Cash flow China Rare Earth Holdings Limited OTC Markets

Stocks

CREQF

KYG210891001

Commodity Chemicals

Delayed OTC Markets 10:09:28 2026-08-20 EDT			5-day change	1st Jan Change
0.000500 ^USD	-.--%		-.--%	-99.77%

07-16	China's rare earth curbs endanger $6.5 trillion of Western industry, IEA says	RE
07-09	China Rare Earth Holdings Limited Announces Change of Principal Place of Business in Hong Kong, with Effect from 9 July 2026	CI

639ceb8.JgP4hDKwF9x5sJpF6T8nyk55Ga_TX4UGqg8VxgoNRnQ.aHSu213eLu4c-vkHg0xWrhsaKciZB813zGtRsG51EzAWN6DzXvN_tE-G7Q

Published financial data: CHINA RARE EARTH HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Revenues	1.11B	1.21B	810M	686M	757M
Total Revenues	1.11B	1.21B	810M	686M	757M
Cost of Goods Sold, Total	1.04B	1.13B	809M	837M	810M
Gross Profit	75.82M	85.98M	1.12M	-151M	-52.99M
Selling General & Admin Expenses, Total	49.85M	57.7M	48.61M	55.86M	36.43M
Other Operating Expenses	11.57M	7.94M	342M	11.88M	-3.97M
Other Operating Expenses, Total	61.42M	65.64M	390M	67.73M	32.46M
Operating Income	14.4M	20.34M	-389M	-219M	-85.45M
Interest Expense, Total	-440K	-455K	-297K	-309K	-42K
Interest And Investment Income	5.18M	5.86M	4.87M	2.86M	2.01M
Net Interest Expenses	4.74M	5.4M	4.58M	2.55M	1.96M
Currency Exchange Gains (Loss)	6.06M	1.85M	-7.92M	611K	-1.55M
EBT, Excl. Unusual Items	25.2M	27.59M	-392M	-216M	-85.04M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.3M	327K	397K	5.72M	294K
Asset Writedown	-	-	-	-	-21.83M
Other Unusual Items	-	164K	-	-	-
EBT, Incl. Unusual Items	26.5M	28.08M	-392M	-210M	-107M
Income Tax Expense	5.89M	2.65M	1.73M	-561K	569K
Earnings From Continuing Operations	20.61M	25.44M	-394M	-210M	-107M
Net Income to Company	20.61M	25.44M	-394M	-210M	-107M
Minority Interest	-898K	-1.16M	20.38M	9.06M	2.22M
Net Income - (IS)	19.71M	24.27M	-373M	-201M	-105M
Net Income to Common Incl Extra Items	19.71M	24.27M	-373M	-201M	-105M
Net Income to Common Excl. Extra Items	19.71M	24.27M	-373M	-201M	-105M
Per Share Items
Net EPS - Basic	0.01	0.01	-0.16	-0.09	-0.04
Basic EPS - Continuing Operations	0.01	0.01	-0.16	-0.09	-0.04
Basic Weighted Average Shares Outstanding	2.34B	2.34B	2.34B	2.34B	2.34B
Net EPS - Diluted	0.01	0.01	-0.16	-0.09	-0.04
Diluted EPS - Continuing Operations	0.01	0.01	-0.16	-0.09	-0.04
Diluted Weighted Average Shares Outstanding	2.34B	2.34B	2.34B	2.34B	2.34B
Normalized Basic EPS	0.01	0.01	-0.1	-0.05	-0.02
Normalized Diluted EPS	0.01	0.01	-0.1	-0.05	-0.02
Supplemental Items
EBITDA	46.4M	51.8M	-354M	-189M	-59.58M
EBITA	14.4M	20.34M	-389M	-219M	-85.45M
EBIT	14.4M	20.34M	-389M	-219M	-85.45M
EBITDAR	47.32M	52.76M	-353M	-188M	-58.7M
Effective Tax Rate - (Ratio)	22.22	9.43	-0.44	0.27	-0.53
Current Domestic Taxes	6.48M	4.5M	2.46M	-	-
Total Current Taxes	6.48M	4.5M	2.46M	-	-
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-596K	-1.85M	-725K	-561K	569K
Normalized Net Income	14.85M	16.08M	-225M	-126M	-50.93M
Interest on Long-Term Debt	199K	134K	79K	61K	42K
Supplemental Operating Expense Items
Selling and Marketing Expenses	10.28M	13.23M	11.82M	9.82M	4.92M
General and Administrative Expenses	39.58M	44.47M	36.79M	46.04M	31.51M
Net Rental Expense, Total	921K	964K	935K	889K	873K
Imputed Operating Lease Interest Expense	824K	1.38M	1.42M	1.82M	348K
Imputed Operating Lease Depreciation	97.24K	-415K	-482K	-934K	525K
Stock-Based Comp., Other (Total)	-	-	959K	9.06M	-
Total Stock-Based Compensation	-	-	959K	9.06M	-

