Balance Sheet China Dongxiang (Group) Co., Ltd.

Equities

3818

KYG2112Y1098

Apparel & Accessories

Market Closed - Hong Kong S.E. Other stock markets 04:08:32 2024-09-05 am EDT			5-day change	1st Jan Change
0.2750 ^HKD	+1.85%		-1.79%	-3.51%

Jul. 19	China Dongxiang Logs Drop in Fiscal Q1 Retail Performance	MT
Jul. 19	China Dongxiang Co., Ltd. Reports Same Store Sales Results for the First Quarter Ended 30 June 2024	CI

084254a6864e258e2e.EcHncnob8x6YjE2PPk30qGlGHQrYeJQDWSMYDOewbO8.Y-yQQStZo1XOzzm9d3WF7h8qWFKTJ_1udHZKPImENLoo8qsFLX-wLNnqDA

Published financial data: CHINA DONGXIANG (GROUP) CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1.84B	1.97B	1.92B	1.68B	1.74B
Total Revenues	1.84B	1.97B	1.92B	1.68B	1.74B
Cost of Goods Sold, Total	732M	651M	794M	615M	552M
Gross Profit	1.11B	1.32B	1.12B	1.06B	1.19B
Selling General & Admin Expenses, Total	1.25B	1.33B	1.38B	1.14B	1.2B
Provision for Bad Debts	-	-	7.83M	258K	-1.09M
Other Operating Expenses	-456M	-1.48B	1.61B	-43.38M	878M
Other Operating Expenses, Total	797M	-153M	3B	1.09B	2.07B
Operating Income	312M	1.47B	-1.88B	-29.98M	-881M
Interest Expense, Total	-18.44M	-12.73M	-11.39M	-9.78M	-2.34M
Interest And Investment Income	162M	350M	136M	99.14M	115M
Net Interest Expenses	143M	337M	125M	89.35M	113M
Income (Loss) On Equity Invest.	-30.78M	-25.1M	405K	-3.85M	78K
Currency Exchange Gains (Loss)	2.89M	-37.98M	-12.88M	52.5M	9.92M
Other Non Operating Income (Expenses)	-435K	-495K	-952K	-1.89M	-1.16M
EBT, Excl. Unusual Items	427M	1.75B	-1.76B	106M	-760M
Gain (Loss) On Sale Of Investments	18.25M	284M	607K	67.86M	34K
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	445M	2.03B	-1.76B	174M	-760M
Income Tax Expense	85.7M	165M	-34.1M	59M	-120M
Earnings From Continuing Operations	360M	1.86B	-1.73B	115M	-639M
Earnings Of Discontinued Operations	-	-54.63M	-19.5M	-	-
Net Income to Company	360M	1.81B	-1.75B	115M	-639M
Minority Interest	6.59M	1.15M	1.76M	-	-
Net Income - (IS)	366M	1.81B	-1.75B	115M	-639M
Net Income to Common Incl Extra Items	366M	1.81B	-1.75B	115M	-639M
Net Income to Common Excl. Extra Items	366M	1.87B	-1.73B	115M	-639M
Per Share Items
Net EPS - Basic	0.06	0.31	-0.3	0.02	-0.11
Basic EPS - Continuing Operations	0.06	0.32	-0.29	0.02	-0.11
Basic Weighted Average Shares Outstanding	5.86B	5.86B	5.86B	5.86B	5.86B
Net EPS - Diluted	0.06	0.31	-0.3	0.02	-0.11
Diluted EPS - Continuing Operations	0.06	0.32	-0.29	0.02	-0.11
Diluted Weighted Average Shares Outstanding	5.86B	5.86B	5.86B	5.86B	5.86B
Normalized Basic EPS	0.05	0.19	-0.19	0.01	-0.08
Normalized Diluted EPS	0.05	0.19	-0.19	0.01	-0.08
Dividend Per Share	0.02	0.09	-	0	-
Payout Ratio	46.71	21.75	-11.99	-	-10.91
American Depositary Receipts Ratio (ADR)	50	50	50	50	50
Supplemental Items
EBITDA	331M	1.49B	-1.86B	-8.16M	-818M
EBITA	320M	1.48B	-1.87B	-22.74M	-874M
EBIT	312M	1.47B	-1.88B	-29.98M	-881M
EBITDAR	367M	1.53B	-1.83B	20.78M	-783M
Effective Tax Rate - (Ratio)	19.24	8.15	1.93	33.91	15.83
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	54.64M	11.15M	24.9M	16.36M	61.67M
Total Deferred Taxes	31.06M	153M	-58.99M	42.64M	-182M
Normalized Net Income	274M	1.09B	-1.1B	66.34M	-475M
Interest on Long-Term Debt	4.05M	4.04M	4.14M	3.25M	2.34M
Non-Cash Pension Expense	11.46M	2.38M	5.06M	7.8M	10.69M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	386M
Selling and Marketing Expenses	1.08B	1.16B	1.2B	1.03B	1.03B
General and Administrative Expenses	174M	156M	164M	107M	158M
Research And Development Expense From Footnotes	41.53M	26.45M	31.57M	37.45M	40.53M
