Income Statement Wuhan Guide Infrared Co., Ltd.

Equities

002414

CNE100000RK8

Industrial Machinery & Equipment

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
5.950 ^CNY	-2.14%		-0.83%	-18.49%

Aug. 27	Wuhan Guide Infrared H1 Profit Falls 91%, Operating Income Up 9%	MT
Aug. 26	Wuhan Guide Infrared Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: WUHAN GUIDE INFRARED CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.61B	3.31B	3.42B	2.49B	2.37B
Other Revenues, Total	27.01M	20.28M	81.75M	40.12M	49.04M
Total Revenues	1.64B	3.33B	3.5B	2.53B	2.42B
Cost of Goods Sold, Total	886M	1.38B	1.62B	1.39B	1.46B
Gross Profit	752M	1.96B	1.88B	1.13B	953M
Selling General & Admin Expenses, Total	304M	269M	286M	293M	353M
Provision for Bad Debts	-6.19M	98.97M	86.94M	-8.46M	-23.87M
R&D Expenses	258M	455M	371M	413M	542M
Other Operating Expenses	11.95M	26.7M	23.35M	18.88M	23.29M
Other Operating Expenses, Total	568M	850M	767M	716M	895M
Operating Income	184M	1.11B	1.12B	418M	57.54M
Interest Expense, Total	-10.44M	-7.84M	-9.77M	-9.59M	-9.57M
Interest And Investment Income	9.02M	16.77M	37.44M	64.65M	57.95M
Net Interest Expenses	-1.42M	8.94M	27.67M	55.06M	48.38M
Currency Exchange Gains (Loss)	-7.74M	-1.03M	-11.75M	9.23M	1.17M
Other Non Operating Income (Expenses)	-1.08M	-627K	-708K	-913K	-452K
EBT, Excl. Unusual Items	174M	1.12B	1.13B	482M	107M
Impairment of Goodwill	-	-	-	-	-47.39M
Gain (Loss) On Sale Of Investments	-	-	-	-	-342K
Gain (Loss) On Sale Of Assets	1.97M	49.21K	3.42M	2.83K	2.15K
Asset Writedown	-379K	-70.07M	-1.64M	-1.14M	-1.69M
Insurance Settlements	-	73.13K	256K	-	-
Other Unusual Items	31.86M	11.8M	24.7M	91.64M	64.31M
EBT, Incl. Unusual Items	207M	1.06B	1.16B	572M	122M
Income Tax Expense	-13.44M	56.63M	45.49M	69.07M	52.75M
Earnings From Continuing Operations	221M	1B	1.11B	503M	68.78M
Net Income to Company	221M	1B	1.11B	503M	68.78M
Minority Interest	-	-	-832K	-1.28M	-1.08M
Net Income - (IS)	221M	1B	1.11B	502M	67.7M
Net Income to Common Incl Extra Items	221M	1B	1.11B	502M	67.7M
Net Income to Common Excl. Extra Items	221M	1B	1.11B	502M	67.7M
Per Share Items
Net EPS - Basic	0.05	0.25	0.26	0.12	0.02
Basic EPS - Continuing Operations	0.05	0.25	0.26	0.12	0.02
Basic Weighted Average Shares Outstanding	4.06B	4.06B	4.22B	4.26B	4.26B
Net EPS - Diluted	0.05	0.25	0.26	0.12	0.02
Diluted EPS - Continuing Operations	0.05	0.25	0.26	0.12	0.02
Diluted Weighted Average Shares Outstanding	4.06B	4.06B	4.22B	4.26B	4.26B
Normalized Basic EPS	0.03	0.17	0.17	0.07	0.02
Normalized Diluted EPS	0.03	0.17	0.17	0.07	0.02
Dividend Per Share	0.05	0.1	0.19	0.1	0.01
Payout Ratio	13.36	18.71	38.51	164.86	644.02
Supplemental Items
EBITDA	284M	1.22B	1.24B	557M	240M
EBITA	214M	1.14B	1.15B	445M	94.95M
EBIT	184M	1.11B	1.12B	418M	57.54M
EBITDAR	290M	-	1.25B	563M	248M
Total Revenues (As Reported)	1.64B	3.33B	3.5B	2.53B	2.42B
Effective Tax Rate - (Ratio)	-6.48	5.35	3.93	12.07	43.4
Total Current Taxes	7.2M	80.23M	78.69M	68.98M	77.23M
Total Deferred Taxes	-20.64M	-23.6M	-33.2M	95.02K	-24.49M
Normalized Net Income	109M	697M	706M	300M	65.56M
Interest Capitalized	-	-	-	-	956K
Interest on Long-Term Debt	-	-	-	-	2.36M
Supplemental Operating Expense Items
Advertising Expense	7.61M	7.01M	8.78M	9.62M	15.94M
Selling and Marketing Expenses	81.21M	97.52M	73.1M	87.78M	95.17M
General and Administrative Expenses	223M	171M	212M	205M	257M
Research And Development Expense From Footnotes	258M	455M	371M	413M	542M
