Income Statement China Come Ride New Energy Group Limited

Stocks

8039

KYG5300B1041

Construction & Engineering

Market Closed - Hong Kong S.E. 01:38:11 30/06/2025 pm IST			5-day change	1st Jan Change
0.1510 ^HKD	+0.67%		-.--%	-

17/08	China Come Ride New Energy Group Limited Announces Board and Management Changes, Effective August 17, 2026	CI
04/08	China Come Ride New Energy Group Limited Announces Board and Committee Changes, Effective July 31, 2026	CI

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Published financial data: CHINA COME RIDE NEW ENERGY GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Revenues	2.98Cr	4.12Cr	3.58Cr	4.54Cr	3.07Cr
Total Revenues	2.98Cr	4.12Cr	3.58Cr	4.54Cr	3.07Cr
Cost of Goods Sold, Total	3.55Cr	3.8Cr	2.55Cr	3.83Cr	2.42Cr
Gross Profit	-57.22L	32.69L	1.03Cr	70.49L	64.99L
Selling General & Admin Expenses, Total	1.25Cr	1.47Cr	92.9L	1.15Cr	1.11Cr
Provision for Bad Debts	20.03L	17.14L	-	7L	5L
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	1.45Cr	1.64Cr	92.9L	1.22Cr	1.15Cr
Operating Income	-2.02Cr	-1.31Cr	10.15L	-51.67L	-50.49L
Interest Expense, Total	-7L	-10L	-4L	-28T	-1L
Interest And Investment Income	-	-	-	-	2T
Net Interest Expenses	-7L	-10L	-4L	-28T	-1L
Income (Loss) On Equity Invest.	-24.84L	-29.43L	-	-	-
Other Non Operating Income (Expenses)	3L	4L	4L	4L	3L
EBT, Excl. Unusual Items	-2.3Cr	-1.66Cr	9L	-48.23L	-48.87L
Gain (Loss) On Sale Of Investments	-	3L	-5L	-	-
Gain (Loss) On Sale Of Assets	-41T	2L	-	-	-
Asset Writedown	-10.79L	-	-	-	-
Other Unusual Items	-1.02Cr	28.79L	-	6L	-
EBT, Incl. Unusual Items	-3.43Cr	-1.32Cr	4L	-42.71L	-48.87L
Income Tax Expense	24T	-17T	-	4L	-35T
Earnings From Continuing Operations	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Net Income to Company	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Net Income - (IS)	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Net Income to Common Incl Extra Items	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Net Income to Common Excl. Extra Items	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Per Share Items
Net EPS - Basic	-0.08	-0.03	0	-0.01	-0.01
Basic EPS - Continuing Operations	-0.08	-0.03	0	-0.01	-0.01
Basic Weighted Average Shares Outstanding	42Cr	42Cr	46Cr	49Cr	49Cr
Net EPS - Diluted	-0.08	-0.03	0	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.08	-0.03	0	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	42Cr	42Cr	46Cr	49Cr	49Cr
Normalized Basic EPS	-0.03	-0.02	0	-0.01	-0.01
Normalized Diluted EPS	-0.03	-0.02	0	-0.01	-0.01
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	-1.96Cr	-1.28Cr	12.02L	-50.89L	-49.61L
EBITA	-2.02Cr	-1.31Cr	10.15L	-51.67L	-50.49L
EBIT	-2.02Cr	-1.31Cr	10.15L	-51.67L	-50.49L
EBITDAR	-	-1.24Cr	-	-	-
Effective Tax Rate - (Ratio)	-0.07	0.13	-	-8.73	0.72
Current Domestic Taxes	50T	-17T	-	4L	-35T
Total Current Taxes	50T	-17T	-	4L	-35T
Deferred Domestic Taxes	-26T	-	-	-	-
Total Deferred Taxes	-26T	-	-	-	-
Normalized Net Income	-1.44Cr	-1.04Cr	6L	-30.14L	-30.54L
Interest on Long-Term Debt	5L	2L	46T	28T	53T
Supplemental Operating Expense Items
General and Administrative Expenses	82.07L	95.82L	92.9L	1.15Cr	1.11Cr
Net Rental Expense, Total	-	4L	-	-	-
Imputed Operating Lease Interest Expense	-	2L	-	-	-
Imputed Operating Lease Depreciation	-	2L	-	-	-

