Balance Sheet Shanghai Baosight Software Co.,Ltd.

Equities

600845

CNE000000C66

Software

End-of-day quote Shanghai S.E. Other stock markets 16/01/2025			5-day change	1st Jan Change
27.66 ^CNY	-0.58%		+2.18%	-5.47%

12-17	Shanghai Baosight Software Co.,Ltd.(SHSE:600845) added to Shanghai Stock Exchange 180 Value Index	CI
12-17	Shanghai Baosight Software Co.,Ltd.(SHSE:600845) added to SSE 180 Index	CI

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Published financial data: SHANGHAI BAOSIGHT SOFTWARE CO.,LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.83B	9.51B	11.75B	13.14B	12.91B
Other Revenues, Total	15.48M	4.69M	7.63M	9.55M	8.82M
Total Revenues	6.85B	9.52B	11.76B	13.15B	12.92B
Cost of Goods Sold, Total	4.81B	6.78B	7.93B	8.82B	8.13B
Gross Profit	2.04B	2.74B	3.83B	4.33B	4.79B
Selling General & Admin Expenses, Total	420M	376M	536M	591M	681M
Provision for Bad Debts	834K	72.62M	153M	181M	156M
R&D Expenses	724M	949M	1.29B	1.43B	1.45B
Other Operating Expenses	-23.13M	3.94M	-18.09M	-82.66M	-109M
Other Operating Expenses, Total	1.12B	1.4B	1.96B	2.12B	2.18B
Operating Income	921M	1.34B	1.87B	2.21B	2.61B
Interest Expense, Total	-5.12M	-1.35M	-12.01M	-17.72M	-27.15M
Interest And Investment Income	48.5M	77.19M	77.38M	134M	135M
Net Interest Expenses	43.38M	75.84M	65.37M	117M	108M
Currency Exchange Gains (Loss)	-977K	2.83M	-2.52M	523K	-14.97M
Other Non Operating Income (Expenses)	-3.19M	-2.36M	-3.62M	-1.58M	-1.41M
EBT, Excl. Unusual Items	960M	1.42B	1.93B	2.32B	2.7B
Gain (Loss) On Sale Of Investments	-276K	-1.32M	-4.19M	-1.82M	72.75M
Gain (Loss) On Sale Of Assets	-139K	335K	7.18M	7.34M	1.77M
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-1.8M	-	-166K	-
Other Unusual Items	43.12M	67.79M	82.87M	70.83M	46.05M
EBT, Incl. Unusual Items	1B	1.48B	2.01B	2.4B	2.82B
Income Tax Expense	77.66M	122M	105M	148M	209M
Earnings From Continuing Operations	925M	1.36B	1.91B	2.25B	2.61B
Net Income to Company	925M	1.36B	1.91B	2.25B	2.61B
Minority Interest	-45.53M	-59.46M	-89.93M	-65.41M	-57.54M
Net Income - (IS)	879M	1.3B	1.82B	2.19B	2.55B
Net Income to Common Incl Extra Items	879M	1.3B	1.82B	2.19B	2.55B
Net Income to Common Excl. Extra Items	879M	1.3B	1.82B	2.19B	2.55B
Per Share Items
Net EPS - Basic	0.32	0.47	0.65	0.78	0.9
Basic EPS - Continuing Operations	0.32	0.47	0.65	0.78	0.9
Basic Weighted Average Shares Outstanding	2.75B	2.76B	2.8B	2.81B	2.83B
Net EPS - Diluted	0.32	0.47	0.64	0.77	0.89
Diluted EPS - Continuing Operations	0.32	0.47	0.64	0.77	0.89
Diluted Weighted Average Shares Outstanding	2.78B	2.8B	2.85B	2.84B	2.88B
Normalized Basic EPS	0.2	0.3	0.4	0.49	0.58
Normalized Diluted EPS	0.2	0.3	0.39	0.49	0.57
Dividend Per Share	0.16	0.48	0.53	0.56	0.83
Payout Ratio	62.48	35.64	58.24	69.91	62.9
Supplemental Items
EBITDA	1.11B	1.66B	2.18B	2.54B	2.95B
EBITA	942M	1.36B	1.9B	2.24B	2.64B
EBIT	921M	1.34B	1.87B	2.21B	2.61B
