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Income Statement Netjoy Holdings Limited

Stocks

2131

KYG6429L1068

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Market Closed - Hong Kong S.E. Other stock markets 09:08:30 31/03/2025 BST			5-day change	1st Jan Change
0.4550 ^HKD	-2.15%		-.--%	-

07-20	Netjoy Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2025	CI
06-28	Netjoy Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2024	CI

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Published financial data: NETJOY HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	2.58B	3.12B	3.31B	3.01B	3.15B
Total Revenues	2.58B	3.12B	3.31B	3.01B	3.15B
Cost of Goods Sold, Total	2.37B	2.9B	3.28B	2.76B	3.03B
Gross Profit	203M	219M	30.48M	251M	122M
Selling General & Admin Expenses, Total	79.71M	92.65M	80.3M	187M	197M
Provision for Bad Debts	-	13.06M	151M	40.1M	110M
R&D Expenses	13.31M	7.93M	8.8M	21.9M	15.51M
Other Operating Expenses, Total	93.02M	114M	241M	249M	323M
Operating Income	110M	105M	-210M	1.3M	-200M
Interest Expense, Total	-5.97M	-15.91M	-25.92M	-22.17M	-22M
Interest And Investment Income	761K	6.3M	6.83M	6.79M	11.08M
Net Interest Expenses	-5.21M	-9.62M	-19.09M	-15.38M	-10.93M
Income (Loss) On Equity Invest.	-4.86M	-2.22M	-5.33M	28K	-1.9M
Currency Exchange Gains (Loss)	-2.51M	-10.01M	982K	-2.05M	3.06M
Other Non Operating Income (Expenses)	22.02M	51.14M	28.22M	29.37M	-217M
EBT, Excl. Unusual Items	119M	134M	-205M	13.27M	-427M
Gain (Loss) On Sale Of Investments	-7.93M	-	3.08M	-3.86M	-38.25M
EBT, Incl. Unusual Items	111M	134M	-202M	9.4M	-465M
Income Tax Expense	7.53M	16.92M	-23.65M	1.92M	-3.04M
Earnings From Continuing Operations	104M	117M	-179M	7.48M	-462M
Net Income to Company	104M	117M	-179M	7.48M	-462M
Minority Interest	-	-	517K	1.31M	2.39M
Net Income - (IS)	104M	117M	-178M	8.8M	-460M
Net Income to Common Incl Extra Items	104M	117M	-178M	8.8M	-460M
Net Income to Common Excl. Extra Items	104M	117M	-178M	8.8M	-460M
Per Share Items
Net EPS - Basic	0.17	0.15	-0.23	0.01	-0.6
Basic EPS - Continuing Operations	0.17	0.15	-0.23	0.01	-0.6
Basic Weighted Average Shares Outstanding	608M	798M	778M	773M	764M
Net EPS - Diluted	0.17	0.15	-0.23	0.01	-0.6
Diluted EPS - Continuing Operations	0.17	0.15	-0.23	0.01	-0.6
Diluted Weighted Average Shares Outstanding	608M	798M	778M	774M	764M
Normalized Basic EPS	0.12	0.11	-0.16	0.01	-0.35
Normalized Diluted EPS	0.12	0.11	-0.16	0.01	-0.35
Dividend Per Share	-	0.04	-	-	-
Payout Ratio	-	-	-19.04	-	-
Supplemental Items
EBITDA	112M	108M	-206M	4.71M	-198M
EBITA	110M	105M	-210M	1.3M	-200M
EBIT	110M	105M	-210M	1.3M	-200M
EBITDAR	112M	109M	-205M	5.93M	-197M
Effective Tax Rate - (Ratio)	6.78	12.6	11.7	20.41	0.65
Current Domestic Taxes	8.8M	18.68M	10.09M	15.55M	4.64M
Current Foreign Taxes	-	-	-	-	-
Total Current Taxes	8.8M	18.68M	10.09M	15.55M	4.64M
Deferred Domestic Taxes	-1.27M	-1.75M	-	-	-
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	-1.27M	-1.75M	-33.74M	-13.63M	-7.68M
Normalized Net Income	74.42M	83.95M	-128M	9.6M	-264M
Interest on Long-Term Debt	360K	578K	201K	272K	104K
Supplemental Operating Expense Items
Selling and Marketing Expenses	7.03M	15.8M	12.34M	91.32M	104M
