Cash flow Yongjin Technology Group Co., Ltd.

Equities

603995

CNE100005X56

Iron & Steel

End-of-day quote Shanghai S.E. Other stock markets 2024-09-19			5-day change	1st Jan Change
15.88 ^CNY	+1.86%		+0.13%	-17.42%

Aug. 08	Yongjin Technology Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 28	Yongjin Technology Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: YONGJIN TECHNOLOGY GROUP CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	15.69B	20.29B	31.1B	39.22B	39.47B
Other Revenues, Total	136M	155M	268M	332M	408M
Total Revenues	15.83B	20.44B	31.37B	39.56B	39.87B
Cost of Goods Sold, Total	14.94B	19.39B	29.73B	37.76B	37.98B
Gross Profit	889M	1.06B	1.64B	1.79B	1.9B
Selling General & Admin Expenses, Total	158M	233M	158M	163M	232M
Provision for Bad Debts	1.55M	-1.42M	17.39M	3.71M	4.68M
R&D Expenses	223M	218M	555M	728M	778M
Other Operating Expenses	29.5M	27.12M	37.34M	51M	38.05M
Other Operating Expenses, Total	411M	477M	768M	945M	1.05B
Operating Income	478M	579M	870M	848M	845M
Interest Expense, Total	-21.3M	-26.65M	-48.55M	-88.59M	-105M
Interest And Investment Income	3.84M	33.66M	15.06M	15.61M	20.4M
Net Interest Expenses	-17.46M	7.01M	-33.49M	-72.98M	-84.77M
Currency Exchange Gains (Loss)	-3.82M	1.06M	6.82M	-81.08M	9.25M
Other Non Operating Income (Expenses)	-4.39M	-7.29M	-5.3M	-5.41M	-5.77M
EBT, Excl. Unusual Items	452M	580M	838M	689M	764M
Impairment of Goodwill	-	-	-	-3.43M	-19.26M
Gain (Loss) On Sale Of Investments	224K	440K	1.98M	-13.68M	-523K
Gain (Loss) On Sale Of Assets	-183K	109K	109K	-591K	3.6M
Asset Writedown	-	-8.94K	-12.79K	-	-177K
Insurance Settlements	1.67M	-	55K	-	-
Other Unusual Items	28.37M	31.37M	30.7M	55.68M	30M
EBT, Incl. Unusual Items	482M	612M	871M	727M	777M
Income Tax Expense	94.24M	120M	161M	124M	159M
Earnings From Continuing Operations	388M	491M	710M	603M	618M
Net Income to Company	388M	491M	710M	603M	618M
Minority Interest	-54.89M	-77.04M	-119M	-116M	-165M
Net Income - (IS)	333M	414M	591M	487M	453M
Net Income to Common Incl Extra Items	333M	414M	591M	487M	453M
Net Income to Common Excl. Extra Items	333M	414M	591M	487M	453M
Per Share Items
Net EPS - Basic	1.32	1.24	1.76	1.45	1.23
Basic EPS - Continuing Operations	1.32	1.24	1.76	1.45	1.23
Basic Weighted Average Shares Outstanding	251M	334M	336M	336M	368M
Net EPS - Diluted	1.32	1.23	1.76	1.34	1.12
Diluted EPS - Continuing Operations	1.32	1.23	1.76	1.34	1.12
Diluted Weighted Average Shares Outstanding	251M	338M	336M	363M	404M
Normalized Basic EPS	0.91	0.85	1.21	0.94	0.85
Normalized Diluted EPS	0.91	0.85	1.21	0.87	0.77
Dividend Per Share	0.48	0.48	0.55	0.5	0.5
Payout Ratio	22.18	46.5	35.35	54.58	66.44
Supplemental Items
EBITDA	635M	767M	1.14B	1.21B	1.28B
EBITA	482M	585M	881M	858M	860M
EBIT	478M	579M	870M	848M	845M
EBITDAR	639M	772M	1.14B	1.21B	1.29B
Total Revenues (As Reported)	15.83B	20.44B	31.37B	39.56B	39.87B
Effective Tax Rate - (Ratio)	19.55	19.65	18.51	17.06	20.48
Total Current Taxes	94.39M	120M	167M	121M	164M
Total Deferred Taxes	-149K	-44.13K	-5.66M	2.73M	-5.06M
Normalized Net Income	228M	285M	405M	314M	312M
Interest Capitalized	6.49M	3M	13.93M	40.63M	38.95M
Interest on Long-Term Debt	-	-	14.08M	43.9M	44.09M
Supplemental Operating Expense Items
Selling and Marketing Expenses	111M	173M	26.95M	37.18M	69.24M
General and Administrative Expenses	42.7M	60.22M	131M	126M	162M
Research And Development Expense From Footnotes	223M	219M	556M	728M	778M
Net Rental Expense, Total	4.11M	4.72M	7.98M	9.1M	12.75M
Imputed Operating Lease Interest Expense	1.5M	1.43M	2.42M	3.45M	4.74M
