Income Statement FIYTA Precision Technology Co., Ltd.

Equities

000026

CNE000000875

Apparel & Accessories

End-of-day quote Shenzhen S.E. Other stock markets 2025-02-11			5-day change	1st Jan Change
10.49 ^CNY	+1.16%		+4.59%	+1.16%

Oct. 25	FIYTA Precision Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI
Sep. 09	FIYTA Precision Technology Co., Ltd. Approves Board Appointments	CI

7f7.om-AqTslVQn0GM7mQfYTHoM59eG29MbpZVUYen7S96A.-x7t7ANKZEq7f4WCMaRBVeZroI_vlZyMH2VOEzenh9TKQu3TaG8-OoJbqQ

Published financial data: FIYTA PRECISION TECHNOLOGY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.69B	4.23B	5.22B	4.34B	4.55B
Other Revenues, Total	17.25M	16.45M	18.9M	17.51M	15.98M
Total Revenues	3.7B	4.24B	5.24B	4.35B	4.57B
Cost of Goods Sold, Total	2.22B	2.65B	3.31B	2.78B	2.9B
Gross Profit	1.48B	1.59B	1.93B	1.58B	1.66B
Selling General & Admin Expenses, Total	1.11B	1.13B	1.31B	1.15B	1.13B
Provision for Bad Debts	16.35M	6.63M	11.08M	-4.85M	-6.83M
R&D Expenses	43.18M	50.05M	57.8M	61.09M	57.8M
Other Operating Expenses	28.19M	25.44M	37.56M	30.8M	33.86M
Other Operating Expenses, Total	1.2B	1.21B	1.42B	1.24B	1.21B
Operating Income	287M	378M	514M	340M	451M
Interest Expense, Total	-23.98M	-21.32M	-23.16M	-16.85M	-12.82M
Interest And Investment Income	1.96M	4.94M	3.59M	3.92M	5.72M
Net Interest Expenses	-22.02M	-16.37M	-19.57M	-12.92M	-7.1M
Income (Loss) On Equity Invest.	1.79M	5.07M	3.75M	3.03M	-5.82M
Currency Exchange Gains (Loss)	2.92K	-3.9M	-634K	3.05M	-1.88M
Other Non Operating Income (Expenses)	-10.88M	-14.21M	-14.47M	-11.32M	-12.49M
EBT, Excl. Unusual Items	256M	349M	483M	321M	423M
Gain (Loss) On Sale Of Assets	-926K	-370K	730K	91.92K	686K
Asset Writedown	-	-	-	-	-
Other Unusual Items	21.57M	25.29M	18.27M	17.58M	13.02M
EBT, Incl. Unusual Items	276M	373M	502M	339M	437M
Income Tax Expense	60.32M	79.34M	114M	72.44M	104M
Earnings From Continuing Operations	216M	294M	388M	267M	333M
Net Income to Company	216M	294M	388M	267M	333M
Minority Interest	-	-6.95K	-20.06K	-	-
Net Income - (IS)	216M	294M	388M	267M	333M
Net Income to Common Incl Extra Items	216M	294M	388M	267M	333M
Net Income to Common Excl. Extra Items	216M	294M	388M	267M	333M
Per Share Items
Net EPS - Basic	0.49	0.68	0.9	0.64	0.81
Basic EPS - Continuing Operations	0.49	0.68	0.9	0.64	0.81
Basic Weighted Average Shares Outstanding	437M	435M	429M	417M	412M
Net EPS - Diluted	0.49	0.68	0.9	0.64	0.81
Diluted EPS - Continuing Operations	0.49	0.68	0.9	0.64	0.81
Diluted Weighted Average Shares Outstanding	437M	435M	429M	417M	413M
Normalized Basic EPS	0.37	0.5	0.7	0.48	0.64
Normalized Diluted EPS	0.37	0.5	0.7	0.48	0.64
Dividend Per Share	0.2	0.41	0.3	0.25	0.4
Payout Ratio	51.42	36.28	48.23	50.44	34.25
Supplemental Items
EBITDA	333M	422M	559M	382M	494M
EBITA	289M	380M	516M	341M	453M
EBIT	287M	378M	514M	340M	451M
EBITDAR	334M	423M	559M	469M	581M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	21.84	21.24	22.79	21.36	23.76
Current Domestic Taxes	-	-	112M	86.36M	88.56M
Total Current Taxes	42.13M	74.7M	112M	86.36M	88.56M
Deferred Domestic Taxes	-	-	2.38M	-13.92M	15.27M
Total Deferred Taxes	18.19M	4.64M	2.38M	-13.92M	15.27M
Normalized Net Income	160M	218M	302M	201M	265M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	-	-	4.58M
Non-Cash Pension Expense	3.63M	2.47M	3.4M	12.17M	3.56M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	157M	131M	161M	115M	147M
Selling and Marketing Expenses	868M	872M	1.05B	932M	924M
General and Administrative Expenses	241M	257M	262M	219M	205M
Research And Development Expense From Footnotes	45.06M	51.49M	57.8M	61.09M	57.8M
Net Rental Expense, Total	734K	734K	734K	86.76M	87.26M
