D17

Listed Company · UPCOM

Price

—

Latest close

P/E —

EPS (TTM) —

ROE (TTM) —

P/B —

BVPS (Latest) 21,967

ROA (TTM) —

What Is Changing

D17 is entering a phase where earnings quality matters more than pure top-line recovery. The next question is whether current profit momentum can hold through the next cycle.

Not enough clean history to infer a simple trend.

Metric	2022
Revenue	116.4
Growth	—
Net Income	32.5
Net Margin	27.95%

Financial Statements

Profitability

Net margin reached 27.95% and still needs validation through the next few periods.

Balance Sheet

Inventory stood at 36.8bn, liabilities at 51.6bn, and equity at 121.0bn.

Cash Flow

Operating cash flow was 14.1bn in 2022, while investing cash flow was 1.6bn.

Financing cash flow: -18.3bn.

Item	2022
Revenue	116.4
Revenue Deductions	0.0
Net Revenue	116.4
Cost of Goods Sold	59.9
Gross Profit	56.5
Financial Income	2.6
Financial Expenses	0.0
Interest Expense	0.0
Share of Associates and Joint Ventures	0.0
Selling Expenses	2.3
General and Administrative Expenses	15.6
Operating Profit	41.3
Other Income	0.2
Other Expenses	0.1
Other Profit	0.1
Profit Before Tax	41.4
Current Income Tax Expense	8.8
Deferred Income Tax Expense	0.0
Net Income	32.5
Non-controlling Interest	0.0
Profit Attributable to Parent	32.5
Earnings per Share	5,875.00
Diluted EPS	6,184.15

Item	2022
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	137.8
I. Cash and cash equivalents	29.8
1. Cash	29.8
2. Cash equivalents	0.0
II. Short-term financial investments	60.0
1. Available for sale securities	0.0
2. Provision for diminution in value of available for sale securities (*)	0.0
3. Held to maturity investments	60.0
III. Short-term receivables	11.2
1. Short-term trade accounts receivable	1.0
2. Short-term prepayments to suppliers	2.0
3. Short-term inter-company receivables	0.0
4. Construction contract progress receipts due from customers	0.0
5. Short-term loan receivables	0.0
6. Other short-term receivables	10.1
7. Provision for short-term doubtful debts (*)	-1.8
8. Assets awaiting resolution	0.0
IV. Inventories	36.8
1. Inventories	36.8
2. Provision for decline in value of inventories	0.0
V. Other short-term assets	0.1
1. Short-term prepayments	0.0
2. Value added tax to be reclaimed	0.0
3. Taxes and other receivables from state authorities	0.1
4. Government bonds	0.0
5. Other short-term assets	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	34.7
I. Long-term receivables	2.0
1. Long-term trade receivables	0.0
2. Long-term prepayments to suppliers	0.0
3. Capital at inter-company	0.0
4. Long-term inter-company receivables	0.0
5. Long-term loan receivables	0.0
6. Other long-term receivables	2.0
7. Provision for long-term doubtful debts	0.0
II. Fixed assets	5.0
1. Tangible fixed assets	4.9
- Cost	17.7
- Accumulated depreciation	-12.8
2. Financial leased fixed assets	0.0
- Cost	0.0
- Accumulated depreciation	0.0
3. Intangible fixed assets	0.1
- Cost	3.6
- Accumulated depreciation	-3.6
III. Investment properties	0.0
- Cost	0.0
- Accumulated depreciation	0.0
IV. Long-term assets in progress	22.7
1. Long-term production in progress	0.0
2. Construction in progress	22.7
V. Long-term financial investments	0.0
1. Investments in subsidiaries	0.0
2. Investments in associates, joint-ventures	0.0
3. Investments in other entities	0.0
4. Provision for diminution in value of long-term investments	0.0
5. Held to maturity investments	0.0
6. Other long-term investments	0.0
VI. Other long-term assets	5.1
1. Long-term prepayments	5.1
2. Deferred income tax assets	0.0
3. Long-term equipment, supplies, spare parts	0.0
4. Other long-term assets	0.0
5. Goodwill	0.0
VII. Goodwill (before 2015)	0.0
TOTAL ASSETS (280=100+200)	172.5
A. LIABILITIES (300=210+330)	51.6
I. Short -term liabilities	51.1
1. Short-term trade accounts payable	12.0
2. Short-term advances from customers	3.8
3. Taxes and other payables to state authorities	6.4
4. Payable to employees	1.9
5. Short-term acrrued expenses	0.0
6. Short-term inter-company payables	0.0
7. Construction contract progress payments due to suppliers	0.0
8. Short-term unearned revenue	0.0
9. Other short-term payables	22.5
10. Short-term borrowings and financial leases	0.0
11. Provision for short-term liabilities	0.0
12.. Bonus and welfare fund	4.5
13. Price stabilization fund	0.0
14. Government bonds	0.0
II. Long-term liabilities	0.5
1. Long-term trade payables	0.0
2. Long-term advances from customers	0.0
3. Long-term acrrued expenses	0.0
4. Inter-company payables on business capital	0.0
5. Long-term inter-company payables	0.0
6. Long-term unearned revenue	0.0
7. Other long-term liabilities	0.5
8. Long-term borrowings and financial leases	0.0
9. Convertible bonds	0.0
10. Preferred stock (Debts)	0.0
11. Deferred income tax liabilities	0.0
12. Provision for long-term liabilities	0.0
13. Fund for technology development	0.0
14. Provision for severance allowances	0.0
B. OWNER'S EQUITY (400=410+430)	121.0
I. Owner's equity	121.0
1. Owner's capital	52.6
- Common stock with voting right	52.6
- Preferred stock	0.0
2. Share premium	0.0
3. Convertible bond option	0.0
4. Other capital of owners	0.0
5. Treasury shares	0.0
6. Assets revaluation differences	0.0
7. Foreign exchange differences	0.0
8. Investment and development fund	36.7
9. Fund to support corporate restructuring	0.0
10. Other funds from owner's equity	0.0
11. Undistributed earnings after tax	31.7
- Accumulated retained earning at the end of the previous period	7.4
- Undistributed earnings in this period	24.3
12. Reserves for investment in construction	0.0
13. Minority's interest	0.0
14. Financial reserves	0.0
II. Other resources and funds	0.0
1. Subsidized not-for-profit funds	0.0
2. Funds invested in fixed assets	0.0
C. MINORITY'S INTEREST	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	172.5

