TECHSTORM ADVANCED MATERIAL CORPORATION LIMITED

Cash flow Techstorm Advanced Material Corporation Limited

Equities

601026

CNE1000078N9

Specialty Chemicals

End-of-day quote Shanghai S.E. Other stock markets 20/04/2026			5-day change	1st Jan Change
18.65 ^CNY	-0.32%		+0.97%	-6.80%

02-23

Doitech Semiconductor Advanced Material Co.,Ltd. announced that it has received CNY 10 million in funding from Techstorm Advanced Material Corporation Limited

83e51fb728c075a23168eb42457.OiXqB5ippssiKmOjxoODAszhCag9C5PwzuoyKge9Qsg.ZWqbQsmd_PpGZy7WhOfNWI_RYJ9lZvGD-KtcblTeMvB2cd5BofqQhxtuJg

Published financial data: TECHSTORM ADVANCED MATERIAL CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.33B	3.11B	3.44B	3.2B	3.23B
Other Revenues, Total	1.04M	19.08M	587K	1.1M	6.94M
Total Revenues	3.33B	3.13B	3.44B	3.2B	3.24B
Cost of Goods Sold, Total	2.91B	2.88B	3.08B	2.83B	2.87B
Gross Profit	423M	249M	353M	371M	372M
Selling General & Admin Expenses, Total	91.67M	76.38M	97.27M	129M	115M
Provision for Bad Debts	68.75M	25.91K	24.26M	-21.5M	5.57M
R&D Expenses	75.94M	78.9M	94.07M	102M	87.69M
Other Operating Expenses	-9.61M	-18.63M	-1.22M	-20.98M	-30.13M
Other Operating Expenses, Total	227M	137M	214M	188M	178M
Operating Income	196M	112M	138M	183M	193M
Interest Expense, Total	-6.14M	-12.11M	-16.85M	-15.82M	-14.75M
Interest And Investment Income	2.06M	3.3M	5.55M	4.28M	2.68M
Net Interest Expenses	-4.07M	-8.81M	-11.3M	-11.54M	-12.07M
Currency Exchange Gains (Loss)	-1.11M	-800K	3.2M	554K	-1.09M
Other Non Operating Income (Expenses)	-7.26M	624K	-3.94M	-1.49M	-1.56M
EBT, Excl. Unusual Items	183M	103M	126M	171M	178M
Gain (Loss) On Sale Of Investments	-2.58M	-5.37M	-8.6M	-2.92M	-9.54M
Gain (Loss) On Sale Of Assets	108K	-	292K	411K	536K
Asset Writedown	20	20	-	-	-
EBT, Incl. Unusual Items	181M	97.87M	118M	168M	169M
Income Tax Expense	42.19M	13.19M	9.95M	16.65M	13.92M
Earnings From Continuing Operations	139M	84.68M	108M	152M	155M
Net Income to Company	139M	84.68M	108M	152M	155M
Minority Interest	-1.23M	804K	2.43M	3.06M	-635K
Net Income - (IS)	138M	85.49M	110M	155M	155M
Net Income to Common Incl Extra Items	138M	85.49M	110M	155M	155M
Net Income to Common Excl. Extra Items	138M	85.49M	110M	155M	155M
Per Share Items
Net EPS - Basic	0.33	0.2	0.26	0.29	0.29
Basic EPS - Continuing Operations	0.33	0.2	0.26	0.29	0.29
Basic Weighted Average Shares Outstanding	417M	427M	424M	534M	534M
Net EPS - Diluted	0.33	0.2	0.26	0.29	0.29
Diluted EPS - Continuing Operations	0.33	0.2	0.26	0.29	0.29
Diluted Weighted Average Shares Outstanding	417M	427M	424M	534M	534M
Normalized Basic EPS	0.27	0.15	0.19	0.21	0.21
Normalized Diluted EPS	0.27	0.15	0.19	0.21	0.21
Payout Ratio	29.58	190.19	33.04	49.1	10.59
Supplemental Items
EBITDA	203M	122M	156M	227M	260M
EBITA	196M	112M	138M	184M	194M
EBIT	196M	112M	138M	183M	193M
EBITDAR	207M	123M	158M	228M	262M
Total Revenues (As Reported)	3.33B	3.13B	3.44B	-	-
