JIANGSU SIDIKE NEW MATERIALS SCIENCE & TECHNOLOGY CO., LTD.

Balance Sheet Jiangsu Sidike New Materials Science & Technology Co., Ltd.

Equities

300806

CNE100003QY5

Commodity Chemicals

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-11			5-day change	1st Jan Change
11.25 ^CNY	+0.45%		-3.76%	-20.04%

09-03	Suzhou Ansidike Hydrogen Energy Technology Co., Ltd. cancelled the transaction announced on September 12, 2023	CI
08-28	Jiangsu Sidike New Materials Science & Technology Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: JIANGSU SIDIKE NEW MATERIALS SCIENCE & TECHNOLOGY CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	1.36B	1.45B	1.83B	1.8B	1.87B
Other Revenues, Total	69.82M	91.62M	157M	77.08M	97.46M
Total Revenues	1.43B	1.54B	1.98B	1.88B	1.97B
Cost of Goods Sold, Total	1.07B	1.16B	1.45B	1.33B	1.46B
Gross Profit	366M	384M	531M	543M	513M
Selling General & Admin Expenses, Total	130M	124M	169M	194M	224M
Provision for Bad Debts	14M	2.72M	8M	8.35M	3.83M
R&D Expenses	82.81M	94.8M	109M	127M	197M
Other Operating Expenses	12.78M	11M	12.63M	17.19M	-5.97M
Other Operating Expenses, Total	239M	233M	299M	346M	419M
Operating Income	127M	151M	232M	196M	94.08M
Interest Expense, Total	-41.47M	-37.18M	-39.15M	-57.15M	-78.85M
Interest And Investment Income	1.73M	7.14M	5.78M	6.89M	4.81M
Net Interest Expenses	-39.73M	-30.04M	-33.37M	-50.25M	-74.05M
Currency Exchange Gains (Loss)	1.63M	-3.75M	-606K	7.82M	4M
Other Non Operating Income (Expenses)	-1.98M	-4.68M	-2.11M	-1.71M	-13.04M
EBT, Excl. Unusual Items	87.05M	112M	196M	152M	10.99M
Gain (Loss) On Sale Of Investments	-	-	-	-6.45M	-5.15M
Gain (Loss) On Sale Of Assets	23.3K	-21.45K	215K	5.47K	33.9K
Asset Writedown	-	-29.08M	569K	-445K	4.54M
Insurance Settlements	2.01M	772K	-	111K	-
Legal Settlements	7.37M	-	-	-	-
Other Unusual Items	25.45M	123M	43.46M	36M	26.67M
EBT, Incl. Unusual Items	122M	207M	240M	181M	37.08M
Income Tax Expense	10.81M	26.15M	31.58M	14.45M	-18.97M
Earnings From Continuing Operations	111M	181M	208M	167M	56.06M
Net Income to Company	111M	181M	208M	167M	56.06M
Minority Interest	106K	950K	1.54M	1.03M	11.36K
Net Income - (IS)	111M	182M	210M	168M	56.07M
Net Income to Common Incl Extra Items	111M	182M	210M	168M	56.07M
Net Income to Common Excl. Extra Items	111M	182M	210M	168M	56.07M
Per Share Items
Net EPS - Basic	0.34	0.43	0.5	0.39	0.12
Basic EPS - Continuing Operations	0.34	0.43	0.5	0.39	0.12
Basic Weighted Average Shares Outstanding	324M	420M	424M	428M	467M
Net EPS - Diluted	0.34	0.43	0.5	0.39	0.12
Diluted EPS - Continuing Operations	0.34	0.43	0.5	0.39	0.12
Diluted Weighted Average Shares Outstanding	324M	423M	424M	428M	467M
Normalized Basic EPS	0.17	0.17	0.29	0.22	0.01
Normalized Diluted EPS	0.17	0.17	0.29	0.22	0.01
