CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

Balance Sheet China Evergrande New Energy Vehicle Group Limited

Equities

708 HK0000264595

Homebuilding

Market Closed - Hong Kong S.E. Other stock markets 04:08:16 2024-09-16 am EDT			5-day change	1st Jan Change
0.2500 ^HKD	-10.71%		+10.62%	-50.98%

Sep. 05	Evergrande NEV's Shanghai Unit Faces Bankruptcy Proceedings	MT
Sep. 05	Evergrande Auto Considers Defending Bankruptcy Petition in Shanghai -- Update	DJ

96cb3a264dabb676a15d9831f33.2jT3HHKaMRD6ZpFXkxBtHKlFPF5bwGWD-Sah7vXRr_g.91fGZQHSVj2bLfsjy2ZActwRXhcijy7tvWvwvqq645SUZ9pMPataf7QtoQ

Published financial data: CHINA EVERGRANDE NEW ENERGY VEHICLE GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.64B	15.49B	2.53B	134M	1.34B
Total Revenues	5.64B	15.49B	2.53B	134M	1.34B
Cost of Goods Sold, Total	3.75B	12.79B	20.17B	228M	1.52B
Gross Profit	1.89B	2.69B	-17.64B	-93.86M	-175M
Selling General & Admin Expenses, Total	3.85B	6.31B	9.78B	2.81B	2.61B
Other Operating Expenses	-90.9M	-50.79M	556M	439M	1.02B
Other Operating Expenses, Total	3.76B	6.26B	10.34B	3.25B	3.62B
Operating Income	-1.87B	-3.57B	-27.98B	-3.35B	-3.8B
Interest Expense, Total	-2.37B	-2.84B	-2.7B	-1.23B	-1.92B
Interest And Investment Income	149M	146M	92.31M	8.11M	4.6M
Net Interest Expenses	-2.22B	-2.7B	-2.61B	-1.22B	-1.92B
Income (Loss) On Equity Invest.	-53.69M	-59.17M	-104M	-	-
Currency Exchange Gains (Loss)	-34.3M	157M	70.91M	-83.61M	374M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-4.18B	-6.16B	-30.62B	-4.65B	-5.34B
Impairment of Goodwill	-	-232M	-5.3B	-	-
Gain (Loss) On Sale Of Investments	-182M	-64.72M	-3.68B	-2.5B	-1B
Gain (Loss) On Sale Of Assets	-	-	-747M	-381M	204M
Asset Writedown	-161M	-934M	-9.44B	-8.25B	-4.81B
Legal Settlements	-	-	-2.9B	-	-
Other Unusual Items	-	-	-4.59B	-	-
EBT, Incl. Unusual Items	-4.53B	-7.4B	-57.28B	-15.78B	-10.95B
Income Tax Expense	421M	270M	-935M	-931M	-17.74M
Earnings From Continuing Operations	-4.95B	-7.66B	-56.34B	-14.85B	-10.93B
Earnings Of Discontinued Operations	-	-	-	-12.81B	-1.06B
Net Income to Company	-4.95B	-7.66B	-56.34B	-27.66B	-12B
Minority Interest	521M	271M	69.84M	3.35M	60.91M
Net Income - (IS)	-4.43B	-7.39B	-56.27B	-27.66B	-11.93B
Net Income to Common Incl Extra Items	-4.43B	-7.39B	-56.27B	-27.66B	-11.93B
Net Income to Common Excl. Extra Items	-4.43B	-7.39B	-56.27B	-14.85B	-10.87B
Per Share Items
Net EPS - Basic	-0.51	-0.85	-5.85	-2.55	-1.1
Basic EPS - Continuing Operations	-0.51	-0.85	-5.85	-1.37	-1
Basic Weighted Average Shares Outstanding	8.64B	8.69B	9.61B	10.84B	10.84B
Net EPS - Diluted	-0.51	-0.85	-5.85	-2.55	-1.1
Diluted EPS - Continuing Operations	-0.51	-0.85	-5.85	-1.37	-1
