JIANGSU XINQUAN AUTOMOTIVE TRIM CO.,LTD.

Cash flow Jiangsu Xinquan Automotive Trim Co.,Ltd.

Equities

603179

CNE100002YB9

Auto, Truck & Motorcycle Parts

End-of-day quote Shanghai S.E. Other stock markets 2024-12-06			5-day change	1st Jan Change
45.35 ^CNY	+0.67%		-2.16%	-10.57%

Oct. 30	Jiangsu Xinquan Automotive Trim Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI
Aug. 30	Jiangsu Xinquan Automotive Trim Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: JIANGSU XINQUAN AUTOMOTIVE TRIM CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2.58B	3.17B	4.05B	6.26B	9.51B
Other Revenues, Total	457M	509M	564M	691M	1.07B
Total Revenues	3.04B	3.68B	4.61B	6.95B	10.57B
Cost of Goods Sold, Total	2.39B	2.84B	3.63B	5.58B	8.46B
Gross Profit	643M	845M	980M	1.37B	2.12B
Selling General & Admin Expenses, Total	275M	329M	415M	444M	627M
Provision for Bad Debts	3.44M	20.53M	19.22M	73.27M	59.89M
R&D Expenses	137M	151M	225M	306M	457M
Other Operating Expenses	13.73M	17.98M	26.55M	32.07M	53.26M
Other Operating Expenses, Total	428M	518M	686M	855M	1.2B
Operating Income	214M	327M	295M	512M	918M
Interest Expense, Total	-43.76M	-45.53M	-41.48M	-43.65M	-55.61M
Interest And Investment Income	9.51M	6.04M	20.83M	16.18M	13.21M
Net Interest Expenses	-34.25M	-39.49M	-20.65M	-27.47M	-42.4M
Currency Exchange Gains (Loss)	1.14M	-4.38M	-587K	29.92M	51.47M
Other Non Operating Income (Expenses)	-1.1M	-211K	-2.17M	-6.92M	-11.13M
EBT, Excl. Unusual Items	180M	282M	271M	508M	916M
Gain (Loss) On Sale Of Investments	70.13K	3.42K	2.09M	3.94M	-974K
Gain (Loss) On Sale Of Assets	-836K	-241K	18.79M	-1.14M	-9.14M
Asset Writedown	-580K	-	-	-	-787K
Other Unusual Items	17.46M	5.97M	10.05M	13.62M	9.01M
EBT, Incl. Unusual Items	196M	288M	302M	524M	914M
Income Tax Expense	15.91M	31.17M	16.06M	51.39M	109M
Earnings From Continuing Operations	180M	257M	286M	473M	805M
Net Income to Company	180M	257M	286M	473M	805M
Minority Interest	2.96M	640K	-2.02M	-2.37M	477K
Net Income - (IS)	183M	258M	284M	471M	806M
Net Income to Common Incl Extra Items	183M	258M	284M	471M	806M
Net Income to Common Excl. Extra Items	183M	258M	284M	471M	806M
Per Share Items
Net EPS - Basic	0.47	0.58	0.58	0.97	1.65
Basic EPS - Continuing Operations	0.47	0.58	0.58	0.97	1.65
Basic Weighted Average Shares Outstanding	387M	444M	491M	487M	487M
Net EPS - Diluted	0.47	0.58	0.58	0.97	1.65
Diluted EPS - Continuing Operations	0.47	0.58	0.58	0.97	1.65
Diluted Weighted Average Shares Outstanding	387M	454M	491M	487M	487M
Normalized Basic EPS	0.3	0.4	0.34	0.65	1.18
Normalized Diluted EPS	0.3	0.39	0.34	0.65	1.18
Dividend Per Share	0.24	0.23	0.23	0.3	0.3
Payout Ratio	74.13	48.44	52.24	31.48	22.1
Supplemental Items
EBITDA	310M	448M	451M	707M	1.19B
EBITA	218M	331M	301M	519M	925M
EBIT	214M	327M	295M	512M	918M
EBITDAR	324M	462M	465M	729M	1.21B
