CHINA RUIFENG RENEWABLE ENERGY HOLDINGS LIMITED

Cash flow China Ruifeng Renewable Energy Holdings Limited

Stocks

527 KYG2118V1178

Electric Utilities

Market Closed - Hong Kong S.E. Other stock markets 04:08:21 2026-06-12 EDT			5-day change	1st Jan Change
0.6400 ^HKD	-1.54%		-1.54%	+4.92%

06-01	China Ruifeng Renewable Energy Proposes Name Change	MT
05-27	China Ruifeng Renewable Unit Acquires Land for AI Computing Center; Shares Jump 9%	MT

66feb498ad.SbvqWKMTXK5zpcgrfZYBpnMcKHscTNP0yH-EM2VWm2Y.BdSQKsBVKvkd9fFHEvFEwhluG0NwD7zArxzdaVQg7wF60Z4qjlEe4yn8iQ

Published financial data: CHINA RUIFENG RENEWABLE ENERGY HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues - (Utility Template)	352M	304M	344M	336M	406M
Total Revenues	352M	304M	344M	336M	406M
Selling General & Admin Expenses, Total	71.56M	62.53M	65.92M	86.14M	115M
Provision for Bad Debts	234M	27.5M	24.87M	28.68M	-
Other Operating Expenses	218M	219M	195M	199M	243M
Total Operating Expenses	524M	309M	285M	314M	358M
Operating Income (REIT / Utility Template)	-171M	-4.52M	58.34M	22.23M	47.96M
Interest Expense, Total	-147M	-156M	-143M	-132M	-154M
Interest and Investment Income	13.58M	9.69M	9.24M	7.53M	9.37M
Net Interest Expenses	-133M	-147M	-134M	-125M	-144M
Income (Loss) on Equity Invest.	-302K	-578K	-547K	1K	735K
Currency Exchange Gains (Loss)	1K	627K	74K	45K	2K
Other Non Operating Income (Expenses)	-	-	1K	-	-76.05M
EBT, Excl. Unusual Items	-305M	-151M	-75.65M	-103M	-172M
Gain (Loss) on Sale of Investments	-425K	-370K	-256K	-2.47M	8.46M
Gain (Loss) on Sale of Assets	-	3.64M	-104K	3.98M	72K
Asset Writedown	-40.66M	-20.58M	-	-	-27.03M
Other Unusual Items	3.06M	12.5M	4.8M	46K	5.38M
EBT, Incl. Unusual Items	-343M	-156M	-71.2M	-101M	-185M
Income Tax Expense	16.08M	5.96M	23.57M	24.82M	31.88M
Earnings From Continuing Operations	-359M	-162M	-94.77M	-126M	-217M
Net Income to Company	-359M	-162M	-94.77M	-126M	-217M
Minority Interest	-9.88M	7.57M	-14.18M	-6.74M	55.43M
Net Income - (IS)	-369M	-154M	-109M	-133M	-161M
Net Income to Common Incl Extra Items	-369M	-154M	-109M	-133M	-161M
Net Income to Common Excl. Extra Items	-369M	-154M	-109M	-133M	-161M
Per Share Items
Net EPS - Basic	-0.93	-0.38	-0.1	-0.08	-0.09
Basic EPS - Continuing Operations	-0.93	-0.38	-0.1	-0.08	-0.09
Basic Weighted Average Shares Outstanding	396M	402M	1.1B	1.67B	1.71B
Net EPS - Diluted	-0.93	-0.39	-0.1	-0.08	-0.09
Diluted EPS - Continuing Operations	-0.93	-0.39	-0.1	-0.08	-0.09
Diluted Weighted Average Shares Outstanding	396M	406M	1.1B	1.67B	1.71B
Normalized Basic EPS	-0.51	-0.22	-0.06	-0.04	-0.03
Normalized Diluted EPS	-0.51	-0.21	-0.06	-0.04	-0.03
Supplemental Items
Utility Revenues	350M	299M	343M	319M	306M
