CESIM Simulation – Team Report
Due April 22nd
A strategic report is due at the end of the semester. This report takes the form of a year-end discussion of
company results. This discussion usually appears in various formats within the investor relations portion
of a company’s website. I encourage you to look at some examples (links provided on BB) so you can
see examples of how managers discuss their strategy and performance, both in written reports and in
investor presentations.
Report guidelines
Your report should be approximately10 pages, including the cover page and all charts/figures. In
addition, you will provide an appendix to the report that describes and discusses your team’s process over
the course of the semester. Look at the examples of letter to shareholders at the beginning of an annual
report (examples on BB). Frame your discussion in a similar way. Provide detailed charts or figures to
back up your discussion. Remember, you are providing a description of your strategy and strategic goals,
discussing your performance relative to these goals, and analyzing the causes of your performance.
The body of the report should be organized as follows:
1. Cover page, indicating your company name and managers’ names
2. Company Overview
a. Strategy, etc.
3. Review of Financial Performance
a. Charts/figures may be inserted within the text or as separate pages at the end.
4. Analysis of factors affecting Cumulative Shareholder Return
5. Discussion and analysis of the industry and competitive dynamics
a. Charts/figures may be inserted within the text or as separate pages at the end.
6. Simulation Learning Outcomes
7. Appendix – Team organization and project plan:
a. Provide an organizational chart and identify responsibilities of your management team
b. Team Project Plan and reflection on how your team organized itself, or not, and
implications for performance.
Examples of how Managers Write up Results:
http://www.pepsico.com/Investors
http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-irhome
http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-presentations
http://investors.southwest.com/
http://www.canon.com/ir/
Profit and Loss statement, k USD, Global
Sales revenue
Green
1.973.764
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs and expenses total
534.135
60.951
137.340
84.817
274.965
51.000
98.802
1.242.010
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
731.754
126.225
OPERATING PROFIT (EBIT)
Net financing expenses
605.529
7.286
PROFIT BEFORE TAXES
Income taxes
598.243
150.706
PROFIT FOR THE ROUND
447.537
Balance sheet, k USD, Global
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
715.275
0
75.990
826.047
1.617.312
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Payables
Total liabilities
339.000
0
447.537
301.522
1.088.059
497.789
0
31.464
529.253
Total shareholders' equity and liabilities
1.617.312
Profit and Loss statement, k USD, USA
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
515.793
742.300
1.258.093
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
534.135
12.923
91.202
0
274.965
11.000
78.802
0
1.003.027
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
255.066
126.225
OPERATING PROFIT (EBIT)
Net financing expenses
128.841
14.077
PROFIT BEFORE TAXES
Income taxes
114.764
40.167
PROFIT FOR THE ROUND
74.597
Balance sheet, k USD, USA
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
715.275
0
19.858
365.341
1.100.474
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
299.000
0
Profit for the round
Retained earnings
Total equity
74.597
161.016
534.612
Liabilities
Long-term loans
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
497.789
0
43.500
24.573
565.862
Total shareholders' equity and liabilities
1.100.474
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Green
Cash provided by operating activities
Operating profit before depreciation (EBITDA)
Change in receivables (incr - / decr +)
Change in inventories (incr - / decr +)
Change in payables (incr + / decr -)
Net financing expenses
Income taxes
Total
255.066
-6.881
0
2.031
-14.077
-40.167
195.971
Cash provided by investment activities
Plant investments
Cash flow before financing activities
0
195.971
Cash provided by financing activities
Dividends
Proceeds from equity issues and buybacks
Dividends received from subsidiaries
Change in long-term debt (incr + / decr -)
Change in short-term debt (incr + / decr -)
Change in internal loans
Total
Change in cash and cash equivalents
0
-18.363
8.091
-12.000
0
-1.500
-23.772
172.199
Cash 1.1.
Cash 31.12.
193.142
365.341
Profit and Loss statement, k USD, Asia
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
926.355
0
926.355
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
0
34.459
46.138
69.187
0
25.000
10.000
501.718
686.502
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
239.853
0
OPERATING PROFIT (EBIT)
Net financing expenses
239.853
-6.023
PROFIT BEFORE TAXES
Income taxes
245.876
36.881
PROFIT FOR THE ROUND
208.995
Balance sheet, k USD, Asia
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
0
0
35.665
230.519
266.184
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20.000
208.995
55.423
284.417
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-24.000
5.767
-18.233
Total shareholders' equity and liabilities
266.184
Profit and Loss statement, k USD, Europe
Green
Sales revenue
Sales revenue
531.616
Costs and expenses
Feature costs
Transportation and tariffs
Promotion
Administration
Costs of imported products
Costs and expenses total
13.569
15.630
15.000
10.000
240.582
294.781
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
236.835
0
OPERATING PROFIT (EBIT)
Net financing expenses
236.835
-768
PROFIT BEFORE TAXES
Income taxes
237.603
73.657
PROFIT FOR THE ROUND
163.946
Balance sheet, k USD, Europe
Green
ASSETS
Fixed assets
Receivables
Cash and cash equivalents
Total assets
0
20.467
230.187
250.654
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20.000
163.946
85.084
269.030
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-19.500
1.124
-18.376
Total shareholders' equity and liabilities
250.654
Ratios and key financial indicators
Ratios
Market capitalization of the company, k USD
Shares outstanding at the end of round, k shares
Share price at the end of round, USD
Average trading price during the round, USD
Dividend yield, %
P/E ratio
Cumulative total shareholder return (p.a.), %
Green
8.402.769
29.900
281
184
0
18,78
53,56
Key financial indicators, %
Operating profit before depreciation (EBITDA)
Operating profit (EBIT)
Return on sales (ROS)
Equity ratio
Net debt to equity (gearing)
Return on capital employed (ROCE)
Return on equity (ROE)
Earnings per share (EPS), USD
Green
37,07
30,68
22,67
67,28
-30,17
43,97
51,24
14,97
Market report, global
Global market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
18,99
16,61
51,99
0
0
Market report, USA
Green
Tech 1
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
350
2
824
824
Tech 2
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
450
1
505
505
Tech 3
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
USA market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
16,88
11,84
55,35
0
0
Market report, Asia
Green
Tech 1
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
2.450
2
2.781
2.781
Tech 2
Selling Price, RMB
3.800
Number of offered features
Sales, k units
Demand, k units
1
182
182
Tech 3
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Asia market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
20,46
19,63
57,80
0
0
Market report, Europe
Green
Tech 1
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
250
2
959
959
Tech 2
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
410
1
344
344
Tech 3
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Europe market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
18,33
15,10
45,51
0
0
Production report
In-house manufacturing, k units
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
3.264
930
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Contract manufacturing, k units
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
900
100
400
Capacity usage, %
USA
Tech 1
Tech 2
49
14
Tech 3
Tech 4
Free capacity
36
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Free capacity
0
Origin of products sold in USA, k units
USA
Asia
1.329
Origin of products sold in Asia, k units
USA
Asia
2.562
400
Origin of products sold in Europe, k units
USA
Asia
1.303
Number of plants this round
USA
Asia
12
Number of plants next round
USA
Asia
12
Number of plants after next round
USA
Asia
15
3
Cost report
Logistics
Green
Average logistics cost per sold product, USD
Products sold in USA
Products sold in Asia
Products sold in Europe
0
23,35
12
Production cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
84,79
277
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Contract manufacturing cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
87,49
125
115
Average unit cost per sold product, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Europe
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
85,37
262
152
89,69
262
100
85,37
262
132
Production scrap, %
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
1,71
2,66
Tech 2
Tech 3
Tech 4
Logistics details
Tech 1, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
3.264
900
0
4.164
-824
-2.381
-959
1.224
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
400
2.381
2.781
-2.781
0
0
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
959
0
959
-959
0
Tech 2, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
930
100
0
1.030
-505
-182
-344
1.050
Unsatisfied demand
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
0
182
182
-182
0
0
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
344
0
344
-344
0
Tech 3, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Tech 4, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Cost report - Transportation cost incl. tariffs per sold product, USD
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Europe
