Cash flow Dare Power Dekor Home Co.,Ltd.

Equities

000910

CNE000000YV2

Forest & Wood Products

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-11			5-day change	1st Jan Change
6.140 ^CNY	0.00%		-2.38%	-23.25%

Aug. 28	Dare Power Dekor Home Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
May. 08	Dare Power Dekor Home Co.,Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 15, 2024	CI

6e65746d13312173890b55768dd7c.vAPXARZz-A4hJUJ9egDt64niQBa_jNYRgZt66WUTo0A.7DOGS3MYv0t-CA4_I02nvL6bAnKNy6xr89YZuit8knHRRLZUdxm0SGoUBw

Published financial data: DARE POWER DEKOR HOME CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.26B	7.22B	8.7B	7.32B	6.49B
Other Revenues, Total	39.26M	42.59M	46.48M	45.75M	46.32M
Total Revenues	7.3B	7.26B	8.75B	7.36B	6.53B
Cost of Goods Sold, Total	4.66B	5.14B	6.48B	5.59B	4.85B
Gross Profit	2.64B	2.13B	2.27B	1.77B	1.68B
Selling General & Admin Expenses, Total	1.59B	1.13B	1.31B	1.16B	1.13B
Provision for Bad Debts	9.14M	26.58M	11.14M	53.96M	63.61M
R&D Expenses	152M	136M	156M	130M	128M
Other Operating Expenses	39.83M	35.47M	53.67M	21.13M	12.4M
Other Operating Expenses, Total	1.79B	1.33B	1.53B	1.37B	1.33B
Operating Income	848M	794M	736M	403M	348M
Interest Expense, Total	-12.36M	-21.24M	-18.87M	-14.14M	-16.21M
Interest And Investment Income	19.77M	7.07M	32.49M	16.7M	40.95M
Net Interest Expenses	7.4M	-14.17M	13.63M	2.56M	24.74M
Currency Exchange Gains (Loss)	15.06M	-33.87M	-14.78M	50.55M	9.84M
Other Non Operating Income (Expenses)	-22.52M	-34.8M	-10.47M	-27.1M	-10.25M
EBT, Excl. Unusual Items	848M	711M	725M	429M	373M
Impairment of Goodwill	-12.34M	-	-	-	-5.26M
Gain (Loss) On Sale Of Investments	1.34K	3.1M	-	1.39M	3.43M
Gain (Loss) On Sale Of Assets	136K	42.1K	-1.46M	67.91M	-3.06M
Asset Writedown	-1.27M	-3.84M	-191K	-123K	-137K
Other Unusual Items	20.21M	36.63M	24.38M	5.08M	43.38M
EBT, Incl. Unusual Items	855M	747M	747M	503M	411M
Income Tax Expense	118M	112M	131M	75.22M	68.67M
Earnings From Continuing Operations	737M	635M	616M	428M	342M
Net Income to Company	737M	635M	616M	428M	342M
Minority Interest	-17.42M	-9.13M	-21.1M	-7.43M	-9.67M
Net Income - (IS)	720M	626M	595M	420M	333M
Net Income to Common Incl Extra Items	720M	626M	595M	420M	333M
Net Income to Common Excl. Extra Items	720M	626M	595M	420M	333M
Per Share Items
Net EPS - Basic	1.3	1.14	1.09	0.77	0.61
Basic EPS - Continuing Operations	1.3	1.14	1.09	0.77	0.61
Basic Weighted Average Shares Outstanding	554M	549M	546M	547M	547M
Net EPS - Diluted	1.3	1.14	1.09	0.77	0.61
Diluted EPS - Continuing Operations	1.3	1.14	1.09	0.77	0.61
Diluted Weighted Average Shares Outstanding	554M	549M	546M	547M	547M
Normalized Basic EPS	0.93	0.79	0.79	0.48	0.41
Normalized Diluted EPS	0.93	0.79	0.79	0.48	0.41
Dividend Per Share	0.13	0.16	0.16	0.16	0.19
Payout Ratio	13.45	16.55	15.48	22.52	26.48
Supplemental Items
EBITDA	1.03B	985M	970M	584M	538M
EBITA	864M	814M	754M	415M	362M
EBIT	848M	794M	736M	403M	348M
EBITDAR	1.05B	1B	986M	596M	594M
Total Revenues (As Reported)	7.3B	7.26B	8.75B	7.36B	6.53B
Effective Tax Rate - (Ratio)	13.77	15.04	17.55	14.96	16.71
Total Current Taxes	122M	123M	135M	89.81M	88.04M
Total Deferred Taxes	-4.58M	-10.97M	-3.84M	-14.59M	-19.37M
Normalized Net Income	513M	435M	432M	261M	223M
Interest on Long-Term Debt	-	-	7.71M	6.92M	4.46M
Supplemental Operating Expense Items
Advertising Expense	129M	117M	110M	87.43M	52.91M
Marketing Expenses	270M	85.72M	128M	89.88M	98.57M
Selling and Marketing Expenses	984M	512M	665M	572M	531M