Effective Tax Rate - (Ratio)	23.32	13.47	8.45	9.89	8.22
Normalized Net Income	113M	65.33M	81.23M	110M	111M
Supplemental Operating Expense Items
Marketing Expenses	2.57M	786K	4.22M	4.02M	3.31M
Selling and Marketing Expenses	30.47M	33.59M	45.89M	58.96M	54.68M
General and Administrative Expenses	56.71M	41.85M	50.08M	69.13M	60.15M
Research And Development Expense From Footnotes	75.94M	78.9M	94.07M	102M	87.69M
Net Rental Expense, Total	4.48M	945K	1.95M	1.66M	2.12M
Imputed Operating Lease Interest Expense	-	293K	590K	406K	451K
Imputed Operating Lease Depreciation	-	652K	1.36M	1.25M	1.67M
Stock-Based Comp., R&D Exp. (Total)	4.96M	207K	592K	2.96M	1.92M
Stock-Based Comp., S&M Exp. (Total)	5.77M	1.27M	1.68M	3.94M	2.13M
Stock-Based Comp., G&A Exp. (Total)	20.17M	4.25M	1.26M	5.1M	3.02M
Total Stock-Based Compensation	30.9M	5.72M	3.54M	12M	7.07M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	688M	506M	621M	429M	856M
Trading Asset Securities, Total	-	-	200M	-	-
Total Cash And Short Term Investments	688M	506M	821M	429M	856M
Accounts Receivable, Total	1.46B	1.2B	1.51B	1.11B	1.21B
Other Receivables	154M	152M	362M	645M	298M
Total Receivables	1.62B	1.35B	1.87B	1.76B	1.51B
Inventory	178M	282M	227M	216M	267M
Other Current Assets, Total	34.31M	49.29M	52.2M	87.28M	89.01M
Total Current Assets	2.52B	2.19B	2.97B	2.49B	2.72B
Gross Property Plant And Equipment	78.34M	289M	636M	881M	1.05B
Accumulated Depreciation	-19.1M	-25.15M	-39.75M	-59.81M	-108M
Net Property Plant And Equipment	59.23M	264M	596M	821M	943M
Long-term Investments	302K	22.64M	35.15M	41.9M	49.25M
Other Intangibles, Total	243K	136K	14.41M	26.71M	30.35M
Deferred Tax Assets Long-Term	37.19M	32.78M	36.04M	32.92M	37.23M
Deferred Charges Long-Term	3.32M	30.03M	69.41M	81.9M	87.78M
Other Long-Term Assets, Total	18.79M	10.46M	40.03M	23.93M	10.51M
Total Assets	2.64B	2.55B	3.76B	3.52B	3.88B
Liabilities
Accounts Payable, Total	948M	1.09B	1.36B	1.26B	1.32B
Accrued Expenses, Total	27.13M	13.14M	21.3M	30.26M	20.71M
Short-term Borrowings	253M	237M	196M	95.09M	196M
Current Income Taxes Payable	19.07M	1.49M	12.9M	-	13.16M
Unearned Revenue Current, Total	837K	2.56M	44.09K	176K	15.61M
Other Current Liabilities	520M	246M	256M	31.06M	36.3M
Total Current Liabilities	1.77B	1.59B	1.85B	1.41B	1.61B
Long-Term Debt	-	-	183M	271M	254M
Long-Term Leases	-	134M	141M	147M	143M
Unearned Revenue Non Current	-	9.95M	8.88M	13.43M	47.09M
Deferred Tax Liability Non Current	-	-	1.7M	1.99M	1.82M
Total Liabilities	1.77B	1.74B	2.18B	1.85B	2.05B
Common Stock, Total	432M	432M	528M	528M	528M
Additional Paid In Capital	272M	278M	808M	820M	827M
Retained Earnings	169M	94.39M	175M	269M	424M
Treasury Stock	-10.5M	-10.5M	-	-	-
Comprehensive Income and Other	-	14.91M	23.19M	23.19M	23.36M
Total Common Equity	863M	809M	1.53B	1.64B	1.8B
Minority Interest	4.77M	4.36M	40.93M	30.06M	25.92M
Total Equity	868M	813M	1.57B	1.67B	1.83B