Tech 1
Tech 2
Tech 3
Tech 4
0
0
23,12
27
12
12
Red
Blue
Ochre
Pink
Navy
1.071.310 1.587.048 1.487.714 1.513.751 1.754.949
0
33.639
228.428
5.957
415.000
71.000
98.802
852.826
382.161
336.665
104.766
107.968
58.287
59.371
71.540
50.414
131.365
415.000
45.180
32.000
98.802
98.802
892.101 1.100.219
399.860
70.560
64.729
115.718
71.365
29.770
98.802
850.805
480.250
76.032
0
106.301
0
46.281
98.802
807.666
218.484
126.225
694.947
126.225
387.495
126.225
662.946
126.225
947.283
126.225
92.259
29.738
568.722
6.852
261.270
9.568
536.721
757
821.058
4.776
62.521
108.591
561.870
144.993
251.703
83.289
535.965
108.032
816.282
200.547
-46.070
416.877
168.414
427.932
615.736
Red
Blue
Ochre
Pink
Navy
715.275
715.275
715.275
715.275
715.275
0
0
0
0
0
41.245
61.101
57.277
58.279
67.566
577.912
832.919
602.559
925.219 1.057.078
1.334.432 1.609.295 1.375.111 1.698.774 1.839.919
340.000
340.000
0
0
-46.070
416.877
268.885
318.885
562.814 1.075.761
340.000
350.000
340.000
0
167.109
0
168.414
427.932
615.736
318.885
318.885
318.885
827.299 1.263.926 1.274.620
509.789
251.510
10.319
771.618
509.789
16.679
21.345
547.813
509.789
0
23.745
533.534
409.789
0
25.058
434.847
539.789
0
25.509
565.298
1.334.432 1.609.295 1.375.111 1.698.774 1.839.919
Red
Blue
Ochre
Pink
387.600
16.406
404.005
408.209
326.815
735.024
469.866
442.538
912.404
371.294
453.899
497.542
599.300
868.835 1.053.199
0
12.048
99.090
0
415.000
18.000
78.802
0
622.941
382.161
24.493
58.287
0
131.365
6.580
78.802
0
681.688
336.665
40.274
29.052
0
415.000
6.000
78.802
0
905.793
399.860
14.852
29.052
0
71.365
6.020
78.802
0
599.951
480.250
18.782
0
0
0
13.000
78.802
0
590.835
-218.936
126.225
53.337
126.225
6.611
126.225
268.885
126.225
462.364
126.225
-345.161
22.681
-72.888
16.108
-119.614
12.960
142.660
9.747
336.139
6.381
-367.842
0
-88.996
0
-132.574
0
132.913
46.519
329.759
115.416
-367.842
-88.996
-132.574
86.393
214.343
Blue
Ochre
Red
715.275
0
14.923
504.616
1.234.813
300.000
0
Pink
Navy
Navy
715.275
715.275
715.275
715.275
0
0
0
0
15.716
18.090
14.295
17.475
222.990
474.768
516.094
995.882
953.981 1.208.133 1.245.664 1.728.632
300.000
0
300.000
0
310.000
167.109
300.000
0
-367.842
143.587
75.745
-88.996
170.287
381.292
-132.574
170.287
337.713
509.789
0
645.000
4.279
1.159.068
509.789
0
45.000
17.900
572.689
509.789
0
345.000
15.631
870.420
1.234.813
953.981 1.208.133 1.245.664 1.728.632
Red
Blue
Ochre
86.393
170.287
733.790
214.343
170.287
684.631
409.789
539.789
0
0
85.000
485.000
17.085
19.213
511.874 1.044.002
Pink
Navy
-218.936
-1.946
0
-18.264
-22.681
0
-261.826
53.337
-2.739
0
-4.642
-16.108
0
29.848
6.611
-5.113
0
-6.912
-12.960
0
-18.374
268.885
-1.318
0
-5.458
-9.747
-46.519
205.843
462.364
-4.498
0
-3.330
-6.381
-115.416
332.741
0
0
0
0
0
-261.826
29.848
-18.374
205.843
332.741
-50.000
0
23.300
0
0
600.000
573.300
311.474
0
0
0
0
0
0
0
29.848
0
0
0
0
0
300.000
300.000
281.626
0
177.109
0
-100.000
0
40.000
117.109
322.953
0
0
0
30.000
0
440.000
470.000
802.741
193.142
504.616
193.142
222.990
193.142
474.768
193.142
516.094
193.142
995.882
Red
Blue
Ochre
Pink
Navy
269.642
67.102
336.744
606.871
0
606.871
575.740 1.121.151
0
0
575.740 1.121.151
944.680
0
944.680
0
10.715
129.337
0
0
34.000
10.000
0
184.053
0
39.325
0
44.241
0
30.000
10.000
136.836
260.403
0
37.308
30.319
35.221
0
18.000
10.000
224.578
355.426
0
54.488
35.678
114.498
0
16.100
10.000
488.943
719.707
0
39.241
0
88.291
0
26.100
10.000
371.790
535.422
152.692
0
346.469
0
220.314
0
401.444
0
409.258
0
152.692
-2.440
346.469
-8.376
220.314
-3.667
401.444
-8.642
409.258
-1.312
155.132
23.270
354.845
53.227
223.981
33.597
410.086
61.513
410.570
61.586
131.862
301.618
190.384
348.573
348.985
Red
Blue
Ochre
Pink
Navy
0
0
10.381
71.296
81.678
0
0
23.365
335.085
358.449
0
0
22.166
125.791
147.957
0
0
43.164
346.902
390.066
0
0
36.370
21.138
57.509
20.000
131.862
49.423
201.286
20.000
301.618
58.614
380.232
20.000
190.384
58.614
268.998
20.000
348.573
58.614
427.187
20.000
348.985
58.614
427.599
0
-125.000
5.392
-119.608
0
-25.000
3.217
-21.783
0
-125.000
3.960
-121.040
0
-45.000
7.880
-37.120
0
-375.000
4.910
-370.090
81.678
358.449
147.957
390.066
Red
Blue
Ochre
Pink
414.069
571.967
442.109
21.307
356.370
10.875
5.957
19.000
10.000
83.508
129.340
40.948
27.299
8.600
10.000
189.979
276.826
30.385
15.193
8.000
10.000
217.961
281.539
1.220
1.220
7.650
10.000
8.598
28.689
18.009
18.009
7.181
10.000
227.510
280.710
284.729
0
295.141
0
160.570
0
-7.382
0
75.660
0
284.729
9.498
295.141
-880
160.570
274
-7.382
-348
75.660
-293
275.231
85.321
296.021
91.767
160.296
49.692
-7.034
0
75.953
23.545
189.909
204.255
110.604
-7.034
52.408
Red
Blue
Ochre
0
15.942
2.000
17.942
0
22.021
274.845
296.865
0
17.021
2.000
19.021
0
820
62.223
63.043
0
13.720
40.057
53.778
20.000
189.909
75.874
285.783
20.000
204.255
89.983
314.238
20.000
110.604
89.983
220.588
20.000
-7.034
89.983
102.949
20.000
52.408
89.983
162.391
Pink
57.509
Navy
Navy
251.510
-520.000
648
-267.842
0
-20.000
2.628
-17.372
16.679
-220.000
1.755
-201.566
0
-40.000
94
-39.906
0
-110.000
1.387
-108.613
17.942
296.865
19.021
63.043
53.778
Red
Blue
Ochre
Pink
Navy
5.814.302 7.797.831 7.188.035 7.466.103 8.506.557
30.000
30.000
30.000
31.000
30.000
194
260
240
241
284
183
183
183
177
183
0,86
0
0
0
0
n/a
18,71
42,68
17,45
13,82
6,81
42,03
30,92
31,60
54,94
Red
20,39
8,61
-4,30
42,18
32,58
7,40
-7,54
-1,54
Blue
43,79
35,84
26,27
66,85
-30,04
41,30
48,06
13,90
Ochre
26,05
17,56
11,32
60,16
-9,20
20,72
22,66
5,61
Pink
43,79
35,46
28,27
74,40
-40,78
37,77
44,51
13,80
Navy
53,98
46,79
35,09
69,28
-40,58
55,05
63,69
20,52
Red
6,37
Blue
17,90
Ochre
15,27
Pink
19,96
Navy
21,51
3,37
48,01
0
0
19,19
0
0
0
16,37
0
0
0
21,40
0
0
0
23,06
0
0
0
Red
480
4
298
298
Blue
Ochre
Pink
Navy
300
3
1.361
1.361
280
4
1.678
1.678
300
2
1.238
1.238
290
2
1.565
1.565
Red
8,96
Blue
17,27
Ochre
21,30
Pink
15,71
Navy
19,87
4,28
44,65
0
0
19,54
0
0
0
24,10
0
0
0
17,77
0
0
0
22,47
0
0
0
600
2
407
407
Red
4.000
4
380
380
5.000
Blue
3.000
4
1.639
1.639
Ochre
3.000
4
1.554
1.554
Pink
2.000
2
4.541
4.541
Navy
2.340
2
3.270
3.270
2
133
133
Red
3,54
Blue
11,32
Ochre
10,74
Pink
31,36
Navy
22,58
2,68
42,20
0
0
11,57
0
0
0
10,97
0
0
0
32,06
0
0
0
23,09
0
0
0
Red
400
4
247
247
480
2
411
411
Blue
180
3
2.275
2.275
Ochre
250
4
1.266
1.266
Pink
150
2
102
2.450
Navy
170
2
1.501
2.035
Red
9,27
Blue
32,02
Ochre
17,82
Pink
1,43
Navy
21,12
3,90
54,49
0
0
35,83
0
0
0
19,94
0
0
0
1,60
0
0
0
23,63
0
0
0
Red
500
500
Blue
Ochre
Pink
Navy
4.624
3.949
5.280
650
300
300
250
300
60
80
500
500
70
6.336
96
100
30
40
20
4
0
0
0
0
0
706
1.361
1.678
1.238
1.565
1.639
1.304
250
4.241
300
3.270
172
487
2.275
1.266
102
1.501
12
12
12
12
12
12
12
12
12
12
14
2
12
12
15
3
13
513
Red
0
0
9,04
Blue
Ochre
Pink
Navy
0
27
12
0
22,66
12
0
25,22
12
0
27
12
82,64
85,26
75,73
75,80
91,84
106
89,67
113
146
96,84
96,84
121
119
91,84
106
83,51
86,08
76,87
75,80
100
83,51
86,08
76,87
75,80
113
146
83,51
91,74
79,64
75,80
121
83,51
91,74
79,64
75,80
102
142
83,51
86,08
76,87
75,80
127
83,51
86,08
76,87
75,80
1,69
1,70
1,68
1,66
Red
Blue
Ochre
Pink
Navy
0
500
0
500
-298
0
-128
4.950
0
4.624
650
0
5.274
-1.361
-1.639
-2.275
1.976
0
3.949
300
0
4.249
-1.678
-1.304
-1.266
1.958
0
5.280
300
0
5.580
-1.238
-4.241
-102
0
0
6.336
0
0
6.336
-1.565
-3.270
-1.501
0
0
0
500
0
500
-380
0
-120
0
0
0
0
1.639
1.639
-1.639
0
0
0
0
0
250
1.304
1.554
-1.554
0
0
0
0
0
300
4.241
4.541
-4.541
0
0
0
0
0
0
3.270
3.270
-3.270
0
0
0
0
128
120
247
-247
0
2.275
0
2.275
-2.275
0
1.266
0
1.266
-1.266
0
102
0
102
-102
2.349
1.501
0
1.501
-1.501
534
Red
0
500
0
500
-407
0
-44,13
990
Blue
Ochre
Pink
Navy
0
0
500
0
500
-133
0
-367
0
0
44,13
367
411
-411
0
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
0
0
0
0
0
0
0
0
27,00
22,66
25,22
27
10,06
8,43
12
12
12
12
Profit and Loss statement, k USD, Global
Sales revenue
Green
1.927.790
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs and expenses total
250.269
79.020
205.168
49.677
345.000
62.000
98.802
1.089.937
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
837.853
107.291
OPERATING PROFIT (EBIT)
Net financing expenses
730.562
17
PROFIT BEFORE TAXES
Income taxes
730.544
192.221
PROFIT FOR THE ROUND
538.323
Balance sheet, k USD, Global
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1.507.984
0
74.220
836.391
2.418.594
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Payables
Total liabilities
349.000
261.934
538.323
749.059
1.898.316
497.789
0
22.489
520.278
Total shareholders' equity and liabilities
2.418.594
Profit and Loss statement, k USD, USA
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
526.522
215.141
741.663
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
250.269
22.701
92.608
0
345.000
14.000
78.802
0
803.380
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
-61.717
107.291
OPERATING PROFIT (EBIT)
Net financing expenses
-169.008
13.970
PROFIT BEFORE TAXES
Income taxes
-182.979
0
PROFIT FOR THE ROUND
-182.979
Balance sheet, k USD, USA
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1.027.984
0
20.271
129.077
1.177.332
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
309.000
261.934
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
Total shareholders' equity and liabilities
-182.979
235.612
623.568
497.789
0
41.900
14.075
553.764
1.177.332
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Green
Cash provided by operating activities
Operating profit before depreciation (EBITDA)
Change in receivables (incr - / decr +)
Change in inventories (incr - / decr +)
Change in payables (incr + / decr -)
Net financing expenses
Income taxes
Total
-61.717
-413
0
-10.498
-13.970
0
-86.599
Cash provided by investment activities
Plant investments
-420.000
Cash flow before financing activities
-506.599
Cash provided by financing activities
Dividends
Proceeds from equity issues and buybacks
Dividends received from subsidiaries
Change in long-term debt (incr + / decr -)
Change in short-term debt (incr + / decr -)
Change in internal loans
Total
Change in cash and cash equivalents
Cash 1.1.
Cash 31.12.
