JIANGXI GETO NEW MATERIALS CORPORATION LIMITED

Cash flow Jiangxi GETO New Materials Corporation Limited

Equities

300986

CNE100004KX8

Business Support Services

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-12			5-day change	1st Jan Change
7.280 ^CNY	0.00%		-1.09%	-42.81%

10:48am	Geto New Materials Sets Up Saudi Arabian Subsidiary	MT
Aug. 28	Jiangxi GETO New Materials Corporation Limited Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: JIANGXI GETO NEW MATERIALS CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	788M	1.01B	1.32B	1.73B	1.98B
Other Revenues, Total	74M	107M	165M	202M	262M
Total Revenues	862M	1.12B	1.48B	1.93B	2.24B
Cost of Goods Sold, Total	469M	661M	1.01B	1.34B	1.76B
Gross Profit	393M	459M	476M	593M	480M
Selling General & Admin Expenses, Total	174M	176M	176M	214M	286M
Provision for Bad Debts	8.9M	12.52M	13.61M	54.52M	82.59M
R&D Expenses	45.68M	49.94M	74.71M	93.3M	91.08M
Other Operating Expenses	9.27M	13.28M	11.9M	18.45M	21.32M
Other Operating Expenses, Total	238M	252M	276M	380M	481M
Operating Income	155M	207M	200M	213M	-841K
Interest Expense, Total	-19.78M	-28.05M	-21.91M	-47.14M	-73.54M
Interest And Investment Income	560K	2.16M	3.43M	4.33M	5.35M
Net Interest Expenses	-19.22M	-25.89M	-18.48M	-42.81M	-68.18M
Currency Exchange Gains (Loss)	2.28M	-4.58M	-7.08M	8.85M	-1.17M
Other Non Operating Income (Expenses)	-2.64M	-11.4M	-4.9M	-3.12M	-1.77M
EBT, Excl. Unusual Items	136M	165M	169M	176M	-71.96M
Restructuring Charges	-637K	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-415K	-191K	8.12K	-228K	-12.23K
Asset Writedown	-918K	-467K	-915K	-	-13.82M
Other Unusual Items	26.91M	49.09M	33.58M	38.91M	48.79M
EBT, Incl. Unusual Items	161M	214M	202M	215M	-37M
Income Tax Expense	23.62M	34.9M	27.02M	31.79M	-659K
Earnings From Continuing Operations	137M	179M	175M	183M	-36.35M
Net Income to Company	137M	179M	175M	183M	-36.35M
Minority Interest	-6.05M	-10.18M	-10.67M	-5.44M	-8.95M
Net Income - (IS)	131M	168M	164M	177M	-45.3M
Net Income to Common Incl Extra Items	131M	168M	164M	177M	-45.3M
Net Income to Common Excl. Extra Items	131M	168M	164M	177M	-45.3M
Per Share Items
Net EPS - Basic	0.71	0.91	0.73	0.72	-0.18
Basic EPS - Continuing Operations	0.71	0.91	0.73	0.72	-0.18
Basic Weighted Average Shares Outstanding	184M	184M	225M	246M	252M
Net EPS - Diluted	0.71	0.91	0.73	0.72	-0.18
Diluted EPS - Continuing Operations	0.71	0.91	0.73	0.72	-0.18
Diluted Weighted Average Shares Outstanding	184M	184M	225M	246M	252M
Normalized Basic EPS	0.43	0.5	0.42	0.42	-0.21
Normalized Diluted EPS	0.43	0.5	0.42	0.42	-0.21
Dividend Per Share	-	-	0.07	0.13	0.2
Payout Ratio	10.16	14.83	12.36	27.64	-161.16
Supplemental Items
EBITDA	456M	657M	973M	994M	931M
EBITA	157M	209M	202M	218M	5.54M
EBIT	155M	207M	200M	213M	-841K
EBITDAR	457M	658M	978M	1B	940M
Total Revenues (As Reported)	862M	1.12B	1.48B	1.93B	2.24B
Effective Tax Rate - (Ratio)	14.71	16.34	13.37	14.81	1.78
Total Current Taxes	25.47M	41.93M	41.09M	45.42M	34.43M
Total Deferred Taxes	-1.86M	-7.02M	-14.08M	-13.62M	-35.09M
Normalized Net Income	78.7M	93.01M	95.23M	105M	-53.93M
Interest Capitalized	585K	503K	2.1M	1.07M	14.17M
Interest on Long-Term Debt	-	-	2.5M	10.24M	19.48M
Supplemental Operating Expense Items
Advertising Expense	889K	85.65K	1.18M	95.37K	138K
Selling and Marketing Expenses	112M	123M	104M	128M	166M
General and Administrative Expenses	61.98M	53.43M	69.17M	83.98M	118M
