Cash flow Sinotrans Limited

Equities

598 CNE1000004F1

Air Freight & Logistics

Market Closed - Hong Kong S.E. Other stock markets 03:08:19 2025-01-24 am EST			5-day change	1st Jan Change
3.730 ^HKD	-1.06%		-0.27%	+1.63%

Jan. 08	Sinotrans Gets Hong Kong Bourse's Nod for Proposed Spin-Off, Shanghai Listing of REIT	MT
Jan. 03	Tranche Update on Sinotrans Limited's Equity Buyback Plan announced on October 16, 2024.	CI

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Published financial data: SINOTRANS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	77.65B	84.54B	124B	109B	102B
Other Revenues, Total	-	-	-	-	-
Total Revenues	77.65B	84.54B	124B	109B	102B
Cost of Goods Sold, Total	73.44B	79.6B	119B	103B	95.89B
Gross Profit	4.21B	4.94B	5.62B	6.03B	5.81B
Selling General & Admin Expenses, Total	3.43B	3.54B	4.1B	4.39B	4.46B
Provision for Bad Debts	23.19M	96.3M	97.57M	47.47M	26.36M
R&D Expenses	73.44M	149M	172M	196M	233M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-1.11B	-1.1B	-1.41B	-898M	-1.74B
Other Operating Expenses, Total	2.42B	2.68B	2.96B	3.74B	2.98B
Operating Income	1.79B	2.26B	2.66B	2.29B	2.83B
Interest Expense, Total	-565M	-457M	-417M	-479M	-520M
Interest And Investment Income	1.74B	1.72B	2.65B	2.76B	2.6B
Net Interest Expenses	1.18B	1.26B	2.23B	2.28B	2.08B
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	65.72M	-295M	-107M	372M	18.39M
Other Non Operating Income (Expenses)	-47.42M	-54.05M	-39.09M	-12.68M	-33.64M
EBT, Excl. Unusual Items	2.99B	3.17B	4.75B	4.93B	4.9B
Impairment of Goodwill	-	-53.6M	-79.62M	-	-327M
Gain (Loss) On Sale Of Investments	151	-30.64M	-34.78M	-105M	267M
Gain (Loss) On Sale Of Assets	153M	35.01M	117M	196M	186M
Asset Writedown	13.58M	1.55M	-139M	-109M	3.57M
Legal Settlements	-90.86M	20.66M	-85.23M	-15.98M	-18.74M
Other Unusual Items	265M	393M	208M	299M	495M
EBT, Incl. Unusual Items	3.33B	3.54B	4.73B	5.2B	5.51B
Income Tax Expense	399M	663M	800M	957M	1.06B
Earnings From Continuing Operations	2.93B	2.87B	3.93B	4.24B	4.45B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2.93B	2.87B	3.93B	4.24B	4.45B
Minority Interest	-124M	-118M	-219M	-172M	-231M
Net Income - (IS)	2.8B	2.75B	3.71B	4.07B	4.22B
Net Income to Common Incl Extra Items	2.8B	2.75B	3.71B	4.07B	4.22B
Net Income to Common Excl. Extra Items	2.8B	2.75B	3.71B	4.07B	4.22B
Per Share Items
Net EPS - Basic	0.38	0.37	0.5	0.55	0.58
Basic EPS - Continuing Operations	0.38	0.37	0.5	0.55	0.58
Basic Weighted Average Shares Outstanding	7.38B	7.4B	7.4B	7.35B	7.25B
Net EPS - Diluted	0.38	0.37	0.5	0.55	0.58
Diluted EPS - Continuing Operations	0.38	0.37	0.5	0.55	0.58
Diluted Weighted Average Shares Outstanding	7.38B	7.4B	7.4B	7.35B	7.25B
Normalized Basic EPS	0.24	0.25	0.37	0.4	0.39
Normalized Diluted EPS	0.24	0.25	0.37	0.4	0.39