0
271.934
0
0
0
-1.600
270.334
-236.264
365.341
129.077
Profit and Loss statement, k USD, Asia
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
1.096.603
12.704
1.109.306
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
0
49.213
112.561
46.180
0
30.000
10.000
173.990
421.944
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
687.362
0
OPERATING PROFIT (EBIT)
Net financing expenses
687.362
-12.412
PROFIT BEFORE TAXES
Income taxes
699.774
125.959
PROFIT FOR THE ROUND
573.815
Balance sheet, k USD, Asia
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
480.000
0
42.219
321.119
843.338
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20.000
573.815
264.417
858.232
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-22.900
8.006
-14.894
Total shareholders' equity and liabilities
843.338
Profit and Loss statement, k USD, Europe
Green
Sales revenue
Sales revenue
304.665
Costs and expenses
Feature costs
Transportation and tariffs
Promotion
Administration
Costs of imported products
Costs and expenses total
7.107
3.496
18.000
10.000
53.854
92.457
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
212.208
0
OPERATING PROFIT (EBIT)
Net financing expenses
212.208
-1.541
PROFIT BEFORE TAXES
Income taxes
213.749
66.262
PROFIT FOR THE ROUND
147.487
Balance sheet, k USD, Europe
Green
ASSETS
Fixed assets
Receivables
Cash and cash equivalents
Total assets
0
11.730
386.195
397.925
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20.000
147.487
249.030
416.517
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-19.000
408
-18.592
Total shareholders' equity and liabilities
397.925
Ratios and key financial indicators
Ratios
Market capitalization of the company, k USD
Shares outstanding at the end of round, k shares
Share price at the end of round, USD
Average trading price during the round, USD
Dividend yield, %
P/E ratio
Cumulative total shareholder return (p.a.), %
Green
8.489.492
30.900
275
272
0
15,77
22,52
Key financial indicators, %
Operating profit before depreciation (EBITDA)
Operating profit (EBIT)
Return on sales (ROS)
Equity ratio
Net debt to equity (gearing)
Return on capital employed (ROCE)
Return on equity (ROE)
Earnings per share (EPS), USD
Green
43,46
37,90
27,92
78,49
-17,84
36,69
36,05
17,42
Market report, global
Global market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
12,81
9,88
47,50
0
0
Market report, USA
Green
Tech 1
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
400
3
820
820
Tech 2
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
600
4
331
331
Tech 3
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
USA market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
13,63
10,36
62,43
0
0
Market report, Asia
Green
Tech 1
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
3.200
3
1.971
1.971
Tech 2
Selling Price, RMB
4.500
Number of offered features
Sales, k units
Demand, k units
4
573
573
Tech 3
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Asia market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
18,03
15,20
50,31
0
0
Market report, Europe
Green
Tech 1
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
600
3
57
57
Tech 2
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
700
4
253
253
Tech 3
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Europe market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
3,56
0,72
33,01
0
0
Production report
In-house manufacturing, k units
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
1.729
457
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Contract manufacturing, k units
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
529
400
590
300
Capacity usage, %
USA
Tech 1
Tech 2
26
7
Tech 3
Tech 4
Free capacity
67
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Free capacity
0
Origin of products sold in USA, k units
USA
Asia
1.151
Origin of products sold in Asia, k units
USA
Asia
1.710
833
Origin of products sold in Europe, k units
USA
Asia
253
57
Number of plants this round
USA
Asia
12
Number of plants next round
USA
Asia
15
3
Number of plants after next round
USA
Asia
21
11
Cost report
Logistics
Green
Average logistics cost per sold product, USD
Products sold in USA
Products sold in Asia
Products sold in Europe
0
18,16
11,26
Production cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
89,40
210
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Contract manufacturing cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
92,83
109
111
157
Average unit cost per sold product, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Europe
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
90,21
163
111
95,84
160
110
111
163
153
Production scrap, %
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
1,62
2,23
Tech 2
Tech 3
Tech 4
Logistics details
Tech 1, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
1.729
529
0
2.258
-820
-1.438
0
3.551
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
590
1.438
2.028
-1.971
0
-57,19
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
0
57,19
57,19
-57,19
0
Tech 2, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
457
400
0
857
-331
-273
-253
863
Unsatisfied demand
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
300
273
573
-573
0
0
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
253
0
253
-253
0
Tech 3, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Tech 4, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Cost report - Transportation cost incl. tariffs per sold product, USD
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Europe
Tech 1
Tech 2
Tech 3
Tech 4
0
0
19,70
12,85
8
12,00
Red
879.750
Blue
2.446.948
Ochre
Pink
2.036.823 2.195.341
Navy
1.441.651
0
39.116
252.339
5.441
335.000
81.000
98.802
811.698
387.330
214.661
248.375
104.477
260.000
91.580
98.802
1.405.226
386.131
448.942
146.386
152.712
59.842
190.021
72.685
131.580
0
135.661
32.000
40.520
98.802
98.802
795.846 1.198.238
263.788
49.886
86.338
32.832
206.493
82.459
98.802
820.598
68.052
107.291
1.041.722
107.291
1.240.978
107.291
997.103
107.291
621.053
107.291
-39.239
144.808
934.431
-14.301
1.133.687
-9.654
889.811
-8.448
513.761
-31.440
-184.047
99.351
948.732
232.813
1.143.341
287.068
898.260
217.797
545.201
149.532
-283.398
715.919
856.273
680.463
395.669
Pink
Navy
Red
Blue
Ochre
1.207.984
0
33.870
427.155
1.669.009
607.984
0
94.207
1.636.040
2.338.231
607.984 1.507.984
0
0
78.418
84.521
1.568.303
771.226
2.254.704 2.363.730
747.984
0
55.504
3.702.210
4.505.697
340.000
0
-283.398
207.814
264.417
340.000
0
715.919
735.761
1.791.680
340.000
351.000
0
190.116
856.273
680.463
487.299
746.817
1.683.572 1.968.396
440.000
2.026.639
395.669
934.540
3.796.849
509.789
883.373
11.430
1.404.592
509.789
0
36.761
546.550
509.789
35.739
25.604
571.132
359.789
0
35.545
395.334
569.789
122.395
16.664
708.849
1.669.009
2.338.231
2.254.704 2.363.730
Red
Blue
186.353
0
186.353
562.593
358.789
921.381
0
9.240
108.227
0
335.000
22.000
78.802
0
553.270
387.330
52.743
95.778
0
260.000
8.580
78.802
0
883.234
386.131
54.651
29.523
0
0
6.000
78.802
0
555.107
448.942
26.357
88.311
0
135.661
6.020
78.802
0
784.095
263.788
18.289
28.540
0
206.493
15.000
78.802
0
610.912
-366.917
107.291
38.148
107.291
590.174
107.291
264.628
107.291
155.367
107.291
-474.208
57.632
-69.144
14.810
482.882
-651
157.337
3.976
48.076
-34.374
-531.841
0
-83.954
0
483.534
133.365
153.360
58.277
82.450
31.331
-531.841
-83.954
350.169
95.083
51.119
Red
Blue
887.984
0
7.175
423.155
1.318.313
607.984
0
21.660
243.114
872.757
300.000
0
300.000
0
Ochre
Pink
4.505.697
637.593
468.576
507.688
580.146
1.145.281 1.048.723
Ochre
Pink
607.984 1.027.984
0
0
24.547
18.040
1.228.247
398.344
1.860.778 1.444.368
300.000
0
311.000
190.116
Navy
518.183
248.096
766.279
Navy
747.984
0
19.950
3.531.170
4.299.104
400.000
2.026.639
-531.841
-209.158
-440.998
-83.954
81.292
297.338
350.169
37.713
687.883
95.083
256.681
852.880
51.119
384.598
2.862.356
509.789
0
1.245.000
4.523
1.759.311
509.789
0
45.000
20.630
575.419
509.789
0
645.000
18.107
1.172.896
359.789
0
210.000
21.699
591.488
569.789
0
855.000
11.959
1.436.748
1.318.313
872.757
1.860.778 1.444.368
4.299.104
Red
Blue
Ochre
Pink
Navy
-366.917
7.748
0
244
-57.632
0
-416.558
38.148
-5.944
0
2.730
-14.810
0
20.124
590.174
-6.458
0
2.476
651
-133.365
453.479
264.628
-3.745
0
4.614
-3.976
-58.277
203.243
155.367
-2.475
0
-7.254
34.374
-31.331
148.681
-280.000
0
0
-420.000
-140.000
-696.558
20.124
453.479
-216.757
8.681
-15.000
0
30.097
0
0
600.000
615.097
-81.461
0
0
0
0
0
0
0
20.124
0
0
0
0
0
300.000
300.000
753.479
0
24.007
0
-50.000
0
125.000
99.007
-117.750
-80
2.126.639
47
30.000
0
370.000
2.526.606
2.535.288
504.616
423.155
222.990
243.114
474.768
1.228.247
516.094
398.344
995.882
3.531.170
Red
Blue
Ochre
Pink
Navy
144.540
140.808
285.348
1.260.002
0
1.260.002
828.825 1.261.614
0
0
828.825 1.261.614
396.209
0
396.209
0
6.390
144.111
0
0
36.000
10.000
0
196.502
0
96.882
152.597
78.462
0
72.000
10.000
205.491
615.432
0
53.708
30.319
53.671
0
18.000
10.000
282.507
448.205
0
87.592
101.709
105.738
0
17.000
10.000
418.903
740.942
0
9.628
57.798
10.863
0
57.959
10.000
52.259
198.507
88.846
0
644.571
0
380.620
0
520.672
0
197.702
0
88.846
23.729
644.571
-27.117
380.620
-10.437
520.672
-11.778
197.702
3.457
65.118
11.721
671.688
120.904
391.057
70.390
532.451
95.841
194.245
34.964
53.396
550.784
320.667
436.610
159.281
Pink
Navy
Red
Blue
Ochre
320.000
0
5.565
2.000
327.565
0
0
48.510
870.132
918.642
0
0
31.910
338.056
369.965
480.000
0
48.572
176.583
705.155
0
0
15.254
2.000
17.254
20.000
53.396
169.081
242.478
20.000
550.784
360.232
931.016
20.000
320.667
248.998
589.664
20.000
436.610
407.187
863.796
20.000
159.281
407.564
586.845
304.293
-225.000
5.794
85.087
0
-25.000
12.626
-12.374
0
-225.000
5.301
-219.699
0
-170.000
11.359
-158.641
122.395
-695.000
3.014
-569.591
327.565
918.642
Red
Blue
548.858
624.352
23.486
5.441
23.000
10.000
140.808
202.735
369.965
Ochre
705.155
17.254
Pink
Navy
570.405
465.150
527.259
65.037
26.015
11.000
10.000
153.297
265.349
38.027
19.014
8.000
10.000
225.181
300.221
38.762
25.842
17.500
10.000
161.244
253.348
21.969
21.969
9.500
10.000
195.837
259.276
346.123
0
359.004
0
270.184
0
211.802
0
267.984
0
346.123
63.447
359.004
-1.994
270.184
1.434
211.802
-646
267.984
-523
282.676
87.630
360.998
111.909
268.750
83.313
212.448
63.679
268.506
83.237
195.046
249.088
185.438
148.770
185.269
Red
Blue
Pink
Navy
Ochre
0
21.131
2.000
23.131
0
24.038
522.794
546.832
0
21.961
2.000
23.961
0
17.908
196.298
214.207
0
20.299
169.040
189.340
20.000
195.046
247.891
462.937
20.000
249.088
294.238
563.326
20.000
185.438
200.588
406.025
20.000
148.770
82.949
251.719
20.000
185.269
142.379
347.648
579.080
-1.020.000
1.114
-439.806
0
-20.000
3.505
-16.495
35.739
-420.000
2.196
-382.065
0
-40.000
2.487
-37.513
0
-160.000
1.692
-158.308
23.131
546.832
23.961
214.207
189.340
Red
Blue
Ochre
Pink
Navy
1.776.232 11.686.855 10.027.820 8.055.550 11.769.818
30.000
30.000
30.000
31.100
40.000
59,21
390
334
259
294
194
260
240
240
213
0,84
0
0
0
0
n/a
16,32
11,71
11,84
29,75
-42,02
45,90
35,15
18,97
26,80
Red
7,74
-4,46
-32,21
15,84
365
-2,63
-68,52
-9,45
Blue
42,57
38,19
29,26
76,63
-62,86
48,08
49,93
23,86
Ochre
60,93
55,66
42,04
74,67
-60,75
63,28
68,21
28,54
Pink
45,42
40,53
31
83,27
-20,90
44,47
42,10
21,88
Navy
43,08
35,64
27,45
84,27
-79,28
16,30
15,60
9,89
Red
3,70
Blue
23,57
Ochre
19,50
Pink
27,13
Navy
13,29
1,44
30,37
0
0
23,69
22,14
0
0
21,15
0
0
0
29,42
0
0
0
14,42
0
0
0
Red
680
5
69
69
Blue
Ochre
Pink
Navy
320
5
1.758
1.758
280
4
2.277
2.277
320
3
1.464
1.464
340
2
1.524
1.524
Red
3,18
Blue
20,82
Ochre
26,97
Pink
17,34
Navy
18,05
0,87
37,57
0
0
22,22
0
0
0
28,78
0
0
0
18,51
0
0
0
19,26
0
0
0
700
6
199
199
Red
Blue
5.000
5
181
181
2.900
5
2.906
2.906
10.000
3.300
Ochre
3.000
4
2.238
2.238
Pink
2.100
3
4.866
6.889
Navy
4.000
2
802
802
6
26
26
3
539
539
Red
1,47
Blue
24,43
Ochre
15,87
Pink
34,51
Navy
5,69
1,40
2,32
0
0
22,42
47,36
0
0
17,26
0
0
0
37,54
0
0
0
6,19
0
0
0
Red
500
5
166
166
580
6
514
514
Blue
200
5
2.168
3.352
Ochre
250
4
1.584
1.584
Pink
150
3
2.153
2.153
Navy
200
2
1.831
1.831
Red
7,79
Blue
24,84
Ochre
18,16
Pink
24,68
Navy
20,98
2,09
66,99
0
0
27,23
0
0
0
19,91
0
0
0
27,05
0
0
0
23
0
0
0
Red
600
500
500
600
Blue
Ochre
Pink
Navy
5.742
5.549
6.534
3.527
1.090
300
1.000
230
40
250
950
400
65
84
99
53
1.090
87
100
13
16
1
47
0
0
0
0
0
268
1.758
2.277
1.464
1.524
208
2.906
539
1.988
250
3.916
950
402
400
0
680
2.168
1.584
2.153
1.831
12
12
12
12
12
14
2
12
12
15
3
13
16
4
12
2
12
16
4
14
3
Red
Blue
0
0
8
Ochre
Pink
Navy
0
22,78
12
0
23,98
12
0
21,73
12
0
13,54
12
67,46
69,58
68,71
74,79
91,76
106
113
146
87,87
98,41
88,31
101
131
121
107
115
179
140
91,76
106
70,71
71,06
71,31
76,41
103
70,71
71,06
71,31
76,41
113
146
70,71
140
76,67
78,29
95,82
117
81,55
76,67
78,29
95,82
113
146
70,71
71,06
71,31
76,41
138
70,71
71,06
71,31
76,41
1,54
1,55
1,52
1,52
Red
Blue
Ochre
Pink
Navy
0
600
0
600
-69,09
0
0
4.884
0
5.742
1.090
0
6.832
-1.758
-2.906
-2.168
0
0
5.549
300
0
5.849
-2.277
-1.988
-1.584
358
0
6.534
1.000
0
7.534
-1.464
-3.916
-2.153
0
0
3.527
230
0
3.757
-1.524
-402
-1.831
2.129
0
0
500
0
500
-181
0
-166
0
0
0
0
2.906
2.906
-2.906
0
0
0
0
0
250
1.988
2.238
-2.238
0
0
0
0
0
950
3.916
4.866
-4.866
0
0
0
2.023
0
400
402
802
-802
0
0
0
0
0
166
166
-166
0
2.168
0
2.168
-2.168
1.184
1.584
0
1.584
-1.584
0
2.153
0
2.153
-2.153
0
1.831
0
1.831
-1.831
0
Red
0
500
0
500
-199
0
0,00
1.716
Blue
0
0
0
0
0
0
0
858
Ochre
Pink
Navy
0
40
0
40
0
0
0
660
0
0
0
0
600
0
600
-26,43
0
-514
0
0
0
1.090
0
1.090
-539
0
0
0
0
0
65
0
65
0
0
0
0
0
0,00
514
514
-514
0
0
0
0
0
0
0
0
0
0
0
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
0
0
0
0
0
0
0
0
27,00
0
23,98
21,73
13,54
8
8,00
12
12
12
12,00
Profit and Loss statement, k USD, Global
Sales revenue
Green
1,905,164
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs and expenses total
231,906
116,409
195,086
38,271
170,219
73,500
121,812
947,203
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
957,961
226,198
OPERATING PROFIT (EBIT)
Net financing expenses
731,763
41,013
PROFIT BEFORE TAXES
Income taxes
690,750
131,681
PROFIT FOR THE ROUND
559,069
Balance sheet, k USD, Global
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
3,401,786
0
73,349
506,585
3,981,720
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
Profit for the round
Retained earnings
Total equity
347,000
208,628
559,069
1,287,382
2,402,079
Liabilities
Long-term loans
Short term loans (unplanned)
Payables
Total liabilities
497,789
1,059,458
22,394
1,579,641
Total shareholders' equity and liabilities
3,981,720
Profit and Loss statement, k USD, USA
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
608,241
230,763
839,004
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
181,100
40,763
75,082
0
141,849
19,000
87,363
0
545,157
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
293,847
154,198
OPERATING PROFIT (EBIT)
Net financing expenses
139,649
32,446
PROFIT BEFORE TAXES
Income taxes
107,203
0
PROFIT FOR THE ROUND
107,203
Balance sheet, k USD, USA
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,713,786
0
23,417
2,000
1,739,203
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
307,000
208,628
Profit for the round
Retained earnings
Total equity
107,203
52,634
675,465
Liabilities
Long-term loans
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
497,789
512,617
41,900
11,432
1,063,738
Total shareholders' equity and liabilities
1,739,203
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Green
Cash provided by operating activities
Operating profit before depreciation (EBITDA)
Change in receivables (incr - / decr +)
Change in inventories (incr - / decr +)
Change in payables (incr + / decr -)
Net financing expenses
Income taxes
Total
293,847
-3,146
0
-2,642
-32,446
0
255,612
Cash provided by investment activities
Plant investments
-840,000
Cash flow before financing activities
-584,388
Cash provided by financing activities
Dividends
Proceeds from equity issues and buybacks
Dividends received from subsidiaries
Change in long-term debt (incr + / decr -)
Change in short-term debt (incr + / decr -)
Change in internal loans
Total
Change in cash and cash equivalents
Cash 1.1.
