Cash flow Xinjiang Lixin Energy Co., LTD.

Equities

001258

CNE100005GM6

Independent Power Producers

End-of-day quote Shenzhen S.E. Other stock markets 2026-01-15			5-day change	1st Jan Change
7.430 ^CNY	+0.68%		+1.78%	+4.50%

25-10-26	Xinjiang Lixin Energy Co., LTD. Reports Earnings Results for the Nine Months Ended September 30, 2025	CI
25-09-03	Xinjiang Lixin Energy Completes 1.23-Billion-Yuan Quasi-REITs Issue	MT

751c8462dbcbf92231d97e6bcfae233.HmWyDS3aA4qcOmUqECYLrUfcsxPn6nGUdqU6CkbDA4w.fTLjYhWZb-f7DihBIxdUxnKkwlK0gymhOexTUheIScktMuZlXJ1h37F_MA

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

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues - (Utility Template)	653M	808M	881M	982M	964M
Other Revenues, Total	-	106K	719K	7.47M	6.27M
Total Revenues	653M	808M	882M	990M	971M
Selling General & Admin Expenses, Total	24.15M	26.02M	37.03M	35.93M	32.67M
R&D Expenses	177K	179K	893K	3.75M	6.34M
Provision for Bad Debts	72.56M	105M	77.68M	211M	167M
Other Operating Expenses	253M	319M	360M	434M	496M
Total Operating Expenses	350M	450M	476M	685M	702M
Operating Income (REIT / Utility Template)	303M	357M	406M	305M	268M
Interest Expense, Total	-176M	-206M	-201M	-186M	-195M
Interest and Investment Income	1.53M	3.6M	10.1M	14.77M	4.09M
Net Interest Expenses	-174M	-202M	-191M	-171M	-191M
Other Non Operating Income (Expenses)	-504K	-1.16M	-721K	-786K	-1.18M
EBT, Excl. Unusual Items	128M	154M	214M	133M	76.68M
Gain (Loss) on Sale of Investments	8.71M	-	27.72K	-27.72K	-
Gain (Loss) on Sale of Assets	230K	154K	159K	54K	283K
Asset Writedown	-8.68M	497K	107K	-12.39K	-
Other Unusual Items	-251K	-2.29M	-2.48M	23.66M	123K
EBT, Incl. Unusual Items	128M	152M	212M	157M	77.09M
Income Tax Expense	10.4M	9.8M	15.88M	21.09M	27.77M
Earnings From Continuing Operations	118M	143M	196M	136M	49.31M
Net Income to Company	118M	143M	196M	136M	49.31M
Minority Interest	10.51K	-87.74K	72.02K	-339K	870K
Net Income - (IS)	118M	142M	196M	135M	50.18M
Net Income to Common Incl Extra Items	118M	142M	196M	135M	50.18M
Net Income to Common Excl. Extra Items	118M	142M	196M	135M	50.18M
Per Share Items
Net EPS - Basic	0.19	0.2	0.25	0.14	0.05
Basic EPS - Continuing Operations	0.19	0.2	0.25	0.14	0.05
Basic Weighted Average Shares Outstanding	620M	712M	784M	966M	1B
Net EPS - Diluted	0.19	0.2	0.25	0.14	0.05
Diluted EPS - Continuing Operations	0.19	0.2	0.25	0.14	0.05
Diluted Weighted Average Shares Outstanding	620M	712M	784M	966M	1B
Normalized Basic EPS	0.13	0.13	0.17	0.09	0.05
Normalized Diluted EPS	0.13	0.13	0.17	0.09	0.05
Dividend Per Share	-	-	0.06	0.08	0.02
Payout Ratio	134.41	143.2	112	197.19	588.14
Supplemental Items
Utility Revenues	650M	808M	881M	982M	964M
Non Utility Revenues	2.77M	106K	719K	7.47M	6.27M
EBITDA	303M	626M	693M	619M	662M
EBITA	303M	360M	408M	309M	272M
EBIT	303M	357M	406M	305M	268M
EBITDAR	304M	628M	697M	626M	671M
Total Revenues (As Reported)	-	808M	882M	990M	971M
Effective Tax Rate - (Ratio)	8.11	6.43	7.5	13.46	36.03
Current Domestic Taxes	-	21.45M	41.88M	51.46M	46.23M
Total Current Taxes	16.93M	21.45M	41.88M	51.46M	46.23M
Deferred Domestic Taxes	-	-11.64M	-26M	-30.38M	-18.45M
