Shede Spirits Co Ltd
SSE:600702
Income Statement
Earnings Waterfall
Shede Spirits Co Ltd
Revenue
|
7.1B
CNY
|
Cost of Revenue
|
-2.7B
CNY
|
Gross Profit
|
4.4B
CNY
|
Operating Expenses
|
-2.2B
CNY
|
Operating Income
|
2.2B
CNY
|
Other Expenses
|
-465.8m
CNY
|
Net Income
|
1.8B
CNY
|
Income Statement
Shede Spirits 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 |
1 419
N/A
|
1 308
-8%
|
1 395
+7%
|
1 434
+3%
|
1 445
+1%
|
1 411
-2%
|
1 341
-5%
|
1 232
-8%
|
1 156
-6%
|
1 268
+10%
|
1 309
+3%
|
1 439
+10%
|
1 462
+2%
|
1 462
+0%
|
1 561
+7%
|
1 606
+3%
|
1 638
+2%
|
1 732
+6%
|
1 778
+3%
|
1 984
+12%
|
2 212
+11%
|
2 390
+8%
|
2 415
+1%
|
2 467
+2%
|
2 650
+7%
|
2 357
-11%
|
2 456
+4%
|
2 570
+5%
|
2 704
+5%
|
3 327
+23%
|
4 069
+22%
|
4 547
+12%
|
4 969
+9%
|
5 825
+17%
|
5 603
-4%
|
5 979
+7%
|
6 056
+1%
|
6 193
+2%
|
6 559
+6%
|
6 684
+2%
|
7 081
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(723)
|
(737)
|
(825)
|
(877)
|
(854)
|
(856)
|
(805)
|
(720)
|
(684)
|
(778)
|
(809)
|
(870)
|
(653)
|
(608)
|
(544)
|
(484)
|
(598)
|
(694)
|
(802)
|
(885)
|
(860)
|
(960)
|
(905)
|
(935)
|
(920)
|
(879)
|
(899)
|
(945)
|
(964)
|
(1 247)
|
(1 489)
|
(1 698)
|
(1 708)
|
(2 098)
|
(2 091)
|
(2 211)
|
(2 100)
|
(2 320)
|
(2 530)
|
(2 601)
|
(2 651)
|
|
Gross Profit |
696
N/A
|
571
-18%
|
569
0%
|
557
-2%
|
592
+6%
|
555
-6%
|
536
-3%
|
512
-4%
|
472
-8%
|
489
+4%
|
500
+2%
|
569
+14%
|
809
+42%
|
854
+6%
|
1 017
+19%
|
1 122
+10%
|
1 041
-7%
|
1 038
0%
|
975
-6%
|
1 099
+13%
|
1 352
+23%
|
1 430
+6%
|
1 510
+6%
|
1 532
+2%
|
1 730
+13%
|
1 478
-15%
|
1 557
+5%
|
1 625
+4%
|
1 739
+7%
|
2 080
+20%
|
2 580
+24%
|
2 849
+10%
|
3 261
+14%
|
3 727
+14%
|
3 512
-6%
|
3 768
+7%
|
3 955
+5%
|
3 872
-2%
|
4 029
+4%
|
4 083
+1%
|
4 429
+8%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(633)
|
(577)
|
(537)
|
(515)
|
(547)
|
(503)
|
(486)
|
(450)
|
(429)
|
(433)
|
(402)
|
(428)
|
(585)
|
(594)
|
(752)
|
(854)
|
(818)
|
(812)
|
(720)
|
(768)
|
(954)
|
(978)
|
(1 027)
|
(984)
|
(1 008)
|
(852)
|
(856)
|
(884)
|
(959)
|
(969)
|
(1 094)
|
(1 278)
|
(1 630)
|
(1 802)
|
(1 754)
|
(1 870)
|
(1 813)
|
(1 673)
|
(1 787)
|
(1 838)
|
(2 192)
|
|
Selling, General & Administrative |
