AVIC Heavy Machinery Co Ltd
SSE:600765
Income Statement
Earnings Waterfall
AVIC Heavy Machinery Co Ltd
Revenue
|
10.6B
CNY
|
Cost of Revenue
|
-7.3B
CNY
|
Gross Profit
|
3.2B
CNY
|
Operating Expenses
|
-1.6B
CNY
|
Operating Income
|
1.6B
CNY
|
Other Expenses
|
-256.2m
CNY
|
Net Income
|
1.3B
CNY
|
Income Statement
AVIC Heavy Machinery 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 |
6 386
N/A
|
6 462
+1%
|
6 555
+1%
|
6 260
-5%
|
5 823
-7%
|
5 612
-4%
|
5 719
+2%
|
6 001
+5%
|
5 877
-2%
|
5 905
+0%
|
5 537
-6%
|
5 306
-4%
|
5 369
+1%
|
5 452
+2%
|
5 376
-1%
|
5 493
+2%
|
5 663
+3%
|
5 426
-4%
|
5 545
+2%
|
5 385
-3%
|
5 444
+1%
|
5 584
+3%
|
5 783
+4%
|
6 058
+5%
|
5 985
-1%
|
6 113
+2%
|
6 353
+4%
|
6 791
+7%
|
6 698
-1%
|
7 155
+7%
|
7 867
+10%
|
7 976
+1%
|
8 790
+10%
|
9 069
+3%
|
9 436
+4%
|
9 986
+6%
|
10 570
+6%
|
10 845
+3%
|
10 997
+1%
|
10 819
-2%
|
10 577
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 252)
|
(5 346)
|
(5 388)
|
(5 052)
|
(4 540)
|
(4 316)
|
(4 427)
|
(4 661)
|
(4 582)
|
(4 592)
|
(4 132)
|
(3 859)
|
(4 015)
|
(4 016)
|
(3 981)
|
(4 120)
|
(4 329)
|
(4 080)
|
(4 148)
|
(4 009)
|
(4 220)
|
(4 163)
|
(4 332)
|
(4 542)
|
(4 515)
|
(4 511)
|
(4 661)
|
(5 025)
|
(5 023)
|
(5 335)
|
(5 842)
|
(5 733)
|
(6 460)
|
(6 451)
|
(6 733)
|
(7 161)
|
(7 538)
|
(7 639)
|
(7 521)
|
(7 389)
|
(7 347)
|
|
Gross Profit |
1 134
N/A
|
1 116
-2%
|
1 167
+5%
|
1 208
+3%
|
1 283
+6%
|
1 296
+1%
|
1 292
0%
|
1 340
+4%
|
1 295
-3%
|
1 313
+1%
|
1 405
+7%
|
1 447
+3%
|
1 354
-6%
|
1 436
+6%
|
1 395
-3%
|
1 373
-2%
|
1 334
-3%
|
1 345
+1%
|
1 398
+4%
|
1 376
-2%
|
1 224
-11%
|
1 421
+16%
|
1 451
+2%
|
1 516
+4%
|
1 470
-3%
|
1 602
+9%
|
1 692
+6%
|
1 765
+4%
|
1 676
-5%
|
1 820
+9%
|
2 025
+11%
|
2 243
+11%
|
2 330
+4%
|
2 618
+12%
|
2 702
+3%
|
2 825
+5%
|
3 032
+7%
|
3 207
+6%
|
3 475
+8%
|
3 430
-1%
|
3 230
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(724)
|
(719)
|
(775)
|
(790)
|
(856)
|
(854)
|
(966)
|
(984)
|
(1 443)
|
(1 469)
|
(1 415)
|
(1 478)
|
(1 044)
|
(1 031)
|
(1 017)
|
(983)
|
(913)
|
(1 011)
|
(1 097)
|
(1 422)
|
(1 041)
|
(1 217)
|
(1 207)
|
(873)
|
(954)
|
(1 059)
|
(1 128)
|
(1 123)
|
(1 089)
|
(1 188)
|
(1 233)
|
(1 225)
|
(1 247)
|
(1 414)
|
(1 377)
|
(1 504)
|
(1 509)
|
(1 617)
|
(1 736)
|
(1 848)
|
(1 645)
|
|
Selling, General & Administrative |
(694)
|
(687)
|
(726)
|
(738)
|
(696)
|