Cash 31.12.
0
-55,306
0
0
512,617
0
457,311
-127,077
129,077
2,000
Profit and Loss statement, k USD, Asia
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
889,723
119,699
1,009,422
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
50,807
55,138
120,004
30,104
28,370
33,500
24,449
174,108
516,480
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
492,942
72,000
OPERATING PROFIT (EBIT)
Net financing expenses
420,942
10,789
PROFIT BEFORE TAXES
Income taxes
410,153
77,929
PROFIT FOR THE ROUND
332,224
Balance sheet, k USD, Asia
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,688,000
0
34,254
2,000
1,724,254
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
20,000
332,224
838,232
1,190,456
546,841
-22,900
9,858
533,799
Total shareholders' equity and liabilities
1,724,254
Profit and Loss statement, k USD, Europe
Green
Sales revenue
Sales revenue
407,200
Costs and expenses
Feature costs
Transportation and tariffs
Promotion
Administration
Costs of imported products
Costs and expenses total
20,508
8,167
21,000
10,000
176,354
236,029
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
171,172
0
OPERATING PROFIT (EBIT)
Net financing expenses
171,172
-2,222
PROFIT BEFORE TAXES
Income taxes
173,394
53,752
PROFIT FOR THE ROUND
119,642
Balance sheet, k USD, Europe
Green
ASSETS
Fixed assets
Receivables
Cash and cash equivalents
Total assets
0
15,677
502,585
518,262
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20,000
119,642
396,517
536,158
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-19,000
1,104
-17,896
Total shareholders' equity and liabilities
518,262
Ratios and key financial indicators
Ratios
Market capitalization of the company, k USD
Shares outstanding at the end of round, k shares
Share price at the end of round, USD
Average trading price during the round, USD
Dividend yield, %
P/E ratio
Cumulative total shareholder return (p.a.), %
Green
3,410,459
30,700
111
277
0
6.10
-15.33
Key financial indicators, %
Operating profit before depreciation (EBITDA)
Operating profit (EBIT)
Return on sales (ROS)
Equity ratio
Net debt to equity (gearing)
Return on capital employed (ROCE)
Return on equity (ROE)
Earnings per share (EPS), USD
Green
50.28
38.41
29.34
60.33
43.74
23.03
26
18.21
Market report, global
Global market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
14.58
12.59
21.36
0
0
Market report, USA
Green
Tech 1
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
310
4
1,070
1,070
Tech 2
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
550
5
503
503
Tech 3
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
USA market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
20.73
20.96
20.24
0
0
Market report, Asia
Green
Tech 1
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
3,050
4
1,559
1,559
Tech 2
Selling Price, RMB
4,000
Number of offered features
Sales, k units
Demand, k units
5
590
590
Tech 3
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Asia market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
13.25
11.56
21.56
0
0
Market report, Europe
Green
Tech 1
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
300
4
356
356
Tech 2
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
520
5
399
399
Tech 3
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Europe market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
10.96
6.95
22.61
0
0
Production report
In-house manufacturing, k units
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
2,274
711
Contract manufacturing, k units
USA
Tech 1
Tech 2
Tech 3
Tech 4
730
Asia
Tech 1
Tech 2
Tech 3
Tech 4
800
Capacity usage, %
USA
Tech 1
Tech 2
28
Tech 3
Tech 4
Free capacity
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Free capacity
72
43
57
Origin of products sold in USA, k units
USA
Asia
1,573
Origin of products sold in Asia, k units
USA
Asia
1,038
1,112
Origin of products sold in Europe, k units
USA
Asia
356
399
Number of plants this round
USA
Asia
15
3
Number of plants next round
USA
Asia
21
11
Number of plants after next round
USA
Asia
21
11
Cost report
Logistics
Green
Average logistics cost per sold product, USD
Products sold in USA
Products sold in Asia
Products sold in Europe
0
14
10.82
Production cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
79.63
Asia
Tech 1
Tech 2
Tech 3
Tech 4
71.48
Contract manufacturing cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
103
Asia
Tech 1
Tech 2
Tech 3
Tech 4
150
Average unit cost per sold product, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Europe
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
79.63
103
87.05
75.92
135
92.11
79.63
150
117
Production scrap, %
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
1.56
2.61
Tech 2
Tech 3
Tech 4
Logistics details
Tech 1, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
2,274
0
0
2,274
-1,070
-849
-356
366
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
711
0
849
1,559
-1,559
0
0
114
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
356
0
356
-356
0
Tech 2, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
0
730
0
730
-503
-189
0
0
Unsatisfied demand
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
800
189
989
-590
0
-399
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
0
399
399
-399
0
Tech 3, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Tech 4, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Cost report - Transportation cost incl. tariffs per sold product, USD
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Europe
Tech 1
Tech 2
Tech 3
Tech 4
0
0
15.78
9.30
13.20
8.70
Red
1,490,607
Blue
2,088,502
Ochre
1,720,827
Pink
2,652,213
Navy
698,903
179,852
116,033
246,051
28,346
55,000
63,000
114,998
803,281
445,968
219,816
233,067
99,084
165,000
91,580
98,802
1,353,318
292,652
95,730
149,852
59,850
420,000
54,000
98,802
1,170,885
478,671
188,711
288,887
181,948
211,663
61,000
121,812
1,532,693
281,261
19,469
69,893
18,121
0
102,050
101,699
592,493
687,326
181,198
735,184
91,198
549,942
91,198
1,119,520
226,198
106,410
112,198
506,129
96,342
643,987
-31,440
458,744
-29,631
893,322
-15,272
-5,788
5,068
409,787
104,757
675,427
176,387
488,376
113,634
908,595
218,036
-10,856
33,752
305,030
499,040
374,742
690,558
-44,608
Red
Blue
Pink
Navy
Ochre
1,626,786
0
57,388
420,081
2,104,255
836,786
0
80,407
1,921,736
2,838,930
516,786
0
66,252
1,995,711
2,578,749
1,581,786 1,255,786
0
0
102,110
26,908
1,328,669 4,863,631
3,012,565 6,146,325
370,000
131,476
305,030
-75,583
730,922
340,000
0
499,040
1,451,680
2,290,720
337,000
0
374,742
1,245,281
1,957,022
351,000
474,000
190,116 2,914,699
690,558
-44,608
1,427,280 1,330,209
2,658,955 4,674,300
509,789
841,588
21,956
1,373,333
509,789
0
38,421
548,209
509,789
88,912
23,026
621,727
309,789
582,789
0
874,270
43,821
14,967
353,610 1,472,025
2,104,255
2,838,930
2,578,749
Ochre
3,012,565 6,146,325
Red
Blue
367,106
191,058
558,165
340,783
477,257
818,039
703,611
394,388
1,097,999
572,895
580,274
1,153,170
125,895
449,722
575,617
156,930
28,189
87,385
0
48,125
18,000
84,551
0
423,180
445,968
37,176
111,305
0
165,000
8,580
78,802
0
846,832
292,652
35,785
119,533
0
420,000
11,000
78,802
0
957,773
409,414
35,977
122,226
0
176,386
11,000
87,363
0
842,366
281,261
3,214
21,543
1,897
0
22,000
81,699
13,051
424,666
134,985
133,198
-28,792
91,198
140,226
91,198
310,804
154,198
150,951
112,198
1,787
22,544
-119,990
14,743
49,029
-12,376
156,606
3,065
38,754
-50,068
-20,757
0
-134,733
0
61,405
23,334
153,541
58,346
88,821
33,752
-20,757
-134,733
38,071
95,196
55,069
Red
Blue
Ochre
Pink
Pink
Navy
Navy
1,034,786
0
14,134
416,081
1,465,001
516,786
0
13,120
210,374
740,280
516,786
0
27,089
1,412,738
1,956,613
1,013,786
775,786
0
0
22,056
4,847
428,876 4,588,495
1,464,718 5,369,128
330,000
131,476
300,000
0
297,000
0
311,000
434,000
190,116 2,914,699
-20,757
-740,998
-300,280
-134,733
-2,662
162,605
38,071
359,506
694,577
95,196
55,069
351,764
435,717
948,076 3,839,485
509,789
0
1,245,000
10,491
1,765,280
509,789
0
45,000
22,886
577,675
509,789
0
735,000
17,247
1,262,036
309,789
582,789
0
0
185,000
935,000
21,853
11,855
516,642 1,529,644
1,465,001
740,280
1,956,613
1,464,718 5,369,128
Red
Blue
Ochre
Pink
Navy
134,985
-6,959
0
5,969
-22,544
0
111,451
-28,792
8,540
0
2,256
-14,743
0
-32,740
140,226
-2,542
0
-860
12,376
-23,334
125,867
310,804
-4,016
