Sinovac Biotech Ltd
F:SVQ
Income Statement
Earnings Waterfall
Sinovac Biotech Ltd
Income Statement
Sinovac Biotech Ltd
| Sep-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Sep-2006 | Dec-2006 | Jun-2007 | Sep-2007 | Dec-2007 | Dec-2008 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
3
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
1
|
2
|
1
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
2
|
3
|
2
|
1
|
1
|
2
|
4
|
|
| Revenue |
5
N/A
|
6
+20%
|
7
+17%
|
9
+29%
|
11
+22%
|
15
+36%
|
15
N/A
|
24
+60%
|
31
+29%
|
34
+10%
|
46
+35%
|
60
+30%
|
84
+40%
|
88
+5%
|
98
+11%
|
60
-39%
|
33
-45%
|
39
+18%
|
44
+13%
|
57
+30%
|
62
+9%
|
51
-18%
|
50
-2%
|
49
-2%
|
53
+8%
|
61
+15%
|
96
+57%
|
72
-25%
|
63
-13%
|
29
-54%
|
47
+62%
|
64
+36%
|
67
+5%
|
69
+3%
|
52
-25%
|
64
+23%
|
72
+13%
|
127
+76%
|
174
+37%
|
229
+32%
|
230
+0%
|
266
+16%
|
208
-22%
|
272
+31%
|
246
-10%
|
224
-9%
|
212
-5%
|
263
+24%
|
511
+94%
|
11 423
+2 135%
|
19 375
+70%
|
9 606
-50%
|
1 493
-84%
|
420
-72%
|
448
+7%
|
429
-4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(4)
|
(5)
|
(5)
|
(7)
|
(10)
|
(14)
|
(20)
|
(21)
|
(23)
|
(17)
|
(17)
|
(20)
|
(24)
|
(21)
|
(23)
|
(18)
|
(18)
|
(19)
|
(20)
|
(23)
|
(28)
|
(21)
|
(15)
|
(6)
|
(9)
|
(15)
|
(18)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(20)
|
(26)
|
(25)
|
(28)
|
(21)
|
(31)
|
(32)
|
(30)
|
(32)
|
(36)
|
(67)
|
(690)
|
(1 072)
|
(694)
|
(684)
|
(618)
|
(182)
|
(34)
|
|
| Gross Profit |
4
N/A
|
5
+25%
|
5
N/A
|
6
+20%
|
8
+33%
|
11
+38%
|
11
N/A
|
20
+82%
|
26
+30%
|
27
+4%
|
37
+37%
|
47
+27%
|
64
+36%
|
68
+6%
|
76
+12%
|
44
-42%
|
17
-61%
|
19
+12%
|
21
+11%
|
36
+71%
|
40
+11%
|
34
-15%
|
33
-3%
|
30
-9%
|
34
+13%
|
40
+18%
|
69
+73%
|
51
-26%
|
47
-8%
|
23
-51%
|
38
+65%
|
49
+29%
|
49
N/A
|
48
-2%
|
31
-35%
|
43
+39%
|
50
+16%
|
105
+110%
|
154
+47%
|
204
+32%
|
205
+0%
|
238
+16%
|
187
-21%
|
241
+29%
|
214
-11%
|
194
-9%
|
181
-7%
|
228
+26%
|
443
+94%
|
10 734
+2 323%
|
18 303
+71%
|
8 911
-51%
|
808
-91%
|
(198)
N/A
|
267
N/A
|
395
+48%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(8)
|
(9)
|
(10)
|
(12)
|
(9)
|
(11)
|
(11)
|
(12)
|
(15)
|
(13)
|
(21)
|
(19)
|
(22)
|
(27)
|
(33)
|
(25)
|
(29)
|
(33)
|
(37)
|
(32)
|
(44)
|
(41)
|
(42)
|
(49)
|
(47)
|
(46)
|
(67)
|
(41)
|
(46)
|
(22)
|
(33)
|
(45)
|
(46)
|
(44)
|
(44)
|
(49)
|
(50)
|
(76)
|
(109)
|
(143)
|
(159)
|
(189)
|
(145)
|
(186)
|
(145)
|
(140)
|
(148)
|
(181)
|
(228)
|
(376)
|
(749)
|
(875)
|
(1 270)
|
(1 311)
|
(791)
|
(757)
|
|
| Selling, General & Administrative |
