JIANGSU NATA OPTO-ELECTRONIC MATERIAL CO., LTD.

Balance Sheet Jiangsu Nata Opto-electronic Material Co., Ltd.

Equities

300346

CNE100001K48

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-18			5-day change	1st Jan Change
27.17 ^CNY	+4.62%		+0.78%	-1.59%

Aug. 30	Jiangsu Nata Opto-Electronic Material Co., Ltd. Announces the Profit Distribution Proposal for the First Half of 2024	CI
Aug. 29	Jiangsu Nata Opto-electronic Material Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

115b067a8448645f00517493e78.Oo5NB3sSlm6yxwBrqCIMOa9_iG5Q0ofmsbVPpT3pyNs.frk5SwtlzzjV_nQg90A6XJsvvQM0ntOT-_4kz1yEm-pd0R1DIiLmDcKDZw

Published financial data: JIANGSU NATA OPTO-ELECTRONIC MATERIAL CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2018	2019	2020	2021	2022
Revenues	225M	316M	576M	951M	1.49B
Other Revenues, Total	3.35M	5.64M	18.89M	33.03M	92.45M
Total Revenues	228M	321M	595M	984M	1.58B
Cost of Goods Sold, Total	127M	200M	379M	620M	966M
Gross Profit	101M	121M	216M	364M	616M
Selling General & Admin Expenses, Total	62.84M	66.94M	145M	181M	289M
Provision for Bad Debts	-1.46K	-4.73M	1.72M	571K	2.93M
R&D Expenses	24.81M	22.87M	40.44M	58.48M	104M
Other Operating Expenses	4.44M	4.82M	6.98M	9.89M	14.86M
Other Operating Expenses, Total	92.1M	89.91M	194M	250M	412M
Operating Income	8.96M	31.34M	22.43M	114M	204M
Interest Expense, Total	-107K	-3.11M	-8.97M	-14.64M	-31.84M
Interest And Investment Income	37.65M	26.04M	84.99M	11.28M	22.17M
Net Interest Expenses	37.55M	22.93M	76.02M	-3.37M	-9.66M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	2.16M	313K	-3.38M	-1.68M	5.1M
Other Non Operating Income (Expenses)	-61.26K	-256K	-359K	-624K	-700K
EBT, Excl. Unusual Items	48.61M	54.33M	94.71M	108M	199M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	3.29M	-	-	7.77M	6.12M
Gain (Loss) On Sale Of Assets	-95.15K	17.98K	-299K	-	198K
Asset Writedown	-3M	-186K	-13.3M	-4.86M	-23.23M
Other Unusual Items	13.73M	14.78M	35.64M	81.82M	95.85M
EBT, Incl. Unusual Items	62.55M	68.95M	117M	193M	278M
Income Tax Expense	7.07M	7.25M	8.07M	9.71M	23.01M
Earnings From Continuing Operations	55.48M	61.7M	109M	183M	255M
Net Income to Company	55.48M	61.7M	109M	183M	255M
Minority Interest	-4.24M	-6.69M	-21.66M	-46.93M	-68.02M
Net Income - (IS)	51.24M	55.01M	87.02M	136M	187M
Net Income to Common Incl Extra Items	51.24M	55.01M	87.02M	136M	187M
Net Income to Common Excl. Extra Items	51.24M	55.01M	87.02M	136M	187M
Per Share Items
Net EPS - Basic	0.1	0.11	0.17	0.26	0.34
Basic EPS - Continuing Operations	0.1	0.11	0.17	0.26	0.34
Basic Weighted Average Shares Outstanding	533M	520M	521M	521M	549M
Net EPS - Diluted	0.1	0.11	0.17	0.26	0.34
Diluted EPS - Continuing Operations	0.1	0.11	0.17	0.26	0.34
Diluted Weighted Average Shares Outstanding	533M	520M	521M	521M	549M
Normalized Basic EPS	0.05	0.05	0.07	0.04	0.1
Normalized Diluted EPS	0.05	0.05	0.07	0.04	0.1
Dividend Per Share	0.02	0.02	0.03	0.04	0.07
Payout Ratio	37.67	49.71	21.44	18.25	19.16
Supplemental Items
EBITDA	37.32M	71.93M	100M	266M	422M
EBITA	11.88M	36.64M	33.79M	148M	248M
EBIT	8.96M	31.34M	22.43M	114M	204M
EBITDAR	39.39M	76.4M	106M	272M	425M
Total Revenues (As Reported)	228M	321M	595M	984M	1.58B
Effective Tax Rate - (Ratio)	11.3	10.51	6.91	5.03	8.28
Current Domestic Taxes	8.51M	4.6M	-	-	-
Total Current Taxes	8.51M	4.6M	17.47M	22.84M	43.74M
Deferred Domestic Taxes	-1.44M	2.65M	-	-	-
Total Deferred Taxes	-1.44M	2.65M	-9.4M	-13.14M	-20.73M
Normalized Net Income	26.15M	27.27M	37.53M	20.65M	56.24M
Supplemental Operating Expense Items
Advertising Expense	389K	714K	668K	103K	82K
Selling and Marketing Expenses	27.05M	21.89M	32.79M	45.81M	69.67M
General and Administrative Expenses	34.16M	41.61M	108M	132M	219M
Research And Development Expense From Footnotes	37.36M	39.01M	63.23M	118M	176M
Net Rental Expense, Total	2.07M	4.47M	5.8M	5.99M	3.05M
Imputed Operating Lease Interest Expense	-	-	2.49M	2.61M	948K
Imputed Operating Lease Depreciation	-	-	3.31M	3.38M	2.1M
Maintenance & Repair Expenses, Total	12.6M	16.99M	24.54M	66.58M	79.44M
Stock-Based Comp., R&D Exp. (Total)	-	-	8.86M	12.45M	11.56M
Stock-Based Comp., S&M Exp. (Total)	-	-	6.24M	7.27M	2.22M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	2.31M
Total Stock-Based Compensation	-	-	15.1M	19.72M	16.09M

