Income Statement Queclink Wireless Solutions Co., Ltd.

Equities

300590

CNE100002F93

Communications & Networking

End-of-day quote Shenzhen S.E. Other stock markets 2025-01-24			5-day change	1st Jan Change
15.13 ^CNY	+3.56%		+7.00%	-2.13%

Nov. 20	Queclink Unveils GL533CG	CI
Oct. 28	Queclink Wireless Solutions Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI

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Published financial data: QUECLINK WIRELESS SOLUTIONS CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	624M	472M	916M	967M	1.02B
Other Revenues, Total	5.7M	504K	4.71M	35.4M	-
Total Revenues	629M	473M	921M	1B	1.02B
Cost of Goods Sold, Total	339M	275M	590M	659M	634M
Gross Profit	291M	198M	330M	343M	382M
Selling General & Admin Expenses, Total	67.99M	57.93M	76.42M	104M	118M
Provision for Bad Debts	624K	-337K	1.1M	2.1M	-760K
R&D Expenses	78.85M	63.37M	96.39M	113M	121M
Other Operating Expenses	1.54M	988K	487K	2.3M	5M
Other Operating Expenses, Total	149M	122M	174M	222M	243M
Operating Income	142M	75.67M	156M	121M	138M
Interest Expense, Total	-	-236K	-226K	-424K	-303K
Interest And Investment Income	5.19M	1.34M	11.84M	7M	8.04M
Net Interest Expenses	5.19M	1.1M	11.62M	6.58M	7.73M
Currency Exchange Gains (Loss)	3.03M	-11.95M	-7.54M	33.71M	6.27M
Other Non Operating Income (Expenses)	-20.55K	-276K	-521K	-610K	-1.28M
EBT, Excl. Unusual Items	150M	64.55M	160M	160M	151M
Gain (Loss) On Sale Of Investments	9.13M	15.27M	3.43M	6.21M	-8.53M
Gain (Loss) On Sale Of Assets	-	3.04K	30K	-12K	220K
Asset Writedown	-	-1K	18.66K	1.83K	383
Insurance Settlements	-	427K	44.03K	3.8K	36.8K
Other Unusual Items	14.86M	19.68M	4.17M	10.62M	11.7M
EBT, Incl. Unusual Items	174M	99.93M	167M	177M	154M
Income Tax Expense	11.77M	9.47M	11.78M	11.82M	7.69M
Earnings From Continuing Operations	162M	90.47M	156M	165M	147M
Net Income to Company	162M	90.47M	156M	165M	147M
Net Income - (IS)	162M	90.47M	156M	165M	147M
Net Income to Common Incl Extra Items	162M	90.47M	156M	165M	147M
Net Income to Common Excl. Extra Items	162M	90.47M	156M	165M	147M
Per Share Items
Net EPS - Basic	0.37	0.21	0.35	0.36	0.32
Basic EPS - Continuing Operations	0.37	0.21	0.35	0.36	0.32
Basic Weighted Average Shares Outstanding	434M	429M	440M	460M	459M
Net EPS - Diluted	0.37	0.21	0.35	0.36	0.32
Diluted EPS - Continuing Operations	0.37	0.21	0.35	0.36	0.32
Diluted Weighted Average Shares Outstanding	434M	429M	440M	460M	459M
Normalized Basic EPS	0.22	0.09	0.23	0.22	0.21
Normalized Diluted EPS	0.22	0.09	0.23	0.22	0.21
Dividend Per Share	0.06	0.06	0.1	0.12	0.15
Payout Ratio	24.88	26.78	15.57	27.61	37.44
Supplemental Items
EBITDA	147M	81.64M	168M	135M	153M
EBITA	142M	75.67M	156M	121M	138M
EBIT	142M	75.67M	156M	121M	138M
EBITDAR	151M	86.72M	-	-	-
Total Revenues (As Reported)	629M	473M	921M	1B	1.02B
