Cash flow Sinochem International Corporation

Equities

600500

CNE0000011R3

Diversified Chemicals

End-of-day quote Shanghai S.E. Other stock markets 2025-01-17			5-day change	1st Jan Change
3.860 ^CNY	0.00%		+3.21%	-3.98%

Dec. 12	Pirelli, Camfin work on financing to rise to 29.9% - press	RE
Dec. 12	Pirelli investor Camfin plans to raise stake to 29.9%, Italian daily says	RE

3d2f363b6661fbee9238a4b614b.-l2xfmZeUvH6zsPVWXP06fLKliXhFlr2xUU4n5sye40.sy_3LFA8C8iMt7SvLAGRoaCHp0eVIza5izdPyq5AAviZGtgyDjcevsv_rA

Published financial data: SINOCHEM INTERNATIONAL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	52.5B	53.93B	80.39B	87.27B	54.09B
Other Revenues, Total	347M	229M	260M	176M	184M
Total Revenues	52.85B	54.16B	80.65B	87.45B	54.27B
Cost of Goods Sold, Total	46.49B	47.84B	72.79B	80.73B	52.23B
Gross Profit	6.36B	6.32B	7.86B	6.72B	2.04B
Selling General & Admin Expenses, Total	3.41B	3.19B	3.22B	2.84B	2.25B
Provision for Bad Debts	-5.16M	40.76M	53.78M	-16M	-4.16M
R&D Expenses	723M	840M	964M	996M	883M
Other Operating Expenses	182M	-136M	218M	227M	143M
Other Operating Expenses, Total	4.31B	3.93B	4.46B	4.05B	3.28B
Operating Income	2.04B	2.38B	3.4B	2.68B	-1.23B
Interest Expense, Total	-747M	-586M	-551M	-786M	-560M
Interest And Investment Income	501M	493M	6.99B	248M	283M
Net Interest Expenses	-246M	-92.77M	6.44B	-537M	-277M
Currency Exchange Gains (Loss)	99.2M	-127M	23.8M	98.82M	13.07M
Other Non Operating Income (Expenses)	2.41M	-61.23M	-59.31M	-76.2M	-50.19M
EBT, Excl. Unusual Items	1.9B	2.1B	9.81B	2.16B	-1.55B
Impairment of Goodwill	-	-	-352M	-	-226M
Gain (Loss) On Sale Of Investments	-17.26M	89.52M	19.1M	-60.34M	-10.34M
Gain (Loss) On Sale Of Assets	-36.95M	-6.35M	5.98M	113M	17.64M
Asset Writedown	-41.57M	-64.23M	-43.35M	-145M	-590M
Legal Settlements	-254K	-12.63M	-2.72M	-219K	-986K
Other Unusual Items	167M	64.44M	193M	542M	223M
EBT, Incl. Unusual Items	1.97B	2.17B	9.63B	2.61B	-2.14B
Income Tax Expense	374M	434M	3.06B	429M	-283M
Earnings From Continuing Operations	1.6B	1.74B	6.57B	2.18B	-1.85B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.6B	1.74B	6.57B	2.18B	-1.85B
Minority Interest	-1.14B	-1.43B	-4.39B	-870M	4.92M
Net Income - (IS)	460M	307M	2.18B	1.31B	-1.85B
Preferred Dividend and Other Adjustments	-	-	61.2M	25.97M	15.91M
Net Income to Common Incl Extra Items	460M	307M	2.11B	1.28B	-1.86B
Net Income to Common Excl. Extra Items	460M	307M	2.11B	1.28B	-1.86B
Per Share Items
Net EPS - Basic	0.17	0.11	0.78	0.46	-0.52
Basic EPS - Continuing Operations	0.17	0.11	0.78	0.46	-0.52
Basic Weighted Average Shares Outstanding	2.7B	2.79B	2.71B	2.79B	3.57B
Net EPS - Diluted	0.17	0.11	0.77	0.46	-0.52
Diluted EPS - Continuing Operations	0.17	0.11	0.77	0.46	-0.52
Diluted Weighted Average Shares Outstanding	2.7B	2.79B	2.73B	2.81B	3.57B
Normalized Basic EPS	0.02	-0.04	0.64	0.17	-0.27
Normalized Diluted EPS	0.02	-0.04	0.64	0.17	-0.27