Total Liabilities And Equity	2.64B	2.55B	3.76B	3.52B	3.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	417M	427M	528M	528M	528M
ECS Total Common Shares Outstanding	417M	427M	528M	-	528M
Book Value / Share	2.07	1.89	2.91	3.11	3.41
Tangible Book Value	863M	809M	1.52B	1.61B	1.77B
Tangible Book Value Per Share	2.07	1.89	2.88	3.06	3.36
Total Debt	253M	371M	520M	513M	594M
Net Debt	-435M	-135M	-302M	83.97M	-262M
Debt Equivalent Oper. Leases	35.87M	7.56M	15.6M	13.26M	16.94M
Minority Interest, Total (Incl. Fin. Div)	4.77M	4.36M	40.93M	30.06M	25.92M
Account Code - Inventory Valuation	-	-	6	-	6
Inventories - Raw Materials, Total	100M	96.51M	46.66M	82.92M	92.48M
Inventories - Work In Process, Total	3.82M	10.31M	6.83M	16.22M	19.74M
Inventories - Finished Goods, Total	74.6M	175M	173M	145M	172M
Buildings, Total	-	-	104M	255M	340M
Machinery, Total	54.01M	98.51M	126M	186M	461M
Full Time Employees	-	-	535	-	664
Accumulated Allowance for Doubtful Accounts (Supple)	162M	149M	172M	59.43M	71.9M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	138M	85.49M	110M	155M	155M
Depreciation & Amortization - CF	6.82M	21.8M	35.47M	42.9M	65.7M
Amortization of Goodwill and Intangible Assets - (CF)	107K	107K	122K	372K	946K
Depreciation & Amortization, Total	6.93M	21.91M	35.59M	43.27M	66.65M
Amortization of Deferred Charges, Total - (CF)	4.65M	2.25M	7.95M	9.19M	10.58M
(Gain) Loss From Sale Of Asset	-108K	-	-292K	-411K	-536K
(Gain) Loss on Sale of Investments - (CF)	-9.7K	-887K	34.6K	-949K	2.4M
Asset Writedown & Restructuring Costs	104M	4.23M	44.71M	234K	72.8K
Provision for Credit Losses	-	-	-	250K	-1.9M
Provision and Write-off of Bad Debts	-	-	-	-21.5M	5.57M
Other Operating Activities, Total	8.31M	12.18M	11.44M	36.32M	27.8M
Change In Accounts Receivable	-1.02B	-206M	-876M	78.75M	-15.93M
Change In Inventories	-147M	-109M	38.48M	-17.34M	-58.74M
Change In Accounts Payable	893M	-162M	274M	-335M	208M
Change In Deferred Taxes	-7M	1.77M	-4.72M	3.01M	-4.48M
Change in Other Net Operating Assets	33.52M	5.72M	3.54M	12M	7.29M
Cash from Operations	15.61M	-345M	-355M	-37.73M	401M
Capital Expenditure	-38.42M	-93.63M	-349M	-251M	-114M
Sale of Property, Plant, and Equipment	108K	-	495K	713K	658K
Investment in Marketable and Equity Securities, Total	-350K	-2.48M	-203M	184M	-14.75M
Other Investing Activities, Total	-9.41M	-12.19M	-	2.2M	12.38K
Cash from Investing	-48.07M	-108M	-551M	-64.43M	-128M
Long-Term Debt Issued, Total	43.1M	94.61M	356M	204M	296M
Total Debt Issued	43.1M	94.61M	356M	204M	296M
Long-Term Debt Repaid, Total	-3.1M	-40M	-132M	-136M	-211M
Total Debt Repaid	-3.1M	-40M	-132M	-136M	-211M
Issuance of Common Stock	27.79M	3.6M	624M	-	-
Common Dividends Paid	-40.68M	-163M	-36.43M	-76.01M	-16.4M
Common & Preferred Stock Dividends Paid	-40.68M	-163M	-36.43M	-76.01M	-16.4M
Other Financing Activities, Total	325M	243M	188M	-22.8M	52.84M
