West China Cement Ltd
HKEX:2233
Income Statement
Earnings Waterfall
West China Cement Ltd
Revenue
|
9B
CNY
|
Cost of Revenue
|
-6.6B
CNY
|
Gross Profit
|
2.5B
CNY
|
Operating Expenses
|
-915m
CNY
|
Operating Income
|
1.5B
CNY
|
Other Expenses
|
-1.1B
CNY
|
Net Income
|
421.3m
CNY
|
Income Statement
West China Cement Ltd
Dec-2007 | Jun-2008 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | 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 |
526
N/A
|
663
+26%
|
866
+31%
|
1 103
+27%
|
1 517
+38%
|
2 152
+42%
|
2 961
+38%
|
3 464
+17%
|
3 191
-8%
|
3 068
-4%
|
3 524
+15%
|
3 901
+11%
|
4 168
+7%
|
4 198
+1%
|
3 883
-7%
|
3 577
-8%
|
3 501
-2%
|
3 439
-2%
|
3 719
+8%
|
4 202
+13%
|
4 760
+13%
|
5 250
+10%
|
5 912
+13%
|
6 620
+12%
|
7 247
+9%
|
6 946
-4%
|
7 131
+3%
|
8 355
+17%
|
8 003
-4%
|
7 922
-1%
|
8 489
+7%
|
8 735
+3%
|
9 021
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||
Cost of Revenue |
(350)
|
(444)
|
(556)
|
(677)
|
(878)
|
(1 268)
|
(1 768)
|
(2 177)
|
(2 306)
|
(2 448)
|
(2 849)
|
(3 181)
|
(3 439)
|
(3 431)
|
(3 285)
|
(3 148)
|
(3 037)
|
(3 039)
|
(3 043)
|
(3 212)
|
(3 574)
|
(3 565)
|
(3 926)
|
(4 470)
|
(4 807)
|
(4 588)
|
(4 789)
|
(5 717)
|
(5 509)
|
(5 516)
|
(6 307)
|
(6 672)
|
(6 561)
|
|
Gross Profit |
176
N/A
|
218
+24%
|
310
+42%
|
426
+37%
|
639
+50%
|
884
+38%
|
1 192
+35%
|
1 287
+8%
|
884
-31%
|
619
-30%
|
675
+9%
|
720
+7%
|
729
+1%
|
767
+5%
|
598
-22%
|
429
-28%
|
463
+8%
|
400
-14%
|
677
+69%
|
991
+46%
|
1 186
+20%
|
1 685
+42%
|
1 986
+18%
|
2 150
+8%
|
2 440
+14%
|
2 357
-3%
|
2 342
-1%
|
2 639
+13%
|
2 494
-5%
|
2 407
-3%
|
2 182
-9%
|
2 063
-5%
|
2 460
+19%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||
Operating Expenses |
(1)
|
(8)
|
(27)
|
(20)
|
(20)
|
(10)
|
(42)
|
(32)
|
65
|
67
|
(79)
|
(99)
|
(115)
|
(108)
|
(140)
|
(155)
|
(213)
|
(229)
|
(138)
|
(143)
|
(134)
|
(62)
|
(137)
|
(204)
|
(188)
|
(289)
|
(390)
|
(467)
|
(581)
|
(627)
|
(379)
|
(494)
|
(915)
|
|
Selling, General & Administrative |
(40)
|
(51)
|
(69)
|
(77)
|
(93)
|
(109)
|
(207)
|
(265)
|
(214)
|
(218)
|
(233)
|
(267)
|
(279)
|
(280)
|
(290)
|
(283)
|
(315)
|
(314)
|
(285)
|
(304)
|
(348)
|
(355)
|
(391)
|
(467)
|
(476)
|
(528)
|
(650)
|
(755)
|
(836)
|
(837)
|
(778)
|
(829)
|
(947)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
39
|
43
|
43
|
57
|
73
|
99
|
165
|
234
|
279
|
286
|
156
|
171
|
166
|
174
|
150
|
129
|
102
|
85
|
148
|
161
|
215
|
293
|
253
|
263
|
289
|
239
|
261
|
289
|
255
|
210
|
399
|
336
|
32
|
|
Operating Income |
175
N/A
|
211
+21%
|
283
+35%
|
406
+43%
|
619
+52%
|
874
+41%
|
1 150
+32%
|
1 255
+9%
|
949
-24%
|
686
-28%
|
597
-13%
|
621
+4%
|
614
-1%
|
659
+7%
|
458
-30%
|
274
-40%
|
250
-9%
|
172
-31%
|
539
+214%
|
847
+57%
|
1 052
+24%
|
1 623
+54%
|
1 848
+14%
|
1 946
+5%
