Balance Sheet Beijing Ultrapower Software Co., Ltd.

Equities

300002

CNE100000H51

Software

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-11			5-day change	1st Jan Change
9.360 ^CNY	+2.30%		+4.58%	+5.76%

08-26	Beijing Ultrapower Software Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI
06-03	Beijing Ultrapower Software Co., Ltd. Announces Cash Dividend for the Year 2023, Payable on 07 June 2024	CI

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Published financial data: BEIJING ULTRAPOWER SOFTWARE CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.74B	3.56B	4.27B	4.76B	5.92B
Other Revenues, Total	40.47M	40.11M	42.71M	46.06M	37.95M
Total Revenues	1.78B	3.6B	4.31B	4.81B	5.96B
Cost of Goods Sold, Total	623M	1.43B	1.63B	1.9B	2.23B
Gross Profit	1.15B	2.16B	2.68B	2.9B	3.73B
Selling General & Admin Expenses, Total	1.27B	1.47B	1.86B	2.03B	2.38B
Provision for Bad Debts	20.99M	38.32M	39.71M	2.73M	1.1M
R&D Expenses	232M	213M	263M	303M	330M
Other Operating Expenses	4.9M	-2.56M	10.06M	3.68M	3.55M
Other Operating Expenses, Total	1.52B	1.72B	2.18B	2.34B	2.71B
Operating Income	-369M	448M	505M	564M	1.02B
Interest Expense, Total	-42.69M	-40.5M	-18.83M	-6.95M	-2.27M
Interest And Investment Income	11.47M	20.07M	6.05M	30.96M	63.15M
Net Interest Expenses	-31.22M	-20.42M	-12.77M	24.01M	60.88M
Currency Exchange Gains (Loss)	3.97M	-13.64M	-13.91M	81.69M	37.05M
Other Non Operating Income (Expenses)	-327M	-8.09M	-10.09M	8.54M	5.89M
EBT, Excl. Unusual Items	-723M	406M	468M	678M	1.12B
Impairment of Goodwill	-469M	-	-4.13M	-69.27M	-12.46M
Gain (Loss) On Sale Of Investments	-197M	9.51M	-57.9M	-11.45M	-23.74M
Gain (Loss) On Sale Of Assets	-1.14M	27.1K	-10.12K	6.7M	-212K
Asset Writedown	-70.67M	-147K	-501K	-8.92M	-70.2M
Legal Settlements	-2.22M	-121K	-2.3M	-5.11M	-8.52M
Other Unusual Items	4.07M	-2.83M	64.41M	39.05M	44.12M
EBT, Incl. Unusual Items	-1.46B	412M	468M	629M	1.05B
Income Tax Expense	10.72M	85.05M	103M	96.95M	171M
Earnings From Continuing Operations	-1.47B	327M	365M	532M	880M
Net Income to Company	-1.47B	327M	365M	532M	880M
Minority Interest	-4.7M	23.81M	19.09M	9.56M	6.87M
Net Income - (IS)	-1.47B	351M	385M	542M	887M
Net Income to Common Incl Extra Items	-1.47B	351M	385M	542M	887M
Net Income to Common Excl. Extra Items	-1.47B	351M	385M	542M	887M
Per Share Items
Net EPS - Basic	-0.75	0.18	0.2	0.28	0.46
Basic EPS - Continuing Operations	-0.75	0.18	0.2	0.28	0.46
Basic Weighted Average Shares Outstanding	1.96B	1.94B	1.94B	1.95B	1.95B
Net EPS - Diluted	-0.75	0.18	0.2	0.28	0.45
Diluted EPS - Continuing Operations	-0.75	0.18	0.2	0.28	0.45
Diluted Weighted Average Shares Outstanding	1.96B	1.94B	1.94B	1.95B	1.95B
Normalized Basic EPS	-0.23	0.14	0.16	0.22	0.36
Normalized Diluted EPS	-0.23	0.14	0.16	0.22	0.36
Dividend Per Share	-	-	0.02	0.03	0.06
Payout Ratio	-2.72	9.11	3	10.36	6.76
Supplemental Items
EBITDA	-339M	475M	534M	601M	1.05B
EBITA	-368M	449M	506M	564M	1.02B
EBIT	-369M	448M	505M	564M	1.02B
EBITDAR	-315M	506M	547M	615M	1.06B
Total Revenues (As Reported)	1.78B	3.6B	4.31B	4.81B	5.96B
Effective Tax Rate - (Ratio)	-0.74	20.62	21.91	15.41	16.27
Total Current Taxes	-1.23M	83.79M	116M	107M	138M
Total Deferred Taxes	11.96M	1.26M	-13.7M	-10.38M	33.61M
Normalized Net Income	-456M	278M	312M	433M	708M
Interest on Long-Term Debt	-	-	188K	346K	695K
Supplemental Operating Expense Items
Marketing Expenses	497M	834M	1.14B	1.16B	1.37B
Selling and Marketing Expenses	600M	947M	1.24B	1.26B	1.47B
General and Administrative Expenses	642M	489M	611M	759M	894M
