Shandong Hualu-Hengsheng Chemical Co Ltd
SSE:600426
Income Statement
Earnings Waterfall
Shandong Hualu-Hengsheng Chemical Co Ltd
Revenue
|
27.3B
CNY
|
Cost of Revenue
|
-21.6B
CNY
|
Gross Profit
|
5.6B
CNY
|
Operating Expenses
|
-1.1B
CNY
|
Operating Income
|
4.5B
CNY
|
Other Expenses
|
-939.1m
CNY
|
Net Income
|
3.6B
CNY
|
Income Statement
Shandong Hualu-Hengsheng Chemical 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 |
8 469
N/A
|
9 008
+6%
|
9 528
+6%
|
9 662
+1%
|
9 710
+0%
|
9 624
-1%
|
9 681
+1%
|
9 415
-3%
|
8 651
-8%
|
8 342
-4%
|
7 858
-6%
|
7 296
-7%
|
7 701
+6%
|
8 287
+8%
|
8 535
+3%
|
9 422
+10%
|
10 408
+10%
|
11 388
+9%
|
12 691
+11%
|
14 024
+11%
|
14 357
+2%
|
14 461
+1%
|
14 435
0%
|
14 119
-2%
|
14 190
+1%
|
13 607
-4%
|
13 108
-4%
|
12 623
-4%
|
13 115
+4%
|
15 159
+16%
|
18 734
+24%
|
22 307
+19%
|
26 744
+20%
|
29 748
+11%
|
31 557
+6%
|
31 410
0%
|
30 245
-4%
|
28 183
-7%
|
26 070
-7%
|
26 582
+2%
|
27 260
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 324)
|
(7 724)
|
(8 079)
|
(8 125)
|
(8 069)
|
(7 923)
|
(7 875)
|
(7 560)
|
(6 890)
|
(6 672)
|
(6 272)
|
(5 867)
|
(6 144)
|
(6 682)
|
(6 972)
|
(7 669)
|
(8 371)
|
(8 900)
|
(9 334)
|
(9 915)
|
(9 993)
|
(10 204)
|
(10 398)
|
(10 370)
|
(10 242)
|
(9 961)
|
(9 970)
|
(9 841)
|
(10 323)
|
(11 245)
|
(12 575)
|
(14 363)
|
(17 313)
|
(19 322)
|
(21 232)
|
(21 990)
|
(21 525)
|
(21 569)
|
(20 813)
|
(21 140)
|
(21 632)
|
|
Gross Profit |
1 145
N/A
|
1 284
+12%
|
1 448
+13%
|
1 537
+6%
|
1 642
+7%
|
1 701
+4%
|
1 807
+6%
|
1 855
+3%
|
1 761
-5%
|
1 670
-5%
|
1 587
-5%
|
1 429
-10%
|
1 557
+9%
|
1 605
+3%
|
1 564
-3%
|
1 754
+12%
|
2 037
+16%
|
2 487
+22%
|
3 357
+35%
|
4 110
+22%
|
4 364
+6%
|
4 257
-2%
|
4 037
-5%
|
3 749
-7%
|
3 949
+5%
|
3 647
-8%
|
3 139
-14%
|
2 782
-11%
|
2 792
+0%
|
3 915
+40%
|
6 159
+57%
|
7 943
+29%
|
9 431
+19%
|
10 426
+11%
|
10 325
-1%
|
9 420
-9%
|
8 720
-7%
|
6 614
-24%
|
5 257
-21%
|
5 442
+4%
|
5 628
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(267)
|
(282)
|
(293)
|
(292)
|
(343)
|
(379)
|
(425)
|
(456)
|
(450)
|
(419)
|
(382)
|
(355)
|
(385)
|
(328)
|
(324)
|
(341)
|
(438)
|
(374)
|
(407)
|
(503)
|
(568)
|
(644)
|
(759)
|
(787)
|
(950)
|
(920)
|
(661)
|
(559)
|
(598)
|
(369)
|
(540)
|
(654)
|
(814)
|
(864)
|
(933)
|
(999)
|
(1 044)
|
(931)
|
(960)
|
(905)
|
(1 113)
|
|
Selling, General & Administrative |
