HANGZHOU SF INTRA-CITY INDUSTRIAL CO., LTD.

Income Statement Hangzhou SF Intra-city Industrial Co., Ltd.

Equities

9699

CNE100004SP7

Air Freight & Logistics

Market Closed - Hong Kong S.E. Other stock markets 09:08:35 18/07/2025 BST			5-day change	1st Jan Change
16.80 ^HKD	+3.19%		+1.69%	+80.84%

07-03	Jefferies Adjusts Hangzhou SF Intra-city Industrial's Price Target to HK$22 From HK$20, Keeps at Buy	MT
06-23	Hangzhou SF Intra-city Reappoints Chairman	MT

d38635007280d9eac08d447fbfc4cc.fRxamUum4DZsQGSQk2CEy-9chzUdgVkKbmIpYIptvLI.Oi4iyAqW1lArGhbz2lm1oLBo8Fl6-D1rLRNQGsY51PgFZAPBHdOjYzwGDw

Published financial data: HANGZHOU SF INTRA-CITY INDUSTRIAL CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.84B	8.17B	10.27B	12.39B	15.75B
Total Revenues	4.84B	8.17B	10.27B	12.39B	15.75B
Cost of Goods Sold, Total	5.03B	8.08B	9.85B	11.59B	14.67B
Gross Profit	-189M	94.81M	413M	795M	1.07B
Selling General & Admin Expenses, Total	529M	925M	711M	730M	871M
Provision for Bad Debts	375K	4.06M	1.98M	3.59M	3.07M
R&D Expenses	69.37M	123M	96.56M	91.72M	108M
Other Operating Expenses	-15.7M	-32.89M	-45.97M	-34.06M	-7.12M
Other Operating Expenses, Total	583M	1.02B	764M	791M	975M
Operating Income	-772M	-925M	-350M	3.46M	96.58M
Interest Expense, Total	-17.93M	-7.63M	-2.61M	-1.3M	-783K
Interest And Investment Income	5.04M	21.74M	45.01M	41.42M	29.36M
Net Interest Expenses	-12.89M	14.11M	42.4M	40.13M	28.58M
Income (Loss) On Equity Invest.	-	-	-	3.31M	-899K
Currency Exchange Gains (Loss)	781K	8.72M	6.21M	-1.06M	556K
Other Non Operating Income (Expenses)	-475K	-416K	10K	-157K	-46K
EBT, Excl. Unusual Items	-784M	-903M	-302M	45.68M	125M
Gain (Loss) On Sale Of Investments	-	84K	12.88M	16.92M	19.63M
Gain (Loss) On Sale Of Assets	-14K	206K	-63K	-4K	-86K
Other Unusual Items	-	-	-	-	657K
EBT, Incl. Unusual Items	-784M	-903M	-289M	62.59M	145M
Income Tax Expense	-26.51M	-3.74M	-1.94M	-2.27M	12.5M
Earnings From Continuing Operations	-758M	-899M	-287M	64.86M	132M
Earnings Of Discontinued Operations	-	-	-	-14.26M	-
Net Income to Company	-758M	-899M	-287M	50.6M	132M
Net Income - (IS)	-758M	-899M	-287M	50.6M	132M
Net Income to Common Incl Extra Items	-758M	-899M	-287M	50.6M	132M
Net Income to Common Excl. Extra Items	-758M	-899M	-287M	64.86M	132M
Per Share Items
Net EPS - Basic	-1.6	-1.28	-0.31	0.05	0.15
Basic EPS - Continuing Operations	-1.6	-1.28	-0.31	0.07	0.15
Basic Weighted Average Shares Outstanding	474M	702M	933M	931M	912M
Net EPS - Diluted	-1.6	-1.28	-0.31	0.05	0.15
Diluted EPS - Continuing Operations	-1.6	-1.28	-0.31	0.07	0.15
Diluted Weighted Average Shares Outstanding	474M	702M	933M	932M	913M
Normalized Basic EPS	-1.03	-0.8	-0.2	0.03	0.09
Normalized Diluted EPS	-1.03	-0.8	-0.2	0.03	0.09
Supplemental Items
EBITDA	-768M	-918M	-342M	11.62M	103M
EBITA	-772M	-925M	-350M	3.46M	96.58M
EBIT	-772M	-925M	-350M	3.46M	96.58M
EBITDAR	-	-	-	17.89M	109M
Effective Tax Rate - (Ratio)	3.38	0.41	0.67	-3.62	8.62
Current Domestic Taxes	-610K	-	-	12.54M	1.57M
Total Current Taxes	-610K	-	-	12.54M	1.57M
Deferred Domestic Taxes	-25.9M	-3.74M	-1.94M	-14.81M	10.94M
Total Deferred Taxes	-25.9M	-3.74M	-1.94M	-14.81M	10.94M
