Cash flow Jiangsu Libert INC.

Equities

605167

CNE100004NZ7

Construction & Engineering

End-of-day quote Shanghai S.E. Other stock markets 2024-09-11			5-day change	1st Jan Change
8.040 ^CNY	-0.37%		-0.99%	-15.28%

07-26	Certain A Shares of Jiangsu Libert INC. are subject to a Lock-Up Agreement Ending on 26-JUL-2024.	CI
07-18	Jiangsu Libert INC. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

99d979.5euPtq3zSCFVmNfzNKlPUSJG59gwruBYV7rxnoRExr8.sb66xPW_ehIt1ZqQXd5-AncAi74Bl686Nf2AzvBz8Oqdo_j1_YQvFSLMtA

Published financial data: JIANGSU LIBERT INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.48B	1.5B	1.97B	1.71B	3.23B
Other Revenues, Total	2.02M	4.79M	10.65M	7.57M	7.58M
Total Revenues	1.48B	1.51B	1.98B	1.72B	3.24B
Cost of Goods Sold, Total	1.21B	1.25B	1.69B	1.38B	2.77B
Gross Profit	274M	259M	290M	340M	470M
Selling General & Admin Expenses, Total	114M	106M	131M	137M	160M
Provision for Bad Debts	-3.39M	3.07M	6.59M	-8.57M	3.09M
R&D Expenses	17.53M	16.21M	22.56M	20.28M	47.31M
Other Operating Expenses	10.47M	9.33M	9.81M	15.38M	41.09M
Other Operating Expenses, Total	139M	134M	170M	164M	252M
Operating Income	135M	125M	120M	175M	218M
Interest Expense, Total	-2.69M	-2.21M	-2.35M	-1.1M	-2.39M
Interest And Investment Income	1.18M	1.51M	3.2M	4.89M	4.96M
Net Interest Expenses	-1.51M	-700K	854K	3.79M	2.57M
Currency Exchange Gains (Loss)	-243K	-493K	-252K	-257K	4.39M
Other Non Operating Income (Expenses)	-1.43M	-2.63M	-3.11M	-4.69M	262K
EBT, Excl. Unusual Items	131M	121M	118M	174M	226M
Gain (Loss) On Sale Of Investments	-496K	-1.38M	-755K	-4.5M	-2.76M
Gain (Loss) On Sale Of Assets	-26.33K	-124K	109K	-593K	69.88K
Asset Writedown	-626K	-	-	152K	-102K
Other Unusual Items	5.55M	12.16M	21.65M	7.98M	9.55M
EBT, Incl. Unusual Items	136M	131M	139M	177M	232M
Income Tax Expense	30.12M	27.23M	29.22M	40.22M	42.16M
Earnings From Continuing Operations	106M	104M	109M	137M	190M
Net Income to Company	106M	104M	109M	137M	190M
Net Income - (IS)	106M	104M	109M	137M	190M
Net Income to Common Incl Extra Items	106M	104M	109M	137M	190M
Net Income to Common Excl. Extra Items	106M	104M	109M	137M	190M
Per Share Items
Net EPS - Basic	0.31	0.31	0.29	0.31	0.43
Basic EPS - Continuing Operations	0.31	0.31	0.29	0.31	0.43
Basic Weighted Average Shares Outstanding	341M	336M	377M	442M	442M
Net EPS - Diluted	0.31	0.31	0.29	0.31	0.43
Diluted EPS - Continuing Operations	0.31	0.31	0.29	0.31	0.43
Diluted Weighted Average Shares Outstanding	341M	336M	377M	442M	442M
Normalized Basic EPS	0.24	0.22	0.19	0.25	0.32
Normalized Diluted EPS	0.24	0.22	0.19	0.25	0.32
Dividend Per Share	0.09	-	0.11	0.04	0.04
Payout Ratio	2.67	31.22	51.41	2.42	11.88
Supplemental Items
EBITDA	-	151M	147M	206M	266M
EBITA	135M	130M	125M	181M	224M
EBIT	135M	125M	120M	175M	218M
EBITDAR	-	153M	152M	212M	274M
Total Revenues (As Reported)	-	1.51B	1.98B	1.72B	3.24B