EBITDAR	1.12B	1.67B	2.19B	2.56B	2.96B
Total Revenues (As Reported)	6.85B	9.52B	11.76B	13.15B	12.92B
Effective Tax Rate - (Ratio)	7.75	8.22	5.2	6.16	7.41
Total Current Taxes	95.34M	142M	129M	163M	263M
Total Deferred Taxes	-17.68M	-19.85M	-24.61M	-14.85M	-53.9M
Normalized Net Income	554M	826M	1.11B	1.39B	1.63B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	-	10.46M	21.88M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	2.84M	3.4M	2.49M	1.06M	2.52M
Selling and Marketing Expenses	171M	165M	205M	229M	246M
General and Administrative Expenses	235M	200M	327M	358M	425M
Research And Development Expense From Footnotes	724M	949M	1.29B	1.43B	1.45B
Net Rental Expense, Total	13.84M	12.78M	6.29M	18.89M	13.22M
Imputed Operating Lease Interest Expense	6.63M	6.78M	2.66M	5.8M	4.08M
Imputed Operating Lease Depreciation	7.21M	6M	3.63M	13.09M	9.15M
Stock-Based Comp., Other (Total)	27.23M	122M	170M	110M	756M
Total Stock-Based Compensation	27.23M	122M	170M	110M	756M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.14B	3.82B	4.3B	4.93B	5.96B
Trading Asset Securities, Total	6.59M	5.27M	7.95M	5.63M	5.84M
Total Cash And Short Term Investments	3.15B	3.83B	4.31B	4.93B	5.97B
Accounts Receivable, Total	2.88B	3.59B	5.63B	6.65B	7.04B
Other Receivables	83.3M	94.96M	120M	60.97M	34.84M
Total Receivables	2.96B	3.68B	5.75B	6.71B	7.08B
Inventory	777M	2.92B	3.06B	3.15B	3.52B
Other Current Assets, Total	296M	329M	525M	685M	567M
Total Current Assets	7.18B	10.75B	13.64B	15.48B	17.13B
Gross Property Plant And Equipment	2.55B	2.66B	3.7B	4B	4.95B
Accumulated Depreciation	-653M	-935M	-1.34B	-1.65B	-1.98B
Net Property Plant And Equipment	1.9B	1.72B	2.36B	2.35B	2.97B
Long-term Investments	228M	539M	523M	506M	574M
Goodwill	2.04M	2.04M	11.72M	11.72M	11.72M
Other Intangibles, Total	112M	98.58M	226M	206M	192M
Deferred Tax Assets Long-Term	60.01M	80.51M	114M	134M	194M
Deferred Charges Long-Term	779M	873M	944M	840M	752M
Other Long-Term Assets, Total	5.91M	3.16M	41.33M	49.7M	51.55M
Total Assets	10.27B	14.07B	17.86B	19.58B	21.88B
Liabilities
Accounts Payable, Total	1.28B	1.39B	2.12B	2.76B	2.78B
Accrued Expenses, Total	381M	952M	1.12B	1.29B	1.48B
Short-term Borrowings	20.02M	20.02M	143M	148M	91.08M
Current Portion of Long-Term Debt	165K	162K	72.48K	-	-
Current Portion of Leases	-	-	78.2M	63.41M	82.99M
Current Income Taxes Payable	43.8M	14.28M	28.35M	22.89M	13.18M
Unearned Revenue Current, Total	869M	3.49B	3.69B	3.71B	3.39B
Other Current Liabilities	272M	585M	726M	489M	1.06B
Total Current Liabilities	2.86B	6.45B	7.91B	8.48B	8.89B
Long-Term Debt	248K	82.71K	-	-	-
Long-Term Leases	-	-	209M	281M	741M
Unearned Revenue Non Current	117M	88.22M	113M	125M	123M
Deferred Tax Liability Non Current	-	-	12.29M	17.51M	23.3M
Other Non Current Liabilities	18.32M	18.32M	14.45M	14.35M	13.82M
Total Liabilities	3B	6.56B	8.26B	8.92B	9.79B