Effective Tax Rate - (Ratio)	6.76	9.47	7.04	6.67	4.98
Total Current Taxes	11.1M	8.51M	13.43M	11.58M	10.45M
Total Deferred Taxes	670K	951K	-1.65M	241K	-2.76M
Normalized Net Income	93.78M	40.34M	99.77M	100M	94.39M
Interest on Long-Term Debt	-	-	181K	329K	303K
Supplemental Operating Expense Items
Advertising Expense	1.92M	1.67M	1.9M	3.39M	4.39M
Selling and Marketing Expenses	39.96M	31.91M	41.12M	57.5M	66.35M
General and Administrative Expenses	24.39M	20.94M	35.3M	46.86M	51.35M
Research And Development Expense From Footnotes	81.37M	67M	96.39M	113M	121M
Net Rental Expense, Total	3.64M	5.09M	-	-	-
Stock-Based Comp., R&D Exp. (Total)	4.48M	-24.6K	4.37M	7.35M	2.48M
Stock-Based Comp., S&M Exp. (Total)	1.13M	-122K	1.44M	3.97M	918K
Stock-Based Comp., G&A Exp. (Total)	1.72M	-109K	1.99M	3.17M	995K
Total Stock-Based Compensation	7.33M	-256K	7.8M	14.5M	4.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	283M	167M	530M	166M	395M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	297M	377M	238M	453M	447M
Total Cash And Short Term Investments	580M	545M	769M	619M	843M
Accounts Receivable, Total	131M	88.24M	112M	254M	270M
Other Receivables	19.12M	21.64M	47.08M	41.58M	2.91M
Total Receivables	150M	110M	159M	296M	273M
Inventory	126M	209M	585M	613M	494M
Other Current Assets, Total	19.26M	38.86M	48.03M	21.53M	20.86M
Total Current Assets	875M	903M	1.56B	1.55B	1.63B
Gross Property Plant And Equipment	107M	347M	286M	298M	302M
Accumulated Depreciation	-12.22M	-18.08M	-26.12M	-38.74M	-51.6M
Net Property Plant And Equipment	94.46M	329M	260M	259M	251M
Long-term Investments	-	11.95M	32.55M	38.88M	39.94M
Other Intangibles, Total	253K	850K	6.32M	5.48M	5.51M
Deferred Tax Assets Long-Term	1.55M	1.08M	2.06M	3.7M	4.32M
Deferred Charges Long-Term	6.02M	9.56M	27.41M	30.11M	22.8M
Other Long-Term Assets, Total	209M	9.05M	77.94M	73.49M	73.19M
Total Assets	1.19B	1.26B	1.97B	1.96B	2.03B
Liabilities
Accounts Payable, Total	96.01M	114M	209M	96.18M	172M
Accrued Expenses, Total	26.85M	20.4M	31.94M	37.24M	34.14M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	-	-	1.64M	3.63M	4.13M
Current Income Taxes Payable	-	1.61M	477K	2.69M	4.34M
Unearned Revenue Current, Total	8.46M	38.96M	156M	106M	31.34M
Other Current Liabilities	47.07M	8.15M	18.98M	16.73M	10.2M
Total Current Liabilities	178M	183M	418M	263M	257M
Long-Term Leases	-	-	482K	4.01M	2.27M
Unearned Revenue Non Current	3.05M	2.91M	2.23M	2.92M	2.95M
Deferred Tax Liability Non Current	262K	742K	74.6K	2.34M	102K
Total Liabilities	182M	187M	420M	272M	262M
Common Stock, Total	161M	242M	305M	458M	459M
Additional Paid In Capital	462M	383M	655M	523M	533M
Retained Earnings	391M	457M	589M	708M	800M
Treasury Stock	-10.2M	-4.97M	-2.07M	-1.32M	-26.17M
Total Common Equity	1B	1.08B	1.55B	1.69B	1.77B
Total Equity	1B	1.08B	1.55B	1.69B	1.77B
