Midea Real Estate Holding Ltd
HKEX:3990
Income Statement
Earnings Waterfall
Midea Real Estate Holding Ltd
Revenue
|
73.6B
CNY
|
Cost of Revenue
|
-65.1B
CNY
|
Gross Profit
|
8.5B
CNY
|
Operating Expenses
|
-3.4B
CNY
|
Operating Income
|
5.1B
CNY
|
Other Expenses
|
-4.2B
CNY
|
Net Income
|
913.6m
CNY
|
Income Statement
Midea Real Estate Holding Ltd
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 |
28 354
N/A
|
30 120
+6%
|
44 315
+47%
|
41 139
-7%
|
47 880
+16%
|
52 484
+10%
|
64 586
+23%
|
73 703
+14%
|
72 327
-2%
|
73 631
+2%
|
78 303
+6%
|
73 564
-6%
|
|
Gross Profit | |||||||||||||
Cost of Revenue |
(19 678)
|
(20 266)
|
(29 367)
|
(28 131)
|
(34 442)
|
(40 826)
|
(51 613)
|
(60 208)
|
(60 001)
|
(62 324)
|
(67 872)
|
(65 081)
|
|
Gross Profit |
8 677
N/A
|
9 854
+14%
|
14 947
+52%
|
13 007
-13%
|
13 438
+3%
|
11 658
-13%
|
12 972
+11%
|
13 495
+4%
|
12 326
-9%
|
11 306
-8%
|
10 430
-8%
|
8 484
-19%
|
|
Operating Income | |||||||||||||
Operating Expenses |
(2 820)
|
(3 043)
|
(4 896)
|
(5 570)
|
(5 960)
|
(5 315)
|
(5 665)
|
(5 629)
|
(4 355)
|
(4 366)
|
(4 143)
|
(3 405)
|
|
Selling, General & Administrative |
(2 341)
|
(2 388)
|
(4 464)
|
(6 163)
|
(6 682)
|
(5 691)
|
(6 230)
|
(6 255)
|
(4 931)
|
(4 748)
|
(4 529)
|
(4 078)
|
|
Depreciation & Amortization |
0
|
(53)
|
0
|
(73)
|
0
|
(90)
|
0
|
(112)
|
0
|
(78)
|
0
|
0
|
|
Other Operating Expenses |
(480)
|
(602)
|
(432)
|
666
|
722
|
466
|
565
|
739
|
576
|
460
|
386
|
673
|
|
Operating Income |
5 856
N/A
|
6 811
+16%
|
10 051
+48%
|
7 438
-26%
|
7 478
+1%
|
6 343
-15%
|
7 307
+15%
|
7 867
+8%
|
7 971
+1%
|
6 940
-13%
|
6 287
-9%
|
5 078
-19%
|
|
Pre-Tax Income | |||||||||||||
Interest Income Expense |
433
|
289
|
508
|
946
|
1 184
|
1 190
|
1 061
|
775
|
483
|
(195)
|
(153)
|
86
|
|
Non-Reccuring Items |
(20)
|
(442)
|
(465)
|
(3)
|
(8)
|
38
|
(97)
|
78
|
(120)
|
143
|
(522)
|
(677)
|
|
Pre-Tax Income |
6 269
N/A
|
6 657
+6%
|
10 095
+52%
|
8 381
-17%
|
8 654
+3%
|
7 570
-13%
|
8 271
+9%
|
8 720
+5%
|
8 334
-4%
|
6 888
-17%
|
5 613
-19%
|
4 487
-20%
|
|
Net Income | |||||||||||||
Tax Provision |
(2 894)
|
(3 370)
|
(4 919)
|
(4 054)
|
(3 862)
|
(2 745)
|
(2 797)
|
(3 417)
|
(3 425)
|
(3 311)
|
(2 979)
|
(2 362)
|
|
Income from Continuing Operations |
3 375
|
3 287
|
5 176
|
4 327
|
4 792
|
4 825
|
5 474
|
5 303
|
4 909
|
3 577
|
2 634
|
2 125
|
|
Income to Minority Interest |
10
|
(77)
|
(196)
|
(21)
|
(232)
|
(499)
|
(1 016)
|
(1 559)
|
(1 782)
|
(1 850)
|
(1 664)
|
(1 211)
|
|
Net Income (Common) |
3 386
N/A
|
3 210
-5%
|
4 979
+55%
|
4 305
-14%
|
4 560
+6%
|
4 326
-5%
|
4 457
+3%
|
3 744
-16%
|
3 127
-16%
|
1 726
-45%
|
970
-44%
|
914
-6%
|
|
EPS (Diluted) |
3.38
N/A
|
3.08
-9%
|
4.18
+36%
|
3.61
-14%
|
3.7
+2%
|
3.52
-5%
|
3.62
+3%
|
3.04
-16%
|
2.53
-17%
|
1.34
-47%
|
0.72
-46%
|
0.66
-8%
|