Research And Development Expense From Footnotes	45.68M	49.94M	74.71M	93.3M	91.08M
Net Rental Expense, Total	1.49M	1.53M	4.58M	6.09M	8.28M
Imputed Operating Lease Interest Expense	923K	666K	1.41M	2.55M	3.6M
Imputed Operating Lease Depreciation	566K	865K	3.17M	3.54M	4.68M
Maintenance & Repair Expenses, Total	-	-	1.27M	596K	564K
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	8.88M	11.51M
Total Stock-Based Compensation	-	-	-	8.88M	11.51M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	60.94M	199M	191M	217M	529M
Trading Asset Securities, Total	2.7M	29.5M	25.91M	19M	57.9M
Total Cash And Short Term Investments	63.64M	228M	217M	236M	587M
Accounts Receivable, Total	174M	303M	522M	1.05B	1.58B
Other Receivables	741K	961K	13.1M	20.9M	43.31M
Total Receivables	175M	304M	535M	1.07B	1.62B
Inventory	131M	170M	231M	289M	263M
Prepaid Expenses	30.38M	41.75M	-	86.16M	86.4M
Other Current Assets, Total	9.02M	19.31M	83.22M	9.17M	10.59M
Total Current Assets	409M	762M	1.07B	1.69B	2.57B
Gross Property Plant And Equipment	1.26B	1.69B	2.28B	3.11B	3.55B
Accumulated Depreciation	-271M	-497M	-744M	-1.16B	-1.42B
Net Property Plant And Equipment	993M	1.2B	1.54B	1.95B	2.14B
Long-term Investments	-	-	-	6.18M	6.86M
Other Intangibles, Total	73.6M	71.85M	206M	234M	231M
Deferred Tax Assets Long-Term	3.43M	10.46M	24.53M	38.16M	81.37M
Deferred Charges Long-Term	5.4M	1.62M	1.21M	2.84M	1.61M
Other Long-Term Assets, Total	14.94M	2.91M	14.59M	9.46M	39.32M
Total Assets	1.5B	2.04B	2.85B	3.93B	5.07B
Liabilities
Accounts Payable, Total	221M	296M	393M	630M	762M
Accrued Expenses, Total	103M	114M	152M	212M	232M
Short-term Borrowings	252M	457M	372M	626M	795M
Current Portion of Long-Term Debt	2.7M	11.4M	6.79M	113M	200M
Current Portion of Leases	1.68M	-	5.72M	26.12M	14.69M
Current Income Taxes Payable	5.5M	14.48M	21.15M	36.94M	15.28M
Unearned Revenue Current, Total	202M	222M	206M	180M	173M
Other Current Liabilities	26.08M	22.4M	161M	60.17M	173M
Total Current Liabilities	814M	1.14B	1.32B	1.88B	2.37B
Long-Term Debt	142M	183M	221M	450M	963M
Long-Term Leases	-	-	6.1M	14.53M	25.46M
Unearned Revenue Non Current	10.99M	13.32M	16.46M	65.98M	68.49M
Deferred Tax Liability Non Current	-	-	-	-	7.65M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	967M	1.33B	1.56B	2.41B	3.43B
Common Stock, Total	87.8M	87.8M	117M	164M	246M
Additional Paid In Capital	167M	167M	514M	474M	410M
Retained Earnings	267M	436M	600M	760M	682M
Comprehensive Income and Other	-97.8K	212K	587K	893K	165M
Total Common Equity	522M	691M	1.23B	1.4B	1.5B
Minority Interest	10.09M	20.27M	57M	120M	135M
Total Equity	532M	711M	1.29B	1.52B	1.64B
Total Liabilities And Equity	1.5B	2.04B	2.85B	3.93B	5.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	184M	184M	246M	246M	246M
ECS Total Common Shares Outstanding	184M	184M	246M	246M	246M
Book Value / Share	2.83	3.75	5.02	5.7	6.1
Tangible Book Value	448M	619M	1.03B	1.17B	1.27B
Tangible Book Value Per Share	2.43	3.36	4.18	4.74	5.17
Total Debt	398M	651M	612M	1.23B	2B
Net Debt	335M	423M	395M	994M	1.41B
Debt Equivalent Oper. Leases	11.91M	12.25M	36.67M	48.68M	66.21M
Minority Interest, Total (Incl. Fin. Div)	10.09M	20.27M	57M	120M	135M
Account Code - Inventory Valuation	-	6	6	3	3
Inventories - Raw Materials, Total	16.19M	27.53M	45.73M	71.64M	63.4M
Inventories - Work In Process, Total	82.4M	101M	138M	175M	140M
Inventories - Finished Goods, Total	30.62M	38.99M	41.02M	36.98M	55.75M