General and Administrative Expenses	72.18M	75.73M	66.68M	94.9M	91.55M
Research And Development Expense From Footnotes	13.31M	7.93M	8.8M	21.9M	15.51M
Net Rental Expense, Total	501K	1.12M	1.28M	1.22M	1.05M
Imputed Operating Lease Interest Expense	154K	344K	443K	432K	361K
Imputed Operating Lease Depreciation	347K	780K	841K	787K	690K
Stock-Based Comp., Other (Total)	-	12.2M	4.08M	13.5M	23.61M
Total Stock-Based Compensation	-	12.2M	4.08M	13.5M	23.61M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.02B	356M	280M	361M	428M
Short Term Investments	14.57M	34.67M	27.25M	51.22M	56.3M
Trading Asset Securities, Total	-	-	-	17.63M	7.51M
Total Cash And Short Term Investments	1.03B	390M	307M	430M	492M
Accounts Receivable, Total	688M	1.51B	1.57B	1.54B	1.28B
Other Receivables	39.75M	70.32M	125M	133M	141M
Total Receivables	728M	1.58B	1.7B	1.67B	1.42B
Inventory	-	-	68.81M	9.17M	3.38M
Prepaid Expenses	-	-	-	-	-
Restricted Cash	1.96M	281M	11.12M	2.7M	167M
Other Current Assets, Total	226M	136M	125M	294M	162M
Total Current Assets	1.99B	2.39B	2.21B	2.41B	2.24B
Gross Property Plant And Equipment	13.03M	20.42M	22.24M	18.96M	17.07M
Accumulated Depreciation	-3.5M	-5.7M	-8.6M	-10.01M	-11.34M
Net Property Plant And Equipment	9.54M	14.72M	13.64M	8.95M	5.73M
Long-term Investments	7.75M	5.52M	41.93M	110M	55.04M
Other Intangibles, Total	17.25M	26.44M	31.71M	25.06M	15.63M
Accounts Receivable Long-Term	-	-	-	11.25M	-
Deferred Tax Assets Long-Term	14.19M	17.56M	50.44M	64.01M	71.02M
Other Long-Term Assets, Total	2.06M	4.92M	4.16M	18.05M	3.46M
Total Assets	2.04B	2.46B	2.35B	2.65B	2.39B
Liabilities
Accounts Payable, Total	213M	146M	242M	622M	529M
Accrued Expenses, Total	21.91M	27.89M	41.84M	43.84M	35.82M
Short-term Borrowings	210M	612M	575M	415M	603M
Current Portion of Leases	2.46M	4.36M	5.09M	3.49M	1.74M
Current Income Taxes Payable	16.9M	26.77M	18.22M	19.88M	11.36M
Unearned Revenue Current, Total	36.81M	33.34M	68.45M	119M	202M
Other Current Liabilities	30.68M	21.3M	23.31M	28.25M	64.05M
Total Current Liabilities	531M	872M	974M	1.25B	1.45B
Long-Term Leases	2.32M	1.24M	3.17M	35K	983K
Unearned Revenue Non Current	928K	715K	626K	537K	1.12M
Deferred Tax Liability Non Current	-	1.62M	759K	707K	33K
Other Non Current Liabilities	-	-	-	7.86M	-
Total Liabilities	535M	875M	978M	1.26B	1.45B
Common Stock, Total	149K	148K	148K	148K	148K
Retained Earnings	260M	378M	166M	175M	-285M
Treasury Stock	-	-36.67M	-40.53M	-46.64M	-47.8M
Comprehensive Income and Other	1.24B	1.24B	1.25B	1.26B	1.28B
Total Common Equity	1.51B	1.58B	1.37B	1.39B	949M
Minority Interest	-	-	-17K	-1.33M	-3.58M
Total Equity	1.51B	1.58B	1.37B	1.39B	945M
Total Liabilities And Equity	2.04B	2.46B	2.35B	2.65B	2.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	800M	796M	796M	764M	762M
ECS Total Common Shares Outstanding	800M	796M	796M	764M	762M
Book Value / Share	1.88	1.99	1.72	1.82	1.24
Tangible Book Value	1.49B	1.56B	1.34B	1.36B	933M
Tangible Book Value Per Share	1.86	1.96	1.68	1.78	1.22
Total Debt	215M	618M	583M	418M	606M
Net Debt	-819M	228M	276M	-11.3M	114M
Debt Equivalent Oper. Leases	4.01M	8.99M	10.27M	9.75M	8.41M
Minority Interest, Total (Incl. Fin. Div)	-	-	-17K	-1.33M	-3.58M