0
154
-3,065
-58,346
245,531
150,951
15,103
0
-104
50,068
-33,752
182,266
-280,000
0
0
-140,000
-140,000
-168,549
-32,740
125,867
105,531
42,266
0
161,476
0
0
0
0
161,476
-7,074
0
0
0
0
0
0
0
-32,740
0
-101,291
69,915
0
0
90,000
58,624
184,491
0
0
0
922,060
0
0
-50,000
13,000
0
0
-25,000
80,000
-75,000 1,015,060
30,531 1,057,325
423,155
416,081
243,114
210,374
1,228,247
1,412,738
398,344 3,531,170
428,876 4,588,495
Red
Blue
Ochre
Pink
Navy
626,068
112,802
738,870
1,363,857
0
1,363,857
798,415
0
798,415
1,734,833
131,932
1,866,765
91,861
47,269
139,131
22,922
49,719
158,667
16,133
6,875
26,000
20,447
118,377
419,139
0
131,865
121,762
80,466
0
72,000
10,000
367,970
784,063
0
43,737
30,319
50,936
0
36,000
10,000
297,595
468,586
69,257
120,837
166,661
166,455
35,277
30,000
24,449
579,078
1,192,015
0
1,584
48,349
1,095
0
79,000
10,000
15,403
155,431
319,730
48,000
579,794
0
329,829
0
674,750
72,000
-16,301
0
271,730
32,464
579,794
-43,226
329,829
-20,678
602,750
-17,050
-16,301
56,242
239,267
45,461
623,020
118,374
350,507
66,596
619,800
117,762
-72,542
0
193,806
504,646
283,911
502,038
-72,542
Red
Blue
Pink
Navy
Ochre
592,000
0
24,104
2,000
618,104
320,000
0
52,509
1,051,016
1,423,525
0
0
30,739
580,973
611,712
568,000
0
66,791
581,187
1,215,978
480,000
0
3,537
2,000
485,537
20,000
193,806
222,478
436,284
20,000
504,646
911,016
1,435,662
20,000
283,911
527,989
831,900
20,000
502,038
843,796
1,365,834
20,000
-72,542
566,845
514,302
397,293
-225,000
9,526
181,820
0
-25,000
12,863
-12,137
0
-225,000
4,812
-220,188
0
-170,000
20,144
-149,856
874,270
-905,000
1,965
-28,766
618,104
1,423,525
Red
Blue
497,433
383,862
38,125
12,213
19,000
10,000
185,484
264,821
611,712
Ochre
1,215,978
485,537
Pink
Navy
218,802
344,484
481,146
50,775
18,618
11,000
10,000
109,287
199,680
16,208
8,914
7,000
10,000
96,793
138,915
31,897
15,493
20,000
10,000
133,129
210,518
14,671
15,128
1,050
10,000
468,537
509,387
232,611
0
184,182
0
79,887
0
133,966
0
-28,241
0
232,611
41,334
184,182
-2,958
79,887
3,423
133,966
-1,287
-28,241
-1,105
191,277
59,296
187,140
58,013
76,464
23,704
135,253
41,929
-27,135
0
131,981
129,127
52,760
93,325
-27,135
Red
Blue
Ochre
Pink
Navy
0
19,151
2,000
21,151
0
14,779
660,346
675,125
0
8,424
2,000
10,424
0
13,263
318,606
331,869
0
18,524
273,136
291,660
20,000
131,981
442,937
594,918
20,000
129,127
543,326
692,453
20,000
52,760
357,785
430,545
20,000
93,325
231,719
345,044
20,000
-27,135
327,648
320,513
444,295
-1,020,000
1,938
-573,767
0
-20,000
2,672
-17,328
88,912
-510,000
967
-420,121
0
-15,000
1,825
-13,175
0
-30,000
1,147
-28,853
21,151
675,125
10,424
331,869
291,660
Red
Blue
Ochre
Pink
Navy
2,010,828 12,378,869 11,969,778 11,765,286 7,968,119
33,000
30,000
29,700
31,100
43,400
60.93
413
403
378
184
53.83
390
338
259
271
0
0
0
0
0
6.59
24.81
31.94
17.04
n/a
-29.75
31.13
30.10
27.39
0.11
Red
46.11
33.95
20.46
34.74
127
27.07
61.29
9.24
Blue
35.20
30.83
23.89
80.69
-61.64
25.24
24.45
16.63
Ochre
31.96
26.66
21.78
75.89
-71.38
19.17
20.59
12.62
Pink
42.21
33.68
26.04
88.26
-38.32
33.73
29.85
22.20
Navy
15.23
-0.83
-6.38
76.05
-72.88
-0.11
-1.05
-1.03
Red
11.05
Blue
20.74
Ochre
15.87
Pink
32.47
Navy
5.28
10.98
11.30
0
0
23.54
11.24
0
0
15.06
18.61
0
0
35.55
22.04
0
0
2.29
15.46
0
0
Red
380
5
557
557
Blue
330
6
1,033
1,033
650
8
239
239
Ochre
Pink
Navy
300
4
1,258
1,258
315
3
919
919
470
2
268
268
350
1
932
932
350
4
810
1,104
512
2
0
446
Red
10.49
Blue
13.61
Ochre
28.86
Pink
22.78
Navy
3.53
10.91
9.63
0
0
20.23
0
0
0
24.65
37.52
0
0
18
32.61
0
0
5.25
0
0
0
Red
Blue
Ochre
Pink
Navy
3,000
5
1,364
1,364
2,700
6
3,139
3,139
3,000
4
1,638
1,638
2,100
3
5,740
5,740
5,350
2
50
50
5,000
3,100
4,000
2,500
5,700
8
183
183
4
785
1,297
2
368
368
4
730
1,106
2
82
82
Red
9.53
Blue
24.18
Ochre
12.36
Pink
39.86
Navy
0.81
10.11
6.68
0
0
23.27
28.68
0
0
12.14
13.44
0
0
42.54
26.66
0
0
0.37
2.99
0
0
Red
250
5
683
683
580
8
367
367
Blue
210
6
1,410
1,410
Ochre
250
4
675
675
Pink
Navy
150
3
1,772
1,772
320
2
224
224
250
4
0
2,336
300
2
998
1,080
Red
15.26
Blue
20.48
Ochre
9.81
Pink
25.74
Navy
17.76
13.34
20.82
0
0
27.54
0
0
0
13.19
0
0
0
34.60
0
0
0
4.38
56.57
0
0
Red
Blue
1,457
Ochre
3,202
785
Pink
3,322
100
208
Navy
6,275
47
1,001
1,255
340
500
1,230
600
600
1,150
19
49
12
400
810
155
35
250
500
730
340
44
50
2
76
1
14
1,200
81
40
48
24
19
85
76
81
0
0
24
0
796
1,033
2,190
1,729
202
65
556
991
2,775
1,150
1,756
250
5,740
730
38
94
683
367
1,410
675
17
1,755
998
224
14
2
12
12
15
3
13
16
4
12
2
12
16
4
14
3
16
4
14
2
12
2
17
5
14
3
Red
Blue
Ochre
Pink
Navy
0
10.43
11.63
0
20.50
13.20
0
25.39
13.20
0
25.73
8.74
7.08
8.30
12.37
108
72.49
272
71.67
546
65.24
87.77
277
110
55.18
101
106
90.49
98.92
102
109
132
111
154
106
121
113
151
117
192
106
106
77.48
71.67
134
67.26
102
107
272
106
77.48
98.17
83.56
107
109
154
87.89
272
79.24
134
67.26
151
117
229
114
125
89.27
76.71
186
106
154
77.48
71.67
71.55
117
272
123
77.48
71.67
71.55
244
1.75
1.45
2.71
1.47
3.33
1.40
1.49
2.63
3.16
99.61
2.19
Red
Blue
Ochre
Pink
Navy
1,457
340
0
1,797
-557
-556
-683
3,933
0
3,202
1,230
0
4,432
-1,033
-1,989
-1,410
2,408
0
3,322
0
0
3,322
-1,258
-1,388
-675
1,087
0
6,275
400
0
6,675
-919
-5,740
-16.94
1,975
0
47.44
155
65.43
268
-268
0
0
6,102
0
208
600
556
1,364
-1,364
0
0
562
0
0
1,150
1,989
3,139
-3,139
0
0
0
0
0
250
1,388
1,638
-1,638
0
0
0
0
1,255
500
5,740
7,495
-5,740
0
-1,755
395
0
0
340
0
340
-50.25
-65.43
-224
0
0
683
0
683
-683
0
1,410
0
1,410
-1,410
0
675
0
675
-675
0
16.94
1,755
1,772
-1,772
0
0
224
224
-224
0
Red
0
500
0
500
-239
0
0
2,156
Blue
785
0
0
785
0
-785
0
0
Ochre
100
1,200
0
1,300
-932
-368
0
494
Pink
0
810
0
810
-810
0
0
0
Navy
1,001
35
0
1,036
0.00
-37.76
-998
0
0
0
0
294
446
0
600
0
600
-183
0
-367
330
0
0
0
785
785
-785
0
0
0
512
0
0
368
368
-368
0
0
0
0
0
730
0
730
-730
0
0
0
376
0
44
37.76
81.76
-81.76
0
0
0
0
0
367
367
-367
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,336
998
0
998
-998
82
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
0
0
0
0
0
0
0
7.08
0
11.82
0
18.38
29
24.57
29.00
29
0
0
13.39
13.20
8.70
13.20
13.20
8.74
8.70
13.20
Profit and Loss statement, k USD, Global
Sales revenue
Green
2,430,528
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs and expenses total
921,649
288,003
55,069
58,910
347,946
64,000
164,394
1,899,971
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
530,557
510,268
OPERATING PROFIT (EBIT)
Net financing expenses
20,289
115,392
PROFIT BEFORE TAXES
Income taxes
-95,103
76,216
PROFIT FOR THE ROUND
-171,319
Balance sheet, k USD, Global
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
2,891,518
0
93,575
1,041,104
4,026,197
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Payables
Total liabilities
449,000
957,158
-171,319
1,846,451
3,081,291
497,789
396,158
50,960
944,907
Total shareholders' equity and liabilities
4,026,197
Profit and Loss statement, k USD, USA
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
725,274
428,712
1,153,986
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
599,782
82,651
31,481
0
228,340
15,000
103,537
0
1,060,791
93,195
257,068
OPERATING PROFIT (EBIT)
Net financing expenses
-163,873
65,089
PROFIT BEFORE TAXES
Income taxes
-228,962
0
PROFIT FOR THE ROUND
-228,962
Balance sheet, k USD, USA
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,456,718
0
27,923
379,566
1,864,208
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
409,000
957,158
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
Total shareholders' equity and liabilities
-228,962
159,837
1,297,033
497,789
0
41,900
27,486
567,175
1,864,208
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Green
Cash provided by operating activities
Operating profit before depreciation (EBITDA)
Change in receivables (incr - / decr +)
Change in inventories (incr - / decr +)
Change in payables (incr + / decr -)
Net financing expenses
Income taxes
Total
93,195
-4,506
0
16,053
-65,089
0
39,653
Cash provided by investment activities
Plant investments
Cash flow before financing activities
0
39,653
Cash provided by financing activities
Dividends
Proceeds from equity issues and buybacks
Dividends received from subsidiaries
Change in long-term debt (incr + / decr -)
Change in short-term debt (incr + / decr -)
Change in internal loans
Total
Change in cash and cash equivalents
Cash 1.1.
Cash 31.12.