Total Liabilities And Equity	1.19B	1.26B	1.97B	1.96B	2.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	436M	436M	457M	458M	456M
ECS Total Common Shares Outstanding	436M	436M	457M	458M	457M
Book Value / Share	2.3	2.47	3.38	3.69	3.87
Tangible Book Value	1B	1.08B	1.54B	1.68B	1.76B
Tangible Book Value Per Share	2.3	2.47	3.37	3.67	3.85
Total Debt	0	0	2.12M	7.64M	6.4M
Net Debt	-580M	-545M	-766M	-611M	-836M
Debt Equivalent Oper. Leases	29.13M	40.68M	-	-	-
Equity Method Investments, Total	-	11.95M	32.55M	38.88M	39.94M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	66.06M	137M	419M	479M	385M
Inventories - Work In Process, Total	8.56M	26.31M	44.7M	50.43M	62.62M
Inventories - Finished Goods, Total	53.26M	49.36M	123M	88.54M	78.9M
Buildings, Total	90.55M	90.33M	246M	247M	247M
Machinery, Total	16.13M	25.58M	33.32M	40.27M	43.54M
Full Time Employees	362	387	441	500	501
Accumulated Allowance for Doubtful Accounts (Supple)	1.52M	1.18M	2.28M	3.72M	2.89M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	162M	90.47M	156M	165M	147M
Depreciation & Amortization - CF	5.47M	5.96M	15.16M	19.29M	18.51M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	5.47M	5.96M	15.16M	19.29M	18.51M
Amortization of Deferred Charges, Total - (CF)	12.59M	3.1M	5.5M	8.76M	11.36M
(Gain) Loss From Sale Of Asset	-	-3.04K	-30K	-	-220K
(Gain) Loss on Sale of Investments - (CF)	-13.02M	-16.02M	-12.3M	-11.59M	8.53M
Asset Writedown & Restructuring Costs	1.4M	1.03M	-18.66K	10.18K	-383
Provision and Write-off of Bad Debts	-	-	1.1M	2.1M	-760K
Other Operating Activities, Total	-2M	9.65M	7.68M	-15.32M	17.77M
Change In Accounts Receivable	-52.19M	16.13M	-60.65M	-109M	23.97M
Change In Inventories	-3.61M	-84.48M	-377M	-32.98M	89.56M
Change In Accounts Payable	-7.73M	25.02M	237M	-156M	-7.33M
Change In Deferred Taxes	670K	951K	-1.65M	631K	-2.76M
Change in Other Net Operating Assets	7.33M	-256K	7.8M	14.5M	4.4M
Cash from Operations	111M	51.56M	-21.59M	-114M	310M
Capital Expenditure	-82.62M	-56.73M	-40.57M	-20.16M	-11.69M
Sale of Property, Plant, and Equipment	-	7.25K	54.98K	2.06K	328K
Investment in Marketable and Equity Securities, Total	124M	-89M	116M	-208M	-297M
Other Investing Activities, Total	14.57M	13.36M	14.86M	976K	-4.24M
Cash from Investing	55.95M	-132M	90.34M	-227M	-313M
Short Term Debt Issued, Total	-	-	500K	-	-
Total Debt Issued	-	-	500K	-	-
Short Term Debt Repaid, Total	-	-	-500K	-	-
Long-Term Debt Repaid, Total	-	-	-3.66M	-3.95M	-5.34M
Total Debt Repaid	-	-	-4.16M	-3.95M	-5.34M
Issuance of Common Stock	-	-	334M	6.43M	6.48M
Repurchase of Common Stock	-	-	-5.18M	-	-25.57M
Common Dividends Paid	-40.37M	-24.23M	-24.22M	-45.68M	-54.94M
Common & Preferred Stock Dividends Paid	-40.37M	-24.23M	-24.22M	-45.68M	-54.94M
Other Financing Activities, Total	-	-675K	-1.45M	-432K	-300K
Cash from Financing	-40.37M	-24.9M	300M	-43.63M	-79.67M