Normalized Net Income	-490M	-564M	-189M	28.55M	77.98M
Interest on Long-Term Debt	1.23M	2.01M	2.61M	1.3M	783K
Supplemental Operating Expense Items
Marketing Expenses	30.22M	134M	39.51M	71.2M	76.8M
Selling and Marketing Expenses	111M	270M	202M	213M	234M
General and Administrative Expenses	418M	655M	509M	517M	637M
Research And Development Expense From Footnotes	69.37M	123M	96.56M	91.72M	108M
Net Rental Expense, Total	-	-	-	6.28M	6.1M
Imputed Operating Lease Interest Expense	-	-	-	2.02M	1.76M
Imputed Operating Lease Depreciation	-	-	-	4.26M	4.34M
Stock-Based Comp., Other (Total)	153M	231M	-	6.8M	13.39M
Total Stock-Based Compensation	153M	231M	-	6.8M	13.39M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	263M	2.54B	1.46B	1.9B	1.37B
Trading Asset Securities, Total	-	330M	602M	517M	1.12B
Total Cash And Short Term Investments	263M	2.87B	2.06B	2.42B	2.49B
Accounts Receivable, Total	678M	764M	1.09B	1.2B	1.66B
Other Receivables	120M	124M	183M	130M	84.03M
Notes Receivable	-	-	-	-	-
Total Receivables	798M	888M	1.28B	1.32B	1.74B
Inventory	6.82M	4.2M	15.58M	6.85M	7.51M
Prepaid Expenses	583K	2.1M	4.02M	4.53M	1.98M
Other Current Assets, Total	18.16M	70.25M	69.15M	26.07M	32.25M
Total Current Assets	1.09B	3.83B	3.43B	3.78B	4.27B
Gross Property Plant And Equipment	66.12M	96.85M	127M	143M	169M
Accumulated Depreciation	-18.78M	-42.33M	-72.18M	-108M	-127M
Net Property Plant And Equipment	47.34M	54.53M	54.9M	35.4M	41.35M
Long-term Investments	3M	3M	289M	84.38M	84.06M
Other Intangibles, Total	136M	174M	187M	138M	123M
Deferred Tax Assets Long-Term	140M	144M	146M	161M	150M
Other Long-Term Assets, Total	-	-	416K	193K	163K
Total Assets	1.41B	4.21B	4.1B	4.2B	4.67B
Liabilities
Accounts Payable, Total	372M	488M	617M	703M	1.03B
Accrued Expenses, Total	117M	190M	195M	198M	305M
Short-term Borrowings	367M	-	-	-	-
Current Portion of Leases	10.71M	16.65M	23.22M	12.41M	10.34M
Current Income Taxes Payable	-	-	-	3.67M	170K
Unearned Revenue Current, Total	21.85M	34.49M	46.66M	70.35M	88.34M
Other Current Liabilities	134M	150M	187M	220M	267M
Total Current Liabilities	1.02B	879M	1.07B	1.21B	1.7B
Long-Term Leases	25.71M	20.5M	17.31M	11.48M	9.14M
Total Liabilities	1.05B	899M	1.09B	1.22B	1.71B
Common Stock, Total	587M	933M	933M	933M	917M
Additional Paid In Capital	897M	4.16B	4.16B	4.16B	4.02B
Retained Earnings	-1.72B	-2.62B	-2.9B	-2.85B	-2.72B
Treasury Stock	-	-	-	-39.28M	-33.56M
Comprehensive Income and Other	600M	831M	825M	779M	776M
Total Common Equity	365M	3.31B	3.02B	2.98B	2.96B
Total Equity	365M	3.31B	3.02B	2.98B	2.96B
Total Liabilities And Equity	1.41B	4.21B	4.1B	4.2B	4.67B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	587M	933M	933M	929M	914M
ECS Total Common Shares Outstanding	587M	933M	933M	929M	914M
Book Value / Share	0.62	3.55	3.23	3.21	3.24
Tangible Book Value	230M	3.14B	2.83B	2.84B	2.84B
Tangible Book Value Per Share	0.39	3.36	3.03	3.06	3.1
Total Debt	404M	37.16M	40.54M	23.89M	19.48M
Net Debt	140M	-2.83B	-2.02B	-2.39B	-2.47B
Debt Equivalent Oper. Leases	-	-	-	50.2M	48.84M
Equity Method Investments, Total	-	-	15M	28.38M	27.48M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	6.82M	4.2M	15.58M	6.85M	7.51M