Item	2022
Profit Before Tax	0.0
Depreciation of Fixed Assets and Investment Property	0.0
Provision (Increase)/Reversal	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0
Gain/Loss from Investment Activities	0.0
Interest Expense	0.0
Gain/Loss on Disposal of Fixed Assets	0.0
Interest Income and Dividends	0.0
Amortization of Goodwill	0.0
Other Adjustments	0.0
Operating Profit Before Changes in Working Capital	0.0
Increase/(Decrease) in Receivables	0.0
Increase/(Decrease) in Inventory	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.0
Increase/(Decrease) in Prepaid Expenses	0.0
Changes in Trading Securities	0.0
Interest Paid	0.0
Corporate Income Tax Paid	-4.9
Other Operating Receipts	1.0
Other Operating Payments	-60.2
Net Cash Flow from Operating Activities	14.1
Payments for Fixed Assets and Other Long-term Assets	-1.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0
Loans and Purchases of Debt Instruments	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0
Investments in Other Entities	0.0
Proceeds from Investments in Other Entities	0.0
Dividends and Interest Income Received	2.6
Increase/(Decrease) in Term Deposits	0.0
Acquisition of Non-controlling Interests	0.0
Other Investing Receipts	0.0
Other Investing Payments	0.0
Net Cash Flow from Investing Activities	1.6
Proceeds from Equity Issuance and Capital Contributions	0.0
Share Repurchases	0.0
Proceeds from Borrowings	0.0
Repayment of Borrowings	0.0
Repayment of Finance Leases	0.0
Dividends Paid	-18.3
Other Financing Receipts	0.0
Other Financing Payments	0.0
Net Cash Flow from Financing Activities	-18.3
Net Cash Flow During the Period	-2.6
Cash and Cash Equivalents at Beginning of Period	32.4
FX Difference from Revaluation	0.0
Cash and Cash Equivalents at End of Period	29.8

