SMARTER MICROELECTRONICS (GUANGZHOU) CO., LTD.

Cash flow Smarter Microelectronics (Guangzhou) Co., Ltd.

Stocks

688512

CNE1000060Q0

Semiconductors

End-of-day quote Shanghai S.E. 24/08/2026			5-day change	1st Jan Change
13.75 ^CNY	-4.51%		-9.95%	+23.21%

05-28	Smarter Microelectronics Seeks Up to 300 Million Yuan Via Private Placement	MT
05-16	Certain A Shares of Smarter Microelectronics Co., Ltd. are subject to a Lock-Up Agreement Ending on 16-MAY-2026.	CI

97b7be8a.ZymF9f6Nseyo16mV3y_C0OLeoM4HlZW0EMmALQgZ_zM.IHzJnJ_sw9ibucPWh3qR5bGy54NY1_f4QZD2H2xJiXsJas3Gx8nyvsuAyg

Published financial data: SMARTER MICROELECTRONICS (GUANGZHOU) CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	514M	357M	552M	524M	807M
Total Revenues	514M	357M	552M	524M	807M
Cost of Goods Sold, Total	455M	307M	548M	579M	785M
Gross Profit	58.91M	49.91M	3.97M	-54.95M	22.38M
Selling General & Admin Expenses, Total	285M	171M	139M	132M	119M
Provision for Bad Debts	187K	707K	855K	4.3M	2.12M
R&D Expenses	146M	260M	320M	244M	221M
Other Operating Expenses	276K	238K	324K	-263K	355K
Other Operating Expenses, Total	432M	432M	460M	380M	343M
Operating Income	-373M	-382M	-456M	-435M	-320M
Interest Expense, Total	-704K	-609K	-574K	-2.46M	-7.89M
Interest And Investment Income	8.01M	21.41M	20.44M	19.86M	20.73M
Net Interest Expenses	7.31M	20.8M	19.87M	17.4M	12.84M
Currency Exchange Gains (Loss)	-2.03M	-1.01M	1.04M	7.97M	-12.08M
Other Non Operating Income (Expenses)	-580K	-142K	-948K	264K	-521K
EBT, Excl. Unusual Items	-368M	-362M	-437M	-409M	-320M
Gain (Loss) On Sale Of Investments	58.12K	-	7.75M	15.42M	11.25M
Gain (Loss) On Sale Of Assets	5.77K	22.48K	223K	33.65K	158K
Asset Writedown	-	-	-16.65K	-1.14K	-
Other Unusual Items	37.42M	24.76M	21.14M	14.27M	79.76M
EBT, Incl. Unusual Items	-331M	-337M	-407M	-379M	-229M
Income Tax Expense	-12.81M	-32.33M	1.07M	58.96M	57.27K
Earnings From Continuing Operations	-318M	-305M	-409M	-438M	-229M
Net Income to Company	-318M	-305M	-409M	-438M	-229M
Net Income - (IS)	-318M	-305M	-409M	-438M	-229M
Net Income to Common Incl Extra Items	-318M	-305M	-409M	-438M	-229M
Net Income to Common Excl. Extra Items	-318M	-305M	-409M	-438M	-229M
Per Share Items
Net EPS - Basic	-0.82	-0.77	-0.95	-0.96	-0.49
Basic EPS - Continuing Operations	-0.82	-0.77	-0.95	-0.96	-0.49
Basic Weighted Average Shares Outstanding	386M	398M	430M	457M	467M
Net EPS - Diluted	-0.82	-0.77	-0.95	-0.96	-0.49
Diluted EPS - Continuing Operations	-0.82	-0.77	-0.95	-0.96	-0.49
Diluted Weighted Average Shares Outstanding	386M	398M	430M	457M	467M
Normalized Basic EPS	-0.6	-0.57	-0.63	-0.56	-0.43
Normalized Diluted EPS	-0.6	-0.57	-0.63	-0.56	-0.43
Payout Ratio	-	-	-	-0.34	-3.43
Supplemental Items
EBITDA	-367M	-368M	-439M	-411M	-296M
EBITA	-373M	-379M	-454M	-431M	-320M
EBIT	-373M	-382M	-456M	-435M	-320M
EBITDAR	-365M	-365M	-430M	-403M	-290M
Total Revenues (As Reported)	-	-	552M	524M	807M
Effective Tax Rate - (Ratio)	3.87	9.59	-0.26	-15.54	-0.02
Total Current Taxes	13.04K	-3.96K	-	-	37.32K
Total Deferred Taxes	-12.82M	-32.33M	1.07M	58.96M	19.95K
Normalized Net Income	-230M	-226M	-273M	-256M	-200M
Interest Capitalized	-	-	-	770K	1.27M
