Shanghai Milkground Food Tech Co Ltd
SSE:600882
Income Statement
Earnings Waterfall
Shanghai Milkground Food Tech Co Ltd
Revenue
|
4B
CNY
|
Cost of Revenue
|
-2.9B
CNY
|
Gross Profit
|
1.2B
CNY
|
Operating Expenses
|
-1.1B
CNY
|
Operating Income
|
89m
CNY
|
Other Expenses
|
-25.6m
CNY
|
Net Income
|
63.4m
CNY
|
Income Statement
Shanghai Milkground Food Tech 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 |
1 002
N/A
|
1 099
+10%
|
1 077
-2%
|
993
-8%
|
811
-18%
|
569
-30%
|
492
-13%
|
383
-22%
|
361
-6%
|
346
-4%
|
312
-10%
|
369
+18%
|
512
+39%
|
621
+21%
|
780
+26%
|
915
+17%
|
982
+7%
|
972
-1%
|
1 014
+4%
|
1 052
+4%
|
1 226
+17%
|
1 335
+9%
|
1 476
+11%
|
1 616
+10%
|
1 744
+8%
|
1 842
+6%
|
2 114
+15%
|
2 462
+16%
|
2 847
+16%
|
3 402
+20%
|
3 831
+13%
|
4 115
+7%
|
4 478
+9%
|
4 813
+7%
|
5 005
+4%
|
5 163
+3%
|
4 830
-6%
|
4 566
-5%
|
4 302
-6%
|
4 076
-5%
|
4 049
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(599)
|
(680)
|
(665)
|
(644)
|
(542)
|
(413)
|
(425)
|
(369)
|
(371)
|
(366)
|
(310)
|
(312)
|
(375)
|
(442)
|
(579)
|
(692)
|
(757)
|
(757)
|
(767)
|
(792)
|
(895)
|
(981)
|
(1 074)
|
(1 156)
|
(1 194)
|
(1 240)
|
(1 361)
|
(1 557)
|
(1 826)
|
(2 167)
|
(2 420)
|
(2 627)
|
(2 767)
|
(2 995)
|
(3 199)
|
(3 350)
|
(3 181)
|
(3 107)
|
(2 937)
|
(2 829)
|
(2 865)
|
|
Gross Profit |
403
N/A
|
420
+4%
|
412
-2%
|
350
-15%
|
269
-23%
|
156
-42%
|
67
-57%
|
14
-79%
|
(10)
N/A
|
(21)
-106%
|
2
N/A
|
57
+3 259%
|
137
+139%
|
179
+31%
|
201
+12%
|
223
+11%
|
225
+1%
|
215
-4%
|
247
+14%
|
260
+6%
|
330
+27%
|
354
+7%
|
402
+14%
|
460
+15%
|
550
+20%
|
602
+9%
|
753
+25%
|
905
+20%
|
1 021
+13%
|
1 236
+21%
|
1 410
+14%
|
1 488
+5%
|
1 711
+15%
|
1 819
+6%
|
1 806
-1%
|
1 813
+0%
|
1 648
-9%
|
1 459
-11%
|
1 365
-6%
|
1 247
-9%
|
1 184
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(98)
|
(103)
|
(102)
|
(97)
|
(97)
|
(98)
|
(96)
|
(93)
|
(73)
|
(334)
|
(348)
|
(380)
|
(166)
|
(172)
|
(191)
|
(196)
|
(197)
|
(202)
|
(224)
|
(242)
|
(308)
|
(306)
|
(329)
|
(369)
|
(481)
|
(553)
|
(700)
|
(843)
|
(885)
|
(1 093)
|
(1 197)
|
(1 293)
|
(1 525)
|
(1 603)
|
(1 632)
|
(1 672)
|
(1 501)
|
(1 376)
|
(1 346)
|
(1 219)
|
(1 095)
|
|
Selling, General & Administrative |
(94)
|
(94)
|
(96)
