Cash flow DR Corporation Limited

Equities

301177

CNE100005501

Apparel & Accessories

End-of-day quote Shenzhen S.E. Other stock markets 2026-04-21			5-day change	1st Jan Change
29.43 ^CNY	+0.44%		+2.87%	+1.94%

Jan. 14	DR Corporation Limited Approves Board Elections	CI
Dec. 15	Certain A Shares of DR Corporation Limited are subject to a Lock-Up Agreement Ending on 16-DEC-2025.	CI

0d7b1c94810a292f8104585b659242f.XvEkpvmYAl7_xvOTEOHkSyBqJODX0VLKRZpLzH9IrO4.CshexM_LMmm2q7DHJ7mdOxgQFqXlqWupFqkimxMR_9kVwUvNkNNxGZjyxw

Published financial data: DR CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.45B	4.59B	3.65B	2.17B	1.47B
Other Revenues, Total	16.38M	28.07M	31.39M	6.52M	8.13M
Total Revenues	2.46B	4.62B	3.68B	2.18B	1.48B
Cost of Goods Sold, Total	760M	1.39B	1.12B	692M	529M
Gross Profit	1.7B	3.24B	2.57B	1.49B	953M
Selling General & Admin Expenses, Total	836M	1.34B	1.55B	1.36B	943M
Provision for Bad Debts	3.27M	2.02M	-3.7M	7.52M	-224K
R&D Expenses	16.8M	16.82M	17.94M	21.72M	17.92M
Other Operating Expenses	172M	288M	219M	136M	81.1M
Other Operating Expenses, Total	1.03B	1.64B	1.79B	1.52B	1.04B
Operating Income	676M	1.59B	779M	-33.67M	-88.71M
Interest Expense, Total	-	-12.33M	-23.83M	-22.15M	-12.53M
Interest And Investment Income	18.61M	49.47M	111M	210M	144M
Net Interest Expenses	18.61M	37.14M	87.09M	188M	132M
Currency Exchange Gains (Loss)	8.6K	719K	-1.55M	-1.38M	9.38M
Other Non Operating Income (Expenses)	-16.5M	-22.51M	-25.66M	-46.25M	-7.5M
EBT, Excl. Unusual Items	678M	1.61B	839M	106M	44.93M
Gain (Loss) On Sale Of Investments	6.03M	17.57M	39.29M	31.15M	33.34M
Gain (Loss) On Sale Of Assets	-417K	-733K	1.24M	19.71M	10.86M
Asset Writedown	-4	-5.41M	-18.5M	-56.74M	-12.4M
Other Unusual Items	7.85M	10.27M	24.06M	12.41M	5.54M
EBT, Incl. Unusual Items	692M	1.63B	885M	113M	82.28M
Income Tax Expense	128M	330M	156M	43.87M	29.25M
Earnings From Continuing Operations	563M	1.3B	729M	68.96M	53.03M
Net Income to Company	563M	1.3B	729M	68.96M	53.03M
Minority Interest	54.14K	10.61K	-	-	-
Net Income - (IS)	563M	1.3B	729M	68.96M	53.03M
Net Income to Common Incl Extra Items	563M	1.3B	729M	68.96M	53.03M
Net Income to Common Excl. Extra Items	563M	1.3B	729M	68.96M	53.03M
Per Share Items
Net EPS - Basic	1.56	3.62	1.82	0.17	0.13
Basic EPS - Continuing Operations	1.56	3.62	1.82	0.17	0.13
Basic Weighted Average Shares Outstanding	361M	360M	401M	406M	408M
Net EPS - Diluted	1.56	3.62	1.82	0.17	0.13
Diluted EPS - Continuing Operations	1.56	3.62	1.82	0.17	0.13
Diluted Weighted Average Shares Outstanding	361M	360M	401M	406M	408M
Normalized Basic EPS	1.17	2.8	1.31	0.16	0.07
Normalized Diluted EPS	1.17	2.8	1.31	0.16	0.07
Dividend Per Share	-	2	1	0.5	0.5