(758)
|
(758)
|
(777)
|
(1 226)
|
(812)
|
(829)
|
(833)
|
(823)
|
(836)
|
(843)
|
(806)
|
(734)
|
(785)
|
(788)
|
(785)
|
(787)
|
(775)
|
(842)
|
(859)
|
(729)
|
(757)
|
(815)
|
(790)
|
(783)
|
(814)
|
(845)
|
(846)
|
(895)
|
(925)
|
(920)
|
(991)
|
(1 044)
|
(1 085)
|
(1 021)
|
(1 036)
|
(957)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(108)
|
0
|
0
|
0
|
(179)
|
0
|
0
|
0
|
(173)
|
0
|
0
|
(27)
|
(163)
|
0
|
0
|
(38)
|
(186)
|
(148)
|
(219)
|
(217)
|
(188)
|
(219)
|
(211)
|
(252)
|
(276)
|
(303)
|
(326)
|
(309)
|
(320)
|
(352)
|
(347)
|
(362)
|
(426)
|
(491)
|
(641)
|
(767)
|
(654)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(44)
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
(59)
|
0
|
0
|
0
|
(59)
|
0
|
0
|
0
|
(50)
|
|
Other Operating Expenses |
(31)
|
(32)
|
(49)
|
(52)
|
(8)
|
(96)
|
(208)
|
(207)
|
(0)
|
(657)
|
(587)
|
(645)
|
(11)
|
(195)
|
(174)
|
(150)
|
22
|
(226)
|
(309)
|
(599)
|
(19)
|
(294)
|
(145)
|
204
|
10
|
(83)
|
(102)
|
(81)
|
24
|
(70)
|
(62)
|
(71)
|
26
|
(138)
|
(110)
|
(151)
|
20
|
(42)
|
(74)
|
(45)
|
17
|
|
Operating Income |
409
N/A
|
397
-3%
|
392
-1%
|
418
+7%
|
427
+2%
|
442
+4%
|
325
-26%
|
357
+10%
|
(148)
N/A
|
(156)
-5%
|
(11)
+93%
|
(31)
-191%
|
310
N/A
|
404
+30%
|
378
-6%
|
390
+3%
|
421
+8%
|
334
-20%
|
301
-10%
|
(46)
N/A
|
183
N/A
|
204
+12%
|
244
+20%
|
644
+163%
|
517
-20%
|
543
+5%
|
564
+4%
|
642
+14%
|
587
-9%
|
632
+8%
|
793
+25%
|
1 018
+28%
|
1 083
+6%
|
1 204
+11%
|
1 325
+10%
|
1 321
0%
|
1 523
+15%
|
1 589
+4%
|
1 739
+9%
|
1 582
-9%
|
1 585
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(252)
|
(250)
|
(245)
|
(258)
|
(274)
|
(292)
|
(302)
|
(218)
|
(164)
|
(150)
|
(139)
|
(200)
|
(206)
|
(209)
|
(205)
|
(210)
|
(217)
|
(182)
|
(177)
|
269
|
(168)
|
94
|
118
|
(301)
|
(116)
|
(116)
|
(111)
|
(122)
|
(115)
|
(65)
|
(65)
|
(38)
|
(62)
|
83
|
137
|
157
|
16
|
9
|
13
|
13
|
9
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
88
|
17
|
23
|
32
|
(8)
|
31
|
25
|
17
|
273
|
5
|
4
|
5
|
5
|
(0)
|
(0)
|
(1)
|
46
|
1
|
0
|
0
|
120
|
1
|
1
|
1
|
(2)
|
0
|
0
|
(0)
|
4
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
|
Total Other Income |
34
|
34
|
36
|
31
|
27
|
27
|
25
|
24
|
(142)
|
(139)
|
(198)
|
(202)
|
96
|
92
|
151
|
151
|
(30)
|
(45)
|
(54)
|
(56)
|
7
|
12
|
15
|
16
|
3
|
6
|
2
|
1
|
(2)
|
(3)
|
3
|
6
|
5
|
4
|
2
|
0
|
(1)
|
(1)
|
(9)
|
(9)