Total Revenues (As Reported)	-	3.68B	4.61B	6.95B	10.57B
Effective Tax Rate - (Ratio)	8.11	10.81	5.31	9.8	11.9
Total Current Taxes	16.63M	36.12M	29.11M	62.22M	118M
Total Deferred Taxes	-717K	-4.95M	-13.05M	-10.83M	-9.49M
Normalized Net Income	116M	177M	167M	315M	573M
Interest Capitalized	3.04M	8.51M	-	-	2.34M
Interest on Long-Term Debt	24.78M	54.6M	18.17M	1.33M	23.24M
Non-Cash Pension Expense	-	-	-	-	265K
Supplemental Operating Expense Items
Selling and Marketing Expenses	141M	167M	201M	133M	177M
General and Administrative Expenses	123M	152M	206M	296M	432M
Research And Development Expense From Footnotes	137M	151M	225M	306M	457M
Net Rental Expense, Total	13.9M	14.19M	13.89M	21.8M	26.24M
Imputed Operating Lease Interest Expense	5.94M	5.95M	4.94M	7.76M	7.45M
Imputed Operating Lease Depreciation	7.96M	8.25M	8.94M	14.04M	18.78M
Stock-Based Comp., G&A Exp. (Total)	-294K	13.53M	6.77M	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-294K	13.53M	6.77M	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	599M	1.59B	799M	758M	1.42B
Trading Asset Securities, Total	12.69M	-	273M	101M	-
Total Cash And Short Term Investments	611M	1.59B	1.07B	859M	1.42B
Accounts Receivable, Total	1.45B	1.87B	2.23B	2.92B	4.49B
Other Receivables	24.79M	24.34M	97.47M	145M	273M
Total Receivables	1.47B	1.89B	2.33B	3.06B	4.76B
Inventory	886M	1.1B	1.48B	1.75B	2.48B
Prepaid Expenses	82.03K	579K	249K	54.4K	1.63M
Other Current Assets, Total	199M	217M	170M	358M	457M
Total Current Assets	3.17B	4.8B	5.06B	6.03B	9.11B
Gross Property Plant And Equipment	1.72B	1.98B	2.61B	3.45B	4.57B
Accumulated Depreciation	-362M	-460M	-626M	-811M	-1.05B
Net Property Plant And Equipment	1.36B	1.52B	1.98B	2.64B	3.51B
Long-term Investments	-	12.69M	11.72M	13.44M	18.72M
Other Intangibles, Total	163M	229M	228M	276M	372M
Accounts Receivable Long-Term	-	-	26.39M	38.25M	37.89M
Deferred Tax Assets Long-Term	13.02M	17.97M	31.37M	42.18M	50.5M
Deferred Charges Long-Term	29.05M	35.25M	47.21M	77.09M	123M
Other Long-Term Assets, Total	76.99M	47.57M	24.76M	220M	224M
Total Assets	4.81B	6.66B	7.41B	9.33B	13.45B
Liabilities
Accounts Payable, Total	1.84B	2.01B	2.57B	3.69B	5.67B
Accrued Expenses, Total	27.46M	47M	53.78M	116M	172M
Short-term Borrowings	551M	481M	327M	526M	101M
Current Portion of Long-Term Debt	1.37M	1.35M	235M	159M	589M
Current Portion of Leases	-	-	8.23M	10.52M	19.88M
Current Income Taxes Payable	14.14M	33.97M	20.14M	53.94M	96.49M
Unearned Revenue Current, Total	-	49.53M	50.81M	124M	115M
Other Current Liabilities	69.82M	1.97M	2.46M	71.14M	110M
Total Current Liabilities	2.51B	2.62B	3.27B	4.75B	6.87B
Long-Term Debt	538M	492M	316M	363M	1.45B
Long-Term Leases	-	-	4.61M	14.44M	36.88M
Unearned Revenue Non Current	32.73M	51.32M	61.17M	73.27M	84.48M
Deferred Tax Liability Non Current	672K	673K	1.02M	1M	1.44M
Other Non Current Liabilities	-	-	-	-	788K
