Income Statement Jiu Rong Holdings Limited

Stocks

2358

KYG5139B1014

Household Electronics

Market Closed - Hong Kong S.E. Other stock markets 04:08:19 2026-07-08 EDT			5-day change	1st Jan Change
0.0120 ^HKD	-7.69%		0.00%	+20.00%

05-27	Jiu Rong disposed 58.97 million SSG shares during 16 October 2025 to 26 May 2026	RE
05-14	Jiu Rong Holdings says court hearing for litigation held on 13 May 2026	RE

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Published financial data: JIU RONG HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2020	2021	2022	2023	2025
Revenues	722M	1.28B	838M	472M	583M
Total Revenues	722M	1.28B	838M	472M	583M
Cost of Goods Sold, Total	596M	1.13B	752M	410M	543M
Gross Profit	126M	153M	86.23M	61.75M	40.54M
Selling General & Admin Expenses, Total	82.56M	88.78M	98.75M	92.22M	84.07M
Stock-Based Compensation (IS)	-	-	-	-	-
Other Operating Expenses	1.37M	41.15M	22.45M	154M	17.66M
Other Operating Expenses, Total	83.93M	130M	121M	246M	102M
Operating Income	42.05M	23.28M	-34.96M	-185M	-61.18M
Interest Expense, Total	-67.07M	-64.51M	-56.88M	-55.09M	-55.87M
Interest And Investment Income	10.91M	8.99M	7.86M	14.91M	24.34M
Net Interest Expenses	-56.16M	-55.52M	-49.03M	-40.18M	-31.53M
Income (Loss) On Equity Invest.	4.82M	7.29M	14.53M	-87.1M	-43.62M
Currency Exchange Gains (Loss)	1.05M	-	4.36M	8.75M	-3.37M
Other Non Operating Income (Expenses)	17.01M	27.78M	12.69M	15.21M	19.55M
EBT, Excl. Unusual Items	8.78M	2.84M	-52.42M	-288M	-120M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	7.23M	-	-31.89M	18.86M	-4.8M
Gain (Loss) On Sale Of Assets	-	1.67M	214K	616K	-9.35M
Asset Writedown	22.29M	30.82M	-	-117M	-80.54M
Other Unusual Items	-	-	-	-	1.02M
EBT, Incl. Unusual Items	38.3M	35.33M	-84.1M	-386M	-214M
Income Tax Expense	15.4M	19.04M	6.05M	-2.67M	-9.65M
Earnings From Continuing Operations	22.9M	16.29M	-90.15M	-383M	-204M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	22.9M	16.29M	-90.15M	-383M	-204M
Net Income - (IS)	22.9M	16.29M	-90.15M	-383M	-204M
Net Income to Common Incl Extra Items	22.9M	16.29M	-90.15M	-383M	-204M
Net Income to Common Excl. Extra Items	22.9M	16.29M	-90.15M	-383M	-204M
Per Share Items
Net EPS - Basic	0	0	-0.02	-0.07	-0.04
Basic EPS - Continuing Operations	0	0	-0.02	-0.07	-0.04
Basic Weighted Average Shares Outstanding	5.47B	5.47B	5.47B	5.47B	5.47B
Net EPS - Diluted	0	0	-0.02	-0.07	-0.04
Diluted EPS - Continuing Operations	0	0	-0.02	-0.07	-0.04
Diluted Weighted Average Shares Outstanding	5.47B	5.47B	5.47B	5.47B	5.47B
Normalized Basic EPS	0	0	-0.01	-0.03	-0.01
Normalized Diluted EPS	0	0	-0.01	-0.03	-0.01
Supplemental Items
EBITDA	92.86M	74.54M	32.02M	-118M	-5.74M
EBITA	42.05M	23.28M	-34.96M	-185M	-61.18M
EBIT	42.05M	23.28M	-34.96M	-185M	-61.18M
EBITDAR	92.91M	74.64M	38.23M	-105M	-1.58M
Effective Tax Rate - (Ratio)	40.2	53.89	-7.19	0.69	4.51
Current Domestic Taxes	6.99M	8.37M	3.1M	854K	-291K
Total Current Taxes	6.99M	8.37M	3.1M	854K	-291K
Deferred Domestic Taxes	8.4M	10.67M	2.96M	-3.52M	-9.36M
Total Deferred Taxes	8.4M	10.67M	2.96M	-3.52M	-9.36M
Normalized Net Income	5.48M	1.78M	-32.76M	-180M	-75.1M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	1.7M	815K	718K	1.07M	2.09M
Supplemental Operating Expense Items
Selling and Marketing Expenses	20.55M	29.63M	36.56M	48.86M	36.84M
