Balance Sheet Phenix Optical Company Limited

Equities

600071

CNE000000QJ3

Office Equipment

End-of-day quote Shanghai S.E. Other stock markets 2024-09-12			5-day change	1st Jan Change
16.75 ^CNY	+2.13%		-0.18%	-26.89%

Aug. 19	Phenix Optical Company Limited Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 29	Phenix Optical Company Limited Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

1c.QaUbzbN8Cz6vWzQAAp65o6o5e9mhIDj_jao6pW-tm2M.FdFSvMs_bw3JIWVrb9vw4phYQpXuaQqX0ux33yHe_SEtzWui1DhhUsodUw

Published financial data: PHENIX OPTICAL COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.11B	1.25B	1.55B	1.83B	1.77B
Other Revenues, Total	14.75M	26.69M	42.86M	39.21M	23.54M
Total Revenues	1.13B	1.27B	1.59B	1.86B	1.79B
Cost of Goods Sold, Total	993M	1.1B	1.38B	1.64B	1.6B
Gross Profit	135M	169M	211M	227M	188M
Selling General & Admin Expenses, Total	96.52M	112M	118M	124M	145M
Provision for Bad Debts	-581K	3M	4.11M	5.15M	3.42M
R&D Expenses	38.01M	46.31M	72.54M	92.07M	126M
Other Operating Expenses	5.84M	4.36M	5.12M	8.51M	4.53M
Other Operating Expenses, Total	140M	166M	200M	230M	279M
Operating Income	-4.73M	3.11M	11.49M	-2.89M	-90.65M
Interest Expense, Total	-3.52M	-14M	-18.69M	-23.19M	-27.5M
Interest And Investment Income	6.57M	14.04M	6.25M	3M	2.53M
Net Interest Expenses	3.05M	46.48K	-12.44M	-20.19M	-24.97M
Currency Exchange Gains (Loss)	1.64M	-3.66M	-2.18M	6.64M	2.19M
Other Non Operating Income (Expenses)	-2.7M	-363K	-493K	-1.03M	-736K
EBT, Excl. Unusual Items	-2.73M	-873K	-3.63M	-17.48M	-114M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	311K	-442K	-357K	-1.18M	415K
Gain (Loss) On Sale Of Assets	-76.61K	227K	785K	535K	-104K
Asset Writedown	-1.46M	-	-2.06M	-	-11.81M
Other Unusual Items	4.32M	15.06M	6.49M	13.15M	26.34M
EBT, Incl. Unusual Items	364K	13.97M	1.23M	-4.98M	-99.33M
Income Tax Expense	5.32M	-576K	-312K	-6.18M	-7M
Earnings From Continuing Operations	-4.96M	14.55M	1.55M	1.19M	-92.33M
Net Income to Company	-4.96M	14.55M	1.55M	1.19M	-92.33M
Minority Interest	9.4M	-231K	9.05M	3.59M	7.86M
Net Income - (IS)	4.44M	14.32M	10.6M	4.79M	-84.47M
Net Income to Common Incl Extra Items	4.44M	14.32M	10.6M	4.79M	-84.47M
Net Income to Common Excl. Extra Items	4.44M	14.32M	10.6M	4.79M	-84.47M
Per Share Items
Net EPS - Basic	0.02	0.05	0.04	0.02	-0.3
Basic EPS - Continuing Operations	0.02	0.05	0.04	0.02	-0.3
Basic Weighted Average Shares Outstanding	222M	286M	265M	239M	282M
Net EPS - Diluted	0.02	0.05	0.04	0.02	-0.3
Diluted EPS - Continuing Operations	0.02	0.05	0.04	0.02	-0.3
Diluted Weighted Average Shares Outstanding	222M	286M	265M	239M	282M
Normalized Basic EPS	0.03	-0	0.03	-0.03	-0.23
Normalized Diluted EPS	0.03	-0	0.03	-0.03	-0.23
Payout Ratio	71.28	93.48	147.08	436.56	-29.94
Supplemental Items
EBITDA	45.4M	65.83M	76.17M	70.35M	-4.81M
EBITA	-4.26M	3.58M	11.82M	-2.56M	-90.32M
EBIT	-4.73M	3.11M	11.49M	-2.89M	-90.65M
EBITDAR	48.19M	68.65M	76.68M	70.68M	2.72M
Total Revenues (As Reported)	1.13B	1.27B	1.59B	1.86B	1.79B
Effective Tax Rate - (Ratio)	1.46K	-4.12	-25.31	123.97	7.05
Total Current Taxes	5.44M	7.15K	18.3K	-	-
Total Deferred Taxes	-113K	-583K	-350K	-6.18M	-7M
Normalized Net Income	7.69M	-776K	6.78M	-7.33M	-63.5M
Non-Cash Pension Expense	30.44K	286K	281K	352K	3.09M
Supplemental Operating Expense Items
Advertising Expense	980K	504K	1.55M	692K	1.58M
Selling and Marketing Expenses	20.88M	23.3M	31.54M	36.07M	43.77M
General and Administrative Expenses	73.18M	86.12M	86.37M	87.72M	101M
Research And Development Expense From Footnotes	38.85M	46.83M	72.55M	92.07M	126M
