China Dongsheng International, Inc. Financial Ratios — CDSG

Profitability (USD)

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-362.52	-165.31	1.29	-93.37	-8.8	33.17	68.03	-41.08	-27.83	52.27
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	108.61
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	59.54
EBITDA Margin (%)	-236.37	-162.9	-37.44	-29.72	-44.27	-17.74	3.39	4.57	-19.1	-6.13	52.63
Operating Margin (%)	-245.95	-177.33	-44.38	-34.85	-47.34	-20.56	2	4.21	-19.65	-9.23	52.01
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	146.88	29.51	- -	- -	55.61
Pretax Margin (%)	- -	-185.4	-57.7	0.76	-50.23	-3.62	14.16	30.74	-18.16	-10.55	52.88
Profit Margin (%)	-241.36	-185.4	-57.7	0.76	-50.23	-3.62	13.33	28.9	-18.16	-10.55	35.04
Net Income to Common Margin (%)	-241.36	-185.4	-57.7	0.76	-50.23	-3.62	13.33	28.9	-18.16	-10.55	35.04
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	5.82	5.99	- -	- -	33.74
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

Credit Ratios API ChatGPT

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Total Debt	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Total Debt/EBITDA	-0.04	-0.05	-0.23	-0.38	-0.69	-1.81	5.41	11.7	-0.48	-3.56	0.01
Net Debt/EBITDA	0.02	-0.02	0.15	1.32	-0.16	-0.61	-2.12	6.78	0.9	0.05	-0.03
Total Debt/EBIT	-0.04	-0.05	-0.19	-0.32	-0.65	-1.56	9.18	12.71	-0.46	-2.37	0.01
Net Debt/EBIT	0.02	-0.02	0.13	1.13	-0.15	-0.52	-3.59	7.37	0.88	0.03	-0.03
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	-35.62	-571.45	-727.8	-478.94	-293.73	-340.42	-213.78	-151.93	-204.95	-196.71	50.37
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42
Long-Term Debt/Capital (%)	-76.25	-4.44	-3.41	- -	-22.04	- -	- -	-592.05	- -	- -	0.42
Long-Term Debt/Total Assets (%)	13.28	24.27	24.02	- -	47.53	- -	- -	108.3	- -	- -	0.21
Total Debt/Equity (%)	-51.09	-4.39	-3.3	-3.31	-24.85	-24.91	-18.74	-87.5	-10.86	-27.57	0.42
Total Debt/Capital (%)	-104.45	-4.59	-3.41	-3.42	-33.07	-33.17	-23.06	-700.17	-12.19	-38.06	0.42
Total Debt/Total Assets (%)	18.2	25.07	24.02	15.85	71.33	82.91	39.05	128.08	21.61	52.83	0.21
Net Debt to Equity	25.36	-1.57	2.23	11.51	-5.85	-8.36	7.33	-50.72	20.54	0.35	-2.39
Net Debt/Capital (%)	22.96	-1.6	2.18	10.32	-6.21	-9.12	6.83	-102.93	17.04	0.35	-2.45
EBITDA	-5	-2	-1	- -	-1	- -	- -	- -	- -	- -	16
EBITDA-CapEx	-5	-2	-1	- -	-1	- -	- -	- -	- -	- -	-10
Operating Income (Loss)	-5	-3	-1	- -	-1	- -	- -	- -	- -	- -	16

Liquidity (USD)

