New Toyo International Holdings Ltd: Financial Report Analysis (Net Profit Remains Unchanged)
Company Overview
New Toyo International Holdings Ltd (the “Company”) is a Singapore-registered company with a group of subsidiaries (the “Group”) engaged in an unspecified core business operation. The report does not provide detailed information on the company’s business segments, geographic footprint, industry position, competitors, market share, revenue streams, customer base, supply chain, and competitive advantage.
Financial Statement Analysis
Income Statement
The company’s net profit for the year remains unchanged despite variances between the unaudited and audited financial statements.
Administrative expenses decreased by $56,000 (from $18,407,000 to $18,351,000) due to reclassification of property, plant, and equipment written off from administrative expenses to other operating expenses.
Other operating expenses increased by $56,000 (from $1,852,000 to $1,908,000) due to the same reclassification.
Balance Sheet
Property, plant, and equipment decreased by $1,045,000 (from $79,472,000 to $78,427,000) due to the allocation of reversal of impairment loss and reclassification of a leasehold property from property, plant, and equipment to right-of-use assets.
Right-of-use assets increased by $1,045,000 (from $9,917,000 to $10,962,000) due to the same reclassification.
Cash Flow Statement
Cash flow from operating activities: Allowance for inventory obsolescence decreased by $95,000 (from $482,000 to $387,000) due to reclassification from allowance for inventory obsolescence to changes in working capital – Inventories.
Changes in working capital – Inventories increased by $95,000 (from $11,948,000 to $11,853,000) due to the same reclassification.
Key Facts and Investor Action
No dividend information is provided in the report.
The company’s net profit for the year remains unchanged.
The report does not mention any earnings increase or decrease.
Report Details
Date of the report: 15 April 2025
Financial year: 31 December 2024
Special Activity or Action
The company has made reclassifications to prior year’s financial statements to enhance comparability with the current year’s financial statements.
Conclusion and Recommendation
Based on the report, there are no compelling reasons to invest or not to invest in the company. The company’s net profit remains unchanged, and there are no significant changes in the financial statements.
Recommendation:
For current investors: Hold the stock, as there are no significant changes in the company’s financial performance.
For potential investors: Exercise caution and consider other investment opportunities with more significant growth potential.
Disclaimer: This recommendation is based solely on the information provided in the report and should not be considered as investment advice. Investors should conduct their own research and consult with financial experts before making any investment decisions.
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