Payout Ratio	21.3	-	109.76	592.84	383.95
Supplemental Items
EBITDA	723M	1.6B	783M	-27.32M	-80.06M
EBITA	676M	1.59B	779M	-33.33M	-86.14M
EBIT	676M	1.59B	779M	-33.67M	-88.71M
EBITDAR	-	1.68B	821M	-20.89M	-71.13M
Total Revenues (As Reported)	2.46B	4.62B	3.68B	2.18B	1.48B
Effective Tax Rate - (Ratio)	18.57	20.22	17.64	38.88	35.55
Total Current Taxes	-	326M	155M	45.09M	27.95M
Total Deferred Taxes	-	4.31M	722K	-1.22M	1.3M
Normalized Net Income	424M	1.01B	525M	66.44M	28.08M
Interest on Long-Term Debt	-	12.33M	21.54M	14.96M	6.79M
Supplemental Operating Expense Items
Marketing Expenses	137M	307M	342M	208M	114M
Selling and Marketing Expenses	729M	1.14B	1.38B	1.22B	808M
General and Administrative Expenses	107M	118M	130M	127M	127M
Research And Development Expense From Footnotes	16.8M	16.82M	17.94M	21.72M	17.92M
Net Rental Expense, Total	-	80.85M	37.37M	6.43M	8.93M
Imputed Operating Lease Interest Expense	-	-	9.55M	1.33M	1.53M
Imputed Operating Lease Depreciation	-	-	27.83M	5.1M	7.4M
Stock-Based Comp., G&A Exp. (Total)	9.65M	4.09M	561K	187K	358K
Total Stock-Based Compensation	9.65M	4.09M	561K	187K	358K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	181M	4.74B	522M	228M	140M
Short Term Investments	-	162M	97.46M	476M	519M
Trading Asset Securities, Total	922M	1.82B	5.61B	4.84B	4.58B
Total Cash And Short Term Investments	1.1B	6.73B	6.23B	5.55B	5.24B
Accounts Receivable, Total	166M	175M	84.48M	83.15M	80.91M
Other Receivables	755K	5.09M	23.31M	36.72M	9.71M
Notes Receivable	1.04M	1.04M	-	-	-
Total Receivables	168M	181M	108M	120M	90.62M
Inventory	297M	440M	670M	527M	447M
Prepaid Expenses	38.88M	-	-	-	-
Other Current Assets, Total	11.82M	103M	142M	106M	105M
Total Current Assets	1.62B	7.45B	7.15B	6.3B	5.88B
Gross Property Plant And Equipment	9.16M	694M	1.05B	715M	396M
Accumulated Depreciation	-5.88M	-258M	-446M	-494M	-236M
Net Property Plant And Equipment	3.28M	436M	605M	222M	161M
Long-term Investments	156M	219M	795M	892M	974M
Other Intangibles, Total	6.32M	5.88M	4.26M	6.61M	469M
Loans Receivable Long-Term	-	1.44M	350K	-	-
Deferred Tax Assets Long-Term	5.03M	4.77M	8.19M	15.29M	12.6M
Deferred Charges Long-Term	73.66M	93.55M	-	-	-
Other Long-Term Assets, Total	68.48M	58.45M	255M	95.8M	55.88M
Total Assets	1.93B	8.27B	8.82B	7.53B	7.55B
Liabilities
Accounts Payable, Total	308M	455M	553M	76.15M	64.18M
Accrued Expenses, Total	130M	189M	190M	93.26M	90.1M
Short-term Borrowings	-	-	434M	390M	340M
Current Portion of Leases	-	215M	352M	196M	119M
Current Income Taxes Payable	59.41M	72.02M	34.16M	301K	9.16M
Unearned Revenue Current, Total	254M	210M	127M	110M	113M
Other Current Liabilities	53.26M	27.97M	21.15M	96.06M	421M
Total Current Liabilities	804M	1.17B	1.71B	961M	1.16B