Liquidity Ratios API ChatGPT

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Cash Ratio	0.18	0.02	0.05	0.12	0.16	0.13	0.18	0.39	0.38	0.31	0.03
Current Ratio	0.43	0.08	0.09	0.15	0.26	0.21	0.31	0.7	0.54	0.51	0.07
Quick Ratio	0.4	0.08	0.09	0.15	0.26	0.21	0.31	0.69	0.54	0.48	0.03
CFO/Avg Current Liab	- -	-0.04	0.04	0.08	-0.08	0.05	0.12	0.03	0.05	-0.12	2.4
Common Equity/Total Assets	-35.62	-571.45	-727.8	-478.94	-293.73	-340.42	-213.78	-151.93	-204.95	-196.71	50.37
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.42
Long-Term Debt/Capital (%)	-76.25	-4.44	-3.41	- -	-22.04	- -	- -	-592.05	- -	- -	0.42
Long-Term Debt/Total Assets (%)	13.28	24.27	24.02	- -	47.53	- -	- -	108.3	- -	- -	0.21
Total Debt/Equity (%)	-51.09	-4.39	-3.3	-3.31	-24.85	-24.91	-18.74	-87.5	-10.86	-27.57	0.42
Total Debt/Capital (%)	-104.45	-4.59	-3.41	-3.42	-33.07	-33.17	-23.06	-700.17	-12.19	-38.06	0.42
Total Debt/Total Assets (%)	18.2	25.07	24.02	15.85	71.33	82.91	39.05	128.08	21.61	52.83	0.21
CFO/Total Liabilities	-292.44	-2.58	3.6	8.05	-13.03	5.12	11.66	2.53	2.62	-6.2	126.92
CFO/CapEx	-32.26	- -	7.52	19.46	-32.21	7.42	40.26	- -	1.87	-7.28	0.99
Altman's Z-Score	-36.7	-72.07	-63.12	-40.88	-57.82	-64.4	-43.21	-41.33	-48.01	-39.89	6.46

Working Capital (USD)

Working Capital Ratios API ChatGPT

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Accounts Receivable Turnover	- -	6.39	8.13	7.17	8.05	7.11	6.36	5.73	6.63	9.64	232.06
Days Sales Outstanding	- -	57.08	44.87	50.92	45.32	51.34	57.39	63.73	55.02	37.84	1.57
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	340.71
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.07
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	22.81
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-13.36
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.5
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Market Capitalization	3	- -	- -	2	3	1	1	1	1	1	142
- Cash & Cash Equivalents	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	1
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Enterprise Value	3	1	- -	1	3	1	1	1	1	1	141
Total Capital	- -	-3	-4	-4	-1	-1	-1	- -	-1	-1	21
Total Debt/Capital (%)	-104.45	-4.59	-3.41	-3.42	-33.07	-33.17	-23.06	-700.17	-12.19	-38.06	0.42
Total Debt / EV	0.06	0.25	0.35	0.09	0.15	0.4	0.25	0.75	0.1	0.45	- -
EV/Sales	1.64	0.36	0.24	1.31	2.1	0.81	0.75	0.71	0.89	0.49	4.52
EV/EBITDA	- -	- -	- -	- -	- -	- -	22.09	15.5	- -	- -	8.58
EV/EBIT	- -	- -	- -	- -	- -	- -	37.43	16.84	- -	- -	8.68
EV/Cash Flow to Firm	- -	- -	2.29	3.93	- -	9.43	4.43	27.27	26.96	- -	5.44
EV/Free Cash Flow to Firm	- -	- -	2.02	3.74	- -	8.31	4.32	27.27	17.58	- -	2.7
Diluted Market Cap	3	- -	- -	2	3	1	1	1	3	1	50
Diluted Enterprise Value	3	1	- -	1	3	1	1	2	3	1	50
EV per Share	14.86	2.46	1.68	6.83	12.14	4.55	4.88	5.02	5.72	3.84	4.48
TTM Sales	2	2	2	1	1	1	1	2	1	2	31
TTM EBITDA	-5	-2	-1	- -	-1	- -	- -	- -	- -	- -	16
TTM Operating Income	-5	-3	-1	- -	-1	- -	- -	- -	- -	- -	16
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	52

Multiples (USD)

Valuation Multiples API ChatGPT

	1996 Y	1997 Y	1998 Y	1999 Y	2000 Y	2001 Y	2002 Y	2003 Y	2004 Y	2005 Y	2007 Y
As of date	12/31/1996	12/31/1997	12/31/1998	12/31/1999	12/31/2000	12/31/2001	12/31/2002	12/31/2003	12/31/2004	12/31/2005	06/30/2007

