GDT Fsa 1
GDT Fsa 1
GDT Fsa 1
2021 2020
BALANCE SHEET
A. ASSETS
I. Cash & cash equivalent 8,499,528,295 896,972,677
Cash 1,499,528,295 896,972,677
Cash Equivalent 7,000,000,000 0
II.Short-term investments 90,900,079,076 171,500,000,000
Hold to maturity investments 90,900,079,076 171,500,000,000
III.Short term receivable 26,529,587,844 41,540,661,053
Short-term receivables from customers 18,273,304,208 34,376,806,758
Short-term prepaid for sellers 4,752,639,903 3,057,924,082
Other short-term receivables 3,503,643,733 4,105,930,213
IV.Inventories 94,354,774,960 71,277,351,429
Inventories 94,354,774,960 71,277,351,429
V.Other current assets 8,226,729,382 10,965,930,167
Short-term prepaid expenses 4,758,567,529 201,434,916
Deductible vat 3,468,161,853 10,764,495,251
Current Assets 228,510,699,557 296,180,915,326
I. Long-term receivables 30,150,000,000 150,000,000
Long-term receivables 30,000,000,000 0
Other long-term receivables 150,000,000 150,000,000
II.Fixed assets 96,812,379,068 98,166,620,671
Tangible fixed assets: 42,234,488,931 41,945,410,408
Historical costs 108,349,009,265 103,312,551,365
Accumulated depreciation 66,114,520,334 61,367,140,957
Intangible fixed assets: 54,577,890,137 56,221,210,263
Historical costs 60,693,114,013 60,693,114,013
Accumulated depreciation 6,115,223,876 4,471,903,750
III. Long-term investments 22,000,000,000 0
Held to maturity investments 22,000,000,000 0
IV. Other long-term assets 3,491,960,906 4,363,798,896
Long-term prepaid expenses 2,874,119,676 3,720,786,231
Deffered income tax 617,841,230 643,012,665
TOTAL ASSETS 380,965,039,531 398,861,334,893
C. LIABILITIES
I. Short-term liabilities
Short-term payables for sellers 14,521,145,769 21,677,039,386
Short-term prepayments from customers 14,627,128,242 8,630,613,296
Taxes and other payables to government budget 4,590,972,411 7,132,697,869
Payables to employees 8,412,910,584 9,269,868,293
Short-term accrued expenses 2,851,556,502 2,947,021,345
Other short-term payments 859,947,956 6,725,291,783
Short-term borrowings 60,794,284,000 62,784,967,500
Bonus and welfare fund 4,612,275,946 4,764,165,436
Short-term liabilities 111,270,221,410 123,931,664,908
II. Long-term liabilities 4,301,927,770 4,395,501,128
Other long-term payables 1,052,500,270 1,010,059,118
Provision for long-term payments 3,249,427,500 3,385,442,010
TOTAL LIABILITIES 115,572,149,180 128,327,166,036
D. SHAREHOLDERS' EQUITY
Ordinary shares with voting rights 179,803,580,000 171,369,680,000
Capital surplus 6,024,317,006 6,039,317,006
Treasury shares 3,496,600,000 2,993,350,000
Development and investment funds 18,669,340,514 18,669,340,514
Undistributed profit after tax (RE) 64,392,252,831 77,449,381,347
Undistributed profit after tax brought forward 42,026,985,347 33,644,733,434
Undistributed profit after tax for the current year 22,365,267,484 43,804,647,913
TOTAL SHAREHOLDERS' EQUITY 265,392,890,351 270,534,368,867
TOTAL LIABILITIES AND EQUITY 380,965,039,531 398,861,534,903
INCOME STATEMENT
Sale Revenue 340,145,626,776 402,975,121,341
Revenue deductions 1,516,244,078 2,570,296,197
Net revenues from sales and services rendered 338,629,382,698 400,404,825,144
(Costs of goods sold) 237,385,555,678 275,640,723,125
Gross Profit 101,243,827,020 124,764,102,019