Total Deferred Taxes	-6.53M	-11.64M	-26M	-30.38M	-18.45M
Normalized Net Income	80.18M	96.17M	134M	82.76M	48.8M
Interest Capitalized	-	-	19.11M	24.82M	38.25M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	22.94M	24.67M	35.5M	34.25M	30.47M
Research And Development Expense From Footnotes	177K	179K	893K	3.75M	6.48M
Net Rental Expense, Total	1.21M	1.35M	4.22M	7.81M	8.43M
Imputed Operating Lease Interest Expense	444K	490K	1.41M	2.21M	1.85M
Imputed Operating Lease Depreciation	769K	857K	2.81M	5.59M	6.57M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	434M	567M	1.16B	447M	254M
Trading Asset Securities, Total	-	-	60.03M	-	-
Accounts Receivable, Total	1.14B	1.4B	1.49B	1.72B	2.02B
Other Receivables	235M	2.83M	15.73M	26.15M	30.57M
Accounts Receivable (Summary Subtotal)	1.38B	1.4B	1.51B	1.75B	2.05B
Inventory - (Utility Template)	437K	-	-	334K	398K
Other Current Assets, Total	5.32M	208M	166M	205M	547M
Total Current Assets	1.82B	2.18B	2.89B	2.4B	2.85B
Gross Property Plant And Equipment	5.5B	6.01B	7.14B	8.43B	13.54B
Accumulated Depreciation	-970M	-1.26B	-1.55B	-1.86B	-2.25B
Net Property Plant And Equipment	4.53B	4.76B	5.6B	6.57B	11.29B
Goodwill	7.33K	7.33K	7.33K	7.33K	7.33K
Other Intangibles, Total	91.12M	91.61M	242M	253M	247M
Long-Term Investments - (Utility Template)	-	-	-	-	797M
Deferred Tax Assets Long-Term (Collected)	13.95M	25.6M	51.6M	83.14M	102M
Deferred Charges Long-Term	29.87M	641K	655K	583K	618K
Other Long-Term Assets, Total	-	25.22M	373M	328M	8.21M
Total Assets	6.48B	7.08B	9.16B	9.63B	15.29B
Liabilities
Accounts Payable, Total	392M	362M	354M	535M	1.38B
Accrued Expenses, Total	13.35M	17.3M	27.14M	29.35M	27.99M
Short-Term Borrowings	145M	19.02M	125M	-	1.26B
Current Portion of Long-Term Debt	424M	493M	725M	728M	839M
Current Portion of Leases	-	1.37M	4.83M	2.99M	134M
Current Income Taxes Payable	1.79M	6.14M	17.76M	27.47M	19.85M
Unearned Revenue, Current	-	102K	-	-	12.39K
Other Current Liabilities - (Bank / Utility Template)	18.71M	15.25M	9.14M	1.31M	1.36M
Total Current Liabilities	995M	915M	1.26B	1.32B	3.67B
Long-Term Debt	3.74B	4.21B	4.97B	5.3B	6.81B
Long-Term Leases	-	10.06M	13.81M	11.31M	1.85B
Unearned Revenue Non Current	1.59M	-	-	-	-
Deferred Tax Liability Non-Current	-	3.33K	2.85K	1.37M	1.44M
Other Non Current Liabilities, Total	-	1.48M	40.4M	47.36M	44.63M
Total Liabilities	4.74B	5.13B	6.29B	6.68B	12.37B
Common Stock, Total	700M	700M	933M	933M	933M
Additional Paid In Capital	752M	753M	1.25B	1.25B	1.24B
Retained Earnings	287M	490M	686M	763M	738M
Comprehensive Income and Other	-	-	2.21M	-	2.15M
Total Common Equity	1.74B	1.94B	2.87B	2.94B	2.91B
Minority Interest	2.23M	1.56M	1.5M	6.84M	5.97M
Total Equity	1.74B	1.94B	2.87B	2.95B	2.92B
Total Liabilities And Equity	6.48B	7.08B	9.16B	9.63B	15.29B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	700M	679M	933M	933M	933M
ECS Total Common Shares Outstanding	700M	679M	933M	933M	933M
Book Value / Share	2.48	2.86	3.07	3.15	3.12
Tangible Book Value	1.65B	1.85B	2.63B	2.69B	2.66B
Tangible Book Value Per Share	2.35	2.73	2.81	2.88	2.85
Total Debt	4.31B	4.73B	5.84B	6.04B	10.9B
Net Debt	3.88B	4.16B	4.62B	5.59B	10.64B
