HUNAN AIRBLUER ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD.

Cash flow Hunan Airbluer Environmental Protection Technology Co., Ltd.

Equities

301259

CNE100005CQ6

Construction & Engineering

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-18			5-day change	1st Jan Change
26.50 ^CNY	-2.82%		-1.85%	+60.31%

Aug. 28	Hunan Airbluer Environmental Protection Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 22	Hunan Airbluer Environmental Protection Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: HUNAN AIRBLUER ENVIRONMENTAL PROTECTION TECHNOLOGY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	442M	492M	522M	476M	178M
Total Revenues	442M	492M	522M	476M	178M
Cost of Goods Sold, Total	320M	357M	374M	301M	135M
Gross Profit	122M	135M	148M	175M	42.89M
Selling General & Admin Expenses, Total	29.76M	32.95M	36.74M	41.89M	39.9M
Provision for Bad Debts	11.23M	15.72M	15.74M	29.37M	25.99M
R&D Expenses	18.2M	19.27M	19.9M	17.47M	17.24M
Other Operating Expenses	783K	1.48M	1.13M	1.5M	1.33M
Other Operating Expenses, Total	59.97M	69.42M	73.51M	90.23M	84.47M
Operating Income	62.02M	65.4M	74.6M	84.75M	-41.57M
Interest Expense, Total	-10.4K	-	-1.98M	-4.69M	-4.71M
Interest And Investment Income	316K	699K	918K	6.57M	10.41M
Net Interest Expenses	306K	699K	-1.06M	1.88M	5.7M
Other Non Operating Income (Expenses)	-776K	-194K	-342K	-2.43M	399K
EBT, Excl. Unusual Items	61.55M	65.9M	73.2M	84.21M	-35.47M
Impairment of Goodwill	-	-	-	-	-1.79M
Gain (Loss) On Sale Of Investments	-	-	-	222K	639K
Gain (Loss) On Sale Of Assets	-	-	-	-	28.8K
Asset Writedown	-	-21.42K	-	-247K	-349K
Other Unusual Items	554K	1.51M	7.74M	211K	3.25M
EBT, Incl. Unusual Items	62.11M	67.39M	80.93M	84.39M	-33.69M
Income Tax Expense	7.62M	8.5M	9.91M	10.17M	-6.09M
Earnings From Continuing Operations	54.49M	58.9M	71.03M	74.23M	-27.6M
Net Income to Company	54.49M	58.9M	71.03M	74.23M	-27.6M
Minority Interest	-	-144	-383K	-212K	43.5K
Net Income - (IS)	54.49M	58.9M	70.65M	74.01M	-27.55M
Net Income to Common Incl Extra Items	54.49M	58.9M	70.65M	74.01M	-27.55M
Net Income to Common Excl. Extra Items	54.49M	58.9M	70.65M	74.01M	-27.55M
Per Share Items
Net EPS - Basic	0.47	0.5	0.6	0.52	-0.2
Basic EPS - Continuing Operations	0.47	0.5	0.6	0.52	-0.2
Basic Weighted Average Shares Outstanding	116M	117M	117M	143M	141M
Net EPS - Diluted	0.47	0.5	0.6	0.52	-0.2
Diluted EPS - Continuing Operations	0.47	0.5	0.6	0.52	-0.2
Diluted Weighted Average Shares Outstanding	116M	117M	117M	143M	141M
Normalized Basic EPS	0.33	0.35	0.39	0.37	-0.16
Normalized Diluted EPS	0.33	0.35	0.39	0.37	-0.16
Dividend Per Share	-	-	-	0.25	-
Payout Ratio	-	-	-	54.04	-28.07
Supplemental Items
EBITDA	63M	66.46M	75.79M	87.22M	-37.83M
EBITA	62.29M	65.66M	74.87M	85.02M	-41.28M
EBIT	62.02M	65.4M	74.6M	84.75M	-41.57M
EBITDAR	-	66.73M	76.06M	87.52M	-37.51M
Total Revenues (As Reported)	-	-	-	476M	178M
