Balance Sheet China Ruyi Holdings Limited

Equities

136 BMG4404N1149

Entertainment Production

Market Closed - Hong Kong S.E. Other stock markets 03:08:08 2025-01-23 am EST			5-day change	1st Jan Change
2.370 ^HKD	+0.85%		-2.07%	-3.27%

Jan. 14	China Ruyi Holdings to Acquire 30% Stake in QQ Dance Creator Firm for 825 Million Yuan	MT
Jan. 12	Beijing Ruyi Jingxiu Network Technology Co., Ltd and China Ruyi Holdings Limited agreed to acquire 30% stake in Beijing Yonghang Technology Company Limited from Tencent Holdings Limited, Tencent Digital, Tencent Mobility Limited and Tibet Yonghang Enterprise for CNY 825 million.	CI

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Published financial data: CHINA RUYI HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	337M	230M	2.32B	1.32B	3.63B
Gain (Loss) on Sale of Investment, Total (Rev)	-	-	-	-	-
Interest And Invest. Income (Rev)	-	-	-	-	-
Total Revenues	337M	230M	2.32B	1.32B	3.63B
Cost of Goods Sold, Total	135M	120M	1.29B	1.06B	2.47B
Gross Profit	202M	110M	1.03B	262M	1.16B
Selling General & Admin Expenses, Total	147M	124M	388M	313M	316M
Provision for Bad Debts	-	-	35.61M	85.19M	64.7M
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	-9.01M	-21.92M	-5.2M	-8.45M	-15.13M
Other Operating Expenses, Total	138M	103M	418M	389M	365M
Operating Income	63.92M	7.64M	614M	-128M	796M
Interest Expense, Total	-3.8M	-2.27M	-34.54M	-84.93M	-97.93M
Interest And Investment Income	26.69M	13.27M	383M	52.61M	92.93M
Net Interest Expenses	22.88M	11M	348M	-32.32M	-4.99M
Income (Loss) On Equity Invest.	-	-	-337K	-1.55M	-974K
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-	-	-	-17.1M	-54.63M
EBT, Excl. Unusual Items	86.8M	18.64M	962M	-179M	735M
Merger & Related Restructuring Charges	-	-	-11.38M	-	-
Gain (Loss) On Sale Of Investments	1.49M	-2.5M	7.64M	35.31M	365M
Gain (Loss) On Sale Of Assets	20.82M	-6K	-	4.78M	23K
Asset Writedown	-	-	-5.13M	-138K	-
Other Unusual Items	-	-	362M	989M	-124M
EBT, Incl. Unusual Items	109M	16.13M	1.32B	850M	976M
Income Tax Expense	17.04M	4.11M	142M	62.29M	293M
Earnings From Continuing Operations	92.07M	12.02M	1.17B	788M	683M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	92.07M	12.02M	1.17B	788M	683M
Minority Interest	-2.01M	-	1.69M	1.97M	7.22M
Net Income - (IS)	90.06M	12.02M	1.18B	790M	690M
Net Income to Common Incl Extra Items	90.06M	12.02M	1.18B	790M	690M
Net Income to Common Excl. Extra Items	90.06M	12.02M	1.18B	790M	690M
Per Share Items
Net EPS - Basic	0.01	0	0.13	0.08	0.07
Basic EPS - Continuing Operations	0.01	0	0.13	0.08	0.07
Basic Weighted Average Shares Outstanding	8.06B	8.06B	9.17B	9.37B	10.53B
Net EPS - Diluted	0.01	0	0.12	0.08	0.06
Diluted EPS - Continuing Operations	0.01	0	0.12	0.08	0.06
Diluted Weighted Average Shares Outstanding	8.06B	8.06B	9.65B	10.35B	11.56B
Normalized Basic EPS	0.01	0	0.07	-0.01	0.04
