Huafang Co Ltd
SSE:600448
Income Statement
Earnings Waterfall
Huafang Co Ltd
Revenue
|
2.9B
CNY
|
Cost of Revenue
|
-2.5B
CNY
|
Gross Profit
|
340.5m
CNY
|
Operating Expenses
|
-353m
CNY
|
Operating Income
|
-12.5m
CNY
|
Other Expenses
|
-73.1m
CNY
|
Net Income
|
-85.6m
CNY
|
Income Statement
Huafang 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 |
2 184
N/A
|
2 222
+2%
|
2 252
+1%
|
2 271
+1%
|
2 309
+2%
|
2 250
-3%
|
2 233
-1%
|
2 270
+2%
|
2 319
+2%
|
2 275
-2%
|
2 222
-2%
|
2 264
+2%
|
2 260
0%
|
2 361
+4%
|
2 487
+5%
|
2 591
+4%
|
2 740
+6%
|
2 850
+4%
|
3 015
+6%
|
3 140
+4%
|
3 213
+2%
|
3 264
+2%
|
3 198
-2%
|
3 173
-1%
|
3 173
0%
|
3 083
-3%
|
3 085
+0%
|
3 031
-2%
|
3 096
+2%
|
3 341
+8%
|
3 474
+4%
|
3 570
+3%
|
3 538
-1%
|
3 621
+2%
|
3 627
+0%
|
3 762
+4%
|
3 885
+3%
|
3 489
-10%
|
3 296
-6%
|
3 035
-8%
|
2 856
-6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 997)
|
(2 060)
|
(2 089)
|
(2 114)
|
(2 149)
|
(2 071)
|
(2 054)
|
(2 085)
|
(2 135)
|
(2 123)
|
(2 063)
|
(2 102)
|
(2 089)
|
(2 194)
|
(2 318)
|
(2 426)
|
(2 570)
|
(2 639)
|
(2 815)
|
(2 935)
|
(2 998)
|
(2 998)
|
(2 924)
|
(2 899)
|
(2 910)
|
(2 690)
|
(2 684)
|
(2 567)
|
(2 571)
|
(2 917)
|
(3 062)
|
(3 179)
|
(3 173)
|
(3 280)
|
(3 260)
|
(3 410)
|
(3 536)
|
(3 247)
|
(2 987)
|
(2 716)
|
(2 516)
|
|
Gross Profit |
187
N/A
|
162
-13%
|
163
+1%
|
157
-4%
|
160
+2%
|
179
+12%
|
179
0%
|
185
+3%
|
184
-1%
|
152
-17%
|
159
+5%
|
162
+2%
|
171
+6%
|
167
-2%
|
169
+1%
|
165
-2%
|
170
+3%
|
211
+24%
|
200
-5%
|
205
+3%
|
214
+4%
|
266
+24%
|
274
+3%
|
274
N/A
|
262
-4%
|
393
+50%
|
401
+2%
|
464
+16%
|
526
+13%
|
423
-19%
|
413
-3%
|
391
-5%
|
365
-7%
|
342
-6%
|
367
+7%
|
352
-4%
|
349
-1%
|
241
-31%
|
309
+28%
|
319
+3%
|
341
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(78)
|
(113)
|
(104)
|
(103)
|
(104)
|
(131)
|
(127)
|
(136)
|
(139)
|
(129)
|
(124)
|
(125)
|
(129)
|
(140)
|
(129)
|
(124)
|
(122)
|
(151)
|
(139)
|
(144)
|
(150)
|
(206)
|
(205)
|
(205)
|
(204)
|
(333)
|
(322)
|
(384)
|
(431)
|
(321)
|
(313)
|
(289)
|
(271)
|
(314)
|
(326)
|
(322)
|
(327)
|
(280)
|
(340)
|
(344)
|
(353)
|
|
Selling, General & Administrative |
(93)
|
(97)
|
(96)
|
(95)
|
(95)
|
(111)
|
(110)
|
(116)
|
(120)
|
(106)
|
(113)
|
(114)
|
(118)
|
(116)
|
(113)
|
(111)
|
(109)
|
(137)
|
(132)
|
(136)
|
(143)
|
(143)
|
(183)
|
(187)
|
(186)
|
(157)
|
(164)
|
(165)
|
(168)
|
(122)
|
(122)
|
(111)
|
(100)
|
(105)
|
(112)
|
(109)
|
(111)
|
(88)
|
(113)
|
(119)
|
(131)
|
|
Research & Development |
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(46)
|
0
|
0
|
0
|
(138)
|
(158)
|
(210)
|
(253)
|
(151)
|
(169)
|
(161)
|
(154)
|
(174)
|
(170)
|
(172)
|
(175)
|
(167)
|
(158)
|
(153)
|
(151)
|
|
Depreciation & Amortization |
0
|
(5)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
|
Other Operating Expenses |
15
|
(8)
|
(8)
|
(9)
|
(9)
|
(8)
|
(16)
|
(19)
|
(19)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(17)
|
(14)
|
(14)
|
2
|
(7)
|
(7)
|
(7)
|
2
|
(22)
|
(17)
|
(17)
|
(3)
|
