Gree Real Estate Co Ltd
SSE:600185
Income Statement
Earnings Waterfall
Gree Real Estate Co Ltd
Revenue
|
4.7B
CNY
|
Cost of Revenue
|
-4.3B
CNY
|
Gross Profit
|
432.9m
CNY
|
Operating Expenses
|
-381.8m
CNY
|
Operating Income
|
51.1m
CNY
|
Other Expenses
|
-784.2m
CNY
|
Net Income
|
-733.1m
CNY
|
Income Statement
Gree Real Estate Co Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | 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 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 164
N/A
|
2 091
-3%
|
2 068
-1%
|
2 253
+9%
|
1 466
-35%
|
1 032
-30%
|
713
-31%
|
488
-32%
|
2 545
+422%
|
3 521
+38%
|
3 796
+8%
|
4 119
+8%
|
3 122
-24%
|
3 256
+4%
|
3 280
+1%
|
3 293
+0%
|
3 130
-5%
|
2 853
-9%
|
2 795
-2%
|
2 752
-2%
|
3 079
+12%
|
3 942
+28%
|
4 558
+16%
|
4 692
+3%
|
4 193
-11%
|
3 143
-25%
|
4 503
+43%
|
5 011
+11%
|
6 389
+27%
|
7 440
+16%
|
6 802
-9%
|
8 308
+22%
|
7 133
-14%
|
6 751
-5%
|
5 897
-13%
|
3 718
-37%
|
4 047
+9%
|
3 692
-9%
|
3 747
+1%
|
4 007
+7%
|
4 732
+18%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 520)
|
(1 515)
|
(1 533)
|
(1 750)
|
(1 102)
|
(788)
|
(607)
|
(430)
|
(1 765)
|
(2 516)
|
(2 549)
|
(2 734)
|
(2 094)
|
(2 105)
|
(2 252)
|
(2 197)
|
(2 026)
|
(1 861)
|
(1 706)
|
(1 719)
|
(2 150)
|
(2 983)
|
(3 457)
|
(3 581)
|
(3 152)
|
(2 247)
|
(3 204)
|
(3 598)
|
(4 888)
|
(5 610)
|
(5 179)
|
(6 630)
|
(5 808)
|
(5 519)
|
(5 036)
|
(3 252)
|
(4 640)
|
(3 395)
|
(3 377)
|
(3 520)
|
(4 299)
|
|
Gross Profit |
644
N/A
|
576
-10%
|
534
-7%
|
503
-6%
|
364
-28%
|
244
-33%
|
106
-57%
|
58
-45%
|
780
+1 240%
|
1 005
+29%
|
1 247
+24%
|
1 385
+11%
|
1 028
-26%
|
1 151
+12%
|
1 027
-11%
|
1 096
+7%
|
1 104
+1%
|
992
-10%
|
1 089
+10%
|
1 033
-5%
|
928
-10%
|
959
+3%
|
1 101
+15%
|
1 111
+1%
|
1 041
-6%
|
896
-14%
|
1 299
+45%
|
1 413
+9%
|
1 501
+6%
|
1 830
+22%
|
1 622
-11%
|
1 678
+3%
|
1 326
-21%
|
1 232
-7%
|
861
-30%
|
466
-46%
|
(593)
N/A
|
297
N/A
|
371
+25%
|
487
+32%
|
433
-11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(209)
|
(190)
|
(197)
|
(179)
|
(177)
|
(165)
|
20
|
(12)
|
(3)
|
12
|
(194)
|
(178)
|
(235)
|
(220)
|
(206)
|
(211)
|
(238)
|
(197)
|
(183)
|
(166)
|
(223)
|
(214)
|
(218)
|
(229)
|
(269)