Non Utility Revenues	2.42M	5.57M	1.07M	16.82M	101M
EBITDA	-15.24M	149M	196M	152M	245M
EBITA	-171M	-4.52M	58.34M	22.23M	47.96M
EBIT	-171M	-4.52M	58.34M	22.23M	47.96M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-4.69	-3.82	-33.1	-24.58	-17.25
Current Domestic Taxes	21.08M	10.98M	26.97M	27.62M	34.08M
Total Current Taxes	21.08M	10.98M	26.97M	27.62M	34.08M
Deferred Domestic Taxes	-5.01M	-5.02M	-3.4M	-2.8M	-2.2M
Total Deferred Taxes	-5.01M	-5.02M	-3.4M	-2.8M	-2.2M
Normalized Net Income	-200M	-86.96M	-61.46M	-70.81M	-51.89M
Interest on Long-Term Debt	147M	156M	143M	132M	154M
Supplemental Operating Expense Items
General and Administrative Expenses	71.56M	62.53M	65.92M	86.14M	115M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	44.61M	44.98M	41.4M	36.28M	36.1M
Stock-Based Comp., G&A Exp. (Total)	18.86M	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	18.86M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	243M	421M	386M	245M	219M
Trading Asset Securities, Total	1.69M	2.33M	2.02M	1.04M	1.67M
Accounts Receivable, Total	345M	137M	196M	257M	264M
Other Receivables	4.8M	-133M	14.92M	194M	271M
Accounts Receivable (Summary Subtotal)	350M	4.31M	211M	451M	535M
Inventory - (Utility Template)	680K	619K	-	89K	-
Prepaid Expenses	172M	278M	129M	29.91M	5.76M
Notes Receivable (Collected)	172M	172M	152M	121M	47.15M
Other Current Assets, Total	25.8M	28M	28M	-	-
Total Current Assets	965M	906M	908M	847M	809M
Gross Property Plant And Equipment	2.53B	2.51B	2.51B	3.03B	3.57B
Accumulated Depreciation	-1.44B	-1.61B	-1.75B	-1.87B	-2.01B
Net Property Plant And Equipment	1.09B	899M	761M	1.15B	1.56B
Long-Term Investments - (Utility Template)	14.33M	19.09M	35.24M	66.28M	72.98M
Deferred Tax Assets Long-Term (Collected)	-	-	-	-	-
Other Long-Term Assets, Total	168M	184M	162M	415M	181M
Total Assets	2.24B	2.01B	1.87B	2.48B	2.62B
Liabilities
Accounts Payable, Total	13.2M	19.24M	21.2M	25.67M	18.21M
Accrued Expenses, Total	91.15M	35.78M	22.78M	1.67M	12.36M
Current Portion of Long-Term Debt	583M	322M	281M	788M	837M
Current Portion of Leases	1.2M	3.7M	3.75M	2.74M	2.35M
Current Income Taxes Payable	4.96M	2.27M	15.58M	15.76M	14.75M
Unearned Revenue, Current	80K	-	-	-	2.62M
Other Current Liabilities - (Bank / Utility Template)	126M	96.34M	63.73M	266M	222M
Total Current Liabilities	819M	480M	408M	1.1B	1.11B
Long-Term Debt	1.12B	1.4B	1.24B	1.29B	1.63B
Long-Term Leases	894K	3.43M	1.07M	342K	241K
Unearned Revenue Non Current	607K	-	-	-	-
Deferred Tax Liability Non-Current	14.09M	9.22M	5.83M	3.61M	1.37M
Total Liabilities	1.96B	1.89B	1.65B	2.39B	2.74B
Common Stock, Total	17.29M	17.88M	75.06M	77.42M	77.42M
Additional Paid In Capital	1.49B	1.5B	1.66B	1.68B	1.68B
