Zepp Health Corp
NYSE:ZEPP
Income Statement
Earnings Waterfall
Zepp Health Corp
Revenue
|
3B
CNY
|
Cost of Revenue
|
-2.3B
CNY
|
Gross Profit
|
671.2m
CNY
|
Operating Expenses
|
-968.5m
CNY
|
Operating Income
|
-297.3m
CNY
|
Other Expenses
|
18.2m
CNY
|
Net Income
|
-279.1m
CNY
|
Income Statement
Zepp Health Corp
Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||
Revenue |
1 909
N/A
|
2 049
+7%
|
2 304
+12%
|
2 573
+12%
|
3 173
+23%
|
3 645
+15%
|
3 859
+6%
|
4 138
+7%
|
4 925
+19%
|
5 812
+18%
|
6 101
+5%
|
6 200
+2%
|
6 572
+6%
|
6 433
-2%
|
6 492
+1%
|
7 190
+11%
|
6 561
-9%
|
6 250
-5%
|
5 860
-6%
|
5 133
-12%
|
4 733
-8%
|
4 143
-12%
|
4 031
-3%
|
3 571
-11%
|
2 967
-17%
|
|
Gross Profit | ||||||||||||||||||||||||||
Cost of Revenue |
(1 458)
|
(1 554)
|
(1 736)
|
(1 936)
|
(2 376)
|
(2 706)
|
(2 849)
|
(3 047)
|
(3 652)
|
(4 345)
|
(4 606)
|
(4 729)
|
(5 111)
|
(5 101)
|
(5 146)
|
(5 694)
|
(5 201)
|
(4 945)
|
(4 660)
|
(4 138)
|
(3 831)
|
(3 340)
|
(3 277)
|
(2 873)
|
(2 296)
|
|
Gross Profit |
452
N/A
|
495
+9%
|
567
+15%
|
637
+12%
|
797
+25%
|
940
+18%
|
1 010
+8%
|
1 091
+8%
|
1 274
+17%
|
1 468
+15%
|
1 495
+2%
|
1 471
-2%
|
1 461
-1%
|
1 333
-9%
|
1 346
+1%
|
1 496
+11%
|
1 360
-9%
|
1 306
-4%
|
1 200
-8%
|
995
-17%
|
902
-9%
|
803
-11%
|
754
-6%
|
698
-7%
|
671
-4%
|
|
Operating Income | ||||||||||||||||||||||||||
Operating Expenses |
(302)
|
(313)
|
(371)
|
(400)
|
(488)
|
(574)
|
(583)
|
(671)
|
(761)
|
(861)
|
(948)
|
(1 007)
|
(1 136)
|
(1 158)
|
(1 186)
|
(1 274)
|
(1 156)
|
(1 212)
|
(1 211)
|
(1 189)
|
(1 231)
|
(1 213)
|
(1 173)
|
(1 079)
|
(969)
|
|
Selling, General & Administrative |
(159)
|
(159)
|
(184)
|
(202)
|
(265)
|
(311)
|
(314)
|
(352)
|
(378)
|
(430)
|
(469)
|
(504)
|
(584)
|
(621)
|
(671)
|
(715)
|
(661)
|
(697)
|
(702)
|
(711)
|
(735)
|
(696)
|
(671)
|
(617)
|
(559)
|
|
Research & Development |
(143)
|
(154)
|
(187)
|
(199)
|
(223)
|
(263)
|
(262)
|
(311)
|
(376)
|
(431)
|
(477)
|
(500)
|
(549)
|
(538)
|
(572)
|
(615)
|
(551)
|
(515)
|
(509)
|
(478)
|
(497)
|
(517)
|
(489)
|
(449)
|
(396)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(8)
|
(8)
|
0
|
(3)
|
(3)
|
(3)
|
0
|
57
|
57
|
57
|
0
|
0
|
0
|
0
|
0
|
(14)
|
(14)
|
(14)
|
|
Operating Income |
150
N/A
|
182
+21%
|
196
+8%
|
237
+21%
|
309
+30%
|
366
+18%
|
427
+17%
|
420
-2%