Dividend Per Share	0.03	0.06	0.05	0.04	0.02
Payout Ratio	33.04	29.08	43.39	81.22	273.23
Supplemental Items
EBITDA	219M	244M	322M	363M	343M
EBITA	129M	153M	236M	200M	98.05M
EBIT	127M	151M	232M	196M	94.08M
EBITDAR	223M	249M	326M	368M	347M
Total Revenues (As Reported)	1.43B	1.54B	1.98B	1.88B	1.97B
Effective Tax Rate - (Ratio)	8.87	12.64	13.16	7.96	-51.16
Total Current Taxes	10.5M	42.32M	73.31M	34.54M	15.96M
Total Deferred Taxes	314K	-16.17M	-41.73M	-20.09M	-34.94M
Normalized Net Income	54.51M	71.07M	124M	96.17M	6.88M
Interest Capitalized	-	14.13M	28.24M	51.72M	55.74M
Interest on Long-Term Debt	-	-	-	1.94M	722K
Non-Cash Pension Expense	-	886K	643K	879K	-
Supplemental Operating Expense Items
Advertising Expense	869K	156K	420K	1.01M	912K
Selling and Marketing Expenses	48.76M	31.91M	49.2M	55.07M	71.94M
General and Administrative Expenses	77.69M	88.9M	120M	139M	152M
Research And Development Expense From Footnotes	82.81M	94.8M	109M	127M	197M
Net Rental Expense, Total	4.49M	5.87M	3.84M	4.96M	3.96M
Imputed Operating Lease Interest Expense	2.09M	2.42M	1.33M	1.63M	1.22M
Imputed Operating Lease Depreciation	2.4M	3.45M	2.51M	3.33M	2.74M
Stock-Based Comp., R&D Exp. (Total)	-	-	5.69M	3.78M	-18.56K
Stock-Based Comp., S&M Exp. (Total)	-	1.57M	5.03M	2.17M	115K
Stock-Based Comp., G&A Exp. (Total)	-	4.68M	11.28M	8.7M	1.71M
Stock-Based Comp., Other (Total)	-	3.59M	3.86M	2.66M	267K
Total Stock-Based Compensation	-	9.84M	25.86M	17.31M	2.07M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	316M	515M	524M	768M	371M
Trading Asset Securities, Total	22M	-	1M	-	-
Total Cash And Short Term Investments	338M	515M	525M	768M	371M
Accounts Receivable, Total	582M	657M	718M	837M	975M
Other Receivables	17.55M	7.03M	5.62M	130K	1.18M
Total Receivables	599M	664M	724M	837M	977M
Inventory	125M	218M	343M	459M	653M
Other Current Assets, Total	31.49M	62.24M	119M	120M	169M
Total Current Assets	1.09B	1.46B	1.71B	2.18B	2.17B
Gross Property Plant And Equipment	1.3B	1.83B	2.84B	4.57B	5.48B
Accumulated Depreciation	-419M	-394M	-510M	-669M	-917M
Net Property Plant And Equipment	885M	1.44B	2.33B	3.9B	4.57B
Long-term Investments	-	-	13.89M	58.35M	99.08M
Other Intangibles, Total	59.75M	172M	187M	182M	178M
Deferred Tax Assets Long-Term	21.56M	38.82M	88.5M	105M	140M
Deferred Charges Long-Term	1.55M	1.49M	735K	1.11M	3.81M
Other Long-Term Assets, Total	29.25M	94.08M	257M	240M	63.22M
Total Assets	2.09B	3.2B	4.59B	6.67B	7.22B
Liabilities
Accounts Payable, Total	187M	279M	517M	539M	586M
Accrued Expenses, Total	14.1M	23.05M	25.82M	21.8M	30.08M
Short-term Borrowings	541M	867M	991M	976M	898M
Current Portion of Long-Term Debt	17.5M	150M	10.09M	214M	817M
Current Portion of Leases	69.77M	57.11M	43.28M	39.56M	27.7M
