Balance Sheet WuHu Foresight Technology Co.,Ltd.

Equities

301529

CNE1000068N0

Auto Vehicles, Parts & Service Retailers

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-12			5-day change	1st Jan Change
30.96 ^CNY	+0.72%		-1.34%	-22.31%

Aug. 28	WuHu Foresight Technology Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
May. 20	Wuhu Foresight Technology Co.,Ltd. Announces 2023 Final Distribution on A Shares, Payment Date Is 27 May 2024	CI

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Published financial data: WUHU FORESIGHT TECHNOLOGY CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	379M	416M	534M	621M	878M
Other Revenues, Total	48.31M	48.32M	64.97M	72.81M	72.26M
Total Revenues	427M	464M	599M	693M	950M
Cost of Goods Sold, Total	292M	319M	420M	491M	708M
Gross Profit	136M	145M	179M	202M	243M
Selling General & Admin Expenses, Total	51.69M	46.49M	61.73M	70.43M	103M
Provision for Bad Debts	463K	2.18M	1.57M	816K	9.75M
R&D Expenses	24.67M	27.01M	35.46M	39.83M	58.11M
Other Operating Expenses	2.31M	3.02M	3.79M	4.21M	1.91M
Other Operating Expenses, Total	79.14M	78.71M	103M	115M	173M
Operating Income	56.65M	66.41M	76.62M	87.14M	69.34M
Interest Expense, Total	-1.9M	-1.64M	-2.42M	-4.01M	-3.68M
Interest And Investment Income	139K	1.5M	1.43M	1.5M	2.6M
Net Interest Expenses	-1.76M	-138K	-992K	-2.51M	-1.08M
Currency Exchange Gains (Loss)	1.53M	-311K	-958K	5.25M	14.44M
Other Non Operating Income (Expenses)	-1.41M	-532K	-1.01M	808K	-890K
EBT, Excl. Unusual Items	55.01M	65.43M	73.66M	90.69M	81.81M
Gain (Loss) On Sale Of Investments	-361K	458K	272K	457K	1.75M
Gain (Loss) On Sale Of Assets	-655K	-54.54K	75.92K	60.15K	36.95K
Asset Writedown	-246K	-184K	-68.89K	-1.24M	-37.21K
Other Unusual Items	2.58M	4.13M	13.27M	10.13M	7.59M
EBT, Incl. Unusual Items	56.33M	69.78M	87.21M	100M	91.16M
Income Tax Expense	8.11M	7.95M	11.87M	12.08M	9.53M
Earnings From Continuing Operations	48.21M	61.83M	75.34M	88.02M	81.62M
Net Income to Company	48.21M	61.83M	75.34M	88.02M	81.62M
Minority Interest	707K	1.41M	2.42M	2.75M	2.53M
Net Income - (IS)	48.92M	63.24M	77.76M	90.77M	84.15M
Net Income to Common Incl Extra Items	48.92M	63.24M	77.76M	90.77M	84.15M
Net Income to Common Excl. Extra Items	48.92M	63.24M	77.76M	90.77M	84.15M
Per Share Items
Net EPS - Basic	0.86	0.99	1.22	1.43	1.22
Basic EPS - Continuing Operations	0.86	0.99	1.22	1.43	1.22
Basic Weighted Average Shares Outstanding	56.88M	63.87M	63.74M	63.47M	68.97M
Net EPS - Diluted	0.86	0.99	1.22	1.43	1.22
Diluted EPS - Continuing Operations	0.86	0.99	1.22	1.43	1.22
Diluted Weighted Average Shares Outstanding	56.88M	63.87M	63.74M	63.47M	68.97M
Normalized Basic EPS	0.62	0.66	0.76	0.94	0.78
Normalized Diluted EPS	0.62	0.66	0.76	0.94	0.78
Dividend Per Share	-	-	0.16	-	0.3
Payout Ratio	10.02	27.92	20.69	14.03	6.01
Supplemental Items
EBITDA	76.06M	91.39M	106M	119M	116M
EBITA	56.86M	67.12M	76.62M	87.37M	69.64M
EBIT	56.65M	66.41M	76.62M	87.14M	69.34M
EBITDAR	-	-	110M	123M	118M
Total Revenues (As Reported)	427M	464M	599M	693M	950M
Effective Tax Rate - (Ratio)	14.4	11.39	13.61	12.06	10.46