Fiscal Period: March	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Assets
Cash And Equivalents	1.11Cr	25.77L	30.85L	39.58L	48.38L
Short Term Investments	31.2L	4L	4L	19.28L	3L
Total Cash And Short Term Investments	1.43Cr	29.63L	34.72L	58.86L	51.8L
Accounts Receivable, Total	66.53L	37.56L	76.77L	57.96L	98.31L
Other Receivables	21.6L	2L	2L	6L	3L
Notes Receivable	-	12.5L	-	-	-
Total Receivables	88.13L	51.78L	78.8L	64L	1.01Cr
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	2.31Cr	81.41L	1.14Cr	1.23Cr	1.53Cr
Gross Property Plant And Equipment	38.37L	11.23L	19.23L	3L	16.84L
Accumulated Depreciation	-27.55L	-8L	-10L	-78T	-2L
Net Property Plant And Equipment	10.82L	3L	9L	2L	15.18L
Long-term Investments	78.47L	47.36L	44.24L	44.24L	44.24L
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	3.2Cr	1.32Cr	1.67Cr	1.69Cr	2.12Cr
Liabilities
Accounts Payable, Total	10L	-	6L	-	22.38L
Accrued Expenses, Total	23.95L	10.2L	12.61L	51.79L	70.53L
Short-term Borrowings	1.08Cr	1.37Cr	55L	55L	73.92L
Current Portion of Long-Term Debt	50L	-	-	-	-
Current Portion of Leases	7L	2L	7L	2L	7L
Current Income Taxes Payable	77T	1L	-	-	-
Unearned Revenue Current, Total	4L	3L	-	-	2L
Other Current Liabilities	-	-	-	21.6L	44.61L
Total Current Liabilities	2.04Cr	1.54Cr	80.3L	1.3Cr	2.21Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	6L	-	2L	-	2L
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	2.1Cr	1.54Cr	82.1L	1.3Cr	2.22Cr
Common Stock, Total	41.8L	41.8L	49.3L	49.3L	49.3L
Additional Paid In Capital	3.38Cr	3.38Cr	4.31Cr	4.31Cr	4.31Cr
Retained Earnings	-3.2Cr	-4.51Cr	-4.47Cr	-4.94Cr	-5.42Cr
Comprehensive Income and Other	50L	50L	52.37L	52.37L	52.37L
Total Common Equity	1.1Cr	-21.63L	85.08L	38.64L	-10L
Total Equity	1.1Cr	-21.63L	85.08L	38.64L	-10L
Total Liabilities And Equity	3.2Cr	1.32Cr	1.67Cr	1.69Cr	2.12Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42Cr	42Cr	49Cr	49Cr	49Cr
ECS Total Common Shares Outstanding	42Cr	42Cr	49Cr	49Cr	49Cr
Book Value / Share	0.03	-0.01	0.02	0.01	-0
Tangible Book Value	1.1Cr	-21.63L	85.08L	38.64L	-10L
Tangible Book Value Per Share	0.03	-0.01	0.02	0.01	-0
Total Debt	1.72Cr	1.39Cr	63.8L	56.8L	82.67L
Net Debt	29.12L	1.1Cr	29.08L	-2L	30.87L
Debt Equivalent Oper. Leases	-	36L	-	-	-