Machinery, Total	18.72M	31.66M	37.8M	43.34M	59.25M
Full Time Employees	-	2.08K	2.18K	2.04K	2.05K
Accumulated Allowance for Doubtful Accounts (Supple)	2M	2.6M	2.85M	2.8M	3.55M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-758M	-899M	-287M	50.6M	132M
Depreciation & Amortization - CF	12.21M	23.55M	29.85M	35.34M	19.76M
Depreciation & Amortization, Total	12.21M	23.55M	29.85M	35.34M	19.76M
Amortization of Deferred Charges, Total - (CF)	33.82M	47.88M	70.61M	44.29M	42.22M
(Gain) Loss From Sale Of Asset	-	-206K	63K	1K	86K
(Gain) Loss on Sale of Investments - (CF)	850K	4.39M	-12.88M	-13.25M	-16.51M
(Income) Loss On Equity Investments - (CF)	-	-	-	-3.31M	899K
Stock-Based Compensation (CF)	153M	231M	-	6.8M	13.39M
Provision and Write-off of Bad Debts	-	-	1.98M	-	-
Net Cash From Discontinued Operations	-	-	-	-14.26M	-
Other Operating Activities, Total	-11.33M	211K	-769K	4.52M	7.56M
Change In Accounts Receivable	-245M	-151M	-406M	-66.42M	-426M
Change In Inventories	-6.82M	2.62M	-11.37M	8.72M	-659K
Change In Accounts Payable	258M	208M	200M	214M	497M
Change in Other Net Operating Assets	-	-	-	-908K	2.15M
Cash from Operations	-563M	-532M	-415M	266M	272M
Capital Expenditure	-8.42M	-17.11M	-9.35M	-7.81M	-15.42M
Sale of Property, Plant, and Equipment	268K	1.33M	233K	106K	538K
Cash Acquisitions	-	-	-	-	6.08M
Divestitures	-	-	-	55.67M	-
Sale (Purchase) of Intangible assets	-67.32M	-72.99M	-99.21M	-61.18M	-32.31M
Investment in Marketable and Equity Securities, Total	-3M	-330M	-536M	308M	-603M
Other Investing Activities, Total	50.06M	3.68M	-	-	-
Cash from Investing	-28.42M	-415M	-644M	295M	-644M
Short Term Debt Issued, Total	855M	41.92M	-	-	-
Total Debt Issued	855M	41.92M	-	-	-
Short Term Debt Repaid, Total	-1.05B	-409M	-	-	-
Long-Term Debt Repaid, Total	-11.03M	-19.07M	-21.9M	-28.4M	-14.34M
Total Debt Repaid	-1.07B	-428M	-21.9M	-28.4M	-14.34M
Issuance of Common Stock	1.09B	3.67B	-	-	-
Repurchase of Common Stock	-	-	-	-91.65M	-144M
Other Financing Activities, Total	-92.39M	-63.26M	-	-	-
Cash from Financing	784M	3.22B	-21.9M	-120M	-159M
Foreign Exchange Rate Adjustments	-	2.34M	580K	-148K	579K
Net Change in Cash	192M	2.27B	-1.08B	441M	-530M
Supplemental Items
Cash Interest Paid	17.39M	5.62M	-	-	-
Cash Income Tax Paid (Refund)	685K	-	-	8.88M	5.06M
Levered Free Cash Flow	-391M	-294M	-444M	170M	159M
Unlevered Free Cash Flow	-380M	-289M	-443M	170M	159M
Change In Net Working Capital	20.74M	-76.27M	216M	-151M	-71.07M
Net Debt Issued / Repaid	-210M	-386M	-21.9M	-28.4M	-14.34M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-41	-20.57	-5.27	0.05	1.36
Return on Total Capital	-77.44	-28.1	-6.84	0.07	2.02
Return On Equity %	-608.39	-48.92	-9.07	2.16	4.46
Return on Common Equity	-608.39	-48.92	-9.07	2.16	4.46
Margin Analysis
Gross Profit Margin %	-3.89	1.16	4.03	6.42	6.8
SG&A Margin	10.92	11.32	6.93	5.89	5.53
EBITDA Margin %	-15.86	-11.23	-3.33	0.09	0.65
EBITA Margin %	-15.93	-11.32	-3.41	0.03	0.61
EBIT Margin %	-15.93	-11.32	-3.41	0.03	0.61
Income From Continuing Operations Margin %	-15.64	-11	-2.79	0.52	0.84