(267)
|
(286)
|
(301)
|
(299)
|
(296)
|
(344)
|
(388)
|
(418)
|
(319)
|
(410)
|
(375)
|
(349)
|
(313)
|
(321)
|
(318)
|
(320)
|
(364)
|
(397)
|
(428)
|
(457)
|
(471)
|
(470)
|
(489)
|
(501)
|
(591)
|
(531)
|
(357)
|
(306)
|
(278)
|
(144)
|
(251)
|
(276)
|
(413)
|
(369)
|
(408)
|
(445)
|
(434)
|
(308)
|
(291)
|
(279)
|
(498)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(92)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
(15)
|
(52)
|
0
|
0
|
(18)
|
(68)
|
(96)
|
(195)
|
(277)
|
(332)
|
(354)
|
(305)
|
(249)
|
(284)
|
(255)
|
(283)
|
(372)
|
(368)
|
(466)
|
(496)
|
(535)
|
(611)
|
(630)
|
(676)
|
(625)
|
(578)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
(70)
|
0
|
0
|
0
|
(67)
|
|
Other Operating Expenses |
(1)
|
4
|
8
|
8
|
(5)
|
(35)
|
(37)
|
(39)
|
(5)
|
(9)
|
(8)
|
(6)
|
(4)
|
(7)
|
(5)
|
(5)
|
(1)
|
24
|
20
|
(28)
|
0
|
(78)
|
(75)
|
(10)
|
3
|
(36)
|
1
|
(5)
|
4
|
29
|
(6)
|
(6)
|
33
|
(29)
|
(29)
|
(20)
|
70
|
6
|
7
|
(1)
|
31
|
|
Operating Income |
878
N/A
|
1 002
+14%
|
1 155
+15%
|
1 245
+8%
|
1 299
+4%
|
1 322
+2%
|
1 382
+5%
|
1 399
+1%
|
1 311
-6%
|
1 251
-5%
|
1 205
-4%
|
1 075
-11%
|
1 172
+9%
|
1 277
+9%
|
1 240
-3%
|
1 413
+14%
|
1 599
+13%
|
2 114
+32%
|
2 950
+40%
|
3 606
+22%
|
3 796
+5%
|
3 613
-5%
|
3 279
-9%
|
2 962
-10%
|
2 999
+1%
|
2 726
-9%
|
2 477
-9%
|
2 222
-10%
|
2 194
-1%
|
3 546
+62%
|
5 619
+58%
|
7 289
+30%
|
8 618
+18%
|
9 562
+11%
|
9 392
-2%
|
8 421
-10%
|
7 676
-9%
|
5 683
-26%
|
4 297
-24%
|
4 537
+6%
|
4 515
0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(303)
|
(309)
|
(313)
|
(316)
|
(311)
|
(311)
|
(298)
|
(275)
|
(240)
|
(214)
|
(178)
|
(156)
|
(137)
|
(133)
|
(142)
|
(138)
|
(150)
|
(168)
|
(166)
|
(171)
|
(163)
|
(155)
|
(144)
|
(124)
|
(98)
|
(76)
|
(64)
|
(63)
|
(67)
|
(72)
|
(75)
|
(72)
|
(92)
|
(55)
|
(56)
|
(36)
|
(55)
|
(16)
|
4
|
(16)
|
(87)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(64)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(0)
|
|
Gain/Loss on Disposition of Assets |
(1)
|
0
|
(3)
|
(3)
|
(2)
|
(3)
|
(1)
|
(2)
|
0
|
(2)
|
(4)
|
(2)
|
(4)
|
(2)
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
5
|
|
Total Other Income |
4
|
1
|
0
|
(0)
|
2
|
6
|
7
|
7
|
4
|
4
|
1
|
4
|
3
|
2
|
2
|
(1)
|
0
|
(13)
|
(13)
|
(15)
|
0
|
(3)
|
(4)
|
(3)
|
0
|
(5)
|
6
|
4
|
(3)
|
(0)
|
(11)
|
(8)
|
2
|
24
|
33
|
40
|
(209)
|
(200)
|
(204)
|
