China HGS Real Estate, Inc. (HGSH) financial statements (2023 and earlier)
Company profile
| Business Address |
6 XINGHAN ROAD, 19TH FLOOR, HANZHONG SHAANXI, 723000 |
| State of Incorp. | |
| Fiscal Year End | September 30 |
| SIC | 65 - Real Estate (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,446 | 170 | 458 | 263 | 3,267 | 3,432 | 6,401 | ||
| Cash and cash equivalents | 2,446 | 170 | 458 | 263 | 3,267 | 3,432 | 6,401 | ||
| Restricted cash and investments | 3,509 | 1,285 | 1,494 | ||||||
| Contract with customer, asset | 13,296 | 13,724 | 14,255 | 12,669 | 12,583 | ✕ | ✕ | ||
| Deposits current assets | 16,140 | 20,234 | |||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | 12,673 | 11,891 | ||
| Other current assets | 5,588 | 8,359 | 8,133 | 2,032 | 1,409 | 1,530 | 2,722 | ||
| Other undisclosed current assets | 88,617 | 98,894 | 166,360 | 113,186 | |||||
| Total current assets: | 21,330 | 22,253 | 22,846 | 119,721 | 139,895 | 185,280 | 135,694 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 558 | 558 | 571 | 614 | 718 | 826 | 793 | ||
| Long-term investments and receivables | 3,057 | 3,024 | 2,870 | 2,726 | 2,837 | 2,928 | 2,921 | ||
| Accounts and financing receivable, after allowance for credit loss | 3,057 | 3,024 | 2,870 | 2,726 | 2,837 | 2,928 | 2,921 | ||
| Deposits noncurrent assets | 1,044 | 1,915 | |||||||
| Other undisclosed noncurrent assets | 223,789 | 223,032 | 190,618 | 216,981 | |||||
| Total noncurrent assets: | 3,615 | 3,582 | 3,441 | 228,172 | 228,502 | 194,373 | 220,695 | ||
| Other undisclosed assets | 363,573 | 359,166 | 327,678 | ||||||
| TOTAL ASSETS: | 388,519 | 385,001 | 353,964 | 347,893 | 368,397 | 379,653 | 356,389 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 38,251 | 43,201 | 47,217 | 44,837 | 39,006 | 44,466 | 49,623 | ||
| Accounts payable | 13,950 | 18,259 | 25,415 | 27,928 | 20,507 | 24,048 | 30,574 | ||
| Accrued liabilities | 1,222 | 1,988 | 1,920 | 3,026 | 3,006 | 3,158 | 3,205 | ||
| Taxes payable | 23,079 | 22,954 | 19,881 | 13,883 | 15,493 | 17,259 | 15,844 | ||
| Deferred revenue | 21,802 | 19,804 | 19,406 | 16,140 | ✕ | ✕ | ✕ | ||
| Debt | 120,965 | 119,636 | 109,937 | 77,333 | 55,611 | 28,545 | 6,126 | ||
| Due to related parties | 2,129 | 2,142 | 2,305 | 2,710 | |||||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | 4,247 | 2,111 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 24,614 | 16,790 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 20,234 | ✕ | ✕ | ||
| Other liabilities | 9,202 | 6,431 | 4,028 | 5,289 | 4,895 | 3,897 | 5,201 | ||
| Other undisclosed current liabilities | 3,722 | 7,724 | 1,966 | 1,911 | |||||
| Total current liabilities: | 190,220 | 189,072 | 180,588 | 149,450 | 129,612 | 110,040 | 84,472 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 29,465 | 66,885 | 98,797 | 99,843 | |||||
| Long-term debt, excluding current maturities | 29,465 | 66,885 | 98,797 | 99,843 | |||||
| Liabilities, other than long-term debt | 9,051 | 8,944 | 7,606 | 15,795 | |||||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 2,315 | 10,687 | ||
| Accounts payable and accrued liabilities | 8,007 | 4,961 | 5,121 | ||||||
| Deferred revenue | 1,044 | ✕ | ✕ | ✕ | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 1,915 | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 2,068 | 171 | 5,108 | ||
| Other undisclosed noncurrent liabilities | 1,228 | 1,278 | 1,319 | 1,330 | |||||
| Total noncurrent liabilities: | 39,744 | 77,107 | 107,723 | 116,968 | |||||
| Other undisclosed liabilities | 5,069 | 5,231 | 5,050 | ||||||
| Total liabilities: | 195,289 | 194,303 | 185,638 | 189,193 | 206,719 | 217,763 | 201,440 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 193,229 | 190,698 | 168,326 | 158,700 | 161,678 | 161,889 | 154,949 | ||
| Common stock | 26 | 26 | 23 | 45 | 45 | 45 | 45 | ||
| Additional paid in capital | 136,535 | 136,535 | 129,930 | 129,908 | 129,908 | 129,853 | 129,794 | ||
| Accumulated other comprehensive income (loss) | 4,516 | 2,349 | (7,039) | (15,684) | (9,004) | (3,495) | (4,046) | ||
| Retained earnings | 52,152 | 51,788 | 45,412 | 44,431 | 40,729 | 35,486 | 29,157 | ||
| Total stockholders' equity: | 193,229 | 190,698 | 168,326 | 158,700 | 161,678 | 161,889 | 154,949 | ||
| TOTAL LIABILITIES AND EQUITY: | 388,519 | 385,001 | 353,964 | 347,893 | 368,397 | 379,653 | 356,389 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 58,281 | 58,491 | 12,786 | 39,575 | 65,487 | 57,455 | 40,577 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 57,455 | 40,577 | |
| Cost of revenue (Cost of Goods and Services Sold) | (461) | (424) | (194) | (389) | (1,248) | (45,590) | (30,773) | |
| Other undisclosed gross profit | (45,353) | (46,086) | (11,879) | (29,864) | (48,642) | |||
| Gross profit: | 12,467 | 11,981 | 713 | 9,322 | 15,597 | 11,865 | 9,803 | |
| Operating expenses | (3,345) | (2,878) | (2,905) | (3,156) | (3,374) | (3,746) | (3,585) | |
| Operating income (loss): | 9,122 | 9,103 | (2,192) | 6,165 | 12,223 | 8,119 | 6,218 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (141) | (247) | 4,081 | (310) | (1,407) | 2 | 0 | |
| Interest and debt expense | (66) | (131) | (500) | (498) | (225) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (3) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 8,978 | 8,856 | 1,823 | 5,724 | 10,316 | 7,624 | 5,994 | |
| Other undisclosed income from continuing operations before income taxes | 7 | 6 | ||||||
| Income from continuing operations before income taxes: | 8,985 | 8,862 | 1,823 | 5,724 | 10,316 | 7,624 | 5,994 | |
| Income tax expense | (2,537) | (2,487) | (842) | (2,022) | (5,073) | (1,295) | (975) | |
| Net income available to common stockholders, diluted: | 6,448 | 6,375 | 981 | 3,702 | 5,243 | 6,329 | 5,019 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | 9/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 6,448 | 6,375 | 981 | 3,702 | 5,243 | 6,329 | 5,019 | |
| Comprehensive income: | 6,448 | 6,375 | 981 | 3,702 | 5,243 | 6,329 | 5,019 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4,565 | 9,388 | 8,644 | (6,680) | (5,509) | 552 | (7,605) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 11,013 | 15,764 | 9,626 | (2,978) | (266) | 6,881 | (2,586) | |
Statements sources
The financial statements are based on the company's filings with the 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.