AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED

Cash flow AviChina Industry & Technology Company Limited

Equities

2357

CNE1000001Y8

Aerospace & Defense

Market Closed - Hong Kong S.E. Other stock markets 01:38:32 05/09/2024 pm IST			5-day change	1st Jan Change
3.240 ^HKD	+0.31%		-2.99%	-3.28%

27/08	AviChina Industry & Technology's Profit Drops 19% in H1 on Lower Sales	MT
27/08	AviChina Industry & Technology Company Limited Reports Earnings Results for the Half Year Ended June 30, 2024	CI

5225197b.pwZUDHlkN6hd-O38qrqaCvap5rjXOD0JRMsCg3LvS6s.6E0GeSgvcds7jaijxvLjXJTCtMy7WmltHrJz5BiuH_3QcWRLKFdD0S-0tA

Published financial data: AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	42.12B	50.12B	59.19B	62.66B	83.55B
Other Revenues, Total	-	-	1.11B	980M	1.17B
Total Revenues	42.12B	50.12B	60.3B	63.64B	84.72B
Cost of Goods Sold, Total	33.1B	39.65B	47.99B	49.7B	63.9B
Gross Profit	9.01B	10.46B	12.3B	13.94B	20.82B
Selling General & Admin Expenses, Total	5.98B	6.82B	4.07B	4.53B	6.6B
Provision for Bad Debts	-	-	11.22M	336M	334M
R&D Expenses	-	-	3.45B	4.44B	7.57B
Other Operating Expenses	-212M	30.86M	-115M	290M	372M
Other Operating Expenses, Total	5.77B	6.85B	7.42B	9.6B	14.88B
Operating Income	3.24B	3.61B	4.88B	4.34B	5.95B
Interest Expense, Total	-599M	-491M	-397M	-440M	-411M
Interest And Investment Income	279M	588M	781M	713M	1.28B
Net Interest Expenses	-321M	97.09M	384M	273M	864M
Income (Loss) On Equity Invest.	228M	162M	-	-	-
Currency Exchange Gains (Loss)	23.33M	-	-63.83M	181M	15.04M
Other Non Operating Income (Expenses)	-40.58M	-44.8M	-7.63M	-19.52M	-41.98M
EBT, Excl. Unusual Items	3.13B	3.83B	5.19B	4.78B	6.78B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-74.35M
Gain (Loss) On Sale Of Investments	-224M	407M	5.02M	-6.71M	-18.85M
Gain (Loss) On Sale Of Assets	296M	101M	76.3M	141M	30.89M
Asset Writedown	-	-	-23.62M	-13.27M	-33.15M
Other Unusual Items	26.77M	27.3M	62.49M	349M	380M
EBT, Incl. Unusual Items	3.23B	4.36B	5.31B	5.25B	7.07B
Income Tax Expense	298M	470M	480M	257M	380M
Earnings From Continuing Operations	2.94B	3.89B	4.83B	4.99B	6.69B
Net Income to Company	2.94B	3.89B	4.83B	4.99B	6.69B
Minority Interest	-1.56B	-1.9B	-2.47B	-2.77B	-4.24B
Net Income - (IS)	1.38B	1.99B	2.37B	2.22B	2.45B
Net Income to Common Incl Extra Items	1.38B	1.99B	2.37B	2.22B	2.45B
Net Income to Common Excl. Extra Items	1.38B	1.99B	2.37B	2.22B	2.45B
Per Share Items
Net EPS - Basic	0.22	0.26	0.31	0.29	0.31
Basic EPS - Continuing Operations	0.22	0.26	0.31	0.29	0.31
Basic Weighted Average Shares Outstanding	6.25B	7.73B	7.72B	7.72B	7.87B
Net EPS - Diluted	0.22	0.26	0.31	0.29	0.31
Diluted EPS - Continuing Operations	0.22	0.26	0.31	0.29	0.31
Diluted Weighted Average Shares Outstanding	6.25B	7.73B	7.72B	7.72B	7.87B
Normalized Basic EPS	0.06	0.06	0.1	0.03	-0
Normalized Diluted EPS	0.06	0.06	0.1	0.03	-0
Dividend Per Share	0.03	0.05	0.08	0.08	0.09
Payout Ratio	13.61	9.39	33.89	78.24	40.05
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	4.41B	5.12B	6.42B	5.99B	8.41B
EBITA	3.28B	3.64B	4.97B	4.41B	6.06B
EBIT	3.24B	3.61B	4.88B	4.34B	5.95B
EBITDAR	4.55B	5.19B	6.5B	6.08B	8.53B
Total Revenues (As Reported)	-	-	60.3B	63.64B	84.72B
Effective Tax Rate - (Ratio)	9.2	10.78	9.03	4.9	5.38
Current Domestic Taxes	-	435M	-	-	-
Total Current Taxes	311M	435M	505M	301M	510M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-13.12M	35.22M	-24.78M	-43.79M	-129M
Normalized Net Income	400M	495M	781M	212M	-1.21M
Interest Capitalized	36.9M	46.64M	23.77M	5.8M	5M
Interest on Long-Term Debt	182M	123M	-	-	-
