Cash flow Venustech Group Inc.

Equities

002439

CNE100000QJ2

Internet Services

End-of-day quote Shenzhen S.E. Other stock markets 2025-01-20			5-day change	1st Jan Change
14.60 ^CNY	+0.14%		+4.29%	-7.71%

02:08am	Citi Downgrades Venustech Group to Sell from Buy; Price Target is 9 Yuan	MT
Jan. 09	Venustech Taps China Mobile's Unit As Financial Services Provider	MT

2de7.w3ReMR_fqA_b9O8U-GyQF7HXyXLlAGWEe4-syj2aUa8.8TIPWVC4-T-QmKN3qzvUVujiikCtRgz1H9vJnHrMOuuEHwQIRYiFRI6MmA

Published financial data: VENUSTECH GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.07B	3.63B	4.36B	4.41B	4.48B
Other Revenues, Total	20.43M	18.43M	27.21M	26.31M	29.82M
Total Revenues	3.09B	3.65B	4.39B	4.44B	4.51B
Cost of Goods Sold, Total	1.08B	1.32B	1.51B	1.68B	1.9B
Gross Profit	2.01B	2.32B	2.88B	2.76B	2.61B
Selling General & Admin Expenses, Total	861M	957M	1.32B	1.37B	1.22B
Provision for Bad Debts	53.27M	83.41M	67.4M	99.41M	271M
R&D Expenses	590M	643M	846M	939M	815M
Other Operating Expenses	-112M	-131M	-147M	-146M	-117M
Other Operating Expenses, Total	1.39B	1.55B	2.08B	2.26B	2.19B
Operating Income	620M	770M	793M	499M	417M
Interest Expense, Total	-33.71M	-7.8M	-4.17M	-2.56M	-4.35M
Interest And Investment Income	30.96M	53.62M	64.92M	95.91M	241M
Net Interest Expenses	-2.75M	45.82M	60.74M	93.34M	237M
Currency Exchange Gains (Loss)	17.42K	-1.34M	-1.31M	1.15M	-157K
Other Non Operating Income (Expenses)	-1.24M	-1.23M	101K	944K	-810K
EBT, Excl. Unusual Items	616M	813M	853M	595M	653M
Impairment of Goodwill	-1.26M	-	-	-	-
Gain (Loss) On Sale Of Investments	84.59M	49.06M	50.92M	20.14M	81.35M
Gain (Loss) On Sale Of Assets	-	1.16M	-3.1M	69.53K	33.2K
Asset Writedown	-1.68M	-834K	-403K	-1.55M	-656K
Other Unusual Items	39.64M	38.3M	38.19M	32.05M	28.46M
EBT, Incl. Unusual Items	738M	901M	938M	645M	762M
Income Tax Expense	55.71M	90.55M	75.45M	18.63M	22.64M
Earnings From Continuing Operations	682M	810M	863M	627M	740M
Net Income to Company	682M	810M	863M	627M	740M
Minority Interest	6.41M	-5.94M	-1.22M	-572K	1.6M
Net Income - (IS)	688M	804M	862M	626M	741M
Net Income to Common Incl Extra Items	688M	804M	862M	626M	741M
Net Income to Common Excl. Extra Items	688M	804M	862M	626M	741M
Per Share Items
Net EPS - Basic	0.77	0.87	0.93	0.67	0.79
Basic EPS - Continuing Operations	0.77	0.87	0.93	0.67	0.79
Basic Weighted Average Shares Outstanding	894M	924M	926M	934M	938M
Net EPS - Diluted	0.77	0.87	0.92	0.67	0.79
Diluted EPS - Continuing Operations	0.77	0.87	0.92	0.67	0.79
Diluted Weighted Average Shares Outstanding	894M	924M	936M	934M	938M
Normalized Basic EPS	0.44	0.54	0.57	0.4	0.44
Normalized Diluted EPS	0.44	0.54	0.57	0.4	0.44
Dividend Per Share	0.02	0.05	0.02	0.2	0.27
Payout Ratio	5.19	2.89	5.53	3.8	25.47
Supplemental Items
EBITDA	674M	813M	848M	645M	486M
EBITA	639M	778M	801M	587M	422M