Price/Free Cash Flow	-0.8	-5.2	2.47	4.82	-9.53	6.84	4.59	26.43	38.97	-7.31	0.96
EV/EBIT	- -	- -	- -	- -	- -	- -	37.43	16.84	- -	- -	8.68
Enterprise Value	3	1	- -	1	3	1	1	1	1	1	141
Low Price	11.56	1.85	0.74	2.22	6.66	1.48	0.17	1.48	2.66	1.85	1.48
EV/Sales	1.64	0.36	0.24	1.31	2.1	0.81	0.75	0.71	0.89	0.49	4.52
EV/EBITDA	- -	- -	- -	- -	- -	- -	22.09	15.5	- -	- -	8.58
Price/Earnings	- -	- -	- -	220.9	- -	- -	5.96	1.3	- -	- -	4.6
Price/Earnings Average	-4.7	-0.81	-0.95	318.84	-9.93	-32.28	4.38	2.13	-5.92	-5.4	10.71
Price/Earnings High	-9.37	-2.25	-2.71	736.35	-33.18	-89.82	16.18	3.25	-11.44	-12.51	71.81
Price/Earnings Low	-0.5	-0.14	-0.18	55.23	-2.3	-7.19	0.2	0.72	-2.28	-2.23	1.51
Price/Book Value	-9.13	-0.16	-0.12	-0.5	-1.58	-0.51	-0.79	-0.59	-1.2	-0.58	6.83
Price/Book Value Average	-66.19	-0.74	-0.22	-0.72	-3.95	-0.9	-0.58	-0.97	-1.24	-0.7	15.91
Price/Book Value High	-132.06	-2.06	-0.62	-1.66	-13.19	-2.5	-2.15	-1.48	-2.4	-1.62	106.68
Price/Book Value Low	-7.02	-0.13	-0.04	-0.12	-0.91	-0.2	-0.03	-0.33	-0.48	-0.29	2.25
Price/Tangible Book Value	-9.13	-0.16	-0.12	-0.5	-1.58	-0.51	-0.79	-0.59	-1.2	-0.58	7.85
Price/Tangible Book Value Average	-66.19	-0.74	-0.22	-0.72	-3.95	-0.9	-0.58	-0.97	-1.24	-0.7	18.29
Price/Tangible Book Value High	-132.06	-2.06	-0.62	-1.66	-13.19	-2.5	-2.15	-1.48	-2.4	-1.62	122.65
Price/Tangible Book Value Low	-7.02	-0.13	-0.04	-0.12	-0.91	-0.2	-0.03	-0.33	-0.48	-0.29	2.58
Price/Sales	1.56	0.32	0.29	1.69	2	0.66	0.79	0.38	1.04	0.47	1.61
Price/Sales Average	11.33	1.5	0.55	2.43	4.99	1.17	0.58	0.61	1.07	0.57	3.75
Price/Sales High	22.61	4.17	1.57	5.62	16.67	3.25	2.16	0.94	2.08	1.32	25.16
Price/Sales Low	1.2	0.27	0.1	0.42	1.15	0.26	0.03	0.21	0.41	0.24	0.53
Price/Cash Flow	-0.77	-5.2	2.8	5.07	-9.23	7.76	4.71	14.44	31.4	-6.3	1.94
Price/Cash Flow Average	-5.59	-24.44	5.25	7.31	-23	13.66	3.46	23.66	32.48	-7.62	4.52
Price/Cash Flow High	-11.16	-67.66	14.96	16.89	-76.84	38	12.77	36.16	62.8	-17.65	30.31
Price/Cash Flow Low	-0.59	-4.33	1	1.27	-5.32	3.04	0.15	8.04	12.54	-3.15	0.64
Price/Free Cash Flow Average	-5.77	-24.44	4.64	6.96	-23.74	12.04	3.38	43.3	40.31	-8.83	2.24
Price/Free Cash Flow High	-11.51	-67.66	13.2	16.06	-79.3	33.49	12.46	66.18	77.94	-20.46	15.05
Price/Free Cash Flow Low	-0.61	-4.33	0.88	1.2	-5.49	2.68	0.15	14.71	15.56	-3.65	0.32
EV/Sales Average	12.03	1.54	0.5	2.06	5.09	1.32	0.54	0.95	0.93	0.59	10.54
EV/Sales High	24.02	4.21	1.53	5.28	16.77	3.42	2.11	1.27	1.93	1.34	70.79
EV/Sales Low	1.26	0.3	0.05	0.03	1.25	0.4	- -	0.54	0.27	0.25	1.47
EV/EBITDA Average	-5.09	-0.95	-1.33	-6.94	-11.5	-7.42	15.89	20.74	-4.85	-9.58	20.03
EV/EBITDA High	-10.16	-2.59	-4.08	-17.77	-37.87	-19.27	62.3	27.84	-10.1	-21.8	134.51
EV/EBITDA Low	-0.53	-0.19	-0.13	-0.11	-2.83	-2.25	-0.6	11.86	-1.4	-4.14	2.8
EV/EBIT Average	-4.89	-0.87	-1.12	-5.92	-10.75	-6.4	26.92	22.54	-4.72	-6.37	20.27
EV/EBIT High	-9.77	-2.38	-3.44	-15.15	-35.42	-16.62	105.58	30.26	-9.82	-14.5	136.1
EV/EBIT Low	-0.51	-0.17	-0.11	-0.09	-2.65	-1.94	-1.02	12.89	-1.36	-2.75	2.84
Last Price	15.03	2.22	2.08	8.88	11.56	3.78	5.18	2.66	6.66	3.7	4.5
High Price	217.38	28.91	11.1	29.6	96.2	18.5	14.06	6.66	13.32	10.36	70.3
Enterprise Value Average	24	2	1	2	6	2	1	1	1	1	330
Enterprise Value High	47	6	2	6	21	4	3	2	3	2	2,217
Enterprise Value Low	2	- -	- -	- -	2	- -	- -	1	- -	- -	46