Non-Cash Pension Expense	-	-	49.52M	40.12M	49.52M
Supplemental Operating Expense Items
Advertising Expense	-	-	22.82M	25.69M	49.22M
Selling and Marketing Expenses	687M	635M	700M	780M	1.14B
General and Administrative Expenses	5.29B	6.18B	3.35B	3.73B	5.42B
Research And Development Expense From Footnotes	2.95B	4.29B	3.45B	4.44B	7.57B
Net Rental Expense, Total	139M	65.7M	79.25M	85.74M	115M
Imputed Operating Lease Interest Expense	55.6M	22.41M	21.8M	26.07M	26.14M
Imputed Operating Lease Depreciation	83.05M	43.29M	57.45M	59.68M	88.53M
Maintenance & Repair Expenses, Total	-	-	211M	159M	158M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	-	134M
Stock-Based Comp., G&A Exp. (Total)	-	-	170M	114M	301M
Stock-Based Comp., Other (Total)	14.86M	165M	-	-	-
Total Stock-Based Compensation	14.86M	165M	170M	114M	435M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	13.06B	22.81B	23.54B	34.89B	37.16B
Short Term Investments	1.52B	1.55B	200M	500M	-
Trading Asset Securities, Total	502M	2.38B	1.24B	528M	957M
Total Cash And Short Term Investments	15.08B	26.74B	24.98B	35.92B	38.12B
Accounts Receivable, Total	24.22B	29.68B	36.4B	38.02B	55.9B
Other Receivables	-	-	216M	225M	372M
Notes Receivable	-	-	-	-	-
Total Receivables	24.22B	29.68B	36.62B	38.25B	56.28B
Inventory	25.67B	30.71B	32.37B	34.11B	40.12B
Restricted Cash	-	-	1.82B	671M	2.34B
Other Current Assets, Total	4.92B	4B	9.31B	8.06B	7.86B
Total Current Assets	69.89B	91.13B	105B	117B	145B
Gross Property Plant And Equipment	23.77B	32.03B	31.4B	31.3B	48.8B
Accumulated Depreciation	-8.77B	-12.26B	-12.65B	-13.74B	-21.58B
Net Property Plant And Equipment	15B	19.77B	18.75B	17.56B	27.22B
Long-term Investments	2.69B	2.97B	5.39B	5.14B	6.81B
Goodwill	69.12M	69.12M	69.12M	69.12M	93.19M
Other Intangibles, Total	481M	457M	3.24B	2.69B	4.02B
Accounts Receivable Long-Term	527M	257M	110M	269M	175M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	350M	373M	416M	484M	870M
Deferred Charges Long-Term	-	-	71.63M	39.39M	85.72M
Other Long-Term Assets, Total	1.74B	1.02B	736M	745M	1.02B
Total Assets	90.74B	116B	134B	144B	185B
Liabilities
Accounts Payable, Total	27.22B	31.96B	38.75B	40.7B	49.8B
Accrued Expenses, Total	-	-	2.6B	4.25B	5B
Short-term Borrowings	6.4B	4.97B	3.31B	6.01B	5.31B
Current Portion of Long-Term Debt	262M	1.46B	1.12B	2.89B	1.16B
Current Portion of Leases	85.43M	105M	99.38M	63.52M	90.47M
Current Income Taxes Payable	159M	177M	257M	183M	183M
Unearned Revenue Current, Total	7.21B	17.14B	21.31B	21.46B	19.12B
Other Current Liabilities	4.5B	6.09B	2.13B	4.5B	4.87B
Total Current Liabilities	45.85B	61.9B	69.58B	80.04B	85.54B
Long-Term Debt	4.17B	5.23B	6.36B	2.55B	7.03B
Long-Term Leases	681M	636M	821M	293M	348M
Unearned Revenue Non Current	777M	764M	868M	1.09B	2.05B
Pension & Other Post Retirement Benefits	-	-	1.5B	1.38B	1.78B
Deferred Tax Liability Non Current	63.62M	140M	352M	326M	597M
Other Non Current Liabilities	651M	1.67B	-352M	170M	-380M
Total Liabilities	52.19B	70.34B	79.12B	85.85B	96.96B
Common Stock, Total	6.25B	7.71B	7.71B	7.71B	7.97B
Additional Paid In Capital	-	-	1.01B	1.01B	1.74B
Retained Earnings	7.09B	4.1B	5.6B	6.65B	9.38B
Comprehensive Income and Other	5.14B	10.75B	12.59B	12.76B	12.48B
Total Common Equity	18.48B	22.56B	26.91B	28.12B	31.57B
Minority Interest	20.07B	23.15B	27.86B	30.03B	56.48B
Total Equity	38.55B	45.71B	54.77B	58.15B	88.06B
Total Liabilities And Equity	90.74B	116B	134B	144B	185B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.25B	7.71B	7.71B	7.71B	7.97B