Effective Tax Rate - (Ratio)	12.27	12.61	12.24	12.05	18.08
Current Domestic Taxes	9.6M	-	-	14.91M	-2.05K
Total Current Taxes	9.6M	10.68M	12.23M	14.91M	-2.05K
Deferred Domestic Taxes	-1.98M	-	-	-4.74M	-6.09M
Total Deferred Taxes	-1.98M	-2.19M	-2.32M	-4.74M	-6.09M
Normalized Net Income	38.47M	41.19M	45.36M	52.42M	-22.12M
Interest on Long-Term Debt	-	-	-	-	1.6M
Supplemental Operating Expense Items
Selling and Marketing Expenses	11.02M	13.1M	14.61M	14.95M	13.53M
General and Administrative Expenses	18.74M	19.58M	21.87M	26.68M	26.09M
Research And Development Expense From Footnotes	18.2M	19.27M	19.9M	17.47M	17.24M
Net Rental Expense, Total	-	265K	265K	302K	320K
Imputed Operating Lease Interest Expense	-	-	-	113K	85.87K
Imputed Operating Lease Depreciation	-	-	-	189K	234K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	114M	93.82M	144M	146M	66.83M
Trading Asset Securities, Total	-	-	-	43.09M	128M
Total Cash And Short Term Investments	114M	93.82M	144M	189M	195M
Accounts Receivable, Total	270M	379M	553M	598M	407M
Other Receivables	4.98M	2.67M	7.2M	46.86M	16.61M
Total Receivables	275M	382M	560M	645M	423M
Inventory	167M	1.91M	6.13M	4.66M	16.98M
Prepaid Expenses	-	-	-	-	321K
Other Current Assets, Total	11.11M	6.64M	11.05M	6.34M	3.49M
Total Current Assets	567M	485M	721M	844M	639M
Gross Property Plant And Equipment	4.74M	10.92M	21.6M	92.7M	107M
Accumulated Depreciation	-2.34M	-2.8M	-3.73M	-8.74M	-15.02M
Net Property Plant And Equipment	2.4M	8.12M	17.88M	83.96M	92.08M
Long-term Investments	-	-	-	-	282M
Goodwill	-	-	-	1.79M	-
Other Intangibles, Total	12.83M	12.57M	12.3M	12.04M	11.75M
Accounts Receivable Long-Term	-	155M	151M	351M	209M
Deferred Tax Assets Long-Term	4.13M	6.32M	8.64M	14.56M	26.47M
Deferred Charges Long-Term	-	-	-	6.34M	5.77M
Other Long-Term Assets, Total	-	-	-	235M	179M
Total Assets	587M	666M	911M	1.55B	1.44B
Liabilities
Accounts Payable, Total	220M	309M	392M	427M	331M
Accrued Expenses, Total	9.5M	14.02M	14.51M	7.4M	5.7M
Short-term Borrowings	-	-	5M	20M	-
Current Portion of Long-Term Debt	-	-	6M	6.8M	9.35M
Current Portion of Leases	-	-	-	3.74M	4.76M
Current Income Taxes Payable	2.81M	7.47M	8.21M	12.99M	-
Unearned Revenue Current, Total	126M	5.61M	1.59M	1.17M	4.24M
Other Current Liabilities	24.81M	27.47M	43.01M	64.71M	63.33M
Total Current Liabilities	383M	363M	471M	544M	418M
Long-Term Debt	-	-	65M	61.2M	112M
Long-Term Leases	-	-	-	33.09M	29.96M
Unearned Revenue Non Current	-	-	1M	1.11M	114K
Deferred Tax Liability Non Current	-	-	-	1.18M	7.06M
Other Non Current Liabilities	1.21M	-	-	-	-
Total Liabilities	384M	363M	537M	640M	567M
Common Stock, Total	90M	90M	90M	120M	156M
Additional Paid In Capital	15.01M	15.01M	15.01M	477M	438M
Retained Earnings	95.7M	190M	260M	298M	267M
Comprehensive Income and Other	1.42M	3.34M	3.76M	5.95M	5.24M
Total Common Equity	202M	298M	369M	901M	866M