Research And Development Expense From Footnotes	232M	213M	263M	308M	362M
Net Rental Expense, Total	23.5M	31.49M	13.26M	13.94M	13.36M
Imputed Operating Lease Interest Expense	12.59M	17.42M	8.19M	7.29M	4.33M
Imputed Operating Lease Depreciation	10.9M	14.06M	5.07M	6.65M	9.03M
Maintenance & Repair Expenses, Total	181K	702K	321K	917K	1.7M
Stock-Based Comp., G&A Exp. (Total)	-	-	39.89M	116M	108M
Total Stock-Based Compensation	-	-	39.89M	116M	108M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	854M	877M	852M	1.81B	2.13B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	41.75M	146M	116M	60.08M	607M
Total Cash And Short Term Investments	896M	1.02B	968M	1.87B	2.73B
Accounts Receivable, Total	767M	643M	758M	665M	832M
Other Receivables	60.21M	20.3M	7.53M	7.46M	13.87M
Total Receivables	827M	663M	766M	673M	846M
Inventory	223M	208M	155M	163M	166M
Prepaid Expenses	67.19K	63.25K	63.68K	-	156K
Other Current Assets, Total	47.78M	20.97M	47.44M	49.12M	57.51M
Total Current Assets	1.99B	1.91B	1.94B	2.75B	3.8B
Gross Property Plant And Equipment	573M	577M	606M	464M	599M
Accumulated Depreciation	-185M	-201M	-218M	-214M	-234M
Net Property Plant And Equipment	388M	377M	389M	251M	365M
Long-term Investments	267M	319M	248M	228M	220M
Goodwill	1.57B	1.54B	1.53B	1.46B	1.45B
Other Intangibles, Total	382M	383M	413M	294M	218M
Deferred Tax Assets Long-Term	29.53M	28.35M	43.62M	50.94M	26.83M
Deferred Charges Long-Term	49.2M	33.2M	19.52M	71.68M	33.33M
Other Long-Term Assets, Total	602M	598M	669M	712M	689M
Total Assets	5.28B	5.19B	5.25B	5.82B	6.8B
Liabilities
Accounts Payable, Total	294M	386M	311M	397M	386M
Accrued Expenses, Total	155M	170M	178M	202M	254M
Short-term Borrowings	769M	339M	142M	55.55M	25.52M
Current Portion of Long-Term Debt	30M	-	-	-	840K
Current Portion of Leases	-	-	3.54M	5.04M	12.96M
Current Income Taxes Payable	6.03M	29.2M	33.3M	28.6M	18.68M
Unearned Revenue Current, Total	-	222M	134M	153M	168M
Other Current Liabilities	228M	62.92M	77.85M	93.24M	113M
Total Current Liabilities	1.48B	1.21B	880M	934M	979M
Long-Term Debt	32.56M	-	-	-	-
Long-Term Leases	-	-	3.48M	3.4M	8.9M
Unearned Revenue Non Current	1.28M	974K	10.48M	11.02M	7.48M
Deferred Tax Liability Non Current	517K	2.01M	2.13M	512K	2.13M
Other Non Current Liabilities	19.95M	22.5M	18.62M	19.01M	18.5M
Total Liabilities	1.54B	1.23B	915M	968M	1.02B
Common Stock, Total	1.96B	1.96B	1.96B	1.96B	1.96B
Additional Paid In Capital	477M	584M	525M	584M	670M
Retained Earnings	1.3B	1.51B	1.9B	2.39B	3.21B
Treasury Stock	-	-101M	-	-50.02M	-31.3M
Comprehensive Income and Other	-19.81M	-31.29M	-57.07M	-46.97M	-49.18M
Total Common Equity	3.72B	3.93B	4.33B	4.84B	5.76B
Minority Interest	23.48M	29.57M	7.01M	14.71M	22.32M
Total Equity	3.75B	3.96B	4.33B	4.85B	5.79B
Total Liabilities And Equity	5.28B	5.19B	5.25B	5.82B	6.8B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.96B	1.94B	1.96B	1.95B	1.96B
ECS Total Common Shares Outstanding	1.96B	1.94B	1.96B	1.95B	1.96B
Book Value / Share	1.9	2.03	2.21	2.48	2.94
Tangible Book Value	1.77B	2.01B	2.38B	3.08B	4.1B
Tangible Book Value Per Share	0.9	1.04	1.22	1.58	2.09
Total Debt	832M	339M	149M	63.99M	48.22M
Net Debt	-64.36M	-683M	-820M	-1.8B	-2.69B
Debt Equivalent Oper. Leases	188M	252M	106M	112M	107M
Minority Interest, Total (Incl. Fin. Div)	23.48M	29.57M	7.01M	14.71M	22.32M
Equity Method Investments, Total	73.68M	125M	38.33M	12.39M	7.49M
Account Code - Inventory Valuation	8	8	8	8	8
Inventories - Raw Materials, Total	17.71M	12.23M	12.79M	15.18M	17.14M