Long-Term Leases	-	216M	277M	67.78M	57.72M
Deferred Tax Liability Non Current	565K	4.61M	8.75M	14.64M	13.27M
Other Non Current Liabilities	8.69M	12.39M	16.93M	14.1M	2.4M
Total Liabilities	813M	1.4B	2.01B	1.06B	1.23B
Common Stock, Total	360M	400M	400M	400M	400M
Additional Paid In Capital	51.33M	4.46B	4.4B	4.4B	4.4B
Retained Earnings	708M	2.01B	1.94B	1.61B	1.46B
Comprehensive Income and Other	-1.25M	-2.69M	59.98M	60.62M	58.46M
Total Common Equity	1.12B	6.87B	6.8B	6.47B	6.32B
Minority Interest	45.86K	-	-	-	-
Total Equity	1.12B	6.87B	6.8B	6.47B	6.32B
Total Liabilities And Equity	1.93B	8.27B	8.82B	7.53B	7.55B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	360M	400M	400M	400M	400M
ECS Total Common Shares Outstanding	360M	400M	400M	400M	400M
Book Value / Share	3.11	17.17	17.01	16.18	15.81
Tangible Book Value	1.11B	6.86B	6.8B	6.47B	5.85B
Tangible Book Value Per Share	3.09	17.15	17	16.16	14.64
Total Debt	0	431M	1.06B	653M	516M
Net Debt	-1.1B	-6.3B	-5.17B	-4.89B	-4.72B
Debt Equivalent Oper. Leases	-	647M	299M	51.42M	71.47M
Minority Interest, Total (Incl. Fin. Div)	45.86K	-	-	-	-
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	53.02M	102M	135M	127M	82.64M
Inventories - Work In Process, Total	25.24M	23.37M	19.31M	15.45M	31.48M
Inventories - Finished Goods, Total	221M	316M	517M	393M	348M
Inventories - Others	2.9M	4.69M	5.18M	2.71M	4.33M
Machinery, Total	9.16M	13.62M	24.39M	28.66M	30.46M
Full Time Employees	2.63K	3.56K	4.44K	3.2K	2.2K
Accumulated Allowance for Doubtful Accounts (Supple)	6.72M	8.75M	5.05M	3.04M	2.82M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	563M	1.3B	729M	68.96M	53.03M
Depreciation & Amortization - CF	47.37M	254M	360M	358M	232M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	342K	2.57M
Depreciation & Amortization, Total	47.37M	254M	360M	358M	235M
Amortization of Deferred Charges, Total - (CF)	-	59.73M	94.84M	99.3M	45.95M
(Gain) Loss From Sale Of Asset	-	733K	-1.24M	-19.71M	-10.86M
(Gain) Loss on Sale of Investments - (CF)	-	-59.2M	-128M	-236M	-174M
Asset Writedown & Restructuring Costs	-	5.41M	24.18M	92.46M	15.02M
Other Operating Activities, Total	283M	17.56M	28.37M	39.72M	16.06M
Change In Accounts Receivable	-	-35.77M	862K	19.3M	38.01M
Change In Inventories	-	-148M	-230M	189M	79.49M
Change In Accounts Payable	-	133M	-63.64M	-578M	25.15M
Change In Deferred Taxes	-	4.31M	721K	-1.22M	1.32M
Change in Other Net Operating Assets	-	10.17M	3.31M	4.88M	-7.52M
Cash from Operations	894M	1.54B	818M	36.97M	316M
Capital Expenditure	-39.9M	-104M	-155M	-77.2M	-272M
Sale of Property, Plant, and Equipment	290K	487K	283K	120K	543K
Investment in Marketable and Equity Securities, Total	-667M	-1.1B	-4.24B	360M	191M
