Mudanjiang Hengfeng Paper Co Ltd
SSE:600356
Income Statement
Earnings Waterfall
Mudanjiang Hengfeng Paper Co Ltd
Revenue
|
2.5B
CNY
|
Cost of Revenue
|
-2.1B
CNY
|
Gross Profit
|
436m
CNY
|
Operating Expenses
|
-261.9m
CNY
|
Operating Income
|
174m
CNY
|
Other Expenses
|
-40.9m
CNY
|
Net Income
|
133.2m
CNY
|
Income Statement
Mudanjiang Hengfeng Paper Co Ltd
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 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 542
N/A
|
1 528
-1%
|
1 555
+2%
|
1 497
-4%
|
1 497
N/A
|
1 477
-1%
|
1 469
-1%
|
1 395
-5%
|
1 422
+2%
|
1 405
-1%
|
1 368
-3%
|
1 361
-1%
|
1 384
+2%
|
1 392
+1%
|
1 441
+4%
|
1 444
+0%
|
1 472
+2%
|
1 507
+2%
|
1 537
+2%
|
1 611
+5%
|
1 708
+6%
|
1 696
-1%
|
1 739
+3%
|
1 756
+1%
|
1 663
-5%
|
1 859
+12%
|
1 856
0%
|
1 829
-1%
|
1 946
+6%
|
1 912
-2%
|
1 947
+2%
|
2 022
+4%
|
2 068
+2%
|
2 123
+3%
|
2 214
+4%
|
2 456
+11%
|
2 543
+4%
|
2 514
-1%
|
2 598
+3%
|
2 648
+2%
|
2 546
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 141)
|
(1 144)
|
(1 167)
|
(1 108)
|
(1 105)
|
(1 086)
|
(1 089)
|
(1 030)
|
(1 053)
|
(1 037)
|
(996)
|
(984)
|
(1 021)
|
(1 019)
|
(1 064)
|
(1 046)
|
(1 091)
|
(1 138)
|
(1 177)
|
(1 260)
|
(1 327)
|
(1 305)
|
(1 314)
|
(1 292)
|
(1 209)
|
(1 325)
|
(1 306)
|
(1 278)
|
(1 374)
|
(1 365)
|
(1 434)
|
(1 636)
|
(1 728)
|
(1 834)
|
(1 923)
|
(2 059)
|
(2 135)
|
(2 112)
|
(2 212)
|
(2 236)
|
(2 110)
|
|
Gross Profit |
402
N/A
|
384
-4%
|
388
+1%
|
389
+0%
|
393
+1%
|
390
-1%
|
380
-3%
|
365
-4%
|
369
+1%
|
368
0%
|
372
+1%
|
377
+1%
|
363
-4%
|
373
+3%
|
377
+1%
|
399
+6%
|
381
-4%
|
370
-3%
|
360
-3%
|
351
-2%
|
381
+9%
|
391
+3%
|
426
+9%
|
464
+9%
|
454
-2%
|
535
+18%
|
549
+3%
|
551
+0%
|
572
+4%
|
547
-4%
|
513
-6%
|
386
-25%
|
341
-12%
|
290
-15%
|
291
+0%
|
397
+37%
|
408
+3%
|
402
-2%
|
386
-4%
|
412
+7%
|
436
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(235)
|
(221)
|
(223)
|
(230)
|
(230)
|
(233)
|
(224)
|
(217)
|
(218)
|
(218)
|
(221)
|
(240)
|
(223)
|
(228)
|
(229)
|
(251)
|
(245)
|
(243)
|
(244)
|
(262)
|
(276)
|
(273)
|
(291)
|
(307)
|
(306)
|
(345)
|
(358)
|
(341)
|
(341)
|
(330)
|
(316)
|
(242)
|
(220)
|
(193)
|
(182)
|
(247)
|
(254)
|
(258)
|
(235)
|
(235)
|
(262)
|
|
Selling, General & Administrative |
(233)
|
(220)
|
(220)
|
(199)
|
(226)
|
(225)
|
(214)
|
(185)
|
(207)
|
(213)
|
(216)
|
(204)
|
(213)
|
(219)
|
(221)
|
(213)
|
(241)
|
(244)
|
(236)
|
(220)
|
(230)
|
(224)
|
(227)
|
(238)
|
(240)
|
(256)
|
(270)
|
(232)
|
(248)
|
(246)
|
(239)
|
(154)
|
(126)
|
(99)
|
(74)
|
(158)
|
(163)
|
(155)
|
(156)
|
(153)
|
(157)
|
|
Research & Development |
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
(6)
|
(24)
|
(17)
|
(25)
|
(44)
|
(53)
|
(64)
|
(78)
|
(80)
|
(86)
|
(89)
|
(88)
|
(81)
|
(76)
|
(81)
|
(77)
|
(73)
|
(73)
|
(81)
|
(84)
|
(83)
|
(80)
|
(78)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(21)
|
0
|
|
Other Operating Expenses |
(2)
|
(1)
|
(2)
|
(2)
|
(4)
|
(9)
|
(10)
|
(1)
|
(11)
|
(5)
|
(6)
|
(1)
|
(10)
|
(9)
|
(7)
|
2
|
(4)
|
0
|
(2)
|
2
|
(29)
|
(24)
|
(20)
|
7
|
(2)
|
(12)
|
(9)
|
5
|
(5)
|
3
|
4
|
15
|
(13)
|
(17)
|
(35)
|
10
|
(10)
|
(20)
|
4
|
20
|
(27)
