Cash flow Topsec Technologies Group Inc.

Equities

002212

CNE1000009B9

Internet Services

End-of-day quote Shenzhen S.E. Other stock markets 2025-01-24			5-day change	1st Jan Change
6.920 ^CNY	+2.67%		+1.32%	+7.29%

Dec. 12	Topsec Technologies Group Inc.(SZSE:002212) dropped from Shenzhen Stock Exchange Component A Share Index	CI
Dec. 12	Topsec Technologies Group Inc.(SZSE:002212) dropped from Shenzhen Stock Exchange Component Index	CI

fa217d21ffafe1a4048192.9Wcyvd9OUDLiT6ybIiAe6UgmDSV4UEh8tXtgl-Xs_Dg.x1Bg7J0bY3CmN_r0dkpE2D5Dd1MdGzk7wxMG5JShy12hHVve6AdjXdt6nA

Published financial data: TOPSEC TECHNOLOGIES GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.05B	5.7B	3.35B	3.54B	3.11B
Other Revenues, Total	41.05M	8.31M	3.11M	-	10.79M
Total Revenues	7.09B	5.7B	3.35B	3.54B	3.12B
Cost of Goods Sold, Total	5.21B	3.6B	1.36B	1.43B	1.25B
Gross Profit	1.88B	2.1B	1.99B	2.11B	1.87B
Selling General & Admin Expenses, Total	994M	951M	1.06B	1.13B	1.14B
Provision for Bad Debts	60.14M	69.14M	105M	63.15M	55.2M
R&D Expenses	502M	614M	803M	821M	768M
Other Operating Expenses	-94.52M	-86.78M	-152M	-86.44M	-123M
Other Operating Expenses, Total	1.46B	1.55B	1.81B	1.93B	1.84B
Operating Income	422M	553M	176M	181M	37.39M
Interest Expense, Total	-26.85M	-14.8M	-4.8M	-9.42M	-11.18M
Interest And Investment Income	5.1M	5.52M	30.38M	35.17M	9.62M
Net Interest Expenses	-21.74M	-9.28M	25.58M	25.76M	-1.56M
Currency Exchange Gains (Loss)	1.36M	-4.58M	-210K	-	-
Other Non Operating Income (Expenses)	-3.78M	-3.75M	-17.89M	5.38M	-5.12M
EBT, Excl. Unusual Items	398M	535M	183M	212M	30.71M
Impairment of Goodwill	-	-3.44M	-	-	-443M
Gain (Loss) On Sale Of Investments	48.08M	31.59M	53.3M	472K	2.02M
Gain (Loss) On Sale Of Assets	1.97M	11.05M	18.11K	273K	52.82K
Asset Writedown	-1.18M	-1.83M	-373K	-92.23K	-232K
Other Unusual Items	25.43M	1.23M	24.97M	33.56M	18.22M
EBT, Incl. Unusual Items	472M	574M	261M	246M	-393M
Income Tax Expense	69.05M	177M	34.9M	40.71M	-21.11M
Earnings From Continuing Operations	403M	397M	226M	205M	-371M
Net Income to Company	403M	397M	226M	205M	-371M
Minority Interest	-2.35M	3.5M	3.92M	-113K	-4.56K
Net Income - (IS)	401M	400M	230M	205M	-371M
Net Income to Common Incl Extra Items	401M	400M	230M	205M	-371M
Net Income to Common Excl. Extra Items	401M	400M	230M	205M	-371M
Per Share Items
Net EPS - Basic	0.36	0.35	0.2	0.18	-0.33
Basic EPS - Continuing Operations	0.36	0.35	0.2	0.18	-0.33
Basic Weighted Average Shares Outstanding	1.13B	1.13B	1.13B	1.14B	1.14B
Net EPS - Diluted	0.35	0.35	0.2	0.18	-0.33
Diluted EPS - Continuing Operations	0.35	0.35	0.2	0.18	-0.33
Diluted Weighted Average Shares Outstanding	1.14B	1.14B	1.16B	1.14B	1.14B
Normalized Basic EPS	0.22	0.3	0.1	0.12	0.02
Normalized Diluted EPS	0.22	0.3	0.1	0.12	0.02
Dividend Per Share	-	0.04	0.02	-	-
Payout Ratio	6.54	3.9	20.7	12.01	-
