Cash flow Beijing Comens New Materials Co.,Ltd.

Equities

300200

CNE1000011V3

Specialty Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
6.470 ^CNY	-0.31%		-4.01%	-26.73%

Aug. 14	Beijing Comens New Materials Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Jul. 02	Tranche Update on Beijing Comens New Materials Co.,Ltd.'s Equity Buyback Plan announced on January 30, 2024.	CI

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Published financial data: BEIJING COMENS NEW MATERIALS CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	930M	903M	952M	998M	1.03B
Other Revenues, Total	30.24M	57.04M	148M	18.04M	6.56M
Total Revenues	960M	960M	1.1B	1.02B	1.04B
Cost of Goods Sold, Total	551M	564M	802M	700M	760M
Gross Profit	409M	396M	297M	316M	276M
Selling General & Admin Expenses, Total	152M	77.72M	84.73M	110M	113M
Provision for Bad Debts	-2.88M	9.75M	-3.36M	1.22M	2.49M
R&D Expenses	54.76M	52.75M	63.56M	58.99M	75.44M
Other Operating Expenses	9.48M	8.31M	7.13M	8.45M	5.31M
Other Operating Expenses, Total	213M	149M	152M	178M	196M
Operating Income	196M	247M	145M	138M	79.73M
Interest Expense, Total	-182K	-149K	-558K	-564K	-191K
Interest And Investment Income	15.28M	21.49M	28.34M	13.69M	25.45M
Net Interest Expenses	15.1M	21.35M	27.78M	13.13M	25.26M
Currency Exchange Gains (Loss)	-649K	-3.95M	-950K	2.16M	540K
Other Non Operating Income (Expenses)	-127K	-249K	-369K	-373K	-1.5M
EBT, Excl. Unusual Items	210M	264M	172M	153M	104M
Impairment of Goodwill	-	-	-	-	-453M
Gain (Loss) On Sale Of Investments	445K	933K	6.41M	-3.03M	1.64M
Gain (Loss) On Sale Of Assets	36.55K	72.75K	-391K	442K	-57.77K
Asset Writedown	-924K	-2.79M	-1.51M	-8.55K	-2.2M
Legal Settlements	-	-	-	-	-1.9M
Other Unusual Items	3.38M	3.69M	3.23M	10.83M	8.64M
EBT, Incl. Unusual Items	213M	266M	179M	161M	-343M
Income Tax Expense	27.38M	33.57M	20.13M	22.93M	7.15M
Earnings From Continuing Operations	186M	233M	159M	138M	-350M
Net Income to Company	186M	233M	159M	138M	-350M
Minority Interest	-	-	-	2.96M	4.75M
Net Income - (IS)	186M	233M	159M	141M	-345M
Net Income to Common Incl Extra Items	186M	233M	159M	141M	-345M
Net Income to Common Excl. Extra Items	186M	233M	159M	141M	-345M
Per Share Items
Net EPS - Basic	0.44	0.55	0.37	0.33	-0.8
Basic EPS - Continuing Operations	0.44	0.55	0.37	0.33	-0.8
Basic Weighted Average Shares Outstanding	425M	423M	430M	427M	432M
Net EPS - Diluted	0.44	0.55	0.37	0.32	-0.8
Diluted EPS - Continuing Operations	0.44	0.55	0.37	0.32	-0.8
Diluted Weighted Average Shares Outstanding	425M	423M	430M	440M	432M
Normalized Basic EPS	0.31	0.39	0.25	0.23	0.16
Normalized Diluted EPS	0.31	0.39	0.25	0.22	0.16
Dividend Per Share	0.25	0.3	0.15	0.15	-
Payout Ratio	30.12	46.14	80.77	45.69	-18.75
Supplemental Items
EBITDA	222M	270M	169M	162M	110M
EBITA	198M	248M	146M	139M	80.81M
EBIT	196M	247M	145M	138M	79.73M
EBITDAR	223M	271M	170M	163M	111M
Total Revenues (As Reported)	960M	960M	1.1B	1.02B	1.04B
Effective Tax Rate - (Ratio)	12.84	12.61	11.22	14.27	-2.09
Total Current Taxes	33.7M	34.05M	17.19M	18.73M	5.9M
Total Deferred Taxes	-6.63M	39.42K	2.75M	4.2M	1.25M
Normalized Net Income	131M	165M	107M	98.27M	69.77M
Supplemental Operating Expense Items
Advertising Expense	522K	480K	382K	388K	1.28M
Selling and Marketing Expenses	73.17M	34.54M	39.02M	50.32M	65.82M
General and Administrative Expenses	77.68M	43.18M	45.71M	59.2M	46.77M
Research And Development Expense From Footnotes	56.17M	52.84M	63.8M	59.21M	75.61M
Net Rental Expense, Total	724K	724K	724K	724K	1.04M
