Balance Sheet Jiangxi Copper Company Limited

Equities

358 CNE1000003K3

Specialty Mining & Metals

Market Closed - Hong Kong S.E. Other stock markets 09:08:32 05/09/2024 BST			5-day change	1st Jan Change
12.36 ^HKD	-0.80%		-6.08%	+11.96%

08-29	Jiangxi Copper H1 Profit Up 8%, Operating Income Rises 2%	MT
08-28	Jiangxi Copper Company Limited Appoints Yu Minxin as Member of the Environmental, Social and Governance Development Committee	CI

4a9d4d244a658c18.799bWmUR0exBl49nnqFM5V0VIWLuaBE_AQIe6oCGk60.lZkKDx9d46EA3-wNp-Ij1m0tDBeDWChMYlpPhtjV3dmGvjEFN3WwhhvNwg

Published financial data: JIANGXI COPPER COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	240B	318B	441B	478B	520B
Other Revenues, Total	774M	1.04B	1.58B	1.61B	2.22B
Total Revenues	240B	319B	443B	480B	522B
Cost of Goods Sold, Total	231B	308B	426B	467B	509B
Gross Profit	8.99B	10.71B	16.75B	13.25B	13.27B
Selling General & Admin Expenses, Total	2.24B	2.07B	2.68B	2.76B	2.83B
Provision for Bad Debts	523M	669M	148M	194M	-21.77M
R&D Expenses	586M	661M	874M	903M	1.02B
Impairment of Oil, Gas & Mineral Properties - (IS)	12.01M	17.69M	48.23M	-	-
Other Operating Expenses	860M	913M	1.12B	1.54B	1.55B
Other Operating Expenses, Total	4.22B	4.33B	4.87B	5.39B	5.37B
Operating Income	4.77B	6.38B	11.88B	7.86B	7.9B
Interest Expense, Total	-1.91B	-1.96B	-2.03B	-1.98B	-2.34B
Interest And Investment Income	1.71B	888M	815M	2.29B	2.34B
Net Interest Expenses	-197M	-1.07B	-1.22B	310M	863K
Currency Exchange Gains (Loss)	-9.52M	-125M	6.82M	238M	172M
Other Non Operating Income (Expenses)	-889M	-510M	-400M	-143M	-263M
EBT, Excl. Unusual Items	3.67B	4.67B	10.27B	8.26B	7.81B
Gain (Loss) On Sale Of Investments	-526M	-936M	-1.97B	-797M	343M
Gain (Loss) On Sale Of Assets	7.16M	-76.74M	40.06M	8.25M	15.38M
Asset Writedown	-218M	-516M	-1.22B	-277M	-257M
Other Unusual Items	223M	197M	188M	295M	472M
EBT, Incl. Unusual Items	3.16B	3.34B	7.3B	7.49B	8.38B
Income Tax Expense	982M	893M	1.39B	1.4B	1.4B
Earnings From Continuing Operations	2.18B	2.44B	5.91B	6.09B	6.98B
Net Income to Company	2.18B	2.44B	5.91B	6.09B	6.98B
Minority Interest	288M	-123M	-278M	-94.87M	-470M
Net Income - (IS)	2.47B	2.32B	5.64B	5.99B	6.51B
Net Income to Common Incl Extra Items	2.47B	2.32B	5.64B	5.99B	6.51B
Net Income to Common Excl. Extra Items	2.47B	2.32B	5.64B	5.99B	6.51B
Per Share Items
Net EPS - Basic	0.71	0.67	1.63	1.73	1.88
Basic EPS - Continuing Operations	0.71	0.67	1.63	1.73	1.88
Basic Weighted Average Shares Outstanding	3.46B	3.46B	3.46B	3.46B	3.46B
Net EPS - Diluted	0.71	0.67	1.63	1.73	1.88
Diluted EPS - Continuing Operations	0.71	0.67	1.63	1.73	1.88
Diluted Weighted Average Shares Outstanding	3.46B	3.46B	3.46B	3.46B	3.46B