Dividend Per Share	0.16	0.04	0.08	0.15	-
Payout Ratio	208.35	335.46	39.17	88.71	-69.99
Supplemental Items
EBITDA	3.32B	3.95B	4.86B	4.24B	850M
EBITA	2.24B	2.59B	3.6B	2.87B	-1.05B
EBIT	2.04B	2.38B	3.4B	2.68B	-1.23B
EBITDAR	3.45B	4.12B	4.95B	4.35B	964M
Total Revenues (As Reported)	52.85B	54.16B	-	-	-
Effective Tax Rate - (Ratio)	18.96	19.93	31.78	16.45	13.24
Total Current Taxes	448M	456M	3.18B	730M	261M
Total Deferred Taxes	-74.01M	-22.09M	-119M	-282M	-525M
Normalized Net Income	49.75M	-119M	1.74B	481M	-963M
Interest Capitalized	-	74.74M	227M	305M	171M
Interest on Long-Term Debt	160M	4.59B	192M	424M	318M
Non-Cash Pension Expense	16.55M	14.96M	11.69M	-1.68M	355K
Supplemental Operating Expense Items
Marketing Expenses	14.43M	7.14M	5.7M	6.27M	8.36M
Selling and Marketing Expenses	1.29B	798M	918M	694M	586M
General and Administrative Expenses	2.04B	2.29B	2.27B	2.11B	1.64B
Research And Development Expense From Footnotes	768M	856M	976M	1.09B	992M
Net Rental Expense, Total	133M	163M	88.3M	106M	114M
Imputed Operating Lease Interest Expense	51.34M	55.22M	29.52M	43.73M	32.67M
Imputed Operating Lease Depreciation	81.5M	108M	58.79M	61.95M	81.26M
Maintenance & Repair Expenses, Total	67.67M	40.71M	71.72M	54.04M	18.31M
Stock-Based Comp., Other (Total)	-	38.03M	42.19M	22.47M	9.69M
Total Stock-Based Compensation	-	38.03M	42.19M	22.47M	9.69M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.99B	6.93B	2.98B	4.59B	1.91B
Short Term Investments	3.76M	210M	-	209M	-
Trading Asset Securities, Total	-	-	-	-	500K
Total Cash And Short Term Investments	7.99B	7.14B	2.98B	4.79B	1.91B
Accounts Receivable, Total	7.02B	7.21B	6.74B	6.55B	5.63B
Other Receivables	910M	387M	843M	731M	816M
Notes Receivable	2.32B	-	-	-	339M
Total Receivables	10.25B	7.59B	7.58B	7.28B	6.79B
Inventory	6.14B	6.56B	7.59B	6.02B	4.25B
Other Current Assets, Total	1.79B	3.21B	3.3B	15.64B	1.85B
Total Current Assets	26.17B	24.49B	21.45B	33.74B	14.8B
Gross Property Plant And Equipment	17.82B	22.78B	28.16B	31.62B	35.39B
Accumulated Depreciation	-4.39B	-4.37B	-3.53B	-3.27B	-5.05B
Net Property Plant And Equipment	13.43B	18.4B	24.63B	28.35B	30.35B
Long-term Investments	1.18B	1.09B	1.32B	1B	1.68B
Goodwill	5.11B	4.97B	4.23B	2.33B	2.14B
Other Intangibles, Total	4.62B	4.55B	4.14B	2.91B	2.75B
Loans Receivable Long-Term	23.9M	438M	-	-	-
Deferred Tax Assets Long-Term	488M	531M	717M	760M	1.16B
Deferred Charges Long-Term	73.22M	104M	89.51M	239M	238M
Other Long-Term Assets, Total	1.57B	1.36B	1.4B	936M	810M
Total Assets	52.67B	55.94B	57.97B	70.26B	53.92B
Liabilities
Accounts Payable, Total	6.43B	8.14B	6.54B	10.36B	8.25B
Accrued Expenses, Total	1.22B	1.1B	1.39B	1.18B	928M
Short-term Borrowings	6.17B	4.61B	9.68B	4.78B	4.59B
Current Portion of Long-Term Debt	444M	5.32B	2.34B	347M	2.39B
Current Portion of Leases	-	-	55.85M	46.34M	43.93M
Current Income Taxes Payable	416M	205M	1.23B	239M	98.89M