Diluted Weighted Average Shares Outstanding	8.64B	8.69B	9.61B	10.84B	10.84B
Normalized Basic EPS	-0.24	-0.41	-1.98	-0.27	-0.3
Normalized Diluted EPS	-0.24	-0.41	-1.98	-0.27	-0.3
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	-1.16B	-2.54B	-26.76B	-2.31B	-3.29B
EBITA	-1.56B	-3.05B	-27.64B	-2.71B	-3.66B
EBIT	-1.87B	-3.57B	-27.98B	-3.35B	-3.8B
EBITDAR	-1.12B	-2.47B	-26.73B	-2.25B	-3.26B
Effective Tax Rate - (Ratio)	-9.3	-3.65	1.63	5.9	0.16
Current Domestic Taxes	569M	882M	99.87M	8.8M	29.75M
Total Current Taxes	569M	882M	99.87M	8.8M	29.75M
Deferred Domestic Taxes	-	-613M	-1.03B	-940M	-47.49M
Total Deferred Taxes	-148M	-613M	-1.03B	-940M	-47.49M
Normalized Net Income	-2.09B	-3.58B	-19.07B	-2.9B	-3.28B
Interest Capitalized	1.42B	4.17B	1.71B	-	2.3M
Interest on Long-Term Debt	85.06M	6.96B	3.22B	1.03B	1.07B
Supplemental Operating Expense Items
Advertising Expense	466M	1.56B	-	-	-
Selling and Marketing Expenses	868M	2.24B	4.05B	196M	255M
General and Administrative Expenses	2.98B	4.07B	5.73B	2.62B	2.35B
Research And Development Expense From Footnotes	418M	2.18B	6.14B	1.51B	4.07B
Net Rental Expense, Total	34.44M	79.27M	33.18M	63.79M	21.53M
Imputed Operating Lease Interest Expense	26.9M	65.45M	20.42M	18.4M	12.41M
Imputed Operating Lease Depreciation	7.54M	13.82M	12.75M	45.4M	9.13M
Stock-Based Comp., SG&A Exp. (Total)	-	81.83M	395M	233M	71.84M
Stock-Based Comp., Other (Total)	-	60.95M	324M	198M	50.31M
Total Stock-Based Compensation	-	143M	719M	431M	122M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	9.86B	10.48B	2.45B	220M	129M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	2.26B	134M	746K
Total Cash And Short Term Investments	9.86B	10.48B	4.71B	354M	130M
Accounts Receivable, Total	741M	990M	113M	62.76M	40M
Other Receivables	2.9B	4.67B	14.29B	4.07B	18.09B
Total Receivables	3.64B	5.66B	14.41B	4.14B	18.13B
Inventory	32.5B	74.12B	80.15B	2.97B	394M
Prepaid Expenses	992M	2.32B	4.41B	461M	544M
Restricted Cash	2.42B	3.67B	2.81B	19.39M	17.9M
Other Current Assets, Total	7.59B	6.99B	3.37B	84.88B	130M
Total Current Assets	56.99B	103B	110B	92.82B	19.34B
Gross Property Plant And Equipment	15.35B	23.63B	30.37B	26.72B	25.16B
Accumulated Depreciation	-1.62B	-1.86B	-5.47B	-9.27B	-10.69B
Net Property Plant And Equipment	13.72B	21.77B	24.9B	17.46B	14.47B
Long-term Investments	5.93B	5.92B	760M	259M	197M
Goodwill	6.19B	6.24B	-	-	-
Other Intangibles, Total	5.61B	4.44B	2.16B	342M	172M
Accounts Receivable Long-Term	73.74M	139M	-	-	-
Deferred Tax Assets Long-Term	71.22M	308M	151M	8.96M	78K
Deferred Charges Long-Term	2.54B	6.32B	4.57B	4.2B	615M
Other Long-Term Assets, Total	2.28B	1.71B	1.19B	124M	59.66M