|
(95)
|
(68)
|
(81)
|
(79)
|
(73)
|
(44)
|
(75)
|
(93)
|
(109)
|
(143)
|
(159)
|
(171)
|
(196)
|
(198)
|
(227)
|
(256)
|
(275)
|
(308)
|
(311)
|
(335)
|
(371)
|
(460)
|
(528)
|
(666)
|
(803)
|
(852)
|
(1 041)
|
(1 143)
|
(1 239)
|
(1 498)
|
(1 597)
|
(1 625)
|
(1 661)
|
(1 442)
|
(1 364)
|
(1 335)
|
(1 212)
|
(1 063)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
(3)
|
(7)
|
0
|
0
|
(3)
|
(13)
|
(11)
|
(15)
|
(18)
|
(20)
|
(26)
|
(29)
|
(35)
|
(36)
|
(42)
|
(44)
|
(44)
|
(39)
|
(37)
|
(38)
|
(42)
|
(51)
|
(58)
|
(59)
|
(56)
|
(44)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
(49)
|
|
Other Operating Expenses |
(4)
|
(9)
|
(7)
|
(1)
|
(0)
|
(17)
|
(17)
|
(20)
|
(0)
|
(259)
|
(255)
|
(271)
|
(1)
|
(14)
|
(20)
|
2
|
17
|
25
|
32
|
36
|
25
|
17
|
20
|
20
|
18
|
0
|
(4)
|
(5)
|
17
|
(10)
|
(10)
|
(11)
|
38
|
31
|
30
|
31
|
41
|
46
|
49
|
49
|
62
|
|
Operating Income |
305
N/A
|
317
+4%
|
310
-2%
|
253
-18%
|
172
-32%
|
58
-66%
|
(29)
N/A
|
(79)
-175%
|
(83)
-5%
|
(355)
-328%
|
(346)
+2%
|
(323)
+7%
|
(30)
+91%
|
7
N/A
|
10
+52%
|
26
+158%
|
28
+5%
|
13
-53%
|
22
+70%
|
19
-16%
|
23
+21%
|
48
+111%
|
72
+51%
|
91
+25%
|
69
-24%
|
48
-30%
|
53
+10%
|
61
+15%
|
136
+123%
|
143
+5%
|
213
+49%
|
194
-9%
|
186
-4%
|
216
+16%
|
174
-19%
|
141
-19%
|
148
+5%
|
84
-43%
|
19
-77%
|
27
+45%
|
89
+224%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(3)
|
(4)
|
(5)
|
(3)
|
(2)
|
0
|
2
|
(1)
|
(3)
|
(5)
|
75
|
(16)
|
27
|
13
|
(67)
|
(33)
|
(38)
|
(20)
|
(21)
|
(26)
|
(29)
|
(49)
|
(61)
|
(24)
|
(17)
|
5
|
11
|
(12)
|
(8)
|
(14)
|
12
|
54
|
75
|
103
|
117
|
79
|
75
|
53
|
17
|
1
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(247)
|
0
|
0
|
0
|
52
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
0
|
(0)
|
0
|
(28)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(6)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(15)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(12)
|
(12)
|
(13)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(2)
|
0
|
(7)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Total Other Income |
5
|
6
|
7
|
8
|
5
|
(11)
|
(11)
|
(11)
|
6
|
6
|
6
|
8
|
22
|
25
|
29
|
13
|
1
|
(7)
|
(12)
|
(11)
|
2
|
1
|
1
|
1
|
3
|
3
|
3
|
1
|
5
|
(1)
|
1
|
1
|
4
|
3
