HANGZHOU HOPECHART IOT TECHNOLOGY CO.,LTD

Income Statement Hangzhou Hopechart IoT Technology Co.,Ltd

Equities

688288

CNE100003NM7

Software

End-of-day quote Shanghai S.E. Other stock markets 2024-09-30			5-day change	1st Jan Change
15.75 ^CNY	+14.13%		+21.15%	-33.71%

08-29	Hangzhou Hopechart IoT Technology Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2024	CI
06-05	China and HK stocks close down despite upbeat service activity data	RE

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Published financial data: HANGZHOU HOPECHART IOT TECHNOLOGY CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	313M	456M	397M	225M	398M
Other Revenues, Total	96.99K	398K	8.13M	14.43M	11.52M
Total Revenues	313M	456M	406M	240M	409M
Cost of Goods Sold, Total	153M	242M	239M	161M	253M
Gross Profit	160M	214M	167M	78.81M	156M
Selling General & Admin Expenses, Total	51.64M	64.2M	61.71M	65.13M	67.11M
Provision for Bad Debts	2.49M	3.8M	328K	1.83M	4.9M
R&D Expenses	51.37M	83.41M	113M	130M	149M
Other Operating Expenses	-8.7M	-11.8M	-6.77M	761K	-5.01M
Other Operating Expenses, Total	96.8M	140M	168M	197M	216M
Operating Income	63.07M	74.65M	-1.53M	-119M	-60.19M
Interest Expense, Total	-268K	-842K	-2.58M	-2.48M	-801K
Interest And Investment Income	3.41M	14.59M	15.32M	6.28M	1.89M
Net Interest Expenses	3.14M	13.75M	12.74M	3.81M	1.09M
Other Non Operating Income (Expenses)	-78.43K	-89.97K	-177K	-103K	-61.43K
EBT, Excl. Unusual Items	66.14M	88.31M	11.03M	-115M	-59.16M
Impairment of Goodwill	-	-	-1.48M	-	-
Gain (Loss) On Sale Of Investments	-	-	102K	6.22M	4.21M
Gain (Loss) On Sale Of Assets	-45.85K	-68.28K	-136K	-639K	-450K
Asset Writedown	-	-	-	-	-
Other Unusual Items	8.56M	4.36M	6.88M	604K	119K
EBT, Incl. Unusual Items	74.65M	92.6M	16.4M	-109M	-55.28M
Income Tax Expense	4.96M	4.29M	-10.07M	627K	16.67M
Earnings From Continuing Operations	69.69M	88.31M	26.47M	-109M	-71.95M
Net Income to Company	69.69M	88.31M	26.47M	-109M	-71.95M
Minority Interest	-	-	3.11M	3.29M	351K
Net Income - (IS)	69.69M	88.31M	29.57M	-106M	-71.6M
Net Income to Common Incl Extra Items	69.69M	88.31M	29.57M	-106M	-71.6M
Net Income to Common Excl. Extra Items	69.69M	88.31M	29.57M	-106M	-71.6M
Per Share Items
Net EPS - Basic	0.88	0.88	0.3	-1.06	-0.71
Basic EPS - Continuing Operations	0.88	0.88	0.3	-1.06	-0.71
Basic Weighted Average Shares Outstanding	79.19M	100M	98.58M	100M	101M
Net EPS - Diluted	0.88	0.88	0.3	-1.06	-0.71
Diluted EPS - Continuing Operations	0.88	0.88	0.3	-1.06	-0.71
Diluted Weighted Average Shares Outstanding	79.19M	100M	98.58M	100M	101M
Normalized Basic EPS	0.52	0.55	0.1	-0.68	-0.36
Normalized Diluted EPS	0.52	0.55	0.1	-0.68	-0.36
Dividend Per Share	0.3	0.35	-	-	-
Payout Ratio	36.26	34.85	125.66	-	-0.91
Supplemental Items
EBITDA	65.98M	84.98M	10.72M	-98.93M	-38.94M
EBITA	63.3M	77.51M	1.11M	-117M	-59.84M
EBIT	63.07M	74.65M	-1.53M	-119M	-60.19M
EBITDAR	66.21M	85.33M	11.05M	-97.82M	-38.35M
Total Revenues (As Reported)	313M	456M	406M	240M	409M
Effective Tax Rate - (Ratio)	6.65	4.63	-61.4	-0.58	-30.15
Current Domestic Taxes	5.9M	-	-	-	-
