Henan Pinggao Electric Co Ltd
SSE:600312
Income Statement
Earnings Waterfall
Henan Pinggao Electric Co Ltd
Revenue
|
10.6B
CNY
|
Cost of Revenue
|
-8.7B
CNY
|
Gross Profit
|
1.9B
CNY
|
Operating Expenses
|
-1.3B
CNY
|
Operating Income
|
601.1m
CNY
|
Other Expenses
|
-15m
CNY
|
Net Income
|
586.1m
CNY
|
Income Statement
Henan Pinggao Electric Co Ltd
Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 497
N/A
|
3 818
+9%
|
3 839
+1%
|
3 942
+3%
|
4 120
+5%
|
4 606
+12%
|
4 635
+1%
|
4 913
+6%
|
5 247
+7%
|
6 750
+29%
|
7 238
+7%
|
8 304
+15%
|
9 112
+10%
|
8 870
-3%
|
9 202
+4%
|
9 487
+3%
|
9 340
-2%
|
8 959
-4%
|
8 669
-3%
|
7 465
-14%
|
7 996
+7%
|
10 816
+35%
|
10 996
+2%
|
11 299
+3%
|
11 724
+4%
|
11 160
-5%
|
11 001
-1%
|
11 279
+3%
|
10 932
-3%
|
9 781
-11%
|
9 610
-2%
|
10 082
+5%
|
10 005
-1%
|
9 273
-7%
|
9 859
+6%
|
9 767
-1%
|
9 499
-3%
|
9 274
-2%
|
9 611
+4%
|
10 082
+5%
|
10 593
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 673)
|
(2 837)
|
(2 860)
|
(2 872)
|
(3 014)
|
(3 277)
|
(3 367)
|
(3 504)
|
(3 636)
|
(4 800)
|
(5 166)
|
(5 918)
|
(6 488)
|
(6 364)
|
(6 770)
|
(7 296)
|
(7 449)
|
(7 166)
|
(7 073)
|
(6 276)
|
(6 811)
|
(9 342)
|
(9 522)
|
(9 676)
|
(10 126)
|
(9 861)
|
(9 791)
|
(10 069)
|
(9 772)
|
(8 611)
|
(8 572)
|
(8 998)
|
(8 950)
|
(8 043)
|
(8 532)
|
(8 286)
|
(7 909)
|
(7 671)
|
(7 923)
|
(8 360)
|
(8 695)
|
|
Gross Profit |
825
N/A
|
982
+19%
|
979
0%
|
1 070
+9%
|
1 106
+3%
|
1 328
+20%
|
1 268
-5%
|
1 410
+11%
|
1 611
+14%
|
1 950
+21%
|
2 072
+6%
|
2 386
+15%
|
2 624
+10%
|
2 505
-5%
|
2 432
-3%
|
2 192
-10%
|
1 891
-14%
|
1 792
-5%
|
1 596
-11%
|
1 189
-25%
|
1 185
0%
|
1 474
+24%
|
1 474
+0%
|
1 623
+10%
|
1 599
-1%
|
1 299
-19%
|
1 209
-7%
|
1 210
+0%
|
1 161
-4%
|
1 170
+1%
|
1 038
-11%
|
1 084
+4%
|
1 054
-3%
|
1 230
+17%
|
1 326
+8%
|
1 480
+12%
|
1 590
+7%
|
1 604
+1%
|
1 689
+5%
|
1 723
+2%
|
1 898
+10%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(473)
|
(507)
|
(477)
|
(461)
|
(460)
|
(571)
|
(562)
|
(575)
|
(600)
|
(817)
|
(812)
|
(904)
|
(988)
|
(921)
|
(842)
|
(849)
|
(848)
|
(944)
|
(891)
|
(853)
|
(832)
|
(973)
|
(914)
|
(935)
|
(988)
|
(933)
|
(858)
|
(855)
|
(830)
|
(809)
|
(875)
|
(751)
|
(731)
|
(978)
|
(1 073)
|
(1 243)
|
(1 316)
|
(1 315)
|
(1 320)
|
(1 272)
|
(1 297)
|
|
Selling, General & Administrative |
(430)
|
(396)
|
(458)
|
(442)
|
(440)
|
(404)
|
(512)
|
(517)
|
(542)
|
(636)