Equity Method Investments, Total	7.75M	5.52M	4.39M	34.42M	29.99M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	68.81M	9.17M	3.38M
Machinery, Total	3.54M	7.8M	8.2M	8.93M	8.05M
Full Time Employees	390	441	369	351	316
Part Time Employees	-	-	1	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	43.05M	56.11M	208M	239M	358M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	104M	117M	-178M	8.8M	-460M
Depreciation & Amortization - CF	7.79M	8.92M	9.37M	8.72M	6.61M
Depreciation & Amortization, Total	7.79M	8.92M	9.37M	8.72M	6.61M
Amortization of Deferred Charges, Total - (CF)	1.38M	3.52M	7.33M	9.6M	9.43M
(Gain) Loss From Sale Of Asset	8K	2.16M	463K	58K	88K
(Gain) Loss on Sale of Investments - (CF)	7.93M	13.06M	164M	45.85M	347M
Asset Writedown & Restructuring Costs	-	-	3.69M	6.54M	-
(Income) Loss On Equity Investments - (CF)	4.86M	2.22M	5.33M	-28K	1.9M
Stock-Based Compensation (CF)	-	12.2M	4.08M	13.5M	23.61M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	4.32M	34.04M	-19.46M	6.53M	-1.78M
Change In Accounts Receivable	-239M	-836M	-211M	-268M	172M
Change In Inventories	-	-	-68.81M	59.64M	5.79M
Change In Accounts Payable	33.1M	-67.1M	96.35M	380M	-97.29M
Change in Unearned Revenues	-542K	-3.47M	3.19M	13.82M	38.01M
Change in Other Net Operating Assets	-146M	32.37M	-7.43M	-124M	-26.64M
Cash from Operations	-223M	-681M	-191M	162M	19.55M
Capital Expenditure	-4.62M	-8.32M	-1.55M	-21.52M	-214K
Sale of Property, Plant, and Equipment	-	-	137K	135K	-
Cash Acquisitions	-	-	-	-	1.28M
Sale (Purchase) of Intangible assets	-10.34M	-12.71M	-16.29M	-9.5M	-
Investment in Marketable and Equity Securities, Total	-3M	-400K	-39.66M	-104M	17.66M
Other Investing Activities, Total	656K	-	-	-	-
Cash from Investing	-17.3M	-21.42M	-57.36M	-135M	18.72M
Short Term Debt Issued, Total	345M	783M	692M	748M	865M
Total Debt Issued	345M	783M	692M	748M	865M
Short Term Debt Repaid, Total	-227M	-385M	-728M	-662M	-675M
Long-Term Debt Repaid, Total	-5.89M	-7.13M	-2.3M	-5.32M	-4.04M
Total Debt Repaid	-233M	-393M	-730M	-667M	-679M
Repurchase of Common Stock	-	-51.64M	-8.74M	-4.65M	-2.82M
Common Dividends Paid	-	-	-33.9M	-	-
Common & Preferred Stock Dividends Paid	-	-	-33.9M	-	-
Other Financing Activities, Total	1.11B	-290M	253M	-20.26M	-153M
Cash from Financing	1.23B	49.35M	172M	56.36M	29.56M
Foreign Exchange Rate Adjustments	-2.51M	-10.01M	191K	-1.99M	-266K
Net Change in Cash	984M	-663M	-76.06M	81.22M	67.56M
Supplemental Items
Cash Interest Paid	5.12M	11.14M	27.84M	20.76M	23.49M
Cash Income Tax Paid (Refund)	10.67M	8.8M	18.64M	13.88M	13.16M
Levered Free Cash Flow	-282M	-1.05B	92.45M	349M	136M
Unlevered Free Cash Flow	-279M	-1.04B	109M	363M	150M
Change In Net Working Capital	341M	1.11B	-237M	-361M	-236M
Net Debt Issued / Repaid	112M	391M	-38.13M	81.28M	186M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.12	2.92	-5.46	0.03	-4.97
Return on Total Capital	6.53	3.35	-6.32	0.04	-7.46
Return On Equity %	11.6	7.6	-12.09	0.54	-39.65
Return on Common Equity	11.6	7.6	-12.06	0.64	-39.37
Margin Analysis
Gross Profit Margin %	7.86	7	0.92	8.33	3.88
SG&A Margin	3.09	2.97	2.43	6.23	6.25
EBITDA Margin %	4.33	3.47	-6.24	0.16	-6.29
EBITA Margin %	4.25	3.36	-6.35	0.04	-6.36
