Fulu Holdings Ltd
HKEX:2101
Income Statement
Earnings Waterfall
Fulu Holdings Ltd
Revenue
|
560.4m
CNY
|
Cost of Revenue
|
-144.2m
CNY
|
Gross Profit
|
416.2m
CNY
|
Operating Expenses
|
-306.6m
CNY
|
Operating Income
|
109.5m
CNY
|
Other Expenses
|
-17.9m
CNY
|
Net Income
|
91.6m
CNY
|
Income Statement
Fulu Holdings Ltd
Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||
Revenue |
401
N/A
|
328
-18%
|
529
+61%
|
399
-24%
|
395
-1%
|
480
+21%
|
534
+11%
|
560
+5%
|
|
Gross Profit | |||||||||
Cost of Revenue |
(74)
|
(68)
|
(123)
|
(104)
|
(97)
|
(121)
|
(139)
|
(144)
|
|
Gross Profit |
326
N/A
|
260
-20%
|
406
+56%
|
295
-27%
|
298
+1%
|
359
+21%
|
396
+10%
|
416
+5%
|
|
Operating Income | |||||||||
Operating Expenses |
(152)
|
(136)
|
(201)
|
(222)
|
(259)
|
(266)
|
(290)
|
(307)
|
|
Selling, General & Administrative |
(132)
|
(121)
|
(179)
|
(219)
|
(264)
|
(248)
|
(264)
|
(282)
|
|
Research & Development |
(33)
|
(26)
|
(43)
|
(41)
|
(50)
|
(61)
|
(68)
|
(59)
|
|
Other Operating Expenses |
12
|
11
|
21
|
38
|
55
|
43
|
42
|
34
|
|
Operating Income |
174
N/A
|
124
-28%
|
205
+65%
|
73
-64%
|
39
-47%
|
93
+138%
|
106
+14%
|
110
+3%
|
|
Pre-Tax Income | |||||||||
Interest Income Expense |
(11)
|
(2)
|
(6)
|
4
|
(1)
|
(2)
|
(3)
|
(4)
|
|
Non-Reccuring Items |
(3)
|
(1)
|
(1)
|
(2)
|
(3)
|
(5)
|
(7)
|
(11)
|
|
Pre-Tax Income |
160
N/A
|
122
-24%
|
198
+62%
|
75
-62%
|
35
-53%
|
86
+145%
|
96
+12%
|
95
-1%
|
|
Net Income | |||||||||
Tax Provision |
(8)
|
(1)
|
(5)
|
(7)
|
(6)
|
4
|
(1)
|
(15)
|
|
Income from Continuing Operations |
152
|
121
|
193
|
68
|
29
|
91
|
96
|
80
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
2
|
7
|
8
|
11
|
|
Net Income (Common) |
152
N/A
|
121
-20%
|
193
+60%
|
68
-65%
|
31
-54%
|
98
+214%
|
103
+5%
|
92
-11%
|
|
EPS (Diluted) |
0.51
N/A
|
0.37
-27%
|
0.48
+30%
|
0.17
-65%
|
0.08
-53%
|
0.24
+200%
|
0.25
+4%
|
0.23
-8%
|