Income Statement Aier Eye Hospital Group Co., Ltd.

Equities

300015

CNE100000GR6

Healthcare Facilities & Services

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-10			5-day change	1st Jan Change
9.410 ^CNY	-1.26%		+0.97%	-40.52%

08-26	Citi Downgrades Aier Eye Hospital Group to Sell From Neutral; Price Target is 7 Yuan	MT
08-26	Aier Eye Hospital Group H1 Profit Up 20%, Operating Income Rises 3%	MT

cdede7768eeb60f6a.UPewtizrKld-_Kx4ijcNw2EqKagVBkJ9NMj-h4F85uc.GY753kXGEzwryO0IzHZYohsHUdp-cAYtAa2J8s8V1aYmvO_zFd4dERvI7Q

Published financial data: AIER EYE HOSPITAL GROUP CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	9.97B	11.9B	14.97B	16.07B	20.31B
Other Revenues, Total	16.17M	12.34M	27.91M	41.12M	54.3M
Total Revenues	9.99B	11.91B	15B	16.11B	20.37B
Cost of Goods Sold, Total	5.06B	5.84B	7.21B	7.98B	10.02B
Gross Profit	4.93B	6.08B	7.79B	8.13B	10.35B
Selling General & Admin Expenses, Total	2.35B	2.49B	3.41B	3.85B	4.64B
Provision for Bad Debts	68.38M	90.53M	97.89M	77.27M	107M
R&D Expenses	151M	163M	221M	270M	331M
Other Operating Expenses	22.19M	30.41M	41.32M	44.62M	45.65M
Other Operating Expenses, Total	2.6B	2.78B	3.77B	4.24B	5.12B
Operating Income	2.33B	3.3B	4.02B	3.89B	5.22B
Interest Expense, Total	-68.86M	-75.38M	-165M	-178M	-195M
Interest And Investment Income	122M	198M	200M	132M	166M
Net Interest Expenses	53.03M	123M	34.86M	-46.09M	-29.09M
Currency Exchange Gains (Loss)	9.61M	-21.32M	42.88M	129M	52.41M
Other Non Operating Income (Expenses)	-22.19M	-35.99M	-44.93M	-38.19M	-54.19M
EBT, Excl. Unusual Items	2.37B	3.37B	4.05B	3.93B	5.19B
Impairment of Goodwill	-314M	-362M	-217M	-95.34M	-384M
Gain (Loss) On Sale Of Investments	-56.41M	-380M	-448M	-357M	-79.42M
Gain (Loss) On Sale Of Assets	-4.93M	969K	52.45K	-1.25M	711K
Asset Writedown	-	-4.44M	-4.27M	-5.01M	-6.11M
Other Unusual Items	-154M	-257M	-238M	-138M	-173M
EBT, Incl. Unusual Items	1.84B	2.36B	3.15B	3.34B	4.55B
Income Tax Expense	409M	486M	678M	646M	895M
Earnings From Continuing Operations	1.43B	1.88B	2.47B	2.69B	3.66B
Net Income to Company	1.43B	1.88B	2.47B	2.69B	3.66B
Minority Interest	-52.24M	-153M	-147M	-165M	-297M
Net Income - (IS)	1.38B	1.72B	2.32B	2.52B	3.36B
Net Income to Common Incl Extra Items	1.38B	1.72B	2.32B	2.52B	3.36B
Net Income to Common Excl. Extra Items	1.38B	1.72B	2.32B	2.52B	3.36B
Per Share Items
Net EPS - Basic	0.16	0.19	0.26	0.28	0.36
Basic EPS - Continuing Operations	0.16	0.19	0.26	0.28	0.36
Basic Weighted Average Shares Outstanding	8.78B	8.92B	9.05B	8.99B	9.22B
Net EPS - Diluted	0.16	0.19	0.26	0.28	0.36
Diluted EPS - Continuing Operations	0.16	0.19	0.26	0.28	0.36
Diluted Weighted Average Shares Outstanding	8.79B	8.92B	9.05B	8.99B	9.25B
Normalized Basic EPS	0.16	0.22	0.26	0.25	0.32
Normalized Diluted EPS	0.16	0.22	0.26	0.25	0.32
Dividend Per Share	0.05	0.07	0.07	0.08	0.15
Payout Ratio	37.28	30.79	28.51	26.64	22.24
Supplemental Items
EBITDA	2.67B	3.7B	4.5B	4.49B	5.89B
EBITA	2.33B	3.3B	4.03B	3.91B	5.23B
EBIT	2.33B	3.3B	4.02B	3.89B	5.22B
EBITDAR	2.73B	3.78B	4.51B	4.51B	5.9B
Total Revenues (As Reported)	9.99B	11.91B	15B	16.11B	20.37B
Effective Tax Rate - (Ratio)	22.23	20.57	21.53	19.37	19.67
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	411M	520M	712M	666M	868M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-2.23M	-34.22M	-33.76M	-19.53M	26.6M
Normalized Net Income	1.43B	1.95B	2.39B	2.29B	2.95B
Interest on Long-Term Debt	-	-	139M	156M	16.95M
Non-Cash Pension Expense	-	-	-	1.68M	5.87M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	937M
