By Helgi Library - April 2, 2020
Huawei's total assets reached CNY 665,792 mil at the end of 2018, up 31.8% compared to the previous year. Current ...
By Helgi Library - April 2, 2020
Huawei's total assets reached CNY 665,792 mil at the end of 2018, up 31.8% compared to the previous year. Current ...
| Profit Statement | 2016 | 2017 | 2018 | |
| Sales | CNY mil | 518,068 | 598,480 | 721,202 |
| Gross Profit | CNY mil | 207,919 | 236,562 | 278,171 |
| EBITDA | CNY mil | 60,150 | 68,061 | 86,188 |
| EBIT | CNY mil | 51,403 | 57,253 | 72,268 |
| Financing Cost | CNY mil | -120 | -141 | -2,412 |
| Pre-Tax Profit | CNY mil | 44,058 | 56,128 | 73,646 |
| Net Profit | CNY mil | 37,066 | 47,450 | 59,227 |
| Dividends | CNY mil | 7,718 | 9,459 | 11,652 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Total Assets | CNY mil | 443,635 | 505,225 | 665,792 |
| Non-Current Assets | CNY mil | 88,133 | 99,965 | 135,678 |
| Current Assets | CNY mil | 355,502 | 405,261 | 530,114 |
| Working Capital | CNY mil | 110,836 | 107,101 | 94,220 |
| Shareholders' Equity | CNY mil | 140,134 | 175,616 | 233,065 |
| Liabilities | CNY mil | 303,501 | 329,609 | 432,727 |
| Total Debt | CNY mil | 44,836 | 39,945 | 69,941 |
| Net Debt | CNY mil | -80,646 | -117,347 | -195,916 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 28.6 | 30.1 | 29.0 |
| ROCE | % | 20.4 | 23.4 | 27.1 |
| Gross Margin | % | 40.1 | 39.5 | 38.6 |
| EBITDA Margin | % | 11.6 | 11.4 | 12.0 |
| EBIT Margin | % | 9.92 | 9.57 | 10.0 |
| Net Margin | % | 7.15 | 7.93 | 8.21 |
| Net Debt/EBITDA | -1.34 | -1.72 | -2.27 | |
| Net Debt/Equity | -0.575 | -0.668 | -0.841 | |
| Cost of Financing | % | -0.325 | -0.333 | -4.39 |
| Cash Flow | 2016 | 2017 | 2018 | |
| Total Cash From Operations | CNY mil | 18,108 | 99,958 | 74,659 |
| Total Cash From Investing | CNY mil | -28,504 | -24,657 | -93,880 |
| Total Cash From Financing | CNY mil | 20,239 | -20,558 | 26,926 |
| Net Change In Cash | CNY mil | 9,843 | 54,743 | 7,705 |
| Cash Conversion Cycle | days | 79.4 | 65.1 | 48.4 |
| Cash Earnings | CNY mil | 44,784 | 56,910 | 70,879 |
| Free Cash Flow | CNY mil | -10,396 | 75,301 | -19,221 |
Get all company financials in excel:
| summary | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||
| Sales | CNY mil | 220,198 | 239,025 | 288,197 | 395,009 | 518,068 | ||||||||
| Gross Profit | CNY mil | 87,577 | 98,020 | 127,451 | 164,697 | 207,919 | ||||||||
| EBIT | CNY mil | 19,238 | 32,347 | 39,138 | 45,786 | 51,403 | ||||||||
| Net Profit | CNY mil | 15,365 | 20,919 | 27,851 | 36,908 | 37,066 | ||||||||
| ROE | % | 21.8 | 25.0 | 29.0 | 33.7 | 28.6 | ||||||||
| EBIT Margin | % | 8.74 | 13.5 | 13.6 | 11.6 | 9.92 | ||||||||
| Net Margin | % | 6.98 | 8.75 | 9.66 | 9.34 | 7.15 | ||||||||
| balance sheet | ||||||||||||||
| Total Assets | CNY mil | 210,006 | 231,532 | 309,773 | 372,155 | 443,635 | ||||||||
| Non-Current Assets | CNY mil | 40,538 | 44,688 | 52,668 | 70,509 | 88,133 | ||||||||