Debt Equivalent Oper. Leases	9.71M	10.78M	33.75M	62.45M	67.42M
Minority Interest, Total (Incl. Fin. Div)	2.23M	1.56M	1.5M	6.84M	5.97M
Equity Method Investments, Total	-	-	-	-	797M
Account Code - Inventory Valuation	5	-	5	5	5
Inventories - Raw Materials, Total	-	-	-	334K	398K
Inventories - Others	437K	-	-	-	-
Buildings, Total	477M	662M	698M	867M	891M
Machinery, Total	3.75B	4.95B	5.26B	6.91B	7.18B
Full Time Employees	132	-	175	199	245
Accumulated Allowance for Doubtful Accounts (Supple)	160M	265M	343M	554M	721M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	118M	142M	196M	135M	50.18M
Depreciation, Depletion & Amortization	41.52K	270M	289M	314M	394M
Amortization of Goodwill and Intangible Assets - (CF)	-	2.46M	2.21M	3.88M	3.96M
Total Depreciation, Depletion & Amortization	41.52K	272M	291M	318M	398M
Amortization of Deferred Charges, Total	-	353K	1.02M	1.01M	1.2M
(Gain) Loss On Sale of Asset - (CF)	-	-154K	-159K	-54K	-283K
(Gain) Loss on Sale of Investments - (CF)	-	-1.53M	-2.17M	-1.45M	-
Total Asset Writedown	-	105M	78.1M	212M	-
Provision and Write-off of Bad Debts	-	-	-	-	167M
Change in Accounts Receivable	-	-384M	-60.81M	-81.08M	-474M
Change In Inventories	-	437K	-	-334K	-64K
Change in Accounts Payable	-	108M	132M	-233M	34.91M
Change In Deferred Taxes	-	-11.64M	-26.01M	-30.58M	-18.45M
Change in Other Net Operating Assets (Collected)	-	-	2.22M	-2.22M	2.15M
Other Operating Activities	180M	206M	201M	186M	195M
Cash from Operations	298M	437M	812M	504M	356M
Capital Expenditure	-1.07B	-586M	-1.74B	-1.15B	-3.79B
Sale of Property, Plant, and Equipment	-	785K	120K	-	-
Cash Acquisitions	-	-	-	-29.25M	-
Divestitures	-	-	-	5M	-
Investment in Marketable and Equity Securities, Total	0	-1.54M	-60M	60M	-805M
Other Investing Activities, Total	2.76M	1.53M	-9.18M	18.32M	-17M
Cash from Investing	-1.06B	-585M	-1.81B	-1.1B	-4.61B
Long-Term Debt Issued, Total	1.59B	1.26B	1.85B	1.39B	5.02B
Total Debt Issued	1.59B	1.26B	1.85B	1.39B	5.02B
Long-Term Debt Repaid, Total	-322M	-857M	-780M	-1.19B	-729M
Total Debt Repaid	-322M	-857M	-780M	-1.19B	-729M
Issuance of Common Stock	261M	1M	741M	-	-
Common Dividends Paid	-158M	-204M	-220M	-267M	-295M
Common & Preferred Stock Dividends Paid	-158M	-204M	-220M	-267M	-295M
Other Financing Activities, Total	-473M	135M	-18.72M	-8.34M	-2.41M
Cash from Financing	901M	337M	1.58B	-74.26M	3.99B
Net Change in Cash	136M	189M	580M	-670M	-264M
Supplemental Items
Cash Income Tax Paid (Refund)	27.96M	43.5M	102M	137M	160M
Net Debt Issued / Repaid	1.27B	405M	1.07B	201M	4.29B
Levered Free Cash Flow	-955M	-472M	-1.37B	-854M	-3.15B
Unlevered Free Cash Flow	-845M	-344M	-1.25B	-738M	-3.03B
Change In Net Working Capital	-30.91M	254M	53.89M	93.39M	-196M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.35	3.29	3.12	2.03	1.35
Return on Total Capital	3.51	3.51	3.3	2.15	1.47
Return On Equity %	7.6	7.74	8.14	4.66	1.68
Return on Common Equity	7.61	7.74	8.15	4.66	1.71
Margin Analysis
Gross Profit Margin %	61.83	60.22	59.45	58.04	48.93
SG&A Margin	3.7	3.22	4.2	3.63	3.37
EBITDA Margin %	46.38	77.56	78.59	62.5	68.24
EBITA Margin %	46.37	44.54	46.26	31.19	28.07
EBIT Margin %	46.37	44.24	46.01	30.8	27.66