Marketing Expenses	513M	494M	695M	724M	-
Selling and Marketing Expenses	1.05B	1.07B	1.45B	1.56B	1.97B
General and Administrative Expenses	1.26B	1.35B	1.96B	2.29B	2.67B
Research And Development Expense From Footnotes	152M	164M	223M	272M	333M
Net Rental Expense, Total	58.13M	80.83M	13.22M	22.26M	11.99M
Imputed Operating Lease Interest Expense	15.1M	21.17M	4.74M	6.31M	3.68M
Imputed Operating Lease Depreciation	43.03M	59.66M	8.48M	15.95M	8.31M
Stock-Based Comp., G&A Exp. (Total)	2.93M	754K	127M	228M	145M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	2.93M	754K	127M	228M	145M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.84B	3.06B	4.4B	6B	6.1B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	300M	300M	300M	900M	811M
Total Cash And Short Term Investments	2.14B	3.36B	4.7B	6.9B	6.91B
Accounts Receivable, Total	1.18B	1.42B	1.52B	1.58B	1.9B
Other Receivables	195M	186M	268M	226M	245M
Notes Receivable	-	-	-	-	-
Total Receivables	1.37B	1.6B	1.78B	1.81B	2.14B
Inventory	374M	495M	571M	731M	900M
Prepaid Expenses	350K	241K	22.38K	5.08K	-
Other Current Assets, Total	138M	185M	157M	213M	232M
Total Current Assets	4.03B	5.65B	7.22B	9.66B	10.19B
Gross Property Plant And Equipment	3.94B	5.06B	9.58B	11.64B	14.45B
Accumulated Depreciation	-1.81B	-2.3B	-3.02B	-4.04B	-5.42B
Net Property Plant And Equipment	2.13B	2.76B	6.55B	7.6B	9.03B
Long-term Investments	1.76B	1.76B	1.47B	1.38B	1.6B
Goodwill	2.64B	3.88B	4.32B	5.46B	6.53B
Other Intangibles, Total	555M	546M	751M	814M	828M
Deferred Tax Assets Long-Term	94.98M	158M	259M	366M	414M
Deferred Charges Long-Term	578M	700M	1.03B	1.17B	1.37B
Other Long-Term Assets, Total	121M	97.01M	258M	126M	214M
Total Assets	11.89B	15.54B	21.85B	26.58B	30.19B
Liabilities
Accounts Payable, Total	1.09B	1.45B	1.38B	1.47B	1.87B
Accrued Expenses, Total	432M	572M	684M	751M	948M
Short-term Borrowings	580M	487M	671M	573M	850M
Current Portion of Long-Term Debt	309M	211M	1.21B	20.15M	108M
Current Portion of Leases	-	-	439M	519M	660M
Current Income Taxes Payable	118M	218M	173M	127M	165M
Unearned Revenue Current, Total	-	161M	198M	225M	183M
Other Current Liabilities	348M	231M	1.52B	1.69B	1.22B
Total Current Liabilities	2.88B	3.33B	6.28B	5.37B	6.01B
Long-Term Debt	1.64B	1.38B	57.67M	115M	22.18M
Long-Term Leases	-	-	3.1B	3.33B	3.96B
Deferred Tax Liability Non Current	74.21M	74.44M	84.74M	118M	123M
Other Non Current Liabilities	283M	97.73M	110M	33.75M	45.59M
Total Liabilities	4.87B	4.89B	9.62B	8.96B	10.16B
Common Stock, Total	3.1B	4.12B	5.41B	7.18B	9.33B
Additional Paid In Capital	561M	2.38B	2.21B	3.97B	1.52B
Retained Earnings	3.02B	3.36B	5.06B	6.94B	9.58B
Treasury Stock	-62.85M	-	-1.29B	-1.34B	-1.56B
Comprehensive Income and Other	-26.05M	-94.58K	-80.84M	-74.54M	-21.7M
Total Common Equity	6.59B	9.85B	11.31B	16.67B	18.86B
Minority Interest	429M	798M	914M	944M	1.17B
Total Equity	7.02B	10.65B	12.22B	17.62B	20.02B
Total Liabilities And Equity	11.89B	15.54B	21.85B	26.58B	30.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.82B	9.03B	9.13B	9.33B	9.3B
ECS Total Common Shares Outstanding	8.82B	9.03B	9.13B	9.33B	9.3B
Book Value / Share	0.75	1.09	1.24	1.79	2.03
Tangible Book Value	3.4B	5.43B	6.24B	10.4B	11.49B
Tangible Book Value Per Share	0.39	0.6	0.68	1.11	1.24
Total Debt	2.53B	2.08B	5.48B	4.56B	5.6B
Net Debt	385M	-1.28B	773M	-2.35B	-1.31B
Debt Equivalent Oper. Leases	465M	647M	106M	178M	95.95M
Minority Interest, Total (Incl. Fin. Div)	429M	798M	914M	944M	1.17B
