China XD Plastics Financials

$1.2 B

Revenue FY, 2016

$242.6 M

Mkt cap, 31-Oct-2017
Revenue growth (FY, 2015 - FY, 2016), %20%
Gross profit (FY, 2016)247 M
Gross profit margin (FY, 2016), %21%
Net income (FY, 2016)101.6 M
EBIT (FY, 2016)167.7 M
Closing share price, 31-Oct-20174.9
Cash, 31-Dec-2016168.1 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

1.1 b999.2 m1.2 b

Revenue growth, %

(10%)20%

Cost of goods sold

954.7 m

Gross profit

247 m

Gross profit Margin, %

21%

Sales and marketing expense

1.4 m

R&D expense

48 m

General and administrative expense

30 m

Operating expense total

79.3 m

EBIT

167.7 m

EBIT margin, %

14%

Interest expense

41.4 m

Interest income

5.8 m

Pre tax profit

119 m

Income tax expense

(17.4 m)

Net Income

101.6 m

    Quarterly

    USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

    Revenue

    264.2 m315.7 m221.9 m265.4 m239.1 m215 m277.1 m

    Cost of goods sold

    211.9 m250.4 m173.3 m213.9 m209.8 m180.2 m216.8 m

    Gross profit

    52.3 m65.4 m48.6 m51.5 m29.3 m34.8 m60.3 m

    Gross profit Margin, %

    20%21%22%19%12%16%22%

    Sales and marketing expense

    135.6 k177.3 k296.8 k438 k356.4 k285.1 k382 k

    R&D expense

    13.4 m5.1 m5.8 m6.7 m5.8 m4.9 m5.9 m

    General and administrative expense

    4.6 m5.4 m5 m6.6 m5.8 m5.1 m6.6 m

    Operating expense total

    18 m10.7 m11.1 m13.7 m12 m10.3 m12.9 m

    EBIT

    34.3 m54.7 m37.6 m37.8 m17.4 m24.5 m47.5 m

    EBIT margin, %

    13%17%17%14%7%11%17%

    Interest expense

    11.6 m10.9 m10.6 m11 m10.3 m10.9 m10.6 m

    Interest income

    3.5 m2.1 m2.4 m2.5 m2 m1.6 m1.6 m

    Pre tax profit

    24.7 m47.7 m29.6 m29.9 m9.3 m15.9 m38.6 m

    Income tax expense

    (4.8 m)(4.5 m)(4.2 m)(4.4 m)(3.3 m)(4.5 m)(5.3 m)

    Net Income

    19.8 m43.2 m25.4 m25.5 m6 m11.4 m33.4 m

      Balance Sheet

      Annual

      USDFY, 2016

      Cash

      168.1 m

      Accounts Receivable

      591 m

      Inventories

      280.9 m

      Current Assets

      1.3 b

      PP&E

      806.4 m

      Total Assets

      2.1 b

      Accounts Payable

      320 m

      Current Liabilities

      1 b

      Total Liabilities

      1.4 b

      Additional Paid-in Capital

      82.6 m

      Retained Earnings

      617.2 m

      Total Equity

      634.3 m

      Financial Leverage

      3.4 x

      Quarterly

      USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

      Cash

      132.9 m62.7 m31.2 m52.7 m51.1 m43.1 m58 m

      Accounts Receivable

      191.2 m199.2 m211.8 m246.6 m179.6 m200.5 m

      Inventories

      228 m247.2 m298.9 m287.1 m293.2 m391.5 m422 m

      Current Assets

      960.5 m751.7 m843 m836.3 m905.9 m1 b1.1 b

      PP&E

      240.6 m239.2 m316 m315 m315.1 m807 m810.2 m

      Total Assets

      1.3 b1.2 b1.5 b1.5 b1.6 b1.9 b1.9 b

      Accounts Payable

      130.5 m101.8 m218.7 m191 m221.9 m258.1 m195.3 m

      Short-term debt

      148.5 m148.6 m148.7 m148.8 m148.8 m145.9 m146.2 m

      Current Liabilities

      383.7 m306.4 m433.7 m489.5 m563.5 m850.7 m1 b

      Long-term debt

      148.5 m148.6 m148.7 m148.8 m148.8 m145.9 m146.2 m

      Additional Paid-in Capital

      77.5 m77.7 m81.1 m81.3 m81.5 m82.1 m82.4 m

      Retained Earnings

      352.9 m396 m457.2 m482.7 m488.7 m526.9 m560.3 m

      Total Equity

      442.5 m492.9 m550.9 m575.9 m566.4 m594.6 m609.7 m

      Financial Leverage

      2.9 x2.5 x2.7 x2.6 x2.8 x3.2 x3.2 x

      Cash Flow

      Annual

      USDFY, 2016

      Net Income

      101.6 m

      Depreciation and Amortization

      34.2 m

      Accounts Receivable

      (190.9 m)

      Inventories

      (3.8 m)

      Accounts Payable

      82.1 m

      Cash From Operating Activities

      84.5 m

      Cash From Investing Activities

      (148.6 m)

      Cash From Financing Activities

      121.8 m

      Income Taxes Paid

      19.5 m

      Quarterly

      USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

      Net Income

      19.8 m43.2 m25.4 m25.5 m6 m11.4 m33.4 m

      Accounts Receivable

      191.2 m199.2 m211.8 m246.6 m179.6 m200.5 m

      Inventories

      228 m247.2 m298.9 m287.1 m293.2 m391.5 m422 m

      Accounts Payable

      130.5 m101.8 m218.7 m191 m221.9 m258.1 m195.3 m

      Ratios

      Y, 2016

      Financial Leverage

      3.4 x

      Operating Metrics

      FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

      Patents Issued

      193195207243278315357389438439441

      Polymers' Manufacturing Capacity, tonnes

      390 k392.5 k452.5 k

      Copyright Certificate

      321329339350361369379390402410420

      Products

      321361402

      Polymers' Total Volume Shipped, tonnes

      341.52 k69.36 k84.83 k81.66 k332.14 k76.76 k89.4 k108.63 k361 k85.42 k104.62 k