General and Administrative Expenses	62M	59.15M	62.19M	43.35M	47.23M
Net Rental Expense, Total	47K	92K	6.21M	13.05M	7.03M
Imputed Operating Lease Interest Expense	53.06K	67.86K	3.64M	7.62M	-
Imputed Operating Lease Depreciation	-6.06K	24.14K	2.58M	5.43M	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: June	2020	2021	2022	2023	2025
Assets
Cash And Equivalents	351M	135M	95.97M	4.25M	2.97M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	22.37M	138M	97.12M	17.1M	8.6M
Total Cash And Short Term Investments	373M	273M	193M	21.35M	11.57M
Accounts Receivable, Total	443M	732M	606M	450M	318M
Other Receivables	22.51M	16.8M	45.06M	8.28M	235M
Notes Receivable	-	-	-	61.07M	38.18M
Total Receivables	466M	748M	651M	520M	592M
Inventory	107M	124M	104M	104M	91.57M
Prepaid Expenses	233M	144M	199M	1.24M	8.81M
Other Current Assets, Total	3.04M	3.6M	57.31M	208M	93.48M
Total Current Assets	1.18B	1.29B	1.2B	854M	797M
Gross Property Plant And Equipment	649M	788M	778M	771M	704M
Accumulated Depreciation	-159M	-171M	-214M	-357M	-388M
Net Property Plant And Equipment	490M	618M	564M	414M	316M
Long-term Investments	202M	222M	328M	231M	152M
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	119K	119K	119K	119K	119K
Other Long-Term Assets, Total	790M	849M	859M	736M	611M
Total Assets	2.66B	2.98B	2.96B	2.24B	1.88B
Liabilities
Accounts Payable, Total	1.2B	1.22B	1.4B	1.22B	652M
Accrued Expenses, Total	10.06M	7M	10.62M	10.87M	42.58M
Short-term Borrowings	233M	345M	-	-	-
Current Portion of Long-Term Debt	-	-	337M	329M	627M
Current Portion of Leases	1.62M	1.91M	2.53M	3.89M	4.1M
Current Income Taxes Payable	3.47M	10.83M	5.13M	409K	-
Unearned Revenue Current, Total	11.53M	205M	65.71M	59.93M	74.44M
Other Current Liabilities	82.15M	48.59M	44.04M	51.71M	421M
Total Current Liabilities	1.54B	1.84B	1.87B	1.68B	1.82B
Long-Term Debt	424M	384M	469M	346M	201M
Long-Term Leases	5.78M	4.06M	11.42M	10.84M	9.42M
Unearned Revenue Non Current	51.83M	61.4M	46.88M	35.98M	13.59M
Deferred Tax Liability Non Current	78.88M	92.32M	88.17M	82.11M	67.8M
Total Liabilities	2.1B	2.38B	2.48B	2.15B	2.11B
Common Stock, Total	547M	547M	547M	547M	547M
Additional Paid In Capital	185M	185M	185M	185M	185M
Retained Earnings	-189M	-173M	-263M	-647M	-953M
Comprehensive Income and Other	19.59M	40.86M	6.63M	-2.69M	-15.79M
Total Common Equity	562M	600M	476M	82.94M	-236M
Total Equity	562M	600M	476M	82.94M	-236M
Total Liabilities And Equity	2.66B	2.98B	2.96B	2.24B	1.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.47B	5.47B	5.47B	5.47B	5.47B
ECS Total Common Shares Outstanding	5.47B	5.47B	5.47B	5.47B	5.47B
Book Value / Share	0.1	0.11	0.09	0.02	-0.04
Tangible Book Value	562M	600M	476M	82.94M	-236M
Tangible Book Value Per Share	0.1	0.11	0.09	0.02	-0.04
Total Debt	664M	735M	820M	690M	841M
Net Debt	291M	462M	627M	669M	830M
Debt Equivalent Oper. Leases	376K	736K	49.7M	104M	-
Equity Method Investments, Total	170M	182M	291M	197M	129M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	19.92M	15.65M	13.68M	16.35M	6.91M
Inventories - Work In Process, Total	79K	181K	73K	72K	90K
Inventories - Finished Goods, Total	87.4M	108M	89.88M	87.28M	84.57M
Machinery, Total	578M	743M	742M	729M	659M
Full Time Employees	378	394	479	395	248
Accumulated Allowance for Doubtful Accounts (Supple)	1.11M	1.19M	957K	98.66M	108M