|
(340)
|
(394)
|
(420)
|
(408)
|
(405)
|
(400)
|
(423)
|
(410)
|
(473)
|
(448)
|
(412)
|
(371)
|
(1 452)
|
(1 632)
|
(1 636)
|
(382)
|
|
Selling, General & Administrative |
(209)
|
(190)
|
(197)
|
(179)
|
(177)
|
(166)
|
(161)
|
(192)
|
(2)
|
(168)
|
(193)
|
(177)
|
(232)
|
(219)
|
(203)
|
(209)
|
(241)
|
(196)
|
(186)
|
(169)
|
(225)
|
(217)
|
(218)
|
(232)
|
(274)
|
(238)
|
(292)
|
(317)
|
(415)
|
(411)
|
(407)
|
(427)
|
(413)
|
(366)
|
(338)
|
(305)
|
(369)
|
(310)
|
(327)
|
(329)
|
(374)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
(3)
|
(5)
|
(3)
|
(4)
|
(5)
|
(4)
|
(4)
|
(4)
|
|
Other Operating Expenses |
(1)
|
(0)
|
(0)
|
0
|
(1)
|
0
|
181
|
181
|
(1)
|
180
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
3
|
(1)
|
3
|
4
|
2
|
3
|
1
|
3
|
4
|
(103)
|
(102)
|
(103)
|
7
|
6
|
7
|
6
|
6
|
(104)
|
(106)
|
(104)
|
2
|
(1 137)
|
(1 301)
|
(1 303)
|
(5)
|
|
Operating Income |
434
N/A
|
387
-11%
|
337
-13%
|
324
-4%
|
187
-42%
|
79
-58%
|
125
+60%
|
46
-63%
|
777
+1 575%
|
1 017
+31%
|
1 054
+4%
|
1 207
+15%
|
794
-34%
|
931
+17%
|
822
-12%
|
885
+8%
|
865
-2%
|
796
-8%
|
906
+14%
|
868
-4%
|
706
-19%
|
745
+6%
|
884
+19%
|
882
0%
|
772
-12%
|
556
-28%
|
904
+63%
|
993
+10%
|
1 094
+10%
|
1 424
+30%
|
1 223
-14%
|
1 255
+3%
|
916
-27%
|
760
-17%
|
412
-46%
|
55
-87%
|
(964)
N/A
|
(1 156)
-20%
|
(1 262)
-9%
|
(1 148)
+9%
|
51
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(3)
|
18
|
16
|
189
|
1 269
|
1 237
|
1 177
|
952
|
(143)
|
(170)
|
(54)
|
1
|
15
|
31
|
(25)
|
(30)
|
(23)
|
(39)
|
(61)
|
(32)
|
(50)
|
(63)
|
(60)
|
(66)
|
(83)
|
(172)
|
(169)
|
(373)
|
(472)
|
(465)
|
(493)
|
(318)
|
(436)
|
(427)
|
(499)
|
(859)
|
(885)
|
(887)
|
(942)
|
(618)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
38
|
(215)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
8
|
8
|
6
|
6
|
2
|
2
|
3
|
3
|
19
|
18
|
19
|
16
|
5
|
6
|
5
|
10
|
(6)
|
(10)
|
(10)
|
(12)
|
2
|
2
|
3
|
4
|
5
|
4
|
(2)
|
(2)
|
(1)
|
(5)
|
0
|
(1)
|
3
|
5
|
5
|
7
|
(38)
|
(15)
|
(30)
|
(34)
|
20
|
|
Pre-Tax Income |
432
N/A
|
392
-9%
|
361
-8%
|
347
-4%
|
378
+9%
|
1 350
+257%
|
1 366
+1%
|
1 226
-10%
|
1 748
+43%
|
892
-49%
|
903
+1%
|
1 170
+30%
|
799
-32%
|
952