Total Liabilities	3.08B	3.17B	3.65B	5.2B	8.44B
Common Stock, Total	228M	368M	375M	487M	487M
Additional Paid In Capital	694M	2.11B	2.22B	2.11B	2.11B
Retained Earnings	775M	942M	1.11B	1.47B	2.13B
Treasury Stock	-80.37M	-	-	-	-
Comprehensive Income and Other	86.19M	22.26M	-5.51M	11.03M	230M
Total Common Equity	1.7B	3.44B	3.7B	4.08B	4.96B
Minority Interest	30.42M	47.77M	47M	50.14M	48.15M
Total Equity	1.73B	3.49B	3.75B	4.13B	5.01B
Total Liabilities And Equity	4.81B	6.66B	7.41B	9.33B	13.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	385M	478M	487M	487M	487M
ECS Total Common Shares Outstanding	385M	478M	487M	487M	487M
Book Value / Share	4.42	7.2	7.6	8.37	10.17
Tangible Book Value	1.54B	3.21B	3.48B	3.8B	4.59B
Tangible Book Value Per Share	4	6.72	7.13	7.8	9.41
Total Debt	1.09B	974M	890M	1.07B	2.19B
Net Debt	479M	-611M	-182M	214M	776M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	788K
Debt Equivalent Oper. Leases	111M	114M	111M	174M	210M
Minority Interest, Total (Incl. Fin. Div)	30.42M	47.77M	47M	50.14M	48.15M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	78.36M	110M	169M	219M	345M
Inventories - Work In Process, Total	66.59M	78.86M	89.73M	106M	153M
Inventories - Finished Goods, Total	709M	883M	1.19B	1.36B	1.91B
Inventories - Others	34.37M	27.78M	32.64M	64.4M	62.96M
Buildings, Total	490M	718M	846M	1.1B	1.64B
Machinery, Total	933M	1.19B	1.44B	1.8B	2.53B
Full Time Employees	-	3.24K	4.14K	7.05K	10.91K
Accumulated Allowance for Doubtful Accounts (Supple)	38.89M	59.42M	72.64M	116M	177M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	183M	258M	284M	471M	806M
Depreciation & Amortization - CF	91.95M	117M	160M	202M	282M
Amortization of Goodwill and Intangible Assets - (CF)	3.53M	4.03M	6.16M	6.34M	7.57M
Depreciation & Amortization, Total	95.48M	121M	167M	208M	290M
Amortization of Deferred Charges, Total - (CF)	7.8M	13.8M	17.84M	25.04M	38.83M
(Gain) Loss From Sale Of Asset	836K	-204K	-18.79M	-721K	9.14M
(Gain) Loss on Sale of Investments - (CF)	-70.13K	-3.42K	-7.36M	-4.51M	-378K
Asset Writedown & Restructuring Costs	2.08M	1.62M	-	4.84M	4.96M
Provision for Credit Losses	3.6M	-	-	17.15M	-171K
Provision and Write-off of Bad Debts	-	20.53M	15.01M	56.12M	60.06M
Other Operating Activities, Total	41.32M	52.13M	57.29M	29.3M	58.3M
Change In Accounts Receivable	-115M	286M	345M	-767M	2.28B
Change In Inventories	-314M	-215M	-386M	-271M	-729M
Change In Accounts Payable	46.48M	-519M	-250M	999M	-2.22B
Change In Deferred Taxes	-717K	-4.95M	-13.05M	-10.83M	-7.76M
Cash from Operations	-49.37M	13.83M	211M	755M	590M
Capital Expenditure	-437M	-336M	-611M	-989M	-1.07B
Sale of Property, Plant, and Equipment	75K	10.92M	40.7M	326K	287K
Investment in Marketable and Equity Securities, Total	-	-	-270M	170M	93M
Other Investing Activities, Total	-	-	4.91M	4.91M	-7.34M