Total Current Taxes	5.9M	9.91M	150K	-	-
Deferred Domestic Taxes	-934K	-	-	-	-
Total Deferred Taxes	-934K	-5.62M	-10.22M	627K	16.67M
Normalized Net Income	41.34M	55.19M	10M	-68.52M	-36.62M
Supplemental Operating Expense Items
Advertising Expense	295K	251K	80.68K	324K	1.19M
Selling and Marketing Expenses	24.76M	29.54M	27.96M	30.97M	33.43M
General and Administrative Expenses	26.88M	34.66M	33.75M	34.16M	33.43M
Research And Development Expense From Footnotes	51.37M	83.41M	113M	130M	149M
Net Rental Expense, Total	226K	345K	325K	1.11M	590K
Imputed Operating Lease Interest Expense	97.07K	77.3K	112K	329K	43.91K
Imputed Operating Lease Depreciation	129K	267K	213K	777K	546K
Stock-Based Comp., COGS (Total)	-	-	-	-	-
Stock-Based Comp., R&D Exp. (Total)	-	7.04M	1.52M	-1.67M	8.68M
Stock-Based Comp., S&M Exp. (Total)	-	1.35M	440K	-593K	338K
Stock-Based Comp., G&A Exp. (Total)	-	1.77M	434K	-683K	253K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	10.16M	2.39M	-2.95M	9.27M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	603M	354M	397M	207M	85.75M
Short Term Investments	-	183M	-	-	-
Trading Asset Securities, Total	-	-	24.17M	68.72M	77.33M
Total Cash And Short Term Investments	603M	537M	422M	276M	163M
Accounts Receivable, Total	207M	314M	236M	217M	326M
Other Receivables	2.15M	3.78M	3.76M	3.23M	2.98M
Total Receivables	209M	318M	239M	220M	329M
Inventory	38.61M	62.11M	123M	78.08M	103M
Other Current Assets, Total	11.13M	5.83M	16.67M	38.12M	29.19M
Total Current Assets	862M	924M	800M	612M	624M
Gross Property Plant And Equipment	78.52M	108M	242M	234M	323M
Accumulated Depreciation	-8.51M	-14.21M	-28.99M	-41.98M	-64.08M
Net Property Plant And Equipment	70.01M	93.78M	213M	192M	259M
Long-term Investments	-	50M	50M	56.2M	109M
Goodwill	8.61M	8.61M	7.13M	7.13M	7.13M
Other Intangibles, Total	22.51M	18.28M	19.11M	15.26M	17.65M
Loans Receivable Long-Term	-	-	2.51M	4.64M	4.93M
Deferred Tax Assets Long-Term	2M	7.32M	17.3M	16.67M	-
Deferred Charges Long-Term	234K	5.72M	4.85M	1.91M	2.36M
Other Long-Term Assets, Total	-	27.14M	688K	79.05M	474K
Total Assets	965M	1.13B	1.12B	985M	1.02B
Liabilities
Accounts Payable, Total	77.87M	115M	82.67M	41.43M	93.3M
Accrued Expenses, Total	19.25M	23.22M	29.64M	38.54M	41.33M
Short-term Borrowings	5.01M	55.07M	55.06M	65.06M	80.08M
Current Portion of Long-Term Debt	-	-	-	-	20.02M
Current Portion of Leases	-	-	4.66M	1.24M	2.19M
Current Income Taxes Payable	-	3.65M	-	-	-
Unearned Revenue Current, Total	6.07M	8.96M	10.34M	15.11M	22.01M
Other Current Liabilities	2.15M	2.36M	4.51M	7.87M	8.09M
Total Current Liabilities	110M	208M	187M	169M	267M
Long-Term Leases	-	-	4.84M	2.31M	1.3M
Unearned Revenue Non Current	4.58M	5.83M	2.45M	2.46M	3.81M
Deferred Tax Liability Non Current	542K	244K	-	-	-
Other Non Current Liabilities	1.39M	3.34M	3.57M	4.07M	4.78M
Total Liabilities	117M	217M	198M	178M	277M
Common Stock, Total	100M	100M	100M	100M	100M
Additional Paid In Capital	642M	653M	654M	653M	665M
Retained Earnings	106M	164M	159M	53.01M	-18.59M
Total Common Equity	849M	917M	914M	806M	746M
Minority Interest	-	-	3.98M	243K	1.42M