+19%
|
858
-10%
|
870
+1%
|
827
-5%
|
763
-8%
|
857
+12%
|
795
-7%
|
676
-15%
|
698
+3%
|
824
+18%
|
826
+0%
|
708
-14%
|
477
-33%
|
730
+53%
|
822
+13%
|
720
-12%
|
947
+31%
|
758
-20%
|
761
+0%
|
601
-21%
|
329
-45%
|
(10)
N/A
|
(437)
-4 486%
|
(1 894)
-333%
|
(2 056)
-9%
|
(2 179)
-6%
|
(2 087)
+4%
|
(762)
+63%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(81)
|
(62)
|
(63)
|
(42)
|
(65)
|
(301)
|
(269)
|
(276)
|
(378)
|
(170)
|
(224)
|
(265)
|
(200)
|
(245)
|
(209)
|
(218)
|
(203)
|
(188)
|
(207)
|
(199)
|
(164)
|
(171)
|
(207)
|
(200)
|
(182)
|
(125)
|
(190)
|
(201)
|
(163)
|
(217)
|
(155)
|
(161)
|
(146)
|
(113)
|
(50)
|
50
|
(170)
|
(127)
|
(192)
|
(228)
|
28
|
|
Income from Continuing Operations |
351
|
330
|
298
|
305
|
313
|
1 048
|
1 096
|
949
|
1 370
|
722
|
679
|
905
|
599
|
706
|
649
|
652
|
623
|
576
|
650
|
596
|
512
|
527
|
617
|
626
|
526
|
352
|
540
|
621
|
558
|
730
|
604
|
599
|
455
|
216
|
(59)
|
(387)
|
(2 064)
|
(2 183)
|
(2 371)
|
(2 314)
|
(735)
|
|
Income to Minority Interest |
2
|
2
|
1
|
1
|
0
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
1
|
0
|
1
|
1
|
1
|
2
|
1
|
(0)
|
(0)
|
(1)
|
(0)
|
1
|
1
|
1
|
1
|
1
|
2
|
3
|
6
|
6
|
6
|
6
|
6
|
7
|
6
|
5
|
1
|
|
Net Income (Common) |
353
N/A
|
332
-6%
|
299
-10%
|
306
+2%
|
313
+3%
|
1 048
+235%
|
1 097
+5%
|
950
-13%
|
1 371
+44%
|
724
-47%
|
680
-6%
|
906
+33%
|
601
-34%
|
708
+18%
|
650
-8%
|
652
+0%
|
624
-4%
|
577
-8%
|
651
+13%
|
598
-8%
|
513
-14%
|
527
+3%
|
617
+17%
|
624
+1%
|
526
-16%
|
353
-33%
|
541
+53%
|
622
+15%
|
559
-10%
|
731
+31%
|
606
-17%
|
602
-1%
|
460
-24%
|
222
-52%
|
(53)
N/A
|
(381)
-621%
|
(2 057)
-440%
|
(2 177)
-6%
|
(2 365)
-9%
|
(2 309)
+2%
|
(733)
+68%
|
|
EPS (Diluted) |
0.21
N/A
|
0.2
-5%
|
0.18
-10%
|
0.19
+6%
|
0.19
N/A
|
0.61
+221%
|
0.64
+5%
|
0.58
-9%
|
0.85
+47%
|
0.45
-47%
|
0.42
-7%
|
0.43
+2%
|
0.33
-23%
|
0.35
+6%
|
0.32
-9%
|
0.32
N/A
|
0.3
-6%
|
0.28
-7%
|
0.31
+11%
|
0.28
-10%
|
0.24
-14%
|
0.25
+4%
|
0.29
+16%
|
0.3
+3%
|
0.27
-10%
|
0.18
-33%
|
0.33
+83%
|
0.31
-6%
|
0.3
-3%
|
0.38
+27%
|
0.32
-16%
|
0.33
+3%
|
0.24
-27%
|
0.12
-50%
|
-0.02
N/A
|
-0.17
-750%
|
-1.1
-547%
|
-1.15
-5%
|
-1.25
-9%
|
-1.22
+2%
|
-0.39
+68%
|