Cash from Investing	-437M	-325M	-836M	-814M	-988M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	700M	1.01B	576M	930M	793M
Total Debt Issued	700M	1.01B	576M	930M	793M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-295M	-830M	-582M	-760M	-707M
Total Debt Repaid	-295M	-830M	-582M	-760M	-707M
Issuance of Common Stock	-	1.25B	-	-	1.15B
Common Dividends Paid	-136M	-125M	-148M	-148M	-178M
Common & Preferred Stock Dividends Paid	-136M	-125M	-148M	-148M	-178M
Other Financing Activities, Total	104M	-13.43M	3.57M	-188M	75.65M
Cash from Financing	373M	1.29B	-151M	-167M	1.14B
Foreign Exchange Rate Adjustments	-517K	-1.72M	-4.64M	10.34M	-1.31M
Net Change in Cash	-114M	978M	-780M	-215M	736M
Supplemental Items
Cash Income Tax Paid (Refund)	102M	82.42M	175M	141M	320M
Levered Free Cash Flow	-627M	-478M	-475M	-297M	-621M
Unlevered Free Cash Flow	-600M	-450M	-449M	-270M	-586M
Change In Net Working Capital	400M	467M	213M	-166M	415M
Net Debt Issued / Repaid	405M	180M	-6.06M	170M	86.31M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.07	3.56	2.62	3.83	5.03
Return on Total Capital	5.25	5.6	4.04	6.51	9.25
Return On Equity %	10.78	9.84	7.9	12	17.63
Return on Common Equity	11.06	10.02	7.95	12.09	17.83
Margin Analysis
Gross Profit Margin %	21.17	22.96	21.25	19.69	20.01
SG&A Margin	9.04	8.94	9	6.39	5.93
EBITDA Margin %	10.2	12.17	9.77	10.18	11.23
EBITA Margin %	7.17	8.98	6.52	7.47	8.75
EBIT Margin %	7.06	8.87	6.39	7.38	8.68
Income From Continuing Operations Margin %	5.94	6.98	6.2	6.81	7.62
Net Income Margin %	6.04	7	6.16	6.77	7.62
Net Avail. For Common Margin %	6.04	7	6.16	6.77	7.62
Normalized Net Income Margin	3.8	4.81	3.63	4.54	5.42
Levered Free Cash Flow Margin	-20.67	-12.99	-10.3	-4.27	-5.87
Unlevered Free Cash Flow Margin	-19.77	-12.22	-9.73	-3.88	-5.55
Asset Turnover
Asset Turnover	0.7	0.64	0.66	0.83	0.93
Fixed Assets Turnover	2.56	2.56	2.64	3.01	3.44
Receivables Turnover (Average Receivables)	2.03	1.91	1.97	2.43	2.57
Inventory Turnover (Average Inventory)	3.28	2.86	2.81	3.45	4
Short Term Liquidity
Current Ratio	1.26	1.83	1.55	1.27	1.33
Quick Ratio	0.83	1.33	1.04	0.83	0.9
Operating Cash Flow to Current Liabilities	-0.02	0.01	0.06	0.16	0.09
Days Sales Outstanding (Average Receivables)	179.99	191.23	184.88	150.27	142.15
Days Outstanding Inventory (Average Inventory)	111.37	128.19	129.71	105.74	91.19
Average Days Payable Outstanding	222.12	231.22	208.37	195.58	186.09
Cash Conversion Cycle (Average Days)	69.24	88.2	106.22	60.43	47.26
Long Term Solvency
Total Debt/Equity	62.9	27.91	23.73	25.97	43.78
Total Debt / Total Capital	38.61	21.82	19.18	20.62	30.45
LT Debt/Equity	31.04	14.1	8.55	9.14	29.61
Long-Term Debt / Total Capital	19.05	11.02	6.91	7.25	20.59
Total Liabilities / Total Assets	63.98	47.59	49.34	55.75	62.78
EBIT / Interest Expense	4.9	7.17	7.1	11.74	16.5
EBITDA / Interest Expense	7.08	9.84