YOLFTbeta
60

Mingxin Automotive Leather Co. Ltd.

605068 · SHG · Consumer Cyclical / Auto Parts

18.28CNY-0.63 (-3.33%)

Price History

Full chart

Market Stats

Previous Close18.91
Open18.97
Day Range18.08 – 19.18
52-Week Range12.94 – 32.40
Volume3.52M
Market Cap3.30B
P/E (TTM)0.00
Forward P/E0.00
EPS-0.02
Dividend Yield0.20%
Beta0.72
50-Day Avg19.71
200-Day Avg23.25

About

Mingxin New Material Co.,Ltd. engages in the research, development, production, and sales of automotive interior materials in China. It offers Verona microfiber, Menocra microfiber, Mingxin leather, and Hurongo PU materials used in automotive seats, armrests, headrests, steering wheels, dashboards, door panels, and headliners. The company was formerly known as Mingxin Automotive Leather Co., Ltd. and changed its name to Mingxin New Material Co.,Ltd. in January 2016. The company was incorporated in 2005 and is headquartered in Jiaxing, China.

Company Details

  • SectorConsumer Cyclical
  • IndustryAuto Parts
  • CEOMr. Junxin Zhuang
  • Employees1.49K
  • HeadquartersNo. 188, Mingxin Road, Jiaxing, China, 314004, China
  • Websitehttps://www.mingxinleather.com

Leadership

  • Mr. Junxin ZhuangGM & Chairman of the Board · b. 1969
  • Ms. Ping LiFinancial Director & Accounting Supervisor · b. 1977
  • Ms. Haijie YuDeputy GM & Director · b. 1970
  • Mr. Zheng LuoBoard Secretary and Deputy General Manager · b. 1989
  • Mr. Chengjin ZhaoDeputy General Manager · b. 1970

Financials

Income Statement

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue469.24M551.15M570.36M658.13M808.23M820.77M855.55M905.74M1.18B1.48B
Growth (%)-+17.45%+3.49%+15.39%+22.81%+1.55%+4.24%+5.87%+30.21%+25.76%
Cost of Revenue321.72M361.73M356.09M362.42M425.78M502.90M583.20M674.56M982.70M1.30B
Gross Profit147.52M189.42M214.27M295.71M382.45M317.87M272.35M231.18M196.70M179.64M
Gross Margin31.44%34.37%37.57%44.93%47.32%38.73%31.83%25.52%16.68%12.11%
Operating Expense84.37M79.17M91.77M87.38M126.71M130.27M161.23M182.21M402.10M215.97M
Operating Income63.15M110.24M122.50M208.34M255.74M187.60M111.12M48.98M-205.40M-36.34M
Operating Margin13.46%20.00%21.48%31.66%31.64%22.86%12.99%5.41%-17.42%-2.45%
EBITDA84.00M131.22M148.66M235.16M287.07M235.90M188.03M160.49M-79.89M194.06M
EBITDA Margin17.90%23.81%26.06%35.73%35.52%28.74%21.98%17.72%-6.77%13.08%
Net Income55.36M95.44M108.11M179.32M220.51M163.39M100.53M55.08M-172.15M14.81M
Net Income Margin11.80%17.32%18.95%27.25%27.28%19.91%11.75%6.08%-14.60%1.00%
R&D27.08M32.62M41.17M41.77M69.98M86.11M99.42M88.29M102.89M90.05M
R&D as % of Total Revenue5.77%5.92%7.22%6.35%8.66%10.49%11.62%9.75%8.72%6.07%
Interest Expense9.19M8.68M8.36M4.39M3.15M15.51M31.79M52.00M55.78M55.47M
Interest Expense % of Total Revenue1.96%1.58%1.47%0.67%0.39%1.89%3.72%5.74%4.73%3.74%

Balance Sheet

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets546.24M717.21M705.48M943.40M2.13B2.67B3.31B3.44B3.53B3.94B
Total Liabilities342.84M353.65M271.17M329.82M426.64M906.39M1.39B1.56B1.87B2.23B
Total Equity203.40M363.55M434.32M613.59M1.71B1.75B1.92B1.88B1.67B1.70B
Cash65.40M23.47M22.81M33.69M719.96M831.35M914.77M698.56M261.18M144.18M
Total Debt186.07M155.16M108.94M79.46M29.31M455.84M921.64M1.02B1.01B-
Net Debt120.67M131.68M86.14M45.77M-690.65M-375.50M6.87M326.06M747.66M978.26M

Cash Flow

Currency: CNY2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow17.91M17.17M153.34M145.33M100.17M64.62M81.70M63.40M14.42M32.07M
Investing Cash Flow-8.26M-25.84M-44.77M-97.11M-239.10M-283.86M-435.46M-363.49M-285.35M-
Financing Cash Flow32.90M-35.51M-91.39M-37.45M822.36M186.58M506.69M-61.71M-30.90M-
Capital Expenditure14.15M34.59M44.53M97.48M189.30M188.49M279.36M414.92M240.18M96.85M
Free Cash Flow3.75M-17.42M108.81M47.85M-89.13M-123.87M-197.66M-357.65M-225.76M-64.78M
Dividends Paid10.16M5.62M43.84M3.53M2.05M124.50M49.98M16.15M10.18M14.98M
FCF to OCF20.96%-101.49%70.96%32.92%-88.98%-191.70%-241.95%-564.15%-1565.30%-201.98%
Dividend Paid to FCF270.69%-32.27%40.29%7.38%-2.30%-100.51%-25.29%-4.51%-4.51%-23.12%

Earnings

Report DateDec 31, 2020Mar 31, 2021Jun 30, 2021Sep 30, 2021Dec 31, 2021Mar 31, 2022Aug 16, 2022Oct 27, 2022Apr 21, 2023
EPS Estimate---------
EPS Actual0.370.440.180.250.120.10-0.020.250.28
Surprise---------
Timing---------

Key Statistics & Ratios

Market Cap3.30B
Enterprise Value3.84B
Trailing P/E0.00
Forward P/E0.00
Price / Sales2.16
Price / Book2.05
EPS-0.02
Book Value10.20
Revenue (TTM)1.52B
Gross Profit (TTM)144.57M
EBITDA129.61M
Profit Margin-0.24%
Operating Margin-6.67%
Return on Equity-0.29%
Return on Assets0.30%
Shares Outstanding162.20M
Shares Float51.72M
Beta0.72
Dividend Yield0.20%
Dividend Rate0.04
Payout Ratio0.00%

Dividends

20261×
0.04Jul 6, 2026
20231×
0.10Jul 7, 2023
20221×
0.30May 20, 2022
20211×
0.75Jun 4, 2021