Retained Earnings	-1.51B	-1.65B	-1.75B	-1.87B	-2.03B
Comprehensive Income and Other	77.42M	57.81M	25.7M	-21.55M	-2.06M
Total Common Equity	72.52M	-73.9M	10.75M	-137M	-278M
Minority Interest	209M	189M	201M	223M	159M
Total Equity	281M	115M	212M	86.67M	-119M
Total Liabilities And Equity	2.24B	2.01B	1.87B	2.48B	2.62B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	396M	410M	1.66B	1.71B	1.71B
ECS Total Common Shares Outstanding	396M	410M	1.66B	1.71B	1.71B
Book Value / Share	0.18	-0.18	0.01	-0.08	-0.16
Tangible Book Value	72.52M	-73.9M	10.75M	-137M	-278M
Tangible Book Value Per Share	0.18	-0.18	0.01	-0.08	-0.16
Total Debt	1.71B	1.73B	1.52B	2.08B	2.47B
Net Debt	1.46B	1.31B	1.14B	1.83B	2.25B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	209M	189M	201M	223M	159M
Equity Method Investments, Total	2.61M	2.04M	4.55M	4.55M	3.82M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	680K	619K	-	89K	-
Buildings, Total	52.18M	52.18M	52.18M	52.18M	79.1M
Machinery, Total	2.35B	2.34B	2.34B	2.34B	3.43B
Full Time Employees	154	127	136	152	158
Accumulated Allowance for Doubtful Accounts (Supple)	2.03M	2.03M	2.03M	2.03M	2.03M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-369M	-154M	-109M	-133M	-161M
Depreciation, Depletion & Amortization	157M	158M	143M	137M	204M
Total Depreciation, Depletion & Amortization	157M	158M	143M	137M	204M
Amortization of Deferred Charges, Total	-	-	-	-	-
(Gain) Loss On Sale of Asset - (CF)	-	-3.64M	104K	-3.98M	-72K
(Gain) Loss on Sale of Investments - (CF)	380K	370K	256K	2.47M	-8.46M
Total Asset Writedown	40.66M	20.58M	-	-	27.03M
Provision for Credit Losses	234M	27.5M	24.87M	28.68M	52.2M
(Income) Loss On Equity Investments - (CF)	302K	578K	546K	-1K	-735K
Stock-Based Compensation (CF)	18.86M	-	-	-	-
Provision and Write-off of Bad Debts	-	-	-	-	-
Change in Trading Asset Securities	32K	-	-	-	-
Change in Accounts Receivable	-95.68M	222M	-72.37M	-113M	-57.36M
Change In Inventories	9K	-16K	619K	-89K	89K
Change in Accounts Payable	20.09M	-31.3M	-14.73M	62.58M	-2.64M
Change in Unearned Revenues	-	-	-	-	2.62M
Change in Other Net Operating Assets (Collected)	4.45M	4.96M	-	-	5.03M
Other Operating Activities	123M	119M	153M	129M	104M
Cash from Operations	135M	363M	126M	109M	165M
Capital Expenditure	-29.37M	-828K	-3.55M	-749M	-408M
Sale of Property, Plant, and Equipment	-	74K	72K	14K	196K
Cash Acquisitions	-19.5M	-	-864K	-23.28M	-600K
Divestitures	-	5.99M	-	-739K	-126K
Investment in Marketable and Equity Securities, Total	-25.08M	-6.2M	-810K	-	-3.21M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-5.99M	-422K	15.65M	-14.62M	12.46M
Other Investing Activities, Total	13.58M	7.49M	-2.79M	138M	-40.75M
