China United Insurance Service, Inc. (CUII) Financial Statements (2024 and earlier)

Company Profile

Business Address 7F, NO. 311 SECTION 3,
TAIPEI CITY, 00000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26,37418,23410,33612,61516,69515,474
Cash and cash equivalents25,55818,2349,06312,61516,66415,474
Short-term investments817 1,273 31 
Restricted cash and investments     3,321 
Receivables27,56226,76225,34622,54215,65916,553
Prepaid expense     32788
Contract with customer, asset, after allowance for credit loss     
Other current assets1,1471,2071,4912,1011,1562,193
Other undisclosed current assets66,97064,29953,34038,73225,05619,412
Total current assets:122,053110,50390,51375,98962,21353,720
Noncurrent Assets
Operating lease, right-of-use asset7,1626,4496,5255,523
Property, plant and equipment1,6342,0622,3731,4031,196946
Long-term investments and receivables2,3362,6972,8352,6932,4781,400
Long-term investments2,3362,6972,8352,6932,4781,400
Intangible assets, net (including goodwill)334333382518576948
Goodwill      32
Intangible assets, net (excluding goodwill)334333382518576916
Deposits noncurrent assets      1,076
Restricted cash and investments8886643655 
Deferred income tax assets9999091,022 
Other noncurrent assets4,3674,7414,0123,0731,7652,400
Other undisclosed noncurrent assets      (5,048)
Total noncurrent assets:16,84017,27917,21513,2536,6691,722
Other undisclosed assets      3,831
TOTAL ASSETS:138,893127,782107,72889,24268,88259,273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,22114,00412,08812,5468,0143,509
Taxes payable    3,509
Accrued liabilities16,22114,00412,08812,5468,014 
Deferred revenue155 1,119 
Debt21,00918,83614,15910,3428,4362,550
Due to related parties545194463997590
Other liabilities12,59413,99813,59111,6577,34912,790
Other undisclosed current liabilities6,4776,9526,1892,3891,599 
Total current liabilities:56,51053,84047,24137,39726,39519,439
Noncurrent Liabilities
Long-term debt and lease obligation  3,2983,4403,049 249
Long-term debt, excluding current maturities      249
Liabilities, other than long-term debt5,8501,4711,5722,5741,488481
Accounts payable and accrued liabilities3005407208151,007 
Deferred revenue1,242  1,049
Liability, pension and other postretirement and postemployment benefits306389319208  
Due to related parties 489542534501481481
Operating lease, liability3,5143,2983,4403,049
Other undisclosed noncurrent liabilities   2374712,0574,362
Total noncurrent liabilities:5,8504,7695,2506,0943,5445,091
Total liabilities:62,36058,60952,49143,49129,93924,530
Equity
Equity, attributable to parent, including:43,34638,75430,64126,23922,59221,008
Preferred stock000000
Common stock000000
Additional paid in capital9,2979,2978,1908,1908,1908,190
Accumulated other comprehensive income (loss)(1,844)4,6653,889417(171)616
Retained earnings23,37913,6909,0979,4027,2736,420
Other undisclosed equity, attributable to parent12,51411,1019,4648,2297,2995,781
Equity, attributable to noncontrolling interest33,18630,41924,59619,51316,35113,736
Total equity:76,53269,17355,23745,75138,94334,743
TOTAL LIABILITIES AND EQUITY:138,893127,782107,72889,24268,88259,273

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

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues131,930131,363124,26795,91978,66872,848
Revenue, net72,848
Cost of revenue(86,846)(84,943)(87,695)(65,343)(49,315)(42,801)
Cost of goods and services sold(86,846)(84,943)(87,695)(65,343)  
Gross profit:45,08446,42036,57230,57629,35330,047
Operating expenses(26,944)(29,687)(30,181)(22,922)(21,416)(17,304)
Operating income:18,14016,7336,3917,6557,93712,743
Nonoperating income (expense)2,850(85)519471,090948
Investment income, nonoperating721449454453801671
Gain, foreign currency transaction, before tax2,003     
Other nonoperating income (expense)275498(590)334419312
Interest and debt expense(316)(81)(202)(208)(131)(35)
Income from continuing operations before equity method investments, income taxes:20,67416,5676,2398,3938,89613,656
Other undisclosed income from continuing operations before income taxes3168120220813135
Income from continuing operations before income taxes:20,99016,6486,4428,6019,02713,692
Income tax expense(3,979)(4,995)(3,408)(2,704)(3,610)(3,514)
Income from continuing operations:17,01011,6533,0345,8975,41710,178
Income before gain (loss) on sale of properties:11,6533,0345,8975,41710,178
Net income:17,01011,6533,0345,8975,41710,178
Net loss attributable to noncontrolling interest(5,909)(5,423)(2,104)(2,838)(3,045)(3,023)
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:11,1016,2309303,0592,3717,155

Comprehensive Income ($ in thousands)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:17,01011,6533,0345,8975,41710,178
Other undisclosed comprehensive income (loss)(9,651)1,1765,0231,006  
Comprehensive income:7,36012,8298,0576,9025,41710,178
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,767)(5,824)(3,655)(3,255)(3,045)(3,964)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (787)2,225
Comprehensive income, net of tax, attributable to parent:4,5937,0064,4033,6471,5848,439

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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