Imputed Operating Lease Interest Expense	-	-	104K	146K	198K
Imputed Operating Lease Depreciation	-	-	620K	578K	842K
Stock-Based Comp., R&D Exp. (Total)	-	-	-	5.16M	-722K
Stock-Based Comp., S&M Exp. (Total)	-	-	1.73M	16.66M	2.33M
Stock-Based Comp., G&A Exp. (Total)	8.17M	2.46M	3.79M	23.45M	-6.36M
Total Stock-Based Compensation	8.17M	2.46M	5.52M	45.27M	-4.76M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	78.97M	216M	140M	194M	182M
Short Term Investments	207K	984K	669K	-	97.79M
Trading Asset Securities, Total	523M	565M	679M	677M	62.86M
Total Cash And Short Term Investments	603M	782M	820M	871M	343M
Accounts Receivable, Total	220M	206M	188M	287M	342M
Other Receivables	-	-	-	7.3M	7.8M
Total Receivables	220M	206M	188M	294M	349M
Inventory	88.61M	113M	144M	111M	148M
Prepaid Expenses	2.87M	4.28M	4.62M	-	-
Other Current Assets, Total	8.29M	8.76M	12.63M	11.31M	39.56M
Total Current Assets	922M	1.11B	1.17B	1.29B	880M
Gross Property Plant And Equipment	381M	381M	397M	431M	623M
Accumulated Depreciation	-158M	-174M	-195M	-210M	-268M
Net Property Plant And Equipment	223M	207M	202M	222M	355M
Long-term Investments	19.98M	19.98M	39.98M	39.98M	464M
Goodwill	687M	687M	687M	719M	305M
Other Intangibles, Total	29.08M	28.61M	28M	27.99M	46.95M
Deferred Tax Assets Long-Term	14.95M	14.85M	12.55M	9.96M	9.69M
Deferred Charges Long-Term	60.5K	1.97M	1.09M	2.58M	6.94M
Other Long-Term Assets, Total	625K	494K	7.24M	8.52M	35.19M
Total Assets	1.9B	2.07B	2.15B	2.32B	2.1B
Liabilities
Accounts Payable, Total	79.79M	83.27M	132M	124M	276M
Accrued Expenses, Total	136M	148M	143M	111M	107M
Short-term Borrowings	-	30.04M	30.42M	10.24M	-
Current Portion of Leases	-	-	522K	764K	1.69M
Current Income Taxes Payable	11.36M	12.52M	5.02M	9.4M	752K
Unearned Revenue Current, Total	-	3.97M	4.87M	15.16M	10.76M
Other Current Liabilities	4.05M	4.34M	2.21M	61.28M	104M
Total Current Liabilities	231M	282M	318M	332M	501M
Long-Term Leases	-	-	1.36M	1.57M	1.85M
Unearned Revenue Non Current	8.16M	7.33M	7.48M	7.43M	9.56M
Deferred Tax Liability Non Current	1.91M	1.85M	2.31M	4.1M	7.5M
Other Non Current Liabilities	-	-	-	-	498K
Total Liabilities	241M	291M	329M	345M	520M
Common Stock, Total	267M	426M	426M	425M	431M
Additional Paid In Capital	1.08B	917M	922M	968M	983M
Retained Earnings	313M	439M	471M	548M	138M
Comprehensive Income and Other	-	-	-	-	4.28M
Total Common Equity	1.65B	1.78B	1.82B	1.94B	1.56B
Minority Interest	-	-	-	31.21M	26.47M
Total Equity	1.65B	1.78B	1.82B	1.97B	1.58B
Total Liabilities And Equity	1.9B	2.07B	2.15B	2.32B	2.1B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	427M	426M	426M	425M	431M
ECS Total Common Shares Outstanding	427M	426M	426M	425M	431M
Book Value / Share	3.88	4.18	4.27	4.56	3.61
Tangible Book Value	939M	1.07B	1.1B	1.19B	1.2B
Tangible Book Value Per Share	2.2	2.5	2.59	2.81	2.79
Total Debt	0	30.04M	32.3M	12.58M	3.54M
Net Debt	-603M	-752M	-788M	-859M	-339M
Debt Equivalent Oper. Leases	5.79M	5.79M	5.79M	5.79M	8.32M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	31.21M	26.47M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	23.9M	33.34M	49.23M	39.77M	56.85M
Inventories - Finished Goods, Total	71.04M	83.75M	97.43M	73.07M	104M
Buildings, Total	208M	208M	207M	214M	273M
Machinery, Total	173M	169M	185M	203M	244M
Full Time Employees	617	517	558	689	880
Accumulated Allowance for Doubtful Accounts (Supple)	16.37M	24.44M	19.46M	20.52M	25.47M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	186M	233M	159M	141M	-345M
