The Sincere Company, Limited - 0244.HK

0244.HK Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
0244.HK	0	-12	4.8	-1.8	3.8	-8.3	-46.3	-21.4	-55.2	-52.5
S&P 500	0.6	1.5	2.6	4.0	9.4	25.5	38.0	83.2	195.0	34364.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	0244.HK
name	The Sincere Company, Limited
price	0.22
changes percentage	0
change	0
day low	0.22
day high	0.24
year high	0.25
year low	0.18
market cap	231773696
price avg 50	0.2243
price avg 200	0.218065
exchange	HKSE
volume	7000
avg volume	960270
open	0.24
previous close	0.22
eps	-0.05
pe	-4.4
earnings announcement	2025-03-24T11:56:09.000+0000
shares outstanding	1053516800
timestamp	2025-01-21 07:59:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 54.0%

Overall Quarterly Financial Health: 55.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0000000000
revenue	146516000	168072000	-12.83
gross profit	81941000	88982400	-7.91
gross profit ratio	0.56	0.53	5.63
research and development expenses	0	0	NaN
operating expenses	132860000	165626400	-19.78
interest income	16592000	0	NaN
interest expense	27768000	15844800	75.25
ebitda	13465000	-69130800	119.48
ebitdaratio	0.09	-0.41	122.34
operating income	-33141000	-69910800	52.60
operating income ratio	-0.23	-0.42	45.62
net income	-62251000	-91056000	31.63
net income ratio	-0.42	-0.54	21.58
eps	-0.05	-0.07	35.07

Overall Score of Annual Income Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 147 million in 2022 from 168 million in 2021 representing a change of -12.83%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 82 million in 2022 from 89 million in 2021 representing a change of -7.91%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Income: Operating income decreased to -33 million in 2022 from -70 million in 2021 representing a change of 52.6%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -62 million in 2022 from -91 million in 2021 representing a change of 31.63%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 133 million in 2022 from 166 million in 2021 representing a change of -19.78%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 13 million in 2022 from -69 million in 2021 representing a change of 119.48%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Earnings per Share (EPS): EPS increased to -0.05 in 2022 from -0.05 in 2021 representing a change of 35.07%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0000000000
revenue	37178000	37178000	0.0
gross profit	21962000	21962000	0.0
gross profit ratio	0.59	0.59	0.0
research and development expenses	0	0	NaN
operating expenses	29575499	29575499	0.0
interest income	0	0	NaN
interest expense	1885000	1885000	0.0
ebitda	-7462000	-7462000	0.0
ebitdaratio	-0.2	-0.2	0.0
operating income	-7839500	-7839500	0.0
operating income ratio	-0.21	-0.21	0.0
net income	-8746500	-8746500	0.0
net income ratio	-0.24	-0.24	0.0
eps	-0.01	-0.01	0.0

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0000000000
total assets	682694000	713456000	-4.31
total liabilities	507775000	476229000	6.62
total equity	174919000	2915000	5900.65
cash and cash equivalents	98188000	54092000	81.52
short term investments	3563000	2309000	54.31
long term investments	478000	3807000	-87.44
total current assets	249171000	250499000	-0.53
total non current assets	433523000	267798000	61.88
total current liabilities	489268000	431473000	13.39
total non current liabilities	18507000	537000	3346.37
common stock	469977000	469977000	0.00
retained earnings	-340989000	-467062000	26.99
total debt	443594000	0	NaN

Overall Score of Annual Balance Sheet

0.44 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 683 million in 2022 from 713 million in 2021 representing a change of -4.31%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 508 million in 2022 from 476 million in 2021 representing a change of 6.62%. This indicates an increase in overall liabilities.

  Total Current Assets: Total Current Assets decreased to 249 million in 2022 from 250 million in 2021 representing a change of -0.53%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 489 million in 2022 from 431 million in 2021 representing a change of 13.39%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 444 million in 2022 from 0 million in 2021 representing a change of nan%. This indicates an increase in overall debt burden.

• 📈 Positive Indicators

  Total Equity: Total Equity increased to 175 million in 2022 from 3 million in 2021 representing a change of 5900.65%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 98 million in 2022 from 54 million in 2021 representing a change of 81.52%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 4 million in 2022 from 2 million in 2021 representing a change of 54.31%. This indicates an increase in short-term investment holdings.