Total Assets	93.41B	150B	144B	115B	34.85B
Liabilities
Accounts Payable, Total	13.17B	39.36B	41.65B	10.53B	9.65B
Accrued Expenses, Total	2.83B	6.19B	4.51B	5.87B	26.85B
Short-term Borrowings	-	-	-	13.67B	13.96B
Current Portion of Long-Term Debt	15.17B	16.29B	29.39B	-	-
Current Portion of Leases	214M	214M	319M	339M	329M
Current Income Taxes Payable	1.01B	1.61B	393M	1.31B	73.76M
Unearned Revenue Current, Total	2.44B	23.46B	65.25B	3.31B	41.41M
Other Current Liabilities	8.28B	7.42B	25.58B	133B	6.51B
Total Current Liabilities	43.12B	94.54B	167B	168B	57.42B
Long-Term Debt	47.21B	55.92B	11.27B	12.31B	12.52B
Long-Term Leases	223M	589M	695M	284M	1.95M
Unearned Revenue Non Current	1.55B	2.64B	2.82B	2.78B	2.6B
Deferred Tax Liability Non Current	2.59B	2.22B	1.02B	56.36M	-
Total Liabilities	94.7B	156B	183B	184B	72.54B
Common Stock, Total	251M	251M	251M	28.12B	28.12B
Additional Paid In Capital	-	3.51B	27.87B	-	-
Retained Earnings	-5.35B	-12.74B	-70.94B	-98.6B	-111B
Comprehensive Income and Other	-2.4B	2.93B	3.52B	1.87B	45.07B
Total Common Equity	-7.5B	-6.05B	-39.29B	-68.6B	-37.64B
Minority Interest	6.2B	212M	-47.08M	-50.09M	-48.2M
Total Equity	-1.3B	-5.84B	-39.34B	-68.65B	-37.69B
Total Liabilities And Equity	93.41B	150B	144B	115B	34.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.64B	8.82B	10.84B	10.84B	10.84B
ECS Total Common Shares Outstanding	8.64B	8.82B	10.84B	10.84B	10.84B
Book Value / Share	-0.87	-0.69	-3.62	-6.33	-3.47
Tangible Book Value	-19.3B	-16.74B	-41.45B	-68.94B	-37.82B
Tangible Book Value Per Share	-2.23	-1.9	-3.82	-6.36	-3.49
Total Debt	62.82B	73.01B	41.68B	26.61B	26.82B
Net Debt	52.97B	62.53B	36.97B	26.25B	26.69B
Debt Equivalent Oper. Leases	276M	634M	265M	510M	172M
Minority Interest, Total (Incl. Fin. Div)	6.2B	212M	-47.08M	-50.09M	-48.2M
Equity Method Investments, Total	1.21B	1.46B	258M	-	34.3M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	171M	148M	80.88M	378M	228M
Inventories - Work In Process, Total	29.45B	61.23B	73.41B	2.5B	117M
Inventories - Finished Goods, Total	2.88B	12.73B	6.66B	89.11M	48.93M
Inventories - Others	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	4.55B	4.8B	4.63B	3.45B	3.46B
Machinery, Total	2.27B	2.36B	2.64B	1.83B	1.66B
Full Time Employees	9.21K	8.8K	6.29K	4.51K	1.34K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	40.02M	41.92M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-4.43B	-7.39B	-56.27B	-27.66B	-11.93B
Depreciation & Amortization - CF	563M	659M	1.16B	483M	592M
Amortization of Goodwill and Intangible Assets - (CF)	307M	512M	340M	637M	141M
Depreciation & Amortization, Total	870M	1.17B	1.5B	1.12B	733M
Amortization of Deferred Charges, Total - (CF)	131M	-88.78M	302M	68.44M	399M