Fiscal Period: December	2018	2019	2020	2021	2022
Assets
Cash And Equivalents	201M	649M	563M	541M	502M
Short Term Investments	518M	-	-	-	-
Trading Asset Securities, Total	50.29M	50M	-	607M	1.15B
Total Cash And Short Term Investments	769M	699M	563M	1.15B	1.65B
Accounts Receivable, Total	140M	224M	308M	392M	463M
Other Receivables	735K	14M	98.53K	1.91M	4.2M
Notes Receivable	-	1.16M	515K	567K	713K
Total Receivables	141M	239M	309M	395M	468M
Inventory	119M	119M	143M	272M	481M
Other Current Assets, Total	13.79M	124M	62.17M	96.96M	90.57M
Total Current Assets	1.04B	1.18B	1.08B	1.91B	2.69B
Gross Property Plant And Equipment	359M	921M	1.28B	1.92B	2.41B
Accumulated Depreciation	-115M	-193M	-249M	-360M	-507M
Net Property Plant And Equipment	244M	728M	1.03B	1.56B	1.9B
Long-term Investments	125M	9.72M	29.86M	38.42M	30.62M
Goodwill	-	85.16M	85.16M	85.16M	85.16M
Other Intangibles, Total	42.98M	147M	336M	468M	425M
Deferred Tax Assets Long-Term	12.74M	21.83M	30.08M	43.66M	72.73M
Deferred Charges Long-Term	2.41M	16.39M	4.67M	4.65M	17M
Other Long-Term Assets, Total	3.21M	23.06M	84.18M	40.7M	90M
Total Assets	1.47B	2.21B	2.67B	4.15B	5.31B
Liabilities
Accounts Payable, Total	33.47M	132M	265M	414M	382M
Accrued Expenses, Total	33.48M	31.24M	66.9M	110M	155M
Short-term Borrowings	-	124M	84.85M	206M	92.22M
Current Portion of Long-Term Debt	-	-	40.13M	24.51M	53.24M
Current Portion of Leases	-	12.93M	9.61M	732K	760K
Current Income Taxes Payable	80.09K	757K	2.46M	8.98M	15.13M
Unearned Revenue Current, Total	1.56M	22.88M	3.74M	4.83M	9.87M
Other Current Liabilities	4.27M	53.99M	37.33M	77.8M	92.39M
Total Current Liabilities	72.86M	378M	510M	847M	800M
Long-Term Debt	-	-	52M	127M	1.13B
Long-Term Leases	-	9.95M	885K	1.91M	2.01M
Unearned Revenue Non Current	185M	443M	523M	581M	533M
Deferred Tax Liability Non Current	494K	9.44M	8.28M	8.77M	14.55M
Other Non Current Liabilities	-	-	-	220M	199M
Total Liabilities	258M	839M	1.09B	1.79B	2.68B
Common Stock, Total	273M	407M	407M	422M	544M
Additional Paid In Capital	548M	415M	441M	892M	748M
Retained Earnings	423M	466M	541M	661M	827M
Treasury Stock	-58.22M	-67.65M	-70.63M	-58.09M	-17.34M
Comprehensive Income and Other	17.7K	-297K	-159K	-155K	16.59M
Total Common Equity	1.19B	1.22B	1.32B	1.92B	2.12B
Minority Interest	28.95M	153M	260M	452M	517M
Total Equity	1.22B	1.37B	1.58B	2.37B	2.64B
Total Liabilities And Equity	1.47B	2.21B	2.67B	4.15B	5.31B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	520M	520M	524M	544M	544M
ECS Total Common Shares Outstanding	522M	520M	524M	544M	544M
Book Value / Share	2.27	2.34	2.52	3.53	3.9
Tangible Book Value	1.14B	988M	898M	1.36B	1.61B
Tangible Book Value Per Share	2.19	1.9	1.71	2.51	2.96
Total Debt	0	146M	187M	360M	1.28B
Net Debt	-769M	-553M	-375M	-788M	-371M
Debt Equivalent Oper. Leases	16.52M	35.75M	46.39M	47.92M	24.42M
Minority Interest, Total (Incl. Fin. Div)	28.95M	153M	260M	452M	517M
Equity Method Investments, Total	115M	312K	-	7.34M	9.17M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	20.73M	24.77M	29.77M	78.63M	176M
Inventories - Work In Process, Total	24.16M	26.59M	24.83M	39.73M	64.21M
Inventories - Finished Goods, Total	45.72M	39.51M	50.4M	83.96M	168M
Inventories - Others	32.78M	32.03M	42.54M	69.81M	90.16M
Buildings, Total	149M	274M	367M	570M	627M
Machinery, Total	190M	411M	806M	1.09B	1.49B
Full Time Employees	269	652	-	1.11K	1.29K
Assets under Capital Lease - Gross	-	24.82M	11.27M	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-5.15M	-2.8M	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	4.77M	4.86M	6.92M	6.79M	9.86M