Supplemental Items
EBITDA	519M	599M	204M	216M	95.24M
EBITA	448M	555M	176M	181M	54.64M
EBIT	422M	553M	176M	181M	37.39M
EBITDAR	522M	633M	239M	217M	95.93M
Total Revenues (As Reported)	7.09B	5.7B	-	3.54B	-
Effective Tax Rate - (Ratio)	14.62	30.91	13.37	16.55	5.38
Current Domestic Taxes	-	-	-	54.12M	-
Total Current Taxes	81.69M	200M	67.97M	54.12M	461K
Deferred Domestic Taxes	-	-	-	-13.41M	-
Total Deferred Taxes	-12.64M	-22.17M	-33.07M	-13.41M	-21.57M
Normalized Net Income	246M	338M	118M	132M	19.19M
Interest on Long-Term Debt	-	-	4.21M	-	8.32M
Non-Cash Pension Expense	2.32M	570K	243K	1.33M	21.46M
Supplemental Operating Expense Items
Advertising Expense	20.52M	6.64M	11.37M	-	-
Selling and Marketing Expenses	640M	580M	685M	812M	919M
General and Administrative Expenses	354M	339M	337M	322M	217M
Research And Development Expense From Footnotes	502M	614M	803M	821M	1.08B
Net Rental Expense, Total	2.63M	34.35M	34.18M	176K	689K
Imputed Operating Lease Interest Expense	940K	17.13M	12.77M	67.79K	281K
Imputed Operating Lease Depreciation	1.69M	17.22M	21.41M	108K	408K
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	161M	136M	137M	107M	15.61M
Total Stock-Based Compensation	161M	136M	137M	107M	15.61M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	719M	1.38B	914M	918M	957M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	480M	400M	-	-	-
Total Cash And Short Term Investments	1.2B	1.78B	914M	918M	957M
Accounts Receivable, Total	1.81B	1.66B	2.25B	2.82B	2.53B
Other Receivables	45.21M	1.07B	906M	485M	491M
Notes Receivable	-	-	-	-	-
Total Receivables	1.86B	2.73B	3.15B	3.31B	3.02B
Inventory	1.02B	431M	509M	573M	463M
Other Current Assets, Total	222M	82.97M	79.95M	44M	76.05M
Total Current Assets	4.3B	5.02B	4.66B	4.84B	4.52B
Gross Property Plant And Equipment	1.11B	389M	629M	853M	835M
Accumulated Depreciation	-547M	-102M	-159M	-223M	-287M
Net Property Plant And Equipment	560M	288M	469M	630M	548M
Long-term Investments	1.04B	698M	891M	765M	747M
Goodwill	4.59B	4.6B	4.59B	4.59B	4.14B
Other Intangibles, Total	447M	494M	621M	1.03B	1.12B
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	53.47M	54.73M	83.37M	69.6M	88.53M
Deferred Charges Long-Term	104M	160M	273M	40.25M	36.5M
Other Long-Term Assets, Total	8.2M	5.42M	12.52M	22.39M	20.75M
Total Assets	11.11B	11.32B	11.6B	11.99B	11.22B
Liabilities
Accounts Payable, Total	718M	659M	951M	946M	871M
Accrued Expenses, Total	313M	373M	388M	380M	257M
Short-term Borrowings	398M	-	-	105M	-
Current Portion of Long-Term Debt	57.74M	4.62M	-	-	-
Current Portion of Leases	-	-	39.98M	35.29M	35.58M
Current Income Taxes Payable	65.7M	75.66M	67.12M	53.97M	223K
Unearned Revenue Current, Total	-	238M	274M	143M	195M
Other Current Liabilities	526M	288M	277M	337M	267M
Total Current Liabilities	2.08B	1.64B	2B	2B	1.63B
Long-Term Debt	-	14.41M	-	-	-
