China Automotive Engineering Research Institute Co Ltd
SSE:601965
Income Statement
Earnings Waterfall
China Automotive Engineering Research Institute Co Ltd
Revenue
|
3.7B
CNY
|
Cost of Revenue
|
-2.1B
CNY
|
Gross Profit
|
1.6B
CNY
|
Operating Expenses
|
-676.3m
CNY
|
Operating Income
|
881.5m
CNY
|
Other Expenses
|
-125.2m
CNY
|
Net Income
|
756.3m
CNY
|
Income Statement
China Automotive Engineering Research Institute 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 |
1 376
N/A
|
1 500
+9%
|
1 489
-1%
|
1 465
-2%
|
1 398
-5%
|
1 569
+12%
|
1 507
-4%
|
1 430
-5%
|
1 344
-6%
|
1 203
-10%
|
1 205
+0%
|
1 341
+11%
|
1 524
+14%
|
1 655
+9%
|
1 808
+9%
|
2 039
+13%
|
2 224
+9%
|
2 400
+8%
|
2 671
+11%
|
2 773
+4%
|
2 757
-1%
|
2 758
+0%
|
2 614
-5%
|
2 390
-9%
|
2 439
+2%
|
2 755
+13%
|
2 745
0%
|
3 213
+17%
|
3 457
+8%
|
3 418
-1%
|
3 766
+10%
|
3 678
-2%
|
3 618
-2%
|
3 835
+6%
|
3 556
-7%
|
3 374
-5%
|
3 398
+1%
|
3 291
-3%
|
3 437
+4%
|
3 601
+5%
|
3 657
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(897)
|
(949)
|
(945)
|
(922)
|
(907)
|
(1 137)
|
(1 075)
|
(1 007)
|
(918)
|
(708)
|
(705)
|
(824)
|
(965)
|
(1 112)
|
(1 268)
|
(1 494)
|
(1 669)
|
(1 803)
|
(2 064)
|
(2 155)
|
(2 139)
|
(2 045)
|
(1 927)
|
(1 677)
|
(1 698)
|
(1 923)
|
(1 942)
|
(2 340)
|
(2 499)
|
(2 370)
|
(2 662)
|
(2 528)
|
(2 424)
|
(2 559)
|
(2 298)
|
(2 068)
|
(2 048)
|
(1 841)
|
(1 983)
|
(2 102)
|
(2 099)
|
|
Gross Profit |
478
N/A
|
551
+15%
|
543
-1%
|
544
+0%
|
490
-10%
|
432
-12%
|
432
N/A
|
424
-2%
|
426
+0%
|
495
+16%
|
499
+1%
|
517
+4%
|
559
+8%
|
543
-3%
|
541
0%
|
544
+1%
|
555
+2%
|
598
+8%
|
607
+2%
|
618
+2%
|
619
+0%
|
713
+15%
|
688
-4%
|
713
+4%
|
741
+4%
|
831
+12%
|
803
-3%
|
873
+9%
|
958
+10%
|
1 048
+9%
|
1 104
+5%
|
1 150
+4%
|
1 194
+4%
|
1 277
+7%
|
1 258
-1%
|
1 306
+4%
|
1 349
+3%
|
1 450
+7%
|
1 453
+0%
|
1 499
+3%
|
1 558
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(152)
|
(171)
|
(176)
|
(198)
|
(200)
|
(194)
|
(192)
|
(212)
|
(211)
|
(210)
|
(207)
|
(213)
|
(222)
|
(245)
|
(232)
|
(213)
|
(210)
|
(226)
|
(208)
|
(205)
|
(214)
|
(284)
|
(255)
|
(259)
|
(263)
|
(327)
|
(331)
|
(356)
|
(386)
|
(401)
|
(386)
|
(405)
|
(430)
|
(548)
|
(519)
|
(532)