Imputed Operating Lease Interest Expense	250K	223K	282K	28.47M	23.45M
Imputed Operating Lease Depreciation	483K	510K	452K	58.28M	63.81M
Stock-Based Comp., Other (Total)	4.44M	5.57M	12.11M	9.87M	-4.08M
Total Stock-Based Compensation	4.44M	5.57M	12.11M	9.87M	-4.08M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	319M	355M	211M	316M	505M
Total Cash And Short Term Investments	319M	355M	211M	316M	505M
Accounts Receivable, Total	408M	524M	450M	338M	341M
Other Receivables	1.23M	6.45M	5.83M	7.67M	7.3M
Total Receivables	409M	530M	456M	345M	349M
Inventory	1.81B	1.93B	2.05B	2.14B	2.1B
Prepaid Expenses	1.94M	-	-	-	-
Restricted Cash	-	-	1.72M	717K	1.2M
Other Current Assets, Total	122M	137M	134M	121M	128M
Total Current Assets	2.66B	2.95B	2.85B	2.92B	3.08B
Gross Property Plant And Equipment	596M	607M	937M	1.02B	833M
Accumulated Depreciation	-232M	-255M	-440M	-549M	-368M
Net Property Plant And Equipment	364M	353M	497M	475M	465M
Long-term Investments	46.51M	51.49M	55.24M	58.27M	51.86M
Other Intangibles, Total	38.71M	37.86M	34.04M	33.2M	31.66M
Deferred Tax Assets Long-Term	83.74M	80.91M	81.23M	95.78M	80.23M
Deferred Charges Long-Term	153M	130M	164M	144M	122M
Other Long-Term Assets, Total	415M	412M	426M	387M	370M
Total Assets	3.76B	4.02B	4.11B	4.12B	4.2B
Liabilities
Accounts Payable, Total	280M	303M	253M	172M	172M
Accrued Expenses, Total	94.48M	178M	207M	192M	172M
Short-term Borrowings	568M	543M	266M	290M	250M
Current Portion of Long-Term Debt	360K	370K	3.92M	-	-
Current Portion of Leases	-	-	83.03M	71.55M	66.4M
Current Income Taxes Payable	15.51M	29.49M	15.66M	16.75M	21.28M
Unearned Revenue Current, Total	23.43M	28.21M	33.53M	33.8M	22.55M
Other Current Liabilities	116M	126M	163M	156M	117M
Total Current Liabilities	1.1B	1.21B	1.03B	932M	821M
Long-Term Debt	4.32M	4.07M	-	-	-
Long-Term Leases	-	-	64.92M	41.64M	43.53M
Unearned Revenue Non Current	3.05M	2.92M	1.79M	1.3M	953K
Deferred Tax Liability Non Current	1.26M	3.07M	5.24M	5.5M	5.21M
Total Liabilities	1.11B	1.22B	1.1B	981M	870M
Common Stock, Total	443M	428M	426M	418M	415M
Additional Paid In Capital	1.06B	997M	1.01B	970M	968M
Retained Earnings	1.2B	1.41B	1.61B	1.75B	1.98B
Treasury Stock	-71.27M	-61.63M	-60.59M	-50.76M	-78.65M
Comprehensive Income and Other	17.99M	25.48M	24.2M	45.17M	44.45M
Total Common Equity	2.65B	2.8B	3.01B	3.14B	3.33B
Minority Interest	5.91K	12.28K	-	-	-
Total Equity	2.65B	2.8B	3.01B	3.14B	3.33B
Total Liabilities And Equity	3.76B	4.02B	4.11B	4.12B	4.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	433M	415M	426M	418M	406M
ECS Total Common Shares Outstanding	433M	415M	426M	418M	406M
Book Value / Share	6.13	6.74	7.07	7.51	8.21
Tangible Book Value	2.62B	2.76B	2.98B	3.1B	3.3B
Tangible Book Value Per Share	6.04	6.65	6.99	7.43	8.14
Total Debt	573M	547M	418M	403M	360M
Net Debt	254M	192M	207M	87.55M	-145M
Debt Equivalent Oper. Leases	5.87M	5.87M	5.87M	694M	698M
Minority Interest, Total (Incl. Fin. Div)	5.91K	12.28K	-	-	-
Equity Method Investments, Total	46.42M	51.4M	55.16M	58.18M	51.86M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	196M	179M	182M	162M	167M
Inventories - Work In Process, Total	11.71M	12.57M	20.68M	7.2M	12.06M
Inventories - Finished Goods, Total	1.68B	1.84B	1.96B	2.09B	1.99B
Machinery, Total	196M	208M	215M	225M	239M
Full Time Employees	-	4.9K	5.08K	4.32K	4.24K
Accumulated Allowance for Doubtful Accounts (Supple)	29.26M	35.5M	46.17M	41.6M	34.81M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	216M	294M	388M	267M	333M
Depreciation & Amortization - CF	44.21M	42.15M	143M	151M	146M
Amortization of Goodwill and Intangible Assets - (CF)	2.53M	1.85M	2M	1.88M	1.97M