Depreciation & Amortization - CF	23.78M	22.31M	23.76M	23.99M	30.1M
Amortization of Goodwill and Intangible Assets - (CF)	2.13M	815K	966K	948K	1.08M
Depreciation & Amortization, Total	25.91M	23.12M	24.73M	24.94M	31.17M
Amortization of Deferred Charges, Total - (CF)	400K	121K	888K	1.13M	1.98M
(Gain) Loss From Sale Of Asset	-36.55K	-72.75K	-175K	-442K	57.77K
(Gain) Loss on Sale of Investments - (CF)	-12.08M	-19.6M	-32.96M	-9.07M	-11.72M
Asset Writedown & Restructuring Costs	3.42M	5.85M	1.03M	8.55K	455M
Provision and Write-off of Bad Debts	-	-	-	1.31M	2.49M
Other Operating Activities, Total	790K	2.82M	1.33M	-1.67M	8.25M
Change In Accounts Receivable	41.8M	942K	15.19M	-96.95M	-119M
Change In Inventories	-13.23M	-27.38M	-33.65M	38.2M	-38.73M
Change In Accounts Payable	76.78M	34.84M	31.48M	16.69M	102M
Change In Deferred Taxes	-6.63M	39.43K	2.75M	4.2M	1.25M
Change in Other Net Operating Assets	5.11M	12.21M	6.06M	45.27M	-3.98M
Cash from Operations	308M	265M	176M	164M	84.55M
Capital Expenditure	-11.39M	-15.15M	-27.4M	-30.42M	-58.98M
Sale of Property, Plant, and Equipment	527K	371K	474K	552K	5.07M
Cash Acquisitions	-97.25M	-	-	-57.97M	-71.51M
Investment in Marketable and Equity Securities, Total	-335M	-51.33M	-125M	35.2M	109M
Other Investing Activities, Total	7.72M	17.18M	24.09M	18.31M	6.72M
Cash from Investing	-436M	-48.93M	-128M	-34.33M	-10.06M
Short Term Debt Issued, Total	-	30M	30.37M	20M	7.06M
Total Debt Issued	-	30M	30.37M	20M	7.06M
Short Term Debt Repaid, Total	-	-	-30M	-40M	-57.79M
Long-Term Debt Repaid, Total	-	-	-	-764K	-1.18M
Total Debt Repaid	-	-	-30M	-40.76M	-58.97M
Issuance of Common Stock	-	-	-	-	24.56M
Repurchase of Common Stock	-	-	-1.44M	-81.76K	-
Common Dividends Paid	-55.99M	-107M	-129M	-64.32M	-64.73M
Common & Preferred Stock Dividends Paid	-55.99M	-107M	-129M	-64.32M	-64.73M
Other Financing Activities, Total	-626K	-1.09M	-522K	285K	-2.97M
Cash from Financing	-56.62M	-78.41M	-130M	-84.88M	-95.05M
Foreign Exchange Rate Adjustments	-790K	-2.04M	-69K	1.22M	327K
Net Change in Cash	-185M	136M	-82.65M	46.4M	-20.24M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	82.51M	83.2M	56.37M	42.39M	47.87M
Levered Free Cash Flow	354M	173M	111M	94.69M	76.77M
Unlevered Free Cash Flow	354M	174M	111M	95.04M	76.89M
Change In Net Working Capital	-208M	-8.56M	-17.02M	31.87M	-57.64M
Net Debt Issued / Repaid	-	30M	369K	-20.76M	-51.91M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.69	7.78	4.3	3.85	2.25
Return on Total Capital	7.73	8.91	4.95	4.48	2.79
Return On Equity %	11.72	13.53	8.84	7.27	-19.69
Return on Common Equity	11.72	13.53	8.84	7.49	-19.74
Margin Analysis
Gross Profit Margin %	42.6	41.23	27.03	31.08	26.61
SG&A Margin	15.79	8.1	7.71	10.78	10.87
EBITDA Margin %	23.12	28.16	15.4	15.94	10.62
EBITA Margin %	20.64	25.83	13.28	13.64	7.8
EBIT Margin %	20.42	25.75	13.2	13.54	7.7
Income From Continuing Operations Margin %	19.36	24.24	14.48	13.57	-33.8
Net Income Margin %	19.36	24.24	14.48	13.86	-33.34
Net Avail. For Common Margin %	19.36	24.24	14.48	13.86	-33.34
Normalized Net Income Margin	13.69	17.21	9.75	9.67	6.74
Levered Free Cash Flow Margin	36.85	18.07	10.1	9.32	7.41
Unlevered Free Cash Flow Margin	36.87	18.08	10.14	9.36	7.43
Asset Turnover
Asset Turnover	0.52	0.48	0.52	0.46	0.47
Fixed Assets Turnover	4.16	4.47	5.38	4.79	3.59
Receivables Turnover (Average Receivables)	3.88	4.25	4.84	4.2	3.27
Inventory Turnover (Average Inventory)	6.62	5.6	6.24	5.49	5.87
Short Term Liquidity
Current Ratio	3.99