  Retained Earnings: Retained Earnings increased to -341 million in 2022 from -467 million in 2021 representing a change of 26.99%. This indicates an accumulated profits.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0000000000
total assets	534755000	534755000	0.00
total liabilities	378810000	378810000	0.00
total equity	155945000	111932000	39.32
cash and cash equivalents	24307000	24307000	0.00
short term investments	3629000	1201000	202.16
long term investments	412000	4041000	-89.80
total current assets	115715000	115715000	0.00
total non current assets	419040000	207497000	101.95
total current liabilities	372909000	372909000	0.00
total non current liabilities	5901000	553000	967.09
common stock	469977000	469977000	0.00
retained earnings	-358045000	-358045000	0.00
total debt	316498000	0	NaN

Overall Score of Quarterly Balance Sheet

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Equity: Total Equity increased to 156 million in 2023Q2 from 112 million in 2023Q1 representing a change of 39.32%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 4 million in 2023Q2 from 1 million in 2023Q1 representing a change of 202.16%. This indicates an increase in short-term investment holdings.

• 📉 Negative Indicators

  Total Debt: Total Debt increased to 316 million in 2023Q2 from 0 million in 2023Q1 representing a change of nan%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2022	2021	Y/Y change %
0000000000
net change in cash	44096000	74188000	-40.56
operating cash flow	-42169000	-64477200	34.60
free cash flow	-43607000	-64574400	32.47
capital expenditure	-1438000	-97200	-1379.42
depreciation and amortization	46606000	55502400	-16.03
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	7285000	12159600	-40.09
acquisitions net	0	0	NaN
investments in property plant and equipment	-1438000	-97200	-1379.42
net cash used for investing activites	44055000	1956000	2152.30
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	42210000	21892800	92.80
cash at end of period	98188000	87949000	11.64
accounts receivables	0	0	NaN
cash at beginning of period	54092000	13761000	293.08

Overall Score of Annual Cashflow Statement

0.75 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 44 million in 2022 from 74 million in 2021 representing a change of -40.56%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to -42 million in 2022 from -64 million in 2021 representing a change of 34.6%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to -44 million in 2022 from -65 million in 2021 representing a change of 32.47%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -1 million in 2022 from 0 million in 2021 representing a change of -1379.42%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q2	2023Q1	Q/Q change %
0000000000
operating cash flow	-3292000	-3292000	0.0
free cash flow	-3676000	-3676000	0.0
capital expenditure	-384000	-384000	0.0
depreciation and amortization	8731500	8731500	0.0
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-384000	-384000	0.0
net cash used for investing activites	30580000	30580000	0.0
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-64228500	-64228500	0.0
net change in cash	-36940500	-36940500	0.0
cash at end of period	-36940500	-36940500	0.0
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2022-12-31	2021-12-31	Y/Y change %
FY
calendar year	2022	2021	NaN
revenue per share	0.11	0.13	-17.29
net income per share	-0.05	-0.07	35.13
operating cash flow per share	-0.03	-0.05	37.95
free cash flow per share	-0.03	-0.05	35.93
cash per share	0.08	0.05	71.17
book value per share	0.13	0.19	-30.04
tangible book value per share	0.13	0.19	-30.04
shareholders equity per share	0.1	0.0	4098.54
interest debt per share	0.36	0.01	2722.64
market cap	367909516.8	617128358.22	-40.38
enterprise value	713315516.8	563036358.22	26.69
pe ratio	-5.91	-6.78	12.80
price to sales ratio	2.51	3.67	-31.61
pocfratio	-8.72	-9.57	8.85
pfcf ratio	-8.44	-9.56	11.72
pb ratio	2.85	211.71	-98.65
ptb ratio	2.85	211.71	-98.65
ev to sales	4.87	3.35	45.33
enterprise value over ebitda	52.98	-8.14	750.44
ev to operating cash flow	-16.92	-8.73	-93.71
ev to free cash flow	-16.36	-8.72	-87.61
earnings yield	-0.17	-0.15	-14.68
free cash flow yield	-0.12	-0.1	-13.27
debt to equity	3.44	0	NaN
debt to assets	0.65	0	NaN
net debt to ebitda	25.65	0.78	3178.40
current ratio	0.51	0.58	-12.28
interest coverage	-1.19	-4.41	72.95
income quality	0.68	0.71	-4.30
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.36	0.35	3.12
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.03	-0.0	-2162.07
capex to revenue	0.01	0.0	1597.08
capex to depreciation	0.03	0.0	1661.82
stock based compensation to revenue	0	0	NaN
graham number	0.32	0.06	421.87
roic	-0.05	-0.81	93.42
return on tangible assets	-0.09	-0.13	28.55
graham net net	-0.3	-0.32	7.78
working capital	-240097000	-180974000	-32.67
tangible asset value	174919000	237227000	-26.27
net current asset value	-258604000	-225730000	-14.56
invested capital	-21363000	83017000	-125.73
average receivables	0	66384000	-100.00
average payables	13921500	22340500	-37.68
average inventory	31887000	38664000	-17.53
days sales outstanding	0	0	NaN
days payables outstanding	157.38	0	NaN
days of inventory on hand	166.03	158.76	4.58
receivables turnover	0	0	NaN
payables turnover	2.32	0	NaN
inventory turnover	2.2	2.3	-4.38
roe	-0.48	-31.24	98.46
capex per share	0.0	0.0	1303.72

