Balance Sheet Xinjiang Lixin Energy Co., LTD.

Equities

001258

CNE100005GM6

Electric Utilities

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-09			5-day change	1st Jan Change
5.710 ^CNY	+0.53%		-2.89%	-29.33%

Aug. 26	Xinjiang Lixin Energy Co., LTD. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Jun. 13	Xinjiang Lixin Energy to Build Two Wind Power Generators for 4 Billion Yuan	MT

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Published financial data: XINJIANG LIXIN ENERGY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	623M	653M	808M	881M	982M
Other Revenues, Total	-	-	106K	719K	7.47M
Total Revenues	623M	653M	808M	882M	990M
Selling General & Admin Expenses, Total	23.57M	24.15M	26.02M	37.03M	35.93M
R&D Expenses	129K	177K	179K	893K	3.75M
Provision for Bad Debts	33.4M	72.56M	105M	77.68M	211M
Other Operating Expenses	259M	253M	319M	360M	434M
Total Operating Expenses	316M	350M	450M	476M	685M
Operating Income (REIT / Utility Template)	307M	303M	357M	406M	305M
Interest Expense, Total	-184M	-176M	-206M	-201M	-186M
Interest and Investment Income	627K	1.53M	3.6M	10.1M	14.77M
Net Interest Expenses	-184M	-174M	-202M	-191M	-171M
Other Non Operating Income (Expenses)	-133K	-504K	-1.16M	-721K	-786K
EBT, Excl. Unusual Items	123M	128M	154M	214M	133M
Gain (Loss) on Sale of Investments	3.07M	8.71M	-	27.72K	-27.72K
Gain (Loss) on Sale of Assets	-	230K	154K	159K	54K
Asset Writedown	-11.21M	-8.68M	497K	107K	-12.39K
Other Unusual Items	-204K	-251K	-2.29M	-2.48M	23.66M
EBT, Incl. Unusual Items	114M	128M	152M	212M	157M
Income Tax Expense	6.93M	10.4M	9.8M	15.88M	21.09M
Earnings From Continuing Operations	108M	118M	143M	196M	136M
Net Income to Company	108M	118M	143M	196M	136M
Minority Interest	-6.64M	10.51K	-87.74K	72.02K	-339K
Net Income - (IS)	101M	118M	142M	196M	135M
Net Income to Common Incl Extra Items	101M	118M	142M	196M	135M
Net Income to Common Excl. Extra Items	101M	118M	142M	196M	135M
Per Share Items
Net EPS - Basic	0.11	0.19	0.2	0.25	0.14
Basic EPS - Continuing Operations	0.11	0.19	0.2	0.25	0.14
Basic Weighted Average Shares Outstanding	917M	620M	712M	784M	966M
Net EPS - Diluted	0.11	0.19	0.2	0.25	0.14
Diluted EPS - Continuing Operations	0.11	0.19	0.2	0.25	0.14
Diluted Weighted Average Shares Outstanding	917M	620M	712M	784M	966M
Normalized Basic EPS	0.08	0.13	0.13	0.17	0.09
Normalized Diluted EPS	0.08	0.13	0.13	0.17	0.09
Dividend Per Share	-	-	-	0.06	0.08
Payout Ratio	173.37	134.41	143.2	112	197.19
Supplemental Items
Utility Revenues	622M	650M	808M	881M	982M
Non Utility Revenues	106K	2.77M	106K	719K	7.47M
EBITDA	307M	303M	626M	693M	619M
EBITA	307M	303M	360M	408M	309M
EBIT	307M	303M	357M	406M	305M
EBITDAR	308M	304M	628M	697M	626M
Total Revenues (As Reported)	-	-	808M	882M	990M
Effective Tax Rate - (Ratio)	6.06	8.11	6.43	7.5	13.46
Current Domestic Taxes	-	-	21.45M	41.88M	51.46M
Total Current Taxes	13.81M	16.93M	21.45M	41.88M	51.46M
Deferred Domestic Taxes	-	-	-11.64M	-26M	-30.38M
Total Deferred Taxes	-6.88M	-6.53M	-11.64M	-26M	-30.38M
