Balance Sheet Yongtaiyun Chemical Logistics Co.,Ltd

Equities

001228

CNE100005CX2

Marine Freight & Logistics

End-of-day quote Shenzhen S.E. Other stock markets 2024-09-20			5-day change	1st Jan Change
17.42 ^CNY	+2.65%		+2.35%	-45.25%

08-29	Huilong Petrochemical Co., Ltd. completed the acquisition of remaining 51% stake in Zhejiang Haotai Chemical Co., Ltd. from Yongtaiyun Chemical Logistics Co.,Ltd.	CI
08-27	Yongtaiyun Chemical Logistics Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2024	CI

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Published financial data: YONGTAIYUN CHEMICAL LOGISTICS CO.,LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	823M	949M	2.14B	3.01B	2.19B
Other Revenues, Total	3.29M	3.53M	4.33M	4.24M	6.05M
Total Revenues	827M	952M	2.14B	3.01B	2.2B
Cost of Goods Sold, Total	681M	782M	1.79B	2.5B	1.86B
Gross Profit	145M	171M	351M	512M	334M
Selling General & Admin Expenses, Total	55.01M	58.65M	92.43M	133M	141M
Provision for Bad Debts	2.23M	1.37M	20.08M	3.3M	3.92M
R&D Expenses	1.84M	1.81M	2.71M	4.01M	6.85M
Other Operating Expenses	-3.56M	-6.92M	2.17M	5.57M	8.77M
Other Operating Expenses, Total	55.51M	54.92M	117M	146M	160M
Operating Income	89.9M	116M	233M	366M	174M
Interest Expense, Total	-8.1M	-7.83M	-7.61M	-5.26M	-17.52M
Interest And Investment Income	757K	858K	2.08M	10.23M	15.25M
Net Interest Expenses	-7.35M	-6.97M	-5.53M	4.97M	-2.28M
Currency Exchange Gains (Loss)	1.11M	-6.38M	-2.42M	32.65M	10.19M
Other Non Operating Income (Expenses)	-1.06M	-681K	-562K	-787K	-869K
EBT, Excl. Unusual Items	82.61M	102M	225M	403M	181M
Impairment of Goodwill	-645K	-627K	-558K	-580K	-3.35M
Gain (Loss) On Sale Of Investments	-792K	-	-	-	254K
Gain (Loss) On Sale Of Assets	4.02K	-515K	186K	-17.58K	5.24M
Asset Writedown	-42.52K	-1.73M	-415	-14.98K	58.86K
Other Unusual Items	-	40K	11.09M	15.3M	32.2M
EBT, Incl. Unusual Items	81.13M	98.82M	235M	417M	215M
Income Tax Expense	18.67M	25.16M	60.36M	111M	62.98M
Earnings From Continuing Operations	62.46M	73.66M	175M	307M	152M
Net Income to Company	62.46M	73.66M	175M	307M	152M
Minority Interest	1.09M	549K	-7.45M	-12.5M	-2.52M
Net Income - (IS)	63.55M	74.21M	168M	294M	150M
Net Income to Common Incl Extra Items	63.55M	74.21M	168M	294M	150M
Net Income to Common Excl. Extra Items	63.55M	74.21M	168M	294M	150M
Per Share Items
Net EPS - Basic	0.88	0.95	2.15	3.09	1.44
Basic EPS - Continuing Operations	0.88	0.95	2.15	3.09	1.44
Basic Weighted Average Shares Outstanding	72.17M	77.89M	77.93M	95.18M	104M
Net EPS - Diluted	0.88	0.95	2.15	3.09	1.44
Diluted EPS - Continuing Operations	0.88	0.95	2.15	3.09	1.44
Diluted Weighted Average Shares Outstanding	72.17M	77.89M	77.93M	95.18M	104M
Normalized Basic EPS	0.73	0.82	1.71	2.51	1.06
Normalized Diluted EPS	0.73	0.82	1.71	2.51	1.06
Dividend Per Share	-	-	-	0.6	0.6
Payout Ratio	13.18	9.52	3.53	12.03	24.34
Supplemental Items
EBITDA	109M	138M	258M	396M	227M
