Balance Sheet Dongfeng Motor Group Company Limited

Equities

489 CNE100000312

Auto & Truck Manufacturers

Market Closed - Hong Kong S.E. Other stock markets 03:08:15 2025-01-17 am EST			5-day change	1st Jan Change
3.130 ^HKD	-0.95%		-6.01%	-15.86%

Jan. 07	Dongfeng Motor Group Posts Higher Sales, Production in December	MT
Jan. 07	Dongfeng Motor Group Company Limited Reports Sales Results for the Month and Year to Date Ended December 2024	CI

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Published financial data: DONGFENG MOTOR GROUP COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	101B	108B	113B	92.66B	99.32B
Total Revenues	101B	108B	113B	92.66B	99.32B
Cost of Goods Sold, Total	87.6B	93.26B	100B	84.83B	90.9B
Gross Profit	13.49B	14.7B	12.84B	7.83B	8.41B
Selling General & Admin Expenses, Total	9.42B	9.45B	10.94B	11.7B	13.53B
Provision for Bad Debts	-	222M	480M	96M	-164M
Other Operating Expenses	5.45B	7B	6.29B	5.64B	5.58B
Other Operating Expenses, Total	14.88B	16.68B	17.71B	17.43B	18.94B
Operating Income	-1.38B	-1.98B	-4.88B	-9.6B	-10.53B
Interest Expense, Total	-603M	-994M	-1B	-910M	-771M
Interest And Investment Income	712M	998M	2.58B	1.46B	1.76B
Net Interest Expenses	109M	4M	1.58B	555M	988M
Income (Loss) On Equity Invest.	15.55B	12.46B	13.6B	12.75B	1.32B
Currency Exchange Gains (Loss)	43M	-203M	458M	68M	-304M
Other Non Operating Income (Expenses)	1.52B	2.2B	2.36B	2.52B	2.15B
EBT, Excl. Unusual Items	15.83B	12.48B	13.13B	6.29B	-6.37B
Impairment of Goodwill	-13M	-	-	-	-
Gain (Loss) On Sale Of Investments	-1.16B	-	-	1.94B	129M
Gain (Loss) On Sale Of Assets	107M	-88M	295M	319M	178M
Asset Writedown	-159M	-1.69B	-681M	-169M	-318M
Other Unusual Items	-	1.52B	20M	-	-
EBT, Incl. Unusual Items	14.6B	12.22B	12.76B	8.38B	-6.38B
Income Tax Expense	1.76B	1.62B	1.38B	-929M	428M
Earnings From Continuing Operations	12.85B	10.6B	11.38B	9.31B	-6.81B
Net Income to Company	12.85B	10.6B	11.38B	9.31B	-6.81B
Minority Interest	12M	192M	12M	952M	2.82B
Net Income - (IS)	12.86B	10.79B	11.39B	10.26B	-4B
Net Income to Common Incl Extra Items	12.86B	10.79B	11.39B	10.26B	-4B
Net Income to Common Excl. Extra Items	12.86B	10.79B	11.39B	10.26B	-4B
Per Share Items
Net EPS - Basic	1.49	1.25	1.32	1.19	-0.47
Basic EPS - Continuing Operations	1.49	1.25	1.32	1.19	-0.47
Basic Weighted Average Shares Outstanding	8.62B	8.62B	8.62B	8.62B	8.51B
Net EPS - Diluted	1.49	1.25	1.32	1.19	-0.47
Diluted EPS - Continuing Operations	1.49	1.25	1.32	1.19	-0.47
Diluted Weighted Average Shares Outstanding	8.62B	8.62B	8.62B	8.62B	8.51B
Normalized Basic EPS	1.15	0.93	0.95	0.57	-0.14
Normalized Diluted EPS	1.15	0.93	0.95	0.57	-0.14
Dividend Per Share	0.35	0.1	0.3	0.3	-
Payout Ratio	23.46	27.95	30.45	25.18	-64.06
American Depositary Receipts Ratio (ADR)	50	50	50	50	50
Supplemental Items
EBITDA	1.38B	983M	-1.25B	-5.51B	-5.75B
EBITA	-615M	-1.08B	-3.71B	-8.4B	-9.06B