Common Stock, Total	1.14B	1.16B	1.52B	1.98B	2.4B
Additional Paid In Capital	2.59B	3.01B	3.55B	3.24B	3.67B
Retained Earnings	3.4B	3.47B	4.28B	4.95B	5.9B
Treasury Stock	-65.17M	-354M	-334M	-211M	-655M
Comprehensive Income and Other	3.1M	2.62M	-2.06M	-3.92M	-5.23M
Total Common Equity	7.06B	7.28B	9.02B	9.94B	11.31B
Minority Interest	204M	230M	586M	717M	782M
Total Equity	7.27B	7.51B	9.6B	10.66B	12.09B
Total Liabilities And Equity	10.27B	14.07B	17.86B	19.58B	21.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.78B	2.81B	2.85B	2.85B	2.88B
ECS Total Common Shares Outstanding	2.78B	2.81B	2.85B	2.85B	2.88B
Book Value / Share	2.55	2.59	3.17	3.49	3.92
Tangible Book Value	6.95B	7.18B	8.78B	9.72B	11.1B
Tangible Book Value Per Share	2.5	2.55	3.09	3.42	3.85
Total Debt	20.44M	20.27M	430M	493M	915M
Net Debt	-3.13B	-3.81B	-3.88B	-4.44B	-5.05B
Debt Equivalent Oper. Leases	111M	102M	50.29M	151M	106M
Minority Interest, Total (Incl. Fin. Div)	204M	230M	586M	717M	782M
Equity Method Investments, Total	199M	211M	194M	191M	183M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	11.6M	11.85M	37.56M	37.91M	37.63M
Inventories - Work In Process, Total	285M	3.02B	3.11B	3.21B	3.59B
Inventories - Finished Goods, Total	585M	18.02M	55.15M	42.24M	18.65M
Buildings, Total	79.73M	79.06M	166M	203M	348M
Machinery, Total	2B	2.53B	2.73B	2.77B	2.92B
Full Time Employees	4.26K	4.21K	5.26K	5.71K	5.71K
Accumulated Allowance for Doubtful Accounts (Supple)	287M	280M	383M	480M	552M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	879M	1.3B	1.82B	2.19B	2.55B
Depreciation & Amortization - CF	165M	294M	353M	379M	412M
Amortization of Goodwill and Intangible Assets - (CF)	21.77M	22.11M	26.76M	31.05M	26.71M
Depreciation & Amortization, Total	186M	316M	380M	410M	439M
Amortization of Deferred Charges, Total - (CF)	91.66M	126M	127M	142M	148M
(Gain) Loss From Sale Of Asset	-311K	-	-	-2.43M	-
(Gain) Loss on Sale of Investments - (CF)	-733K	-14.01M	-11.45M	-13.33M	-106M
Asset Writedown & Restructuring Costs	450K	-335K	-7.18M	92.2M	-1.77M
Provision and Write-off of Bad Debts	834K	72.62M	154M	96.55M	156M
Other Operating Activities, Total	64.46M	95.23M	102M	87.43M	78.67M
Change In Accounts Receivable	50.35M	-1.58B	-1.77B	-1.15B	-266M
Change In Inventories	-108M	639M	243M	-95.18M	-351M
Change In Accounts Payable	-260M	532M	917M	784M	12.47M
Change In Deferred Taxes	-17.68M	-19.85M	-24.61M	-14.82M	-53.9M
Cash from Operations	887M	1.47B	1.93B	2.52B	2.61B
Capital Expenditure	-908M	-333M	-762M	-301M	-376M
Sale of Property, Plant, and Equipment	304M	403K	10.22M	12.72M	145K
Cash Acquisitions	-292M	-	-82.87M	-33.42M	-
Divestitures	-16.68M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-64.53M	-299M	133K	19.57M	32.64M
Other Investing Activities, Total	6.7M	15.67M	8.33M	11.33M	22.95M
Cash from Investing	-970M	-617M	-826M	-291M	-321M