• Negative

  ROE: Return on Equity (ROE) increased to -0.48 on 2022-12-31 from -31.24 on 2021-12-31, representing a change of 98.46%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 0.51 on 2022-12-31 from 0.58 on 2021-12-31, representing a change of -12.28%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -5.91 on 2022-12-31 from -6.78 on 2021-12-31, representing a change of 12.80%. Indicating an increase in the relative valuation of the company's stock.

• Quarterly Financial Ratios

	2023-06-30 Q2	2023-03-31 Q1	Q/Q change %
0244.HK
calendar year	2023	2023	NaN
revenue per share	0.03	0.03	0.00
net income per share	-0.01	-0.01	0.00
operating cash flow per share	-0.0	-0.0	0.00
free cash flow per share	-0.0	-0.0	0.00
cash per share	0.02	0.02	9.52
book value per share	0.12	0.12	0.00
tangible book value per share	0.12	0.12	0.00
shareholders equity per share	0.09	0.09	0.00
interest debt per share	0.24	0.0	16790.34
market cap	319292902.08	315351014.4	1.25
enterprise value	611483902.08	291044014.4	110.10
pe ratio	-9.13	-9.01	-1.25
price to sales ratio	8.59	8.48	1.25
pocfratio	-96.99	-95.79	-1.25
pfcf ratio	-86.86	-85.79	-1.25
pb ratio	2.85	2.82	1.25
ptb ratio	2.85	2.82	1.25
ev to sales	16.45	7.83	110.10
enterprise value over ebitda	-81.95	-39.0	-110.10
ev to operating cash flow	-185.75	-88.41	-110.10
ev to free cash flow	-166.34	-79.17	-110.10
earnings yield	-0.03	-0.03	1.23
free cash flow yield	-0.01	-0.01	1.23
debt to equity	2.83	0	NaN
debt to assets	0.59	0	NaN
net debt to ebitda	-39.16	3.26	-1302.09
current ratio	0.31	0.31	0.00
interest coverage	-4.16	-4.16	0.00
income quality	0.38	0.38	0.00
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.34	0.34	0.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.12	-0.12	0.00
capex to revenue	0.01	0.01	0.00
capex to depreciation	0.04	0.04	0.00
stock based compensation to revenue	0	0	NaN
graham number	0.11	0.11	0.00
roic	-0.02	0.16	-110.50
return on tangible assets	-0.02	-0.02	0.00
graham net net	-0.26	-0.26	0.71
working capital	-257194000	-257194000	0.00
tangible asset value	155945000	155945000	0.00
net current asset value	-263095000	-263095000	0.00
invested capital	-53738000	-53738000	0.00
average receivables	0	0	NaN
average payables	14204500	13921500	2.03
average inventory	26168000	27770500	-5.77
days sales outstanding	0	0	NaN
days payables outstanding	168.03	0	NaN
days of inventory on hand	154.78	154.78	0.00
receivables turnover	0	0	NaN
payables turnover	0.54	0	NaN
inventory turnover	0.58	0.58	0.00
roe	-0.08	-0.08	0.00
capex per share	0.0	0.0	0.00

• Negative

  ROE: Return on Equity (ROE) decreased to -0.08 on 2023-06-30 Q2 from -0.08 on 2023-03-31 Q1, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -9.13 on 2023-06-30 Q2 from -9.01 on 2023-03-31 Q1, representing a change of -1.25%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.31 on 2023-06-30 Q2 from 0.31 on 2023-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None