Zhuzhou CRRC Times Electric Revenue
Zhuzhou CRRC Times Electric revenue was ¥15.12 b in FY, 2021
Summary - Funding Rounds
Founding Date | 1959 |
Zhuzhou CRRC Times Electric Revenue Breakdown
Zhuzhou CRRC Times Electric revenue breakdown by business segment: 81.0% from Rail Transit Equipment Business, 17.0% from Emerging Equipment Business and 2.0% from Other
Zhuzhou CRRC Times Electric revenue breakdown by geographic segment: 95.5% from Mainland China and 4.5% from Other
Zhuzhou CRRC Times Electric Income Statement
Annual
| CNY | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Revenue | 16.3b | 16.0b | 15.1b |
Cost of goods sold | 10.0b | 10.1b | 10.0b |
Gross profit | 6.3b | 6.0b | 5.1b |
Gross profit Margin, % | 39% | 37% | 34% |
Sales and marketing expense | 1.1b | 1.1b | 1.1b |
R&D expense | 1.6b | 1.7b | 1.7b |
General and administrative expense | 849.9m | 760.7m | 813.0m |
Operating expense total | 3.6b | 3.6b | 3.6b |
EBIT | 2.9b | 2.8b | 2.1b |
EBIT margin, % | 18% | 17% | 14% |
Interest expense | 25.5m | 16.0m | 21.1m |
Interest income | 28.7m | 42.5m | 95.5m |
Investment income | 95.0m | 43.2m | 33.6m |
Pre tax profit | 2.9b | 2.8b | 2.1b |
Income tax expense | 275.1m | 340.4m | 88.5m |
Net Income | 2.7b | 2.5b | 2.0b |
EPS | 2.3 | 2.1 | 1.6 |
Half Year
| CNY | H1, 2020 | H1, 2021 |
|---|---|---|
Revenue | 5.6b | 5.3b |
Cost of goods sold | 3.4b | 3.3b |
Gross profit | 2.1b | 2.0b |
Gross profit Margin, % | 39% | 38% |
Sales and marketing expense | 360.3m | 405.7m |
R&D expense | 605.2m | 640.9m |
General and administrative expense | 272.5m | 288.9m |
Operating expense total | 1.2b | 1.3b |
EBIT | 815.3m | 793.1m |
EBIT margin, % | 15% | 15% |
Interest expense | 7.3m | 6.0m |
Interest income | 19.6m | 28.1m |
Investment income | 55.9m | 31.6m |
Pre tax profit | 842.5m | 801.3m |
Income tax expense | 157.7m | 98.3m |
Net Income | 684.8m | 703.0m |
EPS | 0.6 | 0.6 |
Zhuzhou CRRC Times Electric Balance Sheet
Annual
| CNY | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Cash | 4.3b | 5.1b | 8.2b |
Accounts Receivable | 7.4b | 7.9b | 6.5b |
Prepaid Expenses | 325.4m | 358.9m | 344.5m |
Inventories | 3.8b | 4.3b | 4.9b |
Current Assets | 26.8b | 26.4b | 34.6b |
PP&E | 3.0b | 2.8b | 4.0b |
Goodwill | 417.1m | 246.9m | 191.1m |
Total Assets | 33.0b | 33.9b | 44.2b |
Accounts Payable | 4.4b | 3.6b | 4.7b |
Short-term debt | 538.3m | 795.0m | 818.2m |
Current Liabilities | 9.4b | 7.9b | 9.2b |
Long-term debt | 302.0m | 139.4m | 155.9m |
Non-Current Liabilities | 1.4b | 1.7b | 1.7b |
Total Debt | 840.3m | 934.3m | 974.2m |
Total Liabilities | 10.8b | 9.6b | 10.9b |
Common Stock | 1.2b | 1.2b | 1.4b |
Retained Earnings | 15.5b | 17.2b | 18.3b |
Total Equity | 22.2b | 24.3b | 33.3b |
Debt to Equity Ratio | 0 x | 0 x | 0 x |
Debt to Assets Ratio | 0 x | 0 x | 0 x |
Financial Leverage | 1.5 x | 1.4 x | 1.3 x |
Half Year
| CNY | H1, 2020 | H1, 2021 |
|---|---|---|
Cash | 5.6b | 4.5b |
Accounts Receivable | 8.4b | 9.3b |
Prepaid Expenses | 301.4m | 234.7m |
Inventories | 5.5b | 5.5b |
Current Assets | 27.1b | 27.1b |
PP&E | 2.8b | 2.6b |
Goodwill | 268.8m | 244.3m |
Total Assets | 33.7b | 34.9b |
Accounts Payable | 4.7b | 4.4b |
Short-term debt | 623.0m | 812.7m |
Current Liabilities | 10.0b | 8.2b |
Long-term debt | 297.4m | 140.0m |
Non-Current Liabilities | 1.4b | 1.7b |
Total Debt | 920.4m | 952.8m |
Total Liabilities | 11.3b | 9.9b |
Common Stock | 1.2b | 1.2b |
Retained Earnings | 15.6b | 17.9b |
Total Equity | 22.4b | 25.0b |
Debt to Equity Ratio | 0 x | 0 x |
Debt to Assets Ratio | 0 x | 0 x |
Financial Leverage | 1.5 x | 1.4 x |
Zhuzhou CRRC Times Electric Cash Flow
Annual
| CNY | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|
Net Income | 2.7b | 2.5b | 2.0b |
Depreciation and Amortization | 379.9m | 398.8m | 397.4m |
Accounts Receivable | (2.5b) | 966.1m | (783.1m) |
Inventories | (674.3m) | (556.9m) | (755.3m) |
Accounts Payable | 1.7b | (1.8b) | 1.2b |
Cash From Operating Activities | 1.8b | 1.7b | 2.2b |
Purchases of PP&E | (750.5m) | (1.9b) | (974.0m) |
Cash From Investing Activities | (1.5b) | (629.7m) | (6.0b) |
Long-term Borrowings | (267.1m) | (210.8m) | (232.4m) |
Dividends Paid | (19.8m) | (17.7m) | (13.4m) |
Cash From Financing Activities | (507.3m) | (545.2m) | 7.0b |
Net Change in Cash | (136.9m) | 539.8m | 3.1b |
Half Year
| CNY | H1, 2020 | H1, 2021 |
|---|---|---|
Net Income | 684.8m | 703.0m |
Depreciation and Amortization | 204.2m | 188.0m |
Accounts Receivable | 975.5m | (1.4b) |
Inventories | (1.8b) | (1.3b) |
Accounts Payable | (34.8m) | (464.8m) |
Cash From Operating Activities | 296.5m | (2.1b) |
Purchases of PP&E | (686.7m) | (430.0m) |
Cash From Investing Activities | 1.1b | 730.0m |
Long-term Borrowings | (6.2m) | (28.4m) |
Dividends Paid | (8.6m) | (2.3m) |
Cash From Financing Activities | (132.5m) | (37.8m) |
Net Change in Cash | 1.3b | (1.4b) |
Zhuzhou CRRC Times Electric Ratios
| CNY | FY, 2019 |
|---|---|
Revenue/Employee | 2.0m |
Financial Leverage | 1.5 x |
