XINJIANG XINXIN MINING INDUSTRY CO., LTD.

Balance Sheet Xinjiang Xinxin Mining Industry Co., Ltd.

Equities

3833

CNE1000007G2

Specialty Mining & Metals

Market Closed - Hong Kong S.E. Other stock markets 09:08:05 13/09/2024 BST			5-day change	1st Jan Change
0.7900 ^HKD	+1.28%		+1.28%	-3.66%

08-30	Xinjiang Xinxin Mining Industry Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
05-31	Xinjiang Xinxin Mining Industry Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2023	CI

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Published financial data: XINJIANG XINXIN MINING INDUSTRY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.64B	1.82B	2.3B	2.83B	2.03B
Other Revenues, Total	16.21M	36.9M	81.32M	36.12M	22.23M
Total Revenues	1.66B	1.85B	2.38B	2.86B	2.05B
Cost of Goods Sold, Total	1.35B	1.42B	1.48B	1.64B	1.39B
Gross Profit	310M	437M	907M	1.22B	659M
Selling General & Admin Expenses, Total	170M	158M	161M	232M	205M
Provision for Bad Debts	477K	2.77M	-679K	-416K	951K
R&D Expenses	-	-	69.09M	94.09M	58M
Other Operating Expenses	33.18M	35.77M	51.36M	78.96M	38.87M
Other Operating Expenses, Total	203M	196M	281M	404M	303M
Operating Income	107M	241M	626M	817M	356M
Interest Expense, Total	-101M	-97.55M	-72.53M	-46.43M	-37.5M
Interest And Investment Income	27.5M	1.71M	10.16M	109M	12.09M
Net Interest Expenses	-73.6M	-95.84M	-62.37M	62.97M	-25.41M
Currency Exchange Gains (Loss)	-	-	-	-	-2.79M
Other Non Operating Income (Expenses)	-806K	-794K	5.36M	-347K	-24.16M
EBT, Excl. Unusual Items	32.36M	144M	569M	880M	304M
Impairment of Goodwill	-	-	-	-17.84M	-
Gain (Loss) On Sale Of Investments	-	-3.73M	-178K	38.17M	-96.94M
Gain (Loss) On Sale Of Assets	-393K	209K	-2.57M	-342K	-
Asset Writedown	-70.81K	-136M	-	-65.81M	-6.07M
Legal Settlements	-	162M	-	-	-
Other Unusual Items	2.21M	4.66M	3.63M	-511K	8.89M
EBT, Incl. Unusual Items	34.11M	172M	570M	833M	210M
Income Tax Expense	9.26M	-7.64M	55.92M	90.23M	47.61M
Earnings From Continuing Operations	24.84M	179M	514M	743M	162M
Net Income to Company	24.84M	179M	514M	743M	162M
Minority Interest	2.58M	-27.33M	1.32M	1.42M	321K
Net Income - (IS)	27.42M	152M	516M	745M	163M
Preferred Dividend and Other Adjustments	-	-311	-	-	-
Net Income to Common Incl Extra Items	27.42M	152M	516M	745M	163M
Net Income to Common Excl. Extra Items	27.42M	152M	516M	745M	163M
Per Share Items
Net EPS - Basic	0.01	0.07	0.23	0.34	0.07
Basic EPS - Continuing Operations	0.01	0.07	0.23	0.34	0.07
Basic Weighted Average Shares Outstanding	2.21B	2.21B	2.21B	2.21B	2.21B
Net EPS - Diluted	0.01	0.07	0.23	0.34	0.07
Diluted EPS - Continuing Operations	0.01	0.07	0.23	0.34	0.07
Diluted Weighted Average Shares Outstanding	2.21B	2.21B	2.21B	2.21B	2.21B
Normalized Basic EPS	0.01	0.03	0.16	0.25	0.09
Normalized Diluted EPS	0.01	0.03	0.16	0.25	0.09
Dividend Per Share	-	-	-	0.15	0.05
Payout Ratio	-	-	-	-	228.37
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	336M	482M	885M	1.14B	674M
EBITA	129M	266M	653M	860M	399M
EBIT	107M	241M	626M	817M	356M
EBITDAR	343M	490M	886M	1.14B	679M
Total Revenues (As Reported)	-	-	-	-	2.05B
Effective Tax Rate - (Ratio)	27.16	-4.46	9.81	10.83	22.68
Current Domestic Taxes	922K	-921K	41.69M	129M	37.44M
Total Current Taxes	922K	-921K	41.69M	129M	37.44M
Deferred Domestic Taxes	8.34M	-6.72M	14.23M	-38.8M	10.18M
Total Deferred Taxes	8.34M	-6.72M	14.23M	-38.8M	10.18M
Normalized Net Income	22.8M	62.93M	357M	551M	190M
Interest Capitalized	12.08M	7.57M	5.17M	-	-