Total Equity	849M	917M	918M	807M	748M
Total Liabilities And Equity	965M	1.13B	1.12B	985M	1.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	100M	100M	100M	100M	100M
ECS Total Common Shares Outstanding	100M	100M	100M	100M	100M
Book Value / Share	8.49	9.17	9.1	8.04	7.44
Tangible Book Value	817M	890M	887M	784M	722M
Tangible Book Value Per Share	8.17	8.9	8.84	7.81	7.19
Total Debt	5.01M	55.07M	64.56M	68.62M	104M
Net Debt	-598M	-482M	-357M	-207M	-59.49M
Debt Equivalent Oper. Leases	1.81M	2.76M	2.6M	8.84M	4.72M
Minority Interest, Total (Incl. Fin. Div)	-	-	3.98M	243K	1.42M
Equity Method Investments, Total	-	-	-	-	1.53M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	20.11M	32.09M	77.37M	41.87M	46.31M
Inventories - Work In Process, Total	8.04M	10.41M	17.11M	11M	15.61M
Inventories - Finished Goods, Total	12.32M	21.21M	31.69M	32.42M	54.87M
Inventories - Others	-	-	-	920K	-
Buildings, Total	55.92M	37.01M	59.66M	159M	247M
Machinery, Total	20.73M	28.89M	45.21M	57.9M	16.84M
Full Time Employees	475	553	654	611	692
Accumulated Allowance for Doubtful Accounts (Supple)	8.2M	11.82M	11.58M	12.42M	16.93M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	69.69M	88.31M	29.57M	-106M	-71.6M
Depreciation & Amortization - CF	2.68M	7.47M	14.1M	21.82M	22.95M
Amortization of Goodwill and Intangible Assets - (CF)	226K	2.86M	2.64M	1.34M	344K
Depreciation & Amortization, Total	2.91M	10.33M	16.74M	23.16M	23.29M
Amortization of Deferred Charges, Total - (CF)	3.03M	516K	2.68M	3.38M	2.28M
(Gain) Loss From Sale Of Asset	-	-	101K	639K	450K
(Gain) Loss on Sale of Investments - (CF)	-355K	-1.95M	-3.12M	-6.67M	-5.63M
Asset Writedown & Restructuring Costs	3.89M	6.7M	1.52M	-	-
Provision and Write-off of Bad Debts	-	-	328K	1.83M	4.9M
Other Operating Activities, Total	268K	842K	2.24M	5.35M	7.02M
Change In Accounts Receivable	-62.7M	-109M	62M	-5.51M	-111M
Change In Inventories	-9.1M	-24.6M	-63.54M	38.65M	-31.86M
Change In Accounts Payable	55.52M	63.45M	-21.06M	-33.02M	74.69M
Change In Deferred Taxes	-934K	-5.62M	-10.22M	627K	16.67M
Change in Other Net Operating Assets	-	10.16M	2.39M	-2.95M	9.27M
Cash from Operations	62.2M	39.35M	19.61M	-80.56M	-81.6M
Capital Expenditure	-61.66M	-75.81M	-106M	-70.82M	-27.55M
Sale of Property, Plant, and Equipment	-	-	213K	185K	758K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	0	-233M	159M	-45.57M	-59.78M
Other Investing Activities, Total	355K	1.95M	3.12M	1.98M	5.79M
Cash from Investing	-61.3M	-307M	56.62M	-114M	-80.78M
Short Term Debt Issued, Total	5M	62M	58M	105M	100M
Total Debt Issued	5M	62M	58M	105M	100M
Short Term Debt Repaid, Total	-5M	-12M	-58M	-94.99M	-65M
Long-Term Debt Repaid, Total	-	-	-4.72M	-3.5M	-2.03M
Total Debt Repaid	-5M	-12M	-62.72M	-98.49M	-67.03M
Issuance of Common Stock	625M	-	5.62M	-	-
Common Dividends Paid	-25.27M	-30.78M	-37.16M	-	-653K
Common & Preferred Stock Dividends Paid	-25.27M	-30.78M	-37.16M	-	-653K
Other Financing Activities, Total	-75.37M	-	1M	87.22K	3.9M
Cash from Financing	524M	19.22M	-35.26M	6.59M	36.22M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	525M	-248M	40.97M	-188M	-126M