Fiscal Period: December	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Assets
Cash And Equivalents	1.74B	1.82B	1.45B	1.3B	966M
Total Cash And Short Term Investments	1.74B	1.82B	1.45B	1.3B	966M
Accounts Receivable, Total	458M	540M	477M	419M	586M
Other Receivables	35.75M	23.29M	16.26M	5.89M	17.29M
Total Receivables	494M	563M	493M	425M	603M
Inventory	340M	341M	191M	203M	259M
Other Current Assets, Total	106M	6.35M	13.06M	5.28M	8.76M
Total Current Assets	2.68B	2.73B	2.15B	1.93B	1.84B
Gross Property Plant And Equipment	1.03B	1.11B	1B	878M	848M
Accumulated Depreciation	-779M	-805M	-751M	-664M	-689M
Net Property Plant And Equipment	248M	310M	253M	214M	159M
Goodwill	0	0	-	-	-
Deferred Tax Assets Long-Term	4.67M	6.68M	6.81M	7.27M	6.55M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	2.93B	3.05B	2.41B	2.15B	2B
Liabilities
Accounts Payable, Total	75.61M	107M	84.63M	74.79M	68.15M
Accrued Expenses, Total	24.71M	31.2M	26.45M	20.78M	23.23M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	1.24M	353K	371K	391K	434K
Current Income Taxes Payable	6.49M	4.92M	2.54M	2.41M	2.41M
Unearned Revenue Current, Total	33.91M	10.08M	14.15M	446K	433K
Other Current Liabilities	3.88M	2.16M	4.03M	10.1M	12.33M
Total Current Liabilities	146M	155M	132M	109M	107M
Long-Term Leases	2.1M	1.39M	1.02M	629K	230K
Deferred Tax Liability Non Current	-	-	-	-	-
Total Liabilities	148M	157M	133M	110M	107M
Common Stock, Total	234M	234M	234M	234M	234M
Additional Paid In Capital	2.09B	2.09B	2.09B	2.09B	2.09B
Retained Earnings	28.58M	52.85M	-320M	-521M	-616M
Comprehensive Income and Other	421M	501M	281M	257M	206M
Total Common Equity	2.78B	2.88B	2.29B	2.06B	1.92B
Minority Interest	7.49M	8.89M	-11.38M	-20.22M	-21.98M
Total Equity	2.78B	2.89B	2.28B	2.04B	1.9B
Total Liabilities And Equity	2.93B	3.05B	2.41B	2.15B	2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.34B	2.34B	2.34B	2.34B	2.34B
ECS Total Common Shares Outstanding	2.34B	2.34B	2.34B	2.34B	2.34B
Book Value / Share	1.19	1.23	0.98	0.88	0.82
Tangible Book Value	2.78B	2.88B	2.29B	2.06B	1.92B
Tangible Book Value Per Share	1.19	1.23	0.98	0.88	0.82
Total Debt	3.34M	1.74M	1.39M	1.02M	664K
Net Debt	-1.74B	-1.82B	-1.45B	-1.3B	-965M
Debt Equivalent Oper. Leases	7.37M	7.71M	7.48M	7.11M	6.98M
Minority Interest, Total (Incl. Fin. Div)	7.49M	8.89M	-11.38M	-20.22M	-21.98M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	23.27M	13.85M	10.15M	4.63M	82.48M
Inventories - Work In Process, Total	70.69M	69.74M	60.34M	5.51M	2.26M
Inventories - Finished Goods, Total	246M	258M	121M	193M	175M
Buildings, Total	252M	260M	238M	214M	210M
Machinery, Total	668M	709M	677M	582M	569M
Full Time Employees	400	360	360	250	220
Accumulated Allowance for Doubtful Accounts (Supple)	36.51M	43.2M	54.13M	58.27M	52.9M