Net Rental Expense, Total	2.79M	2.82M	503K	331K	7.53M
Imputed Operating Lease Interest Expense	385K	792K	139K	88.08K	2.06M
Imputed Operating Lease Depreciation	2.4M	2.03M	364K	243K	5.47M
Maintenance & Repair Expenses, Total	1.09M	1.73M	3.34M	3.11M	2.97M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	314M	358M	298M	333M	245M
Trading Asset Securities, Total	102M	-	-	-	-
Total Cash And Short Term Investments	416M	358M	298M	333M	245M
Accounts Receivable, Total	403M	481M	567M	655M	609M
Other Receivables	2.03M	4.01M	4.1M	5.17M	2.18M
Total Receivables	405M	485M	571M	660M	611M
Inventory	162M	212M	287M	274M	250M
Prepaid Expenses	-	-	-	-	143K
Other Current Assets, Total	8.23M	13.72M	13.51M	15.67M	20.74M
Total Current Assets	991M	1.07B	1.17B	1.28B	1.13B
Gross Property Plant And Equipment	853M	972M	1.09B	1.26B	1.37B
Accumulated Depreciation	-471M	-522M	-565M	-634M	-723M
Net Property Plant And Equipment	382M	450M	526M	622M	643M
Long-term Investments	21.96M	21.52M	21.16M	12.19M	12.61M
Goodwill	4.2M	4.2M	4.2M	4.2M	4.2M
Other Intangibles, Total	16.88M	16.07M	18M	20.7M	23.88M
Deferred Tax Assets Long-Term	5.83M	6.3M	6.56M	12.59M	26.94M
Deferred Charges Long-Term	23.55M	21.35M	19.67M	23.68M	78.51M
Other Long-Term Assets, Total	53.61M	106M	82.75M	108M	29.34M
Total Assets	1.5B	1.69B	1.85B	2.09B	1.95B
Liabilities
Accounts Payable, Total	370M	407M	463M	494M	515M
Accrued Expenses, Total	43.91M	51M	58.4M	64.25M	65.91M
Short-term Borrowings	50.07M	504M	540M	491M	450M
Current Portion of Long-Term Debt	-	-	-	26.25M	30.25M
Current Portion of Leases	30M	-	20.86M	37.49M	50.29M
Current Income Taxes Payable	1.67M	1.56M	1.56M	1.56M	1.56M
Unearned Revenue Current, Total	2.18M	3.47M	7.79M	10.88M	11.31M
Other Current Liabilities	190M	107M	118M	67.56M	24.63M
Total Current Liabilities	688M	1.07B	1.21B	1.19B	1.15B
Long-Term Debt	200M	-	-	234M	254M
Long-Term Leases	7.64M	4.88M	13.13M	30.85M	1.76M
Unearned Revenue Non Current	20.59M	18.22M	15.85M	13.48M	11.35M
Deferred Tax Liability Non Current	953K	842K	753K	600K	10.95M
Other Non Current Liabilities	7.76M	-	-	-	-
Total Liabilities	925M	1.1B	1.24B	1.47B	1.43B
Common Stock, Total	282M	282M	282M	282M	282M
Additional Paid In Capital	65.87M	66.68M	66.68M	66.68M	66.68M
Retained Earnings	147M	162M	172M	177M	89.51M
Comprehensive Income and Other	153K	124K	14.2K	6.57K	-14.46K
Total Common Equity	495M	510M	521M	525M	438M
Minority Interest	78.77M	84.99M	87.64M	88.9M	81.12M
Total Equity	574M	595M	608M	614M	519M
Total Liabilities And Equity	1.5B	1.69B	1.85B	2.09B	1.95B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	282M	282M	282M	282M	282M
ECS Total Common Shares Outstanding	282M	282M	282M	282M	282M
Book Value / Share	1.76	1.81	1.85	1.87	1.55
Tangible Book Value	474M	490M	498M	500M	410M
Tangible Book Value Per Share	1.68	1.74	1.77	1.78	1.45
Total Debt	288M	509M	574M	819M	786M
Net Debt	-128M	151M	276M	486M	541M
Debt Equivalent Oper. Leases	22.31M	22.54M	4.02M	2.65M	60.25M
Minority Interest, Total (Incl. Fin. Div)	78.77M	84.99M	87.64M	88.9M	81.12M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	71.19M	95.33M	134M	112M	107M
Inventories - Work In Process, Total	41.5M	38.51M	50.16M	51.39M	44.08M
Inventories - Finished Goods, Total	63.65M	92.71M	118M	123M	132M
Inventories - Others	-	-	-	-	-
Buildings, Total	148M	148M	147M	150M	178M
Machinery, Total	704M	764M	907M	995M	1.09B
Full Time Employees	3.36K	3.08K	3.12K	3.08K	3.03K
