Cash flow China Conch Venture Holdings Limited

Equities

586 KYG2116J1085

Environmental Services & Equipment

Market Closed - Hong Kong S.E. Other stock markets 03:08:03 2024-12-06 am EST			5-day change	1st Jan Change
6.740 ^HKD	+0.60%		+1.20%	+4.01%

Oct. 10	China Conch Venture Holdings Limited Announces Resignation of Lee Leong Yin as Joint Company Secretary	CI
Sep. 25	Tranche Update on China Conch Venture Holdings Limited's Equity Buyback Plan announced on October 18, 2023.	CI

53b6235f356a37cd.b73Gmuz8ucUX2nXsxRP9VB3eQ_zE0_Oe4xGHxYqctfI.BPGB6LW50bdYuA-VhCGUDGymCbSmnsDPpFDdiePR88Rf56P-u4XUi3q_PA

Published financial data: CHINA CONCH VENTURE HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.12B	6.6B	6.68B	7.9B	8.02B
Total Revenues	5.12B	6.6B	6.68B	7.9B	8.02B
Cost of Goods Sold, Total	3.37B	4.41B	5.03B	5.67B	5.84B
Gross Profit	1.75B	2.19B	1.65B	2.23B	2.18B
Selling General & Admin Expenses, Total	368M	532M	424M	551M	635M
Provision for Bad Debts	-	-	-	-	21.32M
Other Operating Expenses	-110M	-	-106M	-254M	-304M
Other Operating Expenses, Total	258M	532M	318M	297M	352M
Operating Income	1.49B	1.66B	1.33B	1.93B	1.83B
Interest Expense, Total	-178M	-234M	-311M	-599M	-728M
Interest And Investment Income	108M	96.37M	83.65M	91.35M	107M
Net Interest Expenses	-69.85M	-138M	-227M	-508M	-621M
Income (Loss) On Equity Invest.	6.01B	6.39B	6.16B	2.94B	1.66B
Currency Exchange Gains (Loss)	7.92M	-6.4M	-898K	27.02M	1.91M
Other Non Operating Income (Expenses)	-	149M	-	-	-
EBT, Excl. Unusual Items	7.44B	8.05B	7.26B	4.39B	2.87B
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-7.41M	-984K	-34.25M	1.92M
Gain (Loss) On Sale Of Assets	-26.26M	-82K	172K	1.75M	-59K
Other Unusual Items	-	9.54M	-	17.68M	291K
EBT, Incl. Unusual Items	7.41B	8.05B	7.26B	4.37B	2.87B
Income Tax Expense	267M	300M	305M	289M	189M
Earnings From Continuing Operations	7.15B	7.75B	6.95B	4.08B	2.68B
Earnings Of Discontinued Operations	-	-	553M	12.11B	-
Net Income to Company	7.15B	7.75B	7.51B	16.19B	2.68B
Minority Interest	-151M	-135M	-48.03M	-231M	-219M
Net Income - (IS)	7B	7.62B	7.46B	15.96B	2.46B
Net Income to Common Incl Extra Items	7B	7.62B	7.46B	15.96B	2.46B
Net Income to Common Excl. Extra Items	7B	7.62B	6.91B	3.85B	2.46B
Per Share Items
Net EPS - Basic	3.88	4.22	4.11	8.77	1.36
Basic EPS - Continuing Operations	3.88	4.22	3.8	2.12	1.36
Basic Weighted Average Shares Outstanding	1.8B	1.8B	1.82B	1.82B	1.81B
Net EPS - Diluted	3.73	4.06	3.95	8.77	1.36
Diluted EPS - Continuing Operations	3.73	4.06	3.66	2.12	1.36
Diluted Weighted Average Shares Outstanding	1.9B	1.91B	1.92B	1.82B	1.81B
Normalized Basic EPS	2.49	2.71	2.47	1.38	0.87
Normalized Diluted EPS	2.36	2.57	2.34	1.38	0.87
Dividend Per Share	0.58	0.59	0.57	0.35	0.18
Payout Ratio	12.49	13.85	14.18	6.83	27.21
Supplemental Items
EBITDA	1.65B	1.92B	1.61B	2.58B	2.71B
EBITA	1.53B	1.76B	1.52B	2.41B	2.44B
EBIT	1.49B	1.66B	1.33B	1.93B	1.83B
EBITDAR	1.65B	1.93B	1.61B	2.59B	2.71B