Inventories - Others	1.69M	1.86M	5.99M	5.88M	4.54M
Buildings, Total	158M	204M	316M	395M	612M
Machinery, Total	88.34M	148M	305M	512M	616M
Full Time Employees	-	-	2.91K	3.41K	3.59K
Accumulated Allowance for Doubtful Accounts (Supple)	11.55M	24.28M	38.74M	87.85M	176M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	131M	168M	164M	177M	-45.3M
Depreciation & Amortization - CF	299M	448M	775M	792M	950M
Amortization of Goodwill and Intangible Assets - (CF)	1.49M	1.53M	2.29M	4.69M	6.38M
Depreciation & Amortization, Total	301M	450M	777M	797M	956M
Amortization of Deferred Charges, Total - (CF)	2.19M	843K	1.45M	1.35M	3.8M
(Gain) Loss From Sale Of Asset	415K	191K	8.12K	-228K	-872K
(Gain) Loss on Sale of Investments - (CF)	-193K	-720K	-936K	-2.07M	-2.55M
Asset Writedown & Restructuring Costs	918K	467K	915K	-	10.83M
Provision and Write-off of Bad Debts	8.9M	12.52M	18.25M	54.52M	82.59M
Other Operating Activities, Total	23.55M	43.22M	39.66M	48.14M	89.15M
Change In Accounts Receivable	-102M	-183M	-253M	-547M	-639M
Change In Inventories	-10.4M	-38.87M	-60.94M	-58.74M	26.04M
Change In Accounts Payable	-220M	174M	-103M	129M	7.82M
Change In Deferred Taxes	-1.86M	-7.02M	-14.08M	-13.62M	-31.52M
Change in Other Net Operating Assets	-176M	-520M	-396M	-811M	-933M
Cash from Operations	-42.87M	100M	173M	-225M	-475M
Capital Expenditure	-168M	-102M	-333M	-222M	-144M
Sale of Property, Plant, and Equipment	1.12K	27.6K	-	37.49K	56K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-2.2M	-26.8M	41.72M	17.58M	-39.58M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	655K	717K	1.68M	898K	2.1M
Cash from Investing	-169M	-128M	-290M	-204M	-181M
Long-Term Debt Issued, Total	359M	477M	424M	761M	1.59B
Total Debt Issued	359M	477M	424M	761M	1.59B
Long-Term Debt Repaid, Total	-135M	-244M	-450M	-300M	-680M
Total Debt Repaid	-135M	-244M	-450M	-300M	-680M
Issuance of Common Stock	-	-	404M	-	6.3M
Common Dividends Paid	-13.3M	-24.98M	-20.32M	-49.03M	-73M
Common & Preferred Stock Dividends Paid	-13.3M	-24.98M	-20.32M	-49.03M	-73M
Other Financing Activities, Total	-	-92.64M	-224M	45.6M	97.19M
Cash from Financing	211M	115M	133M	457M	943M
Foreign Exchange Rate Adjustments	90	-2.2M	-590K	3.79M	362K
Net Change in Cash	-1.33M	85.16M	15.76M	31.44M	286M
Supplemental Items
Cash Income Tax Paid (Refund)	81.97M	99.98M	73.62M	105M	133M
Levered Free Cash Flow	182M	383M	491M	267M	489M
Unlevered Free Cash Flow	194M	400M	504M	297M	535M
Change In Net Working Capital	37.77M	77.71M	66.32M	421M	292M
Net Debt Issued / Repaid	224M	233M	-26.1M	460M	913M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.73	7.3	5.1	3.92	-0.01
Return on Total Capital	13.35	11.28	7.7	5.73	-0.02
Return On Equity %	29.53	28.74	17.51	13.02	-2.3
Return on Common Equity	28.66	27.78	17.1	13.49	-3.12
Margin Analysis
Gross Profit Margin %	45.58	40.98	32.13	30.73	21.46
SG&A Margin	20.17	15.73	11.87	11.08	12.79
EBITDA Margin %	52.87	58.68	65.71	51.53	41.61
EBITA Margin %	18.18	18.62	13.65	11.28	0.25
EBIT Margin %	18	18.49	13.5	11.04	-0.04
Income From Continuing Operations Margin %	15.88	15.96	11.82	9.48	-1.62
Net Income Margin %	15.18	15.05	11.1	9.19	-2.02
Net Avail. For Common Margin %	15.18	15.05	11.1	9.19	-2.02
Normalized Net Income Margin	9.13	8.31	6.43	5.42	-2.41
Levered Free Cash Flow Margin	21.12	34.18	33.12	13.86	21.84
Unlevered Free Cash Flow Margin	22.56	35.75	34.05	15.39	23.9
Asset Turnover
Asset Turnover	0.69	0.63	0.61