Cash from Investing	-66.36M	6.11M	7.7M	-650M	-440M
Long-Term Debt Issued, Total	50M	111M	48.46M	695M	697M
Total Debt Issued	50M	111M	48.46M	695M	697M
Short Term Debt Repaid, Total	-68.5M	-11.74M	-56.3M	-3.76M	-
Long-Term Debt Repaid, Total	-467M	-167M	-219M	-212M	-306M
Total Debt Repaid	-535M	-179M	-275M	-216M	-306M
Issuance of Common Stock	-	-	196M	24.27M	-
Other Financing Activities, Total	-198M	-125M	-139M	-105M	-140M
Cash from Financing	-684M	-192M	-170M	399M	251M
Foreign Exchange Rate Adjustments	-278K	594K	727K	937K	-814K
Net Change in Cash	-616M	178M	-35.33M	-141M	-25.27M
Supplemental Items
Cash Interest Paid	41K	234K	289K	260K	160K
Cash Income Tax Paid (Refund)	33.22M	13.67M	13.66M	27.44M	35.09M
Net Debt Issued / Repaid	-485M	-67.4M	-227M	479M	391M
Levered Free Cash Flow	48.22M	212M	18.98M	-576M	-296M
Unlevered Free Cash Flow	140M	310M	108M	-494M	-200M
Change In Net Working Capital	-100M	-156M	67.8M	-105M	25.48M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-4.01	-0.13	1.88	0.64	1.18
Return on Total Capital	-4.42	-0.15	2.04	0.71	1.33
Return On Equity %	-78.45	-81.76	-57.94	-84.23	1.34K
Return on Common Equity	-155.34	22.37K	345.06	210.58	77.74
Margin Analysis
Gross Profit Margin %	32	21.06	36.64	35.44	34.54
SG&A Margin	20.31	20.54	19.17	25.61	28.34
EBITDA Margin %	-4.32	48.9	57.04	45.09	60.42
EBITA Margin %	-48.58	-1.48	16.97	6.61	11.8
EBIT Margin %	-48.58	-1.48	16.97	6.61	11.8
Income From Continuing Operations Margin %	-101.78	-53.22	-27.57	-37.4	-53.35
Net Income Margin %	-104.58	-50.73	-31.69	-39.41	-39.7
Net Avail. For Common Margin %	-104.58	-50.73	-31.69	-39.41	-39.7
Normalized Net Income Margin	-56.82	-28.56	-17.88	-21.06	-12.77
Levered Free Cash Flow Margin	13.68	69.58	5.52	-171.39	-72.81
Unlevered Free Cash Flow Margin	39.69	101.7	31.47	-146.79	-49.16
Asset Turnover
Asset Turnover	0.13	0.14	0.18	0.15	0.16
Fixed Assets Turnover	0.3	0.31	0.41	0.35	0.3
Receivables Turnover (Average Receivables)	1.14	1.26	2.07	1.49	1.56
Inventory Turnover (Average Inventory)	369.24	370.02	-	-	-
Short Term Liquidity
Current Ratio	1.18	1.89	2.22	0.77	0.73
Quick Ratio	0.73	0.89	1.47	0.63	0.68
Operating Cash Flow to Current Liabilities	0.16	0.76	0.31	0.1	0.15
Days Sales Outstanding (Average Receivables)	320.49	288.91	176.67	246.34	233.9
Days Outstanding Inventory (Average Inventory)	0.99	0.99	-	-	-
Average Days Payable Outstanding	11.77	24.64	-	-	-
Cash Conversion Cycle (Average Days)	309.71	265.26	-	-	-
Long Term Solvency
Total Debt/Equity	606.64	1.5K	719.08	2.4K	-2.07K
Total Debt / Total Capital	85.85	93.76	87.79	96	105.06
LT Debt/Equity	398.95	1.22K	584.64	1.49K	-1.37K
Long-Term Debt / Total Capital	56.46	76.09	71.38	59.51	69.34