Interest on Long-Term Debt	-	-	89.04K	187K	89.08K
Non-Cash Pension Expense	-	-	-	-	343K
Supplemental Operating Expense Items
Selling and Marketing Expenses	47.58M	36.58M	15.48M	7.05M	10.1M
General and Administrative Expenses	119M	119M	145M	224M	194M
Research And Development Expense From Footnotes	-	-	69.09M	101M	61.99M
Net Rental Expense, Total	7.6M	7.41M	789K	545K	5.21M
Imputed Operating Lease Interest Expense	3.02M	3.29M	311K	162K	1.76M
Imputed Operating Lease Depreciation	4.58M	4.12M	479K	382K	3.45M
Maintenance & Repair Expenses, Total	-	-	-	-	8M
Stock-Based Comp., Other (Total)	-	-	925K	5.33M	-5.18M
Total Stock-Based Compensation	-	-	925K	5.33M	-5.18M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	371M	375M	426M	627M	554M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	60M	31M	31M	11M	11M
Total Cash And Short Term Investments	431M	406M	457M	638M	565M
Accounts Receivable, Total	159M	178M	207M	202M	260M
Other Receivables	44.68M	25.47M	17.24M	14.83M	13.94M
Total Receivables	204M	204M	224M	217M	274M
Inventory	1.45B	1.38B	1.44B	1.32B	1.28B
Other Current Assets, Total	305M	82.75M	63.99M	47.09M	41.01M
Total Current Assets	2.39B	2.07B	2.19B	2.22B	2.16B
Gross Property Plant And Equipment	5.85B	6.07B	6.07B	6.18B	6.54B
Accumulated Depreciation	-1.7B	-1.92B	-2.1B	-2.29B	-2.53B
Net Property Plant And Equipment	4.14B	4.15B	3.96B	3.89B	4.01B
Long-term Investments	162M	155M	154M	230M	186M
Goodwill	27.83M	27.83M	27.83M	9.99M	9.99M
Other Intangibles, Total	694M	745M	745M	1.12B	1.12B
Deferred Tax Assets Long-Term	118M	88.65M	63.83M	99.56M	88.26M
Deferred Charges Long-Term	-	983K	10.94M	18.63M	20.08M
Other Long-Term Assets, Total	34.2M	28.44M	241M	232M	239M
Total Assets	7.57B	7.26B	7.39B	7.83B	7.84B
Liabilities
Accounts Payable, Total	628M	584M	574M	269M	519M
Accrued Expenses, Total	86.09M	83.98M	116M	137M	142M
Short-term Borrowings	550M	478M	465M	450M	200M
Current Portion of Long-Term Debt	531M	442M	601M	58.66M	4.4M
Current Portion of Leases	-	-	-	-	1.37M
Current Income Taxes Payable	20	4.78K	3.03M	874K	3.68M
Unearned Revenue Current, Total	87.01M	80.55M	57.88M	59.77M	16.76M
Other Current Liabilities	241M	227M	53.67M	41.4M	297M
Total Current Liabilities	2.12B	1.9B	1.87B	1.02B	1.18B
Long-Term Debt	1B	782M	389M	521M	564M
Long-Term Leases	-	-	3.15M	4.28M	-
Unearned Revenue Non Current	28.6M	26.67M	26.07M	28.61M	25.18M
Deferred Tax Liability Non Current	140M	104M	93.37M	90.31M	89.18M
Other Non Current Liabilities	23.89M	23.82M	64.61M	479M	454M
Total Liabilities	3.32B	2.83B	2.45B	2.14B	2.32B
Common Stock, Total	552M	552M	552M	552M	552M
Additional Paid In Capital	4.26B	4.26B	4.26B	4.26B	4.26B
Retained Earnings	-550M	-398M	117M	862M	693M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	4.26B	4.41B	4.93B	5.67B	5.5B
Minority Interest	-7.95M	19.38M	18.05M	16.64M	16.32M
Total Equity	4.25B	4.43B	4.95B	5.69B	5.52B
Total Liabilities And Equity	7.57B	7.26B	7.39B	7.83B	7.84B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.21B	2.21B	2.21B	2.21B	2.21B
ECS Total Common Shares Outstanding	2.21B	2.21B	2.21B	2.21B	2.21B
Book Value / Share	1.93	2	2.23	2.57	2.49
Tangible Book Value	3.54B	3.64B	4.16B	4.54B	4.37B
Tangible Book Value Per Share	1.6	1.65	1.88	2.05	1.98
Total Debt	2.08B	1.7B	1.46B	1.03B	769M
Net Debt	1.65B	1.3B	1B	397M	205M
Debt Equivalent Oper. Leases	60.8M	59.26M	6.32M	4.36M	41.65M
Minority Interest, Total (Incl. Fin. Div)	-7.95M	19.38M	18.05M	16.64M	16.32M
