued, Total	99.33M	-	361M	1.24B	2.78B
Total Debt Issued	99.33M	-	361M	1.24B	2.78B
Short Term Debt Repaid, Total	-	-99.33M	-	-481M	-1.24B
Total Debt Repaid	-	-99.33M	-	-481M	-1.24B
Issuance of Common Stock	-	31.73M	-	2.26M	-
Repurchase of Common Stock	-	-	-1.1M	-823K	-123K
Common Dividends Paid	-81.34M	-	-202M	-664M	-675M
Common & Preferred Stock Dividends Paid	-81.34M	-	-202M	-664M	-675M
Other Financing Activities, Total	-1.62M	-51.57M	-45.46K	-132K	-
Cash from Financing	16.36M	-119M	159M	95.48M	864M
Foreign Exchange Rate Adjustments	3.85M	-28.81M	-3.38M	13.26M	60.53M
Net Change in Cash	-426M	970M	684M	634M	2.8B
Supplemental Items
Cash Interest Paid	1.62M	671K	45.46K	132K	-
Cash Income Tax Paid (Refund)	34.65M	1.59M	-11.78M	283M	257M
Levered Free Cash Flow	534M	469M	1.24B	2.58B	-157M
Unlevered Free Cash Flow	535M	470M	1.24B	2.58B	-142M
Change In Net Working Capital	-283M	-113M	-262M	-1.21B	650M
Net Debt Issued / Repaid	99.33M	-99.33M	361M	758M	1.54B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.28	5.12	11.05	13.36	5.3
Return on Total Capital	5.45	6.6	14.94	18.45	6.94
Return On Equity %	10.4	10.98	23.48	30.14	15.55
Return on Common Equity	10.4	10.98	23.48	29.62	15.85
Margin Analysis
Gross Profit Margin %	28.41	29.09	38.43	37.52	33.07
SG&A Margin	8.89	6.57	4.87	4.5	5.9
EBITDA Margin %	20.43	23.52	32.01	31.43	26.37
EBITA Margin %	13.95	16.96	28.02	28.4	21.41
EBIT Margin %	13.77	16.8	27.92	28.3	21.23
Income From Continuing Operations Margin %	16.26	17.3	26.66	26.24	24.42
Net Income Margin %	16.26	17.3	26.66	25.55	24.52
Net Avail. For Common Margin %	16.26	17.3	26.66	25.55	24.52
Normalized Net Income Margin	10.49	10.85	17.78	18.36	17.19
Levered Free Cash Flow Margin	17.18	13.79	22.38	28.43	-2.68
Unlevered Free Cash Flow Margin	17.21	13.81	22.4	28.46	-2.42
Asset Turnover
Asset Turnover	0.5	0.49	0.63	0.76	0.4
Fixed Assets Turnover	1.92	2.09	3.04	3.9	2.37
Receivables Turnover (Average Receivables)	8.6	9.33	12.28	19.06	16.64
Inventory Turnover (Average Inventory)	3.89	3.51	3.15	4.39	3.15
Short Term Liquidity
Current Ratio	3.08	3.16	2.5	2.12	2.15
Quick Ratio