Effective Tax Rate - (Ratio)	22.18	20.72	21.07	22.68	18.14
Total Current Taxes	26.07M	28.43M	32.16M	42.05M	40.76M
Total Deferred Taxes	4.05M	-1.2M	-2.94M	-1.83M	1.4M
Normalized Net Income	82.13M	75.48M	73.55M	109M	141M
Interest Capitalized	-	-	4.08M	2.98M	5M
Interest on Long-Term Debt	-	-	4.59M	3.62M	5.36M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	10.66K	31.95K
Selling and Marketing Expenses	18.87M	14.98M	17.64M	18.27M	19.7M
General and Administrative Expenses	92.96M	88.5M	113M	119M	141M
Research And Development Expense From Footnotes	17.53M	16.21M	22.56M	20.28M	47.31M
Net Rental Expense, Total	2.61M	2.4M	5.33M	5.77M	7.72M
Imputed Operating Lease Interest Expense	924K	743K	3.39M	1.79M	3.01M
Imputed Operating Lease Depreciation	1.68M	1.65M	1.93M	3.99M	4.71M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	207M	242M	467M	566M	506M
Trading Asset Securities, Total	251K	-	-	1.99M	253M
Total Cash And Short Term Investments	207M	242M	467M	568M	759M
Accounts Receivable, Total	318M	468M	705M	548M	549M
Other Receivables	41.43M	20.08M	30.82M	41.59M	3.83M
Notes Receivable	3.34M	-	-	-	-
Total Receivables	363M	488M	736M	590M	553M
Inventory	223M	171M	105M	190M	181M
Other Current Assets, Total	70.23M	10.41M	13.73M	193M	211M
Total Current Assets	863M	912M	1.32B	1.54B	1.7B
Gross Property Plant And Equipment	446M	554M	818M	1.15B	1.22B
Accumulated Depreciation	-115M	-135M	-160M	-191M	-233M
Net Property Plant And Equipment	330M	419M	658M	955M	982M
Long-term Investments	11.64M	10.25M	7.73M	35.57M	52.12M
Other Intangibles, Total	138M	151M	191M	184M	178M
Deferred Tax Assets Long-Term	7.2M	9.52M	12.46M	14.55M	12.89M
Deferred Charges Long-Term	-	952K	418K	-	4.13M
Other Long-Term Assets, Total	898K	9.9M	6.45M	5.64M	922K
Total Assets	1.35B	1.51B	2.2B	2.74B	2.93B
Liabilities
Accounts Payable, Total	339M	373M	549M	423M	684M
Accrued Expenses, Total	109M	101M	160M	140M	129M
Short-term Borrowings	22.58M	50.62M	21.67M	-	-
Current Portion of Long-Term Debt	-	-	4.31M	11.27M	24.34M
Current Portion of Leases	-	-	7.17M	5.4M	4.41M
Current Income Taxes Payable	15.52M	12.64M	13.67M	15.6M	5.01M
Unearned Revenue Current, Total	53.78M	115M	42.78M	522M	284M
Other Current Liabilities	64.9M	2.31M	2.69M	17.15M	26.35M
Total Current Liabilities	605M	655M	802M	1.13B	1.16B
Long-Term Debt	-	41.08M	27.34M	120M	133M
Long-Term Leases	-	-	9.21M	4.06M	1.01M
Unearned Revenue Non Current	14.54M	14.1M	13.67M	13.23M	12.8M
Deferred Tax Liability Non Current	122K	-	-	260K	-
Total Liabilities	620M	711M	852M	1.27B	1.3B
Common Stock, Total	337M	337M	449M	449M	449M
Additional Paid In Capital	51.4M	51.4M	424M	424M	414M
Retained Earnings	343M	413M	473M	610M	784M
Treasury Stock	-	-	-	-19.4M	-17.04M
Comprehensive Income and Other	-	-	-	-	718K
Total Common Equity	732M	802M	1.35B	1.46B	1.63B
Total Equity	732M	802M	1.35B	1.46B	1.63B
