Income Statement China Tianying Inc.

Equities

000035

CNE000000FN8

Environmental Services & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 2025-02-06			5-day change	1st Jan Change
4.620 ^CNY	+2.44%		+1.54%	-5.13%

Jan. 31	China Tianying's Actual Controller Pledges Stake to Two Companies for Financing, Guarantee	MT
Jan. 16	China Tianying Signs 53 Million Yuan Sanitation Services Deal	MT

3852879fe925bf5469ae1ea3de3d.W_TzLgiMVYDHKvoZun9uoaWNddDg_3ry2wLdaTMSKxA.PZyVV37TJ7b_fYJd9xUkl4j7PaiLyTCH6jrtB0lGU0IDnqBBR9MEzYNHnQ

Published financial data: CHINA TIANYING INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	18.55B	21.46B	19.99B	6.22B	4.59B
Other Revenues, Total	36.52M	411M	601M	483M	733M
Total Revenues	18.59B	21.87B	20.59B	6.71B	5.32B
Selling General & Admin Expenses, Total	1.03B	986M	1.33B	479M	593M
R&D Expenses	53.18M	41.66M	56.2M	64.55M	71.73M
Provision for Bad Debts	32.54M	81.95M	24.21M	69.04M	43.03M
Other Operating Expenses	15.97B	18.91B	17.94B	5.41B	3.85B
Total Operating Expenses	17.08B	20.02B	19.34B	6.03B	4.56B
Operating Income (REIT / Utility Template)	1.51B	1.85B	1.25B	681M	765M
Interest Expense, Total	-479M	-885M	-757M	-251M	-360M
Interest and Investment Income	171M	274M	611M	29.78M	34.51M
Net Interest Expenses	-308M	-611M	-146M	-221M	-325M
Income (Loss) on Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-37.71M	-16.01M	208M	76.98M	-27.34M
Other Non Operating Income (Expenses)	-186M	-45.04M	-28.76M	-10.63M	-11.74M
EBT, Excl. Unusual Items	977M	1.18B	1.29B	526M	401M
Gain (Loss) on Sale of Investments	-12.06M	-14.51M	-32.1M	-329M	-1.01M
Gain (Loss) on Sale of Assets	158K	16.54M	-10.33M	-1.4M	720K
Asset Writedown	-25.86M	-	-	-	-
Other Unusual Items	118M	82.61M	-82.69M	54.54M	19.95M
EBT, Incl. Unusual Items	1.06B	1.26B	1.16B	250M	420M
Income Tax Expense	288M	432M	292M	129M	35.99M
Earnings From Continuing Operations	770M	829M	868M	122M	384M
Net Income to Company	770M	829M	868M	122M	384M
Minority Interest	-56.55M	-175M	-139M	1.87M	-47.05M
Net Income - (IS)	713M	654M	729M	123M	337M
Net Income to Common Incl Extra Items	713M	654M	729M	123M	337M
Net Income to Common Excl. Extra Items	713M	654M	729M	123M	337M
Per Share Items
Net EPS - Basic	0.3	0.26	0.29	0.05	0.14
Basic EPS - Continuing Operations	0.3	0.26	0.29	0.05	0.14
Basic Weighted Average Shares Outstanding	2.36B	2.51B	2.5B	2.47B	2.41B
Net EPS - Diluted	0.3	0.26	0.29	0.05	0.14
Diluted EPS - Continuing Operations	0.3	0.26	0.29	0.05	0.14
Diluted Weighted Average Shares Outstanding	2.36B	2.51B	2.5B	2.47B	2.41B
Normalized Basic EPS	0.23	0.22	0.27	0.13	0.08
Normalized Diluted EPS	0.23	0.22	0.27	0.13	0.08
Dividend Per Share	-	-	0.1	-	0.02
Payout Ratio	105.18	132.61	104.66	311.34	104.96
Supplemental Items
Utility Revenues	18.55B	21.46B	19.99B	6.22B	4.59B
Non Utility Revenues	36.52M	411M	601M	483M	733M
EBITDA	3.47B	3.95B	3.1B	1.22B	1.46B
EBITA	2.46B	2.78B	1.98B	1.02B	1.28B