Unearned Revenue Current, Total	699M	997M	1.16B	1.02B	621M
Other Current Liabilities	873M	1.14B	4.05B	10.19B	729M
Total Current Liabilities	16.25B	21.52B	26.46B	28.15B	17.65B
Long-Term Debt	9.51B	4.98B	10.1B	14.58B	13.85B
Long-Term Leases	1.12M	22.66K	127M	109M	64.51M
Unearned Revenue Non Current	105M	139M	187M	161M	156M
Pension & Other Post Retirement Benefits	173M	180M	157M	13.47M	15.53M
Deferred Tax Liability Non Current	814M	878M	822M	523M	404M
Other Non Current Liabilities	538M	248M	198M	173M	188M
Total Liabilities	27.39B	27.94B	38.04B	43.71B	32.32B
Common Stock, Total	2.71B	2.76B	2.77B	3.59B	3.59B
Additional Paid In Capital	3.68B	3.61B	1.65B	5.6B	5.61B
Retained Earnings	5.99B	5.87B	7.85B	8.91B	6.6B
Treasury Stock	-	-158M	-171M	-114M	-48.05M
Comprehensive Income and Other	748M	881M	155M	157M	-233M
Total Common Equity	13.12B	12.96B	12.25B	18.14B	15.52B
Minority Interest	12.15B	15.04B	7.68B	8.4B	6.08B
Total Equity	25.27B	28B	19.93B	26.54B	21.6B
Total Liabilities And Equity	52.67B	55.94B	57.97B	70.26B	53.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.76B	2.71B	2.76B	2.93B	4.15B
ECS Total Common Shares Outstanding	2.71B	2.71B	2.76B	2.93B	4.15B
Book Value / Share	4.85	4.79	4.44	6.2	3.74
Tangible Book Value	3.4B	3.45B	3.88B	12.91B	10.63B
Tangible Book Value Per Share	1.26	1.27	1.41	4.41	2.57
Total Debt	16.13B	14.91B	22.3B	19.86B	20.93B
Net Debt	8.13B	7.77B	19.32B	15.07B	19.01B
Debt Equivalent of Unfunded Proj. Benefit Obligation	173M	180M	157M	13.47M	15.53M
Debt Equivalent Oper. Leases	1.06B	1.3B	706M	845M	911M
Minority Interest, Total (Incl. Fin. Div)	12.15B	15.04B	7.68B	8.4B	6.08B
Equity Method Investments, Total	564M	714M	731M	686M	1.56B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.36B	1.73B	1.78B	1.89B	981M
Inventories - Work In Process, Total	717M	718M	284M	99.88M	81.38M
Inventories - Finished Goods, Total	4.13B	4.18B	5.67B	4.45B	3.54B
Inventories - Others	17.32M	21.76M	114K	2.6M	137K
Buildings, Total	4.3B	5.52B	5.06B	5.88B	7.18B
Machinery, Total	7.69B	9.57B	9.14B	13.49B	17.14B
Full Time Employees	26.3K	26.98K	25.17K	26.31K	10.34K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	153M	202M	117M	94.16M	88.14M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	460M	307M	2.18B	1.31B	-1.85B
Depreciation & Amortization - CF	1.09B	1.37B	1.34B	1.44B	1.96B
Amortization of Goodwill and Intangible Assets - (CF)	192M	202M	196M	190M	181M
Depreciation & Amortization, Total	1.28B	1.57B	1.54B	1.63B	2.14B
Amortization of Deferred Charges, Total - (CF)	49.17M	48.8M	69.66M	84.68M	96.68M
(Gain) Loss From Sale Of Asset	10.41M	-26.25M	-5.98M	-113M	-17.45M
(Gain) Loss on Sale of Investments - (CF)	-250M	-267M	-6.86B	-152M	-209M
Asset Writedown & Restructuring Costs	68.11M	96.83M	388M	145M	624M
Stock-Based Compensation (CF)	-	-	42.19M	22.47M	9.69M
Provision and Write-off of Bad Debts	-5.16M	40.76M	61.22M	-16M	181M