EBITA	93.52M	120M	239M	371M	183M
EBIT	89.9M	116M	233M	366M	174M
EBITDAR	113M	142M	259M	401M	237M
Total Revenues (As Reported)	-	-	2.14B	3.01B	2.2B
Effective Tax Rate - (Ratio)	23.01	25.46	25.65	26.53	29.23
Total Current Taxes	21.87M	27.96M	64.75M	108M	47.85M
Total Deferred Taxes	-3.2M	-2.8M	-4.4M	2.43M	15.12M
Normalized Net Income	52.72M	64.09M	133M	239M	111M
Interest on Long-Term Debt	-	-	512K	876K	-
Supplemental Operating Expense Items
Advertising Expense	97.81K	21.51K	90K	14.9K	82.78K
Selling and Marketing Expenses	17.6M	19.54M	35.65M	57.15M	49.09M
General and Administrative Expenses	37.01M	38.96M	56.78M	75.97M	91.75M
Research And Development Expense From Footnotes	1.84M	1.81M	2.71M	4.01M	6.85M
Net Rental Expense, Total	3.83M	4.38M	1.57M	5.74M	10.08M
Imputed Operating Lease Interest Expense	1.7M	1.72M	560K	1.55M	4.75M
Imputed Operating Lease Depreciation	2.13M	2.65M	1.01M	4.19M	5.33M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	127M	92.67M	222M	713M	1.11B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	50M	125M
Total Cash And Short Term Investments	127M	92.67M	222M	763M	1.23B
Accounts Receivable, Total	191M	226M	488M	420M	513M
Other Receivables	12.47M	12.99M	14.32M	30.49M	29.67M
Total Receivables	204M	239M	502M	451M	543M
Inventory	1.52M	2.11M	10.85M	5.01M	179M
Prepaid Expenses	3.24K	-	-	-	-
Other Current Assets, Total	14.63M	18.23M	17.82M	78.33M	434M
Total Current Assets	347M	352M	753M	1.3B	2.39B
Gross Property Plant And Equipment	211M	271M	307M	516M	851M
Accumulated Depreciation	-59.89M	-73.11M	-93.78M	-157M	-260M
Net Property Plant And Equipment	152M	198M	213M	360M	591M
Long-term Investments	2.26M	2.3M	3.36M	44.98M	173M
Goodwill	141M	141M	140M	155M	224M
Other Intangibles, Total	134M	167M	169M	287M	383M
Accounts Receivable Long-Term	7.64M	2.37M	-	-	13.09M
Deferred Tax Assets Long-Term	6.24M	8.35M	12.12M	9.05M	28.71M
Deferred Charges Long-Term	1.3M	847K	1.35M	1.9M	4.6M
Other Long-Term Assets, Total	28.7M	32.57M	25.78M	33.35M	112M
Total Assets	819M	903M	1.32B	2.19B	3.92B
Liabilities
Accounts Payable, Total	101M	119M	293M	188M	1.25B
Accrued Expenses, Total	13.47M	17.13M	27.95M	42.22M	39.69M
Short-term Borrowings	161M	151M	176M	105M	343M
Current Portion of Long-Term Debt	2.42M	1.42M	-	-	-
Current Portion of Leases	-	-	3.84M	4.48M	8.5M
Current Income Taxes Payable	10.08M	6.54M	20.34M	24.22M	15.68M
Unearned Revenue Current, Total	925K	894K	5.55M	6.96M	112M
Other Current Liabilities	5.51M	10.35M	12.76M	39.16M	87.96M
Total Current Liabilities	294M	307M	539M	410M	1.86B
Long-Term Debt	1.42M	-	-	-	65.26M
Long-Term Leases	-	-	8.93M	12.7M	56.2M
Deferred Tax Liability Non Current	16.48M	15.78M	15.16M	24.03M	59.35M
Total Liabilities	312M	323M	563M	447M	2.04B
Common Stock, Total	77.89M	77.89M	77.89M	104M	104M
Additional Paid In Capital	281M	281M	281M	916M	916M
Retained Earnings	110M	184M	352M	615M	733M
Comprehensive Income and Other	-	-	-	-	970K
