Cash flow Xiamen Intretech Inc.

Equities

002925

CNE1000033H6

Household Electronics

End-of-day quote Shenzhen S.E. Other stock markets 2024-12-03			5-day change	1st Jan Change
14.79 ^CNY	+2.07%		+7.25%	-24.04%

Oct. 29	Xiamen Intretech Inc. Reports Earnings Results for the Nine Months Ended September 30, 2024	CI
Oct. 09	Tranche Update on Xiamen Intretech Inc.'s Equity Buyback Plan announced on October 10, 2024.	CI

fb68f49cfbb.Ssjk4Cbx2DTH1wYFnch6mHHUPv2lJ8N1fXnjL751QBg.Of-hkhG8kFCS5lZhyL1OtQC_ULLRUfEUOE3We8kBCiw4vb6ic6KiRImGMg

Published financial data: XIAMEN INTRETECH INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.8B	5.29B	6.99B	4.24B	3.77B
Other Revenues, Total	52.55M	24.35M	66.55M	100M	87.5M
Total Revenues	3.85B	5.31B	7.06B	4.35B	3.86B
Cost of Goods Sold, Total	2.34B	3.55B	5.12B	3.11B	2.74B
Gross Profit	1.51B	1.76B	1.94B	1.24B	1.12B
Selling General & Admin Expenses, Total	233M	236M	379M	282M	270M
Provision for Bad Debts	5.46M	10.41M	3.17M	-1.32M	18.22M
R&D Expenses	270M	304M	380M	373M	362M
Other Operating Expenses	30.08M	22.75M	31.4M	26.54M	14.65M
Other Operating Expenses, Total	538M	573M	793M	680M	665M
Operating Income	976M	1.19B	1.15B	560M	455M
Interest Expense, Total	-245K	-6.72M	-16.62M	-28.78M	-26.66M
Interest And Investment Income	73.07M	112M	115M	39.71M	49.59M
Net Interest Expenses	72.83M	106M	98.81M	10.93M	22.93M
Currency Exchange Gains (Loss)	20.84M	-115M	-47.02M	140M	31.26M
Other Non Operating Income (Expenses)	561K	-4.91M	-3.52M	-3.55M	-2.56M
EBT, Excl. Unusual Items	1.07B	1.18B	1.2B	707M	507M
Impairment of Goodwill	-2.29M	-	-10.77M	-	-5.61M
Gain (Loss) On Sale Of Investments	12M	15.58M	27.36M	20.51M	11.65M
Gain (Loss) On Sale Of Assets	1.17M	485K	-1.37M	6.58M	-177K
Asset Writedown	-184K	-3.28M	-3.65M	-1.97M	-608K
Other Unusual Items	45.8M	58.26M	63.64M	54.75M	26.53M
EBT, Incl. Unusual Items	1.13B	1.25B	1.27B	787M	539M
Income Tax Expense	146M	180M	147M	78.47M	57.58M
Earnings From Continuing Operations	980M	1.07B	1.13B	708M	481M
Net Income to Company	980M	1.07B	1.13B	708M	481M
Minority Interest	-7.26M	-42.87M	-32.54M	-15.12M	-30.48M
Net Income - (IS)	973M	1.02B	1.09B	693M	451M
Net Income to Common Incl Extra Items	973M	1.02B	1.09B	693M	451M
Net Income to Common Excl. Extra Items	973M	1.02B	1.09B	693M	451M
Per Share Items
Net EPS - Basic	1.25	1.32	1.4	0.9	0.58
Basic EPS - Continuing Operations	1.25	1.32	1.4	0.9	0.58
Basic Weighted Average Shares Outstanding	777M	774M	781M	770M	777M
Net EPS - Diluted	1.25	1.32	1.4	0.9	0.58
Diluted EPS - Continuing Operations	1.25	1.32	1.4	0.9	0.58
Diluted Weighted Average Shares Outstanding	777M	774M	781M	770M	777M
Normalized Basic EPS	0.85	0.89	0.92	0.55	0.37
Normalized Diluted EPS	0.85	0.89	0.92	0.55	0.37
Dividend Per Share	0.59	0.59	1	0.8	0.46
Payout Ratio	47.12	45.21	43.41	115.56	142.6
Supplemental Items
EBITDA	1.03B	1.29B	1.31B	688M	597M
EBITA	977M	1.19B	1.15B	561M	461M