|
(725)
|
(825)
|
(909)
|
(629)
|
(930)
|
(937)
|
(916)
|
(722)
|
(803)
|
(696)
|
(657)
|
(743)
|
(734)
|
(762)
|
(811)
|
(699)
|
(649)
|
(685)
|
(691)
|
(586)
|
(583)
|
(548)
|
(493)
|
(640)
|
(591)
|
(712)
|
(757)
|
(872)
|
(810)
|
(739)
|
(742)
|
|
Research & Development |
0
|
(89)
|
0
|
0
|
0
|
(134)
|
0
|
0
|
0
|
(89)
|
0
|
0
|
0
|
(161)
|
0
|
0
|
(22)
|
(103)
|
0
|
(105)
|
(123)
|
(96)
|
(122)
|
(113)
|
(117)
|
(147)
|
(255)
|
(230)
|
(242)
|
(136)
|
(240)
|
(261)
|
(260)
|
(167)
|
(325)
|
(362)
|
(385)
|
(249)
|
(392)
|
(428)
|
(446)
|
|
Depreciation & Amortization |
0
|
(21)
|
0
|
0
|
0
|
(30)
|
0
|
0
|
0
|
(85)
|
0
|
0
|
0
|
(114)
|
0
|
0
|
0
|
(124)
|
0
|
0
|
0
|
(138)
|
0
|
0
|
0
|
(139)
|
0
|
0
|
0
|
(148)
|
0
|
0
|
0
|
(193)
|
0
|
0
|
0
|
(192)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(43)
|
(3)
|
(19)
|
(19)
|
(19)
|
(3)
|
(50)
|
(58)
|
(58)
|
(7)
|
(87)
|
(79)
|
(79)
|
(18)
|
88
|
88
|
90
|
5
|
(88)
|
(51)
|
(52)
|
6
|
(59)
|
(60)
|
(60)
|
51
|
46
|
60
|
103
|
61
|
(52)
|
58
|
22
|
22
|
(157)
|
(169)
|
(174)
|
(3)
|
(118)
|
(105)
|
(108)
|
|
Operating Income |
351
N/A
|
474
+35%
|
502
+6%
|
609
+21%
|
647
+6%
|
758
+17%
|
705
-7%
|
836
+18%
|
1 012
+21%
|
1 133
+12%
|
1 260
+11%
|
1 482
+18%
|
1 636
+10%
|
1 585
-3%
|
1 590
+0%
|
1 343
-16%
|
1 043
-22%
|
849
-19%
|
705
-17%
|
337
-52%
|
353
+5%
|
502
+42%
|
560
+12%
|
688
+23%
|
611
-11%
|
365
-40%
|
351
-4%
|
356
+1%
|
330
-7%
|
361
+9%
|
163
-55%
|
333
+105%
|
323
-3%
|
253
-22%
|
254
+0%
|
237
-6%
|
274
+15%
|
289
+5%
|
369
+28%
|
451
+22%
|
601
+33%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
7
|
(20)
|
(25)
|
(16)
|
22
|
35
|
24
|
6
|
(50)
|
(78)
|
(101)
|
(111)
|
(113)
|
(92)
|
(89)
|
(71)
|
(71)
|
(69)
|
(88)
|
(124)
|
(133)
|
(153)
|
(159)
|
(148)
|
(146)
|
(75)
|
(62)
|
(45)
|
(20)
|
(73)
|
(66)
|
(48)
|
(51)
|
(12)
|
(20)
|
(13)
|
(1)
|
83
|
94
|
138
|
139
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
1
|
1
|
(9)
|
0
|
(9)
|
(10)
|
(116)
|
0
|
(115)
|
(115)
|
(125)
|
0
|
0
|
0
|
(47)
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(15)
|
0
|
(22)
|
(22)
|
19
|
(6)
|
(1)
|
(1)
|
(5)
|
0
|
(4)
|
0
|
0
|
0
|
(1)
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
|
Total Other Income |
7
|
9
|
8
|
13
|
35
|
31
|
23
|
60
|
28
|
3
|
24
|
0
|
15
|
13
|
4
|
12
|
4
|
6
|
7
|
3
|
7
|
6
|
10
|
12
|
9
|
7
|
1
|
8
|
24
|
33
|
43
|
35
|
20
|
18
|
5
|
6
|
6