Current Income Taxes Payable	672K	21.88M	49.7M	8.13M	13.68M
Unearned Revenue Current, Total	4.09M	6.88M	7.76M	28.92M	8.21M
Other Current Liabilities	1.69M	42.75M	30.75M	20.44M	83.22M
Total Current Liabilities	835M	1.45B	1.68B	1.85B	2.46B
Long-Term Debt	-	225M	931M	2.06B	1.9B
Long-Term Leases	17.51M	43.49M	3.65M	42.78M	18.69M
Unearned Revenue Non Current	157M	227M	487M	565M	661M
Deferred Tax Liability Non Current	27.28K	-	-	326K	-
Total Liabilities	1.01B	1.94B	3.1B	4.52B	5.04B
Common Stock, Total	117M	119M	190M	324M	453M
Additional Paid In Capital	527M	577M	538M	911M	782M
Retained Earnings	436M	606M	792M	937M	974M
Treasury Stock	-	-40.29M	-27.49M	-15.61M	-33.2M
Comprehensive Income and Other	-50.03K	-970K	-1.49M	-604K	-267K
Total Common Equity	1.08B	1.26B	1.49B	2.16B	2.18B
Minority Interest	553K	103K	2.91M	1.93M	1.91M
Total Equity	1.08B	1.26B	1.49B	2.16B	2.18B
Total Liabilities And Equity	2.09B	3.2B	4.59B	6.67B	7.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	419M	426M	425M	454M	453M
ECS Total Common Shares Outstanding	419M	426M	425M	454M	453M
Book Value / Share	2.58	2.96	3.5	4.75	4.8
Tangible Book Value	1.02B	1.09B	1.3B	1.97B	2B
Tangible Book Value Per Share	2.44	2.56	3.07	4.35	4.41
Total Debt	646M	1.34B	1.98B	3.33B	3.66B
Net Debt	308M	828M	1.45B	2.56B	3.29B
Debt Equivalent Oper. Leases	35.91M	46.96M	30.72M	39.67M	31.71M
Minority Interest, Total (Incl. Fin. Div)	553K	103K	2.91M	1.93M	1.91M
Equity Method Investments, Total	-	-	13.89M	51.35M	92.08M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	44.43M	97.78M	160M	94.41M	102M
Inventories - Work In Process, Total	18.99M	22.31M	66.64M	97.26M	133M
Inventories - Finished Goods, Total	66.75M	101M	121M	284M	450M
Buildings, Total	330M	429M	581M	1.06B	2B
Machinery, Total	757M	715M	886M	1.37B	2.42B
Full Time Employees	1K	1.1K	1.39K	1.63K	1.9K
Accumulated Allowance for Doubtful Accounts (Supple)	47.63M	48.18M	54.15M	62.54M	66.14M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	111M	182M	210M	168M	56.07M
Depreciation & Amortization - CF	90.31M	90.59M	118M	185M	252M
Amortization of Goodwill and Intangible Assets - (CF)	1.39M	2.31M	3.87M	3.99M	3.96M
Depreciation & Amortization, Total	91.7M	92.89M	122M	189M	256M
Amortization of Deferred Charges, Total - (CF)	1.01M	1.28M	1.71M	2.09M	1.99M
(Gain) Loss From Sale Of Asset	-23.3K	21.45K	-215K	-8.53M	-8.09M
(Gain) Loss on Sale of Investments - (CF)	-135K	-386K	-130K	5.92M	4.87M
Asset Writedown & Restructuring Costs	18.83M	35.23M	-569K	445K	601K
Provision and Write-off of Bad Debts	-	-	8M	7.41M	4.41M
Other Operating Activities, Total	39.19M	32.57M	37.09M	59.92M	93.76M
Change In Accounts Receivable	-145M	-177M	-169M	-363M	-371M