Normalized Basic EPS	0.75	0.81	1.77	1.46	1.27
Normalized Diluted EPS	0.75	0.81	1.77	1.46	1.27
Dividend Per Share	0.1	0.1	0.5	0.5	0.6
Payout Ratio	117.51	91.92	26.7	41.17	54.84
American Depositary Receipts Ratio (ADR)	40	40	40	40	40
Supplemental Items
EBITDA	6.93B	8.91B	14.47B	10.37B	10.53B
EBITA	4.93B	6.66B	12.24B	8.19B	8.24B
EBIT	4.77B	6.38B	11.88B	7.86B	7.9B
EBITDAR	7.01B	9B	14.59B	10.51B	10.66B
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	31.08	26.75	19	18.73	16.76
Current Domestic Taxes	849M	902M	1.67B	1.4B	-
Total Current Taxes	849M	902M	1.67B	1.4B	1.51B
Deferred Domestic Taxes	133M	-9.43M	-279M	2.39M	-
Total Deferred Taxes	133M	-9.43M	-279M	2.39M	-96.68M
Normalized Net Income	2.58B	2.79B	6.14B	5.07B	4.41B
Interest Capitalized	-	-	-	-	78.3M
Interest on Long-Term Debt	40.53M	35.64M	49.12M	135M	158M
Supplemental Operating Expense Items
Selling and Marketing Expenses	683M	269M	367M	439M	358M
General and Administrative Expenses	1.56B	1.8B	2.31B	2.32B	2.47B
Research And Development Expense From Footnotes	3.36B	3.74B	4.52B	5.08B	1.02B
Net Rental Expense, Total	81.07M	97.35M	119M	148M	124M
Imputed Operating Lease Interest Expense	28.78M	29.71M	36.74M	43.45M	43.89M
Imputed Operating Lease Depreciation	52.3M	67.64M	81.98M	105M	80.35M
Maintenance & Repair Expenses, Total	238M	233M	486M	321M	91.51M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	29.75B	25.03B	34.83B	32.1B	35.62B
Short Term Investments	48.72M	600M	918M	3.15B	1.81B
Trading Asset Securities, Total	5.69B	1.33B	3.21B	3.25B	5.37B
Total Cash And Short Term Investments	35.49B	26.96B	38.96B	38.5B	42.8B
Accounts Receivable, Total	8.67B	7.72B	8.26B	6.9B	6.45B
Other Receivables	1.26B	3.06B	3.68B	4.57B	939M
Notes Receivable	1.41B	1.7B	1.6B	1.98B	2.03B
Total Receivables	11.34B	12.48B	13.53B	13.45B	9.42B
Inventory	26.92B	32.69B	36.98B	38.06B	40.54B
Other Current Assets, Total	10.29B	5.98B	3.77B	6.68B	9.26B
Total Current Assets	84.05B	78.11B	93.24B	96.69B	102B
Gross Property Plant And Equipment	47.39B	47.74B	48.25B	51.23B	58.7B
Accumulated Depreciation	-19.16B	-20.94B	-21.89B	-23.3B	-24.69B
Net Property Plant And Equipment	28.23B	26.8B	26.36B	27.93B	34.02B
Long-term Investments	15.14B	24.22B	29.84B	26.11B	15.33B
Goodwill	1.27B	1.27B	1.3B	1.3B	1.33B
Other Intangibles, Total	4.15B	8.03B	7.67B	7.44B	7.41B
Loans Receivable Long-Term	-	-	141M	557M	321M
Deferred Tax Assets Long-Term	490M	486M	707M	695M	725M
Other Long-Term Assets, Total	1.59B	1.97B	1.78B	6.61B	7B
Total Assets	135B	141B	161B	167B	168B
Liabilities
Accounts Payable, Total	12.54B	10.12B	11.17B	13.83B	14.97B
Accrued Expenses, Total	1.54B	1.93B	3.29B	3.2B	3.31B
Short-term Borrowings	42.12B	33.77B	33.48B	35.67B	36.06B