|
2 253
+16%
|
2 069
-8%
|
1 953
-6%
|
2 172
+11%
|
1 913
-12%
|
1 779
-7%
|
1 803
+1%
|
1 570
-13%
|
1 545
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||
Interest Income Expense |
(24)
|
(29)
|
(26)
|
(80)
|
(241)
|
(233)
|
(92)
|
(130)
|
(186)
|
(222)
|
(138)
|
(134)
|
(139)
|
(187)
|
(227)
|
(218)
|
(374)
|
(441)
|
(414)
|
(292)
|
(41)
|
(53)
|
(190)
|
(136)
|
44
|
92
|
(69)
|
219
|
232
|
(232)
|
(205)
|
(9)
|
(279)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(1)
|
0
|
0
|
0
|
0
|
1
|
0
|
(0)
|
(96)
|
(96)
|
(131)
|
(134)
|
(5)
|
(16)
|
(35)
|
(27)
|
(24)
|
(67)
|
(51)
|
(4)
|
(19)
|
48
|
(44)
|
(12)
|
(12)
|
(5)
|
(312)
|
|
Total Other Income |
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(10)
|
(17)
|
(17)
|
(17)
|
(21)
|
(73)
|
(87)
|
0
|
|
Pre-Tax Income |
150
N/A
|
182
+21%
|
258
+42%
|
327
+27%
|
375
+15%
|
638
+70%
|
1 058
+66%
|
1 125
+6%
|
763
-32%
|
464
-39%
|
459
-1%
|
488
+6%
|
475
-3%
|
471
-1%
|
135
-71%
|
(41)
N/A
|
(257)
-529%
|
(405)
-58%
|
119
N/A
|
538
+351%
|
974
+81%
|
1 542
+58%
|
1 632
+6%
|
1 741
+7%
|
2 244
+29%
|
2 147
-4%
|
1 847
-14%
|
2 423
+31%
|
2 084
-14%
|
1 514
-27%
|
1 513
0%
|
1 468
-3%
|
954
-35%
|
|
Net Income | ||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
(12)
|
(28)
|
(45)
|
(81)
|
(124)
|
(137)
|
(103)
|
(75)
|
(86)
|
(96)
|
(93)
|
(96)
|
(96)
|
(79)
|
(51)
|
(20)
|
(104)
|
(183)
|
(248)
|
(384)
|
(452)
|
(411)
|
(394)
|
(327)
|
(264)
|
(397)
|
(301)
|
(253)
|
(169)
|
(169)
|
(269)
|
|
Income from Continuing Operations |
150
|
182
|
246
|
299
|
330
|
557
|
933
|
988
|
660
|
390
|
373
|
392
|
382
|
375
|
39
|
(120)
|
(307)
|
(425)
|
15
|
355
|
726
|
1 157
|
1 180
|
1 330
|
1 850
|
1 820
|
1 583
|
2 026
|
1 783
|
1 261
|
1 344
|
1 300
|
686
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
(4)
|
(8)
|
(7)
|
2
|
2
|
(8)
|
(8)
|
(4)
|
(4)
|
(4)
|
(2)
|
(2)
|
0
|
(5)
|
(13)
|
(15)
|
(18)
|
(21)
|
(24)
|
(48)
|
(60)
|
(22)
|
(161)
|
(198)
|
(74)
|
(129)
|
(211)
|
(264)
|
|
Net Income (Common) |
150
N/A
|
182
+21%
|
246
+35%
|
299
+21%
|
330
+11%
|
553
+67%
|
925
+67%
|
981
+6%
|
662
-33%
|
392
-41%
|
365
-7%
|
385
+5%
|
378
-2%
|
370
-2%
|
36
-90%
|
(122)
N/A
|
(309)
-154%
|
(425)
-37%
|
10
N/A
|
342
+3 213%
|
711
+108%
|
1 139
+60%
|
1 159
+2%
|
1 306
+13%
|
1 801
+38%
|
1 760
-2%
|
1 560
-11%
|
1 864
+19%
|
1 585
-15%
|
1 187
-25%
|
1 215
+2%
|
1 089
-10%
|
421
-61%
|
|
EPS (Diluted) |
0.05
N/A
|
0.05
N/A
|
0.07
+40%
|
0.09
+29%
|
0.1
+11%
|
0.17
+70%
|
0.25
+47%
|
0.24
-4%
|
0.16
-33%
|
0.09
-44%
|
0.08
-11%
|
0.09
+13%
|
0.09
N/A
|
0.09
N/A
|
0.01
-89%
|
-0.03
N/A
|
-0.06
-100%
|
-0.08
-33%
|
0
N/A
|
0.06
N/A
|
0.13
+117%
|
0.21
+62%
|
0.21
N/A
|
0.24
+14%
|
0.33
+38%
|
0.32
-3%
|
0.29
-9%
|
0.34
+17%
|
0.29
-15%
|
0.22
-24%
|
0.22
N/A
|
0.2
-9%
|
0.08
-60%
|