Other Investing Activities, Total	14.79M	29.56M	83.39M	171M	167M
Cash from Investing	-692M	-1.17B	-4.31B	454M	86.34M
Short Term Debt Issued, Total	-	-	525M	518M	427M
Total Debt Issued	-	-	525M	518M	427M
Short Term Debt Repaid, Total	-	-	-94.32M	-560M	-478M
Long-Term Debt Repaid, Total	-	-	-	-343M	-240M
Total Debt Repaid	-	-	-94.32M	-903M	-719M
Issuance of Common Stock	-	4.46B	-	-	-
Common Dividends Paid	-120M	-	-800M	-409M	-204M
Common & Preferred Stock Dividends Paid	-120M	-	-800M	-409M	-204M
Other Financing Activities, Total	-1.23M	-272M	-361M	7.84M	12.16M
Cash from Financing	-121M	4.19B	-730M	-786M	-483M
Foreign Exchange Rate Adjustments	-1.06M	-1.94M	5.15M	677K	-6.94M
Net Change in Cash	79.57M	4.56B	-4.22B	-295M	-87.18M
Supplemental Items
Cash Income Tax Paid (Refund)	259M	779M	606M	328M	138M
Levered Free Cash Flow	749M	1.15B	546M	-37.29M	378M
Unlevered Free Cash Flow	749M	1.15B	561M	-23.45M	386M
Change In Net Working Capital	-309M	56.91M	226M	383M	-432M
Net Debt Issued / Repaid	-	-	431M	-385M	-291M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	28.49	19.54	5.7	-0.26	-0.74
Return on Total Capital	47.27	23.68	6.43	-0.28	-0.79
Return On Equity %	63.02	32.61	10.67	1.04	0.83
Return on Common Equity	63.02	32.61	10.67	1.04	0.83
Margin Analysis
Gross Profit Margin %	69.16	70.03	69.67	68.24	64.3
SG&A Margin	33.94	28.9	42.16	62.2	63.62
EBITDA Margin %	29.36	34.54	21.28	-1.25	-5.4
EBITA Margin %	27.43	34.49	21.17	-1.53	-5.81
EBIT Margin %	27.43	34.49	21.17	-1.54	-5.98
Income From Continuing Operations Margin %	22.85	28.16	19.81	3.16	3.58
Net Income Margin %	22.86	28.16	19.81	3.16	3.58
Net Avail. For Common Margin %	22.86	28.16	19.81	3.16	3.58
Normalized Net Income Margin	17.2	21.77	14.25	3.05	1.89
Levered Free Cash Flow Margin	30.4	24.79	14.82	-1.71	25.48
Unlevered Free Cash Flow Margin	30.4	24.96	15.23	-1.08	26.01
Asset Turnover
Asset Turnover	1.66	0.91	0.43	0.27	0.2
Fixed Assets Turnover	642.75	21.07	7.08	5.28	7.76
Receivables Turnover (Average Receivables)	19.62	26.94	28.15	25.94	17.97
Inventory Turnover (Average Inventory)	2.98	3.76	2.01	1.16	1.09
Short Term Liquidity
Current Ratio	2.01	6.37	4.18	6.55	5.09
Quick Ratio	1.58	5.9	3.7	5.9	4.61
Operating Cash Flow to Current Liabilities	1.11	1.32	0.48	0.04	0.27
Days Sales Outstanding (Average Receivables)	18.65	13.55	12.97	14.07	20.36
Days Outstanding Inventory (Average Inventory)	122.89	97.11	181.41	315.44	336.9
Average Days Payable Outstanding	96.32	91.19	136.74	209.09	57.09
Cash Conversion Cycle (Average Days)	45.23	19.46	57.64	120.42	300.17
Long Term Solvency
Total Debt/Equity	-	6.27	15.61	10.09	8.16
Total Debt / Total Capital	-	5.9	13.5	9.17	7.54
LT Debt/Equity	-	3.14	4.06	1.05	0.91
Long-Term Debt / Total Capital	-	2.96	3.52	0.95	0.84
