DONGGUAN KINGSUN OPTOELECTRONIC CO.,LTD.

Balance Sheet Dongguan Kingsun Optoelectronic Co.,Ltd.

Equities

002638

CNE1000019F9

Construction Supplies & Fixtures

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
1.700 ^CNY	+1.19%		+3.03%	-37.27%

Aug. 27	Dongguan Kingsun Optoelectronic Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Jul. 23	Kingsun Optoelectronic's Unit Inks Smart City Development Cooperation Deal With Inspur Smart City Technology; Shares Up 10%	MT

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Published financial data: DONGGUAN KINGSUN OPTOELECTRONIC CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.24B	988M	1.04B	557M	320M
Other Revenues, Total	8.72M	7.66M	10.69M	10.61M	9.3M
Total Revenues	1.25B	995M	1.05B	567M	329M
Cost of Goods Sold, Total	1.03B	847M	950M	538M	361M
Gross Profit	225M	148M	100M	29.41M	-31.98M
Selling General & Admin Expenses, Total	211M	172M	255M	163M	116M
Provision for Bad Debts	143M	-76.02M	76.88M	27.48M	24.39M
R&D Expenses	18.75M	11.88M	18.5M	16.74M	9.31M
Other Operating Expenses	10.77M	5.29M	7.49M	5.65M	4.56M
Other Operating Expenses, Total	383M	113M	358M	213M	154M
Operating Income	-158M	34.86M	-257M	-183M	-186M
Interest Expense, Total	-13.9M	-375K	-11.62M	-4.52M	-307K
Interest And Investment Income	31.84M	95.6M	11.23M	160M	8M
Net Interest Expenses	17.94M	95.22M	-389K	156M	7.7M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	5.44M	-32.84M	-21.69M	47.88M	8.5M
Other Non Operating Income (Expenses)	-35.38M	-1.62M	-1.09M	-520K	-39.94M
EBT, Excl. Unusual Items	-170M	95.62M	-280M	19.87M	-209M
Impairment of Goodwill	-	-	-443M	-	-
Gain (Loss) On Sale Of Investments	3.96M	-55.92M	-83.97M	2.57M	146M
Gain (Loss) On Sale Of Assets	15.66K	1.93M	1.05M	1.3M	4.2M
Asset Writedown	-180K	-1.5M	-48.02M	-132K	-18.25M
Insurance Settlements	-	42.55K	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-190M	12.77M	10.3M	12.97M	12.8M
EBT, Incl. Unusual Items	-357M	52.94M	-844M	36.58M	-64.55M
Income Tax Expense	9.83M	7.74M	18.04M	-6.84M	-5.47M
Earnings From Continuing Operations	-367M	45.2M	-862M	43.42M	-59.09M
Net Income to Company	-367M	45.2M	-862M	43.42M	-59.09M
Minority Interest	-6.22M	-11.98K	972	23.66K	13.68K
Net Income - (IS)	-373M	45.19M	-862M	43.44M	-59.07M
Net Income to Common Incl Extra Items	-373M	45.19M	-862M	43.44M	-59.07M
Net Income to Common Excl. Extra Items	-373M	45.19M	-862M	43.44M	-59.07M
Per Share Items
Net EPS - Basic	-0.24	0.03	-0.57	0.03	-0.04
Basic EPS - Continuing Operations	-0.24	0.03	-0.57	0.03	-0.04
Basic Weighted Average Shares Outstanding	1.55B	1.51B	1.51B	1.45B	1.48B
Net EPS - Diluted	-0.24	0.03	-0.57	0.03	-0.04
Diluted EPS - Continuing Operations	-0.24	0.03	-0.57	0.03	-0.04
Diluted Weighted Average Shares Outstanding	1.55B	1.51B	1.51B	1.45B	1.48B
Normalized Basic EPS	-0.07	0.04	-0.12	0.01	-0.09
Normalized Diluted EPS	-0.07	0.04	-0.12	0.01	-0.09
Dividend Per Share	-	-	-	-	-
Payout Ratio	-4.28	0.19	-	-	-
Supplemental Items
EBITDA	-116M	81.34M	-210M	-149M	-149M
EBITA	-145M	49.17M	-236M	-168M	-170M
EBIT	-158M	34.86M	-257M	-183M	-186M
EBITDAR	-116M	86.75M	-203M	-141M	-142M
Total Revenues (As Reported)	1.25B	995M	1.05B	567M	329M
Effective Tax Rate - (Ratio)	-2.75	14.63	-2.14	-18.7	8.47
Total Current Taxes	11.03M	17.38M	867K	68.25K	-1.86M
Total Deferred Taxes	-1.21M	-9.64M	17.17M	-6.91M	-3.61M
Normalized Net Income	-113M	59.75M	-175M	12.44M	-131M
Interest on Long-Term Debt	1.1M	-	11.13M	1.96M	6.52K
Non-Cash Pension Expense	221K	7.46M	7.61M	3.5M	1.8M