|
(530)
|
(640)
|
(625)
|
(648)
|
(676)
|
|
Selling, General & Administrative |
(144)
|
(121)
|
(167)
|
(187)
|
(186)
|
(145)
|
(179)
|
(188)
|
(187)
|
(158)
|
(191)
|
(201)
|
(209)
|
(179)
|
(223)
|
(220)
|
(212)
|
(192)
|
(215)
|
(210)
|
(214)
|
(227)
|
(238)
|
(213)
|
(227)
|
(261)
|
(276)
|
(307)
|
(316)
|
(320)
|
(316)
|
(329)
|
(336)
|
(410)
|
(416)
|
(421)
|
(441)
|
(487)
|
(481)
|
(500)
|
(514)
|
|
Research & Development |
0
|
(42)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
(42)
|
0
|
0
|
(12)
|
(67)
|
0
|
0
|
(46)
|
(77)
|
(69)
|
(92)
|
(91)
|
(94)
|
(104)
|
(107)
|
(126)
|
(155)
|
(183)
|
(199)
|
(219)
|
(178)
|
(185)
|
(187)
|
(182)
|
(203)
|
(231)
|
(235)
|
(242)
|
|
Depreciation & Amortization |
0
|
(8)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(47)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(8)
|
(0)
|
(9)
|
(11)
|
(13)
|
(0)
|
(14)
|
(25)
|
(24)
|
(1)
|
(17)
|
(13)
|
(13)
|
(0)
|
(9)
|
7
|
14
|
54
|
7
|
5
|
47
|
40
|
53
|
47
|
55
|
58
|
49
|
58
|
57
|
113
|
114
|
122
|
125
|
80
|
82
|
76
|
92
|
98
|
87
|
87
|
80
|
|
Operating Income |
327
N/A
|
380
+16%
|
367
-3%
|
346
-6%
|
291
-16%
|
239
-18%
|
240
+1%
|
211
-12%
|
215
+2%
|
286
+33%
|
292
+2%
|
304
+4%
|
337
+11%
|
298
-11%
|
309
+4%
|
331
+7%
|
345
+4%
|
372
+8%
|
399
+7%
|
414
+4%
|
405
-2%
|
429
+6%
|
433
+1%
|
455
+5%
|
477
+5%
|
504
+6%
|
472
-6%
|
517
+10%
|
572
+11%
|
647
+13%
|
718
+11%
|
745
+4%
|
764
+3%
|
729
-5%
|
739
+1%
|
774
+5%
|
819
+6%
|
810
-1%
|
828
+2%
|
851
+3%
|
881
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
45
|
59
|
72
|
59
|
66
|
60
|
69
|
68
|
63
|
64
|
47
|
55
|
76
|
66
|
67
|
62
|
47
|
56
|
63
|
70
|
76
|
49
|
51
|
43
|
33
|
44
|
42
|
41
|
43
|
32
|
18
|
13
|
12
|
18
|
23
|
26
|
21
|
18
|
22
|
24
|
31
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
(0)
|
2
|
0
|
2
|
1
|
1
|
3
|
1
|
(5)
|
0
|
15
|
94
|
93
|
95
|
80
|
1
|
(0)
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
11
|
54
|
61
|
92
|
242
|
196
|
190
|
160
|
11
|
17
|
20
|
21
|
24
|
38
|
41
|
33
|
27
|
1
|
(7)
|
(1)
|
0
|
2
|
2
|
3
|
2
|
3
|
(1)
|
(3)
|
(3)
|
(1)
|
0
|
(3)
|
(2)
|
4
|
2
|
3
|
3
|
(3)
|
(4)
|
(2)
|
(2)
|
|
Pre-Tax Income |
383
N/A
|
493
+29%
|
499
+1%