EBIT	976M	1.19B	1.15B	560M	455M
EBITDAR	1.04B	1.3B	1.33B	706M	615M
Total Revenues (As Reported)	3.85B	5.31B	7.06B	4.35B	3.86B
Effective Tax Rate - (Ratio)	12.95	14.42	11.55	9.97	10.69
Total Current Taxes	138M	211M	172M	70.8M	62.77M
Total Deferred Taxes	8.23M	-31.36M	-24.67M	7.68M	-5.19M
Normalized Net Income	661M	693M	716M	427M	286M
Interest on Long-Term Debt	-	-	1.15M	2.48M	2.33M
Non-Cash Pension Expense	1.66M	325K	420K	434K	1.11M
Supplemental Operating Expense Items
Advertising Expense	11.81M	17.54M	16.63M	10.55M	7.79M
Selling and Marketing Expenses	63.57M	50.46M	84.6M	79.78M	83.74M
General and Administrative Expenses	164M	176M	281M	185M	173M
Research And Development Expense From Footnotes	270M	304M	380M	373M	362M
Net Rental Expense, Total	6.3M	11.36M	14.95M	17.66M	18.49M
Imputed Operating Lease Interest Expense	622K	1.91M	2.47M	3.97M	3.94M
Imputed Operating Lease Depreciation	5.68M	9.45M	12.49M	13.69M	14.55M
Stock-Based Comp., G&A Exp. (Total)	16.27M	13.56M	75.6M	6.09M	-47.1M
Total Stock-Based Compensation	16.27M	13.56M	75.6M	6.09M	-47.1M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	980M	1.3B	1.37B	1.08B	635M
Short Term Investments	-	332M	153M	100M	-
Trading Asset Securities, Total	1.34B	1.19B	1.55B	1.69B	1.35B
Total Cash And Short Term Investments	2.32B	2.83B	3.07B	2.88B	1.99B
Accounts Receivable, Total	1.26B	1.89B	1.54B	1.18B	1.21B
Other Receivables	40.16M	82.09M	88.1M	59.66M	80.31M
Total Receivables	1.3B	1.97B	1.63B	1.24B	1.29B
Inventory	468M	1.02B	1.25B	863M	789M
Prepaid Expenses	542K	46.61K	635K	30.28K	6.87K
Other Current Assets, Total	47.86M	56.81M	58.91M	78.36M	69.31M
Total Current Assets	4.14B	5.88B	6.01B	5.06B	4.14B
Gross Property Plant And Equipment	1.03B	1.21B	1.69B	2.1B	2.67B
Accumulated Depreciation	-172M	-263M	-398M	-490M	-689M
Net Property Plant And Equipment	860M	946M	1.3B	1.61B	1.98B
Long-term Investments	75.91M	268M	430M	501M	556M
Goodwill	215M	236M	225M	225M	295M
Other Intangibles, Total	65.23M	63.66M	67.32M	77.45M	183M
Deferred Tax Assets Long-Term	29.16M	64.78M	90.75M	93.88M	70.67M
Deferred Charges Long-Term	30.61M	27.26M	40.31M	78.3M	69.27M
Other Long-Term Assets, Total	21.29M	29.48M	184M	109M	79.46M
Total Assets	5.44B	7.51B	8.34B	7.76B	7.37B
Liabilities
Accounts Payable, Total	690M	1.45B	1.08B	710M	648M
Accrued Expenses, Total	139M	145M	157M	126M	134M
Short-term Borrowings	14.04M	73.92M	175M	185M	19.08M
Current Portion of Long-Term Debt	2.63M	806K	205M	211M	402M
Current Portion of Leases	-	-	16.68M	13.14M	11.27M
Current Income Taxes Payable	66.9M	124M	95.01M	32.17M	34.93M
Unearned Revenue Current, Total	16.47M	18.59M	61.21M	161M	92M
Other Current Liabilities	159M	109M	149M	140M	148M
Total Current Liabilities	1.09B	1.92B	1.94B	1.58B	1.49B
Long-Term Debt	19.89M	529M	535M	565M	464M
Long-Term Leases	-	-	76.65M	63.95M	65.6M
Unearned Revenue Non Current	116M	129M	98.1M	51.39M	57.49M