Supplemental Operating Expense Items
Advertising Expense	-	15.74M	11.2M	531K	995K
Selling and Marketing Expenses	99.23M	69.98M	99.35M	61.13M	43.21M
General and Administrative Expenses	112M	97.3M	149M	99.33M	71.35M
Research And Development Expense From Footnotes	23.99M	18.62M	27.62M	24M	19.25M
Net Rental Expense, Total	302K	5.41M	6.18M	8.26M	6.92M
Imputed Operating Lease Interest Expense	89.58K	-	-	-	-
Imputed Operating Lease Depreciation	212K	-	-	-	-
Maintenance & Repair Expenses, Total	-	-	3.21M	1.83M	832K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	516M	482M	768M	258M	479M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	603M	555M	-	640M	469M
Total Cash And Short Term Investments	1.12B	1.04B	768M	898M	949M
Accounts Receivable, Total	557M	490M	339M	298M	278M
Other Receivables	107M	189M	132M	33.81M	21.94M
Total Receivables	664M	678M	470M	332M	300M
Inventory	273M	367M	472M	268M	165M
Other Current Assets, Total	220M	236M	185M	171M	161M
Total Current Assets	2.28B	2.32B	1.89B	1.67B	1.57B
Gross Property Plant And Equipment	709M	530M	1.1B	856M	727M
Accumulated Depreciation	-347M	-358M	-377M	-320M	-201M
Net Property Plant And Equipment	362M	172M	723M	536M	527M
Long-term Investments	1B	404M	383M	355M	315M
Goodwill	443M	443M	-	-	-
Other Intangibles, Total	85.26M	105M	284M	294M	272M
Accounts Receivable Long-Term	64.32M	-	-	45.15M	-
Deferred Tax Assets Long-Term	85.78M	95.24M	78.06M	68.35M	70.38M
Deferred Charges Long-Term	68.51M	42.03M	29.78M	6.42M	13.98M
Other Long-Term Assets, Total	78.77M	849M	85.73M	24.7M	18.52M
Total Assets	4.47B	4.43B	3.48B	3B	2.79B
Liabilities
Accounts Payable, Total	147M	174M	141M	61.61M	80.29M
Accrued Expenses, Total	111M	119M	97.92M	48.18M	47.62M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	-	-	57.27M	-	571K
Current Income Taxes Payable	9.36M	14.9M	11.46M	4.97M	1.42M
Unearned Revenue Current, Total	361M	395M	219M	48.85M	24.09M
Other Current Liabilities	86.04M	38.35M	45.36M	21.91M	71.35M
Total Current Liabilities	715M	741M	572M	186M	225M
Long-Term Debt	107M	-	-	-	-
Long-Term Leases	-	-	119M	-	468K
Unearned Revenue Non Current	68.35M	60.76M	54.14M	47.11M	40.85M
Deferred Tax Liability Non Current	601K	419K	-	-	40.64K
Other Non Current Liabilities	14.33M	17.61M	8.11M	7.15M	6.21M
Total Liabilities	905M	820M	753M	240M	273M
Common Stock, Total	1.52B	1.52B	1.51B	1.51B	1.45B
Additional Paid In Capital	3.48B	3.48B	3.48B	3.48B	3.38B
Retained Earnings	-1.44B	-1.39B	-2.26B	-2.22B	-2.28B
Treasury Stock	-	-	-	-	-27.52M
Comprehensive Income and Other	-7.36M	-3.93M	-1.58M	-5.43M	-1.91M
Total Common Equity	3.56B	3.6B	2.73B	2.76B	2.52B
Minority Interest	6.43M	6.44M	273K	250K	236K
Total Equity	3.56B	3.61B	2.73B	2.76B	2.52B
Total Liabilities And Equity	4.47B	4.43B	3.48B	3B	2.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.52B	1.52B	1.51B	1.51B	1.44B
ECS Total Common Shares Outstanding	1.52B	1.52B	1.51B	1.51B	1.44B
Book Value / Share	2.34	2.37	1.81	1.83	1.75
Tangible Book Value	3.03B	3.05B	2.44B	2.46B	2.25B
Tangible Book Value Per Share	1.99	2.01	1.62	1.64	1.56
Total Debt	107M	0	176M	0	1.04M
Net Debt	-1.01B	-1.04B	-592M	-898M	-947M
Debt Equivalent Oper. Leases	2.41M	43.29M	49.4M	66.05M	55.39M
Minority Interest, Total (Incl. Fin. Div)	6.43M	6.44M	273K	250K	236K
Equity Method Investments, Total	417M	397M	374M	355M	315M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	87.01M	78.05M	91.62M	80.2M	59.16M
Inventories - Work In Process, Total	101M	144M	162M	51.14M	40.03M
