China Avionics Systems Co Ltd
SSE:600372
Income Statement
Earnings Waterfall
China Avionics Systems Co Ltd
Revenue
|
29B
CNY
|
Cost of Revenue
|
-20.5B
CNY
|
Gross Profit
|
8.6B
CNY
|
Operating Expenses
|
-6.3B
CNY
|
Operating Income
|
2.3B
CNY
|
Other Expenses
|
-390.9m
CNY
|
Net Income
|
1.9B
CNY
|
Income Statement
China Avionics Systems 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 |
5 999
N/A
|
6 011
+0%
|
6 026
+0%
|
5 942
-1%
|
6 607
+11%
|
6 546
-1%
|
6 476
-1%
|
6 471
0%
|
6 810
+5%
|
6 681
-2%
|
6 579
-2%
|
6 679
+2%
|
6 959
+4%
|
6 918
-1%
|
7 212
+4%
|
7 137
-1%
|
7 023
-2%
|
7 016
0%
|
7 268
+4%
|
7 588
+4%
|
7 643
+1%
|
8 004
+5%
|
8 102
+1%
|
8 216
+1%
|
8 352
+2%
|
8 319
0%
|
8 499
+2%
|
8 993
+6%
|
8 747
-3%
|
9 479
+8%
|
9 785
+3%
|
9 870
+1%
|
9 839
0%
|
10 224
+4%
|
10 411
+2%
|
10 803
+4%
|
27 722
+157%
|
11 307
-59%
|
19 980
+77%
|
24 017
+20%
|
29 007
+21%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 088)
|
(4 108)
|
(4 123)
|
(3 911)
|
(4 507)
|
(4 356)
|
(4 337)
|
(4 363)
|
(4 600)
|
(4 467)
|
(4 399)
|
(4 451)
|
(4 701)
|
(4 690)
|
(4 910)
|
(4 866)
|
(4 773)
|
(4 862)
|
(5 013)
|
(5 249)
|
(5 418)
|
(5 659)
|
(5 738)
|
(5 818)
|
(5 892)
|
(5 731)
|
(5 933)
|
(6 299)
|
(6 215)
|
(6 822)
|
(6 993)
|
(7 040)
|
(7 043)
|
(7 277)
|
(7 385)
|
(7 641)
|
(19 861)
|
(7 730)
|
(14 335)
|
(17 250)
|
(20 456)
|
|
Gross Profit |
1 911
N/A
|
1 903
0%
|
1 903
+0%
|
2 031
+7%
|
2 100
+3%
|
2 190
+4%
|
2 139
-2%
|
2 108
-1%
|
2 210
+5%
|
2 214
+0%
|
2 180
-2%
|
2 228
+2%
|
2 258
+1%
|
2 229
-1%
|
2 302
+3%
|
2 270
-1%
|
2 250
-1%
|
2 154
-4%
|
2 255
+5%
|
2 340
+4%
|
2 225
-5%
|
2 345
+5%
|
2 364
+1%
|
2 398
+1%
|
2 460
+3%
|
2 589
+5%
|
2 566
-1%
|
2 694
+5%
|
2 532
-6%
|
2 657
+5%
|
2 792
+5%
|
2 830
+1%
|
2 797
-1%
|
2 946
+5%
|
3 025
+3%
|
3 161
+4%
|
7 862
+149%
|
3 577
-55%
|
5 645
+58%
|
6 766
+20%
|
8 551
+26%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 151)
|
(1 139)
|
(1 127)
|
(1 185)
|
(1 273)
|
(1 362)
|
(1 410)
|
(1 407)
|
(1 371)
|
(1 486)
|
(1 506)
|
(1 511)
|
(1 541)
|
(1 576)
|
(1 576)
|
(1 603)
|
(1 437)
|
(1 370)
|
(1 368)
|
(1 381)
|
(1 584)
|
(1 599)
|
(1 616)
|
(1 651)
|
(1 743)
|
(1 774)
|
(1 774)
|
(1 827)
|
(1 547)
|
(1 623)
|
(1 713)
|
(1 775)
|
(1 810)
|
(1 913)
|
(1 960)
|
(2 132)
|
(5 744)
|
(2 512)
|
(3 910)
|
(4 570)
|
(6 274)
|
|
Selling, General & Administrative |
(1 135)
|
(1 121)
|
(1 121)
|
(1 177)
|
(881)
|
(1 280)
