Balance Sheet Xi'an Shaangu Power Co., Ltd.

Equities

601369

CNE100000QS3

Industrial Machinery & Equipment

End-of-day quote Shanghai S.E. Other stock markets 2025-01-20			5-day change	1st Jan Change
7.940 ^CNY	-0.87%		+1.02%	-8.74%

Oct. 25	Xi'an Shaangu Power Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI
Sep. 13	Xi'an Shaangu Power to Build 195 Million Yuan Air Separation Project	MT

3a.wahmwMn1Ct6tHXGmaB4GPjHNyNCGM2jfy9oReLCeThI.u98PhryceZ-dUSnBOHRBC2WEnoDvUCrvhZJzQeLsY0aHxTGiuZB_q9lMKA

Published financial data: XI'AN SHAANGU POWER CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	7.27B	8.01B	10.25B	10.71B	10.12B
Other Revenues, Total	34.57M	57.4M	109M	57.12M	25.23M
Total Revenues	7.3B	8.06B	10.36B	10.77B	10.14B
Cost of Goods Sold, Total	5.76B	6.34B	8.43B	8.38B	7.96B
Gross Profit	1.55B	1.72B	1.94B	2.39B	2.18B
Selling General & Admin Expenses, Total	605M	640M	705M	844M	836M
Provision for Bad Debts	147M	-72.91M	-25.4M	212M	114M
R&D Expenses	255M	311M	327M	361M	277M
Other Operating Expenses	53.61M	60.6M	63.43M	58.72M	26M
Other Operating Expenses, Total	1.06B	939M	1.07B	1.48B	1.25B
Operating Income	485M	783M	866M	912M	931M
Interest Expense, Total	-38.79M	-60.36M	-93.08M	-131M	-107M
Interest And Investment Income	363M	345M	315M	400M	395M
Net Interest Expenses	324M	285M	222M	269M	288M
Currency Exchange Gains (Loss)	5.04M	16.45M	-26.85M	17.57M	37.66M
Other Non Operating Income (Expenses)	-28.98M	-67.37M	-27.61M	-18M	37.03M
EBT, Excl. Unusual Items	786M	1.02B	1.03B	1.18B	1.29B
Impairment of Goodwill	-	-3.61M	-	-	-
Gain (Loss) On Sale Of Investments	14.12M	-73.94M	37.34M	31.37M	5.53M
Gain (Loss) On Sale Of Assets	4.01M	323K	63.05M	200	112K
Asset Writedown	-11.09M	3.09M	-30.84M	-543K	1.3M
Other Unusual Items	32.02M	311K	72.39M	87.35M	56.13M
EBT, Incl. Unusual Items	825M	943M	1.18B	1.3B	1.36B
Income Tax Expense	154M	200M	225M	246M	258M
Earnings From Continuing Operations	671M	743M	950M	1.05B	1.1B
Net Income to Company	671M	743M	950M	1.05B	1.1B
Minority Interest	-68.17M	-58.29M	-92.92M	-84.52M	-77.87M
Net Income - (IS)	603M	685M	858M	968M	1.02B
Net Income to Common Incl Extra Items	603M	685M	858M	968M	1.02B
Net Income to Common Excl. Extra Items	603M	685M	858M	968M	1.02B
Per Share Items
Net EPS - Basic	0.36	0.41	0.51	0.57	0.6
Basic EPS - Continuing Operations	0.36	0.41	0.51	0.57	0.6
Basic Weighted Average Shares Outstanding	1.66B	1.66B	1.69B	1.69B	1.69B
Net EPS - Diluted	0.36	0.41	0.51	0.56	0.59
Diluted EPS - Continuing Operations	0.36	0.41	0.51	0.56	0.59
Diluted Weighted Average Shares Outstanding	1.67B	1.68B	1.69B	1.72B	1.73B
Normalized Basic EPS	0.25	0.35	0.33	0.39	0.43
Normalized Diluted EPS	0.25	0.34	0.33	0.38	0.42
Dividend Per Share	0.23	0.28	0.31	0.35	0.39
Payout Ratio	66.62	63.25	63.17	60.06	66.93
Supplemental Items
EBITDA	725M	1.05B	1.14B	1.21B	1.22B