EBIT	1.51B	1.85B	1.25B	681M	765M
EBITDAR	3.53B	3.99B	3.13B	1.25B	1.5B
Total Revenues (As Reported)	18.59B	21.87B	20.59B	6.71B	5.32B
Effective Tax Rate - (Ratio)	27.23	34.3	25.17	51.45	8.56
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	342M	493M	286M	148M	65.8M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-53.91M	-60.15M	1.01M	-13.81M	-27.01M
Normalized Net Income	554M	560M	664M	331M	203M
Interest Capitalized	98.28M	174M	208M	112M	75.93M
Interest on Long-Term Debt	-	-	32.69M	116M	79.12M
Non-Cash Pension Expense	119M	69.64M	63.68M	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	25.25M	21.68M	33.37M	46.38M	52.1M
General and Administrative Expenses	950M	927M	1.26B	419M	524M
Research And Development Expense From Footnotes	57.47M	41.66M	56.2M	64.55M	71.73M
Net Rental Expense, Total	57.55M	44.76M	31.81M	27.25M	31.57M
Imputed Operating Lease Interest Expense	21.7M	17.01M	17.64M	10.33M	11.47M
Imputed Operating Lease Depreciation	35.85M	27.75M	14.17M	16.91M	20.11M
Stock-Based Comp., G&A Exp. (Total)	2.45M	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	5.14M
Total Stock-Based Compensation	2.45M	-	-	-	5.14M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.79B	3.4B	3.88B	1.96B	1.38B
Short Term Investments - (Utility / Insurance Templates)	744K	-	-	36.94M	-
Trading Asset Securities, Total	97.94M	398M	226M	307M	389M
Accounts Receivable, Total	5.77B	6.33B	1.25B	2.32B	2.6B
Other Receivables	393M	250M	205M	93.09M	122M
Accounts Receivable (Summary Subtotal)	6.17B	6.58B	1.46B	2.41B	2.72B
Inventory - (Utility Template)	634M	760M	496M	422M	315M
Other Current Assets, Total	1.34B	1.47B	723M	825M	558M
Total Current Assets	12.03B	12.61B	6.78B	5.96B	5.37B
Gross Property Plant And Equipment	19.84B	16.13B	3.11B	3.71B	5.27B
Accumulated Depreciation	-7.56B	-1.42B	-634M	-671M	-878M
Net Property Plant And Equipment	12.28B	14.71B	2.47B	3.03B	4.4B
Goodwill	5.23B	5.61B	65.67M	146M	146M
Other Intangibles, Total	10.68B	11.16B	10.86B	13.37B	13.94B
Long-Term Investments - (Utility Template)	4.66B	1.36B	296M	355M	3.05B
Accounts Receivable Long-Term	60.34M	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	264M	207M	52.16M	69.92M	81.35M
Deferred Charges Long-Term	63.24M	49.84M	102M	93.32M	22.61M
Other Long-Term Assets, Total	2.02B	4.67B	3.87B	3.44B	1.11B
Total Assets	47.3B	50.38B	24.5B	26.47B	28.11B
Liabilities
Accounts Payable, Total	5.69B	6.34B	2.56B	3.08B	2.99B
Accrued Expenses, Total	1.47B	1.66B	292M	214M	241M
Short-Term Borrowings	2.66B	3.49B	1.53B	2.87B	2.72B
Current Portion of Long-Term Debt	1.33B	1.88B	406M	1.1B	1.26B
Current Portion of Leases	727M	706M	16.9M	19.33M	26.51M
Current Income Taxes Payable	166M	280M	34.92M	118M	32.29M
Unearned Revenue, Current	242M	127M	120M	147M	194M
Other Current Liabilities - (Bank / Utility Template)	968M	656M	688M	885M	549M
Total Current Liabilities	13.25B	15.14B	5.65B	8.43B	8.02B
