Huayu Expressway Group Limited - 1823.HK

1823.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 %
1823.HK	0	0	8.3	16.9	-20	-58.4	-86.4	-42.2	-40.9	-59.7
S&P 500	1.0	1.5	1.1	2.3	8.9	23.6	33.8	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	1823.HK
name	Huayu Expressway Group Limited
price	0.52
changes percentage	0
change	0
day low	0.52
day high	0.62
year high	1.42
year low	0.36
market cap	214556160
price avg 50	0.4712
price avg 200	0.6075
exchange	HKSE
volume	54000
avg volume	126774
open	0.61
previous close	0.52
eps	0.875206
pe	0.59
earnings announcement	2025-06-05T19:00:00.000+0000
shares outstanding	412608000
timestamp	2025-01-20 06:27:39

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: 56.3%

Overall Quarterly Financial Health: 27.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	407104000	409886000	-0.68
gross profit	115014000	119685000	-3.90
gross profit ratio	0.28	0.29	-3.25
research and development expenses	0	0	NaN
operating expenses	74284000	54539000	36.20
interest income	2843000	2228000	27.60
interest expense	1864000	1533000	21.59
ebitda	79928000	134095000	-40.39
ebitdaratio	0.2	0.33	-40.18
operating income	40730000	65826000	-38.12
operating income ratio	0.1	0.16	-37.70
net income	329432000	49028000	571.93
net income ratio	0.81	0.12	576.52
eps	0.8	0.14	471.43

Overall Score of Annual Income Statement

0.29 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 407 million in 2023 from 410 million in 2022 representing a change of -0.68%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 115 million in 2023 from 120 million in 2022 representing a change of -3.9%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 74 million in 2023 from 55 million in 2022 representing a change of 36.2%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 41 million in 2023 from 66 million in 2022 representing a change of -38.12%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 329 million in 2023 from 49 million in 2022 representing a change of 571.93%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 80 million in 2023 from 134 million in 2022 representing a change of -40.39%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Earnings per Share (EPS): EPS increased to 0.8 in 2023 from 0.8 in 2022 representing a change of 471.43%. 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.

	2023Q4	2023Q3	Q/Q change %
0000000000
revenue	65147999	65147999	0.00
gross profit	14112499	14112499	0.00
gross profit ratio	0.22	0.22	0.00
research and development expenses	0	0	NaN
operating expenses	17317000	17317000	0.00
interest income	403199	393092	2.57
interest expense	0	0	NaN
ebitda	14799000	8422000	75.72
ebitdaratio	0.23	0.13	75.72
operating income	-830000	-830000	0.00
operating income ratio	-0.01	-0.01	0.00
net income	-5253000	-5253000	0.00
net income ratio	-0.08	-0.08	0.00
eps	-0.01	-0.01	0.00

Overall Score of Quarterly Income Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 15 million in 2023Q4 from 8 million in 2023Q3 representing a change of 75.72%. The decrease in EBITDA indicates declined operational efficiency and profitability.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	1249230000	1955952000	-36.13
total liabilities	125208000	1152922000	-89.14
total equity	1124022000	803030000	39.97
cash and cash equivalents	313720000	205659000	52.54
short term investments	14242000	-15450849	192.18
long term investments	180563000	141333849	27.76
total current assets	720013000	1706502000	-57.81
total non current assets	529217000	249450000	112.15
total current liabilities	124648000	1152659000	-89.19
total non current liabilities	560000	263000	112.93
common stock	3634000	3634000	0.00
retained earnings	35889000	-229664000	115.63
total debt	1459000	51650000	-97.18

Overall Score of Annual Balance Sheet

0.78 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 1,249 million in 2023 from 1,956 million in 2022 representing a change of -36.13%. Suggesting a decrease in asset holdings.

  Total Current Assets: Total Current Assets decreased to 720 million in 2023 from 1,707 million in 2022 representing a change of -57.81%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 125 million in 2023 from 1,153 million in 2022 representing a change of -89.14%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 1,124 million in 2023 from 803 million in 2022 representing a change of 39.97%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 314 million in 2023 from 206 million in 2022 representing a change of 52.54%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 14 million in 2023 from -15 million in 2022 representing a change of 192.18%. This indicates an increase in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities decreased to 125 million in 2023 from 1,153 million in 2022 representing a change of -89.19%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 36 million in 2023 from -230 million in 2022 representing a change of 115.63%. This indicates an accumulated profits.

