Income Statement Creative China Holdings Limited

Stocks

8368

KYG2562P1292

Leisure & Recreation

Market Closed - Hong Kong S.E. Other stock markets 04:08:13 2026-08-07 EDT			5-day change	1st Jan Change
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07-29	Creative China Holdings Limited acquired Mighty Smart Technology Limited from Bo Guanjun for HKD 25.2 million.	CI
07-08	Creative China Holdings Limited entered into a Sale and Purchase Agreement to acquire Mighty Smart Technology Limited from Bo Guanjun for HKD 25.2 million.	CI

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Published financial data: CREATIVE CHINA HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	59.31M	153M	185M	151M	141M
Total Revenues	59.31M	153M	185M	151M	141M
Cost of Goods Sold, Total	17.19M	80.04M	111M	103M	86.27M
Gross Profit	42.12M	72.65M	74.06M	47.85M	54.94M
Selling General & Admin Expenses, Total	15.68M	18.9M	24.34M	22.12M	15.54M
Provision for Bad Debts	433K	3.09M	2.58M	403K	-2.51M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	16.11M	21.98M	26.92M	22.52M	13.02M
Operating Income	26.01M	50.67M	47.14M	25.33M	41.92M
Interest Expense, Total	-138K	-458K	-811K	-1.01M	-1M
Interest And Investment Income	7K	5K	40K	22K	3K
Net Interest Expenses	-131K	-453K	-771K	-989K	-1M
Currency Exchange Gains (Loss)	-678K	3.32M	-2.68M	250K	-305K
Other Non Operating Income (Expenses)	220K	164K	-	369K	84K
EBT, Excl. Unusual Items	25.42M	53.7M	43.69M	24.96M	40.7M
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	3K	509K	-	-	4.83M
Asset Writedown	-	-	-	-48K	-2K
Other Unusual Items	-	5.13M	69K	-	-
EBT, Incl. Unusual Items	25.42M	59.34M	43.76M	24.91M	45.53M
Income Tax Expense	1.93M	10.34M	1.91M	684K	883K
Earnings From Continuing Operations	23.5M	49M	41.85M	24.23M	44.64M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	23.5M	49M	41.85M	24.23M	44.64M
Minority Interest	65K	80K	2M	126K	-
Net Income - (IS)	23.56M	49.08M	43.85M	24.35M	44.64M
Net Income to Common Incl Extra Items	23.56M	49.08M	43.85M	24.35M	44.64M
Net Income to Common Excl. Extra Items	23.56M	49.08M	43.85M	24.35M	44.64M
Per Share Items
Net EPS - Basic	0.08	0.13	0.11	0.04	0.08
Basic EPS - Continuing Operations	0.08	0.13	0.11	0.04	0.08
Basic Weighted Average Shares Outstanding	297M	364M	405M	569M	578M
Net EPS - Diluted	0.08	0.13	0.11	0.04	0.08
Diluted EPS - Continuing Operations	0.08	0.13	0.11	0.04	0.08
Diluted Weighted Average Shares Outstanding	297M	364M	405M	569M	578M
Normalized Basic EPS	0.05	0.09	0.07	0.03	0.04
Normalized Diluted EPS	0.05	0.09	0.07	0.03	0.04
Supplemental Items
EBITDA	26.45M	50.87M	47.41M	25.46M	42.3M
EBITA	26.01M	50.67M	47.14M	25.33M	41.92M
EBIT	26.01M	50.67M	47.14M	25.33M	41.92M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	7.59	17.42	4.36	2.75	1.94
Current Domestic Taxes	1.93M	11.22M	1.89M	584K	255K
Total Current Taxes	1.93M	11.22M	1.89M	584K	255K
Deferred Domestic Taxes	-	-882K	-	-	628K
