Spring Real Estate Investment Trust
HKEX:1426
Income Statement
Earnings Waterfall
Spring Real Estate Investment Trust
Revenue
|
705.4m
CNY
|
Cost of Revenue
|
-189.2m
CNY
|
Gross Profit
|
516.2m
CNY
|
Operating Expenses
|
-67.1m
CNY
|
Operating Income
|
449.1m
CNY
|
Other Expenses
|
-526.7m
CNY
|
Net Income
|
-77.5m
CNY
|
Income Statement
Spring Real Estate Investment Trust
Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
408
N/A
|
464
+14%
|
576
+24%
|
511
-11%
|
525
+3%
|
509
-3%
|
540
+6%
|
495
-8%
|
549
+11%
|
568
+3%
|
559
-2%
|
828
+48%
|
547
-34%
|
550
+1%
|
533
-3%
|
517
-3%
|
528
+2%
|
536
+1%
|
566
+6%
|
650
+15%
|
705
+9%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(55)
|
(113)
|
(136)
|
(119)
|
(125)
|
(121)
|
(88)
|
(101)
|
(78)
|
(53)
|
(18)
|
(28)
|
(25)
|
(54)
|
(76)
|
(70)
|
(75)
|
(50)
|
(23)
|
(32)
|
(189)
|
|
Gross Profit |
164
N/A
|
351
+114%
|
440
+25%
|
391
-11%
|
399
+2%
|
389
-3%
|
452
+16%
|
394
-13%
|
471
+19%
|
515
+9%
|
541
+5%
|
800
+48%
|
522
-35%
|
497
-5%
|
457
-8%
|
447
-2%
|
453
+1%
|
486
+7%
|
544
+12%
|
618
+14%
|
516
-16%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(79)
|
(46)
|
(73)
|
(65)
|
(61)
|
(58)
|
(113)
|
(98)
|
(147)
|
(179)
|
(240)
|
(346)
|
(182)
|
(142)
|
(133)
|
(126)
|
(122)
|
(151)
|
(181)
|
(204)
|
(67)
|
|
Selling, General & Administrative |
(30)
|
(46)
|
(73)
|
(65)
|
(61)
|
(58)
|
(113)
|
(98)
|
(146)
|
(179)
|
(239)
|
(330)
|
(182)
|
(157)
|
(132)
|
(127)
|
(122)
|
(152)
|
(189)
|
(212)
|
(89)
|
|
Other Operating Expenses |
(48)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(16)
|
(0)
|
15
|
(1)
|
0
|
1
|
0
|
8
|
8
|
22
|
|
Operating Income |
274
N/A
|
305
+11%
|
367
+20%
|
326
-11%
|
338
+4%
|
330
-2%
|
339
+3%
|
296
-13%
|
325
+10%
|
336
+4%
|
302
-10%
|
454
+50%
|
339
-25%
|
355
+5%
|
325
-9%
|
321
-1%
|
331
+3%
|
335
+1%
|
363
+8%
|
414
+14%
|
449
+8%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
181
|
(8)
|
169
|
109
|
(60)
|
441
|
315
|
(226)
|
73
|
(34)
|
(266)
|
(265)
|
(112)
|
(602)
|
(563)
|
(28)
|
192
|
61
|
(174)
|
(430)
|
(588)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
57
|
57
|
0
|
1
|
3
|
11
|
24
|
27
|
|
Total Other Income |
(24)
|
(0)
|
(17)
|
(30)
|
(15)
|
0
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(5)
|
(2)
|
(3)
|
(6)
|
(1)
|
(7)
|
1
|
22
|
55
|
103
|
|
Pre-Tax Income |
431
N/A
|
296
-31%
|
519
+75%
|
405
-22%
|
263
-35%
|
772
+193%
|
654
-15%
|
69
-89%
|
396
+476%
|
299
-25%
|
30
-90%
|
184
+507%
|
225
+22%
|
(193)
N/A
|
(187)
+3%
|
291
N/A
|
516
+77%
|
399
-23%
|
222
-44%
|
63
-72%
|
(9)
N/A
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(0)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(6)
|
(7)
|
(104)
|
(120)
|
(45)
|
|
Income from Continuing Operations |
431
|
296
|
519
|
405
|
263
|
772
|
654
|
69
|
395
|
298
|
30
|
183
|
223
|
(195)
|
(190)
|
288
|
510
|
391
|
118
|
(57)
|
(54)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(90)
|
(101)
|
(24)
|
|
Net Income (Common) |
431
N/A
|
296
-31%
|
519
+75%
|
405
-22%
|
263
-35%
|
772
+193%
|
654
-15%
|
69
-89%
|
395
+474%
|
298
-25%
|
30
-90%
|
183
+510%
|
223
+22%
|
(195)
N/A
|
(190)
+3%
|
288
N/A
|
510
+77%
|
391
-23%
|
28
-93%
|
(158)
N/A
|
(78)
+51%
|
|
EPS (Diluted) |
0.24
N/A
|
0.26
+8%
|
0.47
+81%
|
0.37
-21%
|
0.24
-35%
|
0.69
+188%
|
0.58
-16%
|
0.05
-91%
|
0.33
+560%
|
0.24
-27%
|
0.02
-92%
|
0.14
+600%
|
0.15
+7%
|
-0.15
N/A
|
-0.13
+13%
|
0.2
N/A
|
0.35
+75%
|
0.26
-26%
|
0.02
-92%
|
-0.11
N/A
|
-0.05
+55%
|