General and Administrative Expenses	606M	621M	646M	592M	599M
Research And Development Expense From Footnotes	152M	136M	156M	130M	128M
Net Rental Expense, Total	15M	15.95M	16.28M	12.2M	55.59M
Imputed Operating Lease Interest Expense	5.16M	7.84M	7.11M	4.62M	33.11M
Imputed Operating Lease Depreciation	9.84M	8.11M	9.18M	7.58M	22.48M
Stock-Based Comp., Other (Total)	-4.9M	-	-	-	-
Total Stock-Based Compensation	-4.9M	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.76B	1.98B	2.17B	2.55B	2.69B
Trading Asset Securities, Total	107K	203M	-	101M	233M
Total Cash And Short Term Investments	1.76B	2.19B	2.17B	2.65B	2.92B
Accounts Receivable, Total	1.17B	1.46B	2.05B	1.88B	1.98B
Other Receivables	77.15M	33.94M	37.31M	39.71M	39.88M
Total Receivables	1.24B	1.5B	2.09B	1.92B	2.02B
Inventory	2.08B	2.16B	2.26B	2.3B	1.93B
Prepaid Expenses	3.86M	19.55M	-	-	-
Other Current Assets, Total	150M	142M	166M	113M	91.49M
Total Current Assets	5.24B	6B	6.68B	6.98B	6.96B
Gross Property Plant And Equipment	4.97B	5.13B	5.26B	5.31B	5.41B
Accumulated Depreciation	-3.11B	-3.25B	-3.34B	-3.5B	-3.68B
Net Property Plant And Equipment	1.86B	1.89B	1.92B	1.8B	1.73B
Long-term Investments	3.99M	3.87M	3.73M	3.46M	3.05M
Goodwill	192M	186M	184M	192M	188M
Other Intangibles, Total	630M	610M	448M	430M	476M
Deferred Tax Assets Long-Term	16.73M	24.92M	26.2M	39.9M	69.24M
Deferred Charges Long-Term	-	41.74M	38.41M	34.26M	23.01M
Other Long-Term Assets, Total	60.64M	50.86M	123M	70.5M	79.71M
Total Assets	8B	8.81B	9.42B	9.55B	9.53B
Liabilities
Accounts Payable, Total	1.34B	1.56B	1.68B	1.62B	1.5B
Accrued Expenses, Total	335M	370M	380M	328M	322M
Short-term Borrowings	326M	340M	197M	167M	96.69M
Current Portion of Long-Term Debt	301K	16.14M	-	-	-
Current Portion of Leases	-	-	517K	3.97M	10.75M
Current Income Taxes Payable	40.73M	58.96M	48.34M	44.35M	42.17M
Unearned Revenue Current, Total	-	417M	382M	345M	349M
Other Current Liabilities	646M	224M	243M	255M	209M
Total Current Liabilities	2.69B	2.99B	2.93B	2.76B	2.53B
Long-Term Debt	550K	-	-	-	-
Long-Term Leases	-	-	137M	91.59M	65.61M
Unearned Revenue Non Current	6.57M	6.22M	5.33M	4.44M	3.55M
Deferred Tax Liability Non Current	20.03M	17.24M	14.69M	13.8M	23.76M
Other Non Current Liabilities	23.68M	-	-	55M	44.62M
Total Liabilities	2.74B	3.01B	3.09B	2.93B	2.66B
Common Stock, Total	554M	547M	547M	547M	547M
Additional Paid In Capital	311M	244M	238M	238M	238M
Retained Earnings	4.19B	4.74B	5.25B	5.58B	5.83B
Treasury Stock	-70.53M	-	-	-	-
Comprehensive Income and Other	86.94M	77M	78.38M	93.12M	91.4M
Total Common Equity	5.07B	5.61B	6.11B	6.46B	6.71B
Minority Interest	195M	184M	219M	160M	162M
Total Equity	5.26B	5.8B	6.33B	6.62B	6.87B
Total Liabilities And Equity	8B	8.81B	9.42B	9.55B	9.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	553M	547M	547M	547M	547M
ECS Total Common Shares Outstanding	554M	547M	547M	547M	547M
Book Value / Share	9.15	10.25	11.17	11.8	12.25
Tangible Book Value	4.24B	4.82B	5.48B	5.84B	6.04B
Tangible Book Value Per Share	7.67	8.8	10.01	10.67	11.04
Total Debt	327M	356M	335M	263M	173M
Net Debt	-1.44B	-1.83B	-1.83B	-2.38B	-2.75B
Debt Equivalent Oper. Leases	120M	128M	130M	97.62M	445M
Minority Interest, Total (Incl. Fin. Div)	195M	184M	219M	160M	162M
Equity Method Investments, Total	3.99M	3.87M	3.73M	3.46M	3.05M
Account Code - Inventory Valuation	6	6	6	6	5
Inventories - Raw Materials, Total	726M	817M	825M	1.12B	931M
Inventories - Work In Process, Total	211M	185M	195M	187M	139M
Inventories - Finished Goods, Total	1.19B	1.2B	1.29B	1.04B	920M