Dividend Per Share	0.12	0.12	0.18	0.2	0.29
Payout Ratio	55.96	32.27	23.92	51.14	42.02
American Depositary Receipts Ratio (ADR)	100	100	100	100	100
Supplemental Items
EBITDA	2.9B	3.52B	3.94B	3.67B	4.28B
EBITA	1.92B	2.45B	2.86B	2.5B	3.05B
EBIT	1.79B	2.26B	2.66B	2.29B	2.83B
EBITDAR	3.64B	4.08B	4.74B	4.59B	5.79B
Total Revenues (As Reported)	77.65B	84.54B	124B	109B	102B
Effective Tax Rate - (Ratio)	11.98	18.76	16.9	18.41	19.19
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	417M	691M	834M	941M	1.1B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-18.53M	-27.55M	-34.63M	15.86M	-39.05M
Normalized Net Income	1.74B	1.86B	2.75B	2.91B	2.83B
Interest Capitalized	20.18M	25.96M	23.89M	3.21M	1.99M
Interest on Long-Term Debt	247M	223M	102M	254M	284M
Non-Cash Pension Expense	16.01M	33.27K	34.48M	25.29M	6.98M
Supplemental Operating Expense Items
Advertising Expense	12.2M	-	-	-	21.93M
Selling and Marketing Expenses	849M	798M	960M	1.02B	1.08B
General and Administrative Expenses	2.53B	2.74B	3.09B	3.32B	3.32B
Research And Development Expense From Footnotes	73.44M	149M	172M	196M	233M
Net Rental Expense, Total	734M	558M	803M	919M	1.51B
Imputed Operating Lease Interest Expense	228M	146M	190M	232M	447M
Imputed Operating Lease Depreciation	506M	411M	612M	687M	1.06B
Maintenance & Repair Expenses, Total	20.98M	95.32M	122M	146M	151M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	30.12M	30.05M
Total Stock-Based Compensation	-	-	-	30.12M	30.05M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	10.48B	11.37B	14.5B	16.31B	13.96B
Short Term Investments	-	-	-	-	15.12M
Trading Asset Securities, Total	5.64M	303M	795K	664K	520K
Total Cash And Short Term Investments	10.48B	11.67B	14.5B	16.31B	13.98B
Accounts Receivable, Total	10.73B	11.65B	14.69B	13.91B	12.9B
Other Receivables	752M	1.61B	1.72B	1.88B	2.46B
Notes Receivable	-	-	-	-	-
Total Receivables	11.49B	13.25B	16.41B	15.79B	15.37B
Inventory	125M	81.76M	69M	65.46M	58.68M
Prepaid Expenses	34.11M	24.71M	19.46M	47.94M	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	3.74B	3.22B	5.36B	6.12B	5.22B
Total Current Assets	25.86B	28.26B	36.36B	38.34B	34.62B
Gross Property Plant And Equipment	25.17B	26.92B	27.62B	29.73B	31.09B
Accumulated Depreciation	-8.55B	-9.51B	-10.32B	-11.27B	-12.52B
Net Property Plant And Equipment	16.62B	17.41B	17.3B	18.46B	18.57B
Long-term Investments	10.32B	8.64B	9.24B	9.27B	10.53B
Goodwill	173M	2.28B	1.98B	2.21B	2.04B
Other Intangibles, Total	5.74B	6.16B	6.25B	6.32B	6.4B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	213M	228M	260M	226M	276M
Deferred Charges Long-Term	302M	340M	369M	331M	415M
Other Long-Term Assets, Total	2.66B	2.5B	2.55B	2.68B	3.04B
Total Assets	61.89B	65.82B	74.3B	77.83B	75.89B
Liabilities
Accounts Payable, Total	9.15B	10.72B	13.93B	13.94B	12.45B