EBITA	495M	793M	873M	922M	939M
EBIT	485M	783M	866M	912M	931M
EBITDAR	730M	1.05B	1.15B	1.21B	1.22B
Total Revenues (As Reported)	7.3B	8.06B	10.36B	10.77B	10.14B
Effective Tax Rate - (Ratio)	18.61	21.2	19.15	18.95	19.04
Total Current Taxes	193M	216M	226M	296M	265M
Total Deferred Taxes	-39.18M	-15.81M	-524K	-49.37M	-6.66M
Normalized Net Income	423M	577M	553M	654M	731M
Interest Capitalized	87.49K	194K	-	-	-
Supplemental Operating Expense Items
Advertising Expense	1.44M	131K	29.67K	47.72K	346K
Selling and Marketing Expenses	230M	208M	212M	246M	266M
General and Administrative Expenses	375M	433M	492M	598M	570M
Research And Development Expense From Footnotes	274M	344M	373M	363M	278M
Net Rental Expense, Total	4.33M	4.33M	4.1M	4.16M	4.17M
Imputed Operating Lease Interest Expense	962K	1.03M	1.09M	1.11M	863K
Imputed Operating Lease Depreciation	3.37M	3.3M	3.01M	3.05M	3.3M
Stock-Based Comp., Other (Total)	36.91M	46.07M	73.58M	139M	402M
Total Stock-Based Compensation	36.91M	46.07M	73.58M	139M	402M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	4.41B	6.29B	9.08B	11.35B	10.53B
Short Term Investments	1.55M	1.55M	-	-	-
Trading Asset Securities, Total	3.91B	3.44B	1.75B	602M	890M
Total Cash And Short Term Investments	8.32B	9.73B	10.83B	11.95B	11.42B
Accounts Receivable, Total	5.07B	5.75B	6.76B	6.46B	5.61B
Other Receivables	254M	134M	180M	377M	70.44M
Notes Receivable	-	-	15.03M	-	-
Total Receivables	5.32B	5.88B	6.95B	6.83B	5.68B
Inventory	2.65B	2.29B	2.67B	2.42B	2.25B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.57B	1.75B	1.81B	1.63B	1.35B
Total Current Assets	17.86B	19.66B	22.26B	22.84B	20.7B
Gross Property Plant And Equipment	3.59B	4.17B	4.79B	5.43B	5.86B
Accumulated Depreciation	-1.82B	-2.05B	-2.15B	-2.42B	-2.7B
Net Property Plant And Equipment	1.77B	2.12B	2.64B	3.01B	3.17B
Long-term Investments	436M	298M	536M	392M	366M
Goodwill	63.01M	63.96M	47.96M	49.99M	58.33M
Other Intangibles, Total	193M	181M	173M	168M	156M
Accounts Receivable Long-Term	1.29M	124M	763M	415M	443M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	335M	344M	360M	408M	413M
Deferred Charges Long-Term	788K	518K	248K	-	22.31M
Other Long-Term Assets, Total	2.02M	155M	493M	237M	152M
Total Assets	20.66B	22.94B	27.28B	27.51B	25.48B
Liabilities
Accounts Payable, Total	5.18B	6.29B	7.88B	7.49B	6.85B
Accrued Expenses, Total	261M	297M	353M	387M	398M
Short-term Borrowings	1.27B	1.54B	2.33B	2.51B	1.85B
Current Portion of Long-Term Debt	52.07M	517M	-	60.47M	646M
Current Portion of Leases	-	-	2.39M	3.09M	156M
Current Income Taxes Payable	52.14M	79.13M	65.93M	118M	67.06M
Unearned Revenue Current, Total	478M	5.19B	6.01B	4.72B	3.97B
Other Current Liabilities	5.68B	1.04B	1.25B	1.01B	743M
Total Current Liabilities	12.98B	14.96B	17.9B	16.3B	14.68B
Long-Term Debt	414M	284M	886M	2.02B	972M
Long-Term Leases	-	-	17.66M	21.54M	27.43M