Fiscal Period: December	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Net Income	19.71M	24.27M	-373M	-201M	-105M
Depreciation & Amortization - CF	36.37M	35.64M	38.3M	33.9M	29.17M
Depreciation & Amortization, Total	36.37M	35.64M	38.3M	33.9M	29.17M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-1.3M	-327K	-397K	-5.72M	-294K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	21.83M
Stock-Based Compensation (CF)	-	-	959K	9.06M	-
Provision and Write-off of Bad Debts	14.27M	5.53M	15.24M	4.94M	-4.17M
Other Operating Activities, Total	41.08M	11.37M	-27.7M	53.02M	11.07M
Change In Accounts Receivable	-185M	-62.18M	8.68M	8.48M	-186M
Change In Inventories	-108M	-8.53M	126M	-82.87M	-75.87M
Change In Accounts Payable	-3.82M	28.49M	-13.91M	11.22M	-5.2M
Change in Other Net Operating Assets	339M	80.78M	-4.16M	-1.26M	1.22M
Cash from Operations	152M	115M	-230M	-170M	-313M
Capital Expenditure	-5.1M	-90.2M	-6.96M	-18K	-
Sale of Property, Plant, and Equipment	16.83M	439K	1.03M	-	533K
Divestitures	-	-	-	32.76M	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	5.18M	5.86M	4.87M	2.86M	2.01M
Cash from Investing	16.91M	-83.91M	-1.06M	35.6M	2.54M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.18M	-815K	-353K	-371K	-401K
Total Debt Repaid	-1.18M	-815K	-353K	-371K	-401K
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-440K	-455K	-297K	-309K	-42K
Cash from Financing	-1.62M	-1.27M	-650K	-680K	-443K
Foreign Exchange Rate Adjustments	93.83M	49.7M	-135M	-18.09M	-22.84M
Net Change in Cash	261M	79.58M	-367M	-153M	-333M
Supplemental Items
Cash Interest Paid	440K	455K	297K	309K	42K
Cash Income Tax Paid (Refund)	4M	6.17M	4.89M	129K	-
Levered Free Cash Flow	105M	-2.8M	-20.89M	-52.87M	-265M
Unlevered Free Cash Flow	105M	-2.51M	-20.7M	-52.68M	-265M
Change In Net Working Capital	-64.83M	-39.34M	-190M	-41.29M	240M
Net Debt Issued / Repaid	-1.18M	-815K	-353K	-371K	-401K