Total Deferred Taxes	-	-882K	16K	100K	628K
Normalized Net Income	15.95M	33.64M	29.31M	15.72M	25.44M
Interest on Long-Term Debt	138K	162K	112K	102K	72K
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.75M	4.24M	3.44M	2.31M	1.93M
General and Administrative Expenses	13.92M	14.66M	20.9M	19.8M	13.61M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.13M	24.04M	25.66M	11.84M	11.63M
Total Cash And Short Term Investments	6.13M	24.04M	25.66M	11.84M	11.63M
Accounts Receivable, Total	23.26M	125M	157M	162M	178M
Other Receivables	12.52M	54.29M	3.52M	2.84M	3.83M
Total Receivables	35.78M	179M	161M	165M	182M
Inventory	-	-	-	-	56K
Prepaid Expenses	63.86M	93.7M	149M	211M	259M
Other Current Assets, Total	131M	32.55M	22.67M	18.99M	3.41M
Total Current Assets	236M	330M	358M	407M	455M
Gross Property Plant And Equipment	17.66M	21.38M	18.12M	4.45M	3M
Accumulated Depreciation	-16.98M	-16.92M	-17.2M	-2.2M	-1.78M
Net Property Plant And Equipment	672K	4.46M	914K	2.25M	1.22M
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	-
Other Intangibles, Total	7.52M	5.83M	4.14M	0	0
Deferred Tax Assets Long-Term	-	882K	866K	766K	138K
Other Long-Term Assets, Total	-	-	-	382K	-
Total Assets	244M	341M	364M	411M	457M
Liabilities
Accounts Payable, Total	64.8M	2.18M	10.41M	815K	-
Accrued Expenses, Total	37.1M	-	6.5M	6.99M	6.59M
Short-term Borrowings	25.88M	66.47M	23.7M	16M	18.61M
Current Portion of Leases	540K	2.61M	659K	1.61M	544K
Current Income Taxes Payable	6.32M	17.7M	15.57M	15.62M	14.8M
Unearned Revenue Current, Total	14.2M	18.59M	16.2M	8.94M	7.58M
Other Current Liabilities	137K	54.01M	29.2M	53.32M	57.1M
Total Current Liabilities	149M	162M	102M	103M	105M
Long-Term Leases	-	1.45M	-	552K	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	149M	163M	102M	104M	105M
Common Stock, Total	13.81M	15.5M	22.6M	24.85M	24.85M
Additional Paid In Capital	169M	200M	235M	254M	254M
Retained Earnings	-103M	-53.56M	-9.71M	14.64M	59.29M
Comprehensive Income and Other	15.33M	13.98M	14.11M	14.46M	13.68M
Total Common Equity	95.66M	176M	262M	308M	352M
Minority Interest	-155K	1.5M	-508K	-647K	-
Total Equity	95.51M	178M	261M	307M	352M
Total Liabilities And Equity	244M	341M	364M	411M	457M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	331M	373M	528M	578M	578M
ECS Total Common Shares Outstanding	331M	373M	528M	578M	578M
Book Value / Share	0.29	0.47	0.5	0.53	0.61
Tangible Book Value	88.15M	170M	258M	308M	352M
Tangible Book Value Per Share	0.27	0.46	0.49	0.53	0.61
Total Debt	26.42M	70.53M	24.36M	18.17M	19.16M
Net Debt	20.29M	46.49M	-1.3M	6.33M	7.53M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-155K	1.5M	-508K	-647K	-
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Finished Goods, Total	-	-	-	-	-
Machinery, Total	15.48M	15.5M	15.53M	1.68M	1.84M
Full Time Employees	26	43	29	35	40
Accumulated Allowance for Doubtful Accounts (Supple)	1.26M	3.6M	4.55M	5.01M	2.48M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	23.56M	49.08M	43.85M	24.35M	44.64M