Total Current Taxes	-	-	9.58M	12.05M	4.4M
Total Deferred Taxes	-	-	2.29M	22.72K	5.13M
Normalized Net Income	35.09M	42.3M	48.46M	59.43M	53.66M
Interest Capitalized	-	-	-	-	1.23M
Interest on Long-Term Debt	-	-	1.34M	1.68M	3.03M
Supplemental Operating Expense Items
Selling and Marketing Expenses	15.83M	4.92M	8M	9.5M	9.88M
General and Administrative Expenses	35.86M	41.57M	52.57M	57.02M	93.42M
Research And Development Expense From Footnotes	24.67M	27.01M	35.46M	39.83M	58.11M
Net Rental Expense, Total	-	-	3.37M	4.14M	1.78M
Imputed Operating Lease Interest Expense	-	-	1.14M	1.15M	709K
Imputed Operating Lease Depreciation	-	-	2.23M	2.99M	1.07M
Maintenance & Repair Expenses, Total	647K	918K	1.89M	1.13M	3.24M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	98.42M	54.43M	50.18M	79.19M	215M
Short Term Investments	-	-	-	-	60.17M
Trading Asset Securities, Total	5.04M	51.75M	36.5M	38.32M	313M
Total Cash And Short Term Investments	103M	106M	86.68M	118M	588M
Accounts Receivable, Total	210M	245M	294M	313M	472M
Other Receivables	6.89M	4.93M	2.89M	3.71M	3.01M
Total Receivables	217M	249M	297M	317M	475M
Inventory	60.57M	72.78M	108M	123M	178M
Other Current Assets, Total	4.95M	6.35M	10.4M	21.91M	18.99M
Total Current Assets	386M	435M	503M	580M	1.26B
Gross Property Plant And Equipment	-	-	270M	409M	614M
Accumulated Depreciation	-	-	-76.37M	-112M	-167M
Net Property Plant And Equipment	106M	125M	194M	296M	447M
Long-term Investments	-	-	-	-	65.5M
Other Intangibles, Total	941K	1.5M	1.57M	16.63M	24.57M
Deferred Tax Assets Long-Term	3.31M	3.21M	4.08M	4.24M	782K
Deferred Charges Long-Term	408K	2.65M	7.64M	11.37M	36.11M
Other Long-Term Assets, Total	1.25M	1.43M	6.29M	17.66M	-
Total Assets	498M	569M	716M	926M	1.83B
Liabilities
Accounts Payable, Total	130M	153M	184M	219M	425M
Accrued Expenses, Total	23.12M	28.17M	42.1M	51.82M	44.69M
Short-term Borrowings	30.05M	30.04M	33.03M	70.12M	-
Current Portion of Long-Term Debt	964K	350K	-	2.03M	-
Current Portion of Leases	7.37M	1.81M	13.09M	13.79M	12.68M
Current Income Taxes Payable	3.75M	8.1M	6.85M	11.87M	2.57M
Unearned Revenue Current, Total	11.47M	3.85M	5.31M	3.86M	30.83M
Other Current Liabilities	32.97M	24.59M	13.3M	17.57M	20.42M
Total Current Liabilities	240M	250M	298M	390M	536M
Long-Term Debt	350K	-	-	27.38M	-
Long-Term Leases	6.61M	1.11M	35.2M	36.61M	34.45M
Unearned Revenue Non Current	5.89M	7.01M	6.09M	8.26M	17.26M
Deferred Tax Liability Non Current	5.71M	6.7M	9.86M	10.04M	11.72M
Total Liabilities	259M	264M	349M	472M	599M
Common Stock, Total	63.63M	63.63M	63.63M	63.63M	84.84M
Additional Paid In Capital	81.87M	172M	172M	172M	842M
Retained Earnings	91.3M	65.48M	128M	209M	293M
Comprehensive Income and Other	-218K	-1.1M	-2.81M	3.04M	7.77M
Total Common Equity	237M	300M	361M	448M	1.23B
Minority Interest	2.43M	4.14M	5.83M	6.7M	7.7M
Total Equity	239M	304M	367M	454M	1.24B
Total Liabilities And Equity	498M	569M	716M	926M	1.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.88M	63.63M	63.63M	63.63M	84.84M
ECS Total Common Shares Outstanding	56.88M	63.63M	63.63M	63.63M	84.84M