0
850,530
0
0
-512,617
0
337,913
377,566
2,000
379,566
Profit and Loss statement, k USD, Asia
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
865,463
159,451
1,024,914
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
321,867
104,748
23,588
27,827
119,606
29,000
50,857
153,010
830,503
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
194,411
253,200
OPERATING PROFIT (EBIT)
Net financing expenses
-58,789
53,208
PROFIT BEFORE TAXES
Income taxes
-111,997
0
PROFIT FOR THE ROUND
-111,997
Balance sheet, k USD, Asia
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,434,800
0
33,320
2,000
1,470,120
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
20,000
-111,997
1,170,456
1,078,458
396,158
-22,900
18,404
391,662
Total shareholders' equity and liabilities
1,470,120
Profit and Loss statement, k USD, Europe
Green
Sales revenue
Sales revenue
839,792
Costs and expenses
Feature costs
Transportation and tariffs
Promotion
Administration
Costs of imported products
Costs and expenses total
100,604
31,083
20,000
10,000
435,153
596,840
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
242,952
0
OPERATING PROFIT (EBIT)
Net financing expenses
242,952
-2,905
PROFIT BEFORE TAXES
Income taxes
245,857
76,216
PROFIT FOR THE ROUND
169,641
Balance sheet, k USD, Europe
Green
ASSETS
Fixed assets
Receivables
Cash and cash equivalents
Total assets
0
32,332
659,537
691,869
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20,000
169,641
516,158
705,799
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-19,000
5,070
-13,930
Total shareholders' equity and liabilities
691,869
Ratios and key financial indicators
Ratios
Market capitalization of the company, k USD
Shares outstanding at the end of round, k shares
Share price at the end of round, USD
Average trading price during the round, USD
Dividend yield, %
P/E ratio
Cumulative total shareholder return (p.a.), %
Green
7,682,115
40,900
188
83.39
0
n/a
0.65
Key financial indicators, %
Operating profit before depreciation (EBITDA)
Operating profit (EBIT)
Return on sales (ROS)
Equity ratio
Net debt to equity (gearing)
Return on capital employed (ROCE)
Return on equity (ROE)
Earnings per share (EPS), USD
Green
21.83
0.83
-7.05
76.53
-4.78
0.51
-6.25
-4.19
Market report, global
Global market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
26.18
23.86
33
0
0
Market report, USA
Green
Tech 1
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
300
5
983
983
Tech 2
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
340
7
1,265
1,265
Tech 3
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
USA market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
27.16
24.52
29.65
0
0
Market report, Asia
Green
Tech 1
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
2,100
5
2,827
2,827
Tech 2
Selling Price, RMB
3,700
Number of offered features
Sales, k units
Demand, k units
7
475
475
Tech 3
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Asia market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
21.72
24.53
16.34
0
0
Market report, Europe
Green
Tech 1
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
185
5
829
829
Tech 2
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
250
7
1,803
1,803
Tech 3
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Europe market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
33.84
21.20
50.58
0
0
Production report
In-house manufacturing, k units
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
2,806
2,289
1,633
959
Contract manufacturing, k units
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
295
200
Capacity usage, %
USA
Tech 1
Tech 2
24
20
Tech 3
Tech 4
Free capacity
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Free capacity
56
27
16
57
Origin of products sold in USA, k units
USA
Asia
2,249
Origin of products sold in Asia, k units
USA
Asia
994
2,308
Origin of products sold in Europe, k units
USA
Asia
2,148
485
Number of plants this round
USA
Asia
21
11
Number of plants next round
USA
Asia
21
11
Number of plants after next round
USA
Asia
21
11
Cost report
Logistics
Green
Average logistics cost per sold product, USD
Products sold in USA
Products sold in Asia
Products sold in Europe
0
8.43
11.81
Production cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
76.98
168
Asia
Tech 1
Tech 2
Tech 3
Tech 4
68.24
219
Contract manufacturing cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
107
118
Average unit cost per sold product, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Europe
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
76.98
161
124
74.83
219
95.60
76.98
176
145
Production scrap, %
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
1.48
1.96
2.40
Tech 2
Tech 3
Tech 4
3.80
Logistics details
Tech 1, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
2,806
0
0
2,806
-983
-994
-829
2,391
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
1,633
200
994
2,827
-2,827
0
0
1,392
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
829
0
829
-829
0
Tech 2, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
2,289
295
0
2,584
-1,265
0
-1,318
2,331
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
0
959
0
0
959
-475
0
-485
977
0
1,318
485
1,803
-1,803
0
Tech 3, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Tech 4, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Cost report - Transportation cost incl. tariffs per sold product, USD
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Europe
Tech 1
Tech 2
Tech 3
Tech 4
0
0
9.84
0
12.60
11.44
Red
800,569
Blue
2,012,346
Ochre
1,414,821
Pink
2,607,460
Navy
390,352
217,232
62,795
59,830
23,960
0
63,000
128,326
555,142
464,225
246,180
158,999
101,720
129,874
109,000
109,249
1,319,247
154,731
62,516
221,445
29,838
60,000
64,000
98,802
691,332
762,505
203,389
274,471
96,089
103,325
68,500
128,326
1,636,606
43,926
13,056
140,979
4,275
434,196
27,259
119,000
782,691
245,427
244,018
693,100
125,518
723,489
77,518
970,854
237,268
-392,339
188,368
1,409
162,919
567,582
-39,916
645,971
-34,130
733,586
-32,874
-580,707
76,495
-161,510
17,222
607,498
122,841
680,101
203,508
766,459
216,000
-657,202
25,065
-178,731
484,657
476,593
550,459
-682,267
Pink
Navy
Red
Blue
Ochre
1,382,768
0
30,822
679,268
2,092,858
991,268
0
77,475
2,553,810
3,622,554
759,268
0
54,471
1,417,620
2,231,359
1,644,518
0
100,387
1,775,751
3,520,656
1,067,418
0
15,029
6,955,958
8,038,405
400,000
269,045
-178,731
224,447
714,760
340,000
0
484,657
1,950,720
2,775,377
327,000
0
476,593
1,212,957
2,016,550
351,000
190,116
550,459
2,117,838
3,209,414
574,000
4,306,856
-682,267
1,285,101
5,483,690
509,789
854,302
14,007
1,378,098
809,789
0
37,388
847,177
109,789
86,981
18,038
214,809
259,789
0
51,454
311,242
582,789
1,964,140
7,786
2,554,715
2,092,858
3,622,554
2,231,359
Blue
243,256
217,078
460,334
571,157
387,606
958,763
576,566
172,298
748,864
584,925
763,973
1,348,898
141,788
32,935
174,723
156,102
18,867
59,830
0
0
18,000
90,138
0
342,935
418,596
56,412
84,815
0
111,321
17,000
78,802
0
766,946
154,731
27,652
92,629
0
60,000
11,000
78,802
0
424,814
699,361
41,820
135,534
0
82,660
13,500
90,138
0
1,063,012
29,278
4,740
54,743
0
357,573
13,501
84,551
0
544,387
117,399
155,218
191,817
77,518
324,050
77,518
285,885
152,068
-369,664
116,368
-37,819
45,698
114,299
19,168
246,532
-19,310
133,817
-37
-486,032
-87,265
-83,516
0
95,131
0
265,842
101,020
133,854
50,865
-398,767
0
-83,516
95,131
164,822
82,989
-398,767
Blue
Ochre
Pink
8,038,405
Red
Red
Ochre
3,520,656
Pink
Navy
Navy
879,568
0
9,365
675,268
1,564,201
719,268
0
21,990
392,820
1,134,078
439,268
0
22,198
1,123,411
1,584,877
1,001,718
0
22,520
485,370
1,509,608
659,418
0
5,459
6,689,013
7,353,890
360,000
269,045
300,000
0
287,000
0
311,000
190,116
534,000
4,306,856
-83,516
-745,155
-199,627
95,131
-137,395
257,735
164,822
297,677
749,500
82,989
446,960
1,031,065
-398,767
490,595
4,932,684
509,789
0
1,245,000
9,040
1,763,829
809,789
0
45,000
21,553
876,342
109,789
0
715,000
10,588
835,377
259,789
0
185,000
33,754
478,542
582,789
0
1,835,000
3,417
2,421,206
1,564,201
1,134,078
1,584,877
1,509,608
7,353,890
Red
Blue
Ochre
Pink
Navy
117,399
4,768
0
-1,452
-45,698
0
75,018
191,817
-8,869
0
-1,333
-19,168
0
162,446
324,050
4,891
0
-6,659
19,310
-101,020
240,573
285,885
-463
0
11,900
37
-50,865
246,494
-369,664
-612
0
-8,437
87,265
0
-291,449
0
-280,000
0
-140,000
0
75,018
-117,554
240,573
106,494
-291,449
-5,000
167,569
21,600
0
0
0
184,169
259,187
0
0
0
300,000
0
0
300,000
182,446
0
-417,065
307,166
-400,000
0
-20,000
-529,900
-289,327
0
0
0
-50,000
0
0
-50,000
56,494
-500
1,492,157
309
0
0
900,000
2,391,966
2,100,518
416,081
675,268
210,374
392,820
1,412,738
1,123,411
428,876
485,370
4,588,495
6,689,013
Red
Blue
Ochre
Pink
Navy
324,998
0
324,998
1,182,768
0
1,182,768
576,120
30,974
607,093
1,263,391
0
1,263,391
18,957
66,644
85,601
61,131
28,693
0
17,289
0
26,000
28,189
147,725
309,026
45,629
156,303
74,184
90,007
18,553
70,000
20,447
315,307
790,429
0
23,969
128,816
22,555
0
36,000
10,000
117,263
338,604
63,145
99,878
138,937
63,674
20,665
30,000
28,189
420,350
864,837
14,648
506
86,236
0
76,623
12,458
24,449
0
214,919
15,971
88,800
392,338
48,000
268,490
0
398,554
85,200
-129,318
72,000
-72,829
60,718
344,338
-55,579
268,490
-19,647
313,354
-30,782
-201,318
165,105
-133,547
0
399,917
87,982
288,137
63,390
344,135
75,710
-366,424
0
-133,547
311,935
224,746
268,426
-366,424
Pink
Navy
Red
Blue
Ochre
503,200
0
12,512
2,000
517,712
272,000
0
45,537
1,419,157
1,736,693
320,000
0
22,181
292,209
634,390
642,800
0
48,641
786,896
1,478,337
408,000
0
730
2,000
410,730
20,000
-133,547
407,212
293,665
20,000
311,935
1,415,662
1,747,598
20,000
224,746
607,893
852,639
20,000
268,426
1,345,834
1,634,260
20,000
-366,424
494,110
147,686
444,923
-225,000
4,124
224,047
0
-25,000
14,096
-10,904
0
-225,000
6,751
-218,249
0 1,964,140
-170,000 -1,705,000
14,077
3,903
-155,923
263,044
517,712
1,736,693
Red
Blue
232,316
258,422
15,235
6,671
19,000
10,000
69,353
120,259
634,390
410,730
Pink
Navy
262,135
759,144
229,608
33,465
11,713
22,000
10,000
72,300
149,477
10,894
7,282
17,000
10,000
86,009
131,186
61,692
32,415
25,000
10,000
343,622
472,729
7,810
4,275
1,300
10,000
99,579
122,965
112,057
0
108,945
0
130,949
0
286,415
0
106,643
0
112,057
56,503
108,945
-3,505
130,949
4,827
286,415
-2,055
106,643
-1,345
55,554
17,222
112,450
34,860
126,122
39,098
288,470
89,426
107,989
25,065