Total Liabilities / Total Assets	42.1	16.96	22.83	14.04	16.27
EBIT / Interest Expense	-	129.31	32.71	-1.52	-7.08
EBITDA / Interest Expense	-	149.91	47.8	14.66	11.67
(EBITDA - Capex) / Interest Expense	-	141.5	41.27	11.17	-10.05
Total Debt / EBITDA	-	0.23	0.93	2.01	3.53
Net Debt / EBITDA	-1.52	-3.41	-4.54	-15.07	-32.28
Total Debt / (EBITDA - Capex)	-	0.25	1.08	2.64	-4.1
Net Debt / (EBITDA - Capex)	-1.61	-3.61	-5.25	-19.78	37.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	48.06	87.57	-20.36	-40.78	-32.01
Gross Profit, 1 Yr. Growth %	45.91	90.24	-20.77	-42	-34.36
EBITDA, 1 Yr. Growth %	123.53	135.75	-50.99	-103.47	56.28
EBITA, 1 Yr. Growth %	145.03	136.18	-51.18	-104.26	50.51
EBIT, 1 Yr. Growth %	145.03	136.81	-51.11	-104.32	48.19
Earnings From Cont. Operations, 1 Yr. Growth %	113.42	131.12	-43.98	-90.54	-23.1
Net Income, 1 Yr. Growth %	113.44	131.09	-43.98	-90.54	-23.1
Normalized Net Income, 1 Yr. Growth %	144.18	137.35	-47.87	-87.33	-57.73
Diluted EPS Before Extra, 1 Yr. Growth %	113.7	132.05	-49.72	-90.66	-23.53
Accounts Receivable, 1 Yr. Growth %	99.37	5.23	-51.69	-1.58	-2.69
Inventory, 1 Yr. Growth %	39.34	48.08	52.26	-21.34	-15.08
Net Property, Plant and Equip., 1 Yr. Growth %	-25.43	13.2K	38.78	-63.35	-27.51
Total Assets, 1 Yr. Growth %	86.65	328.09	6.61	-14.58	0.29
Tangible Book Value, 1 Yr. Growth %	67.71	516.95	-0.9	-4.89	-9.45
Common Equity, 1 Yr. Growth %	67.1	513.99	-0.93	-4.86	-2.3
Cash From Operations, 1 Yr. Growth %	149.99	72.82	-47.03	-95.48	755.27
Capital Expenditures, 1 Yr. Growth %	-42.17	160.03	49.8	-50.33	252.61
Levered Free Cash Flow, 1 Yr. Growth %	266.86	53.35	-52.37	-106.83	-803.84
Unlevered Free Cash Flow, 1 Yr. Growth %	266.86	54.38	-51.4	-104.18	-1.07K
Dividend Per Share, 1 Yr. Growth %	-	-	-50	-50	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	28.17	66.65	22.22	-31.32	-36.54
Gross Profit, 2 Yr. CAGR %	27.64	66.47	22.77	-32.21	-39.04
EBITDA, 2 Yr. CAGR %	36.05	122.1	7.55	-86.93	-68.09
EBITA, 2 Yr. CAGR %	36.91	140.4	7.44	-85.55	-66.82
EBIT, 2 Yr. CAGR %	36.91	140.4	7.59	-85.47	-66.26
Earnings From Cont. Operations, 2 Yr. CAGR %	43.75	122.09	13.78	-76.98	-73.03
Net Income, 2 Yr. CAGR %	43.75	122.09	13.78	-76.98	-73.03
Normalized Net Income, 2 Yr. CAGR %	37.98	140.74	11.24	-74.3	-76.86
Diluted EPS Before Extra, 2 Yr. CAGR %	43.27	122.69	8.01	-78.33	-73.27
Accounts Receivable, 2 Yr. CAGR %	62.1	44.84	-28.7	-31.05	-2.13
Inventory, 2 Yr. CAGR %	21.96	43.64	50.15	9.44	-18.27
Net Property, Plant and Equip., 2 Yr. CAGR %	36.27	895.84	1.26K	-28.68	-48.45
Total Assets, 2 Yr. CAGR %	60.31	182.67	113.63	-4.57	-7.44
Tangible Book Value, 2 Yr. CAGR %	51.25	221.66	147.26	-2.92	-7.2