Net Income Margin %	-15.64	-11	-2.79	0.41	0.84
Net Avail. For Common Margin %	-15.64	-11	-2.79	0.52	0.84
Normalized Net Income Margin	-10.12	-6.9	-1.84	0.23	0.5
Levered Free Cash Flow Margin	-8.08	-3.6	-4.33	1.37	1.01
Unlevered Free Cash Flow Margin	-7.85	-3.54	-4.31	1.38	1.01
Asset Turnover
Asset Turnover	4.12	2.91	2.47	2.98	3.55
Fixed Assets Turnover	125.02	160.49	187.62	274.35	410.33
Receivables Turnover (Average Receivables)	8.93	11.33	11.06	10.83	11.03
Inventory Turnover (Average Inventory)	-	1.47K	996.24	1.03K	2.04K
Short Term Liquidity
Current Ratio	1.06	4.36	3.2	3.13	2.51
Quick Ratio	1.04	4.27	3.12	3.1	2.49
Operating Cash Flow to Current Liabilities	-0.55	-0.61	-0.39	0.22	0.16
Days Sales Outstanding (Average Receivables)	40.98	32.21	33.01	33.7	33.19
Days Outstanding Inventory (Average Inventory)	-	0.25	0.37	0.35	0.18
Average Days Payable Outstanding	-	19.42	20.44	20.79	21.61
Cash Conversion Cycle (Average Days)	-	13.03	12.93	13.26	11.76
Long Term Solvency
Total Debt/Equity	110.41	1.12	1.34	0.8	0.66
Total Debt / Total Capital	52.47	1.11	1.33	0.8	0.65
LT Debt/Equity	7.04	0.62	0.57	0.39	0.31
Long-Term Debt / Total Capital	3.34	0.61	0.57	0.38	0.31
Total Liabilities / Total Assets	74.15	21.37	26.47	29.02	36.6
EBIT / Interest Expense	-43.04	-121.27	-134.42	2.67	123.34
EBITDA / Interest Expense	-42.36	-118.18	-122.96	29.94	148.58
(EBITDA - Capex) / Interest Expense	-42.83	-120.43	-126.55	23.91	128.88
Total Debt / EBITDA	-0.53	-0.04	-0.13	0.62	0.17
Net Debt / EBITDA	-0.18	3.14	6.31	-61.71	-21.2
Total Debt / (EBITDA - Capex)	-0.53	-0.04	-0.12	0.77	0.19
Net Debt / (EBITDA - Capex)	-0.18	3.08	6.13	-77.27	-24.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	129.87	68.77	25.58	21.1	27.11
Gross Profit, 1 Yr. Growth %	-43.93	-150.29	335.99	93.5	34.82
EBITDA, 1 Yr. Growth %	34.19	19.45	-62.71	-103.96	775.3
EBITA, 1 Yr. Growth %	34.31	19.92	-62.14	-101.15	2.61K
EBIT, 1 Yr. Growth %	34.31	19.92	-62.14	-101.15	2.61K
Earnings From Cont. Operations, 1 Yr. Growth %	61.28	18.63	-68.08	-127.29	104.23
Net Income, 1 Yr. Growth %	61.28	18.63	-68.08	-117.63	161.8
Normalized Net Income, 1 Yr. Growth %	34.46	15.14	-66.59	-118.09	172.56
Diluted EPS Before Extra, 1 Yr. Growth %	-8.74	-19.88	-76.01	-127.35	108.64
Accounts Receivable, 1 Yr. Growth %	66.96	12.67	42.95	9.4	38.93
Inventory, 1 Yr. Growth %	-	-38.38	270.68	-56	9.61
Net Property, Plant and Equip., 1 Yr. Growth %	57.05	15.19	0.69	-35.52	16.8
Total Assets, 1 Yr. Growth %	50.56	197.76	-2.52	2.36	11.19
Tangible Book Value, 1 Yr. Growth %	-205.03	1.27K	-9.75	0.46	-0.17
Common Equity, 1 Yr. Growth %	-414.01	805.55	-8.85	-1.18	-0.69
Cash From Operations, 1 Yr. Growth %	-14.1	-5.56	-22.07	-164.21	2.12
Capital Expenditures, 1 Yr. Growth %	199.72	103.2	-45.33	-16.45	97.36
Levered Free Cash Flow, 1 Yr. Growth %	-65.95	-24.84	51.07	-141	-6.49
Unlevered Free Cash Flow, 1 Yr. Growth %	-66.74	-23.87	53	-141.36	-6.65
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	120.82	96.96	45.58	23.1	24.07
Gross Profit, 2 Yr. CAGR %	-9.74	-46.9	48.08	189.53	61.52
EBITDA, 2 Yr. CAGR %	46	26.61	-33.26	-88.75	-40.86
EBITA, 2 Yr. CAGR %	46.08	26.91	-32.62	-93.89	-43.37