Long-Term Leases	-	-	49.87M	161M	102M
Unearned Revenue Non Current	51.91M	44.45M	35.88M	36.07M	42.06M
Deferred Tax Liability Non Current	77.8M	34.23M	35.08M	7.9M	5.26M
Total Liabilities	2.21B	1.73B	2.12B	2.21B	1.77B
Common Stock, Total	1.16B	1.17B	1.19B	1.18B	1.18B
Additional Paid In Capital	5.76B	6.05B	6.35B	6.45B	6.46B
Retained Earnings	2.06B	2.58B	2.76B	2.94B	2.57B
Treasury Stock	-194M	-210M	-810M	-787M	-762M
Comprehensive Income and Other	118M	-7.9M	-8.55M	-8.55M	-8.55M
Total Common Equity	8.9B	9.59B	9.48B	9.78B	9.45B
Minority Interest	9.96M	8.49M	1.72M	2.12M	2.13M
Total Equity	8.91B	9.59B	9.48B	9.78B	9.45B
Total Liabilities And Equity	11.11B	11.32B	11.6B	11.99B	11.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.16B	1.15B	1.03B	1.17B	1.16B
ECS Total Common Shares Outstanding	1.16B	1.17B	1.03B	1.17B	1.16B
Book Value / Share	7.68	8.18	9.22	8.33	8.11
Tangible Book Value	3.85B	4.49B	4.27B	4.16B	4.18B
Tangible Book Value Per Share	3.33	3.83	4.15	3.55	3.59
Total Debt	456M	19.03M	89.85M	301M	138M
Net Debt	-743M	-1.76B	-824M	-617M	-819M
Debt Equivalent Oper. Leases	21.05M	275M	273M	1.41M	5.51M
Minority Interest, Total (Incl. Fin. Div)	9.96M	8.49M	1.72M	2.12M	2.13M
Equity Method Investments, Total	601M	454M	636M	514M	502M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	195M	93.19M	183M	221M	195M
Inventories - Work In Process, Total	170M	1.69M	39.82M	27.41M	56.04M
Inventories - Finished Goods, Total	670M	348M	301M	341M	234M
Buildings, Total	595M	197M	186M	406M	413M
Machinery, Total	509M	118M	164M	190M	201M
Full Time Employees	5.28K	5.36K	-	6.5K	-
Accumulated Allowance for Doubtful Accounts (Supple)	214M	209M	271M	315M	365M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	401M	400M	230M	205M	-371M
Depreciation & Amortization - CF	71.2M	43.5M	65.7M	77.31M	82.51M
Amortization of Goodwill and Intangible Assets - (CF)	25.51M	2.25M	176K	176K	17.25M
Depreciation & Amortization, Total	96.72M	45.75M	65.88M	77.49M	99.76M
Amortization of Deferred Charges, Total - (CF)	45.51M	97.36M	121M	184M	220M
(Gain) Loss From Sale Of Asset	-1.97M	-11.05M	-18.11K	-273K	-52.82K
(Gain) Loss on Sale of Investments - (CF)	-54.06M	-47.59M	-69.97M	-23.76M	-2.02M
Asset Writedown & Restructuring Costs	1.18M	5.27M	164K	92.23K	444M
Stock-Based Compensation (CF)	-	-	-	-	15.61M
Provision and Write-off of Bad Debts	60.14M	69.14M	105M	63.15M	55.26M
Other Operating Activities, Total	33.2M	76.01M	1.66M	-4.21M	21.82M
Change In Accounts Receivable	-409M	-950M	-909M	-768M	149M
Change In Inventories	-208M	-84.66M	-180M	-72.53M	104M
Change In Accounts Payable	620M	499M	708M	11.19M	-182M
Change In Deferred Taxes	-12.64M	-22.21M	-32.7M	-13.41M	-21.57M
Change in Other Net Operating Assets	160M	126M	131M	70M	-16M
Cash from Operations	733M	204M	170M	-271M	517M
Capital Expenditure	-234M	-382M	-519M	-465M	-347M