Fiscal Period: December	2020 (HKD)	2021 (HKD)	2022 (HKD)	2023 (HKD)	2024 (HKD)
Profitability
Return on Assets	0.32	0.43	-8.91	-6	-2.57
Return on Total Capital	0.33	0.45	-9.41	-6.33	-2.71
Return On Equity %	0.77	0.9	-15.24	-9.7	-5.44
Return on Common Equity	0.73	0.86	-14.44	-9.22	-5.27
Margin Analysis
Gross Profit Margin %	6.82	7.09	0.14	-22.06	-7
SG&A Margin	4.48	4.76	6	8.14	4.81
EBITDA Margin %	4.17	4.27	-43.71	-27.48	-7.87
EBITA Margin %	1.29	1.68	-48	-31.93	-11.29
EBIT Margin %	1.29	1.68	-48	-31.93	-11.29
Income From Continuing Operations Margin %	1.85	2.1	-48.58	-30.55	-14.16
Net Income Margin %	1.77	2	-46.06	-29.23	-13.87
Net Avail. For Common Margin %	1.77	2	-46.06	-29.23	-13.87
Normalized Net Income Margin	1.34	1.33	-27.74	-18.35	-6.73
Levered Free Cash Flow Margin	9.42	-0.23	-2.58	-7.71	-34.96
Unlevered Free Cash Flow Margin	9.45	-0.21	-2.55	-7.68	-34.96
Asset Turnover
Asset Turnover	0.39	0.41	0.3	0.3	0.36
Fixed Assets Turnover	4.35	4.35	2.88	2.94	4.06
Receivables Turnover (Average Receivables)	3.09	2.43	1.59	1.53	1.51
Inventory Turnover (Average Inventory)	3.47	3.31	3.04	4.25	3.5
Short Term Liquidity
Current Ratio	18.38	17.58	16.26	17.74	17.17
Quick Ratio	15.32	15.34	14.72	15.83	14.66
Operating Cash Flow to Current Liabilities	1.04	0.74	-1.74	-1.56	-2.92
Days Sales Outstanding (Average Receivables)	118.42	150.19	228.94	238.15	242.89
Days Outstanding Inventory (Average Inventory)	105.34	110.41	120.09	85.97	104.54
Average Days Payable Outstanding	24.56	29.51	52.93	34.27	30.2
Cash Conversion Cycle (Average Days)	199.21	231.1	296.1	289.86	317.23
Long Term Solvency
Total Debt/Equity	0.12	0.06	0.06	0.05	0.04
Total Debt / Total Capital	0.12	0.06	0.06	0.05	0.04
LT Debt/Equity	0.08	0.05	0.04	0.03	0.01
Long-Term Debt / Total Capital	0.08	0.05	0.04	0.03	0.01
Total Liabilities / Total Assets	5.04	5.14	5.53	5.09	5.35
EBIT / Interest Expense	32.73	44.71	-1.31K	-708.89	-2.03K
EBITDA / Interest Expense	115.38	123.03	-1.18K	-599.19	-1.34K
(EBITDA - Capex) / Interest Expense	103.79	-75.22	-1.2K	-599.25	-1.34K
Total Debt / EBITDA	0.07	0.03	-0	-0.01	-0.01
Net Debt / EBITDA	-34.21	-32.48	4.14	7.01	17.15
Total Debt / (EBITDA - Capex)	0.07	-0.05	-0	-0.01	-0.01
Net Debt / (EBITDA - Capex)	-38.03	53.12	4.06	7.01	17.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.21	9	-33.16	-15.34	10.29
Gross Profit, 1 Yr. Growth %	-1.66	13.4	-98.7	-13.66K	-64.98
EBITDA, 1 Yr. Growth %	-20.83	11.63	-783.89	-46.78	-68.4
EBITA, 1 Yr. Growth %	-45.44	41.25	-2.01K	-43.69	-60.99
EBIT, 1 Yr. Growth %	-45.44	41.25	-2.01K	-43.69	-60.99
Earnings From Cont. Operations, 1 Yr. Growth %	-47.94	23.43	-1.65K	-46.76	-48.88
Net Income, 1 Yr. Growth %	-49.31	23.16	-1.64K	-46.28	-47.68
Normalized Net Income, 1 Yr. Growth %	-17.43	8.3	-1.5K	-44.02	-59.54
Diluted EPS Before Extra, 1 Yr. Growth %	-49.32	23.16	-1.64K	-46.28	-47.68
Accounts Receivable, 1 Yr. Growth %	74.81	17.93	-11.72	-12.18	39.91
Inventory, 1 Yr. Growth %	32.84	0.22	-43.89	6.09	27.77
Net Property, Plant and Equip., 1 Yr. Growth %	-5.9	24.94	-18.31	-15.37	-25.79
Total Assets, 1 Yr. Growth %	7.34	3.9	-20.92	-10.62	-7.02
Tangible Book Value, 1 Yr. Growth %	7	3.76	-20.6	-9.77	-7.12
Common Equity, 1 Yr. Growth %	7	3.76	-20.6	-9.77	-7.12
Cash From Operations, 1 Yr. Growth %	-197.08	-24.4	-300.33	-26.34	84.22
Capital Expenditures, 1 Yr. Growth %	-76.77	1.67K	-92.29	-99.74	-
Levered Free Cash Flow, 1 Yr. Growth %	-159.98	-102.67	646.64	153.1	400.39
Unlevered Free Cash Flow, 1 Yr. Growth %	-160.27	-102.39	723.74	154.44	402.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.04	9.11	-14.64	-24.78	-3.37