Normalized Net Income	70.09M	80.18M	96.17M	134M	82.76M
Interest Capitalized	-	-	-	19.11M	24.82M
Interest on Long-Term Debt	184M	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	22.41M	22.94M	24.67M	35.5M	34.25M
Research And Development Expense From Footnotes	129K	177K	179K	893K	3.75M
Net Rental Expense, Total	1.16M	1.21M	1.35M	4.22M	7.81M
Imputed Operating Lease Interest Expense	490K	444K	490K	1.41M	2.21M
Imputed Operating Lease Depreciation	673K	769K	857K	2.81M	5.59M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	162M	434M	567M	1.16B	447M
Trading Asset Securities, Total	-	-	-	60.03M	-
Accounts Receivable, Total	878M	1.14B	1.4B	1.49B	1.72B
Other Receivables	197M	235M	2.83M	15.73M	26.15M
Accounts Receivable (Summary Subtotal)	1.07B	1.38B	1.4B	1.51B	1.75B
Inventory - (Utility Template)	-	437K	-	-	334K
Other Current Assets, Total	5.06M	5.32M	208M	166M	205M
Total Current Assets	1.24B	1.82B	2.18B	2.89B	2.4B
Gross Property Plant And Equipment	4.24B	5.5B	6.01B	7.14B	8.43B
Accumulated Depreciation	-766M	-970M	-1.26B	-1.55B	-1.86B
Net Property Plant And Equipment	3.47B	4.53B	4.76B	5.6B	6.57B
Goodwill	-	7.33K	7.33K	7.33K	7.33K
Other Intangibles, Total	77.13M	91.12M	91.61M	242M	253M
Deferred Tax Assets Long-Term (Collected)	7.42M	13.95M	25.6M	51.6M	83.14M
Deferred Charges Long-Term	14.24M	29.87M	641K	655K	583K
Other Long-Term Assets, Total	-	-	25.22M	373M	328M
Total Assets	4.81B	6.48B	7.08B	9.16B	9.63B
Liabilities
Accounts Payable, Total	59.98M	392M	362M	354M	535M
Accrued Expenses, Total	10.41M	13.35M	17.3M	27.14M	29.35M
Short-Term Borrowings	317M	145M	19.02M	125M	-
Current Portion of Long-Term Debt	303M	424M	493M	725M	728M
Current Portion of Leases	-	-	1.37M	4.83M	2.99M
Current Income Taxes Payable	1.17M	1.79M	6.14M	17.76M	27.47M
Unearned Revenue, Current	-	-	102K	-	-
Other Current Liabilities - (Bank / Utility Template)	19.33M	18.71M	15.25M	9.14M	1.31M
Total Current Liabilities	711M	995M	915M	1.26B	1.32B
Long-Term Debt	2.74B	3.74B	4.21B	4.97B	5.3B
Long-Term Leases	-	-	10.06M	13.81M	11.31M
Unearned Revenue Non Current	1.69M	1.59M	-	-	-
Deferred Tax Liability Non-Current	-	-	3.33K	2.85K	1.37M
Other Non Current Liabilities, Total	-	-	1.48M	40.4M	47.36M
Total Liabilities	3.45B	4.74B	5.13B	6.29B	6.68B
Common Stock, Total	1.08B	700M	700M	933M	933M
Additional Paid In Capital	30.76M	752M	753M	1.25B	1.25B
Retained Earnings	252M	287M	490M	686M	763M
Comprehensive Income and Other	-	-	-	2.21M	-
Total Common Equity	1.36B	1.74B	1.94B	2.87B	2.94B
Minority Interest	1.24M	2.23M	1.56M	1.5M	6.84M
Total Equity	1.36B	1.74B	1.94B	2.87B	2.95B
Total Liabilities And Equity	4.81B	6.48B	7.08B	9.16B	9.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	917M	700M	679M	933M	933M
ECS Total Common Shares Outstanding	917M	700M	679M	933M	933M
Book Value / Share	1.48	2.48	2.86	3.07	3.15
Tangible Book Value	1.28B	1.65B	1.85B	2.63B	2.69B
Tangible Book Value Per Share	1.4	2.35	2.73	2.81	2.88
Total Debt	3.36B	4.31B	4.73B	5.84B	6.04B