  Total Debt: Total Debt decreased to 1 million in 2023 from 52 million in 2022 representing a change of -97.18%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
total assets	1249230000	1249230000	0.00
total liabilities	125208000	125208000	0.00
total equity	1124022000	1124021999	0.00
cash and cash equivalents	313720000	313720000	0.00
short term investments	14242000	14242000	0.00
long term investments	180563000	180563000	0.00
total current assets	720013000	720013000	0.00
total non current assets	529217000	529217000	0.00
total current liabilities	124648000	124648000	0.00
total non current liabilities	560000	560000	0.00
common stock	3634000	3634000	0.00
retained earnings	35889000	83673000	-57.11
total debt	1459000	560000	160.54

Overall Score of Quarterly Balance Sheet

0.33 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Equity: Total Equity increased to 1,124 million in 2023Q4 from 1,124 million in 2023Q3 representing a change of 0.0%. This indicates an increase in shareholders' equity.

• 📉 Negative Indicators

  Retained Earnings: Retained Earnings decreased to 36 million in 2023Q4 from 84 million in 2023Q3 representing a change of -57.11%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1 million in 2023Q4 from 1 million in 2023Q3 representing a change of 160.54%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	53646000	-11837000	553.21
operating cash flow	63566000	198698000	-68.01
free cash flow	13882000	170335000	-91.85
capital expenditure	-49684000	-28363000	-75.17
depreciation and amortization	38972000	64066000	-39.17
deferred income tax	0	0	NaN
stock based compensation	0	1296000	-100.00
accounts payables	0	-82859723	100.00
inventory	-96758297	-78170000	-23.78
acquisitions net	197990000	-94488000	309.54
investments in property plant and equipment	-49684000	-28363000	-75.17
net cash used for investing activites	146477000	-116619000	225.60
debt repayment	-50000000	-60000000	16.67
common stock issued	0	0	NaN
common stock repurchased	-91091000	0	NaN
dividends paid	-43767000	0	NaN
net cash used provided by financing activities	-157156000	-94417000	-66.45
cash at end of period	313720000	260074000	20.63
accounts receivables	18817309	82859723	-77.29
cash at beginning of period	260074000	271911000	-4.35

Overall Score of Annual Cashflow Statement

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 54 million in 2023 from -12 million in 2022 representing a change of 553.21%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to -50 million in 2023 from -28 million in 2022 representing a change of -75.17%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023 from 1 million in 2022 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 83 million in 2022 representing a change of 100.0%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to 19 million in 2023 from 83 million in 2022 representing a change of -77.29%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 64 million in 2023 from 199 million in 2022 representing a change of -68.01%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 14 million in 2023 from 170 million in 2022 representing a change of -91.85%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Dividends Paid: Dividends Paid decreased to -44 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates a weaker financial position, less confidence in future prospects, and a reluctance to return value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q3	Q/Q change %
0000000000
operating cash flow	0	0	NaN
free cash flow	0	0	NaN
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
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	0	0	NaN
net cash used for investing activites	0	0	NaN
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	0	0	NaN
net change in cash	0	0	NaN
cash at end of period	0	0	NaN
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

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.98	0.99	-0.85
net income per share	0.8	0.12	570.75
operating cash flow per share	0.15	0.48	-68.06
free cash flow per share	0.03	0.41	-91.86
cash per share	0.79	0.46	72.12
book value per share	2.72	1.95	39.73
tangible book value per share	2.53	1.67	51.47
shareholders equity per share	1.94	1.26	54.86
interest debt per share	0.01	0.13	-93.76
market cap	411973466.33	615722540.16	-33.09
enterprise value	99712466.33	461713540.16	-78.40
pe ratio	1.25	12.56	-90.04
price to sales ratio	1.01	1.5	-32.63
pocfratio	6.48	3.1	109.15
pfcf ratio	29.68	3.61	720.99
pb ratio	0.51	1.19	-56.87
ptb ratio	0.51	1.19	-56.87
ev to sales	0.24	1.13	-78.26
enterprise value over ebitda	1.25	3.44	-63.77
ev to operating cash flow	1.57	2.32	-32.49
ev to free cash flow	7.18	2.71	164.99
earnings yield	0.8	0.08	904.24
free cash flow yield	0.03	0.28	-87.82
debt to equity	0.0	0.1	-98.18
debt to assets	0.0	0.03	-95.58
net debt to ebitda	-3.91	-1.15	-240.16
current ratio	5.78	1.48	290.17
interest coverage	21.85	42.94	-49.11
income quality	0.69	1.66	-58.38
dividend yield	0.11	0	NaN
payout ratio	0.13	0	NaN
sales general and administrative to revenue	0.14	0.09	53.38
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.06	0.06	9.10
capex to operating cash flow	0.78	0.14	447.56
capex to revenue	0.12	0.07	76.37
capex to depreciation	1.27	0.44	187.96
stock based compensation to revenue	0	0.0	-100.00
graham number	5.91	1.83	222.29
roic	0.02	0.06	-71.66
return on tangible assets	0.28	0.03	958.07
graham net net	0.8	-2.14	137.44
working capital	595365000	553843000	7.50
tangible asset value	1043825000	687939000	51.73
net current asset value	594805000	553580000	7.45
invested capital	886726000	676028000	31.17
average receivables	0	-511445	100.00
average payables	5133500	23846500	-78.47
average inventory	208280500	120768632	72.46
days sales outstanding	0	0	NaN
days payables outstanding	5.91	6.96	-15.13
days of inventory on hand	320.69	201.16	59.42
receivables turnover	0	0	NaN
payables turnover	61.75	52.41	17.82
inventory turnover	1.14	1.81	-37.27
roe	0.41	0.09	333.14
capex per share	0.12	0.07	74.86