Total Liabilities / Total Assets	87.43	94.27	88.64	96.5	104.54
EBIT / Interest Expense	-1.17	-0.03	0.41	0.17	0.31
EBITDA / Interest Expense	-0.09	0.98	1.41	1.2	1.64
(EBITDA - Capex) / Interest Expense	-0.29	0.97	1.39	-4.46	-1.02
Total Debt / EBITDA	-122.85	11.31	7.57	13.09	9.79
Net Debt / EBITDA	-105.21	8.54	5.64	11.54	8.91
Total Debt / (EBITDA - Capex)	-39.44	11.37	7.7	-3.53	-15.8
Net Debt / (EBITDA - Capex)	-33.77	8.59	5.75	-3.11	-14.39
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.73	-13.61	12.93	-2.19	20.81
Gross Profit, 1 Yr. Growth %	-8.59	-43.15	96.47	-5.4	17.75
EBITDA, 1 Yr. Growth %	-107.3	-1.08K	31.73	-22.68	36.13
EBITA, 1 Yr. Growth %	-417.84	-97.36	-1.39K	-61.9	-5.8
EBIT, 1 Yr. Growth %	-417.84	-97.36	-1.39K	-61.9	-5.8
Earnings From Cont. Operations, 1 Yr. Growth %	75.85	-54.83	-41.51	32.71	72.31
Net Income, 1 Yr. Growth %	73.02	-58.09	-29.46	21.63	21.71
Diluted EPS Before Extra, 1 Yr. Growth %	72.94	-58.3	-74.49	-20.11	18.88
Normalized Net Income, 1 Yr. Growth %	70.5	-56.57	-29.32	15.21	-26.71
Net Property, Plant and Equip., 1 Yr. Growth %	-13.32	-17.43	-15.4	51.32	35.39
Inventory, 1 Yr. Growth %	10.03	-8.97	-	-	-
Accounts Receivable, 1 Yr. Growth %	26.08	-60.35	43.24	30.94	2.86
Total Assets, 1 Yr. Growth %	-27.81	-10.23	-7.11	32.91	5.74
Tangible Book Value, 1 Yr. Growth %	-81.96	-201.9	-114.55	-1.37K	103.74
Cash From Operations, 1 Yr. Growth %	-26.54	169.35	-65.23	-13.37	50.74
Capital Expenditures, 1 Yr. Growth %	420.91	-97.18	329.11	20.97K	-45.45
Levered Free Cash Flow, 1 Yr. Growth %	-65.99	339.29	-91.04	-3.14K	-47.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-39.03	121.34	-65.06	-556.22	-58.02
Common Equity, 1 Yr. Growth %	-81.96	-201.9	-114.55	-1.37K	103.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.29	-6.25	-1.23	5.1	8.7
Gross Profit, 2 Yr. CAGR %	-1.6	-27.91	5.69	36.33	5.54
EBITDA, 2 Yr. CAGR %	-74.22	-15.54	258.72	0.92	11.88
EBITA, 2 Yr. CAGR %	53.45	-71.04	-41.62	121.81	-9.34
EBIT, 2 Yr. CAGR %	53.45	-71.04	-41.62	121.81	-9.34
Earnings From Cont. Operations, 2 Yr. CAGR %	110.72	-10.88	-48.6	-11.89	51.22
Net Income, 2 Yr. CAGR %	88.36	-14.85	-45.63	-7.37	21.67
Diluted EPS Before Extra, 2 Yr. CAGR %	79.59	-15.08	-67.39	-54.86	-2.55
Normalized Net Income, 2 Yr. CAGR %	80.59	-13.95	-44.6	-9.76	-8.11
Net Property, Plant and Equip., 2 Yr. CAGR %	-12.08	-15.4	-16.42	13.15	43.14
Inventory, 2 Yr. CAGR %	8	0.08	-	-62.08	-
Accounts Receivable, 2 Yr. CAGR %	19.02	-29.3	-24.64	36.96	16.06
Total Assets, 2 Yr. CAGR %	-6.38	-19.5	-8.68	11.11	18.55
Common Equity, 2 Yr. CAGR %	-63.34	-57.12	-61.5	35.96	408.82
Tangible Book Value, 2 Yr. CAGR %	-63.34	-57.12	-61.5	35.96	408.82
