Cash flow Ning Xia Yin Xing Energy Co.,Ltd

Equities

000862

CNE000000WZ7

Independent Power Producers

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-12			5-day change	1st Jan Change
4.180 ^CNY	+0.48%		-1.88%	-31.36%

Sep. 03	Chinese Court Terminates Bankruptcy, Liquidation Procedure of Ning Xia Yin Xing Energy Subsidiary	MT
Aug. 26	Ning Xia Yin Xing Energy Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: NING XIA YIN XING ENERGY CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	1.32B	1.19B	1.34B	1.16B	1.3B
Other Revenues, Total	35.52M	15.8M	15.3M	-	9.71M
Total Revenues	1.36B	1.2B	1.36B	1.16B	1.31B
Operations And Maintenance	966K	-	-	-	-
Selling General & Admin Expenses, Total	69.87M	62.14M	56.48M	57.3M	56.45M
R&D Expenses	23.01K	50.65K	67.88K	985K	198K
Provision for Bad Debts	20.3M	-6.76M	337K	-5.1M	-1.71M
Other Operating Expenses	912M	837M	881M	778M	854M
Total Operating Expenses	1B	892M	938M	832M	909M
Operating Income (REIT / Utility Template)	353M	310M	421M	332M	400M
Interest Expense, Total	-316M	-299M	-256M	-173M	-183M
Interest and Investment Income	3.69M	2.74M	1.25M	9.98M	8.47M
Net Interest Expenses	-312M	-296M	-255M	-163M	-174M
Income (Loss) on Equity Invest.	-	1.39M	2.12M	-	-
Currency Exchange Gains (Loss)	43.08K	-	-	-	-
Other Non Operating Income (Expenses)	-650K	6.27M	198K	-1.83M	1.27M
EBT, Excl. Unusual Items	40.26M	21.14M	169M	167M	227M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-59.7M	-	-
Gain (Loss) on Sale of Assets	76.84K	3.53M	-6.38M	976K	-2.85M
Asset Writedown	-4.58M	-9.21M	-5.43M	-5.84M	-54.28M
Insurance Settlements	-	-	435K	116K	30K
Legal Settlements	-	-16.94K	-	-1.38M	-3.28M
Other Unusual Items	-15.25M	15.03M	8.35M	7.78M	13.22M
EBT, Incl. Unusual Items	20.51M	30.49M	106M	169M	179M
Income Tax Expense	-5.13M	-4.05M	4.75M	11.12M	10.51M
Earnings From Continuing Operations	25.64M	34.53M	101M	158M	169M
Net Income to Company	25.64M	34.53M	101M	158M	169M
Minority Interest	3.29M	-232K	-7.52M	-31.72M	-8.57M
Net Income - (IS)	28.93M	34.3M	93.6M	126M	160M
Net Income to Common Incl Extra Items	28.93M	34.3M	93.6M	126M	160M
Net Income to Common Excl. Extra Items	28.93M	34.3M	93.6M	126M	160M
Per Share Items
Net EPS - Basic	0.04	0.05	0.13	0.18	0.2
Basic EPS - Continuing Operations	0.04	0.05	0.13	0.18	0.2
Basic Weighted Average Shares Outstanding	706M	706M	706M	706M	784M
Net EPS - Diluted	0.04	0.05	0.13	0.18	0.2
Diluted EPS - Continuing Operations	0.04	0.05	0.13	0.18	0.2
Diluted Weighted Average Shares Outstanding	706M	706M	706M	706M	784M
Normalized Basic EPS	0.04	0.02	0.14	0.1	0.17
Normalized Diluted EPS	0.04	0.02	0.14	0.1	0.17
Payout Ratio	1.02K	849.72	274.39	140.57	144.24
Supplemental Items
Utility Revenues	1.32B	1.19B	1.34B	1.15B	1.3B
Non Utility Revenues	35.52M	15.8M	15.3M	12.8M	9.71M
EBITDA	929M	854M	965M	888M	1.01B
EBITA	357M	313M	424M	334M	400M
EBIT	353M	310M	421M	332M	400M
EBITDAR	933M	857M	968M	891M	1.02B
Total Revenues (As Reported)	1.36B	1.2B	1.36B	1.16B	1.31B
Effective Tax Rate - (Ratio)	-24.99	-13.28	4.49	6.59	5.86
Current Domestic Taxes	6.47M	7.92M	7.86M	6.21M	11.05M
Total Current Taxes	6.47M	7.92M	7.86M	6.21M	11.05M
Deferred Domestic Taxes	-11.6M	-11.97M	-3.11M	4.91M	-544K
Total Deferred Taxes	-11.6M	-11.97M	-3.11M	4.91M	-544K
Normalized Net Income	28.45M	12.98M	97.86M	72.69M	133M
Interest Capitalized	-	-	-	-	1.06M
Interest on Long-Term Debt	-	7.75M	4.02M	103K	87.29K
Non-Cash Pension Expense	-	618K	28.22K	-	-
Supplemental Operating Expense Items
Advertising Expense	406K	-	-	-	467K