Interest on Long-Term Debt	704K	609K	-	-	-
Supplemental Operating Expense Items
Advertising Expense	947K	1.38M	902K	398K	432K
Marketing Expenses	194K	230K	-	-	-
Selling and Marketing Expenses	27.2M	41.57M	45.63M	37.14M	48.06M
General and Administrative Expenses	256M	128M	88.82M	90.27M	68M
Research And Development Expense From Footnotes	148M	261M	325M	248M	224M
Net Rental Expense, Total	1.59M	3.38M	8.19M	8.33M	6.68M
Imputed Operating Lease Interest Expense	-	1.21M	1.53M	2.04M	3.01M
Imputed Operating Lease Depreciation	-	2.16M	6.67M	6.28M	3.67M
Stock-Based Comp., R&D Exp. (Total)	32.53M	75.4M	68.25M	34.96M	32.47M
Stock-Based Comp., S&M Exp. (Total)	8.86M	16.14M	17.2M	9.87M	11.71M
Stock-Based Comp., G&A Exp. (Total)	222M	78.15M	38.05M	21.79M	12.05M
Total Stock-Based Compensation	263M	170M	124M	66.63M	56.23M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	912M	676M	898M	831M	452M
Short Term Investments	253M	-	-	-	-
Trading Asset Securities, Total	25.06M	-	50.06M	10.5M	368M
Total Cash And Short Term Investments	1.19B	676M	948M	841M	821M
Accounts Receivable, Total	1.01M	7.26M	23.5M	106M	148M
Other Receivables	1.72M	1.56M	3.56M	2.92M	1.93M
Total Receivables	2.73M	8.82M	27.06M	109M	150M
Inventory	334M	490M	452M	431M	476M
Other Current Assets, Total	59.11M	120M	103M	105M	147M
Total Current Assets	1.59B	1.29B	1.53B	1.49B	1.59B
Gross Property Plant And Equipment	71.9M	86.98M	160M	235M	272M
Accumulated Depreciation	-24.98M	-43.4M	-58.52M	-77.59M	-100M
Net Property Plant And Equipment	46.92M	43.57M	102M	158M	172M
Long-term Investments	2M	2M	510M	410M	32M
Other Intangibles, Total	7.44M	141M	135M	131M	129M
Deferred Tax Assets Long-Term	29.95M	62.27M	61.2M	2.25M	2.23M
Deferred Charges Long-Term	3.83M	2.82M	589K	5.51M	4.14M
Other Long-Term Assets, Total	56.82M	44.85M	55.29M	18.5M	1.72M
Total Assets	1.73B	1.59B	2.39B	2.21B	1.93B
Liabilities
Accounts Payable, Total	19.68M	7.37M	21.85M	65.6M	61.24M
Accrued Expenses, Total	39.42M	50.41M	61.52M	64.04M	55.74M
Short-term Borrowings	-	-	-	83.65M	39.55M
Current Portion of Long-Term Debt	-	-	-	-	77.52K
Current Portion of Leases	9.98M	6.54M	5.85M	8.62M	5.99M
Current Income Taxes Payable	13.04K	-	-	-	25.36K
Unearned Revenue Current, Total	2.85M	6.97M	4.28M	23.8K	203K
Other Current Liabilities	11.16M	9.31M	13.47M	29.92M	17.6M
Total Current Liabilities	83.12M	80.61M	107M	252M	180M
Long-Term Debt	-	-	-	52.27M	86.87M
Long-Term Leases	7.6M	3.02M	33.91M	26.43M	21.68M
Unearned Revenue Non Current	81.39M	82.37M	80.27M	74.82M	3.99M
Total Liabilities	172M	166M	221M	405M	293M
Common Stock, Total	398M	398M	455M	461M	467M
Additional Paid In Capital	1.41B	1.58B	2.68B	2.74B	2.8B
Retained Earnings	-248M	-552M	-961M	-1.4B	-1.63B
Total Common Equity	1.56B	1.43B	2.17B	1.81B	1.64B
Total Equity	1.56B	1.43B	2.17B	1.81B	1.64B
Total Liabilities And Equity	1.73B	1.59B	2.39B	2.21B	1.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	386M	398M	455M	461M	467M
ECS Total Common Shares Outstanding	386M	398M	455M	461M	467M
Book Value / Share	4.04	3.58	4.77	3.92	3.51
Tangible Book Value	1.55B	1.28B	2.04B	1.68B	1.51B
Tangible Book Value Per Share	4.02	3.22	4.47	3.64	3.24