Minority Interest	-	5M	5.38M	8.28M	11.17M
Total Equity	202M	303M	374M	909M	877M
Total Liabilities And Equity	587M	666M	911M	1.55B	1.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	117M	117M	117M	156M	156M
ECS Total Common Shares Outstanding	117M	117M	117M	156M	156M
Book Value / Share	1.73	2.55	3.15	5.77	5.55
Tangible Book Value	189M	285M	357M	887M	854M
Tangible Book Value Per Share	1.62	2.44	3.05	5.69	5.48
Total Debt	0	0	76M	125M	156M
Net Debt	-114M	-93.82M	-67.77M	-64.02M	-38.59M
Debt Equivalent Oper. Leases	-	2.12M	2.12M	2.42M	2.56M
Minority Interest, Total (Incl. Fin. Div)	-	5M	5.38M	8.28M	11.17M
Account Code - Inventory Valuation	5	-	5	5	5
Inventories - Raw Materials, Total	1.84M	841K	4.36M	1.43M	831K
Inventories - Work In Process, Total	165M	884K	1.18M	2M	14.59M
Inventories - Finished Goods, Total	-	181K	601K	1.1M	1.77M
Inventories - Others	-	-	-	128K	127K
Buildings, Total	-	-	-	34.71M	43.82M
Machinery, Total	4.51M	4.92M	5.88M	11.99M	21.88M
Full Time Employees	258	-	-	287	261
Accumulated Allowance for Doubtful Accounts (Supple)	24.87M	36.91M	50.08M	67.44M	87.76M
Order Backlog	-	-	-	122M	17.76M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	54.49M	58.9M	70.65M	74.01M	-27.55M
Depreciation & Amortization - CF	717K	802K	928K	3.88M	7.43M
Amortization of Goodwill and Intangible Assets - (CF)	265K	265K	265K	265K	287K
Depreciation & Amortization, Total	982K	1.07M	1.19M	4.15M	7.71M
Amortization of Deferred Charges, Total - (CF)	-	-	-	267K	2.35M
(Gain) Loss From Sale Of Asset	-	-	-	-	-28.8K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-1.21M	-1.59M
Asset Writedown & Restructuring Costs	-	741	-	247K	2.14M
Provision for Credit Losses	11.98M	-	-	-	-
Provision and Write-off of Bad Debts	-	15.72M	15.74M	29.37M	25.99M
Other Operating Activities, Total	10.23K	74.53K	2.41M	2.95M	-7.4M
Change In Accounts Receivable	-145M	-118M	-132M	-219M	280M
Change In Inventories	-327K	86.14M	-4.23M	1.85M	-11.98M
Change In Accounts Payable	80.84M	-1.9M	93.91M	311K	-135M
Change In Deferred Taxes	-1.98M	-2.19M	-2.32M	-4.74M	-6.09M
Change in Other Net Operating Assets	724K	1.14M	1.01M	-	-
Cash from Operations	1.52M	40.81M	46.65M	-112M	129M
Capital Expenditure	-701K	-77.64M	-82.81M	-56.8M	-129M
Sale of Property, Plant, and Equipment	-	-	-	-	74.52K
Cash Acquisitions	-	-	-	-4.9M	-100K
Investment in Marketable and Equity Securities, Total	-	-	-	-274M	-123M
Other Investing Activities, Total	-	-	956K	3.43M	21.34M
Cash from Investing	-701K	-77.64M	-81.85M	-333M	-231M
Long-Term Debt Issued, Total	8.54M	-	86.12M	118M	60M
Total Debt Issued	8.54M	-	86.12M	118M	60M
Long-Term Debt Repaid, Total	-8.54M	-	-10.12M	-109M	-30.52M
Total Debt Repaid	-8.54M	-	-10.12M	-109M	-30.52M
Issuance of Common Stock	-	-	-	508M	-
Common Dividends Paid	-	-	-	-40M	-7.73M
Common & Preferred Stock Dividends Paid	-	-	-	-40M	-7.73M