Cash From Operations, 2 Yr. CAGR %	-16.28	40.67	-3.23	-45.12	14.27
Capital Expenditures, 2 Yr. CAGR %	59.67	-61.68	-65.22	2.91K	972.17
Levered Free Cash Flow, 2 Yr. CAGR %	-43.7	22.24	-37.27	64.94	294.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	53.63	16.17	-12.05	26.26	35.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.82	-5.58	-0.25	-1.55	10.09
Gross Profit, 3 Yr. CAGR %	-7.79	-18.04	0.69	1.86	29.83
EBITDA, 3 Yr. CAGR %	-60.68	-13.41	-2.05	115.08	18.14
EBITA, 3 Yr. CAGR %	22.54	-60.39	2.7	-49.36	119.77
EBIT, 3 Yr. CAGR %	22.54	-60.39	2.7	-49.36	119.77
Earnings From Cont. Operations, 3 Yr. CAGR %	112.73	26.11	-22.55	-29.48	10.18
Net Income, 3 Yr. CAGR %	79.05	14.13	-20.03	-28.89	1.46
Diluted EPS Before Extra, 3 Yr. CAGR %	73.44	10.38	-43.13	-56.04	-37.66
Normalized Net Income, 3 Yr. CAGR %	82.5	12.3	-19.42	-29.28	-15.81
Net Property, Plant and Equip., 3 Yr. CAGR %	-10.15	-13.9	-15.4	1.86	20.12
Inventory, 3 Yr. CAGR %	75.87	2.02	-	-49.23	-
Accounts Receivable, 3 Yr. CAGR %	16.06	-17.49	-10.54	-9.4	24.49
Total Assets, 3 Yr. CAGR %	-4.54	-7.68	-15.56	3.49	9.29
Common Equity, 3 Yr. CAGR %	-51.26	-48.46	-70.1	23.5	55.59
Tangible Book Value, 3 Yr. CAGR %	-51.26	-48.46	-70.1	23.5	55.59
Cash From Operations, 3 Yr. CAGR %	7.57	23.59	-11.72	-6.74	-23.14
Capital Expenditures, 3 Yr. CAGR %	9.65	-58.42	-14.27	194.32	690.13
Levered Free Cash Flow, 3 Yr. CAGR %	-8.65	11.67	-48.85	128.63	11.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	0.33	73.51	-22.16	52.24	-13.6
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.92	-4.83	-0.98	-1.45	3.24
Gross Profit, 5 Yr. CAGR %	-4.82	-18.16	-2.62	0.46	2.61
EBITDA, 5 Yr. CAGR %	-44.39	-13.54	-4.79	-7.94	3.3
EBITA, 5 Yr. CAGR %	6.55	-50.38	-8.91	-21.1	-2.3
EBIT, 5 Yr. CAGR %	6.55	-50.38	-8.91	-21.1	-2.3
Earnings From Cont. Operations, 5 Yr. CAGR %	100.01	46.36	20.53	9.26	1.22
Net Income, 5 Yr. CAGR %	57.34	85.19	11.15	4.99	-5.41
Diluted EPS Before Extra, 5 Yr. CAGR %	52.88	81.52	-11.11	-22.81	-29.46
Normalized Net Income, 5 Yr. CAGR %	45.8	92.36	13.28	2.89	-15.07
Net Property, Plant and Equip., 5 Yr. CAGR %	-9.41	-11.31	-12.71	-3.96	4.4
Inventory, 5 Yr. CAGR %	-	-	-	-31.33	-
Accounts Receivable, 5 Yr. CAGR %	23.82	-6.43	-2.35	1.05	-0.72
Total Assets, 5 Yr. CAGR %	-3.14	-3.91	-6.22	-0.58	-3.29
Common Equity, 5 Yr. CAGR %	-35.53	-35.88	-55.65	-24.02	-7.09
Tangible Book Value, 5 Yr. CAGR %	-35.53	-35.88	-55.65	-24.02	-7.09
Cash From Operations, 5 Yr. CAGR %	-1.73	10.52	3.11	-10.68	-2.12
Capital Expenditures, 5 Yr. CAGR %	-23.81	-41.35	-30.73	130.45	135.5
Levered Free Cash Flow, 5 Yr. CAGR %	50.5	2.67	-21.4	30.52	15.85
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.8	3.42	-4.82	52.8	-2.74