Selling and Marketing Expenses	13.93M	1.79M	1.38M	328K	591K
General and Administrative Expenses	55.94M	60.35M	55.11M	56.97M	55.86M
Research And Development Expense From Footnotes	1.99M	978K	67.88K	985K	198K
Net Rental Expense, Total	4.06M	3.2M	2.43M	2.66M	2.78M
Imputed Operating Lease Interest Expense	1.62M	1.26M	1.01M	1.11M	1.15M
Imputed Operating Lease Depreciation	2.44M	1.94M	1.43M	1.55M	1.63M
Maintenance & Repair Expenses, Total	966K	46.32M	59M	40.13M	44.05M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	693K
Total Stock-Based Compensation	-	-	-	-	693K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	246M	184M	60.52M	159M	311M
Accounts Receivable, Total	1.56B	1.75B	1.01B	1.4B	2.18B
Other Receivables	170M	18.7M	16.49M	9.48M	11.26M
Accounts Receivable (Summary Subtotal)	1.73B	1.77B	1.03B	1.41B	2.19B
Inventory - (Utility Template)	83.8M	60.2M	51.63M	52.68M	46.28M
Other Current Assets, Total	2.92M	30.59M	37.45M	34.82M	84.49M
Total Current Assets	2.06B	2.05B	1.18B	1.66B	2.63B
Gross Property Plant And Equipment	11.17B	11.32B	11.22B	11.32B	12.95B
Accumulated Depreciation	-4.24B	-4.79B	-5.27B	-5.74B	-6.4B
Net Property Plant And Equipment	6.94B	6.53B	5.96B	5.59B	6.55B
Other Intangibles, Total	96.94M	101M	83.32M	80.5M	79.95M
Long-Term Investments - (Utility Template)	85.19M	84.84M	87.76M	89.62M	93.53M
Deferred Tax Assets Long-Term (Collected)	42.81M	55.25M	57.78M	52.18M	54.71M
Deferred Charges Long-Term	84.38K	1.58M	1.45M	1.5M	1.35M
Other Long-Term Assets, Total	133M	111M	70.95M	81.13M	127M
Total Assets	9.35B	8.93B	7.44B	7.55B	9.54B
Liabilities
Accounts Payable, Total	220M	171M	213M	163M	282M
Accrued Expenses, Total	37.69M	35.98M	34.64M	33.86M	24.65M
Short-Term Borrowings	610M	1.08B	114M	20.02M	725M
Current Portion of Long-Term Debt	784M	963M	1.1B	688M	748M
Current Portion of Leases	89.68M	34.9M	257K	438K	186K
Current Income Taxes Payable	5.67M	8.07M	1.77M	960K	3.01M
Unearned Revenue, Current	8.91M	10.52K	44.26K	137K	33.74K
Other Current Liabilities - (Bank / Utility Template)	51.84M	30.77M	338M	1.72B	1.34B
Total Current Liabilities	1.81B	2.33B	1.8B	2.62B	3.13B
Long-Term Debt	4.44B	3.81B	2.79B	1.94B	2.14B
Long-Term Leases	341M	2.47M	1.88M	1.7M	1.78M
Unearned Revenue Non Current	89.02M	80.43M	30.17M	25.01M	21.91M
Pension & Other Post Retirement Benefits	-	240K	3.43K	-	-
Deferred Tax Liability Non-Current	-	1.25M	1.16M	-	-
Other Non Current Liabilities, Total	25.12M	23.52M	23.49M	17.58M	17.46M
Total Liabilities	6.7B	6.25B	4.65B	4.6B	5.3B
Common Stock, Total	706M	706M	706M	706M	918M
Additional Paid In Capital	2.68B	2.68B	2.68B	2.68B	3.43B
Retained Earnings	-764M	-730M	-636M	-507M	-190M
Comprehensive Income and Other	-	-2.35M	492K	126K	-599K
Total Common Equity	2.62B	2.66B	2.75B	2.88B	4.16B
Minority Interest	33.61M	29.66M	37.18M	68.9M	77.57M
Total Equity	2.65B	2.69B	2.79B	2.95B	4.23B
Total Liabilities And Equity	9.35B	8.93B	7.44B	7.55B	9.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	706M	706M	706M	706M	918M
ECS Total Common Shares Outstanding	706M	706M	706M	706M	918M
Book Value / Share	3.71	3.76	3.9	4.08	4.53
Tangible Book Value	2.52B	2.55B	2.67B	2.8B	4.08B
Tangible Book Value Per Share	3.57	3.62	3.78	3.96	4.44
Total Debt	6.26B	5.9B	4B	2.65B	3.61B
Net Debt	6.01B	5.71B	3.94B	2.49B	3.3B
Debt Equivalent Oper. Leases	32.48M	25.58M	19.48M	21.27M	22.24M
Minority Interest, Total (Incl. Fin. Div)	33.61M	29.66M	37.18M	68.9M	77.57M