|
497
0%
|
599
+20%
|
495
-17%
|
499
+1%
|
440
-12%
|
289
-34%
|
367
+27%
|
359
-2%
|
380
+6%
|
437
+15%
|
402
-8%
|
416
+3%
|
426
+2%
|
419
-2%
|
436
+4%
|
455
+4%
|
482
+6%
|
482
0%
|
478
-1%
|
487
+2%
|
501
+3%
|
515
+3%
|
551
+7%
|
513
-7%
|
558
+9%
|
613
+10%
|
672
+10%
|
737
+10%
|
770
+4%
|
868
+13%
|
843
-3%
|
860
+2%
|
883
+3%
|
844
-4%
|
824
-2%
|
846
+3%
|
874
+3%
|
910
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(62)
|
(69)
|
(68)
|
(72)
|
(86)
|
(82)
|
(84)
|
(71)
|
(50)
|
(62)
|
(62)
|
(70)
|
(77)
|
(61)
|
(62)
|
(58)
|
(59)
|
(64)
|
(67)
|
(69)
|
(66)
|
(74)
|
(76)
|
(81)
|
(82)
|
(82)
|
(78)
|
(78)
|
(87)
|
(87)
|
(101)
|
(114)
|
(124)
|
(114)
|
(112)
|
(113)
|
(110)
|
(95)
|
(93)
|
(95)
|
(102)
|
|
Income from Continuing Operations |
321
|
424
|
431
|
425
|
513
|
413
|
415
|
369
|
239
|
305
|
297
|
310
|
360
|
341
|
354
|
368
|
359
|
372
|
388
|
414
|
416
|
404
|
411
|
420
|
433
|
468
|
436
|
480
|
526
|
585
|
636
|
656
|
744
|
729
|
748
|
770
|
734
|
728
|
753
|
779
|
809
|
|
Income to Minority Interest |
(4)
|
(2)
|
(2)
|
(2)
|
(3)
|
1
|
3
|
6
|
8
|
6
|
6
|
6
|
6
|
(1)
|
0
|
(1)
|
(2)
|
3
|
(0)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(4)
|
(5)
|
(26)
|
(22)
|
(34)
|
(30)
|
(38)
|
(44)
|
(42)
|
(49)
|
(39)
|
(51)
|
(46)
|
(52)
|
|
Net Income (Common) |
317
N/A
|
422
+33%
|
429
+2%
|
423
-1%
|
510
+20%
|
413
-19%
|
418
+1%
|
374
-10%
|
246
-34%
|
311
+26%
|
303
-3%
|
315
+4%
|
366
+16%
|
340
-7%
|
354
+4%
|
367
+4%
|
358
-2%
|
375
+5%
|
388
+3%
|
412
+6%
|
415
+1%
|
403
-3%
|
411
+2%
|
419
+2%
|
432
+3%
|
467
+8%
|
434
-7%
|
476
+10%
|
521
+9%
|
558
+7%
|
615
+10%
|
622
+1%
|
714
+15%
|
692
-3%
|
703
+2%
|
729
+4%
|
684
-6%
|
689
+1%
|
702
+2%
|
733
+4%
|
756
+3%
|
|
EPS (Diluted) |
0.32
N/A
|
0.44
+38%
|
0.45
+2%
|
0.44
-2%
|
0.53
+20%
|
0.43
-19%
|
0.42
-2%
|
0.38
-10%
|
0.25
-34%
|
0.32
+28%
|
0.31
-3%
|
0.32
+3%
|
0.37
+16%
|
0.35
-5%
|
0.37
+6%
|
0.39
+5%
|
0.38
-3%
|
0.39
+3%
|
0.4
+3%
|
0.42
+5%
|
0.43
+2%
|
0.42
-2%
|
0.43
+2%
|
0.44
+2%
|
0.45
+2%
|
0.48
+7%
|
0.45
-6%
|
0.49
+9%
|
0.54
+10%
|
0.57
+6%
|
0.63
+11%
|
0.64
+2%
|
0.76
+19%
|
0.7
-8%
|
0.73
+4%
|
0.76
+4%
|
0.7
-8%
|
0.7
N/A
|
0.71
+1%
|
0.74
+4%
|
0.77
+4%
|