Normalized Diluted EPS	0.01	0	0.06	-0.01	0.04
Supplemental Items
EBITDA	76M	14.24M	619M	-124M	798M
EBITA	64.19M	7.91M	614M	-128M	796M
EBIT	63.92M	7.64M	614M	-128M	796M
EBITDAR	78.54M	10.43M	626M	-120M	804M
Effective Tax Rate - (Ratio)	15.62	25.46	10.78	7.33	30.06
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	4.14M	91K	136M	131M	224M
Total Deferred Taxes	12.9M	4.02M	6.19M	-68.8M	69.2M
Normalized Net Income	52.24M	11.65M	603M	-110M	467M
Interest on Long-Term Debt	1.17M	1.11M	2.01M	1.83M	2.29M
Supplemental Operating Expense Items
Advertising Expense	8.21M	9.59M	9.33M	49.75M	29.28M
Selling and Marketing Expenses	72.77M	50.42M	248M	60.71M	31.28M
General and Administrative Expenses	72.94M	71.15M	139M	252M	279M
Research And Development Expense From Footnotes	7.81M	7.73M	11.73M	27.7M	33.26M
Net Rental Expense, Total	2.54M	-3.81M	6.1M	3.94M	5.98M
Imputed Operating Lease Interest Expense	1.22M	-1.53M	2.13M	1.59M	2.59M
Imputed Operating Lease Depreciation	1.32M	-2.28M	3.96M	2.35M	3.39M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	8.6M	91.28M	82.3M
Total Stock-Based Compensation	-	-	8.6M	91.28M	82.3M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.31B	1.03B	1.14B	1.19B	570M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	3.31M	17.97M	44.85M	98.31M	111M
Total Cash And Short Term Investments	1.32B	1.05B	1.18B	1.29B	681M
Accounts Receivable, Total	54.74M	88.73M	1.06B	936M	2.42B
Other Receivables	52.54M	66.26M	116M	1.11B	2.06B
Notes Receivable	-	-	123M	-	-
Total Receivables	107M	155M	1.3B	2.05B	4.47B
Inventory	30.32M	8.84M	2.26M	986K	2.9M
Prepaid Expenses	32.29M	18.83M	238M	246M	19.52M
Other Current Assets, Total	3.11M	2.63M	1.27B	1.62B	1.52B
Total Current Assets	1.49B	1.23B	3.99B	5.2B	6.69B
Gross Property Plant And Equipment	98.71M	87.01M	141M	128M	191M
Accumulated Depreciation	-64.89M	-60.72M	-63.21M	-55.11M	-57.46M
Net Property Plant And Equipment	33.82M	26.29M	77.43M	72.7M	134M
Long-term Investments	631K	553K	171M	524M	3.44B
Goodwill	-	-	4.21B	4.21B	4.21B
Other Intangibles, Total	2.51M	2.17M	2.09B	3.13B	2.16B
Accounts Receivable Long-Term	3.41M	-	-	-	-
Deferred Tax Assets Long-Term	7.3M	3.28M	1.69M	19.92M	10.11M
Deferred Charges Long-Term	421K	0	-	-	-
Other Long-Term Assets, Total	104K	6.6M	74.4M	60.5M	30.53M
Total Assets	1.54B	1.27B	10.62B	13.22B	16.68B
Liabilities
Accounts Payable, Total	15.55M	8.12M	50.42M	560M	357M
Accrued Expenses, Total	23.74M	15.11M	40.44M	68.48M	151M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	53.57M	-	150M	50M	109M
Current Portion of Leases	13.47M	4.93M	13.53M	14.49M	22.45M
Current Income Taxes Payable	4.63M	920K	168M	199M	413M
Unearned Revenue Current, Total	18.14M	4.2M	16.08M	55.38M	160M
Other Current Liabilities	260M	45M	1.29B	1.09B	2.21B
Total Current Liabilities	390M	78.26M	1.72B	2.04B	3.42B