Net Debt	3.2B	3.88B	4.16B	4.62B	5.59B
Debt Equivalent Oper. Leases	9.3M	9.71M	10.78M	33.75M	62.45M
Minority Interest, Total (Incl. Fin. Div)	1.24M	2.23M	1.56M	1.5M	6.84M
Account Code - Inventory Valuation	-	5	-	5	5
Inventories - Raw Materials, Total	-	-	-	-	334K
Inventories - Others	-	437K	-	-	-
Buildings, Total	475M	477M	662M	698M	867M
Machinery, Total	3.75B	3.75B	4.95B	5.26B	6.91B
Full Time Employees	-	132	-	175	199
Accumulated Allowance for Doubtful Accounts (Supple)	87.7M	160M	265M	343M	554M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	101M	118M	142M	196M	135M
Depreciation, Depletion & Amortization	41.32K	41.52K	270M	289M	314M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	2.46M	2.21M	3.88M
Total Depreciation, Depletion & Amortization	41.32K	41.52K	272M	291M	318M
Amortization of Deferred Charges, Total	-	-	353K	1.02M	1.01M
(Gain) Loss On Sale of Asset - (CF)	-	-	-154K	-159K	-54K
(Gain) Loss on Sale of Investments - (CF)	-	-	-1.53M	-2.17M	-1.45M
Total Asset Writedown	-	-	105M	78.1M	212M
Change in Accounts Receivable	-	-	-384M	-60.81M	-81.08M
Change In Inventories	-	-	437K	-	-334K
Change in Accounts Payable	-	-	108M	132M	-233M
Change In Deferred Taxes	-	-	-11.64M	-26.01M	-30.58M
Change in Other Net Operating Assets (Collected)	-	-	-	2.22M	-2.22M
Other Operating Activities	257M	180M	206M	201M	186M
Cash from Operations	358M	298M	437M	812M	504M
Capital Expenditure	-32.39M	-1.07B	-586M	-1.74B	-1.15B
Sale of Property, Plant, and Equipment	-	-	785K	120K	-
Cash Acquisitions	-	-	-	-	-29.25M
Divestitures	-	-	-	-	5M
Investment in Marketable and Equity Securities, Total	0	0	-1.54M	-60M	60M
Other Investing Activities, Total	93.53M	2.76M	1.53M	-9.18M	18.32M
Cash from Investing	61.13M	-1.06B	-585M	-1.81B	-1.1B
Long-Term Debt Issued, Total	-	1.59B	1.26B	1.85B	1.39B
Total Debt Issued	-	1.59B	1.26B	1.85B	1.39B
Long-Term Debt Repaid, Total	-268M	-322M	-857M	-780M	-1.19B
Total Debt Repaid	-268M	-322M	-857M	-780M	-1.19B
Issuance of Common Stock	-	261M	1M	741M	-
Common Dividends Paid	-175M	-158M	-204M	-220M	-267M
Common & Preferred Stock Dividends Paid	-175M	-158M	-204M	-220M	-267M
Other Financing Activities, Total	-126M	-473M	135M	-18.72M	-8.34M
Cash from Financing	-570M	901M	337M	1.58B	-74.26M
Net Change in Cash	-150M	136M	189M	580M	-670M
Supplemental Items
Cash Income Tax Paid (Refund)	18.56M	27.96M	43.5M	102M	137M
Net Debt Issued / Repaid	-268M	1.27B	405M	1.07B	201M
Levered Free Cash Flow	-247M	-955M	-472M	-1.37B	-854M
Unlevered Free Cash Flow	-131M	-845M	-344M	-1.25B	-738M
Change In Net Working Capital	291M	-30.91M	254M	53.89M	93.39M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.82	3.35	3.29	3.12	2.03
Return on Total Capital	3.96	3.51	3.51	3.3	2.15
Return On Equity %	8.05	7.6	7.74	8.14	4.66
Return on Common Equity	8.74	7.61	7.74	8.15	4.66
Margin Analysis
Gross Profit Margin %	59.06	61.83	60.22	59.45	58.04
SG&A Margin	3.79	3.7	3.22	4.2	3.63
EBITDA Margin %	49.25	46.38	77.56	78.59	62.5
EBITA Margin %	49.24	46.37	44.54	46.26	31.19