EBIT	620M	770M	793M	499M	417M
EBITDAR	675M	814M	848M	-	-
Total Revenues (As Reported)	3.09B	3.65B	4.39B	4.44B	4.51B
Effective Tax Rate - (Ratio)	7.55	10.06	8.04	2.89	2.97
Current Domestic Taxes	74.47M	105M	111M	45.4M	74.23M
Total Current Taxes	74.47M	105M	111M	45.4M	74.23M
Deferred Domestic Taxes	-18.76M	-14.25M	-35.92M	-26.77M	-51.59M
Total Deferred Taxes	-18.76M	-14.25M	-35.92M	-26.77M	-51.59M
Normalized Net Income	392M	502M	532M	371M	410M
Interest on Long-Term Debt	34.18M	-	-	-	-
Non-Cash Pension Expense	3.8M	3.42M	3.91M	9.51M	19.84M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	697M	796M	1.1B	1.16B	1.03B
General and Administrative Expenses	164M	162M	215M	209M	193M
Research And Development Expense From Footnotes	590M	643M	846M	939M	815M
Net Rental Expense, Total	342K	342K	57.03K	-	-
Stock-Based Comp., R&D Exp. (Total)	-	5.05M	23.79M	22.32M	-
Stock-Based Comp., S&M Exp. (Total)	-	10.57M	49.83M	38.88M	8M
Stock-Based Comp., G&A Exp. (Total)	-	674K	3.18M	3.91M	-
Total Stock-Based Compensation	-	16.29M	76.79M	65.11M	8M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.63B	1.47B	1.35B	1.34B	4.95B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	953M	1.55B	1.4B	1.45B	1.13B
Total Cash And Short Term Investments	2.58B	3.02B	2.76B	2.79B	6.08B
Accounts Receivable, Total	2.16B	2.82B	3.14B	3.96B	5.13B
Other Receivables	115M	133M	112M	93.69M	80.7M
Total Receivables	2.27B	2.95B	3.25B	4.06B	5.21B
Inventory	245M	372M	474M	448M	485M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	32.17M	51.19M	82.93M	44.61M	42.33M
Total Current Assets	5.13B	6.4B	6.57B	7.34B	11.81B
Gross Property Plant And Equipment	459M	622M	881M	1.01B	1.01B
Accumulated Depreciation	-180M	-199M	-260M	-302M	-340M
Net Property Plant And Equipment	279M	423M	621M	708M	670M
Long-term Investments	187M	249M	259M	332M	510M
Goodwill	704M	704M	704M	704M	704M
Other Intangibles, Total	213M	219M	223M	226M	265M
Accounts Receivable Long-Term	-	-	-	73.21M	166M
Deferred Tax Assets Long-Term	102M	127M	170M	200M	303M
Deferred Charges Long-Term	3.84M	3.81M	16.54M	29.64M	30.46M
Other Long-Term Assets, Total	277M	244M	375M	388M	402M
Total Assets	6.9B	8.37B	8.94B	10B	14.86B
Liabilities
Accounts Payable, Total	725M	1.13B	885M	1.16B	1.43B
Accrued Expenses, Total	475M	618M	660M	625M	541M
Short-term Borrowings	1M	-	-	-	-
Current Portion of Long-Term Debt	-	-	140K	-	-
Current Portion of Leases	-	-	-	-	21.04M
Current Income Taxes Payable	87.56M	127M	150M	90.14M	111M
Unearned Revenue Current, Total	8.49M	242M	266M	190M	251M
Other Current Liabilities	324M	169M	92.66M	387M	283M
Total Current Liabilities	1.62B	2.28B	2.05B	2.46B	2.64B
Long-Term Debt	850M	-	1.26M	-	-
Long-Term Leases	-	-	50.26M	39.8M	23.91M
Unearned Revenue Non Current	32.55M	49.83M	43.87M	44.91M	44.78M
Deferred Tax Liability Non Current	25.66M	35.94M	43.02M	46.16M	96.7M