Book Value / Share	4.16	4.71	5.67	7.03	14.47
Tangible Book Value	236M	298M	359M	431M	1.2B
Tangible Book Value Per Share	4.14	4.69	5.65	6.77	14.18
Total Debt	45.34M	33.3M	81.33M	150M	47.13M
Net Debt	-58.12M	-72.88M	-5.35M	32.41M	-541M
Debt Equivalent Oper. Leases	-	-	26.97M	33.14M	14.24M
Minority Interest, Total (Incl. Fin. Div)	2.43M	4.14M	5.83M	6.7M	7.7M
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	14.96M	23.4M	32.06M	30.92M	47.97M
Inventories - Work In Process, Total	8.51M	15.6M	13.32M	27.68M	19.52M
Inventories - Finished Goods, Total	41.29M	35.91M	66.36M	70.35M	117M
Inventories - Others	928K	2.35M	3.27M	1.6M	3.72M
Buildings, Total	-	-	-	-	65.05M
Machinery, Total	-	-	178M	218M	409M
Full Time Employees	-	-	-	-	1.67K
Accumulated Allowance for Doubtful Accounts (Supple)	7.74M	9.62M	11.03M	11.84M	21.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	48.92M	63.24M	77.76M	90.77M	84.15M
Depreciation & Amortization - CF	19.2M	24.27M	38.68M	45.93M	62.8M
Amortization of Goodwill and Intangible Assets - (CF)	209K	707K	-	228K	299K
Depreciation & Amortization, Total	19.41M	24.98M	38.68M	46.16M	63.1M
Amortization of Deferred Charges, Total - (CF)	291K	403K	2.31M	4.45M	6.04M
(Gain) Loss From Sale Of Asset	655K	54.5K	-75.92K	-60.15K	-36.95K
(Gain) Loss on Sale of Investments - (CF)	-83.8K	-1.38M	-1.12M	-1.48M	-2.92M
Asset Writedown & Restructuring Costs	5.07M	3.15M	6.33M	1.24M	37.21K
Provision and Write-off of Bad Debts	463K	2.18M	1.57M	816K	9.75M
Other Operating Activities, Total	1.27M	686K	1.77M	908K	-4.71M
Change In Accounts Receivable	-33.61M	-38.08M	-55.9M	-23.3M	-189M
Change In Inventories	-14.54M	-14.48M	-41.97M	-20.52M	-63.17M
Change In Accounts Payable	38.17M	35.09M	33.48M	50.65M	219M
Change In Deferred Taxes	3.45M	1.08M	2.29M	22.72K	5.13M
Change in Other Net Operating Assets	-1.06M	-1.84M	-10.78M	-3.64M	-7.75M
Cash from Operations	68.4M	75.08M	54.35M	146M	120M
Capital Expenditure	-41.02M	-48.24M	-60.49M	-165M	-187M
Sale of Property, Plant, and Equipment	-	-	131K	60.15K	36.95K
Divestitures	-	1.6M	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-3.71M	-	-
Investment in Marketable and Equity Securities, Total	13M	-46.25M	14.87M	-1.74M	-398M
Other Investing Activities, Total	347K	920K	5.21M	3.1M	1.07M
Cash from Investing	-27.66M	-91.97M	-44M	-164M	-584M
Long-Term Debt Issued, Total	38.81M	35M	33M	99.38M	96.47M
Total Debt Issued	38.81M	35M	33M	99.38M	96.47M
Long-Term Debt Repaid, Total	-38.55M	-35.96M	-45.01M	-47.41M	-199M
Total Debt Repaid	-38.55M	-35.96M	-45.01M	-47.41M	-199M
Issuance of Common Stock	50M	-	-	-	715M
Common Dividends Paid	-4.9M	-17.65M	-16.09M	-12.74M	-5.06M
Common & Preferred Stock Dividends Paid	-4.9M	-17.65M	-16.09M	-12.74M	-5.06M
Other Financing Activities, Total	-3.28M	-9M	2.53M	731K	-15.45M
Cash from Financing	42.08M	-27.62M	-25.56M	39.96M	592M
Foreign Exchange Rate Adjustments	366K	-1.32M	176K	3.39M	775K
Net Change in Cash	83.18M	-45.83M	-15.03M	25.37M	128M
Supplemental Items
Cash Income Tax Paid (Refund)	22.2M	24.2M	33.9M	30.36M	43.53M