Other Financing Activities, Total	-734K	3.86M	-2.99M	-18.08M	-
Cash from Financing	-734K	3.86M	73.01M	459M	21.75M
Net Change in Cash	80.65K	-32.97M	37.81M	14.36M	-80.44M
Supplemental Items
Cash Interest Paid	10.4K	-	1.98M	-	-
Cash Income Tax Paid (Refund)	19.3M	23.89M	18.87M	22.18M	25.1M
Levered Free Cash Flow	-14.06M	45.6M	-126M	-27.22M	-46.13M
Unlevered Free Cash Flow	-14.06M	45.6M	-125M	-24.29M	-43.19M
Change In Net Working Capital	53.1M	-81.3M	90.11M	24.88M	-102M
Net Debt Issued / Repaid	0	-	76M	9.55M	29.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.47	6.96	5.91	4.31	-1.73
Return on Total Capital	22.11	15.05	12.38	7.14	-2.51
Return On Equity %	31.08	21.68	20.97	11.57	-3.09
Return on Common Equity	31.08	21.88	21.18	11.66	-3.12
Margin Analysis
Gross Profit Margin %	27.61	27.41	28.39	36.78	24.11
SG&A Margin	6.74	6.7	7.04	8.8	22.43
EBITDA Margin %	14.26	13.51	14.53	18.33	-21.26
EBITA Margin %	14.1	13.35	14.35	17.87	-23.21
EBIT Margin %	14.04	13.3	14.3	17.81	-23.37
Income From Continuing Operations Margin %	12.33	11.98	13.61	15.6	-15.51
Net Income Margin %	12.33	11.98	13.54	15.56	-15.49
Net Avail. For Common Margin %	12.33	11.98	13.54	15.56	-15.49
Normalized Net Income Margin	8.71	8.37	8.69	11.02	-12.44
Levered Free Cash Flow Margin	-3.18	9.27	-24.21	-5.72	-25.93
Unlevered Free Cash Flow Margin	-3.18	9.27	-23.98	-5.11	-24.28
Asset Turnover
Asset Turnover	0.85	0.84	0.66	0.39	0.12
Fixed Assets Turnover	180.89	93.53	40.14	9.34	2.02
Receivables Turnover (Average Receivables)	2.13	1.51	1.12	0.83	0.35
Inventory Turnover (Average Inventory)	1.91	7.94	92.94	55.75	12.48
Short Term Liquidity
Current Ratio	1.48	1.33	1.53	1.55	1.53
Quick Ratio	1.01	1.31	1.5	1.53	1.48
Operating Cash Flow to Current Liabilities	0	0.11	0.1	-0.21	0.31
Days Sales Outstanding (Average Receivables)	171.64	241.8	326	441.18	1.03K
Days Outstanding Inventory (Average Inventory)	190.68	46.11	3.93	6.55	29.25
Average Days Payable Outstanding	210.46	357.33	338.6	499.46	938.64
Cash Conversion Cycle (Average Days)	151.86	-69.42	-8.68	-51.74	121.15
Long Term Solvency
Total Debt/Equity	-	-	20.3	13.73	17.79
Total Debt / Total Capital	-	-	16.87	12.07	15.11
LT Debt/Equity	-	-	17.36	10.37	16.18
Long-Term Debt / Total Capital	-	-	14.43	9.12	13.74
Total Liabilities / Total Assets	65.54	54.54	58.9	41.33	39.27
EBIT / Interest Expense	5.96K	-	37.66	18.09	-8.83
EBITDA / Interest Expense	6.06K	-	38.27	18.97	-7.19
(EBITDA - Capex) / Interest Expense	5.99K	-	-3.54	6.85	-34.64
Total Debt / EBITDA	-	-	1	1.4	-4.61
Net Debt / EBITDA	-1.8	-1.41	-0.89	-0.72	1.14
Total Debt / (EBITDA - Capex)	-	-	-10.83	3.89	-0.96
Net Debt / (EBITDA - Capex)	-1.82	8.39	9.66	-1.99	0.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	41.73	11.7	6.09	-8.81	-62.61
Gross Profit, 1 Yr. Growth %	47.08	12.33	9.86	18.14	-75.49
EBITDA, 1 Yr. Growth %	45.34	7.33	14.04	15.08	-143.37
EBITA, 1 Yr. Growth %