Equity Method Investments, Total	78.47L	47.36L	-	-	-
Account Code - Inventory Valuation	3	3	-	3	3
Land - (BS)	-	-	-	-	-
Machinery, Total	15.11L	10.01L	10.59L	78T	78T
Full Time Employees	25	26	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: March	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Net Income	-3.43Cr	-1.31Cr	4L	-46.44L	-48.52L
Depreciation & Amortization - CF	14.37L	7L	8L	8L	8L
Depreciation & Amortization, Total	14.37L	7L	8L	8L	8L
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-2L	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-3L	5L	-	-
Asset Writedown & Restructuring Costs	10.79L	-	-	-	-
Provision for Credit Losses	1.02Cr	-12.5L	-	-	-
(Income) Loss On Equity Investments - (CF)	24.84L	29.43L	-	-	-
Provision and Write-off of Bad Debts	20.03L	24.2L	-	7L	5L
Other Operating Activities, Total	2L	26.03L	3L	-3L	5L
Change In Accounts Receivable	-10.92L	32.11L	-39.22L	-4L	-29.53L
Change In Accounts Payable	27.43L	-27.04L	5L	33.49L	41L
Change in Unearned Revenues	-	-	-	-	2L
Change in Other Net Operating Assets	-	-	12.5L	-	-
Cash from Operations	-1.54Cr	-58.08L	-96T	-6L	-17.71L
Capital Expenditure	-	-	-67T	-	-8L
Sale of Property, Plant, and Equipment	-	3L	-	-	-
Investment in Marketable and Equity Securities, Total	-25L	5L	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-60.67L	-	-	-	-
Other Investing Activities, Total	-	-	-	1T	2T
Cash from Investing	-85.67L	8L	-67T	1T	-7L
Short Term Debt Issued, Total	1.08Cr	28.84L	-	21.6L	43.82L
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	1.08Cr	28.84L	-	21.6L	43.82L
Short Term Debt Repaid, Total	-40.92L	-	-82.34L	-	-2L
Long-Term Debt Repaid, Total	-9L	-57.69L	-8L	-7L	-7L
Total Debt Repaid	-50.01L	-57.69L	-89.91L	-7L	-9L
Issuance of Common Stock	-	-	1.03Cr	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-2L	-7L	-6L	-	-66T
Cash from Financing	56.49L	-35.84L	7L	14.32L	33.99L
Net Change in Cash	-1.83Cr	-85.72L	5L	9L	9L
Supplemental Items
Cash Interest Paid	2L	7L	4L	-	66T
Cash Income Tax Paid (Refund)	5L	-20.5L	2L	7L	-4L
Levered Free Cash Flow	-37.09L	-69.2L	-11.63L	45.11L	-3L
Unlevered Free Cash Flow	-32.88L	-63.16L	-9L	45.29L	-2L
Change In Net Working Capital	-79.11L	-12.01L	22.9L	-69.89L	-29.04L
Net Debt Issued / Repaid	58.49L	-28.85L	-89.91L	14.32L	34.65L