Effective Tax Rate - (Ratio)	3.6	3.73	4.2	6.6	6.59
Current Domestic Taxes	232M	286M	218M	260M	209M
Total Current Taxes	232M	286M	218M	260M	209M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	34.92M	13.99M	86.85M	28.82M	-19.86M
Normalized Net Income	4.5B	4.9B	4.49B	2.51B	1.57B
Interest Capitalized	25.97M	66.45M	127M	101M	100M
Interest on Long-Term Debt	114M	118M	114M	124M	140M
Supplemental Operating Expense Items
Selling and Marketing Expenses	89.62M	137M	20.23M	19.81M	22.33M
General and Administrative Expenses	278M	395M	404M	532M	612M
Research And Development Expense From Footnotes	20.93M	31.74M	35.88M	60.55M	57.86M
Net Rental Expense, Total	4.33M	6.11M	5.33M	5.25M	4.57M
Imputed Operating Lease Interest Expense	1.3M	1.83M	1.58M	1.64M	1.23M
Imputed Operating Lease Depreciation	3.03M	4.28M	3.75M	3.61M	3.34M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.96B	3.35B	2.56B	4.36B	3.09B
Short Term Investments	955M	808M	1.21B	843M	447M
Trading Asset Securities, Total	-	13.24M	12.26M	365M	173M
Total Cash And Short Term Investments	3.92B	4.17B	3.79B	5.57B	3.71B
Accounts Receivable, Total	951M	1.41B	1.13B	2.64B	3.37B
Other Receivables	334M	506M	543M	600M	597M
Total Receivables	1.29B	1.92B	1.68B	3.24B	3.97B
Inventory	234M	270M	378M	444M	324M
Other Current Assets, Total	28.25M	44.77M	7.39B	111M	114M
Total Current Assets	5.46B	6.41B	13.23B	9.36B	8.12B
Gross Property Plant And Equipment	3.44B	5.06B	3.08B	6.79B	10.06B
Accumulated Depreciation	-596M	-751M	-760M	-966M	-1.28B
Net Property Plant And Equipment	2.85B	4.31B	2.32B	5.82B	8.79B
Long-term Investments	25.92B	31.17B	35.85B	36.99B	37.8B
Goodwill	-	-	-	135M	187M
Other Intangibles, Total	3.92B	6.37B	10.01B	16.69B	19.66B
Accounts Receivable Long-Term	3.35B	4.95B	5.28B	6.32B	5.8B
Deferred Tax Assets Long-Term	54.08M	63.09M	76.14M	62.4M	92.98M
Other Long-Term Assets, Total	614M	1.07B	2.15B	-	-
Total Assets	42.17B	54.33B	68.92B	75.38B	80.46B
Liabilities
Accounts Payable, Total	2.6B	3.36B	3.5B	3.9B	3.61B
Current Portion of Long-Term Debt	665M	1.28B	603M	4.57B	1.27B
Current Portion of Leases	2.97M	2.65M	5.94M	8.05M	11.73M
Current Income Taxes Payable	112M	139M	174M	188M	140M
Unearned Revenue Current, Total	27.52M	62.15M	57.07M	56.4M	71.34M
Other Current Liabilities	474M	840M	4.68B	1.63B	1.35B
Total Current Liabilities	3.88B	5.69B	9.02B	10.35B	6.45B
Long-Term Debt	5.49B	8.59B	13.14B	17.5B	25.75B
Long-Term Leases	3.05M	397K	4.81M	20.03M	26.19M
Unearned Revenue Non Current	-	-	-	97.83M	221M
Deferred Tax Liability Non Current	35M	67.69M	100M	240M	259M
Total Liabilities	9.41B	14.35B	22.26B	28.21B	32.71B
Common Stock, Total	14.35M	14.35M	14.53M	14.41M	14.41M
Additional Paid In Capital	-	-	671M	16.16M	16.16M
Retained Earnings	29.93B	36.49B	42.88B	43.23B	45.02B
Treasury Stock	-	-	-	-	-17.22M
Comprehensive Income and Other	1.91B	2.06B	1.7B	1.6B	1.28B
Total Common Equity	31.85B	38.56B	45.27B	44.86B	46.32B
