Qi An Xin Technology Group Balance Sheet Health

Financial Health criteria checks 3/6

Qi An Xin Technology Group has a total shareholder equity of CN¥9.4B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are CN¥14.6B and CN¥5.3B respectively. Qi An Xin Technology Group's EBIT is CN¥18.4M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥764.7M.

Key information

18.3%

Debt to equity ratio

CN¥1.71b

Debt

Interest coverage ratio	0.8x
Cash	CN¥764.72m
Equity	CN¥9.37b
Total liabilities	CN¥5.27b
Total assets	CN¥14.65b

Recent financial health updates

These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively

Jul 04

Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?

Feb 28

Recent updates

Qi An Xin Technology Group Inc.'s (SHSE:688561) Prospects Need A Boost To Lift Shares

Aug 13

These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively

Jul 04

Qi An Xin Technology Group's (SHSE:688561) Earnings Are Built On Soft Foundations

May 03

An Intrinsic Calculation For Qi An Xin Technology Group Inc. (SHSE:688561) Suggests It's 46% Undervalued

Apr 15

Qi An Xin Technology Group (SHSE:688561) Is Looking To Continue Growing Its Returns On Capital

Mar 25

Qi An Xin Technology Group Inc.'s (SHSE:688561) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Mar 04

Qi An Xin Technology Group Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Mar 01

Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?

Feb 28

Financial Position Analysis

Short Term Liabilities: 688561's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥4.6B).

Long Term Liabilities: 688561's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥710.0M).

Debt to Equity History and Analysis

Debt Level: 688561's net debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: 688561's debt to equity ratio has increased from 0% to 18.3% over the past 5 years.

Debt Coverage: 688561's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 688561's interest payments on its debt are not well covered by EBIT (0.8x coverage).

Qi An Xin Technology Group Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively

Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?

Recent updates

Price target decreased by 9.7% to CN¥30.95

Second quarter 2024 earnings released: CN¥0.51 loss per share (vs CN¥0.51 loss in 2Q 2023)

Consensus EPS estimates fall by 37%

Qi An Xin Technology Group Inc.'s (SHSE:688561) Prospects Need A Boost To Lift Shares

Price target decreased by 8.1% to CN¥34.82

These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively

Qi An Xin Technology Group Inc. to Report First Half, 2024 Results on Aug 30, 2024

Consensus EPS estimates fall by 16%

Qi An Xin Technology Group's (SHSE:688561) Earnings Are Built On Soft Foundations

Consensus EPS estimates fall by 12%

Qi An Xin Technology Group Inc., Annual General Meeting, May 20, 2024

First quarter 2024 earnings released: CN¥0.70 loss per share (vs CN¥0.78 loss in 1Q 2023)

An Intrinsic Calculation For Qi An Xin Technology Group Inc. (SHSE:688561) Suggests It's 46% Undervalued

Qi An Xin Technology Group Inc. to Report Q1, 2024 Results on Apr 27, 2024

Qi An Xin Technology Group (SHSE:688561) Is Looking To Continue Growing Its Returns On Capital

Qi An Xin Technology Group Inc.'s (SHSE:688561) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Price target decreased by 9.3% to CN¥50.57

Qi An Xin Technology Group Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Full year 2023 earnings: EPS and revenues miss analyst expectations

Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?

Price target decreased by 13% to CN¥65.73

Price target decreased by 7.8% to CN¥70.62

Second quarter 2023 earnings released: CN¥0.51 loss per share (vs CN¥0.64 loss in 2Q 2022)

First quarter 2023 earnings released: CN¥0.78 loss per share (vs CN¥0.70 loss in 1Q 2022)

Price target increased by 7.3% to CN¥90.79

Full year 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.82 loss in FY 2021)

Forecast breakeven date pushed back to 2023

Less than half of directors are independent

Third quarter 2022 earnings released: CN¥0.31 loss per share (vs CN¥0.34 loss in 3Q 2021)

Second quarter 2022 earnings released: CN¥0.64 loss per share (vs CN¥0.57 loss in 2Q 2021)

Price target decreased to CN¥93.88

Price target decreased to CN¥111

High number of new and inexperienced directors

Qi An Xin Technology Group Inc. (SHSE:688561) announces an Equity Buyback for CNY 300 million worth of its shares.

Full year 2021 earnings: EPS exceeds analyst expectations

Third quarter 2021 earnings released: CN¥0.34 loss per share (vs CN¥0.49 loss in 3Q 2020)

Second quarter 2021 earnings released: CN¥0.57 loss per share (vs CN¥0.27 loss in 2Q 2020)

First quarter 2021 earnings released: CN¥0.79 loss per share (vs CN¥0.94 loss in 1Q 2020)

Full year 2020 earnings released: CN¥0.54 loss per share (vs CN¥0.90 loss in FY 2019)

New 90-day low: CN¥101

Qi An Xin Technology Group Inc. to Report Q3, 2020 Results on Oct 30, 2020

New 90-day low: CN¥96.50

Qi An Xin Technology Group Inc. (SHSE:688561) signed an equity transfer agreement to acquire the remaining 8.7% stake in Shenzhen Yun'anbao Technology Co., Ltd from Surfilter Network Technology Co., Ltd. (SZSE:300311) for CNY 20 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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