Xiamen Changelight Co., Ltd.

SZSE:300102 Stock Report

Market Cap: CN¥9.8b

Xiamen Changelight Balance Sheet Health

Financial Health criteria checks 5/6

Xiamen Changelight has a total shareholder equity of CN¥4.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are CN¥6.4B and CN¥2.4B respectively. Xiamen Changelight's EBIT is CN¥56.5M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥928.8M.

Key information

32.9%

Debt to equity ratio

CN¥1.33b

Debt

Interest coverage ratio1.7x
CashCN¥928.77m
EquityCN¥4.05b
Total liabilitiesCN¥2.39b
Total assetsCN¥6.45b

Recent financial health updates

Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden

Dec 20
Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden

Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?

May 14
Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?

Recent updates

Why Investors Shouldn't Be Surprised By Xiamen Changelight Co., Ltd.'s (SZSE:300102) 26% Share Price Plunge

Jan 12
Why Investors Shouldn't Be Surprised By Xiamen Changelight Co., Ltd.'s (SZSE:300102) 26% Share Price Plunge

Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden

Dec 20
Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden

Returns At Xiamen Changelight (SZSE:300102) Are On The Way Up

Dec 03
Returns At Xiamen Changelight (SZSE:300102) Are On The Way Up

There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 94% Share Price Rise

Oct 23
There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 94% Share Price Rise

Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings

Oct 18
Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings

Why Investors Shouldn't Be Surprised By Xiamen Changelight Co., Ltd.'s (SZSE:300102) 29% Share Price Plunge

Sep 08
Why Investors Shouldn't Be Surprised By Xiamen Changelight Co., Ltd.'s (SZSE:300102) 29% Share Price Plunge

Investors Will Want Xiamen Changelight's (SZSE:300102) Growth In ROCE To Persist

Jul 18
Investors Will Want Xiamen Changelight's (SZSE:300102) Growth In ROCE To Persist

Xiamen Changelight Co., Ltd. (SZSE:300102) Looks Inexpensive But Perhaps Not Attractive Enough

Jun 26
Xiamen Changelight Co., Ltd. (SZSE:300102) Looks Inexpensive But Perhaps Not Attractive Enough

Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?

May 14
Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?

Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings

Apr 01
Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings

There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 29% Share Price Rise

Mar 06
There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 29% Share Price Rise

Financial Position Analysis

Short Term Liabilities: 300102's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.6B).

Long Term Liabilities: 300102's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥839.2M).

Debt to Equity History and Analysis

Debt Level: 300102's net debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: 300102's debt to equity ratio has reduced from 95.9% to 32.9% over the past 5 years.

Debt Coverage: 300102's debt is well covered by operating cash flow (20.5%).

Interest Coverage: 300102's interest payments on its debt are not well covered by EBIT (1.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 03:11
End of Day Share Price 2025/02/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Xiamen Changelight Co., Ltd. is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zhiyong ZhuAJ Securities Co., Ltd
LEI ZHAOEverbright Securities Co. Ltd.
Ying JiangGuodu Securities Co.