Zhejiang Canaan Technology Limited / Fundamentals

    Income statement

    Net revenue
    €167.11M
    Cost of goods sold
    €128.37M
    Gross profit
    €38.74M
    SG&A expenses
    €7.68M
    R&D expenses
    €9.14M
    EBITDA
    €6.05M
    D&A
    -€79.30K
    EBIT
    €4.38M
    Interest expenses
    €1.86M
    EBT
    €4.27M
    Tax expenses
    €497.11K
    Net income
    €3.81M

    Cash flow statement

    Net deferred tax
    €0.00
    Non-cash items
    -€1.50M
    Changes in working capital
    €0.00
    Operating cash flow
    -€1.13M
    Capex
    €3.78M
    Other investing cash flow
    €1.44M
    Net investing cash flow
    -€2.76M
    Total cash dividends paid
    -€5.60M
    Issuance of common stock
    €0.00
    Debt repayment
    €2.13M
    Other financing cash flow
    -€491.22K
    Net financing cash flow
    -€3.96M
    Foreign exchange effects
    €85.99K
    Net change in cash
    €8.12M
    Cash at end of period
    €27.78M
    Free cash flow
    €2.66M

    Balance sheet

    Cash and cash equivalents
    €29.35M
    Cash and short-term investments
    €41.88M
    Total receivables
    €56.15M
    Inventory
    €85.19M
    Other current assets
    €7.71M
    Total current assets
    €190.94M
    Property, plant & equipment
    €68.14M
    Goodwill
    €3.10M
    Intangible assets
    €10.98M
    Long-term investments
    €0.00
    Other non-current assets
    €9.06M
    Total non-current assets
    €93.68M
    Total assets
    €284.61M
    Accounts payable
    €36.27M
    Short-term debt
    €37.04M
    Other current liabilities
    €61.60M
    Total current liabilities
    €135.80M
    Long-term debt
    €19.13M
    Deferred tax liabilities
    €400.81K
    Other non-current liabilities
    €0.00
    Total non-current liabilities
    €20.35M
    Total liabilities
    €156.15M
    Common stock
    €59.83M
    Retained earnings
    €15.62M
    Other equity
    €0.00
    Total equity
    €128.46M
    Total liabilities and shareholders' equity
    €284.61M

    Company information

    Market capitalization
    €285.57M
    Employees
    1.7K
    Enterprise Value
    €2.83B

    Company ratios

    Gross margin
    23.2% Worse than peer group: 34.0%
    EBITDA margin
    3.6% Worse than peer group: 16.8%
    EBIT margin
    2.6% Even with peer group: 7.2%
    EBT margin
    2.6% Worse than peer group: 8.5%
    Net margin
    2.3% Even with peer group: 6.8%
    ROE
    3.0% Even with peer group: 4.6%
    ROA
    1.3% Even with peer group: 3.4%
    Asset turnover
    58.7% Better than peer group: 51.3%
    FCF margin
    -2.9% Even with peer group: 1.1%
    FCF yield
    -1.7%
    Efficiency ratio
    96.4%
    Net sales per employee
    €95.54K
    Net income per employee
    €2.18K

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