(636)
|
(579)
|
(538)
|
(515)
|
(500)
|
(502)
|
(485)
|
(450)
|
(380)
|
(432)
|
(390)
|
(418)
|
(547)
|
(576)
|
(745)
|
(850)
|
(790)
|
(792)
|
(701)
|
(745)
|
(921)
|
(963)
|
(1 012)
|
(966)
|
(970)
|
(847)
|
(851)
|
(881)
|
(887)
|
(945)
|
(1 062)
|
(1 246)
|
(1 516)
|
(1 784)
|
(1 733)
|
(1 825)
|
(1 654)
|
(1 609)
|
(1 696)
|
(1 741)
|
(2 002)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
(1)
|
(9)
|
(15)
|
(21)
|
(25)
|
(8)
|
(13)
|
(9)
|
(6)
|
(21)
|
(27)
|
(36)
|
(40)
|
(33)
|
(32)
|
(37)
|
(57)
|
(76)
|
(86)
|
(107)
|
(113)
|
(108)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(36)
|
0
|
0
|
0
|
(60)
|
0
|
0
|
0
|
(92)
|
0
|
0
|
0
|
(98)
|
0
|
0
|
0
|
(92)
|
|
Other Operating Expenses |
3
|
2
|
1
|
(1)
|
(4)
|
(1)
|
(1)
|
(0)
|
(7)
|
(1)
|
(12)
|
(10)
|
(1)
|
(20)
|
(8)
|
(6)
|
2
|
(18)
|
(19)
|
(22)
|
4
|
(0)
|
6
|
7
|
6
|
8
|
4
|
3
|
9
|
3
|
4
|
8
|
10
|
14
|
15
|
11
|
16
|
22
|
15
|
17
|
10
|
|
Operating Income |
63
N/A
|
(6)
N/A
|
33
N/A
|
42
+30%
|
44
+5%
|
52
+18%
|
50
-5%
|
62
+24%
|
43
-31%
|
57
+32%
|
98
+72%
|
141
+44%
|
224
+59%
|
259
+16%
|
264
+2%
|
268
+1%
|
223
-17%
|
227
+2%
|
255
+13%
|
331
+30%
|
398
+20%
|
452
+13%
|
483
+7%
|
548
+14%
|
722
+32%
|
626
-13%
|
701
+12%
|
741
+6%
|
781
+5%
|
1 112
+42%
|
1 486
+34%
|
1 571
+6%
|
1 631
+4%
|
1 925
+18%
|
1 758
-9%
|
1 898
+8%
|
2 143
+13%
|
2 200
+3%
|
2 241
+2%
|
2 245
+0%
|
2 237
0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(15)
|
(15)
|
(22)
|
(10)
|
(12)
|
(21)
|
(16)
|
(20)
|
(16)
|
(13)
|
(25)
|
(25)
|
(30)
|
(31)
|
(15)
|
(6)
|
(5)
|
2
|
4
|
1
|
3
|
(3)
|
(5)
|
(8)
|
(7)
|
(6)
|
(11)
|
(5)
|
(2)
|
1
|
13
|
15
|
43
|
54
|
69
|
85
|
87
|
80
|
73
|
69
|
65
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(18)
|
0
|
44
|
44
|
40
|
45
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
10
|
0
|
0
|
6
|
5
|
0
|
7
|
2
|
1
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
2
|
2
|
2
|
3
|
3
|
4
|
6
|
6
|
5
|
4
|
3
|
5
|
1
|
1
|
(2)
|
4
|
3
|
6
|
4
|
(1)
|
(2)
|
(3)
|
(8)
|
(4)
|
(16)
|
(16)
|
(7)
|
35
|
44
|
45
|
43
|
2
|
11
|
11
|
12
|
11
|
11
|
11
|
19
|
27
|
|
Pre-Tax Income |
50
N/A
|
(20)
N/A
|
13
N/A
|
34
+165%
|
35
+4%
|
35
+0%
|
38
+9%
|
48
+26%
|
33
-32%
|