Other Non Current Liabilities	-	-	5.54M	5.8M	53.07M
Total Liabilities	2.53B	2.37B	2.2B	2.59B	2.86B
Common Stock, Total	897M	934M	934M	953M	1.23B
Additional Paid In Capital	889M	1.94B	2.02B	2.23B	5.84B
Retained Earnings	2.46B	3.22B	4.03B	4.64B	5.19B
Treasury Stock	-100M	-100M	-250M	-417M	-243M
Comprehensive Income and Other	219M	-10.59M	-14.1M	-11.36M	-17.13M
Total Common Equity	4.36B	5.98B	6.72B	7.39B	12B
Minority Interest	4.47M	14.11M	16.13M	18.7M	14M
Total Equity	4.37B	6B	6.74B	7.41B	12.01B
Total Liabilities And Equity	6.9B	8.37B	8.94B	10B	14.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	897M	929M	877M	965M	967M
ECS Total Common Shares Outstanding	897M	929M	877M	965M	967M
Book Value / Share	4.87	6.44	7.66	7.66	12.4
Tangible Book Value	3.45B	5.06B	5.79B	6.46B	11.03B
Tangible Book Value Per Share	3.84	5.45	6.6	6.7	11.4
Total Debt	851M	0	51.66M	39.8M	44.94M
Net Debt	-1.73B	-3.02B	-2.71B	-2.75B	-6.03B
Debt Equivalent Oper. Leases	2.74M	2.74M	456K	-	-
Minority Interest, Total (Incl. Fin. Div)	4.47M	14.11M	16.13M	18.7M	14M
Equity Method Investments, Total	157M	221M	231M	222M	412M
Account Code - Inventory Valuation	6	6	6	6	8
Inventories - Raw Materials, Total	90.75M	152M	201M	148M	139M
Inventories - Work In Process, Total	68.33M	128M	159M	244M	289M
Inventories - Finished Goods, Total	147M	158M	195M	153M	148M
Buildings, Total	271M	284M	548M	652M	585M
Machinery, Total	187M	206M	257M	275M	294M
Full Time Employees	4.61K	5.38K	6.59K	6.9K	6.5K
Accumulated Allowance for Doubtful Accounts (Supple)	242M	312M	368M	446M	699M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	688M	804M	862M	626M	741M
Depreciation & Amortization - CF	35.38M	35.74M	76.19M	84.43M	90.59M
Amortization of Goodwill and Intangible Assets - (CF)	18.77M	7.97M	7.61M	87.79M	4.49M
Depreciation & Amortization, Total	54.15M	43.7M	83.79M	172M	95.09M
Amortization of Deferred Charges, Total - (CF)	72.61M	75.1M	88.8M	27.12M	113M
(Gain) Loss From Sale Of Asset	1.68M	-1.16M	3.1M	-69.53K	-33.2K
(Gain) Loss on Sale of Investments - (CF)	-105M	-91.24M	-46.01M	-87.51M	-218M
Asset Writedown & Restructuring Costs	1.26M	834K	403K	1.55M	656K
Provision and Write-off of Bad Debts	53.27M	83.41M	67.4M	98.12M	272M
Other Operating Activities, Total	43.44M	16.96M	-30.85M	2.58M	-98.65M
Change In Accounts Receivable	-602M	-797M	-390M	-978M	-1.45B
Change In Inventories	-96.91M	-132M	-128M	-8.85M	-44.65M
Change In Accounts Payable	405M	670M	-157M	163M	250M
Change In Deferred Taxes	-18.76M	-14.25M	-35.15M	-27.14M	-51.22M
Cash from Operations	497M	658M	318M	-11.05M	-393M
Capital Expenditure	-168M	-230M	-460M	-237M	-159M
Sale of Property, Plant, and Equipment	225K	2.46M	12.61M	41.05K	489K
Cash Acquisitions	-	-	46.75K	-	-
Divestitures	-	-	-	4.89M	-
Investment in Marketable and Equity Securities, Total	-205M	-667M	307M	-53.71M	395M