Minority Interest	909M	1.41B	1.39B	2.31B	1.44B
Total Equity	32.76B	39.98B	46.66B	47.17B	47.75B
Total Liabilities And Equity	42.17B	54.33B	68.92B	75.38B	80.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.8B	1.8B	1.83B	1.81B	1.81B
ECS Total Common Shares Outstanding	1.8B	1.8B	1.83B	1.81B	1.81B
Book Value / Share	17.65	21.37	24.78	24.74	25.59
Tangible Book Value	27.94B	32.2B	35.26B	28.04B	26.46B
Tangible Book Value Per Share	15.48	17.84	19.3	15.47	14.62
Total Debt	6.16B	9.88B	13.75B	22.09B	27.06B
Net Debt	2.25B	5.71B	9.97B	16.53B	23.34B
Debt Equivalent Oper. Leases	34.65M	48.88M	42.62M	41.98M	36.59M
Minority Interest, Total (Incl. Fin. Div)	909M	1.41B	1.39B	2.31B	1.44B
Equity Method Investments, Total	25.92B	31.09B	35.77B	36.9B	37.69B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	70.55M	57.68M	103M	114M	106M
Inventories - Work In Process, Total	61.58M	86.4M	138M	78.98M	99.69M
Inventories - Finished Goods, Total	102M	126M	138M	252M	118M
Machinery, Total	2.63B	3.28B	1.57B	3.19B	4.5B
Full Time Employees	3.94K	5.46K	7.09K	5.55K	6.22K
Accumulated Allowance for Doubtful Accounts (Supple)	44.54M	56.16M	55.33M	101M	127M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	7B	7.62B	7.46B	15.96B	2.46B
Depreciation & Amortization - CF	131M	181M	111M	205M	307M
Amortization of Goodwill and Intangible Assets - (CF)	33.58M	97.04M	186M	476M	617M
Depreciation & Amortization, Total	165M	278M	298M	681M	924M
Amortization of Deferred Charges, Total - (CF)	237K	469K	-	-	1.92M
(Gain) Loss From Sale Of Asset	26.26M	82K	-197K	-1.75M	59K
(Gain) Loss on Sale of Investments - (CF)	-	7.41M	128K	34.25M	-1.92M
Asset Writedown & Restructuring Costs	-	-	7.67M	-	1.94M
(Income) Loss On Equity Investments - (CF)	-6.03B	-6.39B	-6.18B	-2.94B	-1.67B
Provision and Write-off of Bad Debts	-5.74M	11.68M	22.45M	-7.73M	21.32M
Net Cash From Discontinued Operations	-	-	833M	118M	-
Other Operating Activities, Total	256M	304M	-215M	-11.44B	711M
Change In Accounts Receivable	-473M	-585M	-925M	-1.4B	-521M
Change In Inventories	-71.16M	-33.44M	-116M	-48.29M	126M
Change In Accounts Payable	567M	1.12B	786M	422M	-548M
Change in Unearned Revenues	13.34M	34.64M	11.84M	99.25M	142M
Change in Other Net Operating Assets	-1.08B	-1.64B	-675M	334M	337M
Cash from Operations	365M	715M	1.31B	1.81B	1.99B
Capital Expenditure	-2.67B	-4.27B	-6.2B	-5.36B	-5.28B
Sale of Property, Plant, and Equipment	1.97M	1.63M	3.41M	3.02M	3.03M
Cash Acquisitions	-	-20.13M	-1.07B	-817M	-580M
Investment in Marketable and Equity Securities, Total	1.1B	56.93M	-508M	68.41M	475M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	1.06B	1.1B	766M	1.26B	807M
Cash from Investing	-514M	-3.12B	-7.01B	-4.85B	-4.57B
Long-Term Debt Issued, Total	2.13B	5.09B	9.61B	11.55B	12.3B
Total Debt Issued	2.13B	5.09B	9.61B	11.55B	12.3B
Long-Term Debt Repaid, Total	-820M	-1.27B	-2.73B	-6.01B	-8.35B
Total Debt Repaid	-820M	-1.27B	-2.73B	-6.01B	-8.35B