Cash from Financing	352M	138M	999M	-31.27M	122M
Foreign Exchange Rate Adjustments	3.09K	-45.59K	31.86K	30.23K	57.43K
Net Change in Cash	319M	-315M	92.33M	-133M	395M
Supplemental Items
Cash Income Tax Paid (Refund)	74.46M	75.36M	51.37M	65.83M	-10M
Levered Free Cash Flow	-	-15.92M	-390M	-330M	366M
Unlevered Free Cash Flow	-	-8.34M	-380M	-320M	375M
Change In Net Working Capital	-	14.73M	164M	248M	-284M
Net Debt Issued / Repaid	40M	54.61M	224M	67.54M	85.46M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	2.71	2.74	3.15	3.26
Return on Total Capital	-	6.08	5.27	5.36	5.24
Return On Equity %	-	10.08	9.03	9.36	8.89
Return on Common Equity	-	10.23	9.41	9.76	9
Margin Analysis
Gross Profit Margin %	12.68	7.96	10.26	11.6	11.47
SG&A Margin	2.75	2.44	2.83	4.02	3.56
EBITDA Margin %	6.09	3.9	4.55	7.08	8.02
EBITA Margin %	5.88	3.59	4.02	5.74	5.99
EBIT Margin %	5.88	3.59	4.02	5.73	5.96
Income From Continuing Operations Margin %	4.16	2.71	3.14	4.74	4.8
Net Income Margin %	4.13	2.73	3.21	4.84	4.78
Net Avail. For Common Margin %	4.13	2.73	3.21	4.84	4.78
Normalized Net Income Margin	3.4	2.09	2.36	3.43	3.42
Levered Free Cash Flow Margin	-	-0.51	-11.35	-10.31	11.29
Unlevered Free Cash Flow Margin	-	-0.27	-11.05	-10	11.58
Asset Turnover
Asset Turnover	-	1.21	1.09	0.88	0.88
Fixed Assets Turnover	-	19.36	7.99	4.52	3.67
Receivables Turnover (Average Receivables)	-	2.33	2.54	2.45	2.78
Inventory Turnover (Average Inventory)	-	12.49	12.12	12.79	11.87
Short Term Liquidity
Current Ratio	1.42	1.37	1.6	1.76	1.7
Quick Ratio	1.3	1.17	1.45	1.55	1.47
Operating Cash Flow to Current Liabilities	0.01	-0.22	-0.19	-0.03	0.25
Days Sales Outstanding (Average Receivables)	-	156.33	143.77	149.17	131.48
Days Outstanding Inventory (Average Inventory)	-	29.22	30.11	28.54	30.84
Average Days Payable Outstanding	-	124.91	148.05	185.07	161.83
Cash Conversion Cycle (Average Days)	-	60.64	25.83	-7.36	0.49
Long Term Solvency
Total Debt/Equity	29.19	45.65	33.02	30.73	32.51
Total Debt / Total Capital	22.59	31.34	24.83	23.51	24.53
LT Debt/Equity	-	16.45	20.56	25.03	21.75
Long-Term Debt / Total Capital	-	11.3	15.46	19.15	16.42
Total Liabilities / Total Assets	67.08	68.11	58.12	52.52	52.89
EBIT / Interest Expense	31.92	9.26	8.2	11.59	13.1
EBITDA / Interest Expense	33.05	11.07	10.31	14.33	17.62
(EBITDA - Capex) / Interest Expense	26.79	3.34	-10.41	-1.56	9.87
Total Debt / EBITDA	1.25	2.77	2.99	2.26	2.29
Net Debt / EBITDA	-2.14	-1.01	-1.74	0.37	-1.01
Total Debt / (EBITDA - Capex)	1.54	9.17	-2.96	-20.77	4.08
Net Debt / (EBITDA - Capex)	-2.65	-3.33	1.72	-3.4	-1.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-6.17	9.89	-6.81	1.13
Gross Profit, 1 Yr. Growth %	-	-41.1	41.62	5.34	0.07
EBITDA, 1 Yr. Growth %	-	-39.92	28.45	30.47	14.61
EBITA, 1 Yr. Growth %	-	-42.67	23.08	32.91	5.61
EBIT, 1 Yr. Growth %	-	-42.7	23.08	32.76	5.31
Earnings From Cont. Operations, 1 Yr. Growth %	-	-38.96	27.33	40.46	2.45
