Balance Sheet Wingtech Technology Co.,Ltd

Equities

600745

CNE000000M72

Phones & Handheld Devices

End-of-day quote Shanghai S.E. Other stock markets 06/09/2024			5-day change	1st Jan Change
25.24 ^CNY	-2.28%		-3.30%	-40.35%

08-30	Jefferies Adjusts Wingtech Technology's Price Target to 40 Yuan From 47 Yuan, Keeps at Buy	MT
08-29	Wingtech Technology's H1 Profit Dips 89%, Operating Income Rises 15%; Shares Up 3%	MT

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Published financial data: WINGTECH TECHNOLOGY CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	41.5B	51.58B	52.66B	57.98B	61.13B
Other Revenues, Total	76.34M	128M	72M	95.37M	83.97M
Total Revenues	41.58B	51.71B	52.73B	58.08B	61.21B
Cost of Goods Sold, Total	37.37B	44.01B	44.31B	47.85B	51.43B
Gross Profit	4.21B	7.7B	8.42B	10.23B	9.79B
Selling General & Admin Expenses, Total	1.06B	2.42B	2.8B	3.21B	3.13B
Provision for Bad Debts	3.5M	8.91M	3.65M	111M	15M
R&D Expenses	1.29B	2.16B	2.66B	3.39B	3.06B
Other Operating Expenses	55.45M	89.31M	75.16M	89.24M	140M
Other Operating Expenses, Total	2.41B	4.68B	5.54B	6.81B	6.34B
Operating Income	1.8B	3.02B	2.87B	3.42B	3.44B
Interest Expense, Total	-568M	-627M	-565M	-767M	-777M
Interest And Investment Income	604M	282M	171M	230M	187M
Net Interest Expenses	35.84M	-345M	-394M	-537M	-590M
Currency Exchange Gains (Loss)	-31.2M	-258M	77.36M	52.38M	51.39M
Other Non Operating Income (Expenses)	12.04M	-32.22M	1.68M	-20.93M	-6.83M
EBT, Excl. Unusual Items	1.82B	2.39B	2.56B	2.91B	2.9B
Restructuring Charges	-52.66M	-	-	-	-
Impairment of Goodwill	-	-	-	-606M	-494M
Gain (Loss) On Sale Of Investments	19.53M	158M	71.83M	-371M	4.48M
Gain (Loss) On Sale Of Assets	-1.19M	-4.45M	1.72M	-1.52M	-253M
Asset Writedown	-292M	-21.45M	-29.8M	-211M	-415M
Other Unusual Items	-15.79M	131M	372M	386M	240M
EBT, Incl. Unusual Items	1.47B	2.65B	2.97B	2.11B	1.98B
Income Tax Expense	93.77M	192M	460M	747M	1.01B
Earnings From Continuing Operations	1.38B	2.46B	2.51B	1.36B	967M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.38B	2.46B	2.51B	1.36B	967M
Minority Interest	-126M	-44.28M	98.63M	99.67M	215M
Net Income - (IS)	1.25B	2.42B	2.61B	1.46B	1.18B
Net Income to Common Incl Extra Items	1.25B	2.42B	2.61B	1.46B	1.18B
Net Income to Common Excl. Extra Items	1.25B	2.42B	2.61B	1.46B	1.18B
Per Share Items
Net EPS - Basic	1.76	2.06	2.11	1.18	0.95
Basic EPS - Continuing Operations	1.76	2.06	2.11	1.18	0.95
Basic Weighted Average Shares Outstanding	712M	1.17B	1.24B	1.24B	1.24B
Net EPS - Diluted	1.76	2.06	2.11	1.18	0.95
Diluted EPS - Continuing Operations	1.76	2.06	2.11	1.18	0.95
Diluted Weighted Average Shares Outstanding	712M	1.17B	1.24B	1.24B	1.24B
Normalized Basic EPS	1.42	1.24	1.37	1.55	1.63
Normalized Diluted EPS	1.42	1.24	1.37	1.55	1.63
Dividend Per Share	0.15	0.16	0.2	-	0.12
Payout Ratio	32.16	28.76	18.39	30.67	25.57
Supplemental Items
EBITDA	2.35B	4.47B	4.4B	5.62B	5.92B
EBITA	2.05B	3.53B	3.47B	4.25B	4.44B
EBIT	1.8B	3.02B	2.87B	3.42B	3.44B
EBITDAR	2.42B	4.61B	4.45B	5.67B	6.15B
Total Revenues (As Reported)	41.58B	51.71B	52.73B	58.08B	61.21B
Effective Tax Rate - (Ratio)	6.37	7.24	15.46	35.46	51.19
Total Current Taxes	184M	369M	241M	717M	341M
Total Deferred Taxes	-89.99M	-178M	218M	29.64M	672M
Normalized Net Income	1.01B	1.45B	1.7B	1.92B	2.03B
Interest Capitalized	-	821K	6M	3.23M	989K
Interest on Long-Term Debt	-	-	163M	383M	409M
Non-Cash Pension Expense	5.41M	9.68M	6.59M	7.73M	11.16M
Supplemental Operating Expense Items
Advertising Expense	872K	-	-	-	-
Marketing Expenses	31K	185M	21.17M	21.98M	14.88M