Fiscal Period: June	2020	2021	2022	2023	2025
Net Income	22.9M	16.29M	-90.15M	-383M	-204M
Depreciation & Amortization - CF	53.36M	53.08M	69.21M	69.43M	59.58M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	53.36M	53.08M	69.21M	69.43M	59.58M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	2.53M	-1.67M	-214K	-616K	9.35M
(Gain) Loss on Sale of Investments - (CF)	-6M	12.11M	31.89M	-18.86M	4.8M
Asset Writedown & Restructuring Costs	-22.29M	-15.76M	3.75M	118M	90.79M
(Income) Loss On Equity Investments - (CF)	-4.82M	-7.29M	-14.53M	87.1M	43.62M
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-4.73M	-48K	21.38M	153M	16.82M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	65.73M	52.66M	34.87M	17.88M	10.22M
Change In Accounts Receivable	-55.45M	-269M	57.27M	95.7M	42.68M
Change In Inventories	-20.86M	-13.47M	11.54M	-2.98M	7.71M
Change In Accounts Payable	272M	-17.69M	135M	-136M	-409M
Change in Unearned Revenues	-251M	188M	18.68M	-3.96M	7.01M
Change in Other Net Operating Assets	-124M	61.42M	-198M	3.14M	109M
Cash from Operations	-72.3M	58.4M	80.56M	-1.16M	-211M
Capital Expenditure	-94.98M	-190M	-55.45M	-23.46M	-14.34M
Sale of Property, Plant, and Equipment	-	13.82M	74K	948K	11.25M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	148M
Sale (Purchase) of Real Estate properties	-2.34M	-1.5M	-	-	-
Investment in Marketable and Equity Securities, Total	2.19M	-125M	-113M	96.79M	2.31M
Other Investing Activities, Total	52.92M	39.4M	-20.72M	2.91M	-7.5M
Cash from Investing	-42.2M	-263M	-189M	77.19M	140M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	677M	256M	585M	167M	626M
Total Debt Issued	677M	256M	585M	167M	417M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-296M	-209M	-454M	-279M	-479M
Total Debt Repaid	-296M	-209M	-454M	-279M	-319M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-43.67M	-63.92M	-52.75M	-54.02M	-27.54M
Cash from Financing	338M	-16.9M	77.96M	-167M	70.82M
Foreign Exchange Rate Adjustments	18.19M	6.28M	-8.57M	-1.13M	22K
Net Change in Cash	241M	-215M	-39.2M	-91.72M	-851K
Supplemental Items
Cash Interest Paid	43.67M	63.92M	52.75M	54.02M	27.54M
Cash Income Tax Paid (Refund)	3.16M	1M	8.8M	5.57M	-368K
Levered Free Cash Flow	582K	-188M	-2.15M	-106M	-
Unlevered Free Cash Flow	42.5M	-147M	33.4M	-71.53M	-
Change In Net Working Capital	-57.83M	25M	-41.49M	2.04M	-
Net Debt Issued / Repaid	381M	47.02M	131M	-113M	98.36M