|
|
Operating Income |
167
N/A
|
163
-2%
|
166
+1%
|
159
-4%
|
163
+3%
|
157
-4%
|
156
-1%
|
148
-5%
|
151
+2%
|
150
0%
|
151
+1%
|
137
-9%
|
139
+2%
|
145
+4%
|
149
+3%
|
147
-1%
|
135
-8%
|
126
-7%
|
115
-8%
|
89
-23%
|
105
+18%
|
118
+12%
|
135
+15%
|
157
+16%
|
148
-6%
|
189
+28%
|
191
+1%
|
210
+10%
|
230
+10%
|
216
-6%
|
197
-9%
|
143
-27%
|
121
-16%
|
97
-20%
|
109
+12%
|
150
+38%
|
154
+3%
|
143
-7%
|
151
+5%
|
177
+18%
|
174
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(64)
|
(62)
|
(61)
|
(54)
|
(58)
|
(48)
|
(43)
|
(32)
|
(25)
|
(22)
|
(17)
|
(11)
|
(11)
|
(9)
|
(11)
|
(15)
|
(15)
|
(13)
|
(9)
|
1
|
(3)
|
(5)
|
(5)
|
(14)
|
(14)
|
(13)
|
(13)
|
(21)
|
(21)
|
(20)
|
(21)
|
(18)
|
(18)
|
(19)
|
(12)
|
6
|
5
|
14
|
6
|
(4)
|
(4)
|
|
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
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
(1)
|
(1)
|
(1)
|
(2)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(3)
|
(3)
|
(2)
|
0
|
(6)
|
(6)
|
(7)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
|
Pre-Tax Income |
106
N/A
|
104
-2%
|
107
+3%
|
107
+0%
|
108
+0%
|
112
+4%
|
115
+3%
|
119
+3%
|
129
+9%
|
131
+1%
|
136
+4%
|
128
-6%
|
131
+2%
|
138
+6%
|
141
+2%
|
131
-7%
|
119
-9%
|
111
-7%
|
103
-7%
|
90
-13%
|
101
+13%
|
113
+11%
|
130
+15%
|
141
+8%
|
131
-7%
|
173
+32%
|
175
+1%
|
179
+2%
|
203
+14%
|
190
-7%
|
169
-11%
|
121
-28%
|
99
-18%
|
74
-25%
|
93
+25%
|
153
+64%
|
157
+3%
|
155
-1%
|
154
-1%
|
171
+11%
|
168
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(31)
|
(31)
|
(32)
|
(28)
|
(27)
|
(29)
|
(30)
|
(31)
|
(35)
|
(34)
|
(36)
|
(34)
|
(34)
|
(36)
|
(37)
|
(35)
|
(32)
|
(30)
|
(28)
|
(25)
|
(28)
|
(31)
|
(35)
|
(34)
|
(34)
|
(51)
|
(46)
|
(40)
|
(41)
|
(26)
|
(24)
|
(13)
|
(8)
|
(4)
|
(0)
|
(17)
|
(19)
|
(14)
|
(23)
|
(22)
|
(20)
|
|
Income from Continuing Operations |
75
|
73
|
76
|
80
|
81
|
83
|
85
|
88
|
94
|
96
|
101
|
94
|
97
|
102
|
104
|
97
|
87
|
81
|
75
|
65
|
74
|
82
|
95
|
106
|
97
|
123
|
129
|
139
|
162
|
164
|
145
|
108
|
91
|
70
|
93
|
135
|
138
|
141
|
131
|
149
|
148
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
(0)
|
(1)
|
(2)
|
(7)
|
(7)
|
(9)
|
(7)
|
(7)
|
(8)
|
(10)
|
(11)
|
(6)
|
(5)
|
(3)
|
(4)
|
(7)
|
(6)
|
(6)
|
(9)
|
(13)
|
(15)
|
|
Net Income (Common) |
74
N/A
|
72
-2%
|
75
+4%
|
80
+6%
|
80
+1%
|
83
+3%
|
85
+2%
|
88
+4%
|
95
+7%
|
97
+3%
|
102
+5%
|
95
-7%
|
98
+3%
|
102
+5%
|
104
+2%
|
98
-6%
|
89
-9%
|
83
-7%
|
78
-6%
|
67
-14%
|
74
+10%
|
81
+10%
|
93
+15%
|
99
+6%
|
90
-9%
|
114
+27%
|
122
+7%
|
132
+8%
|
154
+17%
|
154
+0%
|
135
-13%
|
101
-25%
|
86
-15%
|
67
-23%
|
89
+34%
|
129
+45%
|
131
+2%
|
136
+3%
|
123
-10%
|
136
+11%
|
133
-2%
|
|
EPS (Diluted) |
0.28
N/A
|
0.27
-4%
|
0.28
+4%
|
0.31
+11%
|
0.31
N/A
|
0.25
-19%
|
0.28
+12%
|
0.31
+11%
|
0.33
+6%
|
0.3
-9%
|
0.36
+20%
|
0.32
-11%
|
0.33
+3%
|
0.34
+3%
|
0.35
+3%
|
0.33
-6%
|
0.3
-9%
|
0.28
-7%
|
0.26
-7%
|
0.22
-15%
|
0.24
+9%
|
0.27
+13%
|
0.31
+15%
|
0.33
+6%
|
0.3
-9%
|
0.38
+27%
|
0.41
+8%
|
0.44
+7%
|
0.52
+18%
|
0.52
N/A
|
0.45
-13%
|
0.34
-24%
|
0.29
-15%
|
0.22
-24%
|
0.3
+36%
|
0.43
+43%
|
0.44
+2%
|
0.45
+2%
|
0.41
-9%
|
0.46
+12%
|
0.45
-2%
|