|
(1 332)
|
(1 324)
|
(990)
|
(1 416)
|
(1 421)
|
(1 426)
|
(1 037)
|
(1 456)
|
(1 462)
|
(1 491)
|
(1 012)
|
(1 376)
|
(1 392)
|
(1 291)
|
(1 105)
|
(1 142)
|
(1 013)
|
(1 092)
|
(1 093)
|
(1 117)
|
(1 117)
|
(1 054)
|
(855)
|
(985)
|
(996)
|
(1 056)
|
(924)
|
(1 037)
|
(1 090)
|
(1 083)
|
(2 900)
|
(1 294)
|
(2 026)
|
(2 399)
|
(2 724)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(306)
|
0
|
0
|
0
|
(398)
|
0
|
0
|
0
|
(396)
|
0
|
0
|
0
|
(390)
|
0
|
0
|
(100)
|
(420)
|
(368)
|
(510)
|
(510)
|
(543)
|
(579)
|
(591)
|
(691)
|
(625)
|
(676)
|
(758)
|
(762)
|
(793)
|
(881)
|
(859)
|
(1 042)
|
(2 634)
|
(1 242)
|
(1 945)
|
(2 233)
|
(3 357)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(77)
|
0
|
0
|
0
|
(81)
|
0
|
0
|
0
|
(88)
|
0
|
0
|
0
|
(90)
|
0
|
0
|
0
|
(130)
|
0
|
0
|
0
|
(161)
|
0
|
0
|
0
|
(136)
|
0
|
0
|
0
|
(168)
|
0
|
0
|
0
|
(417)
|
0
|
0
|
0
|
(412)
|
|
Other Operating Expenses |
(17)
|
(18)
|
(6)
|
(8)
|
(9)
|
(82)
|
(79)
|
(83)
|
99
|
(70)
|
(85)
|
(86)
|
(20)
|
(120)
|
(114)
|
(112)
|
55
|
5
|
24
|
10
|
72
|
(89)
|
(93)
|
(49)
|
53
|
(78)
|
(67)
|
(82)
|
70
|
38
|
40
|
43
|
74
|
5
|
(10)
|
(6)
|
207
|
24
|
62
|
62
|
220
|
|
Operating Income |
760
N/A
|
764
+1%
|
776
+2%
|
846
+9%
|
827
-2%
|
828
+0%
|
729
-12%
|
701
-4%
|
839
+20%
|
729
-13%
|
674
-7%
|
717
+6%
|
717
0%
|
653
-9%
|
726
+11%
|
668
-8%
|
813
+22%
|
784
-4%
|
887
+13%
|
959
+8%
|
641
-33%
|
745
+16%
|
748
+0%
|
746
0%
|
717
-4%
|
814
+14%
|
792
-3%
|
867
+9%
|
985
+14%
|
1 034
+5%
|
1 079
+4%
|
1 055
-2%
|
987
-6%
|
1 033
+5%
|
1 066
+3%
|
1 030
-3%
|
2 118
+106%
|
1 065
-50%
|
1 735
+63%
|
2 196
+27%
|
2 277
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(51)
|
(55)
|
(85)
|
(134)
|
(148)
|
(170)
|
(175)
|
(193)
|
(207)
|
(114)
|
(112)
|
(120)
|
(215)
|
(227)
|
(225)
|
(227)
|
(214)
|
(223)
|
(278)
|
(296)
|
(168)
|
(217)
|
(177)
|
(177)
|
(293)
|
(96)
|
(97)
|
(101)
|
(254)
|
(231)
|
(208)
|
(155)
|
(107)
|
(83)
|
(74)
|
(63)
|
(31)
|
(129)
|
(61)
|
(13)
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(4)
|
(1)
|
(1)
|
0
|
4
|
0
|
1
|
2
|
1
|
1
|
6
|
7
|
184
|
7
|
1
|
1
|
(12)
|
1
|
1
|
1
|
2
|
0
|
5
|
5
|
(170)
|
0
|
(0)
|
(0)
|
(55)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
(4)
|
(4)
|
(4)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
62
|
66
|
53
|
47
|
45
|
46
|
43
|
44
|
58
|
58
|
88
|
91
|
85
|
75
|
96
|
120
|
34
|
27
|
32
|
5
|
92
|
78
|
16
|
23
|
31
|
25