EBIT, 2 Yr. CAGR %	46.08	26.91	-32.62	-93.89	-43.37
Earnings From Cont. Operations, 2 Yr. CAGR %	51.89	38.32	-38.46	-73.14	-25.34
Net Income, 2 Yr. CAGR %	51.89	38.32	-38.46	-76.27	-32.05
Normalized Net Income, 2 Yr. CAGR %	47.27	24.43	-37.98	-77.51	-29.71
Diluted EPS Before Extra, 2 Yr. CAGR %	14.01	-14.49	-56.16	-76.69	-24.46
Accounts Receivable, 2 Yr. CAGR %	105.05	37.15	26.91	25.05	23.28
Inventory, 2 Yr. CAGR %	-	-	51.14	27.72	-30.55
Net Property, Plant and Equip., 2 Yr. CAGR %	241.25	34.5	7.69	-19.42	-13.22
Total Assets, 2 Yr. CAGR %	152.14	111.73	70.37	-0.11	6.69
Tangible Book Value, 2 Yr. CAGR %	-37.55	278.66	251.01	-4.78	0.14
Common Equity, 2 Yr. CAGR %	-17.12	433.24	187.3	-5.09	-0.93
Cash From Operations, 2 Yr. CAGR %	23.99	-9.93	-14.21	-29.26	-19.02
Capital Expenditures, 2 Yr. CAGR %	63.28	146.78	5.4	-32.42	28.41
Levered Free Cash Flow, 2 Yr. CAGR %	-	-49.41	6.56	-24.07	-38.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-49.68	7.92	-23.26	-37.85
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	101.89	69.52	36.76	24.43
Gross Profit, 3 Yr. CAGR %	-	-25.72	7.13	61.55	124.41
EBITDA, 3 Yr. CAGR %	-	36.56	-15.76	-75.27	-51.84
EBITA, 3 Yr. CAGR %	-	36.78	-15.2	-83.51	-52.92
EBIT, 3 Yr. CAGR %	-	36.78	-15.2	-83.51	-52.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-	39.88	-15.16	-55.93	-47.18
Net Income, 3 Yr. CAGR %	-	39.88	-15.16	-59.43	-47.18
Normalized Net Income, 3 Yr. CAGR %	-	35.67	-19.73	-61.24	-48.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-	1.36	-44.02	-64.82	-51.59
Accounts Receivable, 3 Yr. CAGR %	-	67.95	39.06	20.78	29.51
Inventory, 3 Yr. CAGR %	-	-	-	0.17	21.37
Net Property, Plant and Equip., 3 Yr. CAGR %	-	137.6	22.13	-9.23	-8.81
Total Assets, 3 Yr. CAGR %	-	166.51	63.49	43.76	3.52
Tangible Book Value, 3 Yr. CAGR %	-	74.61	134.77	131.32	-3.27
Common Equity, 3 Yr. CAGR %	-	83.91	195.94	101.3	-3.65
Cash From Operations, 3 Yr. CAGR %	-	13.23	-14.17	-22.11	-20.05
Capital Expenditures, 3 Yr. CAGR %	-	75.63	49.33	-2.46	-3.4
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-27.15	-24.32	-18.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-27.1	-23.47	-18.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	65.65	49.52
Gross Profit, 5 Yr. CAGR %	-	-	-	27.99	26.09
EBITDA, 5 Yr. CAGR %	-	-	-	-49.69	-29.11
EBITA, 5 Yr. CAGR %	-	-	-	-60.54	-30
EBIT, 5 Yr. CAGR %	-	-	-	-60.54	-30
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-27.7	-22.37
Net Income, 5 Yr. CAGR %	-	-	-	-31.21	-22.37
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-33.88	-26.54
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-43.69	-39.22
Accounts Receivable, 5 Yr. CAGR %	-	-	-	49.26	32.52
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	54.17	6.53
Total Assets, 5 Yr. CAGR %	-	-	-	79.99	37.83
Tangible Book Value, 5 Yr. CAGR %	-	-	-	37.01	66.97
Common Equity, 5 Yr. CAGR %	-	-	-	41.15	91.03
Cash From Operations, 5 Yr. CAGR %	-	-	-	-6.19	-16.15
Capital Expenditures, 5 Yr. CAGR %	-	-	-	19.86	40.58
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-32.7
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-32.59