Fiscal Period: June	2020	2021	2022	2023	2025
Profitability
Return on Assets	1.11	0.52	-0.74	-4.45	-
Return on Total Capital	2.59	1.14	-1.66	-11.17	-
Return On Equity %	4.23	2.8	-16.76	-137.26	-
Return on Common Equity	4.23	2.8	-16.76	-137.26	-
Margin Analysis
Gross Profit Margin %	17.44	11.95	10.29	13.09	6.95
SG&A Margin	11.43	6.92	11.79	19.55	14.41
EBITDA Margin %	12.86	5.81	3.82	-25.11	-0.98
EBITA Margin %	5.82	1.82	-4.17	-39.16	-10.49
EBIT Margin %	5.82	1.82	-4.17	-39.16	-10.49
Income From Continuing Operations Margin %	3.17	1.27	-10.76	-81.24	-34.99
Net Income Margin %	3.17	1.27	-10.76	-81.24	-34.99
Net Avail. For Common Margin %	3.17	1.27	-10.76	-81.24	-34.99
Normalized Net Income Margin	0.76	0.14	-3.91	-38.16	-12.87
Levered Free Cash Flow Margin	0.08	-14.63	-0.26	-22.46	-
Unlevered Free Cash Flow Margin	5.88	-11.49	3.99	-15.16	-
Asset Turnover
Asset Turnover	0.31	0.45	0.28	0.18	-
Fixed Assets Turnover	1.59	2.32	1.42	0.96	-
Receivables Turnover (Average Receivables)	1.7	2.18	1.25	0.89	-
Inventory Turnover (Average Inventory)	3.62	9.78	6.62	3.96	-
Short Term Liquidity
Current Ratio	0.77	0.7	0.65	0.51	0.44
Quick Ratio	0.54	0.56	0.45	0.29	0.31
Operating Cash Flow to Current Liabilities	-0.05	0.03	0.04	-0	-0.12
Days Sales Outstanding (Average Receivables)	215.66	167.17	291.43	408.78	-
Days Outstanding Inventory (Average Inventory)	101.21	37.32	55.16	92.29	-
Average Days Payable Outstanding	782.74	385.69	653.77	1.17K	-
Cash Conversion Cycle (Average Days)	-465.87	-181.2	-307.18	-665.79	-
Long Term Solvency
Total Debt/Equity	118.16	122.47	172.39	831.97	-355.82
Total Debt / Total Capital	54.16	55.05	63.29	89.27	139.09
LT Debt/Equity	76.37	64.63	100.93	430.09	-88.8
Long-Term Debt / Total Capital	35.01	29.05	37.06	46.15	34.71
Total Liabilities / Total Assets	78.89	79.87	83.91	96.29	112.6
EBIT / Interest Expense	0.63	0.36	-0.61	-3.35	-1.1
EBITDA / Interest Expense	1.42	1.18	0.6	-2.09	-0.03
(EBITDA - Capex) / Interest Expense	0.01	-1.76	-0.37	-2.52	-0.29
Total Debt / EBITDA	6.96	9.62	23.94	-5.98	-525.12
Net Debt / EBITDA	3.05	6.05	18.3	-5.8	-517.9
Total Debt / (EBITDA - Capex)	1.52K	-6.47	-38.67	-4.97	-52.77
Net Debt / (EBITDA - Capex)	665.47	-4.07	-29.56	-4.82	-52.05
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.65	77.57	-34.66	-43.69	-
Gross Profit, 1 Yr. Growth %	17.27	21.61	-43.72	-28.39	-
EBITDA, 1 Yr. Growth %	66.04	-19.73	-63.05	-470.08	-
EBITA, 1 Yr. Growth %	244.53	-44.64	-198.79	428.38	-
EBIT, 1 Yr. Growth %	244.53	-44.64	-198.79	428.38	-
Earnings From Cont. Operations, 1 Yr. Growth %	-12.72	-28.87	-653.38	325.17	-
Net Income, 1 Yr. Growth %	-12.72	-28.87	-653.38	325.17	-
Normalized Net Income, 1 Yr. Growth %	-1.91K	-67.61	-450.54	449.49	-
Diluted EPS Before Extra, 1 Yr. Growth %	-12.72	-28.86	-654.25	324.52	-
Accounts Receivable, 1 Yr. Growth %	8.59	65.12	-17.11	-25.74	-
Inventory, 1 Yr. Growth %	-51.7	15.04	-16.11	0.07	-
Net Property, Plant and Equip., 1 Yr. Growth %	16.85	26.11	-8.6	-26.67	-
Total Assets, 1 Yr. Growth %	29.94	11.87	-0.82	-24.37	-
Tangible Book Value, 1 Yr. Growth %	8.15	6.68	-20.73	-82.56	-
Common Equity, 1 Yr. Growth %	8.15	6.68	-20.73	-82.56	-
Cash From Operations, 1 Yr. Growth %	-110.82	-180.77	52.71	-101.43	-
Capital Expenditures, 1 Yr. Growth %	-20.81	100.02	-70.81	-57.7	-
Levered Free Cash Flow, 1 Yr. Growth %	-99.93	-32.36K	-98.8	4.82K	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-94.79	-446.68	-123.9	-314.18	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.3	45.15	7.71	-39.35	-