0
|
(9)
|
(9)
|
(23)
|
(22)
|
(17)
|
(17)
|
(8)
|
(44)
|
(42)
|
(41)
|
2
|
(69)
|
(72)
|
(71)
|
|
Operating Income |
109
N/A
|
50
-54%
|
60
+20%
|
54
-10%
|
56
+5%
|
49
-14%
|
52
+7%
|
49
-6%
|
45
-9%
|
23
-48%
|
35
+51%
|
37
+5%
|
42
+14%
|
27
-35%
|
40
+45%
|
41
+2%
|
48
+18%
|
60
+25%
|
61
+1%
|
61
+1%
|
64
+5%
|
60
-7%
|
69
+15%
|
70
+0%
|
59
-16%
|
60
+2%
|
79
+32%
|
80
+1%
|
95
+19%
|
102
+7%
|
99
-3%
|
102
+3%
|
94
-7%
|
27
-71%
|
41
+50%
|
30
-28%
|
21
-27%
|
(39)
N/A
|
(31)
+20%
|
(24)
+22%
|
(12)
+49%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(58)
|
(45)
|
(53)
|
(46)
|
(45)
|
(34)
|
(36)
|
(36)
|
(31)
|
(12)
|
(26)
|
(30)
|
(36)
|
(20)
|
(34)
|
(36)
|
(44)
|
(57)
|
(57)
|
(48)
|
(33)
|
(39)
|
(49)
|
(50)
|
(56)
|
(43)
|
(54)
|
(60)
|
(70)
|
(84)
|
(85)
|
(90)
|
(88)
|
(80)
|
(95)
|
(84)
|
(82)
|
(44)
|
(56)
|
(64)
|
(75)
|
|
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
|
2
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(41)
|
11
|
10
|
11
|
12
|
8
|
8
|
7
|
5
|
4
|
4
|
4
|
5
|
4
|
4
|
8
|
9
|
4
|
4
|
1
|
0
|
1
|
1
|
(1)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
4
|
4
|
3
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
1
|
0
|
0
|
|
Pre-Tax Income |
10
N/A
|
16
+56%
|
17
+4%
|
19
+15%
|
23
+19%
|
23
+0%
|
24
+3%
|
19
-18%
|
18
-6%
|
14
-22%
|
12
-15%
|
11
-10%
|
10
-6%
|
10
N/A
|
10
-8%
|
12
+23%
|
13
+7%
|
7
-44%
|
7
+3%
|
13
+79%
|
30
+136%
|
21
-30%
|
20
-5%
|
18
-10%
|
(0)
N/A
|
14
N/A
|
22
+53%
|
17
-24%
|
23
+35%
|
21
-9%
|
18
-15%
|
16
-9%
|
9
-42%
|
(52)
N/A
|
(56)
-8%
|
(57)
-1%
|
(61)
-7%
|
(87)
-43%
|
(87)
0%
|
(88)
-1%
|
(87)
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(9)
|
(0)
|
0
|
1
|
0
|
(3)
|
(3)
|
(3)
|
(6)
|
(2)
|
(3)
|
(2)
|
(0)
|
(5)
|
0
|
(5)
|
(4)
|
0
|
0
|
1
|
1
|
|
Income from Continuing Operations |
10
|
16
|
16
|
19
|
23
|
23
|
23
|
19
|
18
|
13
|
10
|
9
|
8
|
10
|
10
|
12
|
13
|
7
|
6
|
10
|
21
|
21
|
21
|
19
|
7
|
11
|
19
|
14
|
17
|
18
|
15
|
14
|
9
|
(57)
|
(60)
|
(62)
|
(65)
|
(86)
|
(87)
|
(87)
|
(86)
|
|
Income to Minority Interest |
0
|
1
|
2
|
2
|
3
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
|
Net Income (Common) |
11
N/A
|
17
+62%
|
18
+5%
|
21
+16%
|
25
+20%
|
24
-3%
|
25
+2%
|
20
-20%
|
18
-8%
|
13
-32%
|
10
-17%
|
9
-13%
|
8
-9%
|
10
+26%
|
10
-8%
|
12
+25%
|
13
+7%
|
7
-46%
|
6
-9%
|
10
+65%
|
21
+103%
|
21
0%
|
21
-1%
|
19
-7%
|
8
-60%
|
12
+51%
|
19
+60%
|
13
-29%
|
16
+24%
|
18
+9%
|
14
-22%
|
14
-2%
|
8
-39%
|
(57)
N/A
|
(60)
-6%
|
(62)
-3%
|
(65)
-4%
|
(86)
-33%
|
(86)
0%
|
(86)
0%
|
(86)
+1%
|
|
EPS (Diluted) |
0.03
N/A
|
0.04
+33%
|
0.05
+25%
|
0.05
N/A
|
0.06
+20%
|
0.05
-17%
|
0.05
N/A
|
0.04
-20%
|
0.03
-25%
|
0.02
-33%
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0.02
+100%
|
0.04
+100%
|
0.03
-25%
|
0.04
+33%
|
0.03
-25%
|
0.01
-67%
|
0.02
+100%
|
0.02
N/A
|
0.01
-50%
|
0.01
N/A
|
0.03
+200%
|
0.02
-33%
|
0.02
N/A
|
0.02
N/A
|
-0.09
N/A
|
-0.1
-11%
|
-0.1
N/A
|
-0.1
N/A
|
-0.14
-40%
|
-0.14
N/A
|
-0.14
N/A
|
-0.14
N/A
|