Equity Method Investments, Total	65.19M	67.6M	67.19M	69.48M	75.27M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	87.32M	75.1M	58.58M	59.47M	53.1M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	10.24M	7.76M	3.46M	3.06M	3.01M
Inventories - Others	173K	-	-	-	-
Buildings, Total	1.14B	1.17B	1.18B	1.15B	1.15B
Machinery, Total	9.39B	9.79B	9.99B	9.97B	11.67B
Full Time Employees	625	594	559	526	536
Assets under Capital Lease - Gross	600M	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-33.82M	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	61.82M	55.06M	45.98M	38.68M	38.02M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	28.93M	34.3M	93.6M	126M	160M
Depreciation, Depletion & Amortization	571M	566M	563M	554M	615M
Amortization of Goodwill and Intangible Assets - (CF)	4.24M	3.35M	2.43M	2.66M	-
Total Depreciation, Depletion & Amortization	576M	569M	566M	557M	615M
Amortization of Deferred Charges, Total	8.63M	171K	499K	319K	3.03M
(Gain) Loss On Sale of Asset - (CF)	-76.84K	336K	6.38M	4.86M	-
(Gain) Loss on Sale of Investments - (CF)	-2.11M	-1.39M	57.58M	-9.4M	-5.77M
Total Asset Writedown	4.58M	5.34M	5.43M	-	57.39M
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Accounts Receivable	-157M	-310M	699M	-409M	-476M
Change In Inventories	28.48M	14.08M	8.57M	-1.04M	6.71M
Change in Accounts Payable	-193M	-42.6M	49.67M	-87.39M	84.48M
Change In Deferred Taxes	-13.41M	-11.97M	-3.11M	4.43M	-828K
Change in Other Net Operating Assets (Collected)	20.55M	-8.91M	-21.24M	-3.5M	-
Other Operating Activities	313M	309M	264M	205M	188M
Cash from Operations	614M	557M	1.73B	387M	633M
Capital Expenditure	-35.59M	-34.54M	-31.34M	-184M	-659M
Sale of Property, Plant, and Equipment	1.2K	3.46M	320K	1.62M	-
Cash Acquisitions	-	3.69M	-	-157K	-325M
Investment in Marketable and Equity Securities, Total	-153M	-	-	-	-
Other Investing Activities, Total	-	-	-	1.66M	2.34M
Cash from Investing	-189M	-27.39M	-31.02M	-181M	-982M
Short Term Debt Issued, Total	-	-	305M	1.36B	-
Long-Term Debt Issued, Total	1.41B	1.08B	209M	27.81M	868M
Total Debt Issued	1.41B	1.08B	514M	1.39B	868M
Long-Term Debt Repaid, Total	-1.43B	-1.39B	-2.08B	-1.32B	-755M
Total Debt Repaid	-1.43B	-1.39B	-2.08B	-1.32B	-755M
Issuance of Common Stock	-	-	-	-	1.36B
Common Dividends Paid	-295M	-291M	-257M	-177M	-231M
Common & Preferred Stock Dividends Paid	-295M	-291M	-257M	-177M	-231M
Other Financing Activities, Total	-160M	11.29M	-	-	-823M
Cash from Financing	-471M	-592M	-1.82B	-107M	422M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-45.65M	-62.39M	-124M	98.35M	73.31M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	67.11M	84.63M	37.13M	70.86M	95.97M
Net Debt Issued / Repaid	-15.75M	-311M	-1.56B	69.59M	113M
Levered Free Cash Flow	114M	412M	1.73B	1.42B	-767M
Unlevered Free Cash Flow	312M	599M	1.89B	1.53B	-653M
Change In Net Working Capital	458M	130M	-1.09B	-946M	863M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.31	2.12	3.22	2.77	2.7
Return on Total Capital	2.46	2.21	3.42	3.35	3.4
Return On Equity %	0.97	1.29	3.69	5.49	4.46
Return on Common Equity	1.11	1.3	3.46	4.47	4.32
Margin Analysis
Gross Profit Margin %	30.7	28.29	32.79	30.38	32.59
SG&A Margin	5.15	5.17	4.15	4.93	4.31
EBITDA Margin %	68.45	71.05	71.02	76.37	77.49
EBITA Margin %	26.33	26.05	31.17	28.75	30.54
EBIT Margin %	26.02	25.77	30.99	28.52	30.54
Income From Continuing Operations Margin %	1.89	2.87	7.44	13.55	12.91
Net Income Margin %	2.13	2.85	6.88	10.82	12.25
Net Avail. For Common Margin %	2.13	2.85	6.88	10.82	12.25
Normalized Net Income Margin	2.1	1.08	7.2	6.25