Cash flow Ningbo Bird Co.,Ltd.

Equities

600130

CNE0000013F4

Phones & Handheld Devices

End-of-day quote Shanghai S.E. Other stock markets 2024-09-13			5-day change	1st Jan Change
3.220 ^CNY	+0.31%		-0.92%	-33.06%

Aug. 30	Ningbo Bird Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Jul. 30	Ningbo Bird Co.,Ltd.'s Equity Buyback announced on June 25, 2024, has closed with 18,000,000 shares, representing 2.34% for CNY 55.49 million.	CI

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Published financial data: NINGBO BIRD CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	413M	612M	658M	423M	321M
Other Revenues, Total	124M	103M	129M	112M	96.15M
Total Revenues	537M	715M	787M	535M	417M
Cost of Goods Sold, Total	500M	688M	712M	478M	373M
Gross Profit	36.95M	26.6M	75.2M	56.29M	44.49M
Selling General & Admin Expenses, Total	26.99M	26.09M	30.13M	28.69M	28.3M
Provision for Bad Debts	-1.15M	5.58M	-3.1M	-251K	-2.3M
R&D Expenses	8.83M	8.44M	19.09M	20.41M	17.62M
Other Operating Expenses	4.68M	4.48M	3M	4.11M	2.75M
Other Operating Expenses, Total	39.35M	44.59M	49.12M	52.96M	46.38M
Operating Income	-2.4M	-17.99M	26.08M	3.33M	-1.89M
Interest Expense, Total	-5.18K	-49.04K	-958K	-426K	-72.82K
Interest And Investment Income	21.92M	21.19M	15.05M	15.3M	24.86M
Net Interest Expenses	21.92M	21.14M	14.09M	14.87M	24.79M
Currency Exchange Gains (Loss)	490K	-3.88M	-2.42M	7.75M	248K
Other Non Operating Income (Expenses)	-230K	-457K	-24K	-108K	-236K
EBT, Excl. Unusual Items	19.78M	-1.19M	37.74M	25.85M	22.91M
Gain (Loss) On Sale Of Investments	1.88M	2.26M	14.43M	3.24M	-6.8M
Gain (Loss) On Sale Of Assets	5.59M	42.08M	-47.17K	-20.59K	-175K
Asset Writedown	-	-	-	-535K	-
Other Unusual Items	5.01M	6.64M	7.59M	8.11M	7.39M
EBT, Incl. Unusual Items	32.26M	49.78M	59.71M	36.65M	23.32M
Income Tax Expense	4.35M	10.69M	2.43M	4.15M	1.06M
Earnings From Continuing Operations	27.92M	39.09M	57.28M	32.5M	22.27M
Net Income to Company	27.92M	39.09M	57.28M	32.5M	22.27M
Minority Interest	-	-4.79M	-14.39M	-14.28M	-8.31M
Net Income - (IS)	27.92M	34.31M	42.88M	18.23M	13.95M
Net Income to Common Incl Extra Items	27.92M	34.31M	42.88M	18.23M	13.95M
Net Income to Common Excl. Extra Items	27.92M	34.31M	42.88M	18.23M	13.95M
Per Share Items
Net EPS - Basic	0.04	0.04	0.06	0.02	0.02
Basic EPS - Continuing Operations	0.04	0.04	0.06	0.02	0.02
Basic Weighted Average Shares Outstanding	768M	768M	768M	768M	768M
Net EPS - Diluted	0.04	0.04	0.06	0.02	0.02
Diluted EPS - Continuing Operations	0.04	0.04	0.06	0.02	0.02
Diluted Weighted Average Shares Outstanding	768M	768M	768M	768M	768M
Normalized Basic EPS	0.02	-0.01	0.01	0	0.01
Normalized Diluted EPS	0.02	-0.01	0.01	0	0.01
Payout Ratio	0.03	0.06	2.24	2.45	0.59
Supplemental Items
EBITDA	17.56M	1.68M	43.54M	18.51M	13.42M
EBITA	-1.48M	-17.11M	26.96M	4.21M	-1.02M
EBIT	-2.4M	-17.99M	26.08M	3.33M	-1.89M
EBITDAR	17.97M	2.06M	44.69M	19.44M	14.35M
Total Revenues (As Reported)	537M	715M	787M	535M	417M
Effective Tax Rate - (Ratio)	13.48	21.47	4.08	11.31	4.53
Total Current Taxes	4.35M	10.69M	2.43M	4.15M	1.06M
Normalized Net Income	12.36M	-5.53M	9.19M	1.88M	6.01M
Interest on Long-Term Debt	5.18K	-	-	-	10.76K
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	2.66M	4.54M	3.05M	2.24M	1.69M
General and Administrative Expenses	24.33M	21.55M	27.08M	26.44M	26.61M
Research And Development Expense From Footnotes	8.83M	8.44M	19.09M	20.41M	17.62M
Net Rental Expense, Total	407K	376K	1.14M	933K	927K
Imputed Operating Lease Interest Expense	-	-	461K	385K	215K