Supplemental Items
Cash Interest Paid	-	-	-	2.25M	-
Cash Income Tax Paid (Refund)	15.26M	5.35M	9.9M	4.65M	16.81M
Levered Free Cash Flow	-30.87M	-88.26M	-105M	-104M	-94.12M
Unlevered Free Cash Flow	-30.71M	-87.74M	-103M	-103M	-93.62M
Change In Net Working Capital	14.41M	79.6M	18.51M	-18.63M	63.29M
Net Debt Issued / Repaid	0	50M	-4.72M	6.51M	32.97M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.2	4.44	-0.09	-7.06	-3.74
Return on Total Capital	7.11	5.11	-0.1	-7.98	-4.36
Return On Equity %	12.68	10	2.89	-12.68	-9.26
Return on Common Equity	12.68	10	3.23	-12.33	-9.22
Margin Analysis
Gross Profit Margin %	51.05	46.97	41.12	32.88	38.15
SG&A Margin	16.49	14.07	15.22	27.17	16.39
EBITDA Margin %	21.07	18.63	2.64	-41.27	-9.51
EBITA Margin %	20.21	16.99	0.27	-48.92	-14.62
EBIT Margin %	20.14	16.36	-0.38	-49.48	-14.7
Income From Continuing Operations Margin %	22.25	19.36	6.53	-45.61	-17.58
Net Income Margin %	22.25	19.36	7.29	-44.24	-17.49
Net Avail. For Common Margin %	22.25	19.36	7.29	-44.24	-17.49
Normalized Net Income Margin	13.2	12.1	2.47	-28.59	-8.95
Levered Free Cash Flow Margin	-9.86	-19.35	-25.84	-43.5	-22.99
Unlevered Free Cash Flow Margin	-9.8	-19.23	-25.45	-42.85	-22.87
Asset Turnover
Asset Turnover	0.49	0.43	0.36	0.23	0.41
Fixed Assets Turnover	7.55	5.57	2.64	1.18	1.82
Receivables Turnover (Average Receivables)	1.76	1.75	1.44	1	1.47
Inventory Turnover (Average Inventory)	4.41	4.8	2.58	1.6	2.79
Short Term Liquidity
Current Ratio	7.81	4.44	4.28	3.62	2.34
Quick Ratio	7.36	4.11	3.54	2.93	1.84
Operating Cash Flow to Current Liabilities	0.56	0.19	0.1	-0.48	-0.31
Days Sales Outstanding (Average Receivables)	207.81	209.46	252.61	366.5	248.83
Days Outstanding Inventory (Average Inventory)	82.68	76.19	141.36	227.95	130.78
Average Days Payable Outstanding	119.21	132.05	120.22	195.11	88.3
Cash Conversion Cycle (Average Days)	171.28	153.59	273.76	399.35	291.31
Long Term Solvency
Total Debt/Equity	0.59	6.01	7.04	8.51	13.85
Total Debt / Total Capital	0.59	5.67	6.57	7.84	12.17
LT Debt/Equity	-	-	0.53	0.29	0.17
Long-Term Debt / Total Capital	-	-	0.49	0.26	0.15
Total Liabilities / Total Assets	12.1	19.16	17.73	18.09	27.02
EBIT / Interest Expense	234.99	88.66	-0.59	-47.89	-75.1
EBITDA / Interest Expense	245.83	100.93	5.9	-38.54	-46.04
(EBITDA - Capex) / Interest Expense	16.11	10.9	-35.05	-67.14	-80.41
Total Debt / EBITDA	0.08	0.65	4.25	-0.72	-2.81
Net Debt / EBITDA	-9.06	-5.67	-23.47	2.17	1.61
Total Debt / (EBITDA - Capex)	1.16	6	-0.71	-0.41	-1.61
Net Debt / (EBITDA - Capex)	-138.3	-52.54	3.95	1.25	0.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.34	45.64	-11.09	-40.9	70.77
Gross Profit, 1 Yr. Growth %	27.7	34.01	-22.16	-52.74	98.14
EBITDA, 1 Yr. Growth %	5.37	24.15	-87.06	-1.02K	-60.64
EBITA, 1 Yr. Growth %	4.67	17.86	-98.53	-10.67K	-48.96
EBIT, 1 Yr. Growth %	8.66	18.36	-102.11	7.64K	-49.25
Earnings From Cont. Operations, 1 Yr. Growth %	22.01	26.72	-70.03	-513.07	-34.19
Net Income, 1 Yr. Growth %	22.01	26.72	-66.51	-458.59	-32.48
Normalized Net Income, 1 Yr. Growth %	12.7	33.52	-81.44	-785.25	-46.95