38,332
77,591
87,024
199,044
82,924
Red
Blue
Ochre
1,478,337
Ochre
Pink
Navy
0
8,944
2,000
10,944
0
9,949
741,834
751,783
0
10,092
2,000
12,092
0
29,227
503,484
532,712
0
8,840
264,945
273,785
20,000
38,332
562,390
620,722
20,000
77,591
672,453
770,044
20,000
87,024
307,387
414,411
20,000
199,044
325,044
544,088
20,000
82,924
300,396
403,320
409,379
-1,020,000
843
-609,778
0
-20,000
1,739
-18,261
86,981
-490,000
700
-402,319
0
-15,000
3,623
-11,377
0
-130,000
465
-129,535
10,944
751,783
12,092
532,712
273,785
Red
Blue
Ochre
Pink
2,765,947 11,916,164 10,706,151 13,250,292
36,000
30,000
28,700
31,100
76.83
397
373
426
55.86
413
417
378
0.18
0
0
0
n/a
24.59
22.46
24.07
-18.76
21.38
19.49
23.52
Navy
6,929,624
53,400
130
149
0.01
n/a
-8.23
Red
30.66
0.18
-22.33
34.15
95.81
0.07
-24.73
-4.96
Blue
34.44
28.20
24.08
76.61
-62.84
17.78
19.13
16.16
Ochre
51.14
45.66
33.69
90.37
-60.54
27.09
23.99
16.61
Pink
37.23
28.13
21.11
91.16
-47.23
22.79
18.76
17.70
Navy
-101
-149
-175
68.22
-80.40
-8.20
-13.43
-12.78
Red
6.38
Blue
23.05
Ochre
12.93
Pink
29.14
Navy
2.32
8.69
2.84
0
0
25.72
20.54
0
0
10.93
7.82
100
0
29.95
30.60
0
0
0.86
5.20
0
0
Red
Blue
Ochre
Pink
Navy
380
5
466
466
320
6
775
775
300
4
942
942
315
3
744
744
520
3
101
101
650
8
102
102
340
5
951
951
350
1
840
840
370
5
948
948
550
3
162
162
Red
6.86
Blue
20.84
Ochre
21.52
Pink
20.43
Navy
3.18
11.61
2.39
0
0
19.31
22.28
0
0
23.49
19.68
0
0
18.54
22.21
0
0
2.53
3.79
0
0
Red
Blue
3,000
5
800
800
2,200
6
3,297
3,297
5,000
2,600
Ochre
3,000
4
806
806
Pink
Navy
2,100
3
3,789
3,789
6,000
3
6
6
3,100
6,000
8
98
98
5
1,254
1,754
5
1,056
1,056
3
22
22
3,500
1
773
773
Red
5.90
Blue
29.94
Ochre
10.38
Pink
31.87
Navy
0.18
6.94
3.37
0
0
28.60
43.19
0
0
6.99
0
100
0
32.88
36.35
0
0
0.05
0.75
0
0
Red
Blue
250
4
424
424
200
6
930
930
580
8
105
105
240
5
0
1,579
Ochre
250
4
378
378
310
1
303
303
Pink
Navy
150
3
1,291
1,291
385
3
60
60
275
5
1,282
1,282
380
3
374
374
Red
6.81
Blue
11.95
Ochre
8.76
Pink
33.07
Navy
5.58
10.84
2.96
0
0
23.77
0
0
0
9.67
0
100
0
33
35.96
0
0
1.52
10.50
0
0
Red
Blue
Ochre
1,032
83
4,165
825
258
22
836
400
200
Pink
2,126
Navy
2,825
2,286
119
1,177
40
880
967
428
1,000
340
200
1,394
500
200
500
1,262
12
1
63
13
32
32
26
2
87
24
12
1
76
87
24
0
47
98
568
1,725
1,782
1,691
263
617
280
3,215
1,336
806
773
2,274
2,571
28
529
930
378
303
2,573
157
277
16
4
12
2
12
16
4
14
3
16
4
14
2
12
2
17
5
14
3
16
4
15
3
13
2
18
7
15
4
Red
68
42
98
53
2
Blue
Ochre
Pink
Navy
0
19.26
12.60
0
19.78
12.60
0
14.29
10.69
0
13.14
12.60
0
0
9.85
104
585
64.81
180
72.78
65.43
225
247
103
1,555
93.97
111
54.56
53.65
370
96.38
95.79
93.32
95.59
95.60
111
99.67
107
163
148
102
101
250
64.81
137
72.78
95.79
69.10
186
95.60
162
128
105
83.63
134
136
102
547
62.21
141
72.78
75.55
186
107
197
102
150
84.07
87.12
99.55
178
101
250
64.81
72.78
69.10
186
107
183
102
131
64.81
85.83
127
172
1.68
3.31
1.40
2.22
1.43
1.34
2.37
2.25
2.97
2.17
2.02
7.88
Red
4.72
Blue
Ochre
Pink
Navy
1,032
400
0
1,432
-466
-542
-424
5,128
0
4,165
0
0
4,165
-775
-2,460
-930
1,313
0
2,126
0
0
2,126
-942
-806
-378
1,174
0
2,825
428
0
3,253
-744
-1,218
-1,291
2,455
0
0
340
0
340
-101
0
0
4,235
0
258
0
542
800
-800
0
0
1,282
0
836
0
2,460
3,297
-3,297
0
0
264
0
0
0
806
806
-806
0
0
0
0
1,177
1,394
1,218
3,789
-3,789
0
0
1,023
0
0
500
0
500
-6.16
0
-59.60
495
0
424
0
424
-424
0
930
0
930
-930
0
378
0
378
-378
0
1,291
0
1,291
-1,291
0
0
59.60
59.60
-59.60
0
Red
83.05
200
0
283
-102
-75.77
-105
2,381
Blue
825
880
0
1,705
-951
-754
0
0
Ochre
0
967
0
967
-840
0
0
0
Pink
2,286
1,000
0
3,286
-948
-1,056
-1,282
1,234
Navy
119
200
0
319
-162
0
-157
3,346
0
0
0
0
0
22.25
0
75.77
98.02
-98.02
0
0
638
0
0
500
754
1,254
-1,254
0
0
0
499
0
0
0
0
0
0
0
0
0
0
0
1,056
1,056
-1,056
0
0
0
0
39.55
200
0
240
-21.93
0
-218
1,115
0
105
0
105
-105
0
0
0
0
0
1,579
0
0
0
0
0
1,282
0
1,282
-1,282
0
157
218
374
-374
0
Red
Blue
Ochre
Pink
0
0
0
0
0
0
0
0
0
0
1,262
0
1,262
-773
0
-303
0
0
0
303
303
-303
0
Navy
Red
Blue
Ochre
Pink
Navy
Red
Blue
Ochre
Pink
Navy
0
0
0
0
0
0
0
0
0
0
18.97
21.65
20.90
16.84
28.00
9.00
28
0
0
12.60
12.60
8.30
10.10
0
12.60
12.60
12.60
12.60
8.30
Profit and Loss statement, k USD, Global
Sales revenue
Green
2,212,730
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs and expenses total
658,973
167,879
232,244
79,109
194,267
45,500
164,394
1,542,366
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
670,364
433,728
OPERATING PROFIT (EBIT)
Net financing expenses
236,636
13,928
PROFIT BEFORE TAXES
Income taxes
222,708
64,105
PROFIT FOR THE ROUND
158,602
Balance sheet, k USD, Global
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
2,457,791
0
85,190
2,174,560
4,717,541
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Payables
Total liabilities
492,000
1,644,979
158,602
1,675,132
3,970,714
497,789
205,211
43,821
746,821
Total shareholders' equity and liabilities
4,717,534
Profit and Loss statement, k USD, USA
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
702,457
278,033
980,490
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
333,518
72,447
73,842
0
127,488
10,500
103,537
0
721,332
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
259,157
218,508
OPERATING PROFIT (EBIT)
Net financing expenses
40,650
-1,854
PROFIT BEFORE TAXES
Income taxes
42,504
0
PROFIT FOR THE ROUND
42,504
Balance sheet, k USD, USA
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,238,211
0
27,045
1,363,264
2,628,519
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Additional paid-in capital
452,000
1,644,979
Profit for the round
Retained earnings
Total equity
Liabilities
Long-term loans
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
Total shareholders' equity and liabilities
42,504
-69,125
2,070,357
497,789
0
41,900
18,473
558,162
2,628,519
PARENT COMPANY'S CASH FLOW STATEMENT, k USD
Green
Cash provided by operating activities
Operating profit before depreciation (EBITDA)
Change in receivables (incr - / decr +)
Change in inventories (incr - / decr +)
Change in payables (incr + / decr -)
Net financing expenses
Income taxes
Total
259,157
878
0
-9,013
1,854
0
252,877
Cash provided by investment activities
Plant investments
Cash flow before financing activities
0
252,877
Cash provided by financing activities
Dividends
Proceeds from equity issues and buybacks
Dividends received from subsidiaries
Change in long-term debt (incr + / decr -)
Change in short-term debt (incr + / decr -)
Change in internal loans
Total
Change in cash and cash equivalents
Cash 1.1.
Cash 31.12.
0
730,821
0
0
0
0
730,821
983,697
379,566
1,363,264
Profit and Loss statement, k USD, Asia
Green
Sales revenue
from markets
from internal transfers
Sales revenue total
962,058
273,991
1,236,049
Costs and expenses
Variable production costs
Feature costs
Contract manufacturing costs
Transportation and tariffs
R&D
Promotion
Administration
Costs of imported products
Costs and expenses total
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
OPERATING PROFIT (EBIT)
Net financing expenses
325,455
79,936
158,401
70,762
66,779
19,500
50,857
256,264
1,027,955
208,094
215,220
-7,126
19,454
PROFIT BEFORE TAXES
Income taxes
-26,580
0
PROFIT FOR THE ROUND
-26,580
Balance sheet, k USD, Asia
Green
ASSETS
Fixed assets
Inventory
Receivables
Cash and cash equivalents
Total assets
1,219,580
0
37,039
2,000
1,258,619
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
20,000
-26,580
1,058,458
1,051,878
205,211
-22,900
24,430
206,741
Total shareholders' equity and liabilities
1,258,619
Profit and Loss statement, k USD, Europe
Green
Sales revenue
Sales revenue
548,222
Costs and expenses
Feature costs
Transportation and tariffs
Promotion
Administration
Costs of imported products
Costs and expenses total
15,496
8,347
15,500
10,000
295,760
345,104
OPERATING PROFIT BEFORE DEPR. (EBITDA)
Depreciation from fixed assets
203,119
0
OPERATING PROFIT (EBIT)
Net financing expenses
203,119
-3,672
PROFIT BEFORE TAXES
Income taxes
206,791
64,105
PROFIT FOR THE ROUND
142,686
Balance sheet, k USD, Europe
Green
ASSETS
Fixed assets
Receivables
Cash and cash equivalents
Total assets
0
21,107
809,297
830,403
SHAREHOLDERS' EQUITY AND LIABILITIES
Equity
Share capital
Profit for the round
Retained earnings
Total equity
20,000
142,686
685,799
848,485
Liabilities
Short term loans (unplanned)
Internal loans
Payables
Total liabilities
0
-19,000
918
-18,082
Total shareholders' equity and liabilities
830,403
Ratios and key financial indicators
Ratios
Market capitalization of the company, k USD
Shares outstanding at the end of round, k shares
Share price at the end of round, USD
Average trading price during the round, USD
Dividend yield, %
P/E ratio
Cumulative total shareholder return (p.a.), %
Green
11,834,731
45,200
262
170
0
74.62
7.43
Key financial indicators, %
Operating profit before depreciation (EBITDA)
Operating profit (EBIT)
Return on sales (ROS)
Equity ratio
Net debt to equity (gearing)
Return on capital employed (ROCE)
Return on equity (ROE)
Earnings per share (EPS), USD
Green
30.30
10.69
7.17
84.17
-37.06
5.47
4.50
3.51
Market report, global
Global market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
18.09
17.04
11.87
28.54
100
Market report, USA
Green
Tech 1
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
330
5
802
802
Tech 2
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
380
7
1,152
1,152
Tech 3
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
Tech 4
Selling Price, USD
Number of offered features
Sales, k units
Demand, k units
USA market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
23.60
21.42
25.39
0
0
Market report, Asia
Green
Tech 1
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Tech 2
Selling Price, RMB
2,550
5
2,283
2,286
Number of offered features
Sales, k units
Demand, k units
Tech 3
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
3,500
2
955
955
Tech 4
Selling Price, RMB
Number of offered features
Sales, k units
Demand, k units
Asia market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
16.90
17.12
0
30.44
0
Market report, Europe
Green
Tech 1
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 2
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 3
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
Tech 4
310
5
291
293
Selling Price, EUR
Number of offered features
Sales, k units
Demand, k units
515
2
564
564
Europe market shares, %
Total
Tech 1
Tech 2
Tech 3