Accrued Expenses, Total	1.71B	2.01B	2.46B	2.71B	2.54B
Short-term Borrowings	1.2B	502M	438M	583M	610M
Current Portion of Long-Term Debt	2.77B	5.65B	306M	2.57B	4.51B
Current Portion of Leases	496M	597M	543M	656M	657M
Current Income Taxes Payable	227M	337M	328M	292M	319M
Unearned Revenue Current, Total	2.61B	2.79B	4.31B	4.3B	4.26B
Other Current Liabilities	2.49B	1.69B	1.96B	2.99B	2.7B
Total Current Liabilities	20.66B	24.29B	24.27B	28.04B	28.04B
Long-Term Debt	8.45B	6.26B	11.96B	9.35B	4.35B
Long-Term Leases	1.52B	1.8B	1.71B	2.4B	2.5B
Unearned Revenue Non Current	383M	417M	426M	404M	406M
Pension & Other Post Retirement Benefits	2.39M	2.33M	2.3M	2.29M	4.55M
Deferred Tax Liability Non Current	84.26M	181M	180M	191M	239M
Other Non Current Liabilities	539M	624M	701M	568M	228M
Total Liabilities	31.63B	33.57B	39.25B	40.96B	35.77B
Common Stock, Total	7.4B	7.4B	7.4B	7.36B	7.29B
Additional Paid In Capital	6.07B	6.06B	6.06B	6.01B	6.56B
Retained Earnings	15.07B	17.02B	19.86B	21.84B	23.96B
Treasury Stock	-	-	-	-301M	-194M
Comprehensive Income and Other	-99.69M	-27.73M	-214M	-44.85M	179M
Total Common Equity	28.44B	30.45B	33.1B	34.87B	37.8B
Minority Interest	1.81B	1.8B	1.95B	2B	2.32B
Total Equity	30.25B	32.25B	35.05B	36.87B	40.12B
Total Liabilities And Equity	61.89B	65.82B	74.3B	77.83B	75.89B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.4B	7.4B	7.4B	7.24B	7.24B
ECS Total Common Shares Outstanding	7.4B	7.4B	7.4B	7.26B	7.24B
Book Value / Share	3.84	4.11	4.47	4.8	5.22
Tangible Book Value	22.53B	22.01B	24.87B	26.34B	29.36B
Tangible Book Value Per Share	3.04	2.97	3.36	3.63	4.05
Total Debt	14.44B	14.81B	14.96B	15.55B	12.63B
Net Debt	3.96B	3.13B	464M	-758M	-1.35B
Debt Equivalent Oper. Leases	5.87B	4.46B	6.42B	7.35B	12.07B
Minority Interest, Total (Incl. Fin. Div)	1.81B	1.8B	1.95B	2B	2.32B
Equity Method Investments, Total	9.37B	7.75B	8.41B	8.53B	9.14B
Account Code - Inventory Valuation	6	6	6	5	5
Inventories - Raw Materials, Total	35.11M	32.01M	31.52M	32.64M	37.2M
Inventories - Finished Goods, Total	75.87M	41.52M	28.64M	20.94M	11.32M
Inventories - Others	22.06M	16.03M	16.63M	16.92M	15.79M
Buildings, Total	11.89B	12.26B	13.33B	14.21B	14.6B
Machinery, Total	7.09B	7.22B	7.52B	8.16B	8.75B
Full Time Employees	33.75K	34.63K	33.79K	33.34K	32.94K
Accumulated Allowance for Doubtful Accounts (Supple)	422M	466M	525M	540M	549M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.8B	2.75B	3.71B	4.07B	4.22B
Depreciation & Amortization - CF	1.67B	1.76B	1.82B	1.98B	2.16B
Amortization of Goodwill and Intangible Assets - (CF)	126M	191M	201M	202M	214M
Depreciation & Amortization, Total	1.79B	1.95B	2.02B	2.19B	2.37B
Amortization of Deferred Charges, Total - (CF)	149M	133M	152M	209M	174M
(Gain) Loss From Sale Of Asset	-153M	-35.01M	-117M	-196M	-186M