Current Portion of Long-Term Debt	3.11B	262M	5.52B	6.92B	1.39B
Current Portion of Leases	436M	361M	342M	274M	263M
Current Income Taxes Payable	607M	825M	1.25B	1.09B	1.06B
Unearned Revenue Current, Total	2.42B	1.54B	2.25B	1.18B	1.46B
Other Current Liabilities	5.61B	7.47B	9.93B	11.04B	11.79B
Total Current Liabilities	68.38B	56.27B	67.23B	73.21B	70.3B
Long-Term Debt	5.77B	15.91B	14.55B	10.75B	18.64B
Long-Term Leases	554M	566M	199M	140M	592M
Unearned Revenue Non Current	578M	525M	459M	477M	445M
Deferred Tax Liability Non Current	328M	372M	340M	330M	263M
Other Non Current Liabilities	272M	375M	445M	476M	1.16B
Total Liabilities	75.88B	74.02B	83.22B	85.38B	91.4B
Common Stock, Total	3.46B	3.46B	3.46B	3.46B	3.46B
Additional Paid In Capital	11.66B	11.13B	11.24B	11.16B	11.15B
Retained Earnings	35.91B	37.88B	43.17B	47.44B	52.21B
Comprehensive Income and Other	1.71B	7.44B	11.92B	11.46B	601M
Total Common Equity	52.75B	59.91B	69.8B	73.52B	67.42B
Minority Interest	6.29B	6.95B	8.01B	8.43B	9.33B
Total Equity	59.03B	66.86B	77.81B	81.95B	76.75B
Total Liabilities And Equity	135B	141B	161B	167B	168B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.46B	3.46B	3.46B	3.46B	3.46B
ECS Total Common Shares Outstanding	3.46B	3.46B	3.46B	3.46B	3.46B
Book Value / Share	15.23	17.3	20.16	21.23	19.47
Tangible Book Value	47.33B	50.62B	60.84B	64.78B	58.69B
Tangible Book Value Per Share	13.67	14.62	17.57	18.71	16.95
Total Debt	51.99B	50.87B	54.09B	53.76B	56.95B
Net Debt	16.5B	23.91B	15.13B	15.26B	14.15B
Debt Equivalent Oper. Leases	649M	779M	950M	1.18B	994M
Minority Interest, Total (Incl. Fin. Div)	6.29B	6.95B	8.01B	8.43B	9.33B
Equity Method Investments, Total	4.49B	4.61B	5.06B	5.11B	4.81B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	11.45B	12B	14.2B	14.98B	16.4B
Inventories - Work In Process, Total	8.53B	10.84B	13.38B	14.01B	15.05B
Inventories - Finished Goods, Total	7.24B	10.23B	9.95B	9.93B	10.19B
Buildings, Total	18.46B	20.13B	20.92B	21.8B	25.06B
Machinery, Total	21.34B	22.65B	23.2B	23.52B	25.34B
Full Time Employees	23.21K	24.83K	26.17K	25.05K	26.07K
Assets under Capital Lease - Gross	1.11B	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-122M	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	5.7B	5.96B	6.01B	5.92B	5.75B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.47B	2.32B	5.64B	5.99B	6.51B
Depreciation & Amortization - CF	2.14B	2.41B	2.37B	2.36B	2.47B
Amortization of Goodwill and Intangible Assets - (CF)	164M	279M	361M	333M	347M
Impairment of Oil, Gas & Mineral Properties - (CF)	12.01M	17.69M	48.23M	-	-
Depreciation & Amortization, Total	2.31B	2.7B	2.78B	2.69B	2.81B
Amortization of Deferred Charges, Total - (CF)	9.92M	8.63M	31.98M	34.45M	35.75M