Imputed Operating Lease Depreciation	2.61M	3.29M	5.56M	5.65M	8.01M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	1.45M	21.8M	-2.02M	-7.03M
Total Stock-Based Compensation	-	1.45M	21.8M	-2.02M	-7.03M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.41B	1.28B	1.72B	821M	1.06B
Short Term Investments	300M	-	-	-	-
Trading Asset Securities, Total	224K	15.44M	18.48M	26M	326K
Total Cash And Short Term Investments	1.71B	1.29B	1.74B	847M	1.06B
Accounts Receivable, Total	155M	140M	366M	584M	860M
Other Receivables	91.15M	146M	233M	57.38M	77.8M
Total Receivables	247M	287M	599M	641M	937M
Inventory	511M	711M	1.58B	1.85B	2.3B
Prepaid Expenses	-	-	-	-	7.71M
Other Current Assets, Total	315M	308M	512M	426M	386M
Total Current Assets	2.78B	2.6B	4.43B	3.76B	4.69B
Gross Property Plant And Equipment	2.89B	4.24B	6.18B	7.85B	9.1B
Accumulated Depreciation	-729M	-1.01B	-1.26B	-1.61B	-1.99B
Net Property Plant And Equipment	2.16B	3.24B	4.92B	6.24B	7.11B
Long-term Investments	8.5M	8.5M	8.5M	8.5M	9M
Goodwill	-	-	46.45M	43.42M	50.02M
Other Intangibles, Total	182M	325M	376M	451M	671M
Accounts Receivable Long-Term	-	-	-	-	5.02M
Deferred Tax Assets Long-Term	1.28M	1.31M	7.96M	5.93M	12.61M
Deferred Charges Long-Term	26.62M	740K	4.97M	4.5M	2.43M
Other Long-Term Assets, Total	31.19M	35.64M	70.7M	37.4M	27.88M
Total Assets	5.19B	6.21B	9.87B	10.55B	12.58B
Liabilities
Accounts Payable, Total	633M	570M	1.47B	1.64B	1.88B
Accrued Expenses, Total	29.33M	65.2M	74.34M	79.94M	111M
Short-term Borrowings	371M	430M	435M	909M	998M
Current Portion of Long-Term Debt	25.15M	50M	186M	366M	574M
Current Portion of Leases	28.21M	41.5M	3.77M	19.14M	24.04M
Current Income Taxes Payable	36.28M	58.69M	54.09M	37.15M	51.77M
Unearned Revenue Current, Total	529M	659M	930M	445M	567M
Other Current Liabilities	11.91M	199M	319M	266M	313M
Total Current Liabilities	1.66B	2.07B	3.48B	3.76B	4.51B
Long-Term Debt	175M	285M	1.79B	1.73B	1.54B
Long-Term Leases	85.3M	75.99M	3.9M	19.32M	22.25M
Unearned Revenue Non Current	100M	161M	249M	236M	327M
Deferred Tax Liability Non Current	1.51M	1.5M	1.68M	2.38M	1.47M
Total Liabilities	2.03B	2.6B	5.52B	5.74B	6.41B
Common Stock, Total	231M	233M	233M	338M	381M
Additional Paid In Capital	1.33B	1.36B	1.38B	1.28B	2.38B
Retained Earnings	1.34B	1.59B	2.02B	2.32B	2.58B
Treasury Stock	-	-33.9M	-33.71M	-69.15M	-294M
Comprehensive Income and Other	882K	-4.22M	141M	150M	148M
Total Common Equity	2.9B	3.15B	3.74B	4.01B	5.2B
Minority Interest	266M	463M	609M	792M	978M
Total Equity	3.16B	3.61B	4.35B	4.81B	6.17B
Total Liabilities And Equity	5.19B	6.21B	9.87B	10.55B	12.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	334M	338M	338M	338M	381M
ECS Total Common Shares Outstanding	334M	338M	338M	338M	381M
Book Value / Share	8.66	9.31	11.07	11.88	13.62
Tangible Book Value	2.72B	2.82B	3.32B	3.52B	4.47B
Tangible Book Value Per Share	8.12	8.35	9.82	10.41	11.73
Total Debt	684M	882M	2.41B	3.04B	3.16B
Net Debt	-1.03B	-409M	675M	2.19B	2.1B
Debt Equivalent Oper. Leases	32.87M	37.78M	63.81M	72.78M	102M
Minority Interest, Total (Incl. Fin. Div)	266M	463M	609M	792M	978M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	181M	185M	233M	364M	617M
Inventories - Work In Process, Total	114M	133M	290M	384M	457M
Inventories - Finished Goods, Total	216M	394M	1.08B	1.12B	1.24B
Inventories - Others	-	-	-	-	-
Land - (BS)	-	-	-	72.83M	72.83M
Buildings, Total	649M	1.01B	1.16B	1.56B	2.04B
Machinery, Total	1.55B	2.66B	3.2B	4.5B	5.75B
Full Time Employees	1.42K	2.01K	2.59K	3.04K	3.36K