Gross Profit, 2 Yr. CAGR %	12.02	5.6	-87.87	32.66	589.07
EBITDA, 2 Yr. CAGR %	-3.07	-5.99	176.31	90.79	-58.99
EBITA, 2 Yr. CAGR %	37.79	-12.22	419.73	228.15	-53.13
EBIT, 2 Yr. CAGR %	37.79	-12.22	419.73	228.15	-53.13
Earnings From Cont. Operations, 2 Yr. CAGR %	67.15	-19.84	337.07	187.06	-47.83
Net Income, 2 Yr. CAGR %	90.63	-20.99	335.19	187.43	-46.98
Normalized Net Income, 2 Yr. CAGR %	47.9	-5.44	289.1	179.75	-52.41
Diluted EPS Before Extra, 2 Yr. CAGR %	90.63	-20.99	335.22	187.44	-46.98
Accounts Receivable, 2 Yr. CAGR %	4.35	43.58	2.03	-11.95	10.84
Inventory, 2 Yr. CAGR %	5.61	15.38	-25.01	-22.85	16.43
Net Property, Plant and Equip., 2 Yr. CAGR %	16.66	8.43	1.02	-16.85	-20.75
Total Assets, 2 Yr. CAGR %	2.89	5.61	-9.35	-15.93	-8.84
Tangible Book Value, 2 Yr. CAGR %	3.09	5.36	-9.24	-15.36	-8.45
Common Equity, 2 Yr. CAGR %	3.09	5.36	-9.24	-15.36	-8.45
Cash From Operations, 2 Yr. CAGR %	61.59	-14.33	23.07	21.47	16.49
Capital Expenditures, 2 Yr. CAGR %	-48.89	102.71	16.81	-98.59	-
Levered Free Cash Flow, 2 Yr. CAGR %	37.12	-87.35	-55.36	334.72	255.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	37.3	-88	-55.62	357.81	257.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.41	10.36	-7.34	-14.88	-14.54
Gross Profit, 3 Yr. CAGR %	43.55	12.48	-75.63	25.9	-14.9
EBITDA, 3 Yr. CAGR %	53.52	1.6	82.16	59.57	4.77
EBITA, 3 Yr. CAGR %	-31.26	38.94	145.17	147.77	61.35
EBIT, 3 Yr. CAGR %	-31.26	38.94	145.17	147.77	61.35
Earnings From Cont. Operations, 3 Yr. CAGR %	-37.59	51.08	115.04	116.66	61.5
Net Income, 3 Yr. CAGR %	-38.03	64.79	112.53	116.69	62.9
Normalized Net Income, 3 Yr. CAGR %	-8.52	33.31	132.09	103.89	46.85
Diluted EPS Before Extra, 3 Yr. CAGR %	-38.04	64.79	112.53	116.7	62.9
Accounts Receivable, 3 Yr. CAGR %	48.97	8.69	22.09	-2.94	2.75
Inventory, 3 Yr. CAGR %	25.37	3.78	-9.27	-15.82	-8.72
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.93	19.36	-1.34	-4.77	-19.94
Total Assets, 3 Yr. CAGR %	0.12	3.22	-4.1	-9.78	-13.06
Tangible Book Value, 3 Yr. CAGR %	0.38	3.31	-4.12	-9.41	-12.7
Common Equity, 3 Yr. CAGR %	0.38	3.31	-4.12	-9.41	-12.7
Cash From Operations, 3 Yr. CAGR %	51.12	25.45	13.71	3.71	39.56
Capital Expenditures, 3 Yr. CAGR %	-34.29	66.56	-31.82	-84.77	-
Levered Free Cash Flow, 3 Yr. CAGR %	19.86	-63.12	-50.74	-20.4	355.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	20.74	-64.41	-50.85	-20.56	372.15
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.7	11.32	4.93	-5.33	-5.77
Gross Profit, 5 Yr. CAGR %	-8.03	77.14	-46.57	20.15	-7.23
EBITDA, 5 Yr. CAGR %	-18.63	17.41	94.2	30.73	0.33
EBITA, 5 Yr. CAGR %	-41.4	-24.59	54.4	95.94	26.48
EBIT, 5 Yr. CAGR %	-41.4	-24.59	54.4	95.94	26.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-40.12	-25.1	35.95	95.31	22.04
Net Income, 5 Yr. CAGR %	-40.15	-25.28	35.13	105.86	21.96
Normalized Net Income, 5 Yr. CAGR %	-33.38	-20.6	63.23	79.32	23.14
Diluted EPS Before Extra, 5 Yr. CAGR %	-41.21	-25.28	35.13	105.87	21.96
Accounts Receivable, 5 Yr. CAGR %	6.22	19.23	28.04	-0.09	17.46
Inventory, 5 Yr. CAGR %	-0.05	12.07	2.07	-7.82	0.25
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.17	-0.6	-0.15	3.29	-9.62
Total Assets, 5 Yr. CAGR %	-1.66	0.89	-3.78	-4.91	-6.02
Tangible Book Value, 5 Yr. CAGR %	-1.02	1.72	-3.58	-4.6	-5.88
Common Equity, 5 Yr. CAGR %	-1.02	1.72	-3.58	-4.6	-5.88
Cash From Operations, 5 Yr. CAGR %	-12.58	-14.09	39.21	23.84	14.81
Capital Expenditures, 5 Yr. CAGR %	-10.53	113.64	-17.28	-75.29	-
Levered Free Cash Flow, 5 Yr. CAGR %	-13.29	-62.3	-19.26	-1.06	8.65
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.17	-63.15	-19.09	-1.13	8.69