Net Rental Expense, Total	5.58M	-	6.35M	6.46M	7.85M
Imputed Operating Lease Interest Expense	1.31M	-	1.09M	1.58M	1.07M
Imputed Operating Lease Depreciation	4.27M	-	5.27M	4.87M	6.78M
Maintenance & Repair Expenses, Total	2.94M	15.09M	14.11M	8.4M	3.23M
Stock-Based Comp., COGS (Total)	-	-	-	-	8.62M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	25.36M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	-	1.82M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	34.14M
Stock-Based Comp., Other (Total)	-	-	-	6.14M	-
Total Stock-Based Compensation	-	-	-	6.14M	69.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	598M	959M	2.49B	2.24B	1.49B
Trading Asset Securities, Total	90M	70M	370M	-	-
Total Cash And Short Term Investments	688M	1.03B	2.86B	2.24B	1.49B
Accounts Receivable, Total	928M	1.73B	2.09B	1.96B	1.63B
Other Receivables	25.32M	2.38M	1.19M	2.64M	4.24M
Total Receivables	953M	1.73B	2.09B	1.97B	1.63B
Inventory	731M	1.45B	1.66B	1.69B	1.89B
Prepaid Expenses	119K	-	-	-	-
Other Current Assets, Total	160M	302M	226M	320M	357M
Total Current Assets	2.53B	4.5B	6.83B	6.21B	5.36B
Gross Property Plant And Equipment	1.2B	1.31B	1.76B	2.19B	2.88B
Accumulated Depreciation	-383M	-460M	-529M	-645M	-796M
Net Property Plant And Equipment	814M	853M	1.23B	1.54B	2.09B
Long-term Investments	25.09M	30.09M	154M	38.16M	34.36M
Goodwill	278M	278M	278M	278M	231M
Other Intangibles, Total	368M	449M	412M	415M	385M
Deferred Tax Assets Long-Term	81.95M	105M	137M	137M	170M
Deferred Charges Long-Term	166M	15.36M	17.13M	69.04M	151M
Other Long-Term Assets, Total	66.14M	105M	197M	194M	200M
Total Assets	4.33B	6.34B	9.26B	8.89B	8.62B
Liabilities
Accounts Payable, Total	331M	576M	528M	423M	535M
Accrued Expenses, Total	103M	87.07M	118M	109M	106M
Short-term Borrowings	150M	810M	-	530M	500M
Current Portion of Leases	-	-	8.11M	8.39M	10.66M
Current Income Taxes Payable	2.86M	8.53M	36.71M	-	8.1M
Unearned Revenue Current, Total	2.49M	232M	662M	423M	306M
Other Current Liabilities	47.16M	25.75M	99.9M	42.11M	33.98M
Total Current Liabilities	636M	1.74B	1.45B	1.54B	1.5B
Long-Term Debt	-	50M	-	-	102M
Long-Term Leases	-	-	43.15M	35.85M	48.82M
Unearned Revenue Non Current	107M	136M	127M	148M	164M
Deferred Tax Liability Non Current	13.16M	12.45M	15.15M	12.56M	21.05M
Other Non Current Liabilities	43.27M	47.79M	27.12M	31.76M	2.16M
Total Liabilities	799M	1.99B	1.67B	1.76B	1.84B
Preferred Stock Non Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	936M	1.59B	2.35B	3.29B	4.27B
Additional Paid In Capital	1.76B	1.1B	2.82B	1.74B	824M
Retained Earnings	829M	1.64B	2.33B	2.01B	1.65B
Comprehensive Income and Other	12.3M	17.92M	40.84M	33.42M	35.7M
Total Common Equity	3.53B	4.35B	7.54B	7.07B	6.79B
Minority Interest	-	-	49.83M	51.12M	-
Total Equity	3.53B	4.35B	7.59B	7.12B	6.79B
Total Liabilities And Equity	4.33B	6.34B	9.26B	8.89B	8.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.06B	4.06B	4.27B	4.27B	4.27B
ECS Total Common Shares Outstanding	4.06B	4.06B	4.27B	4.27B	4.27B
Book Value / Share	0.87	1.07	1.77	1.66	1.59
Tangible Book Value	2.89B	3.63B	6.85B	6.38B	6.17B
Tangible Book Value Per Share	0.71	0.89	1.61	1.49	1.44
Total Debt	150M	860M	51.26M	574M	662M
Net Debt	-538M	-169M	-2.8B	-1.67B	-826M
Debt Equivalent Oper. Leases	44.65M	-	50.84M	51.64M	62.82M
Minority Interest, Total (Incl. Fin. Div)	-	-	49.83M	51.12M	-
Equity Method Investments, Total	-	-	-	3.8M	-
Account Code - Inventory Valuation	5	5	5	3	3