Short Term Debt Issued, Total	-	-	-	235M	91M
Long-Term Debt Issued, Total	40M	80M	20M	-	-
Total Debt Issued	40M	80M	20M	235M	91M
Short Term Debt Repaid, Total	-	-	-	-230M	-148M
Long-Term Debt Repaid, Total	-170M	-80.17M	-110M	-91.63M	-97.74M
Total Debt Repaid	-170M	-80.17M	-110M	-321M	-246M
Issuance of Common Stock	-	312M	7.43M	-	549M
Repurchase of Common Stock	-860K	-1.5M	-41.68M	-54.07K	-3.22M
Common Dividends Paid	-549M	-464M	-1.06B	-1.53B	-1.61B
Common & Preferred Stock Dividends Paid	-549M	-464M	-1.06B	-1.53B	-1.61B
Other Financing Activities, Total	-20.65M	-21.32M	-3.24M	33.79M	-2.05M
Cash from Financing	-701M	-174M	-1.19B	-1.58B	-1.22B
Foreign Exchange Rate Adjustments	1.6M	-1.64M	-7.86M	-4.3M	-16M
Net Change in Cash	-783M	673M	-92.41M	646M	1.06B
Supplemental Items
Cash Income Tax Paid (Refund)	250M	362M	590M	535M	727M
Levered Free Cash Flow	-455M	1.77B	75.88M	1.1B	2.41B
Unlevered Free Cash Flow	-452M	1.77B	83.39M	1.11B	2.42B
Change In Net Working Capital	424M	-700M	999M	631M	172M
Net Debt Issued / Repaid	-130M	-171K	-89.83M	-86.13M	-155M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.5	6.89	6.97	7.37	7.86
Return on Total Capital	7.91	11.31	12.51	13.02	13.5
Return On Equity %	12.87	18.4	20.96	22.22	22.96
Return on Common Equity	12.6	18.13	21.5	23.06	24.03
Margin Analysis
Gross Profit Margin %	29.81	28.81	32.56	32.92	37.09
SG&A Margin	6.13	3.95	4.56	4.49	5.27
EBITDA Margin %	16.16	17.41	18.53	19.29	22.85
EBITA Margin %	13.76	14.32	16.12	17.02	20.4
EBIT Margin %	13.44	14.08	15.89	16.79	20.2
Income From Continuing Operations Margin %	13.5	14.29	16.23	17.12	20.22
Net Income Margin %	12.84	13.67	15.47	16.62	19.77
Net Avail. For Common Margin %	12.84	13.67	15.47	16.62	19.77
Normalized Net Income Margin	8.09	8.68	9.48	10.54	12.62
Levered Free Cash Flow Margin	-6.64	18.56	0.65	8.35	18.64
Unlevered Free Cash Flow Margin	-6.59	18.57	0.71	8.44	18.78
Asset Turnover
Asset Turnover	0.65	0.78	0.7	0.7	0.62
Fixed Assets Turnover	3.82	5.26	5.44	5.58	4.85
Receivables Turnover (Average Receivables)	2.49	2.94	2.44	2.14	1.88
Inventory Turnover (Average Inventory)	6.61	3.67	2.59	2.84	2.44
Short Term Liquidity
Current Ratio	2.51	1.67	1.72	1.83	1.93
Quick Ratio	2.13	1.16	1.27	1.37	1.47
Operating Cash Flow to Current Liabilities	0.31	0.23	0.24	0.3	0.29
Days Sales Outstanding (Average Receivables)	146.86	124.39	149.32	170.54	193.65
Days Outstanding Inventory (Average Inventory)	55.18	99.76	141.03	128.48	149.85
Average Days Payable Outstanding	105.15	60.94	89.29	99.96	118.86
Cash Conversion Cycle (Average Days)	96.89	163.21	201.07	199.06	224.64
Long Term Solvency
Total Debt/Equity	0.28	0.27	4.47	4.62	7.57
Total Debt / Total Capital	0.28	0.27	4.28	4.42	7.04
LT Debt/Equity	0	0	2.17	2.64	6.13
Long-Term Debt / Total Capital	0	0	2.08	2.52	5.7
Total Liabilities / Total Assets	29.2	46.61	46.23	45.56	44.76
EBIT / Interest Expense