Depreciation & Amortization, Total	46.73M	43.99M	145M	153M	148M
Amortization of Deferred Charges, Total - (CF)	107M	114M	108M	114M	92.76M
(Gain) Loss From Sale Of Asset	926K	370K	-730K	-91.92K	-686K
(Gain) Loss on Sale of Investments - (CF)	-1.79M	-5.07M	-3.75M	-3.03M	5.82M
Provision and Write-off of Bad Debts	16.35M	6.63M	11.08M	-4.85M	-6.83M
Other Operating Activities, Total	28.56M	39.22M	49.04M	54.47M	9.77M
Change In Accounts Receivable	-41.75M	-138M	59.77M	121M	34.51M
Change In Inventories	-30.81M	-137M	-133M	-92.63M	82.61M
Change In Accounts Payable	85.24M	156M	-77.57M	-118M	-77.78M
Change In Deferred Taxes	18.19M	4.64M	1.85M	-14.29M	15.27M
Change in Other Net Operating Assets	-	-	-	-	-3.8M
Cash from Operations	445M	378M	547M	476M	632M
Capital Expenditure	-167M	-134M	-204M	-114M	-91.1M
Sale of Property, Plant, and Equipment	626K	151K	59.66K	139K	1.28M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	500K
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-166M	-133M	-204M	-114M	-89.33M
Short Term Debt Issued, Total	-	-	-	-	250M
Long-Term Debt Issued, Total	700M	743M	1.16B	845M	-
Total Debt Issued	700M	743M	1.16B	845M	250M
Short Term Debt Repaid, Total	-	-	-	-	-290M
Long-Term Debt Repaid, Total	-681M	-768M	-1.5B	-918M	-115M
Total Debt Repaid	-681M	-768M	-1.5B	-918M	-405M
Issuance of Common Stock	18.59M	-	58.22M	-	-
Repurchase of Common Stock	-53.12M	-72.32M	-9.18M	-53.39M	-83.15M
Common Dividends Paid	-111M	-107M	-187M	-135M	-114M
Common & Preferred Stock Dividends Paid	-111M	-107M	-187M	-135M	-114M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-127M	-204M	-485M	-261M	-352M
Foreign Exchange Rate Adjustments	468K	-2.81M	-1.14M	2.13M	-20.54K
Net Change in Cash	152M	37.96M	-143M	103M	191M
Supplemental Items
Cash Income Tax Paid (Refund)	236M	220M	345M	264M	294M
Levered Free Cash Flow	161M	132M	335M	296M	382M
Unlevered Free Cash Flow	175M	145M	349M	306M	390M
Change In Net Working Capital	-4.58M	121M	32.86M	68.29M	36.6M
Net Debt Issued / Repaid	18.8M	-25.03M	-347M	-73.02M	-155M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.87	6.07	7.91	5.16	6.77
Return on Total Capital	5.64	7.19	9.48	6.09	7.79
Return On Equity %	8.26	10.78	13.34	8.67	10.3
Return on Common Equity	8.26	10.78	13.34	8.67	10.3
Margin Analysis
Gross Profit Margin %	40.03	37.44	36.85	36.23	36.43
SG&A Margin	29.92	26.6	25.01	26.43	24.71
EBITDA Margin %	9	9.94	10.65	8.77	10.82
EBITA Margin %	7.81	8.95	9.84	7.84	9.9
EBIT Margin %	7.74	8.91	9.81	7.8	9.86
Income From Continuing Operations Margin %	5.83	6.93	7.4	6.12	7.29
Net Income Margin %	5.83	6.93	7.4	6.12	7.29
Net Avail. For Common Margin %	5.83	6.93	7.4	6.12	7.29
Normalized Net Income Margin	4.31	5.13	5.76	4.61	5.79
Levered Free Cash Flow Margin	4.33	3.11	6.38	6.79	8.36
Unlevered Free Cash Flow Margin	4.74	3.42	6.66	7.03	8.54
Asset Turnover
Asset Turnover	1.01	1.09	1.29	1.06	1.1
Fixed Assets Turnover	9.24	11.84	12.34	8.96	9.72
Receivables Turnover (Average Receivables)	9.39	9.07	10.73	11.01	13.41
Inventory Turnover (Average Inventory)	1.24	1.42	1.66	1.32	1.37
Short Term Liquidity
Current Ratio	2.42	2.44	2.78	3.14	3.76
Quick Ratio	0.66	0.73	0.65	0.71	1.04
Operating Cash Flow to Current Liabilities	0.41	0.31	0.53	0.51	0.77
Days Sales Outstanding (Average Receivables)	38.89	40.34	34.02	33.15	27.21
Days Outstanding Inventory (Average Inventory)	295.02	257.86	219.45	275.5	266.5
Average Days Payable Outstanding	43.81	37.56	29.62	27.04	21.87
Cash Conversion Cycle (Average Days)	290.09	260.64	223.85	281.6	271.84
Long Term Solvency
Total Debt/Equity	21.57	19.54	13.87	12.86	10.8
Total Debt / Total Capital	17.74	16.35