Minsheng Education Group Company Ltd
HKEX:1569
Income Statement
Earnings Waterfall
Minsheng Education Group Company Ltd
Revenue
|
2.4B
CNY
|
Cost of Revenue
|
-1.1B
CNY
|
Gross Profit
|
1.3B
CNY
|
Operating Expenses
|
-761.6m
CNY
|
Operating Income
|
498.7m
CNY
|
Other Expenses
|
-359.8m
CNY
|
Net Income
|
138.9m
CNY
|
Income Statement
Minsheng Education Group Company Ltd
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 |
478
N/A
|
539
+13%
|
623
+16%
|
833
+34%
|
1 005
+21%
|
1 022
+2%
|
1 107
+8%
|
1 803
+63%
|
2 394
+33%
|
2 430
+2%
|
2 354
-3%
|
2 289
-3%
|
2 352
+3%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(199)
|
(238)
|
(290)
|
(382)
|
(489)
|
(505)
|
(540)
|
(815)
|
(1 037)
|
(1 066)
|
(1 079)
|
(1 023)
|
(1 092)
|
|
Gross Profit |
279
N/A
|
301
+8%
|
333
+11%
|
451
+35%
|
516
+14%
|
517
+0%
|
567
+10%
|
987
+74%
|
1 357
+37%
|
1 364
+1%
|
1 275
-7%
|
1 266
-1%
|
1 260
0%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(45)
|
(67)
|
(19)
|
(54)
|
(123)
|
(103)
|
(165)
|
(396)
|
(637)
|
(717)
|
(697)
|
(697)
|
(762)
|
|
Selling, General & Administrative |
(133)
|
(134)
|
(160)
|
(188)
|
(201)
|
(209)
|
(233)
|
(446)
|
(714)
|
(748)
|
(782)
|
(792)
|
(734)
|
|
Other Operating Expenses |
88
|
67
|
141
|
134
|
78
|
106
|
68
|
49
|
77
|
31
|
86
|
94
|
(27)
|
|
Operating Income |
233
N/A
|
234
+0%
|
315
+35%
|
398
+26%
|
394
-1%
|
414
+5%
|
402
-3%
|
591
+47%
|
720
+22%
|
647
-10%
|
578
-11%
|
569
-2%
|
499
-12%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
30
|
94
|
34
|
(65)
|
(47)
|
(45)
|
(29)
|
(37)
|
(53)
|
(37)
|
(32)
|
(52)
|
(177)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
7
|
(230)
|
(232)
|
(5)
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
263
N/A
|
328
+25%
|
348
+6%
|
332
-5%
|
346
+4%
|
376
+8%
|
144
-62%
|
321
+124%
|
662
+106%
|
610
-8%
|
547
-10%
|
517
-5%
|
322
-38%
|
|
Net Income | ||||||||||||||
Tax Provision |
(2)
|
(7)
|
(15)
|
(17)
|
(12)
|
(9)
|
(17)
|
(42)
|
(54)
|
(43)
|
(33)
|
(46)
|
(201)
|
|
Income from Continuing Operations |
261
|
321
|
333
|
316
|
334
|
367
|
127
|
279
|
608
|
568
|
513
|
471
|
121
|
|
Income to Minority Interest |
(1)
|
(4)
|
0
|
7
|
8
|
4
|
5
|
(0)
|
(31)
|
(35)
|
(23)
|
(27)
|
18
|
|
Net Income (Common) |
260
N/A
|
317
+22%
|
333
+5%
|
322
-3%
|
342
+6%
|
371
+9%
|
131
-65%
|
279
+112%
|
577
+107%
|
532
-8%
|
490
-8%
|
443
-10%
|
139
-69%
|
|
EPS (Diluted) |
0.07
N/A
|
0.08
+14%
|
0.08
N/A
|
0.08
N/A
|
0.08
N/A
|
0.09
+13%
|
0.03
-67%
|
0.07
+133%
|
0.14
+100%
|
0.13
-7%
|
0.12
-8%
|
0.11
-8%
|
0.03
-73%
|