Deferred Tax Liability Non Current	21.32M	25.76M	27.07M	37.87M	49.94M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1.24B	2.6B	2.68B	2.3B	2.13B
Common Stock, Total	458M	459M	782M	783M	780M
Additional Paid In Capital	1.71B	1.76B	1.71B	1.72B	1.64B
Retained Earnings	2.16B	2.73B	3.11B	3.03B	2.86B
Treasury Stock	-180M	-140M	-87.57M	-272M	-260M
Comprehensive Income and Other	-1.24M	-477K	-22.42M	19.27M	11.87M
Total Common Equity	4.15B	4.81B	5.5B	5.28B	5.03B
Minority Interest	42.38M	102M	164M	182M	208M
Total Equity	4.19B	4.91B	5.66B	5.46B	5.24B
Total Liabilities And Equity	5.44B	7.51B	8.34B	7.76B	7.37B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	774M	774M	787M	773M	776M
ECS Total Common Shares Outstanding	774M	774M	787M	773M	776M
Book Value / Share	5.36	6.21	6.99	6.83	6.49
Tangible Book Value	3.87B	4.51B	5.21B	4.97B	4.55B
Tangible Book Value Per Share	5	5.82	6.62	6.43	5.87
Total Debt	36.56M	603M	1.01B	1.04B	962M
Net Debt	-2.29B	-2.22B	-2.06B	-1.84B	-1.02B
Debt Equivalent Oper. Leases	50.41M	90.9M	120M	141M	148M
Minority Interest, Total (Incl. Fin. Div)	42.38M	102M	164M	182M	208M
Equity Method Investments, Total	30.33M	194M	333M	343M	325M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	255M	561M	719M	538M	504M
Inventories - Work In Process, Total	68.88M	124M	117M	125M	84.47M
Inventories - Finished Goods, Total	175M	384M	481M	293M	322M
Inventories - Others	910K	1.59M	547K	2.73M	1.3M
Land - (BS)	7.86M	7.33M	6.53M	6.19M	6.83M
Buildings, Total	481M	484M	571M	911M	1.35B
Machinery, Total	428M	538M	710M	824M	956M
Full Time Employees	4.65K	5.74K	5.78K	4.98K	5.46K
Accumulated Allowance for Doubtful Accounts (Supple)	17M	26.99M	25.74M	22.44M	40.18M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	973M	1.02B	1.09B	693M	451M
Depreciation & Amortization - CF	57.68M	96.9M	179M	148M	152M
Amortization of Goodwill and Intangible Assets - (CF)	1.04M	1.3M	2.29M	1.52M	5.68M
Depreciation & Amortization, Total	58.72M	98.2M	181M	150M	157M
Amortization of Deferred Charges, Total - (CF)	11.04M	11.9M	17.68M	19.89M	26.28M
(Gain) Loss From Sale Of Asset	-1.17M	-485K	1.37M	-6.58M	177K
(Gain) Loss on Sale of Investments - (CF)	-50.32M	-91.42M	-100M	-43.98M	-40.03M
Asset Writedown & Restructuring Costs	2.48M	3.28M	14.42M	1.97M	6.22M
Provision and Write-off of Bad Debts	5.46M	10.41M	3.17M	-1.32M	18.22M
Other Operating Activities, Total	5.92M	110M	76.46M	-22.8M	92.59M
Change In Accounts Receivable	-497M	-692M	365M	443M	52.04M
Change In Inventories	-107M	-525M	-246M	305M	9.1M
Change In Accounts Payable	274M	767M	-440M	-336M	-71.1M
Change In Deferred Taxes	7.52M	-31.18M	-24.67M	7.68M	35.27M
Change in Other Net Operating Assets	16.27M	13.56M	75.46M	6.09M	-47.1M
Cash from Operations	699M	699M	1.02B	1.22B	689M
Capital Expenditure	-567M	-203M	-475M	-505M	-475M
Sale of Property, Plant, and Equipment	5.48M	2.79M	14M	21.18M	12.49M