EBIT Margin %	4.25	3.36	-6.35	0.04	-6.36
Income From Continuing Operations Margin %	4.02	3.76	-5.39	0.25	-14.67
Net Income Margin %	4.02	3.76	-5.38	0.29	-14.6
Net Avail. For Common Margin %	4.02	3.76	-5.38	0.29	-14.6
Normalized Net Income Margin	2.89	2.69	-3.86	0.32	-8.4
Levered Free Cash Flow Margin	-10.96	-33.56	2.79	11.59	4.33
Unlevered Free Cash Flow Margin	-10.82	-33.24	3.28	12.05	4.77
Asset Turnover
Asset Turnover	1.92	1.39	1.38	1.21	1.25
Fixed Assets Turnover	314.91	257.51	233.47	266.47	429.1
Receivables Turnover (Average Receivables)	4.5	2.84	2.15	1.94	2.24
Inventory Turnover (Average Inventory)	-	-	-	70.77	482.48
Short Term Liquidity
Current Ratio	3.74	2.74	2.27	1.92	1.55
Quick Ratio	3.31	2.26	2.06	1.68	1.32
Operating Cash Flow to Current Liabilities	-0.42	-0.78	-0.2	0.13	0.01
Days Sales Outstanding (Average Receivables)	81.32	128.56	169.94	188.6	163.71
Days Outstanding Inventory (Average Inventory)	-	-	-	5.16	0.76
Average Days Payable Outstanding	30.24	22.52	-	58.44	69.72
Cash Conversion Cycle (Average Days)	-	-	-	135.32	94.75
Long Term Solvency
Total Debt/Equity	14.27	39.05	42.52	30.21	64.08
Total Debt / Total Capital	12.49	28.08	29.84	23.2	39.06
LT Debt/Equity	0.15	0.08	0.23	0	0.1
Long-Term Debt / Total Capital	0.14	0.06	0.16	0	0.06
Total Liabilities / Total Assets	26.21	35.61	41.64	47.66	60.51
EBIT / Interest Expense	18.36	6.6	-8.11	0.06	-9.11
EBITDA / Interest Expense	19.66	7.16	-7.74	0.45	-8.81
(EBITDA - Capex) / Interest Expense	18.89	6.64	-7.8	-0.52	-8.81
Total Debt / EBITDA	1.83	5.42	-2.9	41.77	-3.13
Net Debt / EBITDA	-6.97	2	-1.38	-1.13	-0.59
Total Debt / (EBITDA - Capex)	1.9	5.85	-2.88	-36.38	-3.12
Net Debt / (EBITDA - Capex)	-7.26	2.16	-1.36	0.98	-0.59
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.41	21.17	6.01	-9.07	4.64
Gross Profit, 1 Yr. Growth %	27.22	7.91	-86.06	722.62	-51.24
EBITDA, 1 Yr. Growth %	10.65	4.32	-290.76	-102.28	-4.3K
EBITA, 1 Yr. Growth %	9.61	3.28	-300.02	-100.62	-15.46K
EBIT, 1 Yr. Growth %	9.61	3.28	-300.02	-100.62	-15.46K
Earnings From Cont. Operations, 1 Yr. Growth %	42.06	13.31	-252.11	-104.19	-6.27K
Net Income, 1 Yr. Growth %	42.06	13.31	-251.67	-104.94	-5.33K
Normalized Net Income, 1 Yr. Growth %	9.52	20.86	-252.23	-107.51	-2.85K
Diluted EPS Before Extra, 1 Yr. Growth %	40.21	-13.71	-255.5	-104.8	-5.57K
Accounts Receivable, 1 Yr. Growth %	50.57	119.64	3.93	-1.99	-16.98
Inventory, 1 Yr. Growth %	-	-	-	-86.68	-63.14
Net Property, Plant and Equip., 1 Yr. Growth %	39.56	54.34	-7.31	-34.38	-36
Total Assets, 1 Yr. Growth %	219.22	20.51	-4.43	12.66	-9.53
Tangible Book Value, 1 Yr. Growth %	444.21	4.6	-13.94	1.66	-31.44
Common Equity, 1 Yr. Growth %	434.31	5.16	-13.38	1.13	-31.55
Cash From Operations, 1 Yr. Growth %	5.51K	206.24	-71.98	-184.84	-87.93
Capital Expenditures, 1 Yr. Growth %	83.95	80.06	-81.32	1.28K	-99.01
Levered Free Cash Flow, 1 Yr. Growth %	695.21	264.55	-108.82	277.41	-60.89
Unlevered Free Cash Flow, 1 Yr. Growth %	736.63	265.84	-110.47	233.9	-58.59
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	47.4	16.19	13.33	-1.82	-2.45
Gross Profit, 2 Yr. CAGR %	36.82	17.17	-61.22	7.08	100.28
EBITDA, 2 Yr. CAGR %	16.61	3.55	41.06	-79.14	-2.07