49
+48%
|
76
+57%
|
119
+56%
|
184
+54%
|
230
+25%
|
251
+9%
|
259
+3%
|
204
-21%
|
231
+13%
|
308
+33%
|
380
+23%
|
441
+16%
|
492
+12%
|
475
-4%
|
532
+12%
|
707
+33%
|
604
-15%
|
674
+12%
|
730
+8%
|
801
+10%
|
1 156
+44%
|
1 545
+34%
|
1 630
+6%
|
1 685
+3%
|
1 991
+18%
|
1 838
-8%
|
2 001
+9%
|
2 246
+12%
|
2 290
+2%
|
2 332
+2%
|
2 335
+0%
|
2 330
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(38)
|
(18)
|
(19)
|
(23)
|
(22)
|
(25)
|
(29)
|
(37)
|
(26)
|
(34)
|
(53)
|
(61)
|
(104)
|
(121)
|
(131)
|
(138)
|
(62)
|
(44)
|
(49)
|
(38)
|
(68)
|
(97)
|
(80)
|
(128)
|
(169)
|
(143)
|
(164)
|
(191)
|
(194)
|
(272)
|
(360)
|
(360)
|
(414)
|
(494)
|
(473)
|
(508)
|
(546)
|
(555)
|
(555)
|
(550)
|
(558)
|
|
Income from Continuing Operations |
12
|
(38)
|
(6)
|
10
|
13
|
10
|
10
|
11
|
7
|
15
|
24
|
58
|
80
|
109
|
119
|
121
|
142
|
188
|
260
|
343
|
373
|
395
|
395
|
404
|
538
|
462
|
509
|
539
|
607
|
885
|
1 184
|
1 271
|
1 271
|
1 497
|
1 365
|
1 493
|
1 701
|
1 735
|
1 777
|
1 786
|
1 772
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
(2)
|
(13)
|
(21)
|
(31)
|
(35)
|
(33)
|
(32)
|
(31)
|
(27)
|
(23)
|
(23)
|
(26)
|
(29)
|
(32)
|
(31)
|
(25)
|
(22)
|
(20)
|
(17)
|
(15)
|
(10)
|
(8)
|
(5)
|
(1)
|
|
Net Income (Common) |
12
N/A
|
(38)
N/A
|
(6)
+84%
|
10
N/A
|
13
+30%
|
10
-28%
|
10
N/A
|
11
+16%
|
7
-37%
|
15
+111%
|
24
+57%
|
58
+146%
|
80
+38%
|
109
+36%
|
119
+10%
|
121
+1%
|
144
+19%
|
185
+29%
|
247
+33%
|
321
+30%
|
342
+6%
|
360
+5%
|
361
+1%
|
372
+3%
|
508
+37%
|
434
-15%
|
487
+12%
|
516
+6%
|
581
+13%
|
856
+47%
|
1 152
+35%
|
1 240
+8%
|
1 246
+0%
|
1 474
+18%
|
1 346
-9%
|
1 476
+10%
|
1 685
+14%
|
1 724
+2%
|
1 770
+3%
|
1 781
+1%
|
1 771
-1%
|
|
EPS (Diluted) |
0.03
N/A
|
-0.12
N/A
|
-0.02
+83%
|
0.03
N/A
|
0.04
+33%
|
0.03
-25%
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.05
+150%
|
0.07
+40%
|
0.17
+143%
|
0.24
+41%
|
0.32
+33%
|
0.35
+9%
|
0.36
+3%
|
0.43
+19%
|
0.55
+28%
|
0.74
+35%
|
0.96
+30%
|
1.01
+5%
|
1.07
+6%
|
1.08
+1%
|
1.11
+3%
|
1.52
+37%
|
1.3
-14%
|
1.45
+12%
|
1.54
+6%
|
1.75
+14%
|
2.57
+47%
|
3.46
+35%
|
3.73
+8%
|
3.76
+1%
|
4.45
+18%
|
4.03
-9%
|
4.37
+8%
|
5.1
+17%
|
5.21
+2%
|
5.35
+3%
|
5.37
+0%
|
5.35
0%
|