Unearned Revenue Non Current	142M	137M	128M	110M	93.72M
Pension & Other Post Retirement Benefits	22.78M	14.73M	9.29M	7.86M	5.82M
Deferred Tax Liability Non Current	44.95M	25.02M	40.29M	40.5M	39.24M
Other Non Current Liabilities	28.55M	161M	307M	352M	330M
Total Liabilities	13.63B	15.58B	19.29B	18.85B	16.15B
Common Stock, Total	1.68B	1.68B	1.73B	1.73B	1.73B
Additional Paid In Capital	1.99B	2.04B	2.29B	2.44B	2.54B
Retained Earnings	2.92B	3.21B	3.6B	4.03B	4.44B
Treasury Stock	-129M	-119M	-287M	-231M	-140M
Comprehensive Income and Other	232M	161M	183M	186M	171M
Total Common Equity	6.69B	6.97B	7.5B	8.16B	8.75B
Minority Interest	339M	395M	482M	504M	587M
Total Equity	7.03B	7.36B	7.99B	8.66B	9.33B
Total Liabilities And Equity	20.66B	22.94B	27.28B	27.51B	25.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.68B	1.68B	1.73B	1.73B	1.73B
ECS Total Common Shares Outstanding	1.68B	1.68B	1.73B	1.73B	1.73B
Book Value / Share	3.99	4.15	4.35	4.72	5.06
Tangible Book Value	6.44B	6.72B	7.28B	7.94B	8.53B
Tangible Book Value Per Share	3.83	4.01	4.22	4.59	4.94
Total Debt	1.73B	2.34B	3.24B	4.62B	3.65B
Net Debt	-6.59B	-7.39B	-7.59B	-7.33B	-7.77B
Debt Equivalent Oper. Leases	34.64M	34.64M	32.81M	33.32M	33.32M
Minority Interest, Total (Incl. Fin. Div)	339M	395M	482M	504M	587M
Equity Method Investments, Total	197M	159M	55.78M	264M	234M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	157M	148M	156M	151M	142M
Inventories - Work In Process, Total	794M	697M	699M	736M	695M
Inventories - Finished Goods, Total	1.86B	1.62B	2.01B	1.7B	1.58B
Inventories - Others	1.63M	1.66M	1.44M	890K	589K
Land - (BS)	9.64M	9.52M	8.36M	8.67M	9.65M
Buildings, Total	794M	817M	835M	989M	1.41B
Machinery, Total	2.72B	3B	3.02B	3.45B	4.17B
Full Time Employees	3.04K	3.15K	3.43K	3.52K	3.54K
Accumulated Allowance for Doubtful Accounts (Supple)	1.24B	1.13B	1.03B	1.23B	1.34B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	603M	685M	858M	968M	1.02B
Depreciation & Amortization - CF	230M	256M	271M	292M	285M
Amortization of Goodwill and Intangible Assets - (CF)	9.95M	10.01M	7.44M	9.79M	7.62M
Depreciation & Amortization, Total	240M	266M	278M	301M	292M
Amortization of Deferred Charges, Total - (CF)	4.6M	5.67M	8.87M	26.25M	10.68M
(Gain) Loss From Sale Of Asset	-4.01M	-323K	-62.99M	-200	-108K
(Gain) Loss on Sale of Investments - (CF)	-287M	-86.54M	-77.83M	-84.52M	-15.54M
Asset Writedown & Restructuring Costs	11.38M	-13.32M	87.38M	543K	-1.3M
Provision and Write-off of Bad Debts	147M	-14.76M	-84.2M	217M	70.82M
Other Operating Activities, Total	172M	141M	334M	52.56M	172M
Change In Accounts Receivable	-423M	-1.16B	-594M	-3.49B	-869M
Change In Inventories	-358M	218M	-396M	265M	176M
Change In Accounts Payable	765M	1.27B	1.31B	2.72B	528M
Change In Deferred Taxes	-39.18M	-15.81M	-524K	-49.37M	-6.66M