Equity Method Investments, Total	162M	155M	154M	-	186M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	236M	184M	162M	104M	150M
Inventories - Work In Process, Total	953M	892M	872M	904M	784M
Inventories - Finished Goods, Total	272M	307M	405M	320M	379M
Buildings, Total	1.82B	1.88B	1.88B	1.98B	2.03B
Machinery, Total	1.68B	1.76B	1.82B	1.89B	2.04B
Full Time Employees	2.17K	2.12K	2.1K	1.98K	1.85K
Part Time Employees	-	26	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	4.37M	7.02M	6.34M	5.93M	6.88M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	27.42M	152M	516M	745M	163M
Depreciation & Amortization - CF	206M	217M	232M	284M	278M
Amortization of Goodwill and Intangible Assets - (CF)	22.37M	24.56M	27.13M	43.28M	42.55M
Depreciation & Amortization, Total	229M	241M	259M	327M	321M
Amortization of Deferred Charges, Total - (CF)	-	234K	100K	458K	1.14M
(Gain) Loss From Sale Of Asset	464K	-198K	2.57M	3.38M	-57.89K
(Gain) Loss on Sale of Investments - (CF)	3.43M	7.33M	178K	-96.19M	32.86M
Asset Writedown & Restructuring Costs	-	136M	-	83.65M	6.52M
(Income) Loss On Equity Investments - (CF)	-24.61M	-4.26M	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	-1.75M
Provision and Write-off of Bad Debts	477K	2.77M	-6.5M	-182K	951K
Other Operating Activities, Total	97.12M	124M	75.88M	75.7M	157M
Change In Accounts Receivable	-10.07M	-151M	-209M	-136M	-46.63M
Change In Inventories	-136M	76.12M	-63.57M	104M	70.08M
Change In Accounts Payable	104M	-56.54M	30.38M	-248M	-91.35M
Change in Unearned Revenues	-	-	905K	2.55M	-
Change In Deferred Taxes	8.34M	-6.72M	14.23M	-38.8M	10.18M
Change in Other Net Operating Assets	-23.22M	-169M	62.52M	44.13M	-63.73M
Cash from Operations	276M	352M	683M	867M	558M
Capital Expenditure	-110M	-69.65M	-137M	-58.47M	-105M
Sale of Property, Plant, and Equipment	8.42K	483K	205K	989K	19.66K
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	131M	32.58M	698K	41.05M	0
Other Investing Activities, Total	-12.22M	17.66M	5.81M	-	10.66M
Cash from Investing	8.84M	-18.93M	-131M	-16.43M	-94.13M
Long-Term Debt Issued, Total	2.09B	1.6B	1.15B	1.05B	770M
Total Debt Issued	2.09B	1.6B	1.15B	1.05B	770M
Long-Term Debt Repaid, Total	-2.48B	-1.84B	-1.51B	-1.61B	-1B
Total Debt Repaid	-2.48B	-1.84B	-1.51B	-1.61B	-1B
Common Dividends Paid	-	-	-	-	-371M
Common & Preferred Stock Dividends Paid	-	-	-	-	-371M
Other Financing Activities, Total	-116M	-104M	-81.54M	-45.73M	-
Cash from Financing	-507M	-337M	-439M	-606M	-602M
Net Change in Cash	-222M	-3.78M	113M	245M	-138M
Supplemental Items
Cash Interest Paid	116M	104M	79.91M	44.53M	-
Cash Income Tax Paid (Refund)	139M	171M	267M	454M	223M
Levered Free Cash Flow	131M	493M	232M	603M	839M
Unlevered Free Cash Flow	194M	554M	278M	632M	862M
Change In Net Working Capital	-8.59M	-231M	237M	153M	-428M
Net Debt Issued / Repaid	-391M	-233M	-358M	-560M	-230M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.86	2.03	5.34	6.71	2.84
Return on Total Capital	1.02	2.42	6.24	7.78	3.43
Return On Equity %	0.59	4.13	10.97	13.98	2.9
Return on Common Equity	0.65	3.5	11.04	14.05	2.91
Margin Analysis
Gross Profit Margin %	18.71	23.58	38.08	42.65	32.16
SG&A Margin	10.24	8.5	6.76	8.09	10
EBITDA Margin %	20.24	26.02	37.15	39.88	32.87
EBITA Margin %	7.79	14.33	27.43	30.05	19.46
EBIT Margin %	6.44	13	26.29	28.54	17.39
Income From Continuing Operations Margin %	1.5	9.66	21.59	25.95	7.92
Net Income Margin %	1.65	8.19	21.64	26	7.94
Net Avail. For Common Margin %	1.65	8.19	21.64	26	7.94
Normalized Net Income Margin	1.38	3.39