EBIT Margin %	49.24	46.37	44.24	46.01	30.8
Income From Continuing Operations Margin %	17.27	18.05	17.65	22.22	13.7
Net Income Margin %	16.2	18.05	17.64	22.23	13.66
Net Avail. For Common Margin %	16.2	18.05	17.64	22.23	13.66
Normalized Net Income Margin	11.26	12.28	11.91	15.18	8.36
Levered Free Cash Flow Margin	-39.59	-146.19	-58.47	-155.84	-86.26
Unlevered Free Cash Flow Margin	-21.09	-129.38	-42.55	-141.59	-74.52
Asset Turnover
Asset Turnover	0.12	0.12	0.12	0.11	0.11
Fixed Assets Turnover	0.17	0.16	0.17	0.17	0.16
Receivables Turnover (Average Receivables)	0.8	0.65	0.63	0.61	0.61
Short Term Liquidity
Current Ratio	1.75	1.83	2.38	2.29	1.81
Quick Ratio	1.74	1.82	2.16	2.16	1.66
Operating Cash Flow to Current Liabilities	0.5	0.3	0.48	0.64	0.38
Days Sales Outstanding (Average Receivables)	455.86	566.29	575.17	599.42	596.9
Average Days Payable Outstanding	-	-	-	365.41	-
Long Term Solvency
Total Debt/Equity	246.9	247.71	243.29	203.55	204.92
Total Debt / Total Capital	71.17	71.24	70.87	67.06	67.2
LT Debt/Equity	201.33	215.03	216.88	173.77	180.14
Long-Term Debt / Total Capital	58.04	61.84	63.18	57.24	59.08
Total Liabilities / Total Assets	71.73	73.14	72.53	68.67	69.39
EBIT / Interest Expense	1.66	1.72	1.74	2.02	1.64
EBITDA / Interest Expense	1.66	1.72	3.06	3.46	3.35
(EBITDA - Capex) / Interest Expense	1.49	-4.34	0.21	-5.19	-2.86
Total Debt / EBITDA	10.96	14.24	7.51	8.38	9.7
Net Debt / EBITDA	10.43	12.8	6.61	6.63	8.98
Total Debt / (EBITDA - Capex)	12.26	-5.66	107.95	-5.6	-11.38
Net Debt / (EBITDA - Capex)	11.67	-5.09	95.01	-4.43	-10.54
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.88	4.92	23.65	9.18	12.25
Gross Profit, 1 Yr. Growth %	20.95	9.83	20.43	7.78	9.58
EBITDA, 1 Yr. Growth %	3.95	-1.19	106.78	10.62	-8.97
EBITA, 1 Yr. Growth %	3.95	-1.19	18.76	13.39	-21.73
EBIT, 1 Yr. Growth %	3.95	-1.19	17.95	13.56	-22.16
Earnings From Cont. Operations, 1 Yr. Growth %	8.26	9.65	20.94	37.43	-30.82
Net Income, 1 Yr. Growth %	83.63	16.89	20.86	37.57	-31.01
Diluted EPS Before Extra, 1 Yr. Growth %	57.14	72.73	5.26	25	-44
Normalized Net Income, 1 Yr. Growth %	283.49	14.39	19.94	39.16	-33.79
Net Property, Plant and Equip., 1 Yr. Growth %	-7.72	30.36	5	17.72	17.32
Accounts Receivable, 1 Yr. Growth %	29.7	30.19	22.63	6.42	15.34
Total Assets, 1 Yr. Growth %	-7.56	34.63	9.2	29.37	5.18
Tangible Book Value, 1 Yr. Growth %	45.88	28.46	12.35	41.83	2.39
Cash From Operations, 1 Yr. Growth %	-44.51	-16.84	46.77	85.92	-37.96
Capital Expenditures, 1 Yr. Growth %	-73.77	3.19K	-45.01	196.99	-33.68
Levered Free Cash Flow, 1 Yr. Growth %	-	287.39	-50.55	191	-38.27
Unlevered Free Cash Flow, 1 Yr. Growth %	-	543.53	-59.34	263.3	-41.34
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	26.98
Common Equity, 1 Yr. Growth %	43.45	27.87	11.73	47.58	2.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	6.88	13.9	16.19	10.7
Gross Profit, 2 Yr. CAGR %	-	15.26	15.01	13.93	8.68
EBITDA, 2 Yr. CAGR %	-	1.35	42.94	51.24	-0.63
EBITA, 2 Yr. CAGR %