Cash Acquisitions	-40.59M	-231M	-20.1M	-	-300M
Divestitures	-	-	41.46M	-	259K
Investment in Marketable and Equity Securities, Total	284M	-172M	-348M	-137M	280M
Other Investing Activities, Total	47.49M	72.88M	76.57M	-61.4M	45.34M
Cash from Investing	-271M	-530M	-711M	-682M	-437M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	27.55M	677M	457M	937M	330M
Total Debt Issued	27.55M	677M	457M	937M	330M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-3.28M	-81.09M	-143M	-960M	-425M
Total Debt Repaid	-3.28M	-81.09M	-143M	-960M	-425M
Issuance of Common Stock	5.8M	34.31M	112M	16.1M	-
Repurchase of Common Stock	-	-	-1.92M	-204M	-49.46M
Common Dividends Paid	-459M	-463M	-475M	-801M	-642M
Common & Preferred Stock Dividends Paid	-459M	-463M	-475M	-801M	-642M
Other Financing Activities, Total	-150M	25.4M	-376M	-9.88M	216M
Cash from Financing	-578M	192M	-426M	-1.02B	-571M
Foreign Exchange Rate Adjustments	20.37M	-32.73M	-2.97M	96.2M	-33.78M
Net Change in Cash	-130M	329M	-124M	-393M	-352M
Supplemental Items
Cash Interest Paid	245K	-	-	-	-
Cash Income Tax Paid (Refund)	-73.77M	-32.24M	-179M	-39.65M	-55.13M
Levered Free Cash Flow	1.31B	190M	341M	386M	-152M
Unlevered Free Cash Flow	1.31B	194M	351M	404M	-135M
Change In Net Working Capital	-1.18B	471M	166M	-383M	80.59M
Net Debt Issued / Repaid	24.27M	595M	314M	-23.59M	-95.2M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	12	11.49	9	4.34	3.76
Return on Total Capital	15.28	15.27	11.68	5.31	4.48
Return On Equity %	24.69	23.46	21.07	12.74	8.99
Return on Common Equity	24.73	22.88	20.99	12.87	8.74
Margin Analysis
Gross Profit Margin %	39.27	33.22	27.5	28.52	29.01
SG&A Margin	6.05	4.45	5.36	6.48	6.99
EBITDA Margin %	26.83	24.27	18.57	15.83	15.46
EBITA Margin %	25.34	22.44	16.31	12.91	11.94
EBIT Margin %	25.31	22.42	16.27	12.88	11.79
Income From Continuing Operations Margin %	25.44	20.11	15.94	16.3	12.46
Net Income Margin %	25.25	19.3	15.48	15.96	11.67
Net Avail. For Common Margin %	25.25	19.3	15.48	15.96	11.67
Normalized Net Income Margin	17.16	13.04	10.14	9.82	7.42
Levered Free Cash Flow Margin	34.05	3.58	4.82	8.88	-3.93
Unlevered Free Cash Flow Margin	34.05	3.66	4.97	9.29	-3.5
Asset Turnover
Asset Turnover	0.76	0.82	0.88	0.54	0.51
Fixed Assets Turnover	5.71	5.88	6.07	2.99	2.15
Receivables Turnover (Average Receivables)	3.8	3.35	4.08	3.12	3.15
Inventory Turnover (Average Inventory)	5.84	4.76	4.5	2.94	3.32
Short Term Liquidity
Current Ratio	3.81	3.06	3.1	3.2	2.78
Quick Ratio	3.33	2.5	2.42	2.61	2.2
Operating Cash Flow to Current Liabilities	0.64	0.36	0.52	0.77	0.46
Days Sales Outstanding (Average Receivables)	95.98	109.11	89.52	116.97	115.87
Days Outstanding Inventory (Average Inventory)	62.48	76.85	81.03	124.25	109.99
Average Days Payable Outstanding	92.41	95.46	86.32	120.15	92.97
Cash Conversion Cycle (Average Days)	66.04	90.5	84.23	121.07	132.89
Long Term Solvency
Total Debt/Equity	0.87	12.29	17.82