EBIT	-1.38B	-1.98B	-4.88B	-9.6B	-10.53B
EBITDAR	1.56B	1.15B	-1.05B	-5.27B	-5.44B
Effective Tax Rate - (Ratio)	12.04	13.24	10.85	-11.08	-6.7
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	1.49B	1.76B	1.96B	965M	1.44B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	269M	-145M	-578M	-1.89B	-1.01B
Normalized Net Income	9.91B	7.99B	8.22B	4.88B	-1.17B
Interest Capitalized	1M	-	-	-	-
Interest on Long-Term Debt	109M	100M	127M	115M	111M
Supplemental Operating Expense Items
Selling and Marketing Expenses	4.35B	4.94B	5.74B	6.57B	8.22B
General and Administrative Expenses	5.08B	4.51B	5.2B	5.13B	5.31B
Research And Development Expense From Footnotes	4.74B	5.1B	5.52B	4.39B	4.57B
Net Rental Expense, Total	189M	166M	195M	234M	306M
Imputed Operating Lease Interest Expense	25.52M	24.4M	28.42M	33.4M	32.53M
Imputed Operating Lease Depreciation	163M	142M	167M	201M	273M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	26.77B	47.64B	50.27B	68.05B	79.3B
Short Term Investments	16.83B	20.83B	15.03B	10.43B	14.65B
Trading Asset Securities, Total	6.97B	8.12B	14.03B	15.74B	16.57B
Total Cash And Short Term Investments	50.57B	76.59B	79.33B	94.22B	111B
Accounts Receivable, Total	12.65B	11.91B	8.19B	16.14B	16.06B
Other Receivables	9.37B	7.13B	9.7B	9.53B	1.08B
Notes Receivable	47.69B	59.16B	60.55B	46.25B	30.86B
Total Receivables	69.7B	78.2B	78.44B	71.91B	48B
Inventory	12.19B	12.52B	11.42B	13.13B	14.23B
Restricted Cash	3.32B	3.46B	3.64B	1.95B	4.16B
Other Current Assets, Total	6.32B	1.3B	2.05B	1.78B	1.7B
Total Current Assets	142B	172B	175B	183B	179B
Gross Property Plant And Equipment	35.06B	41.5B	40.42B	48.02B	54.19B
Accumulated Depreciation	-14.42B	-17.2B	-17.35B	-21.55B	-24.96B
Net Property Plant And Equipment	20.64B	24.3B	23.07B	26.47B	29.23B
Long-term Investments	62.34B	68.61B	74.38B	66.98B	64.42B
Goodwill	1.75B	1.73B	1.73B	3.16B	3.16B
Other Intangibles, Total	4.04B	3.91B	4.16B	4.74B	6.9B
Loans Receivable Long-Term	33.31B	36.36B	29.28B	28.22B	29.28B
Deferred Tax Assets Long-Term	2.36B	2.93B	2.93B	4.83B	5.08B
Deferred Charges Long-Term	1.03B	1.15B	1.66B	3.82B	3.57B
Other Long-Term Assets, Total	4.43B	5.45B	7.67B	8.83B	10.43B
Total Assets	272B	317B	320B	330B	331B
Liabilities
Accounts Payable, Total	46.59B	57.9B	48.27B	41.41B	56.46B
Accrued Expenses, Total	2.68B	3.09B	3.07B	3.11B	2.54B
Short-term Borrowings	14.2B	18.5B	15.11B	18.61B	22.63B
Current Portion of Long-Term Debt	5.05B	19.77B	13.02B	9.48B	8.35B
Current Portion of Leases	154M	138M	298M	300M	315M
Current Income Taxes Payable	1.01B	1.31B	1.54B	1.14B	1.49B
Unearned Revenue Current, Total	3.4B	4.11B	5.63B	3.81B	4.32B
Other Current Liabilities	31.09B	37.25B	52.65B	52.22B	36.87B
Total Current Liabilities	104B	142B	140B	130B	133B
Long-Term Debt	23.92B	22.37B	16.65B	24.34B	28.28B
Long-Term Leases	2.08B	1.98B	2.18B	1.93B	1.81B
Unearned Revenue Non Current	2.09B	2.31B	2.5B	2.5B	2.2B