Sale of Property, Plant, and Equipment	15.14M	48.73M	1.07M	400K	233K
Cash Acquisitions	-	-17.73M	-	-	-
Divestitures	-	825M	-32.61M	-	-
Investment in Marketable and Equity Securities, Total	-454M	-120M	715M	627M	-17.19M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	3.72M	20.52M	-264M	21.4M	2.72M
Cash from Investing	-669M	374M	-98.89M	184M	-361M
Short Term Debt Issued, Total	429M	-	-	106M	100M
Long-Term Debt Issued, Total	-	366M	-	-	-
Total Debt Issued	429M	366M	-	106M	100M
Short Term Debt Repaid, Total	-741M	-	-	-	-206M
Long-Term Debt Repaid, Total	-	-432M	-70.09M	-45.44M	-46.69M
Total Debt Repaid	-741M	-432M	-70.09M	-45.44M	-253M
Issuance of Common Stock	194M	179M	182M	1.75M	1.08M
Repurchase of Common Stock	-	-	-608M	-110M	-1.14M
Common Dividends Paid	-26.22M	-15.58M	-47.61M	-24.62M	-
Common & Preferred Stock Dividends Paid	-26.22M	-15.58M	-47.61M	-24.62M	-
Other Financing Activities, Total	-	-5.32M	-4.03M	143M	18.03M
Cash from Financing	-145M	92.32M	-547M	71.04M	-135M
Foreign Exchange Rate Adjustments	311K	-2.54M	-	-	-
Net Change in Cash	-80.9M	667M	-476M	-16M	20.56M
Supplemental Items
Cash Interest Paid	-	-	-	-	1.97M
Cash Income Tax Paid (Refund)	188M	308M	188M	189M	209M
Levered Free Cash Flow	435M	108M	-264M	-268M	95.4M
Unlevered Free Cash Flow	452M	117M	-261M	-262M	102M
Change In Net Working Capital	-119M	125M	175M	278M	-90.44M
Net Debt Issued / Repaid	-312M	-65.9M	-70.09M	60.46M	-153M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.51	3.08	0.95	0.96	0.2
Return on Total Capital	2.88	3.64	1.14	1.15	0.24
Return On Equity %	4.71	4.29	2.37	2.13	-3.86
Return on Common Equity	4.69	4.33	2.41	2.13	-3.86
Margin Analysis
Gross Profit Margin %	26.57	36.82	59.29	59.61	60
SG&A Margin	14.02	16.67	31.51	32.01	36.36
EBITDA Margin %	7.32	10.5	6.1	6.11	3.05
EBITA Margin %	6.31	9.73	5.24	5.1	1.75
EBIT Margin %	5.95	9.7	5.24	5.1	1.2
Income From Continuing Operations Margin %	5.69	6.95	6.75	5.79	-11.89
Net Income Margin %	5.65	7.01	6.86	5.79	-11.89
Net Avail. For Common Margin %	5.65	7.01	6.86	5.79	-11.89
Normalized Net Income Margin	3.48	5.93	3.53	3.73	0.61
Levered Free Cash Flow Margin	6.13	1.89	-7.88	-7.56	3.05
Unlevered Free Cash Flow Margin	6.37	2.06	-7.79	-7.39	3.28
Asset Turnover
Asset Turnover	0.67	0.51	0.29	0.3	0.27
Fixed Assets Turnover	11.76	13.47	7.89	6.45	5.31
Receivables Turnover (Average Receivables)	4.3	3.28	1.71	1.4	1.16
Inventory Turnover (Average Inventory)	5.64	4.96	2.9	2.65	2.41
Short Term Liquidity
Current Ratio	2.07	3.07	2.33	2.42	2.78
Quick Ratio	1.47	2.75	2.04	2.11	2.45
Operating Cash Flow to Current Liabilities	0.35	0.12	0.09	-0.14	0.32
Days Sales Outstanding (Average Receivables)	84.83	111.57	212.91	261.19	313.97
Days Outstanding Inventory (Average Inventory)	64.68	73.84	125.77	137.99	151.25
Average Days Payable Outstanding	34.67	83.62	202.67	231.6	290.95