Imputed Operating Lease Depreciation	-	-	683K	548K	712K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	303M	293M	384M	562M	574M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	227M	202M	190M	183M	254M
Total Cash And Short Term Investments	529M	495M	574M	745M	828M
Accounts Receivable, Total	65.44M	241M	184M	138M	79.05M
Other Receivables	4.15M	6.65M	3.76M	1.96M	550K
Notes Receivable	-	-	-	-	-
Total Receivables	69.59M	247M	188M	140M	79.6M
Inventory	30.96M	66.64M	60.8M	35.55M	36.39M
Other Current Assets, Total	119M	168M	137M	17.84M	10.38M
Total Current Assets	749M	977M	959M	939M	954M
Gross Property Plant And Equipment	290M	284M	294M	294M	298M
Accumulated Depreciation	-222M	-223M	-231M	-237M	-241M
Net Property Plant And Equipment	68.06M	60.76M	62.25M	56.24M	57.19M
Long-term Investments	52.75M	55.04M	67.13M	71.22M	65.15M
Other Intangibles, Total	12.9M	11.43M	10.94M	10.31M	9.91M
Other Long-Term Assets, Total	156M	147M	134M	125M	115M
Total Assets	1.04B	1.25B	1.23B	1.2B	1.2B
Liabilities
Accounts Payable, Total	95.34M	228M	145M	97.92M	88.25M
Accrued Expenses, Total	10.45M	18.8M	23.25M	22.24M	16.81M
Short-term Borrowings	-	23.02M	15.02M	1.5M	792K
Current Portion of Leases	-	-	-	-	898K
Current Income Taxes Payable	3.37M	1.79M	1.44M	4.13M	1.07M
Unearned Revenue Current, Total	9.68M	8.29M	11.44M	9.81M	9.17M
Other Current Liabilities	10.25M	11.2M	11.18M	10.96M	11.41M
Total Current Liabilities	129M	291M	207M	147M	128M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	-	-	-	1.83M
Unearned Revenue Non Current	5.58M	5.34M	4.92M	5.75M	4.86M
Other Non Current Liabilities	-	777K	813K	776K	702K
Total Liabilities	135M	297M	213M	153M	136M
Common Stock, Total	768M	768M	768M	768M	768M
Additional Paid In Capital	456M	456M	456M	456M	456M
Retained Earnings	-325M	-291M	-248M	-230M	-216M
Comprehensive Income and Other	4.75M	4.99M	5.09M	4.77M	4.72M
Total Common Equity	903M	938M	981M	999M	1.01B
Minority Interest	-	16.06M	39.1M	49.21M	52.62M
Total Equity	903M	954M	1.02B	1.05B	1.07B
Total Liabilities And Equity	1.04B	1.25B	1.23B	1.2B	1.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	768M	768M	768M	768M	768M
ECS Total Common Shares Outstanding	768M	768M	768M	768M	768M
Book Value / Share	1.18	1.22	1.28	1.3	1.32
Tangible Book Value	891M	927M	970M	989M	1B
Tangible Book Value Per Share	1.16	1.21	1.26	1.29	1.31
Total Debt	0	23.02M	15.02M	1.5M	3.52M
Net Debt	-529M	-472M	-559M	-743M	-824M
Debt Equivalent Oper. Leases	3.26M	3.01M	9.15M	7.46M	7.42M
Minority Interest, Total (Incl. Fin. Div)	-	16.06M	39.1M	49.21M	52.62M
Equity Method Investments, Total	12.75M	9.69M	8.97M	9.11M	10.88M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	26.49M	63.07M	48.69M	35.79M	32.43M
Inventories - Work In Process, Total	5.75M	8.08M	21.08M	6.04M	6.17M
Inventories - Finished Goods, Total	3.44M	6.44M	4.02M	4.22M	6.54M
Buildings, Total	107M	107M	107M	107M	109M
Machinery, Total	183M	177M	186M	186M	187M
Full Time Employees	391	409	453	468	416
Accumulated Allowance for Doubtful Accounts (Supple)	4.13M	13.35M	10.24M	8.16M	5.86M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	27.92M	34.31M	42.88M	18.23M	13.95M
Depreciation & Amortization - CF	19.05M	18.79M	16.59M	14.3M	14.52M
Amortization of Goodwill and Intangible Assets - (CF)	911K	882K	873K	873K	873K
Depreciation & Amortization, Total	19.96M	19.67M	17.46M	15.18M	15.39M
Amortization of Deferred Charges, Total - (CF)	2.87K	25.02K	284K	277K	18.51K
(Gain) Loss From Sale Of Asset	-25.83M	-43.9M	-11.93M	133K	-3.03M
(Gain) Loss on Sale of Investments - (CF)	-21.6M	-25.74M	-27.41M	-13.47M	-9.43M