Total Debt	17.59M	9.56M	39.77M	171M	154M
Net Debt	-1.17B	-667M	-908M	-670M	-667M
Debt Equivalent Oper. Leases	12.72M	27.02M	65.55M	66.61M	53.48M
Account Code - Inventory Valuation	-	6	6	6	6
Inventories - Raw Materials, Total	200M	375M	345M	313M	324M
Inventories - Work In Process, Total	35.24M	26.8M	50.84M	53.87M	71.75M
Inventories - Finished Goods, Total	127M	111M	128M	168M	160M
Buildings, Total	-	-	-	-	103M
Machinery, Total	45.8M	61.8M	87.11M	110M	128M
Full Time Employees	-	299	304	258	244
Accumulated Allowance for Doubtful Accounts (Supple)	53.13K	382K	1.24M	5.6M	7.77M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-318M	-305M	-409M	-438M	-229M
Depreciation & Amortization - CF	14.32M	20.72M	23.32M	30.2M	31.66M
Amortization of Goodwill and Intangible Assets - (CF)	-	2.3M	2.3M	3.45M	868K
Depreciation & Amortization, Total	14.32M	23.02M	25.62M	33.65M	32.52M
Amortization of Deferred Charges, Total - (CF)	1.93M	5.34M	4.92M	5.3M	3.71M
(Gain) Loss From Sale Of Asset	-5.77K	-22.48K	-223K	-33.65K	-158K
(Gain) Loss on Sale of Investments - (CF)	-6.13M	-17.67M	-20.75M	-20.86M	-13.74M
Asset Writedown & Restructuring Costs	-	-	16.65K	1.14K	-
Provision and Write-off of Bad Debts	187K	707K	855K	4.3M	2.12M
Other Operating Activities, Total	26.98M	15.8M	62.45M	59.51M	55.25M
Change In Accounts Receivable	-92.02M	-52.03M	-13.08M	-57.99M	-70.94M
Change In Inventories	-303M	-170M	-23.96M	-44.23M	-79.76M
Change In Accounts Payable	7.64M	1.16M	30.41M	38.13M	-77.16M
Change In Deferred Taxes	-12.82M	-32.33M	1.07M	58.96M	19.95K
Change in Other Net Operating Assets	263M	170M	124M	66.63M	56.32M
Cash from Operations	-418M	-361M	-218M	-295M	-321M
Capital Expenditure	-36.05M	-158M	-46.5M	-69.23M	-61.56M
Sale of Property, Plant, and Equipment	10K	-	2.5K	200K	19.4K
Cash Acquisitions	0	-	-	-	-
Investment in Marketable and Equity Securities, Total	-260M	70M	-345M	150M	30M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	3.23M	21.79M	13.78M	10.05M	4.45M
Cash from Investing	-293M	-66.47M	-378M	91.02M	-27.09M
Long-Term Debt Issued, Total	-	-	-	136M	432M
Total Debt Issued	-	-	-	136M	432M
Long-Term Debt Repaid, Total	-8.34M	-10.22M	-10.12M	-7.93M	-452M
Total Debt Repaid	-8.34M	-10.22M	-10.12M	-7.93M	-452M
Issuance of Common Stock	1.52B	-	1.06B	6.37M	6.94M
Common Dividends Paid	-	-	-	-1.48M	-7.86M
Common & Preferred Stock Dividends Paid	-	-	-	-1.48M	-7.86M
Other Financing Activities, Total	-	-5.81M	-32.33M	-	-
Cash from Financing	1.51B	-16.03M	1.02B	133M	-20.72M
Foreign Exchange Rate Adjustments	-2.38M	2.62M	1.13M	4.13M	-9.3M
Net Change in Cash	799M	-441M	426M	-67.1M	-378M
Supplemental Items
Cash Income Tax Paid (Refund)	-59.58M	-48.97M	-59.02M	-82.06M	-62.27M
Levered Free Cash Flow	-301M	-421M	-114M	-242M	-326M
Unlevered Free Cash Flow	-301M	-420M	-113M	-241M	-321M
Change In Net Working Capital	311M	222M	-64.37M	5.25M	152M
Net Debt Issued / Repaid	-8.34M	-10.22M	-10.12M	128M	-19.81M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-23.61	-14.35	-14.32	-11.8	-9.66
Return on Total Capital	-27.86	-15.83	-15.65	-12.98	-10.62
Return On Equity %	-38.41	-20.42	-22.71	-22.04	-13.29
Return on Common Equity	-38.41	-20.42	-22.71	-22.04	-13.29