Repurchase of Common Stock	-	-	-	-236M	-17.22M
Common Dividends Paid	-874M	-1.06B	-1.06B	-1.09B	-670M
Common & Preferred Stock Dividends Paid	-874M	-1.06B	-1.06B	-1.09B	-670M
Other Financing Activities, Total	-53.56M	84.38M	-305M	559M	-1.89B
Cash from Financing	386M	2.85B	5.52B	4.78B	1.38B
Foreign Exchange Rate Adjustments	51.47M	-52.35M	-12.67M	5.32M	-56.66M
Miscellaneous Cash Flow Adjustments	-	-	-596M	-542M	-
Net Change in Cash	288M	388M	-790M	1.21B	-1.27B
Supplemental Items
Cash Interest Paid	73.59M	196M	360M	588M	687M
Cash Income Tax Paid (Refund)	232M	259M	279M	358M	313M
Levered Free Cash Flow	-912M	-2.59B	-8.47B	-832M	-4.89B
Unlevered Free Cash Flow	-801M	-2.45B	-8.28B	-457M	-4.43B
Change In Net Working Capital	-770M	-505M	3.21B	-3.02B	1.22B
Net Debt Issued / Repaid	1.31B	3.82B	6.88B	5.55B	3.95B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.48	2.15	1.35	1.67	1.47
Return on Total Capital	2.67	2.34	1.51	1.86	1.58
Return On Equity %	24.13	21.32	16.05	8.7	5.65
Return on Common Equity	24.29	21.64	16.47	8.55	5.4
Margin Analysis
Gross Profit Margin %	34.21	33.17	24.66	28.23	27.18
SG&A Margin	7.18	8.05	6.35	6.98	7.92
EBITDA Margin %	32.21	29.09	24.05	32.7	33.81
EBITA Margin %	29.83	26.58	22.69	30.49	30.49
EBIT Margin %	29.17	25.11	19.9	24.46	22.79
Income From Continuing Operations Margin %	139.57	117.38	104.08	51.71	33.47
Net Income Margin %	136.63	115.34	111.64	202.11	30.74
Net Avail. For Common Margin %	136.63	115.34	103.36	48.78	30.74
Normalized Net Income Margin	87.87	74.14	67.19	31.79	19.65
Levered Free Cash Flow Margin	-17.81	-39.26	-126.82	-10.53	-60.96
Unlevered Free Cash Flow Margin	-15.64	-37.04	-123.91	-5.79	-55.28
Asset Turnover
Asset Turnover	0.14	0.14	0.11	0.11	0.1
Fixed Assets Turnover	2.24	1.85	2.02	1.94	1.1
Receivables Turnover (Average Receivables)	5.78	5.59	5.24	4.18	2.67
Inventory Turnover (Average Inventory)	16.99	17.52	15.53	13.78	15.2
Short Term Liquidity
Current Ratio	1.41	1.13	1.47	0.9	1.26
Quick Ratio	1.34	1.07	0.61	0.85	1.19
Operating Cash Flow to Current Liabilities	0.09	0.13	0.15	0.17	0.31
Days Sales Outstanding (Average Receivables)	63.18	65.53	69.59	87.22	136.91
Days Outstanding Inventory (Average Inventory)	21.49	20.89	23.51	26.49	24.02
Average Days Payable Outstanding	223.47	245.02	243.36	235.32	239.6
Cash Conversion Cycle (Average Days)	-138.81	-158.61	-150.26	-121.61	-78.67
Long Term Solvency
Total Debt/Equity	18.81	24.71	29.47	46.84	56.66
Total Debt / Total Capital	15.83	19.82	22.76	31.9	36.17
LT Debt/Equity	16.77	21.5	28.17	37.13	53.99
Long-Term Debt / Total Capital	14.12	17.24	21.76	25.29	34.46
Total Liabilities / Total Assets	22.31	26.41	32.3	37.42	40.65
EBIT / Interest Expense	8.41	7.08	4.27	3.22	2.51
EBITDA / Interest Expense	9.34	8.26	5.23	4.36	3.78
(EBITDA - Capex) / Interest Expense	-5.69	-9.94	-14.7	-4.59	-3.47
Total Debt / EBITDA	3.72	5.1	8.45	8.46	9.84
Net Debt / EBITDA	1.35	2.95	6.12	6.33	8.49
Total Debt / (EBITDA - Capex)