Fiscal Period: March	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Profitability
Return on Assets	-29.01	-36.24	4.24	-19.22	-16.55
Return on Total Capital	-30.61	-41.03	4.76	-26.44	-37.52
Return On Equity %	-121.99	-298.15	12.23	-75.07	-337.41
Return on Common Equity	-121.99	-298.15	12.23	-75.07	-337.41
Margin Analysis
Gross Profit Margin %	-19.21	7.93	28.77	15.54	21.19
SG&A Margin	41.95	35.55	25.94	25.42	36.12
EBITDA Margin %	-65.69	-31.09	3.36	-11.22	-16.17
EBITA Margin %	-67.89	-31.78	2.83	-11.39	-16.46
EBIT Margin %	-67.89	-31.78	2.83	-11.39	-16.46
Income From Continuing Operations Margin %	-115.3	-31.86	1.08	-10.24	-15.82
Net Income Margin %	-115.3	-31.86	1.08	-10.24	-15.82
Net Avail. For Common Margin %	-115.3	-31.86	1.08	-10.24	-15.82
Normalized Net Income Margin	-48.34	-25.16	1.64	-6.64	-9.96
Levered Free Cash Flow Margin	-12.45	-16.78	-3.25	9.94	-1.01
Unlevered Free Cash Flow Margin	-11.04	-15.31	-2.5	9.98	-0.74
Asset Turnover
Asset Turnover	0.68	1.82	2.39	2.7	1.61
Fixed Assets Turnover	23.51	58.84	56.76	81.38	36.28
Receivables Turnover (Average Receivables)	4.11	7.93	6.27	6.73	3.93
Short Term Liquidity
Current Ratio	1.13	0.53	1.41	0.94	0.69
Quick Ratio	1.13	0.45	1.41	0.94	0.69
Operating Cash Flow to Current Liabilities	-0.75	-0.38	-0.01	-0.04	-0.08
Days Sales Outstanding (Average Receivables)	88.98	46.06	58.26	54.2	93.23
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	156.5	-644.57	74.99	147	-836.74
Total Debt / Total Capital	61.01	118.36	42.85	59.51	113.57
LT Debt/Equity	5.61	-	2.12	-	-18.22
Long-Term Debt / Total Capital	2.19	-	1.21	-	2.47
Total Liabilities / Total Assets	65.71	116.39	49.11	77.11	104.65
EBIT / Interest Expense	-30.04	-13.56	2.36	-184.54	-38.54
EBITDA / Interest Expense	-27.91	-12.86	4.29	-157.07	-32.63
(EBITDA - Capex) / Interest Expense	-27.91	-12.86	4.13	-157.07	-38.35
Total Debt / EBITDA	-0.91	-1.12	3.46	-1.29	-1.93
Net Debt / EBITDA	-0.16	-0.88	1.58	0.05	-0.72
Total Debt / (EBITDA - Capex)	-0.91	-1.12	3.59	-1.29	-1.65
Net Debt / (EBITDA - Capex)	-0.16	-0.88	1.64	0.05	-0.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-35.05	38.51	-13.16	26.67	-32.39
Gross Profit, 1 Yr. Growth %	-210.38	-157.13	215.23	-31.6	-7.8
EBITDA, 1 Yr. Growth %	319.88	-34.44	-109.37	-523.38	-2.52
EBITA, 1 Yr. Growth %	280.32	-35.17	-107.74	-609.06	-2.28
EBIT, 1 Yr. Growth %	280.32	-35.17	-107.74	-609.06	-2.28
Earnings From Cont. Operations, 1 Yr. Growth %	566.03	-61.73	-102.95	-1.3T	4.48
Net Income, 1 Yr. Growth %	566.03	-61.73	-102.95	-1.3T	4.48
Normalized Net Income, 1 Yr. Growth %	347.38	-27.91	-105.64	-614.73	1.33
Diluted EPS Before Extra, 1 Yr. Growth %	566.06	-61.73	-102.66	-1.23T	4.48
Accounts Receivable, 1 Yr. Growth %	-15	-43.54	104.39	-24.5	69.62
Net Property, Plant and Equip., 1 Yr. Growth %	-25.43	-70.43	194.38	-81.63	777.46
Total Assets, 1 Yr. Growth %	-41.91	-58.77	26.68	0.99	25.85
Tangible Book Value, 1 Yr. Growth %	-75.77	-119.7	-493.34	-54.58	-125.57
Common Equity, 1 Yr. Growth %	-75.77	-119.7	-493.34	-54.58	-125.57
Cash From Operations, 1 Yr. Growth %	33.23	-62.17	-98.35	483.33	216.25
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-70.32	86.58	-83.19	-487.76	-106.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-73.42	92.06	-85.83	-606.2	-105
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-13.73	-5.15	9.67	4.88	-7.46
Gross Profit, 2 Yr. CAGR %	-42.81	-20.59	34.2	46.84	-20.59