Financial income 16,560,470,109 17,209,838,910
Financial expenses 3,519,005,167 4,222,077,016
In which: interest expenses 950,735,950 764,259,528
Selling expenses 14,748,419,315 18,463,050,825
General administration expenses 23,006,786,668 19,711,407,867
Net Income from operating activities 76,530,085,979 99,577,405,221
Other income 1,926,958,818 544,729,910
Other expenses 2,116,486,575 36,908,091
Other Income 189,527,757 507,821,819
Total net income before tax 76,340,558,222 100,085,227,040
Current corporate income tax income (expenses) 15,529,372,593 20,059,520,400
Deffered corporate income tax income (expenses) 25,171,435 48,733,534
Net Income after enterprise income tax 60,786,014,194 79,976,973,106
Basic earnings per share 3,340 4,584
Deluted earning per share 3,340 4,584
Total Net cash flows during the fiscal year 7,391,982,466 7,950,743,919
Total Net cash flows during the fiscal year 7,332,023,956 7,931,348,576
8,685,927,841 16,949,327,615
8,685,927,841 16,949,327,615 0.39% 0.22%
0 0 1.84% -
217,063,528,219 157,700,000,000 23.86% 43.00%
217,063,528,219 157,700,000,000 23.86% 43.00%
27,267,267,406 40,950,025,233 6.96% 10.41%
21,477,863,145 33,594,980,819 4.80% 8.62%
656,254,292 3,113,099,658 1.25% 0.77%
5,133,149,969 4,241,944,756 0.92% 1.03%
84,957,981,980 77,599,148,209 24.77% 17.87%
84,957,981,980 77,599,148,209 24.77% 17.87%
2,380,755,565 4,053,120,111 2.16% 2.75%
927,720,774 465,644,983 1.25% 0.05%
1,453,034,791 3,587,475,128 0.91% 2.70%
340,355,461,011 297,251,621,168 59.98% 74.26%
150,000,000 255,689,179 7.91% 0.04%
0 0
150,000,000 255,689,179 0.04% 0.04%
42,359,174,487 43,463,256,367 25.41% 24.61%
31,346,541,404 32,159,200,464 11.09% 10.52%
88,576,447,934 85,219,924,519 28.44% 25.90%
57,229,906,530 53,060,724,055 -17.35% -15.39%
11,012,633,083 11,304,055,903 14.33% 14.10%
15,193,114,013 15,193,114,013 15.93% 15.22%
4,180,480,930 3,889,058,110 -1.61% -1.12%
0 0 -
0 0 -
4,515,029,286 2,913,042,689 0.92% 1.09%
3,823,283,087 2,217,878,431
691,746,199 695,164,258 0.16% 0.16%
387,379,664,784 343,883,609,403 100.00% 100.00%
- -
- -
19,454,902,191 8,714,852,609 3.81% 5.43%
3,263,298,687 4,233,306,711 3.84% 2.16%
7,126,434,035 6,913,920,915 1.21% 1.79%
4,208,898,725 15,896,670,311 2.21% 2.32%
2,862,422,401 2,130,121,226 0.75% 0.74%
1,443,681,981 8,489,953,226 0.23% 1.69%
60,365,034,000 27,541,530,600 15.96% 15.74%
6,820,768,643 7,697,158,820 1.21% 1.19%
105,545,440,663 81,617,514,418 29.21% 31.07%
3,509,379,167 3,576,258,750 1.13% 1.10%
3,500,000 244,040,000 0.28% 0.25%
3,505,879,167 3,332,218,750 0.85% 0.85%
109,054,819,830 85,193,773,168 30.34% 32.17%
- -
171,369,680,000 163,941,760,000 47.20% 42.96%
6,039,317,006 6,034,317,006 1.58% 1.51%
2,224,850,000 1,151,600,000 -0.92% -0.75%
18,669,340,514 18,669,340,514 4.90% 4.68%
84,471,357,434 71,196,018,715 16.90% 8.44%
45,642,944,215 38,623,685,607 11.03% 10.98%
38,828,413,219 32,572,333,108 5.87% 67.83%
278,324,844,954 258,689,836,235
387,379,664,784 343,883,609,403 100.00% 100.00%
4,693,481,225 4,465,061,765
237,936,167 206,695,166
47,148,173 143,602,540
13,813,574,412 11,780,480,671
632,547,202 206,966,592
84,452,392,921 105,610,971,463
17,131,899,442 8,231,544,979
7,358,833,771 18,275,860,322
1,205,896,425 7,891,948,730
2,067,480,447 66,602,457
632,547,202 206,966,592