Total Liabilities And Equity	1.35B	1.51B	2.2B	2.74B	2.93B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	337M	337M	449M	447M	445M
ECS Total Common Shares Outstanding	337M	-	449M	447M	445M
Book Value / Share	2.17	2.38	3	3.28	3.66
Tangible Book Value	594M	651M	1.16B	1.28B	1.45B
Tangible Book Value Per Share	1.76	1.93	2.57	2.86	3.26
Total Debt	22.58M	91.7M	69.69M	141M	163M
Net Debt	-185M	-150M	-398M	-427M	-597M
Debt Equivalent Oper. Leases	20.86M	19.17M	42.61M	46.19M	61.74M
Equity Method Investments, Total	11.64M	10.25M	7.73M	5.57M	2.12M
Account Code - Inventory Valuation	6	-	6	6	6
Inventories - Raw Materials, Total	70.96M	59.88M	37.94M	117M	66.86M
Inventories - Work In Process, Total	46.53M	106M	61.43M	42.97M	103M
Inventories - Finished Goods, Total	8.74M	6.65M	6.68M	31.63M	-
Inventories - Others	98.2M	-	-	-	13.06M
Buildings, Total	339M	347M	347M	719M	980M
Machinery, Total	105M	117M	130M	176M	217M
Full Time Employees	3.28K	-	3.45K	2.8K	2.26K
Accumulated Allowance for Doubtful Accounts (Supple)	19.38M	19.58M	26.06M	18.27M	22.29M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	106M	104M	109M	137M	190M
Depreciation & Amortization - CF	-	20.52M	29.5M	32.9M	49.14M
Amortization of Goodwill and Intangible Assets - (CF)	-	5.8M	4.86M	5.16M	5.16M
Depreciation & Amortization, Total	-	26.32M	34.36M	38.06M	54.29M
Amortization of Deferred Charges, Total - (CF)	-	83.58K	2.01M	2.19M	1.91M
(Gain) Loss From Sale Of Asset	-	124K	-109K	593K	-69.88K
(Gain) Loss on Sale of Investments - (CF)	-	1.38M	755K	2.54M	4.15M
Asset Writedown & Restructuring Costs	-	-	194K	-152K	102K
Provision and Write-off of Bad Debts	-	3.07M	6.59M	-8.57M	3.09M
Other Operating Activities, Total	-37.16M	3.79M	10.22M	7.56M	-3.67M
Change In Accounts Receivable	-	115M	-260M	-15.99M	30.19M
Change In Inventories	-	6.89M	65.97M	-85.28M	6.23M
Change In Accounts Payable	-	-159M	183M	343M	59.25M
Change In Deferred Taxes	-	-1.2M	-2.94M	-1.83M	1.4M
Change in Other Net Operating Assets	-	-	-	-	3.74M
Cash from Operations	68.53M	100M	150M	419M	351M
Capital Expenditure	-40.03M	-113M	-271M	-321M	-134M
Sale of Property, Plant, and Equipment	128K	22.26K	358K	52.76K	13.92K
Investment in Marketable and Equity Securities, Total	-1.8M	308K	0	-33.45M	-274M
Other Investing Activities, Total	-6.5M	3.37M	1.76M	1.95M	2.8M
Cash from Investing	-48.19M	-109M	-269M	-353M	-405M
Long-Term Debt Issued, Total	55.58M	105M	190M	127M	55.54M
Total Debt Issued	55.58M	105M	190M	127M	55.54M
Long-Term Debt Repaid, Total	-132M	-36.39M	-236M	-57.22M	-36.01M
Total Debt Repaid	-132M	-36.39M	-236M	-57.22M	-36.01M
Issuance of Common Stock	-	-	508M	-	17.04M
Repurchase of Common Stock	-	-	-	-19.4M	-10.84M
Common Dividends Paid	-2.82M	-32.53M	-56.27M	-3.32M	-22.59M
Common & Preferred Stock Dividends Paid	-2.82M	-32.53M	-56.27M	-3.32M	-22.59M
Other Financing Activities, Total	-3.31M	-1.73M	-26.16M	-	-
Cash from Financing	-82.58M	34.74M	379M	47.33M	3.13M