|
5
|
11
|
10
|
11
|
6
|
2
|
(0)
|
|
Pre-Tax Income |
306
N/A
|
320
+5%
|
312
-2%
|
256
-18%
|
160
-38%
|
45
-72%
|
(40)
N/A
|
(90)
-122%
|
(326)
-264%
|
(353)
-8%
|
(346)
+2%
|
(240)
+31%
|
15
N/A
|
47
+214%
|
40
-15%
|
(27)
N/A
|
(3)
+89%
|
(32)
-1 003%
|
(9)
+71%
|
(13)
-45%
|
(2)
+89%
|
20
N/A
|
24
+21%
|
30
+27%
|
23
-25%
|
34
+52%
|
59
+72%
|
73
+24%
|
95
+31%
|
134
+40%
|
200
+50%
|
207
+3%
|
233
+13%
|
293
+26%
|
281
-4%
|
269
-4%
|
236
-12%
|
170
-28%
|
78
-54%
|
47
-40%
|
84
+79%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(84)
|
(87)
|
(89)
|
(75)
|
(44)
|
(17)
|
8
|
20
|
49
|
54
|
49
|
40
|
17
|
13
|
17
|
22
|
7
|
12
|
17
|
16
|
12
|
7
|
(0)
|
(3)
|
(3)
|
(3)
|
(10)
|
(10)
|
(21)
|
(29)
|
(36)
|
(35)
|
(39)
|
(59)
|
(64)
|
(63)
|
(63)
|
(46)
|
(11)
|
5
|
(4)
|
|
Income from Continuing Operations |
222
|
234
|
224
|
181
|
116
|
29
|
(32)
|
(70)
|
(277)
|
(299)
|
(297)
|
(200)
|
32
|
60
|
57
|
(5)
|
4
|
(20)
|
8
|
3
|
11
|
26
|
24
|
27
|
19
|
31
|
49
|
63
|
74
|
104
|
163
|
172
|
194
|
235
|
217
|
206
|
173
|
124
|
67
|
52
|
80
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
2
|
2
|
3
|
3
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(6)
|
(15)
|
(23)
|
(24)
|
(22)
|
(39)
|
(39)
|
(42)
|
(51)
|
(36)
|
(38)
|
(35)
|
(27)
|
(16)
|
|
Net Income (Common) |
221
N/A
|
233
+5%
|
223
-4%
|
180
-19%
|
115
-36%
|
27
-76%
|
(34)
N/A
|
(71)
-110%
|
(275)
-290%
|
(297)
-8%
|
(294)
+1%
|
(197)
+33%
|
32
N/A
|
61
+90%
|
57
-7%
|
(5)
N/A
|
4
N/A
|
(20)
N/A
|
8
N/A
|
3
-63%
|
11
+279%
|
26
+147%
|
24
-10%
|
27
+15%
|
19
-29%
|
31
+63%
|
45
+44%
|
58
+28%
|
59
+3%
|
81
+37%
|
139
+71%
|
150
+8%
|
154
+3%
|
196
+27%
|
175
-11%
|
155
-11%
|
138
-11%
|
86
-37%
|
32
-63%
|
26
-20%
|
63
+148%
|
|
EPS (Diluted) |
0.56
N/A
|
0.59
+5%
|
0.56
-5%
|
0.45
-20%
|
0.29
-36%
|
0.1
-66%
|
-0.09
N/A
|
-0.19
-111%
|
-0.69
-263%
|
-0.75
-9%
|
-0.74
+1%
|
-0.49
+34%
|
0.08
N/A
|
0.15
+88%
|
0.14
-7%
|
-0.02
N/A
|
0.01
N/A
|
-0.05
N/A
|
0.02
N/A
|
0.01
-50%
|
0.03
+200%
|
0.07
+133%
|
0.06
-14%
|
0.07
+17%
|
0.05
-29%
|
0.07
+40%
|
0.1
+43%
|
0.13
+30%
|
0.14
+8%
|
0.2
+43%
|
0.34
+70%
|
0.28
-18%
|
0.33
+18%
|
0.37
+12%
|
0.34
-8%
|
0.3
-12%
|
0.27
-10%
|
0.17
-37%
|
0.06
-65%
|
0.05
-17%
|
0.13
+160%
|