Income Statement Wuhan Dameng Database Company Limited

Equities

688692

CNE100006JT3

Software

End-of-day quote Shanghai S.E. Other stock markets 13/09/2024			5-day change	1st Jan Change
249.99 ^CNY	0.00%		+4.95%	0.00%

08-23	CICC Starts Wuhan Dameng Database at Outperform With 252 Yuan Price Target	MT
08-21	Wuhan Dameng Database Company Limited Reports Earnings Results for the Half Year Ended June 30, 2024	CI

4033b9a782aa3dce9f7f50ba28417._I3PhrlaIAPf5LDByi1rLyXAS3u1ADD9BT6yZ8ik3Y0.lrWj6eYRETCRlt6j8xQTVkSaJhqGNlqbKHXdDKvjkseavZf3yg5Pd-zR1w

Published financial data: WUHAN DAMENG DATABASE COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023
Revenues	742M	686M	792M
Other Revenues, Total	1.46M	2.32M	2.16M
Total Revenues	743M	688M	794M
Cost of Goods Sold, Total	70.14M	40.49M	33.57M
Gross Profit	673M	648M	761M
Selling General & Admin Expenses, Total	239M	292M	364M
Provision for Bad Debts	12.48M	6.91M	7.19M
R&D Expenses	118M	140M	165M
Other Operating Expenses	-172M	-57.41M	-67.64M
Other Operating Expenses, Total	197M	381M	469M
Operating Income	476M	266M	292M
Interest Expense, Total	-1.03M	-603K	-574K
Interest And Investment Income	9.98M	17.34M	19.63M
Net Interest Expenses	8.95M	16.74M	19.06M
Other Non Operating Income (Expenses)	791K	-2.31M	-344K
EBT, Excl. Unusual Items	485M	281M	311M
Gain (Loss) On Sale Of Assets	700	700	3.7K
Asset Writedown	-63.9K	-26.2K	-28.6K
Other Unusual Items	356K	502K	-173K
EBT, Incl. Unusual Items	486M	281M	311M
Income Tax Expense	47.28M	15.86M	17.78M
Earnings From Continuing Operations	438M	265M	293M
Net Income to Company	438M	265M	293M
Minority Interest	5.07M	3.7M	3.16M
Net Income - (IS)	444M	269M	296M
Net Income to Common Incl Extra Items	444M	269M	296M
Net Income to Common Excl. Extra Items	444M	269M	296M
Per Share Items
Net EPS - Basic	7.78	4.72	5.19
Basic EPS - Continuing Operations	7.78	4.72	5.19
Basic Weighted Average Shares Outstanding	57.01M	56.99M	57.05M
Net EPS - Diluted	7.78	4.72	5.19
Diluted EPS - Continuing Operations	7.78	4.72	5.19
Diluted Weighted Average Shares Outstanding	57.01M	56.99M	57.05M
Normalized Basic EPS	5.41	3.14	3.46
Normalized Diluted EPS	5.41	3.14	3.46
Dividend Per Share	1.2	-	-
Payout Ratio	3.26	25.43	-
Supplemental Items
EBITDA	492M	286M	308M
EBITA	476M	267M	293M
EBIT	476M	266M	292M
Total Revenues (As Reported)	743M	688M	794M
Effective Tax Rate - (Ratio)	9.73	5.64	5.72
Total Current Taxes	39.89M	22.98M	23.08M
Total Deferred Taxes	7.39M	-7.13M	-5.3M
Normalized Net Income	308M	179M	197M
Interest on Long-Term Debt	695K	603K	574K
Supplemental Operating Expense Items
Advertising Expense	2.84M	4.04M	9.31M
Selling and Marketing Expenses	171M	223M	289M
General and Administrative Expenses	68.26M	69.05M	74.62M
Research And Development Expense From Footnotes	118M	140M	165M
Stock-Based Comp., R&D Exp. (Total)	1.8M	-	-
Stock-Based Comp., S&M Exp. (Total)	1.03M	-	-
Stock-Based Comp., G&A Exp. (Total)	5.48M	-	-
Total Stock-Based Compensation	8.31M	-	-