| Current Assets | CNY mil | 169,468 | 186,844 | 257,105 | 301,646 | 355,502 | ||||||||
| Shareholders' Equity | CNY mil | 75,024 | 92,186 | 99,985 | 119,069 | 140,134 | ||||||||
| Liabilities | CNY mil | 134,982 | 139,346 | 209,788 | 253,086 | 303,501 | ||||||||
| Non-Current Liabilities | CNY mil | 28,765 | 33,602 | 31,249 | 40,459 | 44,579 | ||||||||
| Current Liabilities | CNY mil | 106,217 | 111,664 | 178,539 | 212,627 | 258,923 | ||||||||
| Net Debt/EBITDA | ... | ... | -1.88 | -1.61 | -1.80 | -1.88 | -1.34 | |||||||
| Net Debt/Equity | -0.589 | -0.639 | -0.779 | -0.808 | -0.575 | |||||||||
| Cost of Financing | % | ... | 3.93 | 2.05 | -2.91 | -4.67 | -0.325 | |||||||
| cash flow | ||||||||||||||
| Total Cash From Operations | CNY mil | 24,969 | 22,554 | 41,755 | 49,315 | 18,108 | ||||||||
| Total Cash From Investing | CNY mil | -5,426 | -8,037 | -26,209 | 2,244 | -28,504 | ||||||||
| Total Cash From Financing | CNY mil | 8,491 | -7,126 | -10,406 | -19,763 | 20,239 | ||||||||
| Net Change In Cash | CNY mil | 28,034 | 7,391 | 5,140 | 31,796 | 9,843 |
| income statement | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||
| Sales | CNY mil | 220,198 | 239,025 | 288,197 | 395,009 | 518,068 | ||||||||
| Cost of Goods & Services | CNY mil | 132,621 | 141,005 | 160,746 | 230,312 | 310,149 | ||||||||
| Gross Profit | CNY mil | 87,577 | 98,020 | 127,451 | 164,697 | 207,919 | ||||||||
| Staff Cost | CNY mil | ... | ... | ... | ... | ... | ... | 48,084 | 52,450 | 71,808 | 100,834 | 115,000 | ||
| Other Cost | CNY mil | ... | ... | ... | ... | ... | ... | 16,037 | 9,003 | 12,285 | 12,622 | 32,769 | ||
| EBITDA | CNY mil | ... | ... | 23,456 | 36,567 | 43,358 | 51,241 | 60,150 | ||||||
| Depreciation | CNY mil | ... | ... | 3,806 | 3,757 | 3,757 | 4,975 | 7,718 | ||||||
| EBIT | CNY mil | 19,238 | 32,347 | 39,138 | 45,786 | 51,403 | ||||||||
| Financing Cost | CNY mil | 914 | 519 | -743 | -1,332 | -120 | ||||||||
| Extraordinary Cost | CNY mil | 233 | 6,666 | 6,828 | 5,131 | 7,465 | ||||||||
| Pre-Tax Profit | CNY mil | 18,091 | 25,162 | 33,053 | 41,987 | 44,058 | ||||||||
| Tax | CNY mil | 2,711 | 4,159 | 5,187 | 5,077 | 7,006 | ||||||||
| Minorities | CNY mil | 15.0 | 84.0 | 15.0 | 2.00 | -13.7 | ||||||||
| Net Profit | CNY mil | 15,365 | 20,919 | 27,851 | 36,908 | 37,066 | ||||||||
| Dividends | CNY mil | ... | ... | ... | ... | ... | ... | 3,806 | 3,757 | 3,757 | 4,975 | 7,718 | ||
| growth rates | ||||||||||||||
| Total Revenue Growth | % | ... | 7.98 | 8.55 | 20.6 | 37.1 | 31.2 | |||||||
| Operating Cost Growth | % | ... | ... | ... | ... | ... | ... | ... | -4.16 | 36.8 | 34.9 | 30.2 | ||
| EBITDA Growth | % | ... | ... | ... | -16.2 | 55.9 | 18.6 | 18.2 | 17.4 | |||||
| EBIT Growth | % | ... | 3.53 | 68.1 | 21.0 | 17.0 | 12.3 | |||||||
| Pre-Tax Profit Growth | % | ... | 45.2 | 39.1 | 31.4 | 27.0 | 4.93 | |||||||
| Net Profit Growth | % | ... | 30.9 | 36.1 | 33.1 | 32.5 | 0.428 | |||||||
| ratios | ||||||||||||||
| ROE | % | 21.8 | 25.0 | 29.0 | 33.7 | 28.6 | ||||||||