Net Rental Expense, Total	36.09M	38.86M	34.5M	28.95M	34.9M
Imputed Operating Lease Interest Expense	12.28M	14.25M	14M	15.61M	13.53M
Imputed Operating Lease Depreciation	23.81M	24.61M	20.51M	13.34M	21.37M
Stock-Based Comp., Other (Total)	1.48M	2.1M	13.28M	-14.17M	3.52M
Total Stock-Based Compensation	1.48M	2.1M	13.28M	-14.17M	3.52M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.06B	1.82B	1.52B	2.56B	1.76B
Short Term Investments	136M	87.12M	54.85M	31.76M	1.29B
Trading Asset Securities, Total	3.26B	3.47B	2.25B	1.38B	771M
Total Cash And Short Term Investments	5.46B	5.38B	3.83B	3.97B	3.83B
Accounts Receivable, Total	141M	181M	154M	149M	143M
Other Receivables	42.5M	9.25M	45.07M	7.83M	14.16M
Notes Receivable	567M	511M	796M	288M	205M
Total Receivables	750M	701M	995M	445M	362M
Inventory	457M	370M	398M	336M	286M
Restricted Cash	-	134K	27.87M	68K	1.77M
Other Current Assets, Total	70.48M	32.65M	23.8M	14.71M	12.35M
Total Current Assets	6.74B	6.49B	5.27B	4.77B	4.49B
Gross Property Plant And Equipment	366M	354M	380M	432M	461M
Accumulated Depreciation	-169M	-180M	-190M	-192M	-250M
Net Property Plant And Equipment	197M	174M	190M	239M	212M
Long-term Investments	3.81B	5.03B	4.53B	4.53B	4.13B
Other Intangibles, Total	206M	183M	176M	167M	160M
Loans Receivable Long-Term	442M	450M	70.47M	621M	557M
Deferred Tax Assets Long-Term	188M	143M	179M	146M	155M
Other Long-Term Assets, Total	116M	170M	64.19M	107M	43.63M
Total Assets	11.69B	12.64B	10.49B	10.58B	9.74B
Liabilities
Accounts Payable, Total	148M	126M	230M	158M	125M
Accrued Expenses, Total	123M	128M	88.56M	82.23M	132M
Short-term Borrowings	197M	127M	156M	-	-
Current Portion of Long-Term Debt	49.66M	-	-	-	-
Current Portion of Leases	44.52M	47.97M	49.13M	39.98M	24.15M
Current Income Taxes Payable	42.17M	15.62M	12.23M	6.99M	12.86M
Unearned Revenue Current, Total	96.52M	83.28M	109M	97.23M	86.17M
Deferred Tax Liability Current	-	577K	-	-	-
Other Current Liabilities	91.17M	193M	145M	184M	118M
Total Current Liabilities	792M	721M	790M	568M	498M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	48.58M	41.64M	27.56M	17.58M	14.75M
Deferred Tax Liability Non Current	232M	339M	317M	326M	153M
Other Non Current Liabilities	1.24M	-	-	-	-
Total Liabilities	1.07B	1.1B	1.13B	911M	666M
Common Stock, Total	56.47M	56.47M	56.48M	56.48M	56.48M
Additional Paid In Capital	1.03B	1.03B	1.03B	1.03B	965M
Retained Earnings	9.27B	10.58B	8.53B	7.98B	7.34B
Comprehensive Income and Other	253M	-134M	-270M	594M	713M
Total Common Equity	10.61B	11.53B	9.35B	9.67B	9.07B
Minority Interest	4.2M	3.16M	-	-	-
Total Equity	10.62B	11.54B	9.35B	9.67B	9.07B
Total Liabilities And Equity	11.69B	12.64B	10.49B	10.58B	9.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.86B	5.86B	5.86B	5.86B	5.86B
ECS Total Common Shares Outstanding	5.86B	5.86B	5.86B	5.86B	5.86B
Book Value / Share	1.81	1.97	1.59	1.65	1.55
Tangible Book Value	10.41B	11.35B	9.18B	9.5B	8.91B
Tangible Book Value Per Share	1.77	1.94	1.56	1.62	1.52
Total Debt	339M	216M	233M	57.56M	38.9M
Net Debt	-5.12B	-5.17B	-3.6B	-3.92B	-3.79B
Debt Equivalent Oper. Leases	289M	311M	276M	232M	279M
Minority Interest, Total (Incl. Fin. Div)	4.2M	3.16M	-	-	-
Equity Method Investments, Total	117M	94.66M	45.2M	20.73M	7.69M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.91M	1.41M	2.04M	2.03M	2.41M
Inventories - Work In Process, Total	15.71M	8.84M	16.46M	5.07M	-
Inventories - Finished Goods, Total	590M	445M	569M	481M	398M
Land - (BS)	25.24M	23.48M	22.51M	23.97M	21.65M