Fiscal Period: December	2021	2022	2023
Assets
Cash And Equivalents	774M	859M	1.11B
Total Cash And Short Term Investments	774M	859M	1.11B
Accounts Receivable, Total	332M	363M	378M
Other Receivables	28.13M	22.2M	25.89M
Total Receivables	360M	386M	404M
Inventory	46.57M	72.42M	73.11M
Prepaid Expenses	-	11.14M	12.27M
Other Current Assets, Total	12.6M	8.5M	8.6M
Total Current Assets	1.19B	1.34B	1.61B
Gross Property Plant And Equipment	99.28M	133M	219M
Accumulated Depreciation	-30.27M	-49.1M	-63.4M
Net Property Plant And Equipment	69M	84.21M	156M
Other Intangibles, Total	14.01M	14.39M	17.52M
Accounts Receivable Long-Term	2.5M	2.57M	4.26M
Deferred Tax Assets Long-Term	18.92M	26.04M	31.34M
Deferred Charges Long-Term	4.58M	3.81M	3.28M
Other Long-Term Assets, Total	2.29M	2.7M	1.76M
Total Assets	1.3B	1.47B	1.82B
Liabilities
Accounts Payable, Total	37.17M	53.25M	61.32M
Accrued Expenses, Total	127M	121M	162M
Current Portion of Leases	10.75M	10.94M	13.76M
Current Income Taxes Payable	24.68M	12.63M	14.63M
Unearned Revenue Current, Total	116M	87.16M	80.94M
Other Current Liabilities	3.67M	2.73M	3.81M
Total Current Liabilities	319M	288M	336M
Long-Term Leases	26.04M	17.59M	15.1M
Unearned Revenue Non Current	35.17M	40.55M	52.41M
Other Non Current Liabilities	4.12M	7.73M	11.64M
Total Liabilities	384M	353M	415M
Common Stock, Total	57M	57M	57M
Additional Paid In Capital	293M	293M	293M
Retained Earnings	565M	765M	1.06B
Total Common Equity	915M	1.12B	1.41B
Minority Interest	5.16M	1.46M	-1.7M
Total Equity	920M	1.12B	1.41B
Total Liabilities And Equity	1.3B	1.47B	1.82B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.01M	56.99M	57M
ECS Total Common Shares Outstanding	57.01M	56.99M	57M
Book Value / Share	16.04	19.57	24.76
Tangible Book Value	901M	1.1B	1.39B
Tangible Book Value Per Share	15.8	19.32	24.45
Total Debt	36.79M	28.53M	28.86M
Net Debt	-737M	-830M	-1.08B
Minority Interest, Total (Incl. Fin. Div)	5.16M	1.46M	-1.7M
Account Code - Inventory Valuation	-	-	8
Inventories - Work In Process, Total	46.93M	72.42M	73.39M
Buildings, Total	7.34M	7.34M	7.34M
Machinery, Total	56.14M	77.79M	83.51M
Full Time Employees	-	-	1.47K
Accumulated Allowance for Doubtful Accounts (Supple)	27.87M	33.67M	40.9M

Fiscal Period: December	2021	2022	2023
Net Income	444M	269M	296M
Depreciation & Amortization - CF	24.85M	31.26M	27.74M
Amortization of Goodwill and Intangible Assets - (CF)	340K	487K	651K
Depreciation & Amortization, Total	25.19M	31.75M	28.39M
Amortization of Deferred Charges, Total - (CF)	675K	1.2M	1.31M
(Gain) Loss From Sale Of Asset	-700	-700	-3.7K
Asset Writedown & Restructuring Costs	167K	272K	439K
Provision and Write-off of Bad Debts	11.86M	5.49M	7.56M
Other Operating Activities, Total	-4.19M	-3.1M	-2.59M
Change In Accounts Receivable	-176M	-41.91M	-32.12M
Change In Inventories	29.8M	-25.5M	-964K
Change In Accounts Payable	-63.39M	-21.11M	52.95M
Change In Deferred Taxes	7.39M	-7.13M	-5.3M
Change in Other Net Operating Assets	8.31M	-	-
Cash from Operations	283M	209M	346M
Capital Expenditure	-6.75M	-41.82M	-78.83M
Sale of Property, Plant, and Equipment	8K	100	-
Other Investing Activities, Total	-	-100	-
Cash from Investing	-6.74M	-41.82M	-78.83M
Long-Term Debt Repaid, Total	-15M	-	-
Total Debt Repaid	-15M	-	-
Common Dividends Paid	-14.44M	-68.4M	-
Common & Preferred Stock Dividends Paid	-14.44M	-68.4M	-
Other Financing Activities, Total	-8.37M	-13.57M	-14.05M
Cash from Financing	-37.81M	-81.97M	-14.05M
Miscellaneous Cash Flow Adjustments	-	-	100
Net Change in Cash	238M	85.18M	253M
Supplemental Items
Cash Income Tax Paid (Refund)	76.72M	77.49M	61.86M
Levered Free Cash Flow	-	66.73M	159M
Unlevered Free Cash Flow	-	67.11M	159M
Change In Net Working Capital	-	90.43M	-25.77M
Net Debt Issued / Repaid	-15M	-	-