Buildings, Total	1.81B	1.89B	1.81B	1.88B	1.93B
Machinery, Total	3.13B	3.22B	3.22B	3.23B	3.22B
Full Time Employees	6.46K	6.76K	-	6.55K	5.79K
Accumulated Allowance for Doubtful Accounts (Supple)	127M	92.11M	103M	145M	209M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	720M	626M	595M	420M	333M
Depreciation & Amortization - CF	169M	171M	261M	216M	223M
Amortization of Goodwill and Intangible Assets - (CF)	16.32M	19.79M	17.86M	12.44M	13.24M
Depreciation & Amortization, Total	185M	191M	278M	228M	236M
Amortization of Deferred Charges, Total - (CF)	1.94M	3.35M	10.1M	10.93M	12.84M
(Gain) Loss From Sale Of Asset	1.13M	-10.56K	-1.46M	-67.91M	3.06M
(Gain) Loss on Sale of Investments - (CF)	-13.46M	-3.95M	-26.1M	-2.74M	1.77M
Asset Writedown & Restructuring Costs	12.34M	3.81M	-5.2M	-1.27M	1.96M
Provision and Write-off of Bad Debts	9.14M	26.58M	11.14M	53.96M	63.61M
Other Operating Activities, Total	22.19M	73.06M	46.63M	-21.55M	27.92M
Change In Accounts Receivable	-305M	-262M	-457M	189M	-158M
Change In Inventories	-121M	-87.45M	-108M	-42.98M	367M
Change In Accounts Payable	41.62M	326M	256M	-100M	-210M
Change In Deferred Taxes	-4.58M	-10.97M	-3.84M	-14.59M	-19.37M
Cash from Operations	549M	885M	596M	651M	659M
Capital Expenditure	-169M	-235M	-157M	-96.04M	-174M
Sale of Property, Plant, and Equipment	3.25M	2.84M	3.62M	71.72M	1.22M
Cash Acquisitions	-156M	-	-	-	-
Divestitures	-	-2.49M	967K	-	-
Investment in Marketable and Equity Securities, Total	50K	-202M	183M	-100M	-130M
Other Investing Activities, Total	690	1.38K	12.11M	13.33M	3.3M
Cash from Investing	-321M	-437M	42.27M	-111M	-299M
Short Term Debt Issued, Total	-	-	347M	67.43M	-
Long-Term Debt Issued, Total	80.7M	348M	-	-	38.99K
Total Debt Issued	80.7M	348M	347M	67.43M	38.99K
Short Term Debt Repaid, Total	-	-	-488M	-95.82M	-
Long-Term Debt Repaid, Total	-212M	-342M	-42.47M	-39.05M	-150M
Total Debt Repaid	-212M	-342M	-531M	-135M	-150M
Issuance of Common Stock	2.45M	-	-	-	-
Common Dividends Paid	-96.78M	-104M	-92.15M	-94.67M	-88.1M
Common & Preferred Stock Dividends Paid	-96.78M	-104M	-92.15M	-94.67M	-88.1M
Other Financing Activities, Total	-4.02M	-67.81M	-156M	-14.32M	16.82M
Cash from Financing	-230M	-165M	-432M	-176M	-221M
Foreign Exchange Rate Adjustments	8.86M	-32.93M	-10.26M	29.25M	2.5M
Net Change in Cash	6.8M	250M	196M	393M	141M
Supplemental Items
Cash Income Tax Paid (Refund)	633M	428M	514M	357M	-56.78K
Levered Free Cash Flow	41.2M	357M	-14.4M	425M	397M
Unlevered Free Cash Flow	48.92M	370M	-2.6M	434M	408M
Change In Net Working Capital	494M	85.38M	594M	-39.06M	-114M
Net Debt Issued / Repaid	-132M	6.01M	-184M	-67.44M	-150M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.09	5.9	5.05	2.65	2.28
Return on Total Capital	10.26	8.45	7.18	3.71	3.13
Return On Equity %	15.1	11.48	10.16	6.6	5.08
Return on Common Equity	15.32	11.72	10.15	6.68	5.05
Margin Analysis
Gross Profit Margin %	36.16	29.26	25.92	24.06	25.76
SG&A Margin	21.79	15.6	14.98	15.8	17.31
EBITDA Margin %	14.15	13.56	11.08	7.93	8.24
EBITA Margin %	11.84	11.2	8.62	5.64	5.54
EBIT Margin %	11.62	10.93	8.41	5.47	5.33
Income From Continuing Operations Margin %	10.1	8.74	7.04	5.81	5.24
Net Income Margin %	9.86	8.61	6.8	5.71	5.09
Net Avail. For Common Margin %	9.86	8.61	6.8	5.71	5.09
Normalized Net Income Margin	7.02	5.99	4.93	3.54	3.42
Levered Free Cash Flow Margin	0.56	4.91	-0.16	5.77	6.08
Unlevered Free Cash Flow Margin	0.67	5.1	-0.03	5.89	6.24
Asset Turnover
Asset Turnover	0.98	0.86	0.96	0.78	0.68
Fixed Assets Turnover	4.68	3.88	4.6	3.96