| ROCE | % | ... | 25.6 | 21.8 | 23.6 | 24.9 | 20.4 | |||||||
| Gross Margin | % | 39.8 | 41.0 | 44.2 | 41.7 | 40.1 | ||||||||
| EBITDA Margin | % | ... | ... | 10.7 | 15.3 | 15.0 | 13.0 | 11.6 | ||||||
| EBIT Margin | % | 8.74 | 13.5 | 13.6 | 11.6 | 9.92 | ||||||||
| Net Margin | % | 6.98 | 8.75 | 9.66 | 9.34 | 7.15 | ||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | ... | 24.8 | 18.0 | 13.5 | 13.5 | 20.8 | ||
| Cost of Financing | % | ... | 3.93 | 2.05 | -2.91 | -4.67 | -0.325 | |||||||
| Net Debt/EBITDA | ... | ... | -1.88 | -1.61 | -1.80 | -1.88 | -1.34 |
| balance sheet | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||||||||
| Non-Current Assets | CNY mil | 40,538 | 44,688 | 52,668 | 70,509 | 88,133 | ||||||||
| Property, Plant & Equipment | CNY mil | 20,366 | 22,209 | 27,248 | 35,438 | 52,477 | ||||||||
| Intangible Assets | CNY mil | ... | 5,078 | 5,753 | 2,597 | 2,725 | 4,795 | |||||||
| Goodwill | CNY mil | ... | ... | ... | ... | 3,389 | 3,343 | 307 | 396 | 323 | ||||
| Current Assets | CNY mil | 169,468 | 186,844 | 257,105 | 301,646 | 355,502 | ||||||||
| Inventories | CNY mil | 22,237 | 24,929 | 46,576 | 61,363 | 73,976 | ||||||||
| Receivables | CNY mil | 59,829 | 65,534 | 79,580 | 93,260 | 107,957 | ||||||||
| Cash & Cash Equivalents | CNY mil | 71,649 | 81,944 | 106,036 | 125,208 | 125,482 | ||||||||
| Total Assets | CNY mil | 210,006 | 231,532 | 309,773 | 372,155 | 443,635 | ||||||||
| Shareholders' Equity | CNY mil | 75,024 | 92,186 | 99,985 | 119,069 | 140,134 | ||||||||
| Of Which Minority Interest | CNY mil | -24.0 | 59.0 | 45.0 | 48.0 | 39.5 | ||||||||
| Liabilities | CNY mil | 134,982 | 139,346 | 209,788 | 253,086 | 303,501 | ||||||||
| Non-Current Liabilities | CNY mil | 28,765 | 33,602 | 31,249 | 40,459 | 44,579 | ||||||||
| Long-Term Debt | CNY mil | 16,077 | 19,990 | 17,578 | 26,501 | 40,867 | ||||||||
| Deferred Tax Liabilities | CNY mil | ... | ... | 784 | 476 | 320 | 460 | 1,104 | ||||||
| Current Liabilities | CNY mil | 106,217 | 111,664 | 178,539 | 212,627 | 258,923 | ||||||||
| Short-Term Debt | CNY mil | 11,414 | 3,043 | 10,530 | 2,485 | 3,970 | ||||||||
| Trade Payables | CNY mil | 33,536 | 31,980 | 45,899 | 61,017 | 71,096 | ||||||||
| Equity And Liabilities | CNY mil | 210,006 | 231,532 | 309,773 | 372,155 | 443,635 | ||||||||
| growth rates | ||||||||||||||
| Total Asset Growth | % | ... | 82.8 | 10.3 | 33.8 | 20.1 | 19.2 | |||||||
| Shareholders' Equity Growth | % | ... | 13.3 | 22.9 | 8.46 | 19.1 | 17.7 | |||||||
| Net Debt Growth | % | ... | 15.6 | 33.4 | 32.3 | 23.5 | -16.2 | |||||||
| Total Debt Growth | % | ... | 44.7 | -16.2 | 22.0 | 3.12 | 54.7 | |||||||
| ratios | ||||||||||||||
| Total Debt | CNY mil | 27,491 | 23,033 | 28,108 | 28,986 | 44,836 | ||||||||
| Net Debt | CNY mil | -44,158 | -58,911 | -77,928 | -96,222 | -80,646 | ||||||||
| Working Capital | CNY mil | 48,530 | 58,483 | 80,257 | 93,606 | 110,836 | ||||||||
| Capital Employed | CNY mil | 89,068 | 103,171 | 132,925 | 164,115 | 198,969 | ||||||||