EBITDA, 2 Yr. CAGR %	35.59	65.91	-75.21	-37.01	103.16
EBITA, 2 Yr. CAGR %	40.72	57.03	-77.59	-37.22	123.03
EBIT, 2 Yr. CAGR %	40.72	57.03	-77.59	-37.22	123.03
Earnings From Cont. Operations, 2 Yr. CAGR %	106.8	59.66	-89.37	-40.55	253.63
Net Income, 2 Yr. CAGR %	106.8	59.66	-89.37	-40.55	253.63
Normalized Net Income, 2 Yr. CAGR %	49.94	79.59	-79.83	-46.1	128.38
Diluted EPS Before Extra, 2 Yr. CAGR %	106.83	59.66	-89.91	-45.26	243.1
Accounts Receivable, 2 Yr. CAGR %	-10.47	-30.73	7.42	24.22	13.16
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.26	-53.04	-6.69	-26.47	26.94
Total Assets, 2 Yr. CAGR %	-23.58	-51.06	-27.73	13.11	12.73
Tangible Book Value, 2 Yr. CAGR %	-53.36	-78.15	-11.97	33.66	-65.92
Common Equity, 2 Yr. CAGR %	-53.36	-78.15	-11.97	33.66	-65.92
Cash From Operations, 2 Yr. CAGR %	59.28	-29	-92.09	-68.95	329.51
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	234.57
Levered Free Cash Flow, 2 Yr. CAGR %	-8.79	-25.58	-43.99	-19.26	-48.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	-14.12	-28.55	-47.84	-15.32	-49.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.54	1.01	-7.9	15.07	-9.4
Gross Profit, 3 Yr. CAGR %	-34.81	-42.83	25.74	7.2	25.74
EBITDA, 3 Yr. CAGR %	8.37	6.42	-36.34	-36.16	-27.14
EBITA, 3 Yr. CAGR %	9.6	8.69	-42.42	-36.54	-27.24
EBIT, 3 Yr. CAGR %	9.6	8.69	-42.42	-36.54	-27.24
Earnings From Cont. Operations, 3 Yr. CAGR %	66.78	17.85	-57.78	-48.67	-28.26
Net Income, 3 Yr. CAGR %	66.78	17.85	-57.78	-48.67	-28.26
Normalized Net Income, 3 Yr. CAGR %	31.48	17.46	-43.33	-40.62	-33.48
Diluted EPS Before Extra, 3 Yr. CAGR %	52.85	17.86	-59.23	-51.42	-32.1
Accounts Receivable, 3 Yr. CAGR %	15.25	-23.23	-0.64	-4.49	37.81
Net Property, Plant and Equip., 3 Yr. CAGR %	-13.8	-36.64	-13.41	-45.72	68.02
Total Assets, 3 Yr. CAGR %	-17.9	-37.79	-32.81	-19.21	17.2
Tangible Book Value, 3 Yr. CAGR %	-41.55	-65	-42.74	-29.39	-22.99
Common Equity, 3 Yr. CAGR %	-41.55	-65	-42.74	-29.39	-22.99
Cash From Operations, 3 Yr. CAGR %	6.98	-1.36	-79.73	-66.84	-32.69
Capital Expenditures, 3 Yr. CAGR %	-	-	-57.12	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-34.64	15.78	-54.68	6.74	-64.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	-37.21	12.31	-58.34	11.26	-67.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.46	7.05	1.54	2.54	-7.72
Gross Profit, 5 Yr. CAGR %	-20.68	-29.65	-12.98	-16.62	4.63
EBITDA, 5 Yr. CAGR %	4.06	-4.54	-39.93	-13.72	1.26
EBITA, 5 Yr. CAGR %	4.89	-4.1	-41.92	-12.73	-1.03
EBIT, 5 Yr. CAGR %	4.89	-4.1	-41.92	-12.73	-1.03
Earnings From Cont. Operations, 5 Yr. CAGR %	20.86	17.27	-44.55	-10.37	-1.2
Net Income, 5 Yr. CAGR %	20.86	17.27	-44.55	-10.37	-1.2
Normalized Net Income, 5 Yr. CAGR %	7.66	14.33	-37.88	-13.99	-1.04
Diluted EPS Before Extra, 5 Yr. CAGR %	11.53	8.24	-48.47	-13.28	-4.41
Accounts Receivable, 5 Yr. CAGR %	16.08	-0.42	12.05	-6.93	4.66
Net Property, Plant and Equip., 5 Yr. CAGR %	25.68	67.88	-11.02	-32.75	0.91
Total Assets, 5 Yr. CAGR %	14.11	-0.22	-21.99	-20.98	-17.36
Tangible Book Value, 5 Yr. CAGR %	-4.53	-25.79	-31.15	-40.19	-53.47
Common Equity, 5 Yr. CAGR %	-4.53	-25.79	-31.15	-40.19	-53.47
Cash From Operations, 5 Yr. CAGR %	2.26	-15.52	-62.26	-37.87	-31.24
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-2.47
Levered Free Cash Flow, 5 Yr. CAGR %	12.07	-25.71	-38.56	0.24	-52.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.41	-27.06	-41.7	0.31	-55.07