China Merchants Commercial Real Estate Investment Trust
HKEX:1503
Income Statement
Earnings Waterfall
China Merchants Commercial Real Estate Investment Trust
Revenue
|
494.7m
CNY
|
Cost of Revenue
|
-49.5m
CNY
|
Gross Profit
|
445.2m
CNY
|
Operating Expenses
|
-94.6m
CNY
|
Operating Income
|
350.6m
CNY
|
Other Expenses
|
-585.3m
CNY
|
Net Income
|
-234.7m
CNY
|
Income Statement
China Merchants Commercial Real Estate Investment Trust
Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
Revenue |
29
N/A
|
207
+619%
|
370
+79%
|
404
+9%
|
433
+7%
|
396
-8%
|
432
+9%
|
495
+15%
|
|
Gross Profit | |||||||||
Cost of Revenue |
(5)
|
(33)
|
(49)
|
(52)
|
(55)
|
(57)
|
(54)
|
(49)
|
|
Gross Profit |
24
N/A
|
174
+638%
|
321
+85%
|
352
+10%
|
377
+7%
|
339
-10%
|
378
+11%
|
445
+18%
|
|
Operating Income | |||||||||
Operating Expenses |
(9)
|
(40)
|
(67)
|
(78)
|
(89)
|
(81)
|
(86)
|
(95)
|
|
Selling, General & Administrative |
(5)
|
(20)
|
(46)
|
(54)
|
(54)
|
(52)
|
(54)
|
(62)
|
|
Other Operating Expenses |
(4)
|
(20)
|
(21)
|
(24)
|
(34)
|
(30)
|
(32)
|
(32)
|
|
Operating Income |
15
N/A
|
134
+820%
|
254
+89%
|
274
+8%
|
288
+5%
|
258
-10%
|
291
+13%
|
351
+20%
|
|
Pre-Tax Income | |||||||||
Interest Income Expense |
34
|
(20)
|
110
|
216
|
102
|
(49)
|
(382)
|
(509)
|
|
Non-Reccuring Items |
(7)
|
0
|
0
|
0
|
1
|
0
|
2
|
0
|
|
Total Other Income |
(0)
|
(3)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(2)
|
|
Pre-Tax Income |
41
N/A
|
112
+173%
|
359
+221%
|
485
+35%
|
387
-20%
|
205
-47%
|
(93)
N/A
|
(161)
-73%
|
|
Net Income | |||||||||
Tax Provision |
(13)
|
(38)
|
(74)
|
(113)
|
(119)
|
(97)
|
(104)
|
(73)
|
|
Income from Continuing Operations |
29
|
74
|
285
|
372
|
268
|
108
|
(197)
|
(234)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
(5)
|
(12)
|
(1)
|
|
Net Income (Common) |
29
N/A
|
74
+160%
|
285
+284%
|
372
+31%
|
268
-28%
|
103
-62%
|
(210)
N/A
|
(235)
-12%
|
|
EPS (Diluted) |
0.03
N/A
|
0.07
+133%
|
0.25
+257%
|
0.33
+32%
|
0.24
-27%
|
0.09
-63%
|
-0.19
N/A
|
-0.21
-11%
|