|
12
|
2
|
1
|
(0)
|
|
Pre-Tax Income |
365
N/A
|
464
+27%
|
485
+5%
|
606
+25%
|
704
+16%
|
809
+15%
|
753
-7%
|
879
+17%
|
967
+10%
|
1 077
+11%
|
1 177
+9%
|
1 370
+16%
|
1 536
+12%
|
1 500
-2%
|
1 505
+0%
|
1 280
-15%
|
976
-24%
|
784
-20%
|
622
-21%
|
215
-65%
|
227
+5%
|
353
+56%
|
412
+17%
|
553
+34%
|
475
-14%
|
288
-39%
|
290
+1%
|
310
+7%
|
325
+5%
|
203
-38%
|
140
-31%
|
205
+46%
|
177
-13%
|
133
-25%
|
239
+80%
|
230
-4%
|
279
+21%
|
330
+18%
|
466
+41%
|
590
+27%
|
741
+26%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(50)
|
(67)
|
(69)
|
(89)
|
(92)
|
(106)
|
(99)
|
(120)
|
(154)
|
(155)
|
(178)
|
(204)
|
(220)
|
(235)
|
(235)
|
(209)
|
(171)
|
(138)
|
(124)
|
(76)
|
(61)
|
(95)
|
(89)
|
(95)
|
(89)
|
(58)
|
(59)
|
(77)
|
(92)
|
(67)
|
(63)
|
(55)
|
(24)
|
(13)
|
(25)
|
(21)
|
(45)
|
(30)
|
(48)
|
(64)
|
(68)
|
|
Income from Continuing Operations |
315
|
397
|
416
|
516
|
612
|
703
|
654
|
759
|
813
|
922
|
998
|
1 165
|
1 316
|
1 265
|
1 270
|
1 070
|
805
|
647
|
498
|
139
|
166
|
258
|
322
|
457
|
386
|
230
|
230
|
233
|
234
|
137
|
77
|
150
|
154
|
120
|
214
|
209
|
233
|
300
|
418
|
526
|
673
|
|
Income to Minority Interest |
(1)
|
1
|
1
|
2
|
2
|
(10)
|
(15)
|
(29)
|
(36)
|
(37)
|
(31)
|
(32)
|
(40)
|
(45)
|
(51)
|
(42)
|
(23)
|
(16)
|
(2)
|
10
|
5
|
28
|
21
|
14
|
16
|
(1)
|
(4)
|
(4)
|
(8)
|
(11)
|
(12)
|
(22)
|
(39)
|
(50)
|
(66)
|
(78)
|
(88)
|
(88)
|
(95)
|
(97)
|
(87)
|
|
Net Income (Common) |
314
N/A
|
399
+27%
|
417
+5%
|
518
+24%
|
614
+18%
|
693
+13%
|
639
-8%
|
730
+14%
|
777
+6%
|
885
+14%
|
967
+9%
|
1 133
+17%
|
1 276
+13%
|
1 220
-4%
|
1 219
0%
|
1 029
-16%
|
782
-24%
|
631
-19%
|
496
-21%
|
150
-70%
|
170
+14%
|
286
+68%
|
343
+20%
|
472
+37%
|
402
-15%
|
229
-43%
|
227
-1%
|
229
+1%
|
226
-1%
|
126
-44%
|
66
-48%
|
127
+94%
|
115
-10%
|
71
-38%
|
148
+110%
|
131
-12%
|
145
+10%
|
212
+46%
|
323
+52%
|
429
+33%
|
586
+37%
|
|
EPS (Diluted) |
0.39
N/A
|
0.49
+26%
|
0.36
-27%
|
0.5
+39%
|
0.53
+6%
|
0.66
+25%
|
0.56
-15%
|
0.66
+18%
|
0.7
+6%
|
0.78
+11%
|
0.85
+9%
|
0.83
-2%
|
0.94
+13%
|
0.93
-1%
|
0.9
-3%
|
0.76
-16%
|
0.58
-24%
|
0.46
-21%
|
0.36
-22%
|
0.11
-69%
|
0.13
+18%
|
0.21
+62%
|
0.24
+14%
|
0.33
+38%
|
0.28
-15%
|
0.17
-39%
|
0.19
+12%
|
0.14
-26%
|
0.16
+14%
|
0.09
-44%
|
0.04
-56%
|
0.09
+125%
|
0.08
-11%
|
0.05
-38%
|
0.11
+120%
|
0.1
-9%
|
0.11
+10%
|
0.16
+45%
|
0.24
+50%
|
0.32
+33%
|
0.43
+34%
|