Foreign Exchange Rate Adjustments	2M	-9.41M	-6M	20.69M	4.43M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	129M	-115M	363M	-364M	-78.19M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-32.88M	-26.73M	-66.99M	-77.61M	-76.17M
Levered Free Cash Flow	382M	-58.77M	-116M	-197M	244M
Unlevered Free Cash Flow	382M	-58.62M	-116M	-197M	244M
Change In Net Working Capital	-351M	58M	201M	295M	-135M
Net Debt Issued / Repaid	-	-	-3.66M	-3.95M	-5.34M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.89	3.86	6.04	3.84	4.34
Return on Total Capital	9.49	4.54	7.43	4.65	4.99
Return On Equity %	17.37	8.69	11.86	10.23	8.5
Return on Common Equity	17.37	8.69	11.86	10.23	8.5
Margin Analysis
Gross Profit Margin %	46.21	41.81	35.89	34.21	37.58
SG&A Margin	10.8	12.26	8.3	10.41	11.59
EBITDA Margin %	23.4	17.27	18.22	13.5	15.04
EBITA Margin %	22.54	16.01	16.95	12.05	13.61
EBIT Margin %	22.54	16.01	16.95	12.05	13.61
Income From Continuing Operations Margin %	25.78	19.14	16.89	16.51	14.45
Net Income Margin %	25.78	19.14	16.89	16.51	14.45
Net Avail. For Common Margin %	25.78	19.14	16.89	16.51	14.45
Normalized Net Income Margin	14.9	8.54	10.84	10	9.29
Levered Free Cash Flow Margin	60.72	-12.43	-12.59	-19.67	24.01
Unlevered Free Cash Flow Margin	60.72	-12.4	-12.57	-19.65	24.03
Asset Turnover
Asset Turnover	0.56	0.39	0.57	0.51	0.51
Fixed Assets Turnover	6.6	2.23	3.13	3.86	3.98
Receivables Turnover (Average Receivables)	5.77	4.31	9.13	5.27	3.87
Inventory Turnover (Average Inventory)	2.72	1.64	1.49	1.1	1.15
Short Term Liquidity
Current Ratio	4.9	4.93	3.74	5.89	6.36
Quick Ratio	4.09	3.58	2.22	3.48	4.35
Operating Cash Flow to Current Liabilities	0.62	0.28	-0.05	-0.43	1.21
Days Sales Outstanding (Average Receivables)	63.23	84.9	39.97	69.23	94.23
Days Outstanding Inventory (Average Inventory)	134.39	223.07	245.42	331.36	318.6
Average Days Payable Outstanding	113.04	107.27	60.99	80.97	95.01
Cash Conversion Cycle (Average Days)	84.58	200.69	224.41	319.62	317.82
Long Term Solvency
Total Debt/Equity	-	-	0.14	0.45	0.36
Total Debt / Total Capital	-	-	0.14	0.45	0.36
LT Debt/Equity	-	-	0.03	0.24	0.13
Long-Term Debt / Total Capital	-	-	0.03	0.24	0.13
Total Liabilities / Total Assets	15.32	14.77	21.38	13.89	12.92
EBIT / Interest Expense	-	320.73	691.86	284.91	455.7
EBITDA / Interest Expense	-	346.01	759.04	330.41	516.69
(EBITDA - Capex) / Interest Expense	-	105.58	579.19	282.83	478.16
Total Debt / EBITDA	-	-	0.01	0.05	0.04
Net Debt / EBITDA	-3.93	-6.67	-4.48	-4.36	-5.33
Total Debt / (EBITDA - Capex)	-	-	0.02	0.06	0.04
Net Debt / (EBITDA - Capex)	-8.96	-21.86	-5.87	-5.1	-5.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.18	-24.91	94.79	8.85	1.35
Gross Profit, 1 Yr. Growth %	34.27	-32.06	67.23	3.75	11.32
EBITDA, 1 Yr. Growth %	52.29	-44.67	105.51	-19.34	12.17
EBITA, 1 Yr. Growth %	51.11	-46.74