Equity Method Investments, Total	1.53B	1.44B	737K	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.13M	13.24M	16.8M	15.82M	15.46M
Inventories - Finished Goods, Total	363M	483M	555M	716M	885M
Buildings, Total	226M	285M	278M	1.17B	1.3B
Machinery, Total	3.35B	4.1B	4.69B	5.34B	6.21B
Full Time Employees	18.24K	22.81K	26.97K	32.33K	36.72K
Assets under Capital Lease - Gross	-	10.01M	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-3.2M	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	80.43M	125M	178M	217M	270M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.38B	1.72B	2.32B	2.52B	3.36B
Depreciation & Amortization - CF	342M	399M	934M	1.13B	1.32B
Amortization of Goodwill and Intangible Assets - (CF)	282K	282K	3.07M	21.17M	9.94M
Depreciation & Amortization, Total	342M	399M	938M	1.15B	1.33B
Amortization of Deferred Charges, Total - (CF)	162M	151M	187M	240M	339M
(Gain) Loss From Sale Of Asset	974K	-934K	-52.45K	1.25M	-711K
(Gain) Loss on Sale of Investments - (CF)	-84.09M	211M	344M	315M	32.9M
Asset Writedown & Restructuring Costs	318M	366M	221M	100M	390M
Provision and Write-off of Bad Debts	68.38M	90.53M	97.89M	77.27M	107M
Other Operating Activities, Total	137M	265M	234M	204M	443M
Change In Accounts Receivable	-272M	-132M	-109M	-68.21M	-265M
Change In Inventories	8.98M	-38.91M	-37.58M	-159M	-169M
Change In Accounts Payable	17.86M	342M	-207M	-48.99M	136M
Change In Deferred Taxes	-2.23M	-34.22M	-33.76M	-73.7M	26.6M
Change in Other Net Operating Assets	2.93M	972K	127M	228M	145M
Cash from Operations	2.08B	3.34B	4.08B	4.49B	5.87B
Capital Expenditure	-746M	-894M	-1.49B	-1.39B	-1.46B
Sale of Property, Plant, and Equipment	5.94M	5.44M	6.37M	7.81M	5.55M
Cash Acquisitions	-957M	-30.05M	-946M	-1.13B	-1.59B
Divestitures	-	-	-	180K	-
Investment in Marketable and Equity Securities, Total	-159M	-317M	-250M	-796M	-306M
Other Investing Activities, Total	96.44M	178M	169M	42.4M	41.75M
Cash from Investing	-1.76B	-1.06B	-2.51B	-3.26B	-3.3B
Long-Term Debt Issued, Total	2.85B	2.61B	720M	438M	863M
Total Debt Issued	2.85B	2.61B	720M	438M	863M
Long-Term Debt Repaid, Total	-2.05B	-3.04B	-1.17B	-2.35B	-1.42B
Total Debt Repaid	-2.05B	-3.04B	-1.17B	-2.35B	-1.42B
Issuance of Common Stock	-	693M	1.3B	3.85B	-
Repurchase of Common Stock	-	-	-3.18M	-5.1M	-576M
Common Dividends Paid	-514M	-531M	-663M	-673M	-747M
Common & Preferred Stock Dividends Paid	-514M	-531M	-663M	-673M	-747M
Other Financing Activities, Total	-119M	-580M	-420M	-873M	-628M
Cash from Financing	164M	-852M	-240M	390M	-2.51B
Foreign Exchange Rate Adjustments	4.13M	-9.92M	10.39M	21.71M	34.84M
Net Change in Cash	488M	1.42B	1.34B	1.64B	92.57M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	566M	616M	1.06B	1.05B	1.17B
Levered Free Cash Flow	1.57B	1.92B	3.05B	2.61B	3.11B
Unlevered Free Cash Flow	1.61B	1.97B	3.15B	2.72B	3.23B
Change In Net Working Capital	-393M	-252M	-877M	-61.82M	387M
Net Debt Issued / Repaid	798M	-434M	-450M	-1.91B	-559M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.53	15.04	13.45	10.03	11.5
Return on Total Capital	16.89	18.52	16.64	12.19	13.66
Return On Equity %	22.03	21.24	21.59	18.02	19.43
Return on Common Equity	22.45	20.96	21.96	18.04	18.91
Margin Analysis
Gross Profit Margin %	49.3	51.02	51.92	50.46	50.79
SG&A Margin	23.57	20.93	22.71	23.9	22.77
EBITDA Margin %	26.73	31.06	29.98	27.88	28.92
EBITA Margin %	23.31	27.71	26.83	24.26	25.69
EBIT Margin %	23.31	27.7	26.81	24.13	25.64
Income From Continuing Operations Margin %