Income From Continuing Operations Margin %	18.05	17.65	22.22	13.7	5.08
Net Income Margin %	18.05	17.64	22.23	13.66	5.17
Net Avail. For Common Margin %	18.05	17.64	22.23	13.66	5.17
Normalized Net Income Margin	12.28	11.91	15.18	8.36	5.03
Levered Free Cash Flow Margin	-146.19	-58.47	-155.84	-86.26	-324.36
Unlevered Free Cash Flow Margin	-129.38	-42.55	-141.59	-74.52	-311.82
Asset Turnover
Asset Turnover	0.12	0.12	0.11	0.11	0.08
Fixed Assets Turnover	0.16	0.17	0.17	0.16	0.11
Receivables Turnover (Average Receivables)	0.65	0.63	0.61	0.61	0.52
Inventory Turnover (Average Inventory)	-	-	-	-	1.36K
Short Term Liquidity
Current Ratio	1.83	2.38	2.29	1.81	0.78
Quick Ratio	1.82	2.16	2.16	1.66	0.63
Operating Cash Flow to Current Liabilities	0.3	0.48	0.64	0.38	0.1
Days Sales Outstanding (Average Receivables)	566.29	575.17	599.42	596.9	709.05
Days Outstanding Inventory (Average Inventory)	-	-	-	-	0.27
Average Days Payable Outstanding	-	-	365.41	-	707.4
Cash Conversion Cycle (Average Days)	-	-	-	-	1.92
Long Term Solvency
Total Debt/Equity	247.71	243.29	203.55	204.92	373.56
Total Debt / Total Capital	71.24	70.87	67.06	67.2	78.88
LT Debt/Equity	215.03	216.88	173.77	180.14	296.91
Long-Term Debt / Total Capital	61.84	63.18	57.24	59.08	62.7
Total Liabilities / Total Assets	73.14	72.53	68.67	69.39	80.92
EBIT / Interest Expense	1.72	1.74	2.02	1.64	1.38
EBITDA / Interest Expense	1.72	3.06	3.46	3.35	3.42
(EBITDA - Capex) / Interest Expense	-4.34	0.21	-5.19	-2.86	-16.04
Total Debt / EBITDA	14.24	7.51	8.38	9.7	16.34
Net Debt / EBITDA	12.8	6.61	6.63	8.98	15.96
Total Debt / (EBITDA - Capex)	-5.66	107.95	-5.6	-11.38	-3.49
Net Debt / (EBITDA - Capex)	-5.09	95.01	-4.43	-10.54	-3.41
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.92	23.65	9.18	12.25	-1.93
Gross Profit, 1 Yr. Growth %	9.83	20.43	7.78	9.58	-17.33
EBITDA, 1 Yr. Growth %	-1.19	106.78	10.62	-8.97	3.64
EBITA, 1 Yr. Growth %	-1.19	18.76	13.39	-21.73	-17.26
EBIT, 1 Yr. Growth %	-1.19	17.95	13.56	-22.16	-17.33
Earnings From Cont. Operations, 1 Yr. Growth %	9.65	20.94	37.43	-30.82	-63.62
Net Income, 1 Yr. Growth %	16.89	20.86	37.57	-31.01	-62.89
Diluted EPS Before Extra, 1 Yr. Growth %	72.73	5.26	25	-44	-64.29
Normalized Net Income, 1 Yr. Growth %	14.39	19.94	39.16	-33.79	-48.75
Net Property, Plant and Equip., 1 Yr. Growth %	30.36	5	17.72	17.32	71.87
Inventory, 1 Yr. Growth %	-	-	-	-	19.17
Accounts Receivable, 1 Yr. Growth %	30.19	22.63	6.42	15.34	17.14
Total Assets, 1 Yr. Growth %	34.63	9.2	29.37	5.18	58.74
Tangible Book Value, 1 Yr. Growth %	28.46	12.35	41.83	2.39	-0.93
Cash From Operations, 1 Yr. Growth %	-16.84	46.77	85.92	-37.96	-29.38
Capital Expenditures, 1 Yr. Growth %	3.19K	-45.01	196.99	-33.68	228.46
Levered Free Cash Flow, 1 Yr. Growth %	287.39	-50.55	191	-38.27	274.25
Unlevered Free Cash Flow, 1 Yr. Growth %	543.53	-59.34	263.3	-41.34	317.42
Dividend Per Share, 1 Yr. Growth %	-	-	-	26.98	-78.75
Common Equity, 1 Yr. Growth %	27.87	11.73	47.58	2.59	-1.04
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.88	13.9	16.19	10.7	4.92
Gross Profit, 2 Yr. CAGR %	15.26	15.01	13.93	8.68	-4.82
EBITDA, 2 Yr. CAGR %	1.35	42.94	51.24	-0.63	-1.27