Margin Analysis
Gross Profit Margin %	11.46	13.99	0.72	-10.49	2.77
SG&A Margin	55.47	47.97	25.21	25.24	14.78
EBITDA Margin %	-71.34	-103.3	-79.47	-78.42	-36.73
EBITA Margin %	-72.6	-106.36	-82.28	-82.32	-39.58
EBIT Margin %	-72.6	-107	-82.69	-82.98	-39.69
Income From Continuing Operations Margin %	-61.9	-85.49	-74	-83.67	-28.37
Net Income Margin %	-61.9	-85.49	-74	-83.67	-28.37
Net Avail. For Common Margin %	-61.9	-85.49	-74	-83.67	-28.37
Normalized Net Income Margin	-44.8	-63.44	-49.42	-48.81	-24.78
Levered Free Cash Flow Margin	-58.58	-117.95	-20.61	-46.22	-40.4
Unlevered Free Cash Flow Margin	-58.49	-117.85	-20.54	-45.93	-39.79
Asset Turnover
Asset Turnover	0.52	0.21	0.28	0.23	0.39
Fixed Assets Turnover	17.27	7.88	7.59	4.03	4.9
Receivables Turnover (Average Receivables)	499.08	86.28	35.89	8.06	6.35
Inventory Turnover (Average Inventory)	2.34	0.74	1.16	1.31	1.73
Short Term Liquidity
Current Ratio	19.08	16.06	14.29	5.9	8.83
Quick Ratio	14.35	8.5	9.11	3.77	5.38
Operating Cash Flow to Current Liabilities	-5.02	-4.48	-2.03	-1.17	-1.78
Days Sales Outstanding (Average Receivables)	0.73	4.23	10.17	45.4	57.45
Days Outstanding Inventory (Average Inventory)	156.29	490.05	313.4	278.91	210.81
Average Days Payable Outstanding	9.74	10.68	10.46	28.67	27.89
Cash Conversion Cycle (Average Days)	147.28	483.6	313.11	295.64	240.36
Long Term Solvency
Total Debt/Equity	1.13	0.67	1.83	9.46	9.4
Total Debt / Total Capital	1.11	0.67	1.8	8.65	8.59
LT Debt/Equity	0.49	0.21	1.56	4.36	6.62
Long-Term Debt / Total Capital	0.48	0.21	1.53	3.98	6.05
Total Liabilities / Total Assets	9.93	10.43	9.24	18.33	15.15
EBIT / Interest Expense	-530.24	-626.57	-795.13	-176.57	-40.59
EBITDA / Interest Expense	-509.9	-588.77	-750.51	-162.9	-36.47
(EBITDA - Capex) / Interest Expense	-561.13	-848.59	-831.51	-191.01	-44.27
Total Debt / EBITDA	-0.05	-0.03	-0.09	-0.43	-0.54
Net Debt / EBITDA	3.27	1.86	2.11	1.67	2.32
Total Debt / (EBITDA - Capex)	-0.04	-0.02	-0.08	-0.36	-0.44
Net Debt / (EBITDA - Capex)	2.97	1.29	1.9	1.42	1.91
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	147.93	-30.6	54.77	-5.08	54.06
Gross Profit, 1 Yr. Growth %	1.03K	-15.28	-92.05	-1.48K	-140.73
EBITDA, 1 Yr. Growth %	217.66	0.49	20.04	-5.75	-27.93
EBITA, 1 Yr. Growth %	217.5	1.67	20.68	-4.46	-26.01
EBIT, 1 Yr. Growth %	217.5	2.29	19.72	-4.75	-26.32
Earnings From Cont. Operations, 1 Yr. Growth %	230.73	-4.16	33.98	7.32	-47.76
Net Income, 1 Yr. Growth %	230.73	-4.16	33.98	7.32	-47.76
Normalized Net Income, 1 Yr. Growth %	214.38	-1.74	20.58	-6.27	-21.76
Diluted EPS Before Extra, 1 Yr. Growth %	-	-6.56	23.38	1.05	-48.96
Accounts Receivable, 1 Yr. Growth %	-3.87	619.03	223.79	353.09	38.64
Inventory, 1 Yr. Growth %	500.98	46.55	-7.78	-4.58	10.43
Net Property, Plant and Equip., 1 Yr. Growth %	271.99	-7.13	133.9	54.85	8.75
Total Assets, 1 Yr. Growth %	613.61	-8.16	50.35	-7.57	-12.58
Tangible Book Value, 1 Yr. Growth %	1.52K	-17.32	58.58	-17.74	-9.77
Common Equity, 1 Yr. Growth %	1.53K	-8.66	52.35	-16.83	-9.18
Cash From Operations, 1 Yr. Growth %	337	-13.57	-39.69	35.54	8.74
Capital Expenditures, 1 Yr. Growth %	122.57	338.97	-70.62	48.88	-11.08