ECS Total Common Shares Outstanding	6.25B	7.71B	7.71B	7.71B	7.97B
Book Value / Share	2.96	2.92	3.49	3.65	3.96
Tangible Book Value	17.93B	22.03B	23.6B	25.36B	27.46B
Tangible Book Value Per Share	2.87	2.86	3.06	3.29	3.44
Total Debt	11.6B	12.41B	11.71B	11.8B	13.94B
Net Debt	-3.48B	-14.33B	-13.27B	-24.12B	-24.17B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	1.5B	1.38B	1.78B
Debt Equivalent Oper. Leases	1.11B	526M	634M	686M	917M
Minority Interest, Total (Incl. Fin. Div)	20.07B	23.15B	27.86B	30.03B	56.48B
Equity Method Investments, Total	1.3B	1.36B	1.57B	2.03B	2.48B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	6.82B	7.86B	9.65B	11.12B	12.94B
Inventories - Work In Process, Total	15.64B	19.03B	17.17B	16.51B	19.4B
Inventories - Finished Goods, Total	3.21B	3.82B	5.26B	6.11B	7.24B
Inventories - Others	-	-	831M	1.08B	1.61B
Buildings, Total	6.81B	9.89B	-	-	-
Machinery, Total	10.81B	15.75B	26.21B	26.58B	41.42B
Full Time Employees	44.91K	45.27K	46.43K	47.48K	74.58K
Accumulated Allowance for Doubtful Accounts (Supple)	950M	949M	980M	1.28B	1.87B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.38B	1.99B	2.37B	2.22B	2.45B
Depreciation & Amortization - CF	1.21B	1.59B	1.52B	1.63B	2.45B
Amortization of Goodwill and Intangible Assets - (CF)	38.35M	32.62M	91.26M	68M	111M
Depreciation & Amortization, Total	1.25B	1.62B	1.61B	1.7B	2.57B
Amortization of Deferred Charges, Total - (CF)	-	-	154M	200M	254M
(Gain) Loss From Sale Of Asset	-296M	-101M	-76.3M	-141M	-30.89M
(Gain) Loss on Sale of Investments - (CF)	-45.6M	-411M	-462M	-426M	-691M
Asset Writedown & Restructuring Costs	24.4M	29.87M	23.62M	13.15M	107M
(Income) Loss On Equity Investments - (CF)	-228M	-162M	-	-	-
Stock-Based Compensation (CF)	14.86M	165M	-	-	-
Provision and Write-off of Bad Debts	282M	14.18M	10.86M	336M	331M
Other Operating Activities, Total	1.79B	2.01B	3.09B	3.36B	4.5B
Change In Accounts Receivable	-1.25B	-5.4B	-9.4B	-16.5B	-7.7B
Change In Inventories	-4.22B	-1.62B	-1.72B	-1.9B	-175M
Change In Accounts Payable	2.05B	2.17B	6.6B	21.08B	-6.29B
Change in Unearned Revenues	245M	-933M	-	-	-
Change In Deferred Taxes	-	-	-24.28M	-43.79M	-143M
Change in Other Net Operating Assets	1.66B	1.08B	66.17M	467M	749M
Cash from Operations	2.66B	465M	2.24B	10.36B	-4.08B
Capital Expenditure	-1.86B	-2.23B	-2.86B	-3.18B	-4.73B
Sale of Property, Plant, and Equipment	129M	144M	86.68M	181M	51.01M
Cash Acquisitions	49.08M	775M	-53.48M	-	-
Divestitures	-28.57M	105M	11.14M	-378M	7.02M
Sale (Purchase) of Real Estate properties	-278K	-548K	-	-	-
Sale (Purchase) of Intangible assets	-1.94M	207K	-	-	-
Investment in Marketable and Equity Securities, Total	-698M	3B	350M	1.41B	663M
Other Investing Activities, Total	324M	619M	521M	353M	394M
Cash from Investing	-2.08B	2.41B	-1.94B	-1.61B	-3.61B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	10.84B	11.07B	7.35B	12.53B	14.31B
Total Debt Issued	10.84B	11.07B	7.35B	12.53B	14.31B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-9.91B	-10.18B	-8.64B	-10.26B	-14.97B
Total Debt Repaid	-9.91B	-10.18B	-8.64B	-10.26B	-14.97B
Issuance of Common Stock	-	725M	3.19B	1.8B	1B
Repurchase of Common Stock	-	-122M	-23.58M	-1.77M	-3.58M
Common Dividends Paid	-187M	-187M	-803M	-1.73B	-980M
Common & Preferred Stock Dividends Paid	-187M	-187M	-803M	-1.73B	-980M
Other Financing Activities, Total	-405M	-15.33M	-656M	152M	4.19B
Cash from Financing	334M	1.29B	424M	2.48B	3.55B
Foreign Exchange Rate Adjustments	23.33M	124M	-23.72M	130M	11.85M
Net Change in Cash	937M	4.29B	702M	11.35B	-4.14B
Supplemental Items
Cash Interest Paid