Other Operating Activities, Total	1.86B	2.24B	5.1B	2.43B	1.04B
Change In Accounts Receivable	-883M	-489M	-3.86B	-1.36B	1.22B
Change In Inventories	127M	-372M	-2.52B	-2.16B	1.33B
Change In Accounts Payable	-1.05B	-610M	4.47B	1.82B	-2.29B
Change In Deferred Taxes	-74.01M	22.73M	-135M	-281M	-526M
Change in Other Net Operating Assets	15.53M	13.46M	922M	54.4M	-43.34M
Cash from Operations	1.61B	2.58B	1.37B	3.41B	1.7B
Capital Expenditure	-4.28B	-4.82B	-8.66B	-8.33B	-4.28B
Sale of Property, Plant, and Equipment	78.76M	200M	94.63M	212M	31.29M
Cash Acquisitions	-1.02B	60.45M	-661M	-	-4.76M
Divestitures	-	-	7.83B	-	477M
Sale (Purchase) of Real Estate properties	-38.42M	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.73B	1.6B	46.8M	26.96M	-185M
Other Investing Activities, Total	21.35M	165M	-2.35B	-480M	168M
Cash from Investing	-2.51B	-2.8B	-3.7B	-8.57B	-3.79B
Long-Term Debt Issued, Total	31.9B	30.31B	48.41B	66.94B	48.54B
Total Debt Issued	31.9B	30.31B	48.41B	66.94B	48.54B
Long-Term Debt Repaid, Total	-29.65B	-31.41B	-40.07B	-61.89B	-47.66B
Total Debt Repaid	-29.65B	-31.41B	-40.07B	-61.89B	-47.66B
Issuance of Common Stock	-	168M	729M	4.97B	-
Repurchase of Common Stock	-	-	-1.3B	-3.27M	-711M
Common Dividends Paid	-958M	-1.03B	-852M	-1.16B	-1.29B
Common & Preferred Stock Dividends Paid	-958M	-1.03B	-852M	-1.16B	-1.29B
Other Financing Activities, Total	-1.32B	759M	-8.15B	-1.58B	263M
Cash from Financing	-22.29M	-1.2B	-1.25B	7.28B	-864M
Foreign Exchange Rate Adjustments	119M	-71.46M	-71.95M	74.9M	45.41M
Net Change in Cash	-808M	-1.5B	-3.65B	2.19B	-2.91B
Supplemental Items
Cash Income Tax Paid (Refund)	204M	1.09B	555M	-233M	-227M
Levered Free Cash Flow	-2.63B	824M	-3.55B	-7.27B	548M
Unlevered Free Cash Flow	-2.16B	1.19B	-3.21B	-6.78B	898M
Change In Net Working Capital	485M	-2.87B	-1.68B	1.86B	-3.7B
Net Debt Issued / Repaid	2.26B	-1.1B	8.33B	5.05B	877M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.48	2.73	3.73	2.61	-1.24
Return on Total Capital	3.19	3.52	5	3.78	-1.73
Return On Equity %	6.48	6.51	27.41	9.39	-7.7
Return on Common Equity	3.77	2.34	16.77	8.46	-11.07
Margin Analysis
Gross Profit Margin %	12.03	11.67	9.75	7.69	3.76
SG&A Margin	6.46	5.89	3.99	3.25	4.15
EBITDA Margin %	6.28	7.3	6.03	4.85	1.57
EBITA Margin %	4.23	4.78	4.46	3.28	-1.94
EBIT Margin %	3.87	4.4	4.22	3.06	-2.27
Income From Continuing Operations Margin %	3.02	3.22	8.15	2.49	-3.41
Net Income Margin %	0.87	0.57	2.7	1.5	-3.4
Net Avail. For Common Margin %	0.87	0.57	2.62	1.47	-3.43
Normalized Net Income Margin	0.09	-0.22	2.15	0.55	-1.77
Levered Free Cash Flow Margin	-4.97	1.52	-4.4	-8.32	1.01
Unlevered Free Cash Flow Margin	-4.09	2.2	-3.97	-7.76	1.65
Asset Turnover
Asset Turnover	1.03	0.99	1.42	1.36	0.87
Fixed Assets Turnover	4.43	3.37	3.75	3.3	1.85
Receivables Turnover (Average Receivables)	7.54	7.57	11.53	13.13	8.88
Inventory Turnover (Average Inventory)