Depreciation & Amortization - CF	1.86M	2.26M	2.3M	1.83M	1.97M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	1.86M	2.26M	2.3M	1.83M	1.97M
Amortization of Deferred Charges, Total - (CF)	915K	1.69M	1.69M	4.14M	4.23M
(Gain) Loss From Sale Of Asset	-3K	-5.51M	-	-	-4.83M
Asset Writedown & Restructuring Costs	-	-	-	48K	2K
Provision and Write-off of Bad Debts	433K	3.09M	2.58M	403K	-2.51M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	1.98M	10.65M	-3.46M	979K	1.89M
Change In Accounts Receivable	-29.34M	-148M	-31.01M	-68.48M	-47.4M
Change In Inventories	-	-	-	-	-56K
Change In Accounts Payable	-8.69M	-18.62M	1.75M	-3.6M	-411K
Change in Unearned Revenues	-1.14M	4.3M	-2.39M	-7.27M	-1.36M
Change in Other Net Operating Assets	1M	82.04M	-9.71M	6.99M	867K
Cash from Operations	-9.43M	-18.54M	5.6M	-40.6M	-2.96M
Capital Expenditure	-42K	-507K	-24K	-414K	-578K
Sale of Property, Plant, and Equipment	3K	509K	-	-	767K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	600K
Sale (Purchase) of Intangible assets	-4M	-	-	-	-
Investment in Marketable and Equity Securities, Total	5M	-	-	-	-
Other Investing Activities, Total	7K	5K	40K	22K	3K
Cash from Investing	968K	7K	16K	-392K	792K
Short Term Debt Issued, Total	4.04M	40.71M	21.38M	34.75M	21.59M
Total Debt Issued	4.04M	40.71M	21.38M	34.75M	21.59M
Short Term Debt Repaid, Total	-	-2.5M	-64.4M	-26.71M	-16.71M
Long-Term Debt Repaid, Total	-498K	-2.18M	-2.18M	-1.78M	-1.68M
Total Debt Repaid	-498K	-4.68M	-66.57M	-28.49M	-18.39M
Issuance of Common Stock	-	-	46.19M	22.42M	-
Other Financing Activities, Total	-	-195K	-5.25M	-1.8M	-931K
Cash from Financing	3.55M	35.84M	-4.24M	26.89M	2.26M
Foreign Exchange Rate Adjustments	-338K	611K	240K	276K	-306K
Net Change in Cash	-5.25M	17.92M	1.62M	-13.82M	-209K
Supplemental Items
Cash Interest Paid	-	195K	624K	561K	931K
Cash Income Tax Paid (Refund)	15K	61K	4.06M	568K	-11K
Levered Free Cash Flow	29.75M	-70.6M	-26.4M	-41.14M	-16.55M
Unlevered Free Cash Flow	29.83M	-70.32M	-25.89M	-40.51M	-15.92M
Change In Net Working Capital	-14.85M	105M	59.31M	61.9M	47.75M
Net Debt Issued / Repaid	3.55M	36.03M	-45.19M	6.26M	3.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.95	10.82	8.37	4.09	6.04
Return on Total Capital	15.17	17.11	11.04	5.23	7.53
Return On Equity %	28.85	35.87	19.07	8.53	13.56
Return on Common Equity	28.88	36.1	20.02	8.55	13.54
Margin Analysis
Gross Profit Margin %	71.02	47.58	40.08	31.66	38.91
SG&A Margin	26.43	12.37	13.17	14.63	11
EBITDA Margin %	44.6	33.31	25.66	16.84	29.96
EBITA Margin %	43.86	33.18	25.51	16.76	29.68
EBIT Margin %	43.86	33.18	25.51	16.76	29.68
Income From Continuing Operations Margin %	39.62	32.09	22.65	16.03	31.61
Net Income Margin %	39.73	32.14	23.73	16.11	31.61
Net Avail. For Common Margin %	39.73	32.14	23.73	16.11	31.61
Normalized Net Income Margin	26.9	22.03	15.86	10.4	18.01
Levered Free Cash Flow Margin	50.16	-46.24	-14.28	-27.22	-11.72