Net Income, 1 Yr. Growth %	-	-37.83	28.97	40.12	0.01
Normalized Net Income, 1 Yr. Growth %	-	-42.39	24.34	35.23	0.9
Diluted EPS Before Extra, 1 Yr. Growth %	-	-39.39	30	11.54	0
Accounts Receivable, 1 Yr. Growth %	-	-17.86	25.43	-26.25	9.06
Inventory, 1 Yr. Growth %	-	58.09	-19.72	-4.59	23.49
Net Property, Plant and Equip., 1 Yr. Growth %	-	345.42	125.83	37.84	14.82
Total Assets, 1 Yr. Growth %	-	-3.23	47.39	-6.44	10.31
Tangible Book Value, 1 Yr. Growth %	-	-6.23	87.79	6.21	9.81
Common Equity, 1 Yr. Growth %	-	-6.24	89.54	6.95	9.87
Cash From Operations, 1 Yr. Growth %	-	-2.31K	2.92	-89.37	-1.16K
Capital Expenditures, 1 Yr. Growth %	-	143.69	272.82	-28	-54.54
Levered Free Cash Flow, 1 Yr. Growth %	-	-	2.35K	-15.36	-210.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	4.45K	-15.62	-217.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	1.54	1.19	-2.92
Gross Profit, 2 Yr. CAGR %	-	-	-8.67	22.13	2.67
EBITDA, 2 Yr. CAGR %	-	-	-12.15	36.4	22.28
EBITA, 2 Yr. CAGR %	-	-	-16	27.9	18.48
EBIT, 2 Yr. CAGR %	-	-	-16.02	27.83	18.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-11.84	33.86	19.96
Net Income, 2 Yr. CAGR %	-	-	-10.46	34.57	18.38
Normalized Net Income, 2 Yr. CAGR %	-	-	-15.36	29.69	16.81
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-11.24	20.42	5.61
Accounts Receivable, 2 Yr. CAGR %	-	-	1.5	-3.82	-10.32
Inventory, 2 Yr. CAGR %	-	-	12.66	-12.48	8.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	217.16	76.43	25.8
Total Assets, 2 Yr. CAGR %	-	-	19.43	17.43	1.59
Tangible Book Value, 2 Yr. CAGR %	-	-	32.7	41.21	7.99
Common Equity, 2 Yr. CAGR %	-	-	33.31	42.36	8.4
Cash From Operations, 2 Yr. CAGR %	-	-	376.82	-66.92	6.32
Capital Expenditures, 2 Yr. CAGR %	-	-	201.42	63.84	-42.79
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	355.45	-3.18
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	519.52	-0.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-1.32	1.17
Gross Profit, 3 Yr. CAGR %	-	-	-	-4.22	14.28
EBITDA, 3 Yr. CAGR %	-	-	-	3.78	28.71
EBITA, 3 Yr. CAGR %	-	-	-	-2.12	19.99
EBIT, 3 Yr. CAGR %	-	-	-	-2.17	19.83
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	3.03	22.45
Net Income, 3 Yr. CAGR %	-	-	-	4.03	21.89
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-1.05	19.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-4.22	13.19
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-8.75	0.29
Inventory, 3 Yr. CAGR %	-	-	-	6.59	-1.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	140.24	52.89
Total Assets, 3 Yr. CAGR %	-	-	-	10.09	15.01
Tangible Book Value, 3 Yr. CAGR %	-	-	-	23.19	29.85
Common Equity, 3 Yr. CAGR %	-	-	-	23.86	30.58
Cash From Operations, 3 Yr. CAGR %	-	-	-	34.2	5.18
Capital Expenditures, 3 Yr. CAGR %	-	-	-	87.02	6.86
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	184.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	255.5