Selling and Marketing Expenses	474M	1.07B	750M	895M	855M
General and Administrative Expenses	521M	1.22B	2.01B	2.29B	2.25B
Research And Development Expense From Footnotes	1.32B	2.22B	2.69B	3.39B	3.06B
Net Rental Expense, Total	69.08M	140M	55.46M	42.68M	233M
Imputed Operating Lease Interest Expense	34.5M	55.55M	20.52M	14.66M	76.09M
Imputed Operating Lease Depreciation	34.58M	84.87M	34.94M	28.02M	157M
Maintenance & Repair Expenses, Total	14.97M	9.73M	9.43M	23.67M	30.85M
Stock-Based Comp., R&D Exp. (Total)	-	111M	151M	112M	6.78M
Stock-Based Comp., S&M Exp. (Total)	-	17.88M	17.4M	14.52M	997K
Stock-Based Comp., G&A Exp. (Total)	-	185M	265M	211M	5.87M
Stock-Based Comp., Other (Total)	-	3.96M	152M	300M	125M
Total Stock-Based Compensation	-	318M	585M	638M	139M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	7.71B	5.75B	10.51B	8.83B	6.21B
Short Term Investments	-	-	-	84.86M	-
Trading Asset Securities, Total	1.54B	4.33B	2.72B	812M	1.19B
Total Cash And Short Term Investments	9.25B	10.08B	13.23B	9.72B	7.4B
Accounts Receivable, Total	14.02B	7.12B	9.3B	8.28B	9.11B
Other Receivables	995M	451M	336M	345M	289M
Total Receivables	15.02B	7.57B	9.64B	8.62B	9.4B
Inventory	5.68B	6.13B	6.3B	10.13B	10.6B
Prepaid Expenses	68.4M	82.18M	86.21M	56.67M	77.16M
Other Current Assets, Total	807M	1.06B	1.19B	1.29B	2.27B
Total Current Assets	30.82B	24.93B	30.45B	29.83B	29.75B
Gross Property Plant And Equipment	8.25B	7.64B	13.95B	19.47B	20.73B
Accumulated Depreciation	-2.65B	-1.49B	-2.6B	-4.07B	-5.24B
Net Property Plant And Equipment	5.61B	6.16B	11.35B	15.4B	15.48B
Long-term Investments	434M	455M	783M	933M	869M
Goodwill	22.7B	22.7B	22.7B	22.19B	21.7B
Other Intangibles, Total	4.08B	3.92B	4.53B	4.99B	5.58B
Deferred Tax Assets Long-Term	509M	664M	1.03B	1.28B	1.22B
Deferred Charges Long-Term	827M	886M	1.31B	1.75B	2.06B
Other Long-Term Assets, Total	160M	184M	438M	304M	310M
Total Assets	65.13B	59.89B	72.58B	76.69B	76.97B
Liabilities
Accounts Payable, Total	21.56B	17.31B	15.27B	14.04B	14.76B
Accrued Expenses, Total	1.55B	1.03B	1.06B	1.34B	1.05B
Short-term Borrowings	2.78B	450M	3.54B	7.95B	9.29B
Current Portion of Long-Term Debt	1.8B	759M	620M	453M	109M
Current Portion of Leases	-	-	185M	189M	168M
Current Income Taxes Payable	336M	206M	191M	198M	105M
Unearned Revenue Current, Total	-	131M	96.34M	68.4M	16.99M
Other Current Liabilities	3.04B	1.59B	2.76B	2.43B	2.15B
Total Current Liabilities	31.07B	21.48B	23.73B	26.67B	27.65B
Long-Term Debt	11.31B	7.8B	11.41B	10.17B	8.22B
Long-Term Leases	157M	330M	683M	621M	437M
Unearned Revenue Non Current	52.07M	119M	423M	477M	544M
Pension & Other Post Retirement Benefits	371M	473M	427M	374M	366M
Deferred Tax Liability Non Current	524M	485M	1.12B	1.48B	1.91B
Other Non Current Liabilities	231M	126M	272M	275M	171M
Total Liabilities	43.71B	30.82B	38.06B	40.08B	39.3B
Common Stock, Total	1.12B	1.24B	1.25B	1.25B	1.24B
Additional Paid In Capital	18.27B	24.32B	24.92B	25.3B	25.22B
Retained Earnings	1.83B	4.07B	6.42B	7.62B	8.75B
Treasury Stock	-	-444M	-294M	-197M	-200M
Comprehensive Income and Other	-29.1M	-139M	1.41B	1.93B	2.15B
Total Common Equity	21.19B	29.06B	33.7B	35.9B	37.17B
Minority Interest	233M	14.91M	817M	715M	499M
Total Equity	21.42B	29.07B	34.52B	36.61B	37.67B
Total Liabilities And Equity	65.13B	59.89B	72.58B	76.69B	76.97B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.12B	1.25B	1.25B	1.25B	1.24B
ECS Total Common Shares Outstanding	1.12B	1.24B	1.25B	1.25B	1.24B
Book Value / Share	18.85	23.34	27.04	28.8	30.01
Tangible Book Value	-5.58B	2.44B	6.47B	8.72B	9.89B
Tangible Book Value Per Share	-4.97	1.96	5.19	7	7.98
