Anli International Co Ltd

Anli International's capital structure is characterized by a debt-to-equity ratio of 0.26, indicating a relatively conservative leverage position. The company holds cash and equivalents of TWD 327.23 million, but with long-term debt of TWD 510.22 million, net cash is negative. This liquidity position is classified as medium risk, with the key flag being negative net cash after subtracting total debt. The price-to-book ratio of 0.58 suggests the company is trading at a discount to its book value, which may reflect market concerns about its current profitability.

Profitability metrics are weak, with a return on equity of -0.84% and a return on assets of -0.53%. These figures are below the industry median for industrial machinery and equipment firms, which typically exhibit positive returns. The company reported a net loss of TWD 16.79 million and an operating loss of TWD 13.21 million in the latest period, further underscoring its unprofitable performance. Gross profit of TWD 55.32 million on revenue of TWD 323.34 million implies a gross margin of 17.1%, which is in line with the industry average but insufficient to cover operating expenses.

Geographic and segment exposure is not explicitly detailed in the available data, but the company's revenue is likely concentrated in its core industrial machinery operations. There is no indication of significant diversification across product lines or geographic regions. The absence of segment-specific revenue data limits the ability to assess exposure to particular markets or product categories.

Growth trajectory is constrained by the company's current financial performance. Revenue of TWD 323.34 million in the latest period does not provide a clear trend without historical comparisons. However, the operating cash flow of TWD 84.60 million and capital expenditure of TWD 71.81 million suggest some level of reinvestment in the business. The free cash flow of -TWD 59.97 million indicates that the company is not generating sufficient cash to fund operations and capital spending without external financing.

Risk factors include the company's unprofitable operations and negative net cash position. The liquidity risk is moderate, but the dilution risk is low, as there is no indication of imminent share issuance or dilution. The company's financial flexibility is limited, and its ability to service debt or fund growth is constrained by its current earnings performance.

Recent events and filings do not provide specific details on strategic initiatives or operational changes. The company's latest financial results highlight ongoing challenges in achieving profitability, and there is no indication of material events that would significantly alter its business outlook in the near term.

Revenue grew 18.1% year-over-year to TWD 1.96 billion, demonstrating top-line expansion despite recent profitability challenges.

Free cash flow surged 123.0% year-over-year to TWD 26.9 million, indicating improved cash generation capabilities.

Long-term debt decreased to TWD 472.8 million, suggesting a deliberate strategy to reduce leverage and financial risk.

The debt-to-equity ratio of 0.26 is below the cohort median of 0.2, indicating a relatively conservative capital structure.

Operating income improved 14.3% year-over-year, showing signs of operational efficiency gains despite negative margins.

Net margin of -5.2% places the company in the bottom quartile of the industrial machinery cohort.

Return on equity of -0.84% ranks in the bottom quartile, signaling poor capital efficiency compared to peers.

The company faces high credit risk, posing significant concerns regarding its ability to meet financial obligations.

Revenue declined at a 3.7% CAGR over four years, indicating a long-term downward trend in sales.

Cash conversion ratio of -5.04 is in the bottom quartile, highlighting severe inefficiency in generating cash from operations.

Revenue TWD 2.06B, −9,5% YoY; Operating income −32,2% YoY.

• ▍Revenue TWD 2.06B, −9,5% YoY
• ▍Operating income −32,2% YoY
• ▍Net income −15,2% YoY
• ▍Free cash flow −312,1% YoY
• ▍Net margin 9.5%

Revenue TWD 2.28B; Operating income TWD 287.0M.

• ▍Revenue TWD 2.28B
• ▍Operating income TWD 287.0M
• ▍Net margin 10.2%