Deferred Tax Liability Non Current	2.28B	2.69B	2.88B	1.62B	1.69B
Other Non Current Liabilities	3.48B	3.97B	3.9B	4.04B	4.13B
Total Liabilities	138B	175B	168B	164B	171B
Common Stock, Total	8.62B	8.62B	8.62B	8.62B	8.3B
Retained Earnings	116B	124B	133B	142B	137B
Treasury Stock	-	-	-	-93M	-78M
Comprehensive Income and Other	2.73B	2.93B	5.44B	5.36B	7.2B
Total Common Equity	128B	136B	147B	156B	153B
Minority Interest	6.19B	5.32B	4.72B	9.68B	6.82B
Total Equity	134B	141B	152B	166B	160B
Total Liabilities And Equity	272B	317B	320B	330B	331B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.62B	8.62B	8.62B	8.59B	8.28B
ECS Total Common Shares Outstanding	8.62B	8.62B	8.62B	8.59B	8.28B
Book Value / Share	14.83	15.76	17.1	18.14	18.45
Tangible Book Value	122B	130B	141B	148B	143B
Tangible Book Value Per Share	14.16	15.11	16.42	17.22	17.24
Total Debt	45.41B	62.77B	47.27B	54.65B	61.38B
Net Debt	-5.16B	-13.82B	-32.06B	-39.57B	-49.14B
Debt Equivalent Oper. Leases	1.51B	1.33B	1.56B	1.87B	2.45B
Minority Interest, Total (Incl. Fin. Div)	6.19B	5.32B	4.72B	9.68B	6.82B
Equity Method Investments, Total	62.14B	68.37B	56.51B	56.59B	55.43B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.73B	2.31B	1.68B	3.26B	2.13B
Inventories - Work In Process, Total	1.59B	814M	742M	934M	1.01B
Inventories - Finished Goods, Total	8.87B	9.4B	9B	8.94B	11.1B
Buildings, Total	8.32B	9.71B	9.06B	10.09B	10.54B
Machinery, Total	19.25B	21.38B	25.22B	30.2B	35.17B
Full Time Employees	137K	124K	122K	119K	113K
Accumulated Allowance for Doubtful Accounts (Supple)	1.06B	1.22B	1.6B	2.33B	2.16B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	12.86B	10.79B	11.39B	10.26B	-4B
Depreciation & Amortization - CF	2.21B	2.3B	2.76B	3.25B	3.74B
Amortization of Goodwill and Intangible Assets - (CF)	769M	892M	1.16B	1.19B	1.47B
Depreciation & Amortization, Total	2.98B	3.2B	3.93B	4.44B	5.21B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-107M	418M	-295M	-319M	-178M
(Gain) Loss on Sale of Investments - (CF)	45M	147M	-564M	412M	-44M
Asset Writedown & Restructuring Costs	173M	1.69B	681M	169M	318M
Provision for Credit Losses	907M	957M	1.35B	993M	1.05B
(Income) Loss On Equity Investments - (CF)	-15.55B	-12.46B	-13.6B	-12.75B	-1.32B
Provision and Write-off of Bad Debts	153M	222M	480M	96M	-164M
Other Operating Activities, Total	-413M	-91M	-2.08B	-3.99B	-4.29B
Change In Accounts Receivable	451M	-5.65B	9.56B	867M	-1.73B
Change In Inventories	-1.38B	-659M	1.1B	-1.02B	-1.53B
Change In Accounts Payable	10.64B	12.86B	-10.79B	-14.56B	11.87B
Change in Other Net Operating Assets	-22.32B	-10.21B	7.69B	21.95B	3.36B
Cash from Operations	-11.56B	1.23B	8.84B	6.56B	8.55B
Capital Expenditure	-4.3B	-4.04B	-4.6B	-4.17B	-9.7B
Sale of Property, Plant, and Equipment	271M	18M	951M	981M	862M
Cash Acquisitions	-	951M	-158M	-3.8B	-
Divestitures	-	1.49B	2.09B	938M	79M
