Senmiao Technology Limited (AIHS) Financial Statements (2024 and earlier)

Company Profile

Business Address 16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD.
CHENGDU, SICHUAN, 610000
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6101,5381,1854,4488445,021
Cash and cash equivalents1,6101,5381,1854,4488445,021
Receivables1,6478641,1001,477486695
Inventory, net of allowances, customer advances and progress billings 7 2861281,0011,508
Inventory 7 2861281,0011,508
Prepaid expense1,4381,3632,7133,9052,799112
Disposal group, including discontinued operation    393827 
Deposits current assets    490295
Other current assets    73 
Other undisclosed current assets152180314542883,768
Total current assets:4,8553,9455,60010,8936,60611,399
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6246903064,7795,440
Operating lease, right-of-use asset  174110499474
Property, plant and equipment3,3433,5305,6593,706480126
Long-term investments and receivables 05,3736,701284896 
Due from related parties 5,3526,636   
Long-term investments  19201514 
Accounts and financing receivable, after allowance for credit loss 0245269882 
Intangible assets, net (including goodwill), including:774820960968778296
Goodwill    135  
Intangible assets, net (excluding goodwill)774820960968778296
Other undisclosed intangible assets, net (including goodwill)    (135)  
Disposal group, including discontinued operation, noncurrent assets 716     
Other noncurrent assets 838    
Other receivable, after allowance for credit loss
Other undisclosed noncurrent assets3,9261695441,174956493
Total noncurrent assets:9,38411,59414,27911,4109,025915
TOTAL ASSETS:14,23915,53919,87822,30315,63112,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4103221,2901,3751,0161,082
Taxes payable5171622
Employee-related liabilities1,1761,307891615
Accounts payable1846114454247
Accrued liabilities227261946104198
Deferred revenue14812112115690
Debt2804673336,0133,998170
Disposal group, including discontinued operation4884865282,3374,516 
Due to related parties 11712353153416
Contract with customer, liability39
Other liabilities9     
Other undisclosed current liabilities3,8503,2533,8826,5461,3602,047
Total current liabilities:5,1854,7656,16616,77911,1333,754
Noncurrent Liabilities
Long-term debt and lease obligation388289492,5652,937178
Long-term debt, excluding current maturities   4564178
Finance lease, liability38828912,2572,576
Liabilities, other than long-term debt431404645  
Deferred income tax liabilities43434645 
Operating lease, liability  9748264297
Other undisclosed noncurrent liabilities1265222734288 
Total noncurrent liabilities:5574823232,9523,026178
Total liabilities:5,7425,2476,48819,73114,1583,931
Temporary equity, carrying amount269286821   
Equity
Equity, attributable to parent4,3945,6898,0935,8572,8048,375
Common stock111533
Additional paid in capital43,35643,33942,80340,75527,01323,833
Accumulated other comprehensive loss(1,247)(1,328)(109)(839)(507)(429)
Accumulated deficit(37,715)(36,324)(34,602)(34,065)(23,705)(15,032)
Equity, attributable to noncontrolling interest3,8334,3174,476(3,284)(1,331)7
Total equity:8,22810,00612,5692,5731,4728,383
TOTAL LIABILITIES AND EQUITY:14,23915,53919,87822,30315,63112,314

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Other undisclosed income before gain (loss) on sale of properties8,228  
Revenues8,0839,81811,7436,16815,7682,921
Cost of revenue(6,590)(2,544)(6,511)(5,969)(12,280)(1,812)
Cost of goods and services sold(6,590)(3,491)    
Provision for loan, lease, and other losses     (3,404) 
Other undisclosed gross profit  (6,830)(6,830)(7)(112) 
Gross profit:1,493444(1,598)1913,3751,109
Operating expenses(7,633)(4,583)(9,964)(10,376)(8,972)(5,558)
Operating loss:(6,141)(4,139)(11,562)(10,185)(5,597)(4,449)
Nonoperating income (expense)2,3504,2355,960(2,401)1,281(38)
Other nonoperating income (expense)664547(107)88(45)(38)
Interest and debt expense 31(6)(46)(97)(34)
Income (loss) from continuing operations before equity method investments, income taxes:(3,791)128(5,607)(12,632)(4,412)(4,521)
Other undisclosed income (loss) from continuing operations before income taxes (31)64697 
Income (loss) from continuing operations before income taxes:(3,791)96(5,602)(12,586)(4,316)(4,521)
Income tax expense  (0)(5)(15)(33)(22)
Income (loss) from continuing operations:(3,791)96(5,606)(12,601)(4,349)(4,543)
Income (loss) before gain (loss) on sale of properties:9,3112,622(12,663)(9,936)(4,543)
Income (loss) from discontinued operations   8,228(62)(5,587) 
Net income (loss):(3,791)8,3242,622(12,663)(9,936)(4,543)
Net income (loss) attributable to noncontrolling interest677(5,624)(3,873)2,3031,262(7)
Other undisclosed net income attributable to parent 714714   
Net income (loss) attributable to parent:(3,114)3,415(537)(10,360)(8,673)(4,550)
Undistributed earnings (loss) allocated to participating securities, basic  (49)    
Net income (loss) available to common stockholders, diluted:(3,114)3,366(537)(10,360)(8,673)(4,550)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(3,791)8,3242,622(12,663)(9,936)(4,543)
Other undisclosed comprehensive income (loss)(1,104)(1,161)64(315)(155)(175)
Comprehensive income (loss):(4,894)7,1632,686(12,977)(10,091)(4,718)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest643(4,968)(3,143)2,2861,339(7)
Comprehensive income (loss), net of tax, attributable to parent:(4,251)2,195(456)(10,691)(8,752)(4,725)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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