|
513
+22%
|
607
+18%
|
547
-10%
|
464
-15%
|
326
-30%
|
174
-46%
|
160
-8%
|
222
+39%
|
204
-8%
|
94
-54%
|
(11)
N/A
|
(193)
-1 627%
|
(329)
-70%
|
(410)
-25%
|
(420)
-2%
|
(381)
+9%
|
(297)
+22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||
Interest Income Expense |
4
|
5
|
6
|
8
|
7
|
20
|
26
|
29
|
38
|
35
|
37
|
46
|
48
|
58
|
49
|
43
|
19
|
(15)
|
29
|
(2)
|
(12)
|
8
|
(41)
|
(20)
|
(6)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
57
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
|
Total Other Income |
8
|
5
|
10
|
10
|
11
|
9
|
3
|
7
|
4
|
13
|
4
|
0
|
(4)
|
(24)
|
(12)
|
(13)
|
(6)
|
27
|
29
|
31
|
68
|
44
|
38
|
35
|
(5)
|
|
Pre-Tax Income |
162
N/A
|
192
+18%
|
213
+11%
|
256
+20%
|
327
+28%
|
387
+18%
|
456
+18%
|
456
0%
|
554
+22%
|
652
+18%
|
587
-10%
|
510
-13%
|
371
-27%
|
266
-28%
|
197
-26%
|
252
+28%
|
217
-14%
|
107
-51%
|
46
-57%
|
(165)
N/A
|
(273)
-66%
|
(373)
-36%
|
(422)
-13%
|
(366)
+13%
|
(308)
+16%
|
|
Net Income | ||||||||||||||||||||||||||
Tax Provision |
(22)
|
(23)
|
(27)
|
(34)
|
(48)
|
(52)
|
(60)
|
(57)
|
(63)
|
(78)
|
(69)
|
(59)
|
(40)
|
(31)
|
(22)
|
(31)
|
(28)
|
(11)
|
(2)
|
23
|
63
|
66
|
74
|
72
|
38
|
|
Income from Continuing Operations |
140
|
169
|
186
|
221
|
280
|
335
|
396
|
399
|
491
|
575
|
518
|
451
|
330
|
235
|
175
|
221
|
189
|
96
|
45
|
(142)
|
(210)
|
(307)
|
(348)
|
(294)
|
(270)
|
|
Income to Minority Interest |
0
|
1
|
2
|
2
|
3
|
4
|
3
|
3
|
2
|
2
|
3
|
1
|
(0)
|
(1)
|
(2)
|
(1)
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Equity Earnings Affiliates |
(2)
|
3
|
3
|
3
|
8
|
2
|
2
|
2
|
1
|
(1)
|
(2)
|
(9)
|
(9)
|
(5)
|
(4)
|
29
|
27
|
41
|
44
|
31
|
33
|
18
|
11
|
(6)
|
(10)
|
|
Net Income (Common) |
54
N/A
|
46
-15%
|
(148)
N/A
|
(77)
+48%
|
25
N/A
|
114
+354%
|
191
+69%
|
194
+2%
|
284
+46%
|
573
+102%
|
518
-10%
|
443
-15%
|
321
-28%
|
229
-29%
|
169
-26%
|
249
+47%
|
217
-13%
|
138
-36%
|
90
-35%
|
(110)
N/A
|
(176)
-60%
|
(288)
-63%
|
(336)
-17%
|
(299)
+11%
|
(279)
+7%
|
|
EPS (Diluted) |
0.23
N/A
|
0.21
-9%
|
-0.61
N/A
|
-0.52
+15%
|
0.12
N/A
|
0.5
+317%
|
0.74
+48%
|
0.74
N/A
|
1.09
+47%
|
2.24
+106%
|
2
-11%
|
1.71
-15%
|
1.23
-28%
|
0.88
-28%
|
0.67
-24%
|
0.94
+40%
|
0.82
-13%
|
0.52
-37%
|
0.35
-33%
|
-0.44
N/A
|
-0.73
-66%
|
-1.17
-60%
|
-1.38
-18%
|
-1.23
+11%
|
-1.08
+12%
|