|
26
|
16
|
1
|
(12)
|
(12)
|
(12)
|
3
|
1
|
(2)
|
(3)
|
10
|
(5)
|
2
|
2
|
33
|
|
Pre-Tax Income |
770
N/A
|
775
+1%
|
744
-4%
|
760
+2%
|
722
-5%
|
705
-2%
|
597
-15%
|
551
-8%
|
681
+24%
|
668
-2%
|
646
-3%
|
684
+6%
|
583
-15%
|
500
-14%
|
595
+19%
|
560
-6%
|
637
+14%
|
588
-8%
|
643
+9%
|
670
+4%
|
566
-16%
|
607
+7%
|
593
-2%
|
597
+1%
|
631
+6%
|
750
+19%
|
722
-4%
|
782
+8%
|
720
-8%
|
792
+10%
|
860
+9%
|
888
+3%
|
881
-1%
|
952
+8%
|
995
+5%
|
969
-3%
|
1 927
+99%
|
931
-52%
|
1 675
+80%
|
2 185
+30%
|
2 257
+3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(120)
|
(126)
|
(118)
|
(128)
|
(109)
|
(114)
|
(106)
|
(101)
|
(173)
|
(169)
|
(162)
|
(165)
|
(105)
|
(96)
|
(106)
|
(93)
|
(78)
|
(77)
|
(84)
|
(77)
|
(83)
|
(91)
|
(77)
|
(82)
|
(53)
|
(59)
|
(51)
|
(63)
|
(64)
|
(68)
|
(82)
|
(70)
|
(63)
|
(71)
|
(38)
|
(27)
|
(137)
|
(18)
|
(85)
|
(119)
|
(108)
|
|
Income from Continuing Operations |
650
|
649
|
626
|
632
|
613
|
591
|
491
|
450
|
508
|
499
|
485
|
519
|
478
|
404
|
490
|
467
|
559
|
512
|
559
|
593
|
483
|
516
|
516
|
515
|
579
|
691
|
671
|
719
|
655
|
724
|
778
|
818
|
818
|
880
|
958
|
942
|
1 790
|
913
|
1 591
|
2 065
|
2 149
|
|
Income to Minority Interest |
(22)
|
(19)
|
(21)
|
(19)
|
(13)
|
(12)
|
(8)
|
(12)
|
(31)
|
(31)
|
(33)
|
(31)
|
(18)
|
(20)
|
(11)
|
(8)
|
(16)
|
(3)
|
(14)
|
(24)
|
(3)
|
(14)
|
(16)
|
(17)
|
(23)
|
(23)
|
(21)
|
(15)
|
(25)
|
(29)
|
(26)
|
(27)
|
(19)
|
(20)
|
(24)
|
(24)
|
(439)
|
(32)
|
(214)
|
(238)
|
(263)
|
|
Net Income (Common) |
627
N/A
|
630
+0%
|
604
-4%
|
612
+1%
|
601
-2%
|
579
-4%
|
483
-17%
|
438
-9%
|
477
+9%
|
468
-2%
|
452
-3%
|
488
+8%
|
460
-6%
|
384
-17%
|
478
+25%
|
459
-4%
|
542
+18%
|
509
-6%
|
545
+7%
|
569
+4%
|
479
-16%
|
502
+5%
|
501
0%
|
498
-1%
|
556
+12%
|
668
+20%
|
650
-3%
|
705
+8%
|
631
-10%
|
695
+10%
|
751
+8%
|
791
+5%
|
799
+1%
|
861
+8%
|
934
+9%
|
919
-2%
|
1 351
+47%
|
881
-35%
|
1 376
+56%
|
1 827
+33%
|
1 886
+3%
|
|
EPS (Diluted) |
0.35
N/A
|
0.36
+3%
|
0.35
-3%
|
0.36
+3%
|
0.34
-6%
|
0.33
-3%
|
0.27
-18%
|
0.24
-11%
|
0.27
+13%
|
0.26
-4%
|
0.25
-4%
|
0.27
+8%
|
0.26
-4%
|
0.22
-15%
|
0.28
+27%
|
0.27
-4%
|
0.31
+15%
|
0.29
-6%
|
0.31
+7%
|
0.33
+6%
|
0.27
-18%
|
0.29
+7%
|
0.29
N/A
|
0.28
-3%
|
0.32
+14%
|
0.37
+16%
|
0.36
-3%
|
0.36
N/A
|
0.35
-3%
|
0.38
+9%
|
0.4
+5%
|
0.42
+5%
|
0.42
N/A
|
0.45
+7%
|
0.49
+9%
|
0.48
-2%
|
0.41
-15%
|
0.46
+12%
|
0.36
-22%
|
0.37
+3%
|
0.39
+5%
|