18,813,925,114 22,570,287,482
2,425,082,850 1,871,319,940
69,080,526,554 46,629,645,875
3,428,176,507 5,506,008,568
185,454,545 104,545,455
337,063,528,219 349,600,000,000
277,700,000,000 398,000,000,000
12,443,776,448 13,496,235,118
50,162,473,733 56,494,772,005
0 7,427,920,000
1,073,250,000 465,750,000
86,630,914,500 61,537,784,000
53,794,412,600 69,614,695,850
58,991,441,150 85,822,006,550
27,228,189,250 86,936,748,400
8,310,136,429 16,187,669,480
8,263,399,774 16,206,545,347
16,949,327,615 742,782,268
46,736,655 18,875,867
8,685,927,841 16,949,327,615
92,749,150,912
4,693,481,225
6,499,688,799
34,861,794,382
69,080,526,554
3,242,721,962
59,363,528,219
12,443,776,448
50,162,473,733
32,823,503,400
173,660,417
1,073,250,000
58,991,441,150
27,067,527,333
8,149,474,512
8,263,399,774
16,949,327,615
8,685,927,841
2019 2018 % CHANGE 2021 2020 2019
- -
- -
5.02% 2.53% -33.01% 11.42% 123.24%
0.84% 1.23% 69.48% 164.48% -22.91%
1.84% 2.01% -35.63% 0.09% 3.07%
1.09% 4.62% -9.24% 120.24% -73.52%
0.74% 0.62% -3.24% 2.96% 34.38%
0.37% 2.47% -87.21% 365.84% -83.00%
15.58% 8.01% -3.17% 4.01% 119.18%
1.76% 2.24% -3.19% -30.15% -11.39%
27.25% 23.73% -10.22% 17.42% 29.32%
0.91% 1.04% -2.13% 25.25% -1.87%
- 0.07% 4.20% 28758.83% -98.57%
0.91% 0.97% -4.02% -3.44% 5.21%
28.15% 24.77%
- -
44.24% 47.67% 4.92% - 4.53%
1.56% 1.75% -0.25% - 0.08%
-0.57% -0.33% 16.81% 34.54% 93.20%
4.82% 5.43% - - -
21.81% 20.70% 91.39% -60.17% 18.65%
11.78% 11.23% -4.06% -4.03% 18.17%
10.02% 9.47% 19.21%
OPERATING PERFORMANCE
Gross Profit / Revenues 29.90% 31.16% 32.76% 35.84%
Operating Profit / Revenues 22.60% 24.87% 27.02% 28.56%
Net Income / Revenues 17.95% 19.97% 21.71% 23.01%
COGS/Revenues 70.10% 68.84% 67.24% 64.16%
Selling and administrative expense/Revenues 15.90% 13.85% 14.13% 15.08%
OPERATING CONTROL
Gross Profit Control Index 95.95% 95.11% 91.41%
Operating Profit Contol Index 89.24% 89.91% 90.27%
RISK FACTORS:
SHORT-TERM LIQUIDITY
Current Ratio 2.05 2.39 3.22 3.64
Quick Ratio 1.21 1.81 2.42 2.69
Operating Cash Flow to Current Liabilities 0.29 0.62 0.74
Assets Turnover Ratios:
Accounts receivable turnover 9.95 11.64 10.02
Days of sales outstanding (DSO) 37 31 36
Inventory turnover 2.87 3.53 2.83
Days of inventory on hand (DOH) 127 103 129
Accounts payable turnover 14.39 12.74 16.84
Days Payables outstanding 25 29 22
LONG-TERM SOLVENCY
Debt Ratios:
Total Liabilities / Total Assets 30.34% 32.17% 28.15% 24.77%
Total Liabilities / Total Equity 43.55% 47.43% 39.18% 32.93%
LT Debt / LT Capital 1.60% 1.60% 1.25% 1.36%
LT Debt / Total Equity 1.62% 1.62% 1.26% 1.38%
Interest Coverage Ratios:
Interest Coverage Ratio (Net Income Basis) 81.30 131.96 147.63 543.93
Operating Cash Flow to Total Liabilities Ratio:
Operating cash flows / Total liabilities 28.17% 60.32% 71.13%
(In the computations above, a #DIV/0! message indicates that a ratio denominator is zero.)
tock Company
2020 2019 2018
10.28% 15.49%
11.46% 13.41%
18.76% 24.77%
23.10% 19.86%
42.54% 39.03%
18.92% 29.61%
0.89% 4.05%
0.75% 0.40%
14.51% 16.12%
16.98% 13.89%
18.76% 24.77%
23.10% 19.86%
12.98% 24.37%
11.49% 32.22%
53.31% 15.19%
TS ANALYSIS
2018
0.00%
ASSET TURNOVER
2021 2020 2019 2018
0.87 1.02 0.93 0.00
HAREHOLDERS' EQUITY
ASSETS TURNOVER
2021 2020 2019 2018
0.87 1.02 0.93 0.00