(Gain) Loss on Sale of Investments - (CF)	-1.51B	-1.54B	-2.47B	-2.47B	-2.59B
Asset Writedown & Restructuring Costs	653K	52.05M	218M	109M	323M
Provision for Credit Losses	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	23.19M	127M	97.57M	47.46M	24.46M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	474M	742M	781M	209M	677M
Change In Accounts Receivable	410M	-1.21B	-5.21B	-302M	1.57B
Change In Inventories	141M	48.31M	4.66M	3.54M	15.18M
Change In Accounts Payable	-793M	961M	5.01B	1.24B	-2.72B
Change in Unearned Revenues	-	-	-	-	-
Change In Deferred Taxes	-18.53M	-27.55M	-34.63M	15.86M	-39.05M
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	3.32B	3.96B	4.16B	5.12B	3.84B
Capital Expenditure	-1.92B	-1.81B	-1.45B	-1.56B	-1.61B
Sale of Property, Plant, and Equipment	317M	134M	225M	276M	388M
Cash Acquisitions	-188M	-530M	-191M	-186M	-485M
Divestitures	-9.39M	-	1.57M	197M	-19.51M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.94B	9.76M	219M	-75.61M	-306M
Net (Increase) Decrease in Loans Originated / Sold - Investing	380M	2M	-	-	-
Other Investing Activities, Total	1.3B	856M	1.67B	2.36B	2.24B
Cash from Investing	-2.05B	-1.34B	473M	1.02B	210M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.53B	5.7B	8.81B	2.45B	1.12B
Total Debt Issued	1.53B	5.7B	8.81B	2.45B	1.12B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-5.54B	-5.98B	-9.13B	-4.16B	-5.45B
Total Debt Repaid	-5.54B	-5.98B	-9.13B	-4.16B	-5.45B
Issuance of Common Stock	-	-	-	40M	-
Repurchase of Common Stock	-	-	-	-390M	-26.78M
Common Dividends Paid	-1.57B	-889M	-888M	-2.08B	-1.77B
Common & Preferred Stock Dividends Paid	-1.57B	-889M	-888M	-2.08B	-1.77B
Other Financing Activities, Total	-758M	-386M	-397M	-463M	-576M
Cash from Financing	-6.33B	-1.55B	-1.61B	-4.6B	-6.7B
Foreign Exchange Rate Adjustments	139M	-163M	-112M	429M	73.57M
Net Change in Cash	-4.93B	903M	2.92B	1.96B	-2.58B
Supplemental Items
Cash Interest Paid	-	374M	338M	382M	367M
Cash Income Tax Paid (Refund)	1.26B	1.25B	1.53B	1.86B	2.01B
Levered Free Cash Flow	331M	1.54B	2.3B	3.09B	1.41B
Unlevered Free Cash Flow	685M	1.82B	2.56B	3.39B	1.73B
Change In Net Working Capital	455M	-141M	-171M	-1.09B	1.01B
Net Debt Issued / Repaid	-4.01B	-275M	-323M	-1.71B	-4.33B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.81	2.21	2.38	1.88	2.3
Return on Total Capital	2.53	3.07	3.43	2.8	3.37
Return On Equity %	10.07	9.19	11.69	11.79	11.56
Return on Common Equity	10.85	9.35	11.69	11.97	11.63
Margin Analysis
Gross Profit Margin %	5.42	5.84	4.52	5.55	5.72
SG&A Margin	4.41	4.19	3.3	4.04	4.38
EBITDA Margin %	3.74	4.17	3.17	3.37	4.21
EBITA Margin %	2.47	2.89	2.3	2.29	3
EBIT Margin %	2.3	2.67	2.14	2.11	2.79
Income From Continuing Operations Margin %	3.77	3.4	3.16	3.9	4.38
Net Income Margin %	3.61	3.26	2.99