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 investments2,4461704582633,2673,4326,401
Cash and cash equivalents2,4461704582633,2673,4326,401
Restricted cash and investments    3,5091,2851,494
Contract with customer, asset13,29613,72414,25512,66912,583
Deposits current assets   16,14020,234  
Costs in excess of billings12,67311,891
Other current assets5,5888,3598,1332,0321,4091,5302,722
Other undisclosed current assets   88,61798,894166,360113,186
Total current assets:21,33022,25322,846119,721139,895185,280135,694
Noncurrent Assets
Property, plant and equipment558558571614718826793
Long-term investments and receivables3,0573,0242,8702,7262,8372,9282,921
Accounts and financing receivable, after allowance for credit loss3,0573,0242,8702,7262,8372,9282,921
Deposits noncurrent assets   1,0441,915  
Other undisclosed noncurrent assets   223,789223,032190,618216,981
Total noncurrent assets:3,6153,5823,441228,172228,502194,373220,695
Other undisclosed assets363,573359,166327,678    
TOTAL ASSETS:388,519385,001353,964347,893368,397379,653356,389
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities38,25143,20147,21744,83739,00644,46649,623
Accounts payable13,95018,25925,41527,92820,50724,04830,574
Accrued liabilities1,2221,9881,9203,0263,0063,1583,205
Taxes payable23,07922,95419,88113,88315,49317,25915,844
Deferred revenue21,80219,80419,40616,140
Debt120,965119,636109,93777,33355,61128,5456,126
Due to related parties   2,1292,1422,3052,710
Billings in excess of cost4,2472,111
Customer advances and deposits24,61416,790
Contract with customer, liability20,234
Other liabilities9,2026,4314,0285,2894,8953,8975,201
Other undisclosed current liabilities   3,7227,7241,9661,911
Total current liabilities:190,220189,072180,588149,450129,612110,04084,472
Noncurrent Liabilities
Long-term debt and lease obligation   29,46566,88598,79799,843
Long-term debt, excluding current maturities   29,46566,88598,79799,843
Liabilities, other than long-term debt   9,0518,9447,60615,795
Customer advances or deposits2,31510,687
Accounts payable and accrued liabilities   8,0074,9615,121 
Deferred revenue   1,044
Contract with customer, liability1,915
Deferred tax liabilities, net2,0681715,108
Other undisclosed noncurrent liabilities   1,2281,2781,3191,330
Total noncurrent liabilities:   39,74477,107107,723116,968
Other undisclosed liabilities5,0695,2315,050    
Total liabilities:195,289194,303185,638189,193206,719217,763201,440
Stockholders' equity
Stockholders' equity attributable to parent193,229190,698168,326158,700161,678161,889154,949
Common stock26262345454545
Additional paid in capital136,535136,535129,930129,908129,908129,853129,794
Accumulated other comprehensive income (loss)4,5162,349(7,039)(15,684)(9,004)(3,495)(4,046)
Retained earnings52,15251,78845,41244,43140,72935,48629,157
Total stockholders' equity:193,229190,698168,326158,700161,678161,889154,949
TOTAL LIABILITIES AND EQUITY:388,519385,001353,964347,893368,397379,653356,389

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
Revenues58,28158,49112,78639,57565,48757,45540,577
Revenue, net57,45540,577
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:12,46711,9817139,32215,59711,8659,803
Operating expenses(3,345)(2,878)(2,905)(3,156)(3,374)(3,746)(3,585)
Operating income (loss):9,1229,103(2,192)6,16512,2238,1196,218
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(141)(247)4,081(310)(1,407)20
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:8,9788,8561,8235,72410,3167,6245,994
Other undisclosed income from continuing operations before income taxes76     
Income from continuing operations before income taxes:8,9858,8621,8235,72410,3167,6245,994
Income tax expense(2,537)(2,487)(842)(2,022)(5,073)(1,295)(975)
Net income available to common stockholders, diluted:6,4486,3759813,7025,2436,3295,019

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:6,4486,3759813,7025,2436,3295,019
Comprehensive income:6,4486,3759813,7025,2436,3295,019
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,5659,3888,644(6,680)(5,509)552(7,605)
Comprehensive income (loss), net of tax, attributable to parent:11,01315,7649,626(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.

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