Shares Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11
Revenue per Share	9.61	6.94	7.09	5.27	5.77	5.69	6.52	7.09	6.41	7.85	2.79
EBITDA per Share	-22.73	-11.31	-2.65	-1.57	-2.56	-1.01	0.22	0.32	-1.23	-0.48	1.47
Operating Income per Share	-23.65	-12.31	-3.15	-1.84	-2.73	-1.17	0.13	0.3	-1.26	-0.72	1.45
Basic EPS, GAAP	-23.21	-12.87	-4.09	0.04	-2.9	-0.21	0.87	2.05	-1.16	-0.83	0.98
Basic EPS from Cont Ops	-23.21	-12.87	-4.09	0.04	-2.9	-0.21	0.87	2.05	-1.16	-0.83	0.98
Diluted EPS, GAAP	-23.21	-12.87	-4.09	0.04	-2.9	-0.21	0.87	1.12	-0.61	-0.83	0.98
Diluted EPS from Cont Ops	-23.21	-12.87	-4.09	0.04	-2.9	-0.21	0.87	1.12	-0.61	-0.83	0.98
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-19.49	-0.43	0.74	1.75	-1.25	0.49	1.1	0.18	0.21	-0.59	2.32
Free Cash Flow per Basic Share	-20.09	-0.43	0.64	1.66	-1.29	0.42	1.07	0.18	0.1	-0.67	-0.03
Cash & Equivalents per Share	1.01	0.38	0.99	2.65	1.35	1.2	1.66	1.59	1.69	1.74	0.02
Book Value per Share	-1.65	-14.02	-17.9	-17.85	-7.29	-7.41	-6.55	-4.5	-5.55	-6.38	0.66
Tangible Book Value per Share	-1.65	-14.02	-17.9	-17.85	-7.29	-7.41	-6.55	-4.5	-5.55	-6.38	0.57

China Dongsheng International, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)