Item	Q2'23
Revenue	19.6
Revenue Deductions	0.0
Net Revenue	19.6
Cost of Goods Sold	8.4
Gross Profit	11.2
Financial Income	0.9
Financial Expenses	0.0
Interest Expense	0.0
Share of Associates and Joint Ventures	0.0
Selling Expenses	0.4
General and Administrative Expenses	2.5
Operating Profit	9.2
Other Income	0.0
Other Expenses	0.0
Other Profit	0.0
Profit Before Tax	9.2
Current Income Tax Expense	1.8
Deferred Income Tax Expense	0.0
Net Income	7.4
Non-controlling Interest	0.0
Profit Attributable to Parent	7.4
Earnings per Share	1,335.00
Diluted EPS	1,405.00

Item	Q2'23
A. SHORT-TERM ASSETS (100=110+120+130+140+150)	142.3
I. Cash and cash equivalents	15.9
1. Cash	15.9
2. Cash equivalents	0.0
II. Short-term financial investments	57.0
1. Available for sale securities	0.0
2. Provision for diminution in value of available for sale securities (*)	0.0
3. Held to maturity investments	57.0
III. Short-term receivables	10.8
1. Short-term trade accounts receivable	1.1
2. Short-term prepayments to suppliers	2.0
3. Short-term inter-company receivables	0.0
4. Construction contract progress receipts due from customers	0.0
5. Short-term loan receivables	0.0
6. Other short-term receivables	9.5
7. Provision for short-term doubtful debts (*)	-1.8
8. Assets awaiting resolution	0.0
IV. Inventories	58.7
1. Inventories	58.7
2. Provision for decline in value of inventories	0.0
V. Other short-term assets	0.0
1. Short-term prepayments	0.0
2. Value added tax to be reclaimed	0.0
3. Taxes and other receivables from state authorities	0.0
4. Government bonds	0.0
5. Other short-term assets	0.0
B. LONG-TERM ASSETS (200=210+220+240+250+260+270)	33.9
I. Long-term receivables	2.3
1. Long-term trade receivables	0.0
2. Long-term prepayments to suppliers	0.0
3. Capital at inter-company	0.0
4. Long-term inter-company receivables	0.3
5. Long-term loan receivables	0.0
6. Other long-term receivables	2.0
7. Provision for long-term doubtful debts	0.0
II. Fixed assets	4.6
1. Tangible fixed assets	4.5
- Cost	17.7
- Accumulated depreciation	-13.2
2. Financial leased fixed assets	0.0
- Cost	0.0
- Accumulated depreciation	0.0
3. Intangible fixed assets	0.1
- Cost	0.0
- Accumulated depreciation	0.0
III. Investment properties	0.0
- Cost	0.0
- Accumulated depreciation	0.0
IV. Long-term assets in progress	22.7
1. Long-term production in progress	0.0
2. Construction in progress	22.7
V. Long-term financial investments	0.0
1. Investments in subsidiaries	0.0
2. Investments in associates, joint-ventures	0.0
3. Investments in other entities	0.0
4. Provision for diminution in value of long-term investments	0.0
5. Held to maturity investments	0.0
6. Other long-term investments	0.0
VI. Other long-term assets	4.3
1. Long-term prepayments	4.3
2. Deferred income tax assets	0.0
3. Long-term equipment, supplies, spare parts	0.0
4. Other long-term assets	0.0
5. Goodwill	0.0
VII. Goodwill (before 2015)	0.0
TOTAL ASSETS (280=100+200)	176.2
A. LIABILITIES (300=210+330)	60.6
I. Short -term liabilities	60.2
1. Short-term trade accounts payable	7.1
2. Short-term advances from customers	4.5
3. Taxes and other payables to state authorities	4.2
4. Payable to employees	0.6
5. Short-term acrrued expenses	0.0
6. Short-term inter-company payables	0.0
7. Construction contract progress payments due to suppliers	0.0
8. Short-term unearned revenue	0.0
9. Other short-term payables	35.8
10. Short-term borrowings and financial leases	0.0
11. Provision for short-term liabilities	0.0
12.. Bonus and welfare fund	8.0
13. Price stabilization fund	0.0
14. Government bonds	0.0
II. Long-term liabilities	0.5
1. Long-term trade payables	0.0
2. Long-term advances from customers	0.0
3. Long-term acrrued expenses	0.0
4. Inter-company payables on business capital	0.0
5. Long-term inter-company payables	0.0
6. Long-term unearned revenue	0.0
7. Other long-term liabilities	0.5
8. Long-term borrowings and financial leases	0.0
9. Convertible bonds	0.0
10. Preferred stock (Debts)	0.0
11. Deferred income tax liabilities	0.0
12. Provision for long-term liabilities	0.0
13. Fund for technology development	0.0
14. Provision for severance allowances	0.0
B. OWNER'S EQUITY (400=410+430)	115.5
I. Owner's equity	115.5
1. Owner's capital	52.6
- Common stock with voting right	52.6
- Preferred stock	0.0
2. Share premium	0.0
3. Convertible bond option	0.0
4. Other capital of owners	0.0
5. Treasury shares	0.0
6. Assets revaluation differences	0.0
7. Foreign exchange differences	0.0
8. Investment and development fund	43.8
9. Fund to support corporate restructuring	0.0
10. Other funds from owner's equity	0.0
11. Undistributed earnings after tax	19.1
- Accumulated retained earning at the end of the previous period	7.9
- Undistributed earnings in this period	11.2
12. Reserves for investment in construction	0.0
13. Minority's interest	0.0
14. Financial reserves	0.0
II. Other resources and funds	0.0
1. Subsidized not-for-profit funds	0.0
2. Funds invested in fixed assets	0.0
C. MINORITY'S INTEREST	0.0
TOTAL OWNER'S EQUITY AND LIABILITIES (440=300+400+500)	176.2