Inventories - Work In Process, Total	-	170M	109M	97.05M	121M
Inventories - Finished Goods, Total	213M	36.43M	44.97M	62.85M	47.88M
Buildings, Total	433M	433M	433M	279M	377M
Machinery, Total	126M	128M	144M	150M	169M
Full Time Employees	3.52K	3.06K	2.79K	3.33K	4.08K
Accumulated Allowance for Doubtful Accounts (Supple)	260M	264M	283M	290M	285M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-1.47B	351M	385M	542M	887M
Depreciation & Amortization - CF	28.94M	25.68M	33.1M	42.36M	42.24M
Amortization of Goodwill and Intangible Assets - (CF)	726K	726K	726K	196K	444K
Depreciation & Amortization, Total	29.66M	26.4M	33.83M	42.56M	42.68M
Amortization of Deferred Charges, Total - (CF)	82.48M	82.59M	103M	117M	113M
(Gain) Loss From Sale Of Asset	1.14M	119K	184K	-6.7M	212K
(Gain) Loss on Sale of Investments - (CF)	190M	-21.14M	57.9M	-7.5M	2.88M
Asset Writedown & Restructuring Costs	539M	-	4.46M	78.19M	82.66M
Provision and Write-off of Bad Debts	20.99M	38.32M	39.71M	-4.39M	1.1M
Other Operating Activities, Total	373M	24.96M	20.96M	-1.35M	-16.53M
Change In Accounts Receivable	255M	-88.94M	-487M	94.86M	-208M
Change In Inventories	-58.23M	88.54M	33.29M	-8.29M	-10.97M
Change In Accounts Payable	193M	138M	194M	92.56M	42.47M
Change In Deferred Taxes	11.96M	1.26M	-13.7M	-10.38M	23.56M
Change in Other Net Operating Assets	-	-	39.89M	116M	118M
Cash from Operations	165M	642M	411M	1.04B	1.08B
Capital Expenditure	-132M	-74.27M	-187M	-102M	-169M
Sale of Property, Plant, and Equipment	623K	127K	901K	16.05M	723K
Cash Acquisitions	-	-	-	-892K	-7.55M
Divestitures	-772K	-48.48M	7.65M	74.57M	-24.79K
Investment in Marketable and Equity Securities, Total	243M	-96.57M	-31.53M	90.37M	-523M
Other Investing Activities, Total	9.07M	3.79M	442K	-272K	-24.67M
Cash from Investing	120M	-215M	-209M	78.1M	-724M
Short Term Debt Issued, Total	-	-	183M	151M	40.84M
Long-Term Debt Issued, Total	999M	306M	-	-	-
Total Debt Issued	999M	306M	183M	151M	40.84M
Short Term Debt Repaid, Total	-	-	-351M	-238M	-70.5M
Long-Term Debt Repaid, Total	-1B	-765M	-5.1M	-6.27M	-12.63M
Total Debt Repaid	-1B	-765M	-356M	-245M	-83.13M
Issuance of Common Stock	36.75M	-	-	831K	19.18M
Repurchase of Common Stock	-	-	-	-50.02M	-
Common Dividends Paid	-40.16M	-31.98M	-11.53M	-56.15M	-60.01M
Common & Preferred Stock Dividends Paid	-40.16M	-31.98M	-11.53M	-56.15M	-60.01M
Other Financing Activities, Total	5.27M	122M	4.49M	-30.59M	-4.03M
Cash from Financing	-295K	-370M	-180M	-229M	-87.16M
Foreign Exchange Rate Adjustments	3.55M	-20.61M	-19.15M	67.37M	39.55M
Net Change in Cash	289M	35.93M	1.78M	961M	307M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	69.01M	119M	162M	170M	228M
Levered Free Cash Flow	85.62M	682M	83.34M	744M	612M
Unlevered Free Cash Flow	112M	707M	95.11M	748M	613M
Change In Net Working Capital	-362M	-393M	210M	-222M	118M
Net Debt Issued / Repaid	-2.15M	-460M	-173M	-93.55M	-42.29M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-3.87	5.35	6.05	6.37	10.09
Return on Total Capital	-4.49	6.31	7.19	7.5	11.85
Return On Equity %	-32.74	8.5	8.82	11.59	16.55
Return on Common Equity	-32.9	9.18	9.32	11.83	16.74
Margin Analysis
Gross Profit Margin %	64.95	60.17	62.17	60.37	62.56
SG&A Margin	71.21	40.8	43.22	42.19	39.87
EBITDA Margin %	-19.07	13.2	12.37	12.51	17.61
EBITA Margin %	-20.7	12.48	11.73	11.74	17.09
EBIT Margin %	-20.74	12.46	11.71	11.74	17.08
Income From Continuing Operations Margin %	-82.68	9.1	8.47	11.08	14.76
Net Income Margin %	-82.95	9.77	8.91	11.28	14.88
Net Avail. For Common Margin %