Unlevered Free Cash Flow Margin	50.3	-46.05	-14.01	-26.8	-11.28
Asset Turnover
Asset Turnover	0.25	0.52	0.52	0.39	0.33
Fixed Assets Turnover	37.37	59.56	68.84	95.54	81.37
Receivables Turnover (Average Receivables)	3.79	2.06	1.4	0.95	0.83
Short Term Liquidity
Current Ratio	1.59	2.04	3.5	3.94	4.33
Quick Ratio	0.28	1.26	1.82	1.71	1.84
Operating Cash Flow to Current Liabilities	-0.06	-0.11	0.05	-0.39	-0.03
Days Sales Outstanding (Average Receivables)	96.39	177.19	260.58	387.01	439.95
Average Days Payable Outstanding	949.29	152.75	31.01	19.89	-
Long Term Solvency
Total Debt/Equity	27.66	39.69	9.33	5.92	5.45
Total Debt / Total Capital	21.67	28.41	8.53	5.59	5.17
LT Debt/Equity	-	0.82	-	0.18	-
Long-Term Debt / Total Capital	-	0.59	-	0.17	-
Total Liabilities / Total Assets	60.94	47.84	28.13	25.27	23.04
EBIT / Interest Expense	188.49	110.63	58.13	25.05	41.79
EBITDA / Interest Expense	201.95	115.57	60.96	26.86	43.76
(EBITDA - Capex) / Interest Expense	201.64	114.46	60.93	26.45	43.18
Total Debt / EBITDA	0.95	1.33	0.49	0.67	0.44
Net Debt / EBITDA	0.73	0.88	-0.03	0.23	0.17
Total Debt / (EBITDA - Capex)	0.95	1.35	0.49	0.68	0.44
Net Debt / (EBITDA - Capex)	0.73	0.89	-0.03	0.24	0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	29.88	157.45	21.03	-18.21	-6.57
Gross Profit, 1 Yr. Growth %	6.47	72.49	1.94	-35.4	14.83
EBITDA, 1 Yr. Growth %	2.67	92.32	-6.79	-46.31	66.2
EBITA, 1 Yr. Growth %	4.29	94.79	-6.96	-46.27	65.5
EBIT, 1 Yr. Growth %	4.29	94.79	-6.96	-46.27	65.5
Earnings From Cont. Operations, 1 Yr. Growth %	17.15	108.53	-14.58	-42.12	84.28
Net Income, 1 Yr. Growth %	17.79	108.3	-10.64	-44.47	83.32
Normalized Net Income, 1 Yr. Growth %	27.55	111.56	-12.88	-46.35	61.75
Diluted EPS Before Extra, 1 Yr. Growth %	-2.06	69.92	-19.8	-60.41	80.41
Accounts Receivable, 1 Yr. Growth %	188.59	437.25	47.35	3.35	9.54
Net Property, Plant and Equip., 1 Yr. Growth %	-73.14	562.95	-79.48	146.17	-45.73
Total Assets, 1 Yr. Growth %	9.6	39.37	6.68	13.03	11.17
Tangible Book Value, 1 Yr. Growth %	30.6	93.3	51.2	19.42	14.26
Common Equity, 1 Yr. Growth %	41.74	84.21	48.55	17.53	14.26
Cash From Operations, 1 Yr. Growth %	-59.93	96.61	-130.22	-824.67	-92.71
Capital Expenditures, 1 Yr. Growth %	13.51	1.11K	-95.27	1.62K	39.61
Levered Free Cash Flow, 1 Yr. Growth %	-189.78	-337.34	-49.53	101.66	-59.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-199.95	-335.69	-50.23	103.62	-60.69
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.01	82.86	76.52	-0.51	-12.59
Gross Profit, 2 Yr. CAGR %	54.58	35.52	32.6	-18.85	-13.87
EBITDA, 2 Yr. CAGR %	130.32	40.52	33.89	-29.26	-5.54
EBITA, 2 Yr. CAGR %	168.72	42.53	34.62	-29.3	-5.7
EBIT, 2 Yr. CAGR %	168.72	42.53	34.62	-29.3	-5.7
Earnings From Cont. Operations, 2 Yr. CAGR %	945.39	56.3	33.46	-29.68	3.28
Net Income, 2 Yr. CAGR %	281.95	56.64	36.43	-29.56	0.9
Normalized Net Income, 2 Yr. CAGR %	811.85	64	35.76	-31.63	-6.84
Diluted EPS Before Extra, 2 Yr. CAGR %	1.44K	29.01	16.74	-43.65	-15.49