(211)
|
(153)
|
|
Pre-Tax Income |
578
N/A
|
694
+20%
|
839
+21%
|
926
+10%
|
955
+3%
|
1 014
+6%
|
1 090
+8%
|
1 129
+4%
|
1 067
-5%
|
1 040
-3%
|
1 024
-1%
|
921
-10%
|
1 034
+12%
|
1 143
+11%
|
1 100
-4%
|
1 274
+16%
|
1 438
+13%
|
1 934
+34%
|
2 770
+43%
|
3 421
+23%
|
3 565
+4%
|
3 456
-3%
|
3 131
-9%
|
2 835
-9%
|
2 896
+2%
|
2 645
-9%
|
2 419
-9%
|
2 164
-11%
|
2 123
-2%
|
3 474
+64%
|
5 533
+59%
|
7 209
+30%
|
8 543
+19%
|
9 531
+12%
|
9 369
-2%
|
8 424
-10%
|
7 411
-12%
|
5 467
-26%
|
4 096
-25%
|
4 310
+5%
|
4 281
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(88)
|
(106)
|
(128)
|
(140)
|
(151)
|
(160)
|
(172)
|
(178)
|
(163)
|
(159)
|
(156)
|
(140)
|
(158)
|
(175)
|
(169)
|
(195)
|
(216)
|
(292)
|
(414)
|
(512)
|
(546)
|
(528)
|
(482)
|
(437)
|
(443)
|
(405)
|
(371)
|
(333)
|
(325)
|
(529)
|
(838)
|
(1 090)
|
(1 273)
|
(1 424)
|
(1 408)
|
(1 249)
|
(1 123)
|
(828)
|
(610)
|
(630)
|
(658)
|
|
Income from Continuing Operations |
490
|
588
|
711
|
786
|
804
|
855
|
919
|
952
|
905
|
881
|
869
|
781
|
875
|
968
|
931
|
1 079
|
1 222
|
1 642
|
2 357
|
2 909
|
3 020
|
2 928
|
2 649
|
2 398
|
2 453
|
2 240
|
2 048
|
1 831
|
1 798
|
2 945
|
4 695
|
6 119
|
7 270
|
8 106
|
7 961
|
7 175
|
6 288
|
4 639
|
3 487
|
3 680
|
3 622
|
|
Income to Minority Interest |
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
|
1
|
2
|
1
|
2
|
3
|
2
|
3
|
(47)
|
|
Net Income (Common) |
490
N/A
|
588
+20%
|
711
+21%
|
786
+11%
|
804
+2%
|
855
+6%
|
919
+8%
|
952
+4%
|
905
-5%
|
881
-3%
|
869
-1%
|
781
-10%
|
875
+12%
|
968
+11%
|
931
-4%
|
1 079
+16%
|
1 222
+13%
|
1 642
+34%
|
2 357
+43%
|
2 909
+23%
|
3 020
+4%
|
2 928
-3%
|
2 649
-10%
|
2 398
-9%
|
2 453
+2%
|
2 240
-9%
|
2 048
-9%
|
1 831
-11%
|
1 798
-2%
|
2 945
+64%
|
4 695
+59%
|
6 120
+30%
|
7 271
+19%
|
8 107
+12%
|
7 963
-2%
|
7 177
-10%
|
6 289
-12%
|
4 642
-26%
|
3 489
-25%
|
3 682
+6%
|
3 576
-3%
|
|
EPS (Diluted) |
0.23
N/A
|
0.27
+17%
|
0.33
+22%
|
0.37
+12%
|
0.38
+3%
|
0.41
+8%
|
0.44
+7%
|
0.46
+5%
|
0.43
-7%
|
0.42
-2%
|
0.42
N/A
|
0.37
-12%
|
0.42
+14%
|
0.46
+10%
|
0.44
-4%
|
0.51
+16%
|
0.58
+14%
|
0.78
+34%
|
1.12
+44%
|
1.39
+24%
|
1.44
+4%
|
1.4
-3%
|
1.27
-9%
|
1.15
-9%
|
1.16
+1%
|
1.06
-9%
|
0.97
-8%
|
0.86
-11%
|
0.86
N/A
|
1.4
+63%
|
2.22
+59%
|
2.9
+31%
|
3.44
+19%
|
3.84
+12%
|
3.74
-3%
|
3.39
-9%
|
2.97
-12%
|
2.21
-26%
|
1.65
-25%
|
1.75
+6%
|
1.69
-3%
|