Levered Free Cash Flow, 1 Yr. Growth %	-	39.74	-72.95	112.9	32.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-	39.82	-73.01	112.22	31.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	31.17	3.64	21.2	20.93
Gross Profit, 2 Yr. CAGR %	-	209.87	-74.04	4.93	137.48
EBITDA, 2 Yr. CAGR %	-	78.67	9.38	6.04	-17.54
EBITA, 2 Yr. CAGR %	-	79.67	10.33	7.06	-15.88
EBIT, 2 Yr. CAGR %	-	80.21	10.61	6.79	-16.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-	78.04	13.32	19.91	-25.13
Net Income, 2 Yr. CAGR %	-	78.04	13.32	19.91	-25.13
Normalized Net Income, 2 Yr. CAGR %	-	75.76	8.85	6.31	-14.37
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	7.37	11.66	-28.18
Accounts Receivable, 2 Yr. CAGR %	-	162.91	382.5	283.02	150.64
Inventory, 2 Yr. CAGR %	-	196.78	16.25	-6.2	2.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-	85.87	47.39	90.32	29.77
Total Assets, 2 Yr. CAGR %	-	156.01	17.51	17.88	-10.11
Tangible Book Value, 2 Yr. CAGR %	-	265.95	14.5	14.21	-13.85
Common Equity, 2 Yr. CAGR %	-	285.56	17.96	12.57	-13.09
Cash From Operations, 2 Yr. CAGR %	-	94.35	-27.8	-9.59	21.4
Capital Expenditures, 2 Yr. CAGR %	-	212.57	13.57	-33.86	15.06
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-38.53	-24.11	69.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-38.58	-24.31	68.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	38.61	0.65	31.29
Gross Profit, 3 Yr. CAGR %	-	-	-8.6	-2.29	-23.46
EBITDA, 3 Yr. CAGR %	-	-	56.06	3.87	-6.73
EBITA, 3 Yr. CAGR %	-	-	56.93	4.95	-5.31
EBIT, 3 Yr. CAGR %	-	-	57.19	5.23	-5.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	61.94	11.28	-9.1
Net Income, 3 Yr. CAGR %	-	-	61.94	11.28	-9.1
Normalized Net Income, 3 Yr. CAGR %	-	-	55.01	3.56	-4.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	5.22	-13.99
Accounts Receivable, 3 Yr. CAGR %	-	-	181.81	372.49	172.97
Inventory, 3 Yr. CAGR %	-	-	101.01	8.85	-0.95
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	100.67	49.84	57.93
Total Assets, 3 Yr. CAGR %	-	-	114.39	8.47	6.7
Tangible Book Value, 3 Yr. CAGR %	-	-	176.93	2.55	5.58
Common Equity, 3 Yr. CAGR %	-	-	182.93	4.99	4.79
Cash From Operations, 3 Yr. CAGR %	-	-	31.58	-10.94	-3.85
Capital Expenditures, 3 Yr. CAGR %	-	-	42.12	24.29	-27
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-7	-8.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-7.15	-8.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	31.25
Gross Profit, 5 Yr. CAGR %	-	-	-	-	33.91
EBITDA, 5 Yr. CAGR %	-	-	-	-	20.77
EBITA, 5 Yr. CAGR %	-	-	-	-	22.14
EBIT, 5 Yr. CAGR %	-	-	-	-	22.21
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	18.94
Net Income, 5 Yr. CAGR %	-	-	-	-	18.94
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	22.26
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	168.9
Inventory, 5 Yr. CAGR %	-	-	-	-	53.63
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	68.56
Total Assets, 5 Yr. CAGR %	-	-	-	-	51.43
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	73.59
Common Equity, 5 Yr. CAGR %	-	-	-	-	76.46
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	27.41
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	30.61