Long-Term Debt	14.76B	15.52B	5.03B	4.22B	6.3B
Long-Term Leases	1.91B	1.69B	34.74M	94.89M	71.96M
Unearned Revenue Non Current	695M	703M	226M	218M	220M
Deferred Tax Liability Non-Current	475M	430M	45.58M	97.27M	94.69M
Other Non Current Liabilities, Total	4.51B	4.41B	2.36B	2.96B	2.56B
Total Liabilities	35.59B	37.88B	13.35B	16.03B	17.28B
Common Stock, Total	356M	356M	356M	356M	356M
Additional Paid In Capital	8.41B	8.42B	8.3B	8.3B	8.18B
Retained Earnings	1.91B	2.57B	3.3B	3.18B	3.52B
Treasury Stock	-	-	-721M	-755M	-755M
Comprehensive Income and Other	121M	346M	-297M	-791M	-648M
Total Common Equity	10.8B	11.69B	10.94B	10.29B	10.65B
Minority Interest	901M	801M	217M	147M	186M
Total Equity	11.7B	12.49B	11.15B	10.44B	10.84B
Total Liabilities And Equity	47.3B	50.38B	24.5B	26.47B	28.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.52B	2.52B	2.67B	2.39B	2.39B
ECS Total Common Shares Outstanding	2.52B	2.52B	2.67B	2.39B	2.39B
Book Value / Share	4.28	4.63	4.1	4.31	4.46
Tangible Book Value	-5.11B	-5.07B	8.01M	-3.22B	-3.43B
Tangible Book Value Per Share	-2.03	-2.01	0	-1.35	-1.44
Total Debt	21.38B	23.28B	7.02B	8.31B	10.39B
Net Debt	17.49B	19.49B	2.91B	6.01B	8.62B
Debt Equivalent Oper. Leases	460M	358M	254M	218M	253M
Minority Interest, Total (Incl. Fin. Div)	901M	801M	217M	147M	186M
Equity Method Investments, Total	1.34B	1.36B	296M	247M	242M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	425M	534M	208M	113M	138M
Inventories - Work In Process, Total	113M	123M	207M	289M	169M
Inventories - Finished Goods, Total	100M	105M	82.6M	21.18M	-
Inventories - Others	-	-	-	-	7.78M
Land - (BS)	774M	840M	20.04M	-	-
Buildings, Total	4.77B	3.3B	990M	979M	1.47B
Machinery, Total	5.01B	3.46B	1.61B	1.62B	2B
Full Time Employees	-	60.22K	15.33K	17.98K	19.44K
Assets under Capital Lease - Gross	4.51B	1.94B	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-1.46B	-749M	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	316M	383M	88.05M	149M	190M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	713M	654M	729M	123M	337M
Depreciation, Depletion & Amortization	1.02B	1.16B	1.36B	232M	264M
Amortization of Goodwill and Intangible Assets - (CF)	948M	935M	729M	339M	514M
Total Depreciation, Depletion & Amortization	1.97B	2.1B	2.09B	570M	777M
Amortization of Deferred Charges, Total	21.06M	33.47M	21.02M	21.26M	29.03M
(Gain) Loss On Sale of Asset - (CF)	-158K	-16.54M	10.33M	1.4M	-720K
(Gain) Loss on Sale of Investments - (CF)	-77.7M	-56.06M	-461M	332M	363K
Total Asset Writedown	37.92M	14.51M	32.1M	-1.2M	1.51M
Provision and Write-off of Bad Debts	179M	81.95M	24.21M	69.04M	45.07M
Change in Accounts Receivable	-675M	-1.45B	-859M	-852M	-354M
Change In Inventories	-28.85M	-127M	-84.4M	-131M	108M
Change in Accounts Payable	-318M	789M	-5.26M	223M	-848M
Change In Deferred Taxes	35.32M	11.64M	-33.78M	-16.84M	-27.01M
Change in Other Net Operating Assets (Collected)	-973K	-	263M	12.31M	5.18M