Total Common Equity	469M	543M	711M	1.63B	1.75B
Minority Interest	38.39M	37.84M	44.65M	107M	125M
Total Equity	507M	581M	755M	1.74B	1.88B
Total Liabilities And Equity	819M	903M	1.32B	2.19B	3.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	77.89M	77.89M	77.34M	104M	102M
ECS Total Common Shares Outstanding	77.89M	77.89M	77.34M	104M	104M
Book Value / Share	6.02	6.97	9.19	15.74	16.89
Tangible Book Value	194M	235M	402M	1.19B	1.15B
Tangible Book Value Per Share	2.49	3.02	5.19	11.48	11.04
Total Debt	165M	153M	189M	122M	472M
Net Debt	37.9M	60.04M	-33.65M	-641M	-760M
Debt Equivalent Oper. Leases	30.63M	35.01M	12.56M	45.92M	80.67M
Minority Interest, Total (Incl. Fin. Div)	38.39M	37.84M	44.65M	107M	125M
Equity Method Investments, Total	2.26M	2.3M	3.36M	44.98M	87.08M
Account Code - Inventory Valuation	6	6	-	6	6
Inventories - Raw Materials, Total	236K	224K	470K	3.21M	5.61M
Inventories - Work In Process, Total	1.28M	1.89M	10.38M	1.65M	1.45M
Inventories - Finished Goods, Total	-	-	-	144K	171M
Inventories - Others	-	-	-	-	845K
Buildings, Total	145M	200M	203M	372M	479M
Machinery, Total	65.81M	68.5M	78.85M	109M	248M
Full Time Employees	-	-	-	832	1.24K
Accumulated Allowance for Doubtful Accounts (Supple)	9.89M	11.87M	29.26M	27.44M	31.24M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	63.55M	74.21M	168M	294M	150M
Depreciation & Amortization - CF	15.64M	17.92M	23.01M	31.28M	53.99M
Amortization of Goodwill and Intangible Assets - (CF)	3.63M	4.48M	5.47M	5.46M	9.29M
Depreciation & Amortization, Total	19.27M	22.4M	28.47M	36.74M	63.28M
Amortization of Deferred Charges, Total - (CF)	671K	777K	507K	1.08M	2.17M
(Gain) Loss From Sale Of Asset	-4.02K	515K	-186K	17.58K	-5.24M
(Gain) Loss on Sale of Investments - (CF)	792K	-29.36K	-1.07M	-6.68M	-5.74M
Asset Writedown & Restructuring Costs	687K	2.36M	558K	595K	3.29M
Provision and Write-off of Bad Debts	2.23M	1.37M	20.08M	3.3M	3.92M
Other Operating Activities, Total	5.27M	13.12M	17.21M	-14.95M	9.5M
Change In Accounts Receivable	-80.66M	-34.49M	-277M	32.03M	-719M
Change In Inventories	-355K	-599K	-8.73M	5.84M	-174M
Change In Accounts Payable	14.72M	27.06M	203M	-89.26M	1.07B
Change In Deferred Taxes	-3.2M	-2.8M	-4.4M	2.43M	15.12M
Change in Other Net Operating Assets	1.51M	-	-	-	970K
Cash from Operations	24.48M	104M	146M	265M	411M
Capital Expenditure	-43.87M	-113M	-23.79M	-59.5M	-266M
Sale of Property, Plant, and Equipment	33.93K	800K	318K	410K	26.57M
Cash Acquisitions	-14.18M	-	-	-231M	-219M
Investment in Marketable and Equity Securities, Total	-3M	-	-	-100M	-190M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	2.66M
Other Investing Activities, Total	5.46K	-	-	16.93M	2M
Cash from Investing	-61.02M	-112M	-23.47M	-374M	-643M
Short Term Debt Issued, Total	171M	158M	194M	260M	-
Long-Term Debt Issued, Total	-	-	-	-	644M
Total Debt Issued	171M	158M	194M	260M	644M
Short Term Debt Repaid, Total	-137M	-168M	-169M	-336M	-