Change In Inventories	28.5M	-96.34M	-129M	-132M	-218M
Change In Accounts Payable	-32.71M	130M	307M	68.27M	354M
Change In Deferred Taxes	314K	-17.28M	-41.73M	-20.09M	-34.94M
Change in Other Net Operating Assets	-15.97M	10.96M	25.86M	17.31M	2.07M
Cash from Operations	97.34M	193M	371M	-4.32M	142M
Capital Expenditure	-201M	-700M	-887M	-1.4B	-642M
Sale of Property, Plant, and Equipment	26.55K	1.82M	862K	452K	76.5K
Investment in Marketable and Equity Securities, Total	-22M	22M	-14.89M	-45.74M	-44.96M
Other Investing Activities, Total	1.73M	7.14M	5.78M	3.25M	4.43M
Cash from Investing	-221M	-669M	-896M	-1.44B	-683M
Long-Term Debt Issued, Total	858M	1.62B	2.04B	2.95B	1.58B
Total Debt Issued	858M	1.62B	2.04B	2.95B	1.58B
Long-Term Debt Repaid, Total	-958M	-935M	-1.4B	-1.63B	-1.26B
Total Debt Repaid	-958M	-935M	-1.4B	-1.63B	-1.26B
Issuance of Common Stock	299M	40.29M	-	499M	-
Repurchase of Common Stock	-	-	-1.09M	-4.25M	-31.55M
Common Dividends Paid	-36.74M	-52.82M	-91.1M	-136M	-153M
Common & Preferred Stock Dividends Paid	-36.74M	-52.82M	-91.1M	-136M	-153M
Other Financing Activities, Total	-59.69M	-18.32M	-192M	87.81M	76.68M
Cash from Financing	103M	652M	351M	1.77B	215M
Foreign Exchange Rate Adjustments	1.43M	-1.16M	-669K	5.25M	4.26M
Net Change in Cash	-19.3M	174M	-174M	333M	-321M
Supplemental Items
Cash Income Tax Paid (Refund)	57.71M	36.15M	35.67M	-50.68M	16.65M
Levered Free Cash Flow	-206M	-548M	-809M	-1.34B	-652M
Unlevered Free Cash Flow	-180M	-525M	-785M	-1.31B	-603M
Change In Net Working Capital	152M	22.26M	192M	243M	280M
Net Debt Issued / Repaid	-100M	683M	635M	1.33B	323M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.02	3.56	3.72	2.18	0.85
Return on Total Capital	4.98	4.35	4.94	2.74	1.04
Return On Equity %	12.59	15.44	15.14	9.15	2.59
Return on Common Equity	12.61	15.53	15.26	9.22	2.59
Margin Analysis
Gross Profit Margin %	25.57	24.92	26.74	28.91	26.05
SG&A Margin	9.05	8.08	8.53	10.32	11.36
EBITDA Margin %	15.27	15.82	16.25	19.35	17.43
EBITA Margin %	8.97	9.94	11.88	10.67	4.98
EBIT Margin %	8.87	9.79	11.68	10.46	4.78
Income From Continuing Operations Margin %	7.75	11.74	10.5	8.9	2.85
Net Income Margin %	7.76	11.8	10.58	8.95	2.85
Net Avail. For Common Margin %	7.76	11.8	10.58	8.95	2.85
Normalized Net Income Margin	3.8	4.62	6.24	5.12	0.35
Levered Free Cash Flow Margin	-14.4	-35.58	-40.78	-71.58	-33.13
Unlevered Free Cash Flow Margin	-12.59	-34.07	-39.54	-69.68	-30.63
Asset Turnover
Asset Turnover	0.72	0.58	0.51	0.33	0.28
Fixed Assets Turnover	1.7	1.33	1.05	0.6	0.46
Receivables Turnover (Average Receivables)	2.63	2.34	2.66	2.32	2.06
Inventory Turnover (Average Inventory)	7.54	6.75	5.19	3.33	2.62
Short Term Liquidity
Current Ratio	1.31	1.01	1.02	1.18	0.88
Quick Ratio	1.12	0.81	0.75