Common Equity, 2 Yr. CAGR %	51.21	220.31	146.64	-2.91	-3.59
Cash From Operations, 2 Yr. CAGR %	119.63	107.85	-4.32	-84.53	-37.83
Capital Expenditures, 2 Yr. CAGR %	-16.66	22.63	97.37	-13.74	32.34
Levered Free Cash Flow, 2 Yr. CAGR %	166.1	136.91	-14.55	-81.96	-16.81
Unlevered Free Cash Flow, 2 Yr. CAGR %	166.1	137.71	-13.39	-85.74	-17.07
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-50	-29.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	30.18	45.52	30.29	-4	-31.55
Gross Profit, 3 Yr. CAGR %	30.01	45.72	29.97	-4.38	-33.48
EBITDA, 3 Yr. CAGR %	28.42	59.85	34.27	-65.7	-63.14
EBITA, 3 Yr. CAGR %	27.41	64.12	41.36	-63.32	-62.21
EBIT, 3 Yr. CAGR %	27.41	64.12	41.36	-63.16	-61.82
Earnings From Cont. Operations, 3 Yr. CAGR %	31.01	68.4	40.33	-50.35	-65.59
Net Income, 3 Yr. CAGR %	31.02	68.4	40.33	-50.35	-65.59
Normalized Net Income, 3 Yr. CAGR %	27.18	65.33	44.57	-46.09	-69.67
Diluted EPS Before Extra, 3 Yr. CAGR %	30.62	68.25	35.6	-52.24	-67.01
Accounts Receivable, 3 Yr. CAGR %	85.14	40.35	0.45	-20.61	-22.66
Inventory, 3 Yr. CAGR %	33.18	30.11	46.46	21.04	0.56
Net Property, Plant and Equip., 3 Yr. CAGR %	16	527.37	416.3	307.45	-28.29
Total Assets, 3 Yr. CAGR %	50.59	122.41	104.23	57.38	-2.98
Tangible Book Value, 3 Yr. CAGR %	45.99	141.66	117.25	79.82	-5.15
Common Equity, 3 Yr. CAGR %	46.17	141.23	116.62	79.54	-2.71
Cash From Operations, 3 Yr. CAGR %	59.87	102.76	31.78	-65.41	-41.06
Capital Expenditures, 3 Yr. CAGR %	-4.51	21.78	31.09	24.61	37.92
Levered Free Cash Flow, 3 Yr. CAGR %	-	121.27	38.78	-63.19	-30.92
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	121.76	40.03	-68.46	-30.6
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	26.93	7.76	-2.29
Gross Profit, 5 Yr. CAGR %	-	-	27.02	7.3	-3.99
EBITDA, 5 Yr. CAGR %	-	-	18.05	-41.26	-24.37
EBITA, 5 Yr. CAGR %	-	-	18.98	-37.89	-20.77
EBIT, 5 Yr. CAGR %	-	-	18.98	-37.77	-20.3
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	23.83	-24.04	-27.45
Net Income, 5 Yr. CAGR %	-	-	23.83	-24.04	-27.45
Normalized Net Income, 5 Yr. CAGR %	-	-	20.54	-21.48	-30.53
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	21.06	-25.88	-29.19
Accounts Receivable, 5 Yr. CAGR %	-	-	26.39	5.62	-0.59
Inventory, 5 Yr. CAGR %	-	-	39.73	21.41	15.98
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	210.38	162.91	105.41
Total Assets, 5 Yr. CAGR %	-	-	73.2	58.55	48.81
Tangible Book Value, 5 Yr. CAGR %	-	-	80.24	67.8	54.59
Common Equity, 5 Yr. CAGR %	-	-	80.2	67.62	56.7
Cash From Operations, 5 Yr. CAGR %	-	-	30.19	-27.55	-2.42
Capital Expenditures, 5 Yr. CAGR %	-	-	27.67	6.09	31.59
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-18.82	13.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-26.02	13.55