Virscend Education Company Ltd
HKEX:1565
Income Statement
Earnings Waterfall
Virscend Education Company Ltd
Revenue
|
762.3m
CNY
|
Cost of Revenue
|
-510.5m
CNY
|
Gross Profit
|
251.8m
CNY
|
Operating Expenses
|
-101.4m
CNY
|
Operating Income
|
150.4m
CNY
|
Other Expenses
|
-118.1m
CNY
|
Net Income
|
32.3m
CNY
|
Income Statement
Virscend Education Company Ltd
Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Aug-2021 | Feb-2022 | Aug-2022 | Feb-2023 | Aug-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||
Revenue |
708
N/A
|
781
+10%
|
827
+6%
|
868
+5%
|
953
+10%
|
1 064
+12%
|
1 168
+10%
|
1 332
+14%
|
1 493
+12%
|
1 625
+9%
|
373
-77%
|
1 533
+311%
|
254
-83%
|
1 712
+575%
|
551
-68%
|
660
+20%
|
762
+15%
|
|
Gross Profit | ||||||||||||||||||
Cost of Revenue |
(411)
|
(440)
|
(436)
|
(453)
|
(499)
|
(575)
|
(667)
|
(777)
|
(896)
|
(989)
|
(263)
|
(1 054)
|
(254)
|
(1 258)
|
(384)
|
(438)
|
(510)
|
|
Gross Profit |
296
N/A
|
341
+15%
|
391
+15%
|
415
+6%
|
454
+9%
|
488
+8%
|
501
+3%
|
555
+11%
|
597
+8%
|
636
+7%
|
109
-83%
|
479
+337%
|
(1)
N/A
|
454
N/A
|
168
-63%
|
222
+32%
|
252
+13%
|
|
Operating Income | ||||||||||||||||||
Operating Expenses |
(69)
|
(78)
|
(61)
|
(89)
|
(73)
|
(86)
|
(101)
|
(115)
|
(125)
|
(163)
|
(219)
|
(345)
|
(86)
|
(284)
|
(92)
|
(104)
|
(101)
|
|
Selling, General & Administrative |
(72)
|
(81)
|
(70)
|
(83)
|
(85)
|
(94)
|
(112)
|
(128)
|
(124)
|
(143)
|
(235)
|
(340)
|
(83)
|
(238)
|
(100)
|
(126)
|
(114)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(20)
|
0
|
(20)
|
(10)
|
(14)
|
(26)
|
0
|
0
|
0
|
|
Other Operating Expenses |
3
|
2
|
8
|
(6)
|
12
|
8
|
11
|
13
|
19
|
(20)
|
37
|
5
|
11
|
(20)
|
8
|
22
|
13
|
|
Operating Income |
227
N/A
|
263
+16%
|
330
+25%
|
327
-1%
|
381
+17%
|
402
+6%
|
400
-1%
|
440
+10%
|
472
+7%
|
473
+0%
|
(109)
N/A
|
133
N/A
|
(86)
N/A
|
170
N/A
|
75
-56%
|
118
+56%
|
150
+28%
|
|
Pre-Tax Income | ||||||||||||||||||
Interest Income Expense |
(102)
|
(78)
|
(8)
|
7
|
(59)
|
(42)
|
(34)
|
(51)
|
(51)
|
(58)
|
(12)
|
(109)
|
(47)
|
(180)
|
(82)
|
(95)
|
(98)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
(8)
|
0
|
(11)
|
24
|
(43)
|
23
|
11
|
0
|
1
|
|
Total Other Income |
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
125
N/A
|
185
+48%
|
322
+74%
|
334
+4%
|
322
-4%
|
360
+12%
|
370
+3%
|
388
+5%
|
412
+6%
|
415
+1%
|
(131)
N/A
|
48
N/A
|
(177)
N/A
|
13
N/A
|
4
-65%
|
22
+406%
|
54
+143%
|
|
Net Income | ||||||||||||||||||
Tax Provision |
0
|
(7)
|
(20)
|
(19)
|
(7)
|
(2)
|
(6)
|
(8)
|
(4)
|
(5)
|
(10)
|
(14)
|
(22)
|
(29)
|
(1)
|
1
|
(16)
|
|
Income from Continuing Operations |
125
|
178
|
302
|
316
|
315
|
358
|
363
|
381
|
408
|
411
|
(141)
|
34
|
(199)
|
(16)
|
4
|
23
|
39
|
|
Income to Minority Interest |
(15)
|
20
|
0
|
0
|
(8)
|
(16)
|
(7)
|
(1)
|
(11)
|
(6)
|
6
|
9
|
23
|
29
|
7
|
1
|
(6)
|
|
Net Income (Common) |
110
N/A
|
197
+80%
|
302
+53%
|
316
+4%
|
306
-3%
|
342
+12%
|
356
+4%
|
380
+7%
|
397
+5%
|
404
+2%
|
225
-44%
|
404
+79%
|
(1 798)
N/A
|
(1 609)
+11%
|
11
N/A
|
25
+117%
|
32
+30%
|
|
EPS (Diluted) |
0.05
N/A
|
0.07
+40%
|
0.1
+43%
|
0.11
+10%
|
0.1
-9%
|
0.11
+10%
|
0.12
+9%
|
0.12
N/A
|
0.13
+8%
|
0.13
N/A
|
0.07
-46%
|
0.13
+86%
|
-0.58
N/A
|
-0.52
+10%
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|