Other Investing Activities, Total	21.59M	36.82M	30.65M	33.21M	48.11M
Cash from Investing	-351M	-857M	-110M	-252M	285M
Short Term Debt Issued, Total	1M	-	-	-	-
Long-Term Debt Issued, Total	-	-	1.4M	3.91M	5K
Total Debt Issued	1M	-	1.4M	3.91M	5K
Short Term Debt Repaid, Total	-	-2.33M	-	-	-
Long-Term Debt Repaid, Total	-	-	-34.9M	-29.82M	-30.36M
Total Debt Repaid	-	-2.33M	-34.9M	-29.82M	-30.36M
Issuance of Common Stock	1.04B	-	-	297M	4.05B
Repurchase of Common Stock	-	-	-150M	-	-109M
Common Dividends Paid	-35.73M	-23.25M	-47.64M	-23.77M	-189M
Common & Preferred Stock Dividends Paid	-35.73M	-23.25M	-47.64M	-23.77M	-189M
Other Financing Activities, Total	-129M	5.58M	2.22M	5.12M	671K
Cash from Financing	871M	-20.01M	-229M	253M	3.72B
Foreign Exchange Rate Adjustments	-427K	-1.32M	-575K	3.58M	769K
Net Change in Cash	1.02B	-221M	-21.17M	-6.7M	3.61B
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	163M	150M	213M	236M	171M
Levered Free Cash Flow	479M	216M	-379M	1.22M	-711M
Unlevered Free Cash Flow	500M	221M	-376M	2.82M	-708M
Change In Net Working Capital	-153M	166M	661M	337M	1.03B
Net Debt Issued / Repaid	1M	-2.33M	-33.5M	-25.92M	-30.35M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.57	6.3	5.73	3.29	2.1
Return on Total Capital	8.77	8.58	7.75	4.38	2.68
Return On Equity %	17.07	15.63	13.55	8.86	7.62
Return on Common Equity	17.31	15.54	13.56	8.87	7.65
Margin Analysis
Gross Profit Margin %	65.17	63.69	65.58	62.23	57.92
SG&A Margin	27.88	26.25	30.04	30.89	27.17
EBITDA Margin %	21.83	22.3	19.33	14.54	10.79
EBITA Margin %	20.68	21.32	18.26	13.23	9.36
EBIT Margin %	20.08	21.1	18.08	11.25	9.26
Income From Continuing Operations Margin %	22.07	22.21	19.67	14.12	16.41
Net Income Margin %	22.28	22.05	19.64	14.11	16.44
Net Avail. For Common Margin %	22.28	22.05	19.64	14.11	16.44
Normalized Net Income Margin	12.67	13.77	12.12	8.36	9.09
Levered Free Cash Flow Margin	15.49	5.92	-8.64	0.03	-15.77
Unlevered Free Cash Flow Margin	16.18	6.06	-8.58	0.06	-15.71
Asset Turnover
Asset Turnover	0.52	0.48	0.51	0.47	0.36
Fixed Assets Turnover	11.7	10.39	8.4	6.68	6.54
Receivables Turnover (Average Receivables)	1.62	1.46	1.46	1.24	0.99
Inventory Turnover (Average Inventory)	5.19	4.29	3.57	3.64	4.07
Short Term Liquidity
Current Ratio	3.17	2.8	3.2	2.99	4.48
Quick Ratio	3	2.62	2.93	2.79	4.28
Operating Cash Flow to Current Liabilities	0.31	0.29	0.15	-0	-0.15
Days Sales Outstanding (Average Receivables)	225.44	250.96	249.54	293.84	370.44
Days Outstanding Inventory (Average Inventory)	70.36	85.24	102.33	100.4	89.77
Average Days Payable Outstanding	206.69	233.3	227.79	226.58	244.51
Cash Conversion Cycle (Average Days)	89.12	102.91	124.08	167.66	215.7
Long Term Solvency
Total Debt/Equity	19.48	-	0.77	0.54	0.37
Total Debt / Total Capital	16.31	-	0.76	0.53	0.37
LT Debt/Equity