Levered Free Cash Flow	21.93M	-13.02M	-26.18M	-57.25M	-67.52M
Unlevered Free Cash Flow	23.12M	-11.99M	-24.67M	-54.75M	-65.22M
Change In Net Working Capital	-9.03M	30.65M	53.05M	-5.59M	-9.54M
Net Debt Issued / Repaid	255K	-957K	-12.01M	51.96M	-103M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	8.3	7.79	7.46	6.63	3.14
Return on Total Capital	14.55	13.35	12.19	10.35	4.59
Return On Equity %	24.36	22.77	22.46	21.44	9.66
Return on Common Equity	24.87	23.57	23.53	22.45	10.05
Margin Analysis
Gross Profit Margin %	31.78	31.26	29.9	29.2	25.52
SG&A Margin	12.1	10.02	10.3	10.16	10.88
EBITDA Margin %	17.8	19.69	17.75	17.11	12.22
EBITA Margin %	13.31	14.46	12.79	12.6	7.33
EBIT Margin %	13.26	14.31	12.79	12.57	7.3
Income From Continuing Operations Margin %	11.28	13.32	12.57	12.7	8.59
Net Income Margin %	11.45	13.62	12.98	13.09	8.86
Net Avail. For Common Margin %	11.45	13.62	12.98	13.09	8.86
Normalized Net Income Margin	8.21	9.11	8.09	8.57	5.65
Levered Free Cash Flow Margin	5.13	-2.8	-4.37	-8.26	-7.11
Unlevered Free Cash Flow Margin	5.41	-2.58	-4.12	-7.9	-6.86
Asset Turnover
Asset Turnover	1	0.87	0.93	0.84	0.69
Fixed Assets Turnover	4.62	4.02	3.76	2.83	2.56
Receivables Turnover (Average Receivables)	1.95	1.83	1.98	2.04	2.24
Inventory Turnover (Average Inventory)	5.23	4.79	4.64	4.24	4.7
Short Term Liquidity
Current Ratio	1.61	1.74	1.69	1.49	2.35
Quick Ratio	1.33	1.42	1.29	1.12	1.98
Operating Cash Flow to Current Liabilities	0.29	0.3	0.18	0.37	0.22
Days Sales Outstanding (Average Receivables)	186.82	199.88	184.02	178.74	163.28
Days Outstanding Inventory (Average Inventory)	69.75	76.48	78.75	86.12	77.71
Average Days Payable Outstanding	151.12	156.34	130.01	145.4	158.46
Cash Conversion Cycle (Average Days)	105.45	120.02	132.75	119.46	82.54
Long Term Solvency
Total Debt/Equity	18.97	10.95	22.17	33	3.82
Total Debt / Total Capital	15.95	9.87	18.15	24.81	3.67
LT Debt/Equity	2.91	0.36	9.6	14.09	2.79
Long-Term Debt / Total Capital	2.45	0.33	7.86	10.59	2.69
Total Liabilities / Total Assets	51.96	46.52	48.76	50.95	32.66
EBIT / Interest Expense	29.84	40.62	31.62	21.76	18.87
EBITDA / Interest Expense	40.07	55.9	47.58	33.28	36.03
(EBITDA - Capex) / Interest Expense	18.46	26.39	22.61	-8.02	-14.91
Total Debt / EBITDA	0.6	0.36	0.71	1.12	0.36
Net Debt / EBITDA	-0.76	-0.8	-0.05	0.24	-4.09
Total Debt / (EBITDA - Capex)	1.29	0.77	1.48	-4.67	-0.86
Net Debt / (EBITDA - Capex)	-1.66	-1.69	-0.1	-1.01	9.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	21.11	8.63	29.11	15.69	37.06
Gross Profit, 1 Yr. Growth %	22.94	6.87	23.46	12.98	19.82
EBITDA, 1 Yr. Growth %	174.3	20.16	17.3	11.51	-2.99
EBITA, 1 Yr. Growth %	282.59	18.04	15.37	14.03	-21.23
EBIT, 1 Yr. Growth %	281.69	17.23	15.37	13.73	-20.43
Earnings From Cont. Operations, 1 Yr. Growth %	318.56	28.24	21.86	16.83	-7.27
Net Income, 1 Yr. Growth %	324.7	29.26	22.97	16.73	-7.29
Normalized Net Income, 1 Yr. Growth %	341.95	20.57	14.55	22.64	-9.71
Diluted EPS Before Extra, 1 Yr. Growth %	273.91	15.12	23.23	17.21	-14.69
Accounts Receivable, 1 Yr. Growth %	17.61	16.62	20.33	6.55	50.58
Inventory, 1 Yr. Growth %