Assets under Capital Lease - Gross	165M	101M	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-34.3M	-4.78M	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	7.32M	6.77M	20.55M	32.11M	52.48M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	333M	414M	591M	487M	453M
Depreciation & Amortization - CF	153M	182M	257M	351M	426M
Amortization of Goodwill and Intangible Assets - (CF)	4.52M	5.72M	10.88M	10.25M	14.91M
Depreciation & Amortization, Total	157M	188M	268M	361M	441M
Amortization of Deferred Charges, Total - (CF)	1.31M	-	418K	3.55M	4.16M
(Gain) Loss From Sale Of Asset	41.73K	-109K	-109K	591K	-3.6M
(Gain) Loss on Sale of Investments - (CF)	-831K	-15.34M	-6.94M	11.71M	39.64K
Asset Writedown & Restructuring Costs	1.99M	8.94K	12.79K	3.43M	19.52M
Provision and Write-off of Bad Debts	-	-1.42M	17.39M	3.71M	4.6M
Other Operating Activities, Total	78.2M	95.07M	182M	304M	275M
Change In Accounts Receivable	-593M	-123M	-646M	17.58M	-180M
Change In Inventories	-62.95M	-202M	-905M	-307M	-473M
Change In Accounts Payable	474M	407M	1.31B	-255M	378M
Change In Deferred Taxes	-149K	-44.13K	-6.46M	2.73M	-5.06M
Change in Other Net Operating Assets	-	-	21.8M	-2.02M	-7.03M
Cash from Operations	389M	762M	826M	631M	906M
Capital Expenditure	-331M	-654M	-1.75B	-1.68B	-1.34B
Sale of Property, Plant, and Equipment	111K	196K	590K	879K	28.98M
Cash Acquisitions	-	-293M	-91.5M	2.07M	-74.03M
Investment in Marketable and Equity Securities, Total	-300M	285M	-1.5M	-21.56M	29.54M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	2.14M
Other Investing Activities, Total	1.24M	85.45M	80.56M	38.88M	4.19M
Cash from Investing	-630M	-577M	-1.76B	-1.66B	-1.35B
Long-Term Debt Issued, Total	739M	866M	2.45B	1.53B	1.96B
Total Debt Issued	739M	866M	2.45B	1.53B	1.96B
Long-Term Debt Repaid, Total	-592M	-662M	-805M	-986M	-2.07B
Total Debt Repaid	-592M	-662M	-805M	-986M	-2.07B
Issuance of Common Stock	1.3B	33.9M	1.63M	-	1.19B
Repurchase of Common Stock	-	-	-96.18K	-50.1M	-244M
Common Dividends Paid	-73.84M	-193M	-209M	-266M	-301M
Common & Preferred Stock Dividends Paid	-73.84M	-193M	-209M	-266M	-301M
Other Financing Activities, Total	-176M	-391M	-45.73M	26.21M	-66.87M
Cash from Financing	1.2B	-346M	1.39B	253M	468M
Foreign Exchange Rate Adjustments	-2.61M	-5.97M	4.68M	-71.95M	6.36M
Net Change in Cash	952M	-166M	464M	-848M	26.99M
Supplemental Items
Cash Interest Paid	-	-	11.82M	11.81M	5.57M
Cash Income Tax Paid (Refund)	223M	143M	275M	321M	319M
Levered Free Cash Flow	195M	-41.25M	-1.03B	-1.45B	-706M
Unlevered Free Cash Flow	208M	-24.59M	-1B	-1.4B	-640M
Change In Net Working Capital	-82.55M	-78.39M	88.96M	609M	262M
Net Debt Issued / Repaid	147M	204M	1.65B	542M	-111M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.27	6.35	6.77	5.19	4.57
Return on Total Capital	9.85	8.68	9.66	7.25	6.15
Return On Equity %	16.01	14.51	17.83	13.16	11.26
Return on Common Equity	15.34	13.71	17.16	12.55	9.84
Margin Analysis
Gross Profit Margin %	5.62	5.16	5.22	4.53	4.76
SG&A Margin	1	1.14	0.5	0.41	0.58
EBITDA Margin %	4.01	3.75	3.62	3.05	3.21
EBITA Margin %	3.05	2.86	2.81	2.17	2.16
EBIT Margin %	3.02	2.83	2.77	2.14	2.12
Income From Continuing Operations Margin %	2.45	2.4	2.26	1.52	1.55
Net Income Margin %	2.1	2.03	1.88	1.23	1.14
Net Avail. For Common Margin %	2.1	2.03	1.88	1.23	1.14
Normalized Net Income Margin	1.44	1.4	1.29	0.79	0.78
Levered Free Cash Flow Margin	1.23	-0.2	-3.29	-3.67	-1.77
Unlevered Free Cash Flow Margin	1.32	-0.12	-3.19	-3.53	-1.6
Asset Turnover
Asset Turnover	3.86	3.59	3.9	3.87	3.45
Fixed Assets Turnover