Fiscal Period: December	2021	2022	2023
Profitability
Return on Assets	-	12	11.08
Return on Total Capital	-	15.84	14.14
Return On Equity %	-	26.06	23.19
Return on Common Equity	-	26.5	23.44
Margin Analysis
Gross Profit Margin %	90.56	94.12	95.77
SG&A Margin	32.14	42.45	45.81
EBITDA Margin %	66.15	41.61	38.73
EBITA Margin %	64.07	38.77	36.87
EBIT Margin %	64.02	38.7	36.79
Income From Continuing Operations Margin %	59.01	38.56	36.88
Net Income Margin %	59.69	39.1	37.28
Net Avail. For Common Margin %	59.69	39.1	37.28
Normalized Net Income Margin	41.52	26.03	24.86
Levered Free Cash Flow Margin	-	9.7	20.01
Unlevered Free Cash Flow Margin	-	9.75	20.05
Asset Turnover
Asset Turnover	-	0.5	0.48
Fixed Assets Turnover	-	8.98	6.62
Receivables Turnover (Average Receivables)	-	1.97	2.14
Inventory Turnover (Average Inventory)	-	0.68	0.46
Short Term Liquidity
Current Ratio	3.74	4.65	4.79
Quick Ratio	3.55	4.33	4.51
Operating Cash Flow to Current Liabilities	0.89	0.73	1.03
Days Sales Outstanding (Average Receivables)	-	185	170.82
Days Outstanding Inventory (Average Inventory)	-	536.34	791.28
Average Days Payable Outstanding	-	248.73	610.4
Cash Conversion Cycle (Average Days)	-	472.61	351.7
Long Term Solvency
Total Debt/Equity	4	2.55	2.05
Total Debt / Total Capital	3.85	2.49	2.01
LT Debt/Equity	2.83	1.58	1.07
Long-Term Debt / Total Capital	2.72	1.54	1.05
Total Liabilities / Total Assets	29.47	24.04	22.76
EBIT / Interest Expense	460.9	441.68	508.86
EBITDA / Interest Expense	485.3	494.36	558.3
(EBITDA - Capex) / Interest Expense	478.76	424.99	421.01
Total Debt / EBITDA	0.07	0.1	0.09
Net Debt / EBITDA	-1.47	-2.79	-3.38
Total Debt / (EBITDA - Capex)	0.07	0.11	0.12
Net Debt / (EBITDA - Capex)	-1.49	-3.24	-4.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-7.4	15.44
Gross Profit, 1 Yr. Growth %	-	-3.76	17.48
EBITDA, 1 Yr. Growth %	-	-41.76	7.46
EBITA, 1 Yr. Growth %	-	-43.97	9.79
EBIT, 1 Yr. Growth %	-	-44.03	9.74
Earnings From Cont. Operations, 1 Yr. Growth %	-	-39.49	10.41
Net Income, 1 Yr. Growth %	-	-39.35	10.07
Normalized Net Income, 1 Yr. Growth %	-	-41.93	10.24
Diluted EPS Before Extra, 1 Yr. Growth %	-	-39.33	9.96
Accounts Receivable, 1 Yr. Growth %	-	9.59	3.98
Inventory, 1 Yr. Growth %	-	55.51	0.95
Net Property, Plant and Equip., 1 Yr. Growth %	-	22.03	84.98
Total Assets, 1 Yr. Growth %	-	12.73	24.14
Tangible Book Value, 1 Yr. Growth %	-	22.23	26.61
Common Equity, 1 Yr. Growth %	-	21.93	26.55
Cash From Operations, 1 Yr. Growth %	-	-26.17	65.46
Capital Expenditures, 1 Yr. Growth %	-	519.23	88.51
Levered Free Cash Flow, 1 Yr. Growth %	-	-	138.12
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	137.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	3.39
Gross Profit, 2 Yr. CAGR %	-	-	6.33
EBITDA, 2 Yr. CAGR %	-	-	-20.89
EBITA, 2 Yr. CAGR %	-	-	-21.57
EBIT, 2 Yr. CAGR %	-	-	-21.63
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-18.26
Net Income, 2 Yr. CAGR %	-	-	-18.29
Normalized Net Income, 2 Yr. CAGR %	-	-	-19.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-18.32
Accounts Receivable, 2 Yr. CAGR %	-	-	6.75
Inventory, 2 Yr. CAGR %	-	-	25.29
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	50.24
Total Assets, 2 Yr. CAGR %	-	-	18.3
Tangible Book Value, 2 Yr. CAGR %	-	-	24.4
Common Equity, 2 Yr. CAGR %	-	-	24.22
Cash From Operations, 2 Yr. CAGR %	-	-	10.52
Capital Expenditures, 2 Yr. CAGR %	-	-	241.66