Foreign Exchange Rate Adjustments	546K	-549K	-266K	-2.47M	1.82M
Net Change in Cash	-61.69M	25.2M	260M	111M	-49.57M
Supplemental Items
Cash Income Tax Paid (Refund)	78.95M	38.03M	57.25M	112M	140M
Levered Free Cash Flow	-49.49M	-1.8M	-182M	59.6M	94.99M
Unlevered Free Cash Flow	-47.81M	-414K	-180M	60.29M	96.48M
Change In Net Working Capital	91.9M	-8.31M	21.01M	-232M	-37.52M
Net Debt Issued / Repaid	-76.45M	68.99M	-46.39M	70.05M	19.52M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.84	5.44	4.05	4.44	4.81
Return on Total Capital	11.37	9.45	6.51	7.26	8.03
Return On Equity %	15.57	13.59	10.19	9.76	12.29
Return on Common Equity	15.57	13.59	10.19	9.76	12.29
Margin Analysis
Gross Profit Margin %	18.46	17.21	14.65	19.75	14.51
SG&A Margin	7.72	7.03	6.62	7.98	4.95
EBITDA Margin %	-	10.02	7.42	11.98	8.21
EBITA Margin %	9.08	8.66	6.31	10.49	6.89
EBIT Margin %	9.08	8.28	6.06	10.19	6.73
Income From Continuing Operations Margin %	7.13	6.92	5.52	7.97	5.87
Net Income Margin %	7.13	6.92	5.52	7.97	5.87
Net Avail. For Common Margin %	7.13	6.92	5.52	7.97	5.87
Normalized Net Income Margin	5.54	5.01	3.71	6.33	4.35
Levered Free Cash Flow Margin	-3.34	-0.12	-9.17	3.46	2.93
Unlevered Free Cash Flow Margin	-3.22	-0.03	-9.1	3.5	2.98
Asset Turnover
Asset Turnover	1.03	1.05	1.07	0.7	1.14
Fixed Assets Turnover	4.43	4.02	3.68	2.13	3.35
Receivables Turnover (Average Receivables)	3.94	3.81	3.36	2.73	5.89
Inventory Turnover (Average Inventory)	4.74	6.32	12.24	9.37	14.96
Short Term Liquidity
Current Ratio	1.43	1.39	1.65	1.36	1.47
Quick Ratio	0.94	1.11	1.5	1.02	1.13
Operating Cash Flow to Current Liabilities	0.11	0.15	0.19	0.37	0.3
Days Sales Outstanding (Average Receivables)	92.63	95.94	108.59	133.51	61.92
Days Outstanding Inventory (Average Inventory)	77.07	57.88	29.81	38.94	24.39
Average Days Payable Outstanding	132.57	109.13	103.51	121.04	73.08
Cash Conversion Cycle (Average Days)	37.13	44.69	34.89	51.42	13.23
Long Term Solvency
Total Debt/Equity	3.09	11.44	5.18	9.63	9.96
Total Debt / Total Capital	2.99	10.26	4.92	8.78	9.06
LT Debt/Equity	-	5.12	2.71	8.49	8.2
Long-Term Debt / Total Capital	-	4.6	2.58	7.75	7.46
Total Liabilities / Total Assets	45.86	46.99	38.76	46.49	44.42
EBIT / Interest Expense	49.98	56.28	51.22	159.36	91.54
EBITDA / Interest Expense	-	68.17	65.86	193.93	114.3
(EBITDA - Capex) / Interest Expense	-	17.13	-49.57	-97.89	58.25
Total Debt / EBITDA	-	0.61	0.45	0.66	0.6
Net Debt / EBITDA	-	-1	-2.57	-2	-2.19
Total Debt / (EBITDA - Capex)	-	2.42	-0.6	-1.31	1.17
Net Debt / (EBITDA - Capex)	-	-3.96	3.42	3.97	-4.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.87	1.55	31.73	-13.21	88.39
Gross Profit, 1 Yr. Growth %	12.76	-5.32	12.12	14.7	38.37
EBITDA, 1 Yr. Growth %	-	-	-2.55	38.37	27.96
EBITA, 1 Yr. Growth %	9.87	-3.12	-4.11	42.21	22.57
EBIT, 1 Yr. Growth %	9.87	-7.43	-3.54	45.73	24.47
Earnings From Cont. Operations, 1 Yr. Growth %	23.59