(Gain) Loss From Sale Of Asset	-	-	290M	381M	-204M
(Gain) Loss on Sale of Investments - (CF)	132M	27.7M	1.38B	2.42B	99.31M
Asset Writedown & Restructuring Costs	161M	1.17B	11.82B	8.27B	4.82B
(Income) Loss On Equity Investments - (CF)	53.69M	59.17M	104M	18.92M	-
Stock-Based Compensation (CF)	-	143M	719M	431M	122M
Provision and Write-off of Bad Debts	-	-	1.48B	314M	3.52M
Net Cash From Discontinued Operations	-	-	-	-11.19B	-841M
Other Operating Activities, Total	203M	-3.34B	15.74B	13.13B	3.43B
Change In Accounts Receivable	-3.11B	-4.15B	-12.41B	-1.39B	-21.8B
Change In Inventories	-20.1B	-39.5B	-13.1B	11.02B	280M
Change In Accounts Payable	12.3B	51.2B	55.81B	-330M	27.06B
Change in Unearned Revenues	17.26M	-	-	-	-
Change in Other Net Operating Assets	-2.03B	-1.25B	1.13B	2.93B	-2.43B
Cash from Operations	-15.8B	-1.96B	8.5B	-465M	-251M
Capital Expenditure	-3.73B	-5.88B	-8.59B	-636M	-1.14B
Sale of Property, Plant, and Equipment	5.36M	3.09M	690M	727M	702M
Cash Acquisitions	-10.88B	-5.62M	-	-	-
Divestitures	-	-	192M	-	-169M
Sale (Purchase) of Real Estate properties	-	-	-	183M	-
Sale (Purchase) of Intangible assets	-1.18B	-3.82B	84.58M	-1.47B	-51.33M
Investment in Marketable and Equity Securities, Total	-955M	622M	1.3B	213M	153M
Other Investing Activities, Total	-654M	-31.63M	92.31M	29.74M	4.6M
Cash from Investing	-17.4B	-9.11B	-6.23B	-956M	-499M
Long-Term Debt Issued, Total	47.02B	42.39B	14.88B	1.04B	413M
Total Debt Issued	47.02B	42.39B	14.88B	1.04B	413M
Long-Term Debt Repaid, Total	-7.5B	-30.63B	-49.49B	-1.42B	-243M
Total Debt Repaid	-7.5B	-30.63B	-49.49B	-1.42B	-243M
Issuance of Common Stock	-	3.35B	24.36B	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	1.99B	-3.58B	-42.74M	60.03M	-
Cash from Financing	41.52B	11.54B	-10.28B	-319M	170M
Foreign Exchange Rate Adjustments	-34.3M	157M	-11.4M	-3.43M	347K
Miscellaneous Cash Flow Adjustments	-	-	-	-489M	-
Net Change in Cash	8.29B	618M	-8.02B	-2.23B	-580M
Supplemental Items
Cash Interest Paid	1.65B	4.49B	3.67B	2.11B	30.7M
Cash Income Tax Paid (Refund)	219M	1.48B	-74.86M	707M	118M
Levered Free Cash Flow	-19.61B	-7.79B	21.81B	26.36B	-41.55B
Unlevered Free Cash Flow	-18.13B	-6.02B	23.49B	27.13B	-40.35B
Change In Net Working Capital	13.05B	-4.69B	-46.96B	-29.71B	38.04B
Net Debt Issued / Repaid	39.52B	11.77B	-34.6B	-379M	170M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-2.02	-1.83	-11.91	-1.62	-3.16
Return on Total Capital	-3.09	-3.46	-50.31	10.53	8.97
Return On Equity %	505.35	214.88	249.44	27.51	20.56
Return on Common Equity	108.45	109.13	248.22	27.53	20.47
Margin Analysis
Gross Profit Margin %	33.49	17.4	-696.92	-70.04	-13.06
SG&A Margin