Weidai Ltd
NYSE:WEI
Income Statement
Earnings Waterfall
Weidai Ltd
Revenue
|
713.7m
CNY
|
Cost of Revenue
|
-384.2m
CNY
|
Gross Profit
|
329.6m
CNY
|
Operating Expenses
|
-1.1B
CNY
|
Operating Income
|
-741.5m
CNY
|
Other Expenses
|
-399.2m
CNY
|
Net Income
|
-1.1B
CNY
|
Income Statement
Weidai Ltd
Jun-2019 | Sep-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | ||
---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue |
4 045
N/A
|
3 752
-7%
|
3 463
-8%
|
2 449
-29%
|
1 576
-36%
|
1 205
-24%
|
714
-41%
|
|
Gross Profit | ||||||||
Cost of Revenue |
(1 685)
|
(1 575)
|
(1 478)
|
(1 152)
|
(803)
|
(568)
|
(384)
|
|
Gross Profit |
2 360
N/A
|
2 177
-8%
|
1 985
-9%
|
1 297
-35%
|
773
-40%
|
638
-18%
|
330
-48%
|
|
Operating Income | ||||||||
Operating Expenses |
(1 896)
|
(1 779)
|
(1 761)
|
(1 652)
|
(1 179)
|
(617)
|
(1 071)
|
|
Selling, General & Administrative |
(572)
|
(537)
|
(420)
|
(288)
|
(245)
|
(207)
|
(165)
|
|
Research & Development |
(146)
|
(138)
|
0
|
(43)
|
(27)
|
(24)
|
(22)
|
|
Other Operating Expenses |
(1 178)
|
(1 104)
|
(1 341)
|
(1 321)
|
(907)
|
(386)
|
(883)
|
|
Operating Income |
464
N/A
|
398
-14%
|
224
-44%
|
(355)
N/A
|
(405)
-14%
|
20
N/A
|
(741)
N/A
|
|
Pre-Tax Income | ||||||||
Interest Income Expense |
62
|
54
|
40
|
37
|
(0)
|
(21)
|
0
|
|
Non-Reccuring Items |
0
|
0
|
(16)
|
(17)
|
(4)
|
(3)
|
(3)
|
|
Total Other Income |
96
|
82
|
121
|
92
|
11
|
6
|
4
|
|
Pre-Tax Income |
622
N/A
|
534
-14%
|
369
-31%
|
(243)
N/A
|
(398)
-64%
|
2
N/A
|
(740)
N/A
|
|
Net Income | ||||||||
Tax Provision |
(109)
|
(63)
|
(105)
|
(197)
|
(316)
|
(627)
|
(404)
|
|
Income from Continuing Operations |
513
|
471
|
263
|
(440)
|
(714)
|
(624)
|
(1 144)
|
|
Income to Minority Interest |
(11)
|
(9)
|
(10)
|
0
|
2
|
1
|
3
|
|
Net Income (Common) |
502
N/A
|
462
-8%
|
254
-45%
|
(439)
N/A
|
(713)
-62%
|
(624)
+12%
|
(1 141)
-83%
|
|
EPS (Diluted) |
7.1
N/A
|
6.55
-8%
|
3.6
-45%
|
-6.24
N/A
|
-10.11
-62%
|
-8.85
+12%
|
-16.19
-83%
|