Assets under Capital Lease - Gross	-	10.98M	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-889K	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	43.9M	46.69M	50.65M	55.8M	56.71M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.44M	14.32M	10.6M	4.79M	-84.47M
Depreciation & Amortization - CF	49.66M	62.26M	77.57M	94.73M	129M
Amortization of Goodwill and Intangible Assets - (CF)	470K	470K	336K	336K	336K
Depreciation & Amortization, Total	50.13M	62.73M	77.9M	95.06M	129M
Amortization of Deferred Charges, Total - (CF)	4.02M	5.72M	6.55M	9.51M	14.87M
(Gain) Loss From Sale Of Asset	76.61K	-227K	-853K	-480K	-44.39K
(Gain) Loss on Sale of Investments - (CF)	-1.62M	-5.39M	284K	1.18M	-415K
Asset Writedown & Restructuring Costs	1.46M	-	2.12M	-54.78K	11.96M
Provision and Write-off of Bad Debts	-581K	3M	4.11M	5.15M	3.42M
Other Operating Activities, Total	8.1M	21.93M	16.44M	27.3M	48.15M
Change In Accounts Receivable	36.25M	-12.11M	-89.37M	-97.3M	42.73M
Change In Inventories	6.09M	-50.21M	-76.15M	15.98M	3.49M
Change In Accounts Payable	-33.52M	-16.72M	51.67M	26.5M	-6.76M
Change In Deferred Taxes	-113K	-583K	-350K	-6.18M	-7M
Cash from Operations	74.73M	22.46M	2.96M	81.46M	155M
Capital Expenditure	-115M	-164M	-108M	-145M	-156M
Sale of Property, Plant, and Equipment	497K	52.25K	2.42M	2.11M	488K
Cash Acquisitions	-	-8.05M	-	-	-
Divestitures	-	-	980K	-	-
Investment in Marketable and Equity Securities, Total	-100M	100M	-	7.63M	-
Other Investing Activities, Total	31.6K	1.98M	95.9K	158K	-
Cash from Investing	-215M	-69.81M	-105M	-135M	-155M
Short Term Debt Issued, Total	-	-	608M	-	-
Long-Term Debt Issued, Total	270M	623M	-	1.35B	503M
Total Debt Issued	270M	623M	608M	1.35B	503M
Short Term Debt Repaid, Total	-	-	-611M	-	-
Long-Term Debt Repaid, Total	-140M	-370M	-	-1.15B	-557M
Total Debt Repaid	-140M	-370M	-611M	-1.15B	-557M
Issuance of Common Stock	400M	-	-	-	-
Common Dividends Paid	-3.16M	-13.39M	-15.59M	-20.9M	-25.29M
Common & Preferred Stock Dividends Paid	-3.16M	-13.39M	-15.59M	-20.9M	-25.29M
Other Financing Activities, Total	-232M	-129M	38.33M	-78.15M	-10.31M
Cash from Financing	295M	111M	19.49M	98.33M	-89.14M
Foreign Exchange Rate Adjustments	755K	-1.73M	-1.07M	2.75M	2.06M
Net Change in Cash	156M	61.83M	-83.29M	47.5M	-87.73M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	29.71M	16.13M	3.77M	18.24M	30.37M
Levered Free Cash Flow	137M	-275M	-111M	-145M	-38.97M
Unlevered Free Cash Flow	139M	-267M	-99.42M	-130M	-21.78M
Change In Net Working Capital	-203M	173M	82.89M	88.01M	-47.08M
Net Debt Issued / Repaid	130M	253M	-3.25M	197M	-53.54M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.22	0.12	0.41	-0.09	-2.8
Return on Total Capital	-0.37	0.2	0.63	-0.14	-4.14
Return On Equity %	-0.83	2.49	0.26	0.2	-16.34
Return on Common Equity	0.86	2.85	2.06	0.92	-17.6
Margin Analysis
Gross Profit Margin %	11.97	13.25	13.26	12.15	10.51
SG&A Margin	8.56	8.79	7.4	6.64	8.1
EBITDA Margin %	4.03	5.17	4.78	3.77	-0.27
EBITA Margin %	-0.38	0.28	0.74	-0.14	-5.04
EBIT Margin %	-0.42	0.24	0.72	-0.16	-5.06
Income From Continuing Operations Margin %	-0.44	1.14	0.1	0.06	-5.15
Net Income Margin %	0.39	1.13	0.67	0.26	-4.72
Net Avail. For Common Margin %	0.39	1.13	0.67	0.26	-4.72
Normalized Net Income Margin	0.68	-0.06	0.43	-0.39	-3.55
Levered Free Cash Flow Margin	12.16	-21.64	-6.98	-7.76	-2.18
Unlevered Free Cash Flow Margin	12.35	-20.95	-6.24	-6.98	-1.22
Asset Turnover
Asset Turnover	0.84	0.8	0.9	0.95	0.89
Fixed Assets Turnover	3.16	3.06	3.26	3.25	2.83
Receivables Turnover (Average Receivables)	2.74	2.82	2.96	2.99	2.8
Inventory Turnover (Average Inventory)