(7)
|
(9)
|
(10)
|
(10)
|
(9)
|
(11)
|
(10)
|
(11)
|
(14)
|
(12)
|
(17)
|
(16)
|
(18)
|
(21)
|
(25)
|
(17)
|
(21)
|
(22)
|
(27)
|
(24)
|
(26)
|
(24)
|
(23)
|
(32)
|
(35)
|
(37)
|
(56)
|
(33)
|
(35)
|
(16)
|
(25)
|
(35)
|
(37)
|
(36)
|
(36)
|
(39)
|
(43)
|
(66)
|
(88)
|
(121)
|
(138)
|
(160)
|
(121)
|
(155)
|
(121)
|
(115)
|
(115)
|
(129)
|
(179)
|
(294)
|
(594)
|
(589)
|
(828)
|
(902)
|
(469)
|
(443)
|
|
| Research & Development |
0
|
0
|
(1)
|
0
|
(2)
|
(2)
|
0
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(3)
|
(6)
|
(8)
|
(7)
|
(7)
|
(9)
|
(9)
|
(9)
|
(15)
|
(16)
|
(18)
|
(17)
|
(12)
|
(9)
|
(11)
|
(8)
|
(11)
|
(5)
|
(7)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(17)
|
(20)
|
(22)
|
(22)
|
(26)
|
(22)
|
(28)
|
(24)
|
(26)
|
(34)
|
(54)
|
(49)
|
(83)
|
(155)
|
(285)
|
(442)
|
(409)
|
(345)
|
(337)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
1
|
0
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
1
|
(2)
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
2
|
1
|
1
|
1
|
7
|
6
|
0
|
0
|
0
|
(3)
|
0
|
(3)
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
1
|
1
|
22
|
23
|
|
| Operating Income |
(4)
N/A
|
(5)
-25%
|
(6)
-20%
|
(5)
+17%
|
(2)
+60%
|
(1)
+50%
|
0
N/A
|
8
N/A
|
11
+38%
|
13
+18%
|
16
+23%
|
27
+69%
|
42
+56%
|
40
-5%
|
43
+8%
|
18
-58%
|
(12)
N/A
|
(14)
-17%
|
(16)
-14%
|
3
N/A
|
(4)
N/A
|
(7)
-75%
|
(9)
-29%
|
(19)
-111%
|
(13)
+32%
|
(8)
+38%
|
1
N/A
|
10
+900%
|
2
-80%
|
1
-50%
|
5
+400%
|
4
-20%
|
4
N/A
|
4
N/A
|
(14)
N/A
|
(7)
+50%
|
1
N/A
|
29
+2 800%
|
45
+55%
|
61
+36%
|
45
-26%
|
51
+13%
|
43
-16%
|
57
+33%
|
69
+21%
|
55
-20%
|
34
-38%
|
48
+41%
|
216
+350%
|
10 359
+4 696%
|
17 554
+69%
|
8 038
-54%
|
(461)
N/A
|
(1 509)
-227%
|
(524)
+65%
|
(362)
+31%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
0
|
0
|
29
|
100
|
153
|
190
|
135
|
83
|
95
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(4)
|
(5)
|
(2)
|
(79)
|
(84)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
3
|
0
|
(1)
|
0
|
(1)
|
(90)
|
140
|
302
|
410
|
367
|
196
|
|
| Pre-Tax Income |
(6)
N/A
|
(5)
+17%
|
(7)
-40%
|
(5)
+29%
|
(2)
+60%
|
(1)
+50%
|
0
N/A
|
8
N/A
|
11
+38%
|
13
+18%
|
15
+15%
|
26
+73%
|
42
+62%
|
40
-5%
|
42
+5%
|
19
-55%
|
(13)
N/A
|
(14)
-8%
|
(17)
-21%
|
5
N/A
|
(4)
N/A
|
(7)
-75%
|
(8)
-14%
|
(20)
-150%
|
(14)
+30%
|
(9)
+36%
|
(1)
+89%
|
9
N/A
|
2
-78%
|
2
N/A
|
6
+200%
|
4
-33%
|
3
-25%
|
2
-33%
|
(16)
N/A
|
(8)
+50%
|
0
N/A
|
28
N/A
|
45
+61%
|
61
+36%
|
47
-23%
|
51
+9%
|
44
-14%
|
59
+34%
|
71
+20%
|
59
-17%
|