(Gain) Loss From Sale Of Asset	105M	113M	118M	124M	50.83M
(Gain) Loss on Sale of Investments - (CF)	-368M	-87.9M	428M	-152M	-655M
Asset Writedown & Restructuring Costs	105M	480M	1.07B	145M	191M
Provision and Write-off of Bad Debts	1.13B	916M	315M	212M	2.02M
Other Operating Activities, Total	2.06B	2.91B	2.28B	3.18B	2.88B
Change In Accounts Receivable	3.07B	-646M	-5.04B	-1.44B	710M
Change In Inventories	-3.94B	-5.8B	-5.02B	-1.46B	-3.22B
Change In Accounts Payable	1.19B	-1.44B	6.61B	1.31B	1.46B
Change In Deferred Taxes	132M	-9.31M	-279M	-441K	-96.87M
Change in Other Net Operating Assets	-26.02M	-84.33M	116M	6.72M	253M
Cash from Operations	8.25B	1.38B	9.03B	10.64B	10.93B
Capital Expenditure	-3.32B	-3.65B	-2.87B	-5.32B	-6.81B
Sale of Property, Plant, and Equipment	152M	174M	110M	210M	46.21M
Cash Acquisitions	-10.42B	3.95M	-82.45M	-	-134M
Divestitures	-	19.64M	-	61.41M	4.86M
Investment in Marketable and Equity Securities, Total	930M	2.44B	-783M	-3.31B	-1.95B
Other Investing Activities, Total	716M	708M	397M	633M	614M
Cash from Investing	-11.94B	-303M	-3.23B	-7.72B	-8.23B
Long-Term Debt Issued, Total	83.48B	94.63B	89.47B	101B	110B
Total Debt Issued	83.48B	94.63B	89.47B	101B	110B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-66.33B	-94.14B	-70.61B	-91.03B	-93.08B
Total Debt Repaid	-66.33B	-94.14B	-70.61B	-91.03B	-93.08B
Common Dividends Paid	-2.9B	-2.13B	-1.5B	-2.47B	-3.57B
Common & Preferred Stock Dividends Paid	-2.9B	-2.13B	-1.5B	-2.47B	-3.57B
Other Financing Activities, Total	-2.68B	-3.51B	-16.2B	-17.09B	-11.77B
Cash from Financing	11.57B	-5.16B	1.15B	-9.75B	1.93B
Foreign Exchange Rate Adjustments	202M	-195M	-113M	264M	121M
Net Change in Cash	8.08B	-4.28B	6.84B	-6.57B	4.76B
Supplemental Items
Cash Income Tax Paid (Refund)	3.4B	2.18B	3.96B	6.67B	5.62B
Levered Free Cash Flow	-5.01B	-1.55B	8.97B	-379M	485M
Unlevered Free Cash Flow	-3.81B	-325M	10.24B	858M	1.95B
Change In Net Working Capital	5.8B	3.38B	-2.88B	1.46B	-974M
Net Debt Issued / Repaid	17.15B	483M	18.86B	9.81B	17.27B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.51	2.89	4.92	2.99	2.94
Return on Total Capital	3.03	3.49	5.95	3.67	3.68
Return On Equity %	3.92	3.88	8.18	7.62	8.79
Return on Common Equity	4.81	4.12	8.69	8.36	9.23
Margin Analysis
Gross Profit Margin %	3.74	3.36	3.78	2.76	2.54
SG&A Margin	0.93	0.65	0.6	0.57	0.54
EBITDA Margin %	2.88	2.8	3.27	2.16	2.02
EBITA Margin %	2.05	2.09	2.76	1.71	1.58
EBIT Margin %	1.98	2	2.68	1.64	1.51
Income From Continuing Operations Margin %	0.91	0.77	1.34	1.27	1.34
Net Income Margin %	1.03	0.73	1.27	1.25	1.25
Net Avail. For Common Margin %	1.03	0.73	1.27	1.25	1.25
Normalized Net Income Margin	1.08