• Positive

  ROE: Return on Equity (ROE) increased to 0.41 on 2023-12-31 from 0.09 on 2022-12-31, representing a change of 333.14%. Suggesting the company has been generating high returns for its shareholders.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 from 0.10 on 2022-12-31, representing a change of -98.18%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 1.25 on 2023-12-31 from 12.56 on 2022-12-31, representing a change of -90.04%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 5.78 on 2023-12-31 from 1.48 on 2022-12-31, representing a change of 290.17%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2023-12-31 Q4	2023-09-30 Q3	Q/Q change %
1823.HK
calendar year	2023	2023	NaN
revenue per share	0.16	0.16	0.00
net income per share	-0.01	-0.01	0.00
operating cash flow per share	0	0	NaN
free cash flow per share	0	0	NaN
cash per share	0.8	0.8	0.00
book value per share	2.73	2.73	0.00
tangible book value per share	2.53	2.53	0.00
shareholders equity per share	1.95	1.95	0.00
interest debt per share	0.0	0.0	160.54
market cap	410966846.05	530256950.65	-22.50
enterprise value	98705846.05	217096950.65	-54.53
pe ratio	-19.56	-25.24	22.50
price to sales ratio	6.31	8.14	-22.50
pocfratio	0	0	NaN
pfcf ratio	0	0	NaN
pb ratio	0.51	0.66	-22.50
ptb ratio	0.51	0.66	-22.50
ev to sales	1.52	3.33	-54.53
enterprise value over ebitda	6.67	25.78	-74.13
ev to operating cash flow	0	0	NaN
ev to free cash flow	0	0	NaN
earnings yield	-0.01	-0.01	-29.03
free cash flow yield	0	0	NaN
debt to equity	0.0	0.0	160.54
debt to assets	0.0	0.0	160.54
net debt to ebitda	-21.1	-37.18	43.25
current ratio	5.78	5.78	0.00
interest coverage	0	0	NaN
income quality	0	0	NaN
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.18	0.18	0.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.06	0.06	0.00
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.75	0.75	0.00
roic	-0.0	-0.0	0.08
return on tangible assets	-0.0	-0.0	0.00
graham net net	0.8	0.81	-0.64
working capital	595365000	595365000	0.00
tangible asset value	1043825000	1043825000	0.00
net current asset value	594805000	594805000	0.00
invested capital	886726000	886726000	0.00
average receivables	1431500	1431500	0.00
average payables	5930000	5834500	1.64
average inventory	256628000	203533500	26.09
days sales outstanding	0	3.96	-100.00
days payables outstanding	8.34	12.57	-33.66
days of inventory on hand	452.56	452.56	0.00
receivables turnover	0	22.76	-100.00
payables turnover	10.79	7.16	50.74
inventory turnover	0.2	0.2	0.00
roe	-0.01	-0.01	0.00
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -0.01 on 2023-12-31 Q4 from -0.01 on 2023-09-30 Q3, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

  Current Ratio: Current Ratio decreased to 5.78 on 2023-12-31 Q4 from 5.78 on 2023-09-30 Q3, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -19.56 on 2023-12-31 Q4 from -25.24 on 2023-09-30 Q3, representing a change of 22.50%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.00 on 2023-12-31 Q4 from 0.00 on 2023-09-30 Q3, representing a change of 160.54%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None