Long-Term Debt	-	-	1.37B	1.72B	1.65B
Long-Term Leases	6.65M	11.81M	26.8M	21.7M	36.19M
Deferred Tax Liability Non Current	-	-	502M	452M	511M
Other Non Current Liabilities	-	-	1.37B	1.01B	30.64M
Total Liabilities	396M	90.07M	5B	5.24B	5.65B
Common Stock, Total	150M	161M	180M	194M	223M
Additional Paid In Capital	4.45B	4.52B	7.76B	9.39B	11.67B
Retained Earnings	-3.51B	-3.49B	-2.33B	-1.54B	-848M
Comprehensive Income and Other	42.79M	-4.34M	-1.88M	-72.96M	-10.48M
Total Common Equity	1.14B	1.18B	5.61B	7.97B	11.04B
Minority Interest	-	-	6.16M	4.19M	-1.56M
Total Equity	1.14B	1.18B	5.62B	7.98B	11.04B
Total Liabilities And Equity	1.54B	1.27B	10.62B	13.22B	16.68B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.46B	8.08B	9.23B	10B	11.59B
ECS Total Common Shares Outstanding	7.46B	8.08B	9.23B	10B	11.59B
Book Value / Share	0.15	0.15	0.61	0.8	0.95
Tangible Book Value	1.14B	1.18B	-689M	630M	4.66B
Tangible Book Value Per Share	0.15	0.15	-0.07	0.06	0.4
Total Debt	73.7M	16.74M	1.56B	1.81B	1.81B
Net Debt	-1.24B	-1.03B	379M	518M	1.13B
Debt Equivalent Oper. Leases	20.3M	-30.47M	48.78M	31.53M	47.88M
Minority Interest, Total (Incl. Fin. Div)	-	-	6.16M	4.19M	-1.56M
Equity Method Investments, Total	-	-	34.45M	34.9M	34.01M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	431K	566K	721K	211K	639K
Inventories - Work In Process, Total	124K	100K	117K	144K	223K
Inventories - Finished Goods, Total	29.76M	8.17M	1.42M	631K	2.04M
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	70.78M	72.42M	70.37M	57.83M	67.58M
Full Time Employees	380	292	410	374	410
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	5.52M	7.06M	13.22M	98.4M	163M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	90.06M	12.02M	1.18B	790M	690M
Depreciation & Amortization - CF	21.8M	14.65M	18.77M	18.69M	18.39M
Amortization of Goodwill and Intangible Assets - (CF)	267K	269K	203K	-	-
Depreciation & Amortization, Total	22.07M	14.92M	18.97M	18.69M	18.39M
Amortization of Deferred Charges, Total - (CF)	3.58M	625K	448M	541M	1.98B
(Gain) Loss From Sale Of Asset	-20.82M	6K	-	-4.78M	-23K
(Gain) Loss on Sale of Investments - (CF)	-1.56M	-3.89M	-10.3M	24.56M	-432M
Asset Writedown & Restructuring Costs	-	-	5.13M	236M	66.62M
(Income) Loss On Equity Investments - (CF)	-	-	337K	1.55M	974K
Stock-Based Compensation (CF)	-	-	8.6M	91.28M	82.3M
Provision and Write-off of Bad Debts	68K	4.11M	25.75M	85.19M	64.7M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-22.62M	3.57M	-565M	-951M	466M
Change in Trading Asset Securities	-	-	-	-	-
Change In Accounts Receivable	11.92M	-49.08M	-1.35B	39.67M	-1.55B
Change In Inventories	12.8M	21.48M	6.69M	1.27M	-1.91M
Change In Accounts Payable	-9.11M	-7.44M	-240M	510M	-203M
Change in Unearned Revenues	-33.18M	-13.95M	-4.71M	-9.76M	2.5M
Change in Other Net Operating Assets	44.58M	-217M	-988M	-1.7B	-649M