Asset Writedown & Restructuring Costs	3.64M	19.81M	9.75M	10.8M	175K
Provision and Write-off of Bad Debts	-	-	-	-	-2.3M
Other Operating Activities, Total	-485K	8.72M	17.77M	6.95M	17.01M
Change In Accounts Receivable	34.99M	-179M	108M	165M	74.03M
Change In Inventories	11.69M	-37.71M	-7.15M	14.74M	-9.59M
Change In Accounts Payable	-31.82M	66.32M	-75.22M	-46.24M	-18.88M
Change in Other Net Operating Assets	-	-164K	-	-	-
Cash from Operations	18.47M	-138M	74.27M	171M	77.34M
Capital Expenditure	-6.89M	-4.99M	-11.85M	-1.29M	-6.2M
Sale of Property, Plant, and Equipment	24.39M	45.99M	17.57M	586K	5.22M
Cash Acquisitions	-	-1.26M	-	-	-
Divestitures	647K	24.18K	-	-	-
Investment in Marketable and Equity Securities, Total	-14.84M	25M	13M	7M	-71.5M
Other Investing Activities, Total	16.63M	20.36M	14.01M	10.09M	15.96M
Cash from Investing	19.94M	85.11M	32.73M	16.39M	-56.52M
Short Term Debt Issued, Total	-	23M	15M	40.56M	3.08M
Total Debt Issued	-	23M	15M	40.56M	3.08M
Short Term Debt Repaid, Total	-	-240K	-23M	-54.05M	-3.8M
Long-Term Debt Repaid, Total	-236K	-	-	-	-
Total Debt Repaid	-236K	-240K	-23M	-54.05M	-3.8M
Common Dividends Paid	-8.51K	-18.97K	-961K	-447K	-82.13K
Common & Preferred Stock Dividends Paid	-8.51K	-18.97K	-961K	-447K	-82.13K
Other Financing Activities, Total	-	7.55M	8.65M	-4.16M	-4.9M
Cash from Financing	-245K	30.29M	-313K	-18.11M	-5.69M
Foreign Exchange Rate Adjustments	395K	-3.65M	-2.32M	7.43M	194K
Net Change in Cash	38.56M	-25.78M	104M	177M	15.31M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-32.51M	-7.23M	-35.2M	-102M	5.42M
Levered Free Cash Flow	212M	-120M	42.73M	160M	56.93M
Unlevered Free Cash Flow	212M	-120M	43.33M	160M	56.98M
Change In Net Working Capital	-201M	124M	-21.14M	-144M	-48.95M
Net Debt Issued / Repaid	-236K	22.76M	-8M	-13.5M	-712K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.14	-0.98	1.31	0.17	-0.1
Return on Total Capital	-0.17	-1.2	1.62	0.2	-0.11
Return On Equity %	3.14	4.21	5.8	3.14	2.11
Return on Common Equity	3.14	3.73	4.47	1.84	1.39
Margin Analysis
Gross Profit Margin %	6.88	3.72	9.55	10.53	10.66
SG&A Margin	5.02	3.65	3.83	5.37	6.78
EBITDA Margin %	3.27	0.24	5.53	3.46	3.22
EBITA Margin %	-0.28	-2.39	3.42	0.79	-0.24
EBIT Margin %	-0.45	-2.52	3.31	0.62	-0.45
Income From Continuing Operations Margin %	5.2	5.47	7.27	6.08	5.33
Net Income Margin %	5.2	4.8	5.45	3.41	3.34
Net Avail. For Common Margin %	5.2	4.8	5.45	3.41	3.34
Normalized Net Income Margin	2.3	-0.77	1.17	0.35	1.44
Levered Free Cash Flow Margin	39.48	-16.81	5.43	29.93	13.64
Unlevered Free Cash Flow Margin	39.48	-16.81	5.5	29.98	13.65
Asset Turnover
Asset Turnover	0.51	0.62	0.63	0.44	0.35
Fixed Assets Turnover	7.43	11.1	12.8	9.02	7.36
Receivables Turnover (Average Receivables)	5.23	4	3.1	2.62	2.96
Inventory Turnover (Average Inventory)	12.77	14.11	11.18	9.93	10.37
Short Term Liquidity
Current Ratio	5.8	3.35	4.62	6.4	7.43
Quick Ratio	4.64	2.55	3.67	6.04	7.07
Operating Cash Flow to Current Liabilities	0.14	-0.47	0.36	1.17	0.6
Days Sales Outstanding (Average Receivables)	69.77	91.52	117.67	139.08	123.47
Days Outstanding Inventory (Average Inventory)	28.57	25.94	32.66	36.77	35.2
Average Days Payable Outstanding	81.17	81.74	96.39	97.87	90.89
Cash Conversion Cycle (Average Days)	17.18	35.73	53.93	77.98	67.78
Long Term Solvency
Total Debt/Equity	-	2.41	1.47	0.14	0.33
Total Debt / Total Capital	-	2.36	1.45	0.14	0.33
LT Debt/Equity	-	-	-	-	0.17
Long-Term Debt / Total Capital	-	-	-	-	0.17
Total Liabilities / Total Assets	12.97	23.76	17.28	12.74	11.3
EBIT / Interest Expense