EBITA, 2 Yr. CAGR %	1.35	8.33	16.05	-7.36	-16.89
EBIT, 2 Yr. CAGR %	1.35	7.96	15.73	-7.63	-17.2
Earnings From Cont. Operations, 2 Yr. CAGR %	8.96	15.16	28.92	-2.49	-49.83
Net Income, 2 Yr. CAGR %	46.51	18.85	28.94	-2.58	-49.4
Diluted EPS Before Extra, 2 Yr. CAGR %	64.75	34.84	14.71	-16.33	-55.28
Normalized Net Income, 2 Yr. CAGR %	109.45	17.13	29.19	-7.23	-37.52
Net Property, Plant and Equip., 2 Yr. CAGR %	9.68	16.99	11.18	17.52	42
Inventory, 2 Yr. CAGR %	109.86	-	-	-	-
Accounts Receivable, 2 Yr. CAGR %	29.94	26.35	14.24	10.79	16.24
Total Assets, 2 Yr. CAGR %	11.55	21.25	18.86	16.65	29.21
Common Equity, 2 Yr. CAGR %	35.44	19.53	28.41	23.04	0.76
Tangible Book Value, 2 Yr. CAGR %	36.89	20.13	26.23	20.5	0.72
Cash From Operations, 2 Yr. CAGR %	-32.07	10.48	65.19	7.4	-33.8
Capital Expenditures, 2 Yr. CAGR %	193.73	325.29	27.8	40.34	47.59
Levered Free Cash Flow, 2 Yr. CAGR %	-	38.41	19.96	34.46	50.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	61.76	21.54	46.5	55.15
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-48.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	12.2	12.3	14.86	6.32
Gross Profit, 3 Yr. CAGR %	-	16.96	12.55	12.46	-0.79
EBITDA, 3 Yr. CAGR %	-	28.54	31.24	26.86	1.88
EBITA, 3 Yr. CAGR %	-	6.85	9.99	0.63	-8.85
EBIT, 3 Yr. CAGR %	-	6.6	9.79	0.21	-9.09
Earnings From Cont. Operations, 3 Yr. CAGR %	-	12.81	22.15	4.77	-29.8
Net Income, 3 Yr. CAGR %	-	37.4	24.79	4.68	-29.38
Diluted EPS Before Extra, 3 Yr. CAGR %	-	41.9	31.48	-9.68	-37
Normalized Net Income, 3 Yr. CAGR %	-	73.93	24.06	1.06	-20.24
Net Property, Plant and Equip., 3 Yr. CAGR %	-	8.1	17.23	13.19	33.4
Inventory, 3 Yr. CAGR %	-	-	-	-8.57	-
Accounts Receivable, 3 Yr. CAGR %	-	27.46	19.32	14.61	12.87
Total Assets, 3 Yr. CAGR %	-	10.76	23.9	14.11	29.27
Common Equity, 3 Yr. CAGR %	-	27.02	28.23	19.15	14.42
Tangible Book Value, 3 Yr. CAGR %	-	28.16	26.97	17.72	12.89
Cash From Operations, 3 Yr. CAGR %	-	-12.18	31.41	19.19	-6.6
Capital Expenditures, 3 Yr. CAGR %	-	68.03	277.31	2.7	86.33
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	77.31	-3.67	88.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	111.84	-4.44	106.51
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	11.6	9.29
Gross Profit, 5 Yr. CAGR %	-	-	-	13.57	5.25
EBITDA, 5 Yr. CAGR %	-	-	-	15.96	16.66
EBITA, 5 Yr. CAGR %	-	-	-	0.92	-2.33
EBIT, 5 Yr. CAGR %	-	-	-	0.66	-2.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	6.42	-14.43
Net Income, 5 Yr. CAGR %	-	-	-	19.74	-13.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	14.87	-14.59
Normalized Net Income, 5 Yr. CAGR %	-	-	-	35.26	-6.99
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	11.77	26.57
Inventory, 5 Yr. CAGR %	-	-	-	27.48	-
Accounts Receivable, 5 Yr. CAGR %	-	-	-	20.51	18.08
Total Assets, 5 Yr. CAGR %	-	-	-	13.08	26
Common Equity, 5 Yr. CAGR %	-	-	-	25.41	16.44
Tangible Book Value, 5 Yr. CAGR %	-	-	-	25.04	15.73
Cash From Operations, 5 Yr. CAGR %	-	-	-	-4.82	-0.11
Capital Expenditures, 5 Yr. CAGR %	-	-	-	56.36	159.21
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	66.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	87.29