|
7
|
|
Pre-Tax Income |
192
N/A
|
181
-6%
|
183
+1%
|
190
+4%
|
178
-6%
|
176
-1%
|
45
-74%
|
160
+253%
|
(457)
N/A
|
(447)
+2%
|
(349)
+22%
|
(433)
-24%
|
289
N/A
|
305
+6%
|
348
+14%
|
363
+4%
|
166
-54%
|
138
-17%
|
95
-31%
|
183
+92%
|
294
+61%
|
315
+7%
|
382
+21%
|
363
-5%
|
408
+12%
|
433
+6%
|
454
+5%
|
520
+14%
|
514
-1%
|
565
+10%
|
731
+29%
|
987
+35%
|
1 144
+16%
|
1 291
+13%
|
1 465
+13%
|
1 479
+1%
|
1 534
+4%
|
1 597
+4%
|
1 743
+9%
|
1 586
-9%
|
1 605
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(54)
|
(53)
|
(54)
|
(59)
|
(50)
|
(51)
|
(33)
|
(45)
|
(83)
|
(79)
|
(105)
|
(97)
|
(63)
|
(66)
|
(58)
|
(58)
|
(65)
|
(60)
|
(70)
|
(75)
|
(65)
|
(71)
|
(67)
|
(68)
|
(88)
|
(90)
|
(99)
|
(105)
|
(87)
|
(95)
|
(133)
|
(167)
|
(177)
|
(202)
|
(217)
|
(223)
|
(204)
|
(206)
|
(195)
|
(186)
|
(208)
|
|
Income from Continuing Operations |
138
|
128
|
129
|
131
|
128
|
125
|
12
|
116
|
(539)
|
(527)
|
(454)
|
(529)
|
225
|
239
|
291
|
304
|
102
|
78
|
25
|
108
|
229
|
244
|
314
|
295
|
320
|
343
|
355
|
415
|
426
|
470
|
598
|
820
|
967
|
1 089
|
1 248
|
1 256
|
1 330
|
1 391
|
1 549
|
1 400
|
1 397
|
|
Income to Minority Interest |
15
|
22
|
26
|
26
|
28
|
30
|
63
|
43
|
239
|
238
|
213
|
217
|
17
|
6
|
(13)
|
(8)
|
63
|
65
|
99
|
103
|
104
|
91
|
54
|
32
|
(45)
|
(57)
|
(64)
|
(74)
|
(82)
|
(90)
|
(104)
|
(136)
|
(76)
|
(66)
|
(68)
|
(59)
|
(129)
|
(127)
|
(130)
|
(86)
|
(69)
|
|
Net Income (Common) |
153
N/A
|
150
-2%
|
155
+3%
|
158
+2%
|
157
-1%
|
155
-1%
|
76
-51%
|
159
+110%
|
(300)
N/A
|
(289)
+4%
|
(241)
+17%
|
(313)
-30%
|
243
N/A
|
245
+1%
|
278
+13%
|
297
+7%
|
165
-45%
|
143
-13%
|
125
-13%
|
211
+69%
|
333
+58%
|
335
+1%
|
368
+10%
|
328
-11%
|
275
-16%
|
286
+4%
|
292
+2%
|
340
+17%
|
344
+1%
|
379
+10%
|
494
+30%
|
684
+38%
|
891
+30%
|
1 023
+15%
|
1 181
+15%
|
1 198
+1%
|
1 202
+0%
|
1 264
+5%
|
1 419
+12%
|
1 314
-7%
|
1 329
+1%
|
|
EPS (Diluted) |
0.2
N/A
|
0.2
N/A
|
0.2
N/A
|
0.2
N/A
|
0.2
N/A
|
0.2
N/A
|
0.1
-50%
|
0.21
+110%
|
-0.39
N/A
|
-0.37
+5%
|
-0.31
+16%
|
-0.4
-29%
|
0.31
N/A
|
0.31
N/A
|
0.36
+16%
|
0.38
+6%
|
0.21
-45%
|
0.19
-10%
|
0.16
-16%
|
0.27
+69%
|
0.43
+59%
|
0.43
N/A
|
0.47
+9%
|
0.42
-11%
|
0.35
-17%
|
0.3
-14%
|
0.3
N/A
|
0.37
+23%
|
0.37
N/A
|
0.4
+8%
|
0.38
-5%
|
0.45
+18%
|
0.64
+42%
|
0.71
+11%
|
0.79
+11%
|
0.81
+3%
|
0.82
+1%
|
0.86
+5%
|
0.97
+13%
|
0.9
-7%
|
0.9
N/A
|