Buildings, Total	98.75M	96.23M	120M	160M	144M
Machinery, Total	69.98M	57.72M	60.58M	60.37M	59.23M
Full Time Employees	327	627	627	471	350
Accumulated Allowance for Doubtful Accounts (Supple)	39.46M	9.31M	16.89M	16.86M	13.3M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	366M	1.81B	-1.75B	115M	-639M
Depreciation & Amortization - CF	44.03M	71.91M	64.4M	66.96M	93.52M
Amortization of Goodwill and Intangible Assets - (CF)	7.78M	7.48M	7.24M	7.24M	7.24M
Depreciation & Amortization, Total	51.81M	79.39M	71.64M	74.2M	101M
Amortization of Deferred Charges, Total - (CF)	2.35M	1.92M	1.7M	1.28M	675K
(Gain) Loss From Sale Of Asset	-314K	-75.46M	-	120K	2.12M
(Gain) Loss on Sale of Investments - (CF)	-399M	-1.73B	1.63B	-83.09M	939M
Asset Writedown & Restructuring Costs	-	7.16M	1.54M	485K	-
(Income) Loss On Equity Investments - (CF)	30.78M	25.1M	-405K	3.85M	-78K
Stock-Based Compensation (CF)	1.48M	2.1M	13.28M	-14.17M	3.52M
Provision and Write-off of Bad Debts	-	-	-	-	-
Net Cash From Discontinued Operations	-	-55.61M	-19.5M	-	-
Other Operating Activities, Total	-175M	-215M	-54.94M	-119M	-308M
Change In Accounts Receivable	15.7M	30.4M	29.68M	46.74M	11.65M
Change In Inventories	-31.04M	151M	-132M	99.1M	87.79M
Change In Accounts Payable	26.8M	37.36M	21.34M	-50.57M	2.04M
Change in Other Net Operating Assets	-	-134K	-27.74M	27.8M	-1.7M
Cash from Operations	-110M	66.74M	-211M	102M	199M
Capital Expenditure	-3.02M	-3.5M	-38.26M	-71.33M	-54.8M
Sale of Property, Plant, and Equipment	7.96M	97.5M	1.21M	-	5.38M
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-764K	-459K	-13.13M	-2K	-627K
Investment in Marketable and Equity Securities, Total	1.71B	395M	-2.52B	-2.42B	-3.71B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-193M	-355M	83.9M	41.44M	39.97M
Other Investing Activities, Total	171M	343M	2.76B	3.63B	2.79B
Cash from Investing	1.69B	476M	277M	1.18B	-924M
Short Term Debt Issued, Total	-	-	207M	68.77M	-
Long-Term Debt Issued, Total	414M	320M	-	-	-
Total Debt Issued	414M	320M	207M	68.77M	-
Short Term Debt Repaid, Total	-	-	-175M	-244M	-
Long-Term Debt Repaid, Total	-772M	-482M	-59.42M	-57.44M	-40.04M
Total Debt Repaid	-772M	-482M	-234M	-301M	-40.04M
Issuance of Common Stock	-	-	953K	-	-
Common Dividends Paid	-171M	-394M	-209M	-	-69.77M
Common & Preferred Stock Dividends Paid	-171M	-394M	-209M	-	-69.77M
Special Dividend Paid	-67.1M	-108M	-91.12M	-68.88M	-
Other Financing Activities, Total	271M	-8.79M	-7.24M	-6.53M	-
Cash from Financing	-325M	-673M	-335M	-308M	-110M
Foreign Exchange Rate Adjustments	42.42M	-109M	-30.85M	64.77M	41.52M
Net Change in Cash	1.3B	-239M	-300M	1.03B	-793M
Supplemental Items
Cash Interest Paid	14.39M	8.79M	7.24M	6.53M	-
Cash Income Tax Paid (Refund)	141M	37.7M	28.28M	21.6M	55.8M
Levered Free Cash Flow	844M	1.21B	-1.45B	558M	-424M
Unlevered Free Cash Flow	855M	1.22B	-1.44B	564M	-422M
Change In Net Working Capital	-608M	-220M	303M	-593M	-78.84M
Net Debt Issued / Repaid	-358M	-162M	-27.7M	-232M	-40.04M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.67	7.56	-10.14	-0.18	-5.42
Return on Total Capital	1.79	8.1	-10.99	-0.19	-5.85
Return On Equity %	3.45	16.83	-16.56	1.21	-6.82
Return on Common Equity	3.51	16.85	-16.54	1.21	-6.82
Margin Analysis
Gross Profit Margin %	60.22	66.97	58.58	63.35	68.36
SG&A Margin	68.01	67.3	71.79	67.7	68.61
EBITDA Margin %	17.96	75.57	-97.13	-0.49	-46.92
EBITA Margin %	17.38	75.11	-97.52	-1.35	-50.11
EBIT Margin %	16.96	74.73	-97.9	-1.79	-50.52
Income From Continuing Operations Margin %	19.54