Quectel Wireless Solutions Co Ltd
SSE:603236
Income Statement
Earnings Waterfall
Quectel Wireless Solutions Co Ltd
Revenue
|
14.1B
CNY
|
Cost of Revenue
|
-11.4B
CNY
|
Gross Profit
|
2.7B
CNY
|
Operating Expenses
|
-2.5B
CNY
|
Operating Income
|
212.1m
CNY
|
Other Expenses
|
-42.8m
CNY
|
Net Income
|
169.3m
CNY
|
Income Statement
Quectel Wireless Solutions Co Ltd
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 |
3 366
N/A
|
3 694
+10%
|
4 130
+12%
|
4 420
+7%
|
4 919
+11%
|
5 483
+11%
|
6 106
+11%
|
6 932
+14%
|
7 924
+14%
|
9 374
+18%
|
11 262
+20%
|
12 464
+11%
|
13 635
+9%
|
13 922
+2%
|
14 230
+2%
|
14 309
+1%
|
14 053
-2%
|
14 061
+0%
|
|
Gross Profit | |||||||||||||||||||
Cost of Revenue |
(2 667)
|
(2 908)
|
(3 260)
|
(3 494)
|
(3 903)
|
(4 372)
|
(4 871)
|
(5 565)
|
(6 430)
|
(7 625)
|
(9 290)
|
(10 306)
|
(11 183)
|
(11 390)
|
(11 495)
|
(11 509)
|
(11 371)
|
(11 374)
|
|
Gross Profit |
699
N/A
|
787
+13%
|
870
+11%
|
926
+7%
|
1 016
+10%
|
1 111
+9%
|
1 235
+11%
|
1 368
+11%
|
1 495
+9%
|
1 749
+17%
|
1 972
+13%
|
2 158
+9%
|
2 452
+14%
|
2 532
+3%
|
2 735
+8%
|
2 801
+2%
|
2 682
-4%
|
2 687
+0%
|
|
Operating Income | |||||||||||||||||||
Operating Expenses |
(490)
|
(591)
|
(701)
|
(777)
|
(865)
|
(927)
|
(1 069)
|
(1 158)
|
(1 254)
|
(1 445)
|
(1 616)
|
(1 741)
|
(1 904)
|
(2 028)
|
(2 104)
|
(2 378)
|
(2 504)
|
(2 475)
|
|
Selling, General & Administrative |
(261)
|
(323)
|
(347)
|
(378)
|
(396)
|
(373)
|
(401)
|
(416)
|
(413)
|
(485)
|
(584)
|
(678)
|
(754)
|
(789)
|
(747)
|
(842)
|
(891)
|
(884)
|
|
Research & Development |
(230)
|
(278)
|
(332)
|
(423)
|
(493)
|
(576)
|
(638)
|
(790)
|
(888)
|
(1 008)
|
(894)
|
(1 098)
|
(1 161)
|
(1 229)
|
(1 178)
|
(1 498)
|
(1 585)
|
(1 593)
|
|
Depreciation & Amortization |
0
|
0
|
(34)
|
0
|
0
|
0
|
(79)
|
0
|
0
|
0
|
(164)
|
0
|
0
|
0
|
(204)
|
0
|
0
|
0
|
|
Other Operating Expenses |
1
|
10
|
12
|
24
|
24
|
22
|
49
|
47
|
47
|
48
|
26
|
35
|
11
|
(10)
|
24
|
(38)
|
(28)
|
2
|
|
Operating Income |
208
N/A
|
195
-6%
|
169
-14%
|
149
-12%
|
151
+1%
|
184
+22%
|
166
-10%
|
209
+26%
|
240
+15%
|
304
+27%
|
357
+17%
|
417
+17%
|
548
+32%
|
504
-8%
|
632
+25%
|
422
-33%
|
179
-58%
|
212
+19%
|
|
Pre-Tax Income | |||||||||||||||||||
Interest Income Expense |
(8)
|
(32)
|
(23)
|
(28)
|
(21)
|
(15)
|
8
|
4
|
12
|
(5)
|
4
|
2
|
(54)
|
46
|
(19)
|
(67)
|
43
|
(55)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
1
|
(2)
|
(0)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
0
|
0
|
7
|
7
|
7
|
5
|
(1)
|
1
|
2
|
1
|
1
|
(1)
|
(1)
|
3
|
1
|
1
|
(1)
|
|
Pre-Tax Income |
201
N/A
|
164
-18%
|
145
-11%
|
129
-11%
|
136
+6%
|
176
+29%
|
179
+2%
|
212
+19%
|
253
+19%
|
300
+19%
|
362
+20%
|
419
+16%
|
493
+18%
|
550
+11%
|
613
+12%
|
356
-42%
|
222
-38%
|
155
-30%
|
|
Net Income | |||||||||||||||||||
Tax Provision |
(5)
|
(0)
|
3
|
9
|
3
|
4
|
10
|
4
|
(0)
|
1
|
(3)
|
2
|
9
|
8
|
7
|
4
|
3
|
7
|
|
Income from Continuing Operations |
196
|
164
|
148
|
139
|
139
|
180
|
189
|
216
|
253
|
301
|
358
|
422
|
502
|
558
|
621
|
360
|
225
|
163
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
2
|
4
|
6
|
7
|
|
Net Income (Common) |
196
N/A
|
164
-16%
|
148
-10%
|
139
-6%
|
139
+1%
|
180
+29%
|
189
+5%
|
216
+14%
|
253
+17%
|
301
+19%
|
358
+19%
|
421
+18%
|
501
+19%
|
557
+11%
|
623
+12%
|
364
-42%
|
231
-37%
|
169
-27%
|
|
EPS (Diluted) |
1.87
N/A
|
1.17
-37%
|
1.24
+6%
|
0.99
-20%
|
1
+1%
|
1.29
+29%
|
1.36
+5%
|
1.55
+14%
|
1.32
-15%
|
1.55
+17%
|
1.37
-12%
|
2.24
+64%
|
2.63
+17%
|
2.1
-20%
|
2.36
+12%
|
1.37
-42%
|
0.88
-36%
|
0.67
-24%
|