Accounts Receivable, 2 Yr. CAGR %	1.82K	293.75	159.94	23.4	6.4
Net Property, Plant and Equip., 2 Yr. CAGR %	-58.5	33.44	16.62	-28.93	15.58
Total Assets, 2 Yr. CAGR %	13.79	23.59	21.93	9.81	12.09
Tangible Book Value, 2 Yr. CAGR %	52.07	58.89	70.96	34.37	16.81
Common Equity, 2 Yr. CAGR %	58.42	61.58	65.42	32.13	15.88
Cash From Operations, 2 Yr. CAGR %	-16.04	-11.24	-22.92	47.98	-27.31
Capital Expenditures, 2 Yr. CAGR %	-83	270.17	-24.41	-9.64	390.75
Levered Free Cash Flow, 2 Yr. CAGR %	-22.41	45.97	-5.8	-11.31	-9.93
Unlevered Free Cash Flow, 2 Yr. CAGR %	-20.48	53.49	-6.85	-11.75	-10.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	56.86	46.94	59.36	36.59	-2.57
Gross Profit, 3 Yr. CAGR %	0.22	60.33	23.25	4.34	-8.89
EBITDA, 3 Yr. CAGR %	-20.38	116.89	22.55	-1.27	-5.96
EBITA, 3 Yr. CAGR %	-21.91	141.4	23.64	-0.88	-6.12
EBIT, 3 Yr. CAGR %	-22.33	141.4	23.64	-0.88	-6.12
Earnings From Cont. Operations, 3 Yr. CAGR %	-31.36	510.82	27.79	1.03	-3.05
Net Income, 3 Yr. CAGR %	-31.96	212.06	29.91	1.11	-3.11
Normalized Net Income, 3 Yr. CAGR %	-22.68	459.69	32.82	-0.37	-8.9
Diluted EPS Before Extra, 3 Yr. CAGR %	-32.13	639.91	10.1	-18.59	-16.95
Accounts Receivable, 3 Yr. CAGR %	467.92	1.16K	169.16	91.14	18.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-29.09	4.53	-28.51	49.6	-35.04
Total Assets, 3 Yr. CAGR %	23.34	21.75	17.68	18.89	10.26
Tangible Book Value, 3 Yr. CAGR %	107.49	64.73	56.28	51.69	27.3
Common Equity, 3 Yr. CAGR %	37.72	66.59	57.12	47.61	25.88
Cash From Operations, 3 Yr. CAGR %	-35.83	11.5	-38.02	62.68	-45.75
Capital Expenditures, 3 Yr. CAGR %	-61.36	-29.61	-13.44	114.41	4.47
Levered Free Cash Flow, 3 Yr. CAGR %	-7.95	12.63	-7.3	11.41	-31.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	-7.86	14.23	-4.63	10.73	-32.6
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-5.44	50.03	64.45	25.72	25.33
Gross Profit, 5 Yr. CAGR %	30.79	12.21	12.1	22.11	6.79
EBITDA, 5 Yr. CAGR %	-0	-9.31	-1.98	38.55	10.43
EBITA, 5 Yr. CAGR %	-2.24	-10.02	-2.9	47.71	10.94
EBIT, 5 Yr. CAGR %	-2.83	-10.2	-3.21	47.71	10.94
Earnings From Cont. Operations, 5 Yr. CAGR %	5.82	-9.29	-10.44	157.26	17.36
Net Income, 5 Yr. CAGR %	7.86	-7.71	-10.13	72.06	17.42
Normalized Net Income, 5 Yr. CAGR %	0.32	-7.16	-3.22	141.39	15.25
Diluted EPS Before Extra, 5 Yr. CAGR %	3.41	-12.44	-15.69	164.15	-0.95
Accounts Receivable, 5 Yr. CAGR %	-6.31	116.64	315.45	381.15	85.69
Net Property, Plant and Equip., 5 Yr. CAGR %	-42.01	-10.41	-13.48	-10.42	-13.37
Total Assets, 5 Yr. CAGR %	7.77	21.26	22.78	16.82	15.41
Tangible Book Value, 5 Yr. CAGR %	-1.67	19.39	92.03	51.84	39.1
Common Equity, 5 Yr. CAGR %	-5.8	11.47	48.19	51.84	39.1
Cash From Operations, 5 Yr. CAGR %	-31.65	-23.7	-30.95	24.86	-33.94
Capital Expenditures, 5 Yr. CAGR %	-56.8	12.29	-49.46	-22.22	73.28
Levered Free Cash Flow, 5 Yr. CAGR %	-14.46	13.85	-7.1	-3.6	-12.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.38	13.76	-7.46	-3	-11.81