Inventories - Raw Materials, Total	351M	735M	923M	932M	1.39B
Inventories - Work In Process, Total	266M	338M	358M	400M	350M
Inventories - Finished Goods, Total	219M	544M	599M	601M	447M
Inventories - Others	5.21M	6.82M	9.66M	11.12M	-
Buildings, Total	475M	580M	581M	660M	817M
Machinery, Total	604M	664M	894M	1.08B	1.43B
Full Time Employees	2.96K	3.54K	3.83K	4.22K	5.01K
Accumulated Allowance for Doubtful Accounts (Supple)	151M	259M	358M	326M	290M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	221M	1B	1.11B	502M	67.7M
Depreciation & Amortization - CF	70.6M	81.1M	101M	121M	157M
Amortization of Goodwill and Intangible Assets - (CF)	29.63M	31.82M	36.54M	26.21M	37.41M
Depreciation & Amortization, Total	100M	113M	138M	148M	194M
Amortization of Deferred Charges, Total - (CF)	5.47M	5.57M	5.77M	17.97M	10.45M
(Gain) Loss From Sale Of Asset	-1.93M	-49.21K	-3.15M	-2.83K	-2.15K
(Gain) Loss on Sale of Investments - (CF)	-3.87M	-9.24M	-11.27M	-4.44M	342K
Asset Writedown & Restructuring Costs	379K	857K	1.37M	1.14M	49.08M
Provision and Write-off of Bad Debts	-6.19M	99.27M	86.94M	-8.46M	-23.87M
Other Operating Activities, Total	49.58M	91.67M	103M	22.61M	95.59M
Change In Accounts Receivable	-56.57M	-1.76B	-365M	-188M	-370M
Change In Inventories	-46.87M	-783M	-265M	-54.85M	-244M
Change In Accounts Payable	87.39M	1.24B	436M	-208M	549M
Change In Deferred Taxes	-20.64M	-23.6M	-33.2M	1.06M	-24.49M
Change in Other Net Operating Assets	2.39M	5M	3.51M	8.16M	4.68M
Cash from Operations	330M	-27.36M	1.21B	236M	309M
Capital Expenditure	-163M	-256M	-513M	-507M	-627M
Sale of Property, Plant, and Equipment	52.55M	129K	13.11M	154K	532K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-86.13M	24.29M	-389M	470M	3.36M
Other Investing Activities, Total	7.59M	7.2M	7.27M	11.86M	7.37M
Cash from Investing	-189M	-225M	-882M	-24.7M	-616M
Short Term Debt Issued, Total	150M	-	-	730M	-
Long-Term Debt Issued, Total	-	860M	250M	-	602M
Total Debt Issued	150M	860M	250M	730M	602M
Short Term Debt Repaid, Total	-510M	-	-	-200M	-
Long-Term Debt Repaid, Total	-	-50M	-1.14B	-9.79M	-543M
Total Debt Repaid	-510M	-50M	-1.14B	-210M	-543M
Issuance of Common Stock	-	-	2.48B	151M	-
Common Dividends Paid	-29.47M	-187M	-428M	-828M	-436M
Common & Preferred Stock Dividends Paid	-29.47M	-187M	-428M	-828M	-436M
Other Financing Activities, Total	-50M	-12M	49M	-301M	-74.19M
Cash from Financing	-439M	611M	1.21B	-458M	-451M
Foreign Exchange Rate Adjustments	3.34M	-1.12M	-7.04M	2.37M	1.73M
Net Change in Cash	-296M	357M	1.53B	-244M	-756M
Supplemental Items
Cash Interest Paid	-	7.84M	-	-	-
Cash Income Tax Paid (Refund)	51.06M	195M	142M	138M	141M
Levered Free Cash Flow	89.72M	-640M	337M	-526M	-234M
Unlevered Free Cash Flow	96.25M	-635M	344M	-520M	-228M
Change In Net Working Capital	-38.94M	1.19B	-16.2M	447M	-88.46M
Net Debt Issued / Repaid	-360M	810M	-889M	520M	59.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.63	12.98	8.94	2.88	0.41
Return on Total Capital	3.02	15.57	10.84	3.41	0.47
Return On Equity %	6.39	25.38	18.61	6.84	0.99
Return on Common Equity	6.43	25.38	18.68	6.87	0.98
Margin Analysis
Gross Profit Margin %	45.89	58.75	53.78	44.88	39.44
SG&A Margin	18.58	8.07	8.16	11.58	14.63
EBITDA Margin %	17.35	36.64	35.53	22.01	9.94
EBITA Margin %	13.04	34.2	32.91	17.58	3.93
EBIT Margin %	11.23	33.25	31.87	16.55	2.38
Income From Continuing Operations Margin %	13.47	30.02	31.77	19.9	2.85