Change in Other Net Operating Assets	83.26M	-115M	-410M	-14.14M	-26.05M
Cash from Operations	916M	1.17B	1.25B	911M	1.35B
Capital Expenditure	-115M	-282M	-862M	-459M	-522M
Sale of Property, Plant, and Equipment	6.33M	128K	10.07M	-	114K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	1.3B	433M	1.32B	-2.02B	-3.77B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-149M	42M	111M
Other Investing Activities, Total	302M	283M	125M	46.88M	23.21M
Cash from Investing	1.49B	435M	447M	-2.39B	-4.16B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	1.26B	1.65B	2.64B	4.24B	2.1B
Total Debt Issued	1.26B	1.65B	2.64B	4.24B	2.1B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-595M	-1.31B	-1.69B	-2.89B	-3.11B
Total Debt Repaid	-595M	-1.31B	-1.69B	-2.89B	-3.11B
Issuance of Common Stock	137M	-	226M	11.93M	-
Repurchase of Common Stock	-	-	-2.8M	-3.42M	-845K
Common Dividends Paid	-402M	-433M	-542M	-582M	-683M
Common & Preferred Stock Dividends Paid	-402M	-433M	-542M	-582M	-683M
Other Financing Activities, Total	-	259M	850M	-871M	943M
Cash from Financing	396M	160M	1.48B	-92.96M	-750M
Foreign Exchange Rate Adjustments	11.35M	-1.47M	-31.07M	6.92M	8.91M
Net Change in Cash	2.82B	1.77B	3.15B	-1.56B	-3.55B
Supplemental Items
Cash Interest Paid	-	-	18.28M	46.81M	-
Cash Income Tax Paid (Refund)	462M	571M	648M	711M	732M
Levered Free Cash Flow	5.5B	1.34B	1.14B	-797M	609M
Unlevered Free Cash Flow	5.52B	1.38B	1.2B	-715M	676M
Change In Net Working Capital	-5.05B	-854M	-1.16B	1.29B	88.77M
Net Debt Issued / Repaid	661M	334M	953M	1.35B	-1.01B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.57	2.24	2.16	2.08	2.2
Return on Total Capital	3.72	5.3	5.17	4.65	4.43
Return On Equity %	9.95	10.33	12.39	12.65	12.21
Return on Common Equity	9.36	10.03	11.85	12.37	12.07
Margin Analysis
Gross Profit Margin %	21.16	21.35	18.68	22.19	21.53
SG&A Margin	8.28	7.94	6.8	7.84	8.24
EBITDA Margin %	9.93	13	11.03	11.24	12.01
EBITA Margin %	6.78	9.83	8.43	8.57	9.26
EBIT Margin %	6.64	9.71	8.36	8.48	9.18
Income From Continuing Operations Margin %	9.19	9.21	9.17	9.78	10.83
Net Income Margin %	8.26	8.49	8.28	8.99	10.06
Net Avail. For Common Margin %	8.26	8.49	8.28	8.99	10.06
Normalized Net Income Margin	5.79	7.16	5.34	6.07	7.2
Levered Free Cash Flow Margin	75.3	16.63	10.98	-7.4	6
Unlevered Free Cash Flow Margin	75.63	17.1	11.54	-6.64	6.66
Asset Turnover
Asset Turnover	0.38	0.37	0.41	0.39	0.38
Fixed Assets Turnover	4.08	4.15	4.36	3.81	3.29
Receivables Turnover (Average Receivables)	1.56	1.48	1.64	1.62	1.68
Inventory Turnover (Average Inventory)	2.31	2.57	3.39	3.29	3.4
Short Term Liquidity
Current Ratio	1.38	1.31	1.24	1.4	1.41
Quick Ratio	1.05	1.04	0.99	1.15	1.16
Operating Cash Flow to Current Liabilities	0.07	0.08	0.07	0.06	0.09
Days Sales Outstanding (Average Receivables)	233.99	247.13	223.11	225.19	217.59
Days Outstanding Inventory (Average Inventory)