37
-37%
|
49
+32%
|
217
+343%
|
10 387
+4 687%
|
17 563
+69%
|
8 327
-53%
|
25
-100%
|
(965)
N/A
|
(153)
+84%
|
(155)
-1%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
1
|
1
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(6)
|
(11)
|
(11)
|
(12)
|
(6)
|
1
|
0
|
0
|
(5)
|
(5)
|
(2)
|
(2)
|
1
|
1
|
0
|
0
|
2
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(3)
|
(3)
|
(2)
|
(8)
|
(18)
|
(10)
|
(13)
|
(10)
|
(13)
|
(6)
|
(3)
|
0
|
(3)
|
(31)
|
(1 602)
|
(3 104)
|
(1 670)
|
63
|
233
|
(105)
|
(142)
|
|
| Income from Continuing Operations |
(6)
|
(4)
|
(6)
|
(5)
|
(3)
|
(3)
|
0
|
6
|
9
|
11
|
12
|
21
|
30
|
29
|
31
|
13
|
(13)
|
(15)
|
(17)
|
0
|
(9)
|
(9)
|
(10)
|
(19)
|
(13)
|
(9)
|
(1)
|
12
|
0
|
0
|
4
|
2
|
0
|
1
|
(16)
|
(10)
|
(3)
|
27
|
37
|
44
|
36
|
41
|
35
|
47
|
65
|
55
|
37
|
46
|
185
|
8 786
|
14 459
|
6 657
|
88
|
(732)
|
(258)
|
(297)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(7)
|
(10)
|
(10)
|
(11)
|
(5)
|
4
|
3
|
4
|
0
|
2
|
3
|
3
|
4
|
2
|
0
|
(2)
|
(3)
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
4
|
3
|
0
|
(8)
|
(11)
|
(14)
|
(14)
|
(16)
|
(13)
|
(17)
|
(20)
|
(17)
|
(14)
|
(20)
|
(75)
|
(3 558)
|
(5 991)
|
(2 814)
|
26
|
379
|
158
|
172
|
|
| Net Income (Common) |
(4)
N/A
|
(5)
-25%
|
(4)
+20%
|
(5)
-25%
|
(3)
+40%
|
(3)
N/A
|
(1)
+67%
|
3
N/A
|
5
+67%
|
8
+60%
|
8
N/A
|
13
+63%
|
20
+54%
|
20
N/A
|
21
+5%
|
10
-52%
|
(9)
N/A
|
(10)
-11%
|
(12)
-20%
|
(1)
+92%
|
(6)
-500%
|
(7)
-17%
|
(8)
-14%
|
(15)
-88%
|
(12)
+20%
|
(9)
+25%
|
(4)
+56%
|
7
N/A
|
(2)
N/A
|
(1)
+50%
|
1
N/A
|
(1)
N/A
|
(1)
N/A
|
1
N/A
|
(11)
N/A
|
(6)
+45%
|
(1)
+83%
|
18
N/A
|
26
+44%
|
29
+12%
|
22
-24%
|
23
+5%
|
20
-13%
|
26
+30%
|
40
+54%
|
32
-20%
|
16
-50%
|
20
+25%
|
104
+420%
|
5 222
+4 921%
|
8 461
+62%
|
3 838
-55%
|
108
-97%
|
(360)
N/A
|
(106)
+71%
|
(131)
-23%
|
|
| EPS (Diluted) |
-0.12
N/A
|
-0.14
-17%
|
-0.1
+29%
|
-0.14
-40%
|
-0.08
+43%
|
-0.08
N/A
|
-0.02
+75%
|
0.09
N/A
|
0.14
+56%
|
0.19
+36%
|
0.19
N/A
|
0.32
+68%
|
0.46
+44%
|
0.4
-13%
|
0.38
-5%
|
0.2
-47%
|
-0.16
N/A
|
-0.18
-12%
|
-0.21
-17%
|
-0.02
+90%
|
-0.12
-500%
|
-0.12
N/A
|
-0.13
-8%
|
-0.27
-108%
|
-0.2
+26%
|
-0.15
+25%
|
-0.07
+53%
|
0.12
N/A
|
-0.03
N/A
|
0
N/A
|
0.01
N/A
|
-0.01
N/A
|
-0.01
N/A
|
0.01
N/A
|
-0.19
N/A
|
-0.1
+47%
|
-0.01
+90%
|
0.33
N/A
|
0.45
+36%
|
0.5
+11%
|
0.34
-32%
|
0.27
-21%
|
0.17
-37%
|
0.27
+59%
|
0.36
+33%
|
0.32
-11%
|
0.16
-50%
|
0.17
+6%
|
0.92
+441%
|
45.8
+4 878%
|
74.22
+62%
|
33.66
-55%
|
0.94
-97%
|
-3.15
N/A
|
-1.06
+66%
|
-1.31
-24%
|
|