Long-Term Debt Repaid, Total	-	-	-5.19M	-17.66M	-368M
Total Debt Repaid	-137M	-168M	-174M	-354M	-368M
Issuance of Common Stock	69M	-	-	717M	-
Common Dividends Paid	-8.37M	-7.07M	-5.92M	-35.39M	-36.5M
Common & Preferred Stock Dividends Paid	-8.37M	-7.07M	-5.92M	-35.39M	-36.5M
Other Financing Activities, Total	27.37M	-12.68M	5.86M	-423K	6.23M
Cash from Financing	122M	-29.66M	20.02M	587M	245M
Foreign Exchange Rate Adjustments	1.36M	-6.5M	-2.8M	11.82M	10.19M
Net Change in Cash	86.71M	-44.77M	139M	491M	23.41M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	28.79M	35.15M	58.27M	114M	80.04M
Levered Free Cash Flow	-54.91M	-38.41M	79.13M	142M	484M
Unlevered Free Cash Flow	-49.85M	-33.51M	83.89M	145M	495M
Change In Net Working Capital	82.1M	15.71M	67.02M	61.56M	-586M
Net Debt Issued / Repaid	33.9M	-9.91M	20.08M	-94.25M	276M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.62	8.39	13.12	13.04	3.56
Return on Total Capital	9.8	10.29	17.37	16.29	5.16
Return On Equity %	14.62	13.54	26.2	24.56	8.43
Return on Common Equity	16.19	14.67	26.73	25.08	8.85
Margin Analysis
Gross Profit Margin %	17.59	17.92	16.34	16.99	15.21
SG&A Margin	6.65	6.16	4.31	4.42	6.4
EBITDA Margin %	13.21	14.5	12.03	13.14	10.33
EBITA Margin %	11.32	12.62	11.13	12.33	8.34
EBIT Margin %	10.88	12.15	10.87	12.15	7.91
Income From Continuing Operations Margin %	7.56	7.73	8.16	10.18	6.93
Net Income Margin %	7.69	7.79	7.81	9.77	6.82
Net Avail. For Common Margin %	7.69	7.79	7.81	9.77	6.82
Normalized Net Income Margin	6.38	6.73	6.2	7.94	5.03
Levered Free Cash Flow Margin	-6.64	-4.03	3.69	4.72	21.99
Unlevered Free Cash Flow Margin	-6.03	-3.52	3.91	4.83	22.49
Asset Turnover
Asset Turnover	1.12	1.11	1.93	1.72	0.72
Fixed Assets Turnover	5.4	5.46	10.44	10.52	4.63
Receivables Turnover (Average Receivables)	4.96	4.55	6	6.62	4.7
Inventory Turnover (Average Inventory)	509.12	430.68	276.78	315.38	20.26
Short Term Liquidity
Current Ratio	1.18	1.15	1.4	3.16	1.28
Quick Ratio	1.12	1.08	1.34	2.96	0.96
Operating Cash Flow to Current Liabilities	0.08	0.34	0.27	0.65	0.22
Days Sales Outstanding (Average Receivables)	73.56	80.38	60.86	55.12	77.66
Days Outstanding Inventory (Average Inventory)	0.72	0.85	1.32	1.16	18.01
Average Days Payable Outstanding	58.36	51.43	41.69	35.18	129.01
Cash Conversion Cycle (Average Days)	15.92	29.79	20.48	21.09	-33.34
Long Term Solvency
Total Debt/Equity	32.56	26.29	25	7.02	25.15
Total Debt / Total Capital	24.56	20.82	20	6.56	20.1
LT Debt/Equity	0.28	-	1.18	0.73	6.47
Long-Term Debt / Total Capital	0.21	-	0.95	0.68	5.17
Total Liabilities / Total Assets	38.1	35.71	42.72	20.43	52.06
EBIT / Interest Expense	11.1	14.78	30.64	69.55	9.93
EBITDA / Interest Expense	13.47	17.64	34.38	76.54	13.54
(EBITDA - Capex) / Interest Expense	8.06	3.17	31.25	65.22	-1.61
Total Debt / EBITDA	1.51	1.11	0.72	0.3	1.99
Net Debt / EBITDA	0.35	0.43	-0.13	-1.59	-3.2
Total Debt / (EBITDA - Capex)	2.53	6.16	0.79	0.36	-16.71