Inventories - Finished Goods, Total	213M	259M	341M	317M	298M
Buildings, Total	191M	207M	182M	173M	150M
Machinery, Total	131M	223M	182M	173M	153M
Full Time Employees	-	3.48K	1.69K	743	798
Accumulated Allowance for Doubtful Accounts (Supple)	241M	212M	225M	161M	175M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-373M	45.19M	-862M	43.44M	-59.07M
Depreciation & Amortization - CF	28.78M	32.17M	99.86M	38.65M	20.58M
Amortization of Goodwill and Intangible Assets - (CF)	13.54M	14.31M	21.65M	15.44M	15.93M
Depreciation & Amortization, Total	42.32M	46.48M	122M	54.09M	36.5M
Amortization of Deferred Charges, Total - (CF)	23.68M	27.21M	53.97M	1.97M	817K
(Gain) Loss From Sale Of Asset	-15.66K	-1.93M	-1.05M	-1.3M	-4.2M
(Gain) Loss on Sale of Investments - (CF)	-18.25M	-36.38M	83.97M	-152M	-146M
Asset Writedown & Restructuring Costs	180K	1.5M	491M	132K	18.25M
Provision and Write-off of Bad Debts	143M	-76.02M	76.88M	27.48M	60.12M
Other Operating Activities, Total	44.67M	33.24M	55.69M	14.17M	46.61M
Change In Accounts Receivable	-263M	-68.05M	84.88M	4.95M	34.81M
Change In Inventories	8.36M	-79.56M	-115M	146M	51.82M
Change In Accounts Payable	177M	54.15M	-243M	-54.09M	20.89M
Change In Deferred Taxes	-1.21M	-9.64M	14.63M	9.71M	-1.99M
Cash from Operations	-217M	-63.82M	-238M	94.48M	58.35M
Capital Expenditure	-59.54M	-57.44M	-20.2M	-6.21M	-14.05M
Sale of Property, Plant, and Equipment	33.14K	10.21M	1.66M	608K	261K
Cash Acquisitions	-	-	161K	-	-
Divestitures	-64.31M	103M	28.12M	43.88M	-
Investment in Marketable and Equity Securities, Total	263M	46.11M	555M	-641M	165M
Other Investing Activities, Total	164M	140M	26.09M	8.88M	16.81M
Cash from Investing	303M	241M	591M	-593M	168M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	139M	-	-	-	-
Total Debt Issued	139M	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-677M	-100M	-96.29M	-18.76M	-95.88K
Total Debt Repaid	-677M	-100M	-96.29M	-18.76M	-95.88K
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-1
Common Dividends Paid	-15.96M	-85.3K	-	-	-
Common & Preferred Stock Dividends Paid	-15.96M	-85.3K	-	-	-
Other Financing Activities, Total	-	-	-	6.68K	-
Cash from Financing	-554M	-100M	-96.29M	-18.76M	-95.88K
Foreign Exchange Rate Adjustments	3.34M	6.44M	-4.15M	7.39M	1.96M
Net Change in Cash	-465M	83.43M	252M	-510M	228M
Supplemental Items
Cash Income Tax Paid (Refund)	53.4M	7.68M	4.52M	-18.29M	-10.48M
Levered Free Cash Flow	31.67M	-61.14M	-84.26M	-40.16M	90.54M
Unlevered Free Cash Flow	40.36M	-60.91M	-77M	-37.33M	90.74M
Change In Net Working Capital	-133M	98.95M	71.49M	-27.32M	-184M
Net Debt Issued / Repaid	-538M	-100M	-96.29M	-18.76M	-95.88K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-2.02	0.49	-4.07	-3.54	-4.01
Return on Total Capital	-2.4	0.6	-4.94	-4.05	-4.4
Return On Equity %	-9.78	1.26	-27.22	1.58	-2.24
Return on Common Equity	-9.96	1.26	-27.25	1.58	-2.24
Margin Analysis
Gross Profit Margin %	17.96	14.9	9.55	5.18	-9.72
SG&A Margin	16.85	17.31	24.25	28.69	35.1
EBITDA Margin %	-9.25	8.17	-19.96	-26.25	-45.38
EBITA Margin %	-11.55	4.94	-22.43	-29.58	-51.6
EBIT Margin %	-12.63	3.5	-24.5	-32.3	-56.44
Income From Continuing Operations Margin %	-29.27	4.54	-82.12	7.65	-17.95
Net Income Margin %	-29.76	4.54	-82.12	7.66	-17.95
Net Avail. For Common Margin %	-29.76	4.54	-82.12	7.66	-17.95
Normalized Net Income Margin	-8.99	6	-16.69	2.19	-39.78
Levered Free Cash Flow Margin	2.53	-6.14	-8.02	-7.08	27.51
Unlevered Free Cash Flow Margin	3.22	-6.12	-7.33	-6.58	27.57
Asset Turnover
Asset Turnover