| Net Debt/Equity | -0.589 | -0.639 | -0.779 | -0.808 | -0.575 | |||||||||
| Cost of Financing | % | ... | 3.93 | 2.05 | -2.91 | -4.67 | -0.325 |
| cash flow | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| cash flow | ||||||||||||||
| Net Profit | CNY mil | 15,365 | 20,919 | 27,851 | 36,908 | 37,066 | ||||||||
| Depreciation | CNY mil | ... | ... | 3,806 | 3,757 | 3,757 | 4,975 | 7,718 | ||||||
| Non-Cash Items | CNY mil | ... | ... | 55,047 | 7,831 | 31,921 | 20,781 | -9,445 | ||||||
| Change in Working Capital | CNY mil | ... | -49,249 | -9,953 | -21,774 | -13,349 | -17,230 | |||||||
| Total Cash From Operations | CNY mil | 24,969 | 22,554 | 41,755 | 49,315 | 18,108 | ||||||||
| Capital Expenditures | CNY mil | -5,426 | -8,037 | -26,209 | 2,244 | -28,504 | ||||||||
| Other Investments | CNY mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Total Cash From Investing | CNY mil | -5,426 | -8,037 | -26,209 | 2,244 | -28,504 | ||||||||
| Dividends Paid | CNY mil | 0 | -3,806 | -3,757 | -3,757 | -4,975 | ||||||||
| Issuance Of Shares | CNY mil | 0 | 0 | 0 | 0 | 0 | ||||||||
| Issuance Of Debt | CNY mil | 8,491 | -3,320 | -6,649 | -16,006 | 25,214 | ||||||||
| Total Cash From Financing | CNY mil | 8,491 | -7,126 | -10,406 | -19,763 | 20,239 | ||||||||
| Net Change In Cash | CNY mil | 28,034 | 7,391 | 5,140 | 31,796 | 9,843 | ||||||||
| ratios | ||||||||||||||
| Days Sales Outstanding | days | 99.2 | 100 | 101 | 86.2 | 76.1 | ||||||||
| Days Sales Of Inventory | days | 61.2 | 64.5 | 106 | 97.2 | 87.1 | ||||||||
| Days Payable Outstanding | days | 92.3 | 82.8 | 104 | 96.7 | 83.7 | ||||||||
| Cash Conversion Cycle | days | 68.1 | 81.8 | 102 | 86.7 | 79.4 | ||||||||
| Cash Earnings | CNY mil | ... | ... | 19,171 | 24,676 | 31,608 | 41,883 | 44,784 | ||||||
| Free Cash Flow | CNY mil | 19,543 | 14,517 | 15,546 | 51,559 | -10,396 |
| other data | Unit | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||||||||
| ROA | % | 9.46 | 9.48 | 10.3 | 10.8 | 9.09 | ||||||||
| Gross Margin | % | 39.8 | 41.0 | 44.2 | 41.7 | 40.1 | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | ... | ... | ... | 23.9 | 25.4 | 28.8 | 28.9 | 24.6 | ||
| Effective Tax Rate | % | 15.0 | 16.5 | 15.7 | 12.1 | 15.9 | ||||||||
| Capital Expenditures (As % of Sales) | % | 2.46 | 3.36 | 9.09 | -0.568 | 5.50 |
Get all company financials in excel:
Huawei has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 18.7% a year during that time to total of CNY 86,188 mil in 2018, or 12.0% of sales. That’s compared to 12.6% average margin seen in last five years.
The company netted CNY 59,227 mil in 2018 implying ROE of 29.0% and ROCE of 27.1%. Again, the average figures were 30.1% and 23.9%, respectively when looking at the previous 5 years.
Huawei’s net debt amounted to CNY -195,916 mil at the end of 2018, or -0.841 of equity. When compared to EBITDA, net debt was -2.27x, down when compared to average of -1.80x seen in the last 5 years.
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