EBITA, 2 Yr. CAGR %	15.7	2.48	43.73	-88.86	-2.34
EBIT, 2 Yr. CAGR %	15.7	2.48	43.73	-88.86	-2.34
Earnings From Cont. Operations, 2 Yr. CAGR %	22.11	26.87	31.28	-74.75	60.86
Net Income, 2 Yr. CAGR %	22.11	26.87	31.09	-72.63	60.68
Normalized Net Income, 2 Yr. CAGR %	23.61	11.15	35.64	-66.18	43.84
Diluted EPS Before Extra, 2 Yr. CAGR %	-	9.99	15.83	-72.66	62.14
Accounts Receivable, 2 Yr. CAGR %	34.52	81.86	51.09	0.92	-9.8
Inventory, 2 Yr. CAGR %	-	-	-	-	-77.84
Net Property, Plant and Equip., 2 Yr. CAGR %	117.69	46.76	19.6	-22.01	-35.19
Total Assets, 2 Yr. CAGR %	116.91	96.14	7.32	3.76	0.96
Tangible Book Value, 2 Yr. CAGR %	167.32	138.59	-5.12	-6.47	-16.52
Common Equity, 2 Yr. CAGR %	168.85	137.04	-4.56	-6.4	-16.8
Cash From Operations, 2 Yr. CAGR %	39.85	1.21K	-7.36	-51.24	-68
Capital Expenditures, 2 Yr. CAGR %	256.22	82	-42	60.86	-62.89
Levered Free Cash Flow, 2 Yr. CAGR %	60.67	443.12	-43.28	-42.29	21.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	60.86	458.13	-38.11	-40.88	17.59
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	122.04	38.08	12.69	5.31	0.29
Gross Profit, 3 Yr. CAGR %	59.75	26.41	-42.37	7.36	-17.61
EBITDA, 3 Yr. CAGR %	43.98	9.63	26.94	-64.32	22.31
EBITA, 3 Yr. CAGR %	43.34	8.65	28.07	-76.59	24.02
EBIT, 3 Yr. CAGR %	43.34	8.65	28.07	-76.59	24.02
Earnings From Cont. Operations, 3 Yr. CAGR %	46.43	19.1	34.78	-58.35	57.89
Net Income, 3 Yr. CAGR %	46.43	19.1	34.65	-56.05	57.62
Normalized Net Income, 3 Yr. CAGR %	47.26	19.9	23.44	-48.29	46.58
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	23.45	-59.9	59.94
Accounts Receivable, 3 Yr. CAGR %	91.17	58.4	50.92	30.79	-5.44
Net Property, Plant and Equip., 3 Yr. CAGR %	54.55	94.11	25.92	-2.08	-26.98
Total Assets, 3 Yr. CAGR %	144.42	78.32	54.34	9.07	-0.87
Tangible Book Value, 3 Yr. CAGR %	171.02	95.53	69.84	-2.91	-15.67
Common Equity, 3 Yr. CAGR %	172.02	96.62	69.47	-2.7	-15.67
Cash From Operations, 3 Yr. CAGR %	215.44	81.51	263.67	-10.04	-69.38
Capital Expenditures, 3 Yr. CAGR %	109.27	183.76	-14.78	67.02	-70.48
Levered Free Cash Flow, 3 Yr. CAGR %	-	112.36	37.56	6.68	-49.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	112.79	48.3	8.54	-47.49
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	69.67	20.47	6.37
Gross Profit, 5 Yr. CAGR %	-	-	-9.32	18.29	-5.15
EBITDA, 5 Yr. CAGR %	-	-	40.72	-43.54	14.43
EBITA, 5 Yr. CAGR %	-	-	41.36	-56.31	14.91
EBIT, 5 Yr. CAGR %	-	-	41.36	-56.31	14.91
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	40.17	-35.96	44.66
Net Income, 5 Yr. CAGR %	-	-	40.09	-33.86	44.51
Normalized Net Income, 5 Yr. CAGR %	-	-	40.55	-27.73	31.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	37.7
Accounts Receivable, 5 Yr. CAGR %	-	-	74	32.27	22.84
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	39.49	34.79	-3.46
Total Assets, 5 Yr. CAGR %	-	-	75.85	43.59	30.24
Tangible Book Value, 5 Yr. CAGR %	-	-	78.1	45.58	27.84
Common Equity, 5 Yr. CAGR %	-	-	78.92	46.11	27.5
Cash From Operations, 5 Yr. CAGR %	-	-	93.16	7.29	37.57
Capital Expenditures, 5 Yr. CAGR %	-	-	25.26	126.13	-38.89
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	26.11	30.89
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	27.49	35.15