Cash from Operations	97.79M	-235M	-1.47B	-323M	543M
Capital Expenditure	-13.9M	-2.74M	-2.93M	-1.66M	-59.65M
Sale of Property, Plant, and Equipment	160K	4K	-	7.83M	438K
Cash Acquisitions	-	-	89.99M	-	-
Divestitures	3.47M	-	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-137K	-247K	-	-
Investment in Marketable and Equity Securities, Total	-3.46M	-14.11M	-193M	-488M	-2.43B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-800M
Other Investing Activities, Total	44K	48K	-29.12M	-870M	-50.39M
Cash from Investing	-13.68M	-16.94M	-135M	-1.35B	-3.34B
Long-Term Debt Issued, Total	-	-	1.72B	50M	24.5M
Total Debt Issued	-	-	1.72B	50M	24.5M
Long-Term Debt Repaid, Total	-11.19M	-63.32M	-19.76M	-13.35M	-169M
Total Debt Repaid	-11.19M	-63.32M	-19.76M	-13.35M	-169M
Issuance of Common Stock	-	76.9M	-	1.64B	2.31B
Other Financing Activities, Total	-	-	6M	-	1.47M
Cash from Financing	-11.19M	13.58M	1.71B	1.68B	2.17B
Foreign Exchange Rate Adjustments	13.15M	-44.03M	773K	48.07M	3.24M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	86.06M	-282M	108M	50.26M	-620M
Supplemental Items
Cash Interest Paid	2.6M	2.68M	2.01M	2M	6.86M
Cash Income Tax Paid (Refund)	42.83M	2.36M	2.49M	72.8M	4.87M
Levered Free Cash Flow	12.14M	-242M	-300M	-253M	1.67B
Unlevered Free Cash Flow	14.52M	-241M	-279M	-200M	1.73B
Change In Net Working Capital	37.18M	258M	1.14B	769M	788M
Net Debt Issued / Repaid	-11.19M	-63.32M	1.7B	36.65M	-145M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.69	0.34	6.46	-0.67	3.33
Return on Total Capital	3.46	0.4	9.16	-0.94	4.39
Return On Equity %	8.43	1.03	34.51	11.59	7.18
Return on Common Equity	8.25	1.03	34.59	11.62	7.26
Margin Analysis
Gross Profit Margin %	60	47.9	44.53	19.82	32.01
SG&A Margin	43.72	54.1	16.72	23.69	8.71
EBITDA Margin %	22.53	6.19	26.72	-9.36	22.01
EBITA Margin %	19.03	3.44	26.51	-9.68	21.93
EBIT Margin %	18.95	3.32	26.5	-9.68	21.93
Income From Continuing Operations Margin %	27.3	5.22	50.63	59.67	18.82
Net Income Margin %	26.7	5.22	50.7	59.82	19.02
Net Avail. For Common Margin %	26.7	5.22	50.7	59.82	19.02
Normalized Net Income Margin	15.49	5.06	26.01	-8.31	12.86
Levered Free Cash Flow Margin	3.6	-105.2	-12.95	-19.19	46.11
Unlevered Free Cash Flow Margin	4.31	-104.58	-12.02	-15.17	47.8
Asset Turnover
Asset Turnover	0.23	0.16	0.39	0.11	0.24
Fixed Assets Turnover	13.71	7.66	44.7	17.58	35.18
Receivables Turnover (Average Receivables)	5.63	3.21	4.03	1.32	2.16
Inventory Turnover (Average Inventory)	3.67	6.12	231.75	652.68	1.27K
Short Term Liquidity
Current Ratio	3.82	15.77	2.31	2.55	1.96
Quick Ratio	3.65	15.38	1.37	1.63	1.51
Operating Cash Flow to Current Liabilities	0.25	-3	-0.85	-0.16	0.16
Days Sales Outstanding (Average Receivables)	64.8	114.1	90.53	276.19	168.72
Days Outstanding Inventory (Average Inventory)	99.34	59.77	1.57	0.56	0.29
Average Days Payable Outstanding