Tech 4
Green
14.29
10.64
0
0
100
Production report
In-house manufacturing, k units
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
3,004
852
367
40
Contract manufacturing, k units
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
375
300
600
525
Capacity usage, %
USA
Tech 1
Tech 2
26
7
Tech 3
Tech 4
Free capacity
67
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Free capacity
6
1
93
Origin of products sold in USA, k units
USA
Asia
1,954
Origin of products sold in Asia, k units
USA
Asia
2,283
955
Origin of products sold in Europe, k units
USA
Asia
291
564
Number of plants this round
USA
Asia
21
11
Number of plants next round
USA
Asia
21
11
Number of plants after next round
USA
Asia
21
11
Cost report
Logistics
Green
Average logistics cost per sold product, USD
Products sold in USA
Products sold in Asia
Products sold in Europe
0
21.86
9.76
Production cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
71.25
140
Asia
Tech 1
Tech 2
Tech 3
Tech 4
650
2,421
Contract manufacturing cost per unit, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
104
117
118
167
Average unit cost per sold product, USD
USA
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
Europe
Tech 1
Tech 2
Tech 3
Tech 4
Weighted average
74.84
134
110
74.84
315
146
74.84
324
239
Production scrap, %
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
1.42
1.78
Tech 2
Tech 3
Tech 4
6.97
8.46
Logistics details
Tech 1, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
3,004
375
0
3,379
-802
-2,283
-291
3,404
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
0
2,283
2,283
-2,283
0
0
0
3
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
291
0
291
-291
3
Tech 2, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
852
300
0
1,152
-1,152
0
0
881
Unsatisfied demand
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
0
0
0
0
0
0
0
0
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
0
0
0
0
0
Tech 3, k units
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
0
0
0
0
0
0
0
0
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
367
600
0
967
-955
0
0
3,880
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
Tech 4, k units
0
0
0
0
0
Green
USA
Production
Contract manufacturing
Imported from Asia
Total products
Sales in USA
Exported to Asia
Exported to Europe
Cut production
Unsatisfied demand
0
0
0
0
0
0
0
0
0
Asia
Production
Contract manufacturing
Imported from USA
Total products
Sales in Asia
Exported to USA
Exported to Europe
Cut production
Unsatisfied demand
40.40
525
0
565
0
0
-564
929
0
Europe
Imported from USA
Imported from Asia
Total products
Sales in Europe
Unsatisfied demand
0
564
564
-564
0
Cost report - Transportation cost incl. tariffs per sold product, USD
Green
USA
Tech 1
Tech 2
Tech 3
Tech 4
Asia
Tech 1
Tech 2
Tech 3
Tech 4
Europe
Tech 1
Tech 2
Tech 3
Tech 4
0
0
31.00
0
12.60
8.30
Red
514,462
Blue
Ochre
2,436,803 1,382,914
Pink
2,982,552
Navy
946,455
0
45,407
304,939
4,591
110,000
79,000
128,326
672,263
451,078
299,105
358,742
58,702
344,125
348,520
128,125
76,229
110,000
540,000
112,000
70,900
114,998
109,249
1,619,068 1,502,705
695,422
248,852
134,456
183,493
369,593
72,500
134,621
1,838,937
447,169
69,961
0
62,202
55,000
37,600
119,000
790,933
-157,801
207,415
817,736
148,690
-119,791
113,890
1,143,615
246,678
155,523
160,113
-365,216
232,351
669,045
-51,875
-233,681
5,383
896,937
-43,172
-4,590
19,237
-597,567
14,769
720,921
135,352
-239,064
17,301
940,109
261,220
-23,827
29,114
-612,336
585,568
-256,365
678,889
-52,941
Blue
Ochre
Pink
Red
Navy
1,175,353
0
19,807
599,536
1,794,696
1,142,578
785,378
0
0
93,817
53,242
2,983,699
768,158
4,220,094 1,606,778
1,857,841
0
114,828
2,174,018
4,146,687
1,207,306
0
36,439
4,789,630
6,033,374
400,000
269,045
-612,336
45,715
102,424
340,000
310,000
0
0
585,568 -256,365
2,435,377 1,032,459
3,360,945 1,086,094
351,000
190,116
678,889
2,668,298
3,888,302
574,000
4,306,856
-52,941
602,834
5,430,749
209,789
0
48,596
258,385
532,789
47,532
22,304
602,625
509,789
1,168,818
13,665
1,692,272
809,789
0
49,360
859,149
120,689
369,867
30,128
520,685
1,794,696
Red
245,876
0
245,876
0
21,550
141,779
0
88,000
23,000
90,138
0
364,467
4,220,094 1,606,778
Blue
765,442
346,875
1,112,318
Ochre
4,146,687
Pink
6,033,374
Navy
549,690
378,726
928,416
639,106
595,357
1,234,463
0
227,581
227,581
393,332
279,264
86,850
25,011
142,572
122,514
0
25,782
96,250
462,857
27,000
13,000
84,551
78,802
0
125,311
830,555 1,132,541
604,672
51,316
0
25,423
285,595
13,500
92,878
40,811
1,114,195
227,573
0
0
0
45,294
13,100
84,551
0
370,518
-118,590
131,935
281,762
107,890
-204,125
65,890
120,269
150,258
-142,937
98,913
-250,526
58,289
173,872
21,159
-270,016
-12,975
-29,989
-1,773
-241,849
-90,630
-308,815
0
152,713
0
-257,040
0
-28,216
0
-151,219
0
-308,815
152,713
-257,040
-28,216
-151,219
Blue
Ochre
Red
747,633
0
9,466
595,536
1,352,635
360,000
269,045
751,378
513,378
0
0
29,470
21,163
508,366
764,158
1,289,213 1,298,699
300,000
0
270,000
0
Pink
Navy
991,461
0
24,606
407,807
1,423,873
700,506
0
0
4,457,010
5,157,515
311,000
190,116
534,000
4,306,856
-308,815
-828,672
-508,442
-257,040
282,627
295,586
-28,216
529,949
1,002,849
-151,219
91,828
4,781,465
509,789
0
1,345,000
6,288
1,861,077
809,789
120,689
0
0
45,000
865,000
23,976
17,424
878,765 1,003,113
209,789
0
185,000
26,234
421,023
532,789
0
-165,500
8,762
376,050
1,352,635
1,289,213 1,298,699
1,423,873
5,157,515
Red
152,713
-42,265
410,448
Blue
Ochre
Pink
Navy
-118,590
-101
0
-2,752
-58,289
0
-179,732
281,762
-7,480
0
2,423
-21,159
0
255,546
-204,125
1,035
0
6,836
12,975
0
-183,279
120,269
-2,086
0
-7,519
1,773
0
112,437
-142,937
5,459
0
5,344
90,630
0
-41,503
0
-140,000
-140,000
-140,000
-140,000
-179,732
115,546
-323,279
-27,563
-181,503
0
0
0
0
0
100,000
100,000
-79,732
0
0
0
0
0
0
0
115,546
0
-674,091
477,218
10,900
0
150,000
-35,973
-359,252
0
0
0
0
0
0
-50,000
-50,000
0
0
0 -2,000,500
-50,000 -2,050,500
-77,563 -2,232,003
675,268
595,536
392,820 1,123,411
508,366
764,158
485,370
407,807
Red
Blue
Pink
Ochre
6,689,013
4,457,010
Navy
25,882
69,331
95,213
1,447,958
0
1,447,958
623,596
125,311
748,907
1,368,870
89,059
1,457,929
732,899
0
732,899
0
1,775
163,160
0
22,000
31,000
28,189
0
246,123
57,745
240,864
201,553
118,815
13,750
71,000
20,447
298,861
1,023,035
19,841
23,917
226,006
43,999
77,143
38,900
20,447
288,126
738,379
90,749
118,944
134,456
126,787
83,998
34,000
31,743
345,914
966,593
219,596
57,688
0
55,759
9,706
14,500
24,449
145,168
526,866
-150,910
75,480
424,923
40,800
10,528
48,000
491,336
96,420
206,033
61,200
-226,390
110,005
384,123
-69,124
-37,472
361
394,916
-37,977
144,833
111,357
-336,395
0
453,247
99,714
-37,834
0
432,893
95,236
33,477
0
-336,395
353,533
-37,834
337,656
33,477
Red
Blue
Ochre
Pink
Navy
427,720
0
996
2,000
430,716
391,200
0
55,746
1,653,014
2,099,961
272,000
0
24,008
2,000
298,008
866,380
0
52,701
900,966
1,820,047
506,800
0
28,217
2,000
537,017
20,000
-336,395
273,665
-42,730
20,000
353,533
1,727,598
2,101,130
20,000
-37,834
508,813
490,980
20,000
337,656
1,614,260
1,971,916
20,000
33,477
127,686
181,163
792,096
-325,000
6,350
473,446
0
-25,000
23,831
-1,169
119,949
-325,000
12,080
-192,971
0
-170,000
18,131
-151,869
47,532
295,500
12,822
355,854
430,716
2,099,961
298,008
1,820,047
537,017
Red
Blue
Ochre
Pink
Navy
242,704
223,403
209,628
974,576
213,556
22,082
4,591
25,000
10,000
69,331
131,004
31,028
9,310
14,000
10,000
48,014
112,353
9,774
6,447
19,000
10,000
90,599
135,821
78,591
31,282
25,000
10,000
297,691
442,565
12,273
6,444
10,000
10,000
82,413
121,130
111,700
0
111,050
0
73,807
0
532,011
0
92,426
0
111,700
64,057
111,050
-3,910
73,807
17,997
532,011
-3,422
92,426
-1,489
47,643
14,769
114,961
35,638
55,810
17,301
535,433
165,984
93,915
29,114
32,874
79,323
38,509
369,448
64,801
Red
Blue
Ochre
Pink
Navy
0
9,344
2,000
11,344
0
8,601
822,318
830,919
0
8,071
2,000
10,071
0
37,521
865,246
902,767
0
8,222
330,620
338,842
20,000
32,874
600,722
653,595
20,000
79,323
750,044
849,366
20,000
38,509
241,019
299,527
20,000
369,448
524,088
913,537
20,000
64,801
383,320
468,122
376,722
-1,020,000
1,027
-642,251
0
-20,000
1,553
-18,447
249,919
-540,000
625
-289,457
0
-15,000
4,230
-10,770
0
-130,000
721
-129,279
11,344
830,919
10,071
902,767
338,842
Red
Blue
Ochre
Pink
1,680,195 12,710,092 8,141,072 16,391,126
36,000
30,000
27,000
31,100
46.67
424
302
527
76.83
397
397
426
0
0
0
0
n/a
21.71
n/a
24.14
-22.91
18.28
10.50
23.56
Navy
5,488,696
53,400
103
130
0
n/a
-10.90
Red
-30.67
-70.99
-119
5.71
1,054
-18.92
-150
-17.01
Blue
33.56
27.46
24.03
79.64
-64.68
17.25
19.09
19.52
Ochre
-8.66
-16.90
-18.54
67.59
-25.56
-12.33
-16.53
-9.50
Pink
38.34
30.07
22.76
93.77
-50.52
23.71
19.13
21.83
Navy
16.43
-0.48
-5.59
90.01
-77.51
-0.07
-0.97
-0.99
Red
3.40
Blue
26.76
Ochre
11.70
Pink
30.17
Navy
9.87
4.47
2.58
0
0
30.96
28.97
0
0
9.53
8.57
35.60
0
30.22
29.87
35.87
0
7.77
18.14
0
0
Red
Blue
Ochre
Pink
Navy
400
6
406
406
320
7
894
895
310
4
834
834
310
4
808
820
310
3
0
627
650
9
129
129
350
6
1,370
1,494
350
1
832
832
365
5
1,054
1,054
360
4
0
833
Red
6.45
Blue
27.34
Ochre
20.12
Pink
22.50
10.84
2.83
0
0
23.87
30.20
0
0
22.28
18.33
0
0
21.59
23.24
0
0
Red
Blue
5,000
6
49
49
2,200
7
4,500
4,502
9,500
2,700
Ochre
3,200
4
751
751
Pink
2,100
3
4,208
4,210
Navy
0
0
0
0
0
Navy
2,100
3
1,540
2,546
3,000
9
0
0
6
1,441
4,088
4
1,249
1,249
3,600
1
982
982
3,500
6
1,200
1,307
Red
0.26
Blue
31.01
Ochre
9.05
Pink
28.23
Navy
14.56
0.37
0
0
0
33.75
53.58
0
0
5.63
0
31.31
0
31.57
0
38.25
0
11.55
46.42
0
0
Red
250
6
431
431
Blue
210
7
739
739
Ochre
260
4
303
318
500
9
122
122
320
2
209
209
Pink
Navy
175
4
970
970
215
3
0
328
275
5
1,844
2,827
290
4
511
1,278
Red
9.24
Blue
12.35
Ochre
8.55
Pink
47.03
Navy
8.55
15.77
4.91
0
0
27.03
0
0
0
11.08
0
100
0
35.48
74.45
0
0
0
20.65
0
0
Red
Blue
Ochre
4,667
770
1,574
Pink
Navy
4,102
2,899
1,540
770
1,030
667
110
800
592
314
1,915
990
800
600
1,495
582
600
1,331
1,500
1,200
61
10
24
44
31
20
10
16
100
29
61
25
61
10
29
70
100
29
71
30
40
534
2,264
834
832
1,043
820
0
49
3,833
2,106
1,419
314
4,090
1,311
1,799
990
739
512
1,844
970
511
16
4
14
2
12
2
17
5
14
3
16
4
15
3
13
2
18
7
15
4
20
10
15
3
14
3
18
7
15
4
60
553
Red
0
0
8.31
Blue
70
Ochre
Pink
Navy
0
20
12.60
15.48
25.39
12.60
13.56
23.44
11.12
19.99
12.60
59.55
150
69.86
56.38
129
67.20
161
164
51.11
215
96.64
109
63.22
47.39
222
...
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