Total Debt	16.04B	9.34B	16.43B	19.39B	18.22B
Net Debt	6.79B	-736M	3.2B	9.66B	10.82B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	428M	350M	282M	286M
Debt Equivalent Oper. Leases	553M	1.12B	444M	341M	1.86B
Minority Interest, Total (Incl. Fin. Div)	233M	14.91M	817M	715M	499M
Equity Method Investments, Total	42.34M	176M	117M	276M	277M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.62B	2.96B	3.99B	3.26B	3.06B
Inventories - Work In Process, Total	1.89B	2.25B	1.62B	2.49B	2.95B
Inventories - Finished Goods, Total	1.46B	1.26B	1.1B	5.03B	5.2B
Inventories - Others	-	-	204K	-	-
Buildings, Total	1.07B	1.4B	2.55B	4.15B	5.38B
Machinery, Total	6.11B	4.62B	7.18B	10.07B	10.56B
Full Time Employees	22.47K	25.1K	31.66K	34.05K	31.5K
Assets under Capital Lease - Gross	586M	921M	654M	-	-
Assets under Capital Lease - Accumulated Depreciation	-228M	-307M	-183M	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	36.5M	9.84M	18.16M	132M	147M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.25B	2.42B	2.61B	1.46B	1.18B
Depreciation & Amortization - CF	298M	944M	1.17B	1.59B	1.7B
Amortization of Goodwill and Intangible Assets - (CF)	249M	502M	594M	829M	997M
Depreciation & Amortization, Total	547M	1.45B	1.76B	2.42B	2.69B
Amortization of Deferred Charges, Total - (CF)	96.56M	183M	202M	294M	327M
(Gain) Loss From Sale Of Asset	8.5M	4.45M	-1.72M	1.54M	439M
(Gain) Loss on Sale of Investments - (CF)	-582M	-375M	-139M	310M	-29.53M
Asset Writedown & Restructuring Costs	291M	21.45M	29.8M	817M	699M
Provision and Write-off of Bad Debts	3.5M	8.91M	3.65M	111M	15M
Other Operating Activities, Total	781M	995M	417M	809M	537M
Change In Accounts Receivable	-26.79B	5.8B	-2.57B	862M	-826M
Change In Inventories	-2.43B	-542M	-207M	-4.15B	-570M
Change In Accounts Payable	32.63B	-4.02B	-1.16B	-1.34B	732M
Change In Deferred Taxes	-62.5M	-211M	220M	81.44M	510M
Change in Other Net Operating Assets	-1.12B	880M	587M	-8.77M	118M
Cash from Operations	4.62B	6.61B	1.75B	1.66B	5.82B
Capital Expenditure	-965M	-2.22B	-5.09B	-6.93B	-4.89B
Sale of Property, Plant, and Equipment	44.14M	88.45K	30.71M	13.62M	60.45M
Cash Acquisitions	-12.19B	-1.05B	-1.22B	-380M	-483M
Divestitures	33.11M	4.68M	-	-	-
Sale (Purchase) of Real Estate properties	-	-371M	-	-	-
Investment in Marketable and Equity Securities, Total	215M	651M	-78.71M	3.28K	136M
Net (Increase) Decrease in Loans Originated / Sold - Investing	2.82M	-400M	322M	-	-
Other Investing Activities, Total	552M	174M	90.32M	145M	48.62M
Cash from Investing	-12.3B	-3.21B	-5.94B	-7.15B	-5.13B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	15.18B	2.4B	12.32B	10.55B	9.7B
Total Debt Issued	15.18B	2.4B	12.32B	10.55B	9.7B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-7.4B	-9.33B	-4.97B	-8.14B	-11.97B
Total Debt Repaid	-7.4B	-9.33B	-4.97B	-8.14B	-11.97B
Issuance of Common Stock	6.35B	6.2B	134M	13.18M	-
Repurchase of Common Stock	-	-	-	-5.78M	-388M
Common Dividends Paid	-403M	-695M	-480M	-448M	-302M
Common & Preferred Stock Dividends Paid	-403M	-695M	-480M	-448M	-302M
Other Financing Activities, Total	74.11K	-579M	902M	46.25M	-918K
Cash from Financing	13.72B	-2B	7.91B	2.01B	-2.96B
Foreign Exchange Rate Adjustments	-17.39M	-178M	-123M	99.51M	32.2M
Net Change in Cash	6.02B	1.22B	3.59B	-3.38B	-2.24B
Supplemental Items
Cash Income Tax Paid (Refund)	205M	929M	566M	672M	587M
Levered Free Cash Flow	4.07B	1.76B	-5.11B	-6.08B	-2.04B
Unlevered Free Cash Flow	4.42B	2.16B	-4.76B	-5.6B	-1.55B
Change In Net Working Capital	-3.62B	-541M	4.01B	4.16B	1.97B
Net Debt Issued / Repaid