Other Operating Activities	549M	969M	796M	242M	407M
Cash from Operations	2.4B	3.01B	2.52B	594M	481M
Capital Expenditure	-3.55B	-3.52B	-2.75B	-3.82B	-2.41B
Sale of Property, Plant, and Equipment	123M	194M	237M	16.88M	31.32M
Cash Acquisitions	-652M	-401M	-81.9M	2.43M	-
Divestitures	9.7M	-	7.41B	-51.01M	-
Investment in Marketable and Equity Securities, Total	-1.05B	-202M	-111M	-391M	201M
Other Investing Activities, Total	301M	362M	-1.35M	11.79M	-
Cash from Investing	-4.82B	-3.57B	4.7B	-4.23B	-2.18B
Short Term Debt Issued, Total	1.24B	-	865M	1.41B	1.01B
Long-Term Debt Issued, Total	9.39B	6.77B	5.49B	3.92B	6.61B
Total Debt Issued	10.63B	6.77B	6.36B	5.33B	7.63B
Short Term Debt Repaid, Total	-	-	-911M	-1.49B	-1.41B
Long-Term Debt Repaid, Total	-4.39B	-4.63B	-9.82B	-2.74B	-4.69B
Total Debt Repaid	-4.39B	-4.63B	-10.74B	-4.23B	-6.1B
Issuance of Common Stock	445M	-	-	-	-
Repurchase of Common Stock	-	-	-755M	-	-
Common Dividends Paid	-750M	-867M	-763M	-384M	-354M
Common & Preferred Stock Dividends Paid	-750M	-867M	-763M	-384M	-354M
Other Financing Activities, Total	-1.07B	-1.13B	-219M	429M	151M
Cash from Financing	4.86B	139M	-6.11B	1.15B	1.33B
Foreign Exchange Rate Adjustments	14.95M	-33.51M	-279M	35.85M	11.96M
Net Change in Cash	2.46B	-457M	837M	-2.46B	-359M
Supplemental Items
Cash Income Tax Paid (Refund)	1.79B	2.02B	1.8B	284M	240M
Net Debt Issued / Repaid	6.24B	2.14B	-4.38B	1.1B	1.53B
Levered Free Cash Flow	-1.49B	-937M	-2.01B	-3.2B	-1.22B
Unlevered Free Cash Flow	-1.2B	-384M	-1.54B	-3.04B	-996M
Change In Net Working Capital	574M	150M	1.68B	237M	-125M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.36	2.36	2.09	1.67	1.75
Return on Total Capital	4.78	3.36	3.04	2.31	2.36
Return On Equity %	10.26	6.85	7.34	1.13	3.61
Return on Common Equity	10.16	5.81	6.44	1.16	3.22
Margin Analysis
Gross Profit Margin %	15.24	14.72	14.09	19.56	27.62
SG&A Margin	5.53	4.51	6.43	7.15	11.14
EBITDA Margin %	18.69	18.05	15.06	18.26	27.49
EBITA Margin %	13.21	12.73	9.62	15.2	24.02
EBIT Margin %	8.11	8.45	6.08	10.15	14.37
Income From Continuing Operations Margin %	4.14	3.79	4.22	1.81	7.22
Net Income Margin %	3.84	2.99	3.54	1.84	6.34
Net Avail. For Common Margin %	3.84	2.99	3.54	1.84	6.34
Normalized Net Income Margin	2.98	2.56	3.23	4.93	3.82
Levered Free Cash Flow Margin	-8.04	-4.29	-9.76	-47.71	-22.93
Unlevered Free Cash Flow Margin	-6.43	-1.76	-7.47	-45.37	-18.71
Asset Turnover
Asset Turnover	0.66	0.45	0.55	0.26	0.2
Fixed Assets Turnover	2.33	1.62	2.4	2.44	1.43
Receivables Turnover (Average Receivables)	5.86	3.54	5.27	3.49	1.87
Inventory Turnover (Average Inventory)	42.11	26.75	28.17	11.76	10.45
Short Term Liquidity
Current Ratio	0.91	0.83	1.2	0.71	0.67
Quick Ratio	0.76	0.69	0.98	0.56	0.56
Operating Cash Flow to Current Liabilities	0.18	0.2	0.45	0.07	0.06
Days Sales Outstanding (Average Receivables)	62.33	103.26	69.24	104.65	195.55
Days Outstanding Inventory (Average Inventory)