Gross Profit, 2 Yr. CAGR %	1.15	19.42	-17.27	-36.51	-
EBITDA, 2 Yr. CAGR %	-0.31	15.45	-41.28	16.93	-
EBITA, 2 Yr. CAGR %	-14.61	38.11	-8.82	128.47	-
EBIT, 2 Yr. CAGR %	-14.61	38.11	-8.82	128.47	-
Earnings From Cont. Operations, 2 Yr. CAGR %	-34.99	-21.21	98.39	385.06	-
Net Income, 2 Yr. CAGR %	-34.99	-21.21	98.39	385.06	-
Normalized Net Income, 2 Yr. CAGR %	-59.7	142.07	144.42	338.88	-
Diluted EPS Before Extra, 2 Yr. CAGR %	-34.98	-21.21	98.56	385.07	-
Accounts Receivable, 2 Yr. CAGR %	34.34	33.91	16.99	-21.55	-
Inventory, 2 Yr. CAGR %	-45.94	-25.46	-1.77	-8.38	-
Net Property, Plant and Equip., 2 Yr. CAGR %	19.26	21.39	7.36	-18.13	-
Total Assets, 2 Yr. CAGR %	21.19	20.56	5.33	-13.39	-
Tangible Book Value, 2 Yr. CAGR %	8.83	7.41	-8.04	-62.82	-
Common Equity, 2 Yr. CAGR %	8.83	7.41	-8.04	-62.82	-
Cash From Operations, 2 Yr. CAGR %	-33.54	-70.44	5.56	-85.2	-
Capital Expenditures, 2 Yr. CAGR %	-8.85	25.86	-23.59	-64.86	-
Levered Free Cash Flow, 2 Yr. CAGR %	-95.35	-51.39	92.45	-23.29	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-60.98	-57.5	-11.35	-28.46	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	37.16	33.15	11.24	-13.23	-
Gross Profit, 3 Yr. CAGR %	15.69	7.56	-7.06	-21.15	-
EBITDA, 3 Yr. CAGR %	32.44	-7.25	-16.97	8.46	-
EBITA, 3 Yr. CAGR %	36.03	-26.1	42.02	63.78	-
EBIT, 3 Yr. CAGR %	36.03	-26.1	42.02	63.78	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-10.21	-33.01	50.89	155.78	-
Net Income, 3 Yr. CAGR %	-10.21	-33.01	50.89	155.78	-
Normalized Net Income, 3 Yr. CAGR %	-23.77	-62.53	376.35	220.19	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.25	-33	50.97	155.8	-
Accounts Receivable, 3 Yr. CAGR %	55.96	43.9	14.12	0.54	-
Inventory, 3 Yr. CAGR %	-43.54	-30.46	-22.47	-1.16	-
Net Property, Plant and Equip., 3 Yr. CAGR %	18.55	21.5	10.44	-5.45	-
Total Assets, 3 Yr. CAGR %	21.83	18	12.97	-5.68	-
Tangible Book Value, 3 Yr. CAGR %	8.74	8.11	-2.93	-47.17	-
Common Equity, 3 Yr. CAGR %	8.74	8.11	-2.93	-47.17	-
Cash From Operations, 3 Yr. CAGR %	-40.98	-29.07	-50.6	-74.81	-
Capital Expenditures, 3 Yr. CAGR %	-30.44	18.45	-22.68	-37.26	-
Levered Free Cash Flow, 3 Yr. CAGR %	-91.47	-11.35	-86.05	466.86	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-64.25	-19.18	-65.53	18.95	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	26.16	55.89	24.52	-2.78	-
Gross Profit, 5 Yr. CAGR %	40.69	55.91	1.17	-12.89	-
EBITDA, 5 Yr. CAGR %	21.33	18.13	-4.34	4.87	-
EBITA, 5 Yr. CAGR %	3.05	-6.87	15.91	26.21	-
EBIT, 5 Yr. CAGR %	2.15	-8.06	15.91	26.21	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.47	-14.34	23.29	47.88	-
Net Income, 5 Yr. CAGR %	-10.06	-14.34	23.29	47.88	-
Normalized Net Income, 5 Yr. CAGR %	-24.46	-38.69	21.49	39.76	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-13.05	-19.12	22.48	47.89	-
Accounts Receivable, 5 Yr. CAGR %	27.66	55.16	39.01	12.9	-
Inventory, 5 Yr. CAGR %	37.06	54.54	-29.54	-22.35	-
Net Property, Plant and Equip., 5 Yr. CAGR %	176.52	103.63	13.94	3.75	-
Total Assets, 5 Yr. CAGR %	62.44	63.86	14.94	4.27	-
Tangible Book Value, 5 Yr. CAGR %	35.8	25.27	1.69	-29.46	-
Common Equity, 5 Yr. CAGR %	31.89	25.27	1.69	-29.46	-
Cash From Operations, 5 Yr. CAGR %	51.47	66.46	-25.53	-62.86	-
Capital Expenditures, 5 Yr. CAGR %	279.92	60.35	-27.78	-27.15	-
Levered Free Cash Flow, 5 Yr. CAGR %	-46.66	49.88	-70.33	-17.02	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.47	42.8	-48.59	-23.84	-