Fiscal Period: December	2018	2019	2020	2021	2022
Net Income	51.24M	55.01M	87.02M	136M	187M
Depreciation & Amortization - CF	25.44M	35.29M	66.42M	118M	175M
Amortization of Goodwill and Intangible Assets - (CF)	2.91M	5.3M	11.36M	34.69M	43.47M
Depreciation & Amortization, Total	28.36M	40.59M	77.78M	153M	219M
Amortization of Deferred Charges, Total - (CF)	972K	1.17M	1.28M	1.43M	2.29M
(Gain) Loss From Sale Of Asset	95.15K	-17.98K	299K	-	-198K
(Gain) Loss on Sale of Investments - (CF)	-34.92M	-19.9M	-74.65M	-8.92M	-20.4M
Asset Writedown & Restructuring Costs	8.5M	-1.25M	16.81M	1.9M	48.94M
Provision and Write-off of Bad Debts	-	-	2.18M	-	-
Other Operating Activities, Total	4.28M	14.55M	32.21M	61.57M	99.85M
Change In Accounts Receivable	-61.25M	-139M	-119M	-112M	-70.34M
Change In Inventories	-32.86M	12.73M	-26.37M	-125M	-231M
Change In Accounts Payable	167M	312M	140M	166M	15.7M
Change In Deferred Taxes	-1.44M	2.15M	-9.4M	-13.09M	-20.73M
Cash from Operations	130M	279M	128M	262M	229M
Capital Expenditure	-47.47M	-274M	-527M	-664M	-534M
Sale of Property, Plant, and Equipment	45.52K	-	2.22M	2.13M	-
Cash Acquisitions	-5.6M	-125M	-	-	-
Investment in Marketable and Equity Securities, Total	113M	522M	105M	-621M	-595M
Other Investing Activities, Total	166K	66.45M	66.08M	1.32M	12.64M
Cash from Investing	60.14M	190M	-354M	-1.28B	-1.12B
Short Term Debt Issued, Total	10M	134M	-	-	-
Long-Term Debt Issued, Total	-	-	177M	449M	1.45B
Total Debt Issued	10M	134M	177M	449M	1.45B
Short Term Debt Repaid, Total	-10M	-117M	-	-	-
Long-Term Debt Repaid, Total	-	-	-125M	-210M	-550M
Total Debt Repaid	-10M	-117M	-125M	-210M	-550M
Issuance of Common Stock	-	-	-	593M	5.94M
Common Dividends Paid	-19.3M	-27.35M	-18.66M	-24.86M	-35.77M
Common & Preferred Stock Dividends Paid	-19.3M	-27.35M	-18.66M	-24.86M	-35.77M
Other Financing Activities, Total	-58.48M	-31.76M	96.95M	176M	2.54M
Cash from Financing	-77.78M	-42.53M	130M	983M	876M
Foreign Exchange Rate Adjustments	336K	131K	-1.75M	-1.03M	2.32M
Net Change in Cash	113M	426M	-97.57M	-37.7M	-8.63M
Supplemental Items
Cash Interest Paid	42.29K	-	-	-	-
Cash Income Tax Paid (Refund)	24.71M	18.94M	32.19M	3.49M	71.19M
Levered Free Cash Flow	-58.07M	263M	-320M	-447M	-427M
Unlevered Free Cash Flow	-58M	265M	-315M	-438M	-407M
Change In Net Working Capital	45.46M	-478M	-104M	19.15M	238M
Net Debt Issued / Repaid	0	16.58M	52.06M	238M	903M

Fiscal Period: December	2018	2019	2020	2021	2022
Profitability
Return on Assets	0.4	1.06	0.57	2.08	2.69
Return on Total Capital	0.46	1.43	0.85	3.17	3.84
Return On Equity %	4.52	4.77	7.36	9.28	10.18
Return on Common Equity	4.27	4.57	6.86	8.42	9.26
Margin Analysis
Gross Profit Margin %	44.29	37.73	36.37	36.98	38.94
SG&A Margin	27.54	20.83	24.34	18.42	18.3
EBITDA Margin %	16.36	22.38	16.84	27.02	26.66
EBITA Margin %	5.21	11.4	5.68	15.08	15.66
EBIT Margin %	3.93	9.75	3.77	11.56	12.91
Income From Continuing Operations Margin %