Sale (Purchase) of Intangible assets	-878M	-1.01B	-2.05B	-3.88B	-2.98B
Investment in Marketable and Equity Securities, Total	-1.88B	-813M	2.56B	3.1B	2.98B
Other Investing Activities, Total	8.26B	14.84B	6.55B	15.2B	8.89B
Cash from Investing	1.47B	11.43B	5.34B	8.37B	129M
Long-Term Debt Issued, Total	23.61B	26.34B	22.91B	18.15B	25.71B
Total Debt Issued	23.61B	26.34B	22.91B	18.15B	25.71B
Long-Term Debt Repaid, Total	-8.86B	-15.22B	-29.74B	-17.71B	-23.24B
Total Debt Repaid	-8.86B	-15.22B	-29.74B	-17.71B	-23.24B
Repurchase of Common Stock	-	-	-	-	-963M
Common Dividends Paid	-3.02B	-3.02B	-3.47B	-2.58B	-2.56B
Common & Preferred Stock Dividends Paid	-3.02B	-3.02B	-3.47B	-2.58B	-2.56B
Other Financing Activities, Total	-496M	-528M	-934M	3.28B	-579M
Cash from Financing	11.24B	7.58B	-11.23B	1.13B	-1.63B
Foreign Exchange Rate Adjustments	-	-	-318M	153M	96M
Net Change in Cash	1.16B	20.24B	2.63B	16.21B	7.15B
Supplemental Items
Cash Interest Paid	418M	866M	897M	516M	702M
Cash Income Tax Paid (Refund)	1.22B	1.01B	2.36B	1.61B	1.72B
Levered Free Cash Flow	1.81B	8.1B	1.06B	-12.8B	6.14B
Unlevered Free Cash Flow	2.19B	8.72B	1.69B	-12.23B	6.62B
Change In Net Working Capital	-5.25B	-11.81B	-7.46B	2.62B	-20.67B
Net Debt Issued / Repaid	14.75B	11.13B	-6.83B	440M	2.48B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.35	-0.42	-0.96	-1.84	-1.99
Return on Total Capital	-0.52	-0.64	-1.51	-2.86	-2.98
Return On Equity %	9.92	7.71	7.76	5.86	-4.19
Return on Common Equity	10.45	8.19	8.04	6.77	-2.59
Margin Analysis
Gross Profit Margin %	13.35	13.62	11.36	8.45	8.47
SG&A Margin	9.32	8.76	9.68	12.62	13.62
EBITDA Margin %	1.36	0.91	-1.11	-5.94	-5.79
EBITA Margin %	-0.61	-1	-3.28	-9.07	-9.12
EBIT Margin %	-1.37	-1.83	-4.31	-10.36	-10.6
Income From Continuing Operations Margin %	12.71	9.82	10.07	10.05	-6.86
Net Income Margin %	12.72	10	10.08	11.08	-4.02
Net Avail. For Common Margin %	12.72	10	10.08	11.08	-4.02
Normalized Net Income Margin	9.8	7.4	7.27	5.27	-1.17
Levered Free Cash Flow Margin	1.79	7.5	0.94	-13.81	6.18
Unlevered Free Cash Flow Margin	2.17	8.08	1.5	-13.2	6.67
Asset Turnover
Asset Turnover	0.41	0.37	0.35	0.29	0.3
Fixed Assets Turnover	5.54	4.81	4.75	3.74	3.57
Receivables Turnover (Average Receivables)	5.68	8.79	11.23	7.6	6.17
Inventory Turnover (Average Inventory)	7.65	7.55	8.26	6.85	6.64
Short Term Liquidity
Current Ratio	1.36	1.21	1.25	1.41	1.34
Quick Ratio	0.7	0.67	0.7	0.92	0.96
Operating Cash Flow to Current Liabilities	-0.11	0.01	0.06	0.05	0.06
Days Sales Outstanding (Average Receivables)	64.24	41.62	32.51	48	59.15
Days Outstanding Inventory (Average Inventory)	47.71	48.5	44.19	53.25	54.94
Average Days Payable Outstanding	171.54	204.3	196.59	189.73	194.12
Cash Conversion Cycle (Average Days)	-59.59	-114.18	-119.89	-88.47	-80.03
Long Term Solvency
Total Debt/Equity	33.9	44.48	31.08	33.02	38.46
Total Debt / Total Capital