Item	Q2'23
Profit Before Tax	0.0
Depreciation of Fixed Assets and Investment Property	0.0
Provision (Increase)/Reversal	0.0
FX Gain/Loss from Revaluation of Monetary Items	0.0
Gain/Loss from Investment Activities	0.0
Interest Expense	0.0
Gain/Loss on Disposal of Fixed Assets	0.0
Interest Income and Dividends	0.0
Amortization of Goodwill	0.0
Other Adjustments	0.0
Operating Profit Before Changes in Working Capital	0.0
Increase/(Decrease) in Receivables	0.0
Increase/(Decrease) in Inventory	0.0
Increase/(Decrease) in Payables (Excl. Interest and CIT)	0.0
Increase/(Decrease) in Prepaid Expenses	0.0
Changes in Trading Securities	0.0
Interest Paid	0.0
Corporate Income Tax Paid	-0.9
Other Operating Receipts	0.7
Other Operating Payments	-11.9
Net Cash Flow from Operating Activities	-8.5
Payments for Fixed Assets and Other Long-term Assets	0.0
Proceeds from Disposal of Fixed Assets and Long-term Assets	0.0
Loans and Purchases of Debt Instruments	0.0
Receipts from Loan Repayments and Sale of Debt Instruments	0.0
Investments in Other Entities	0.0
Proceeds from Investments in Other Entities	0.0
Dividends and Interest Income Received	0.9
Increase/(Decrease) in Term Deposits	0.0
Acquisition of Non-controlling Interests	0.0
Other Investing Receipts	0.0
Other Investing Payments	0.0
Net Cash Flow from Investing Activities	3.9
Proceeds from Equity Issuance and Capital Contributions	0.0
Share Repurchases	0.0
Proceeds from Borrowings	0.0
Repayment of Borrowings	0.0
Repayment of Finance Leases	0.0
Dividends Paid	0.0
Other Financing Receipts	0.0
Other Financing Payments	0.0
Net Cash Flow from Financing Activities	0.0
Net Cash Flow During the Period	-4.6
Cash and Cash Equivalents at Beginning of Period	20.5
FX Difference from Revaluation	0.0
Cash and Cash Equivalents at End of Period	15.9

Need support? If you need support with content lookup or want to provide feedback about content on the website, please contact us below.

D17

What Is Changing

Financial Statements

Profitability

Balance Sheet

Cash Flow

Related Research