Guangdong Songfa Ceramics Co Ltd
SSE:603268
Income Statement
Earnings Waterfall
Guangdong Songfa Ceramics Co Ltd
Revenue
|
231.1m
CNY
|
Cost of Revenue
|
-251.4m
CNY
|
Gross Profit
|
-20.4m
CNY
|
Operating Expenses
|
-97.9m
CNY
|
Operating Income
|
-118.3m
CNY
|
Other Expenses
|
-19.4m
CNY
|
Net Income
|
-137.7m
CNY
|
Income Statement
Guangdong Songfa Ceramics Co Ltd
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 |
307
N/A
|
303
-1%
|
303
+0%
|
296
-2%
|
291
-2%
|
264
-9%
|
274
+4%
|
275
+0%
|
351
+28%
|
392
+11%
|
439
+12%
|
527
+20%
|
568
+8%
|
606
+7%
|
614
+1%
|
607
-1%
|
591
-3%
|
594
+0%
|
591
0%
|
592
+0%
|
580
-2%
|
516
-11%
|
484
-6%
|
440
-9%
|
446
+1%
|
467
+5%
|
462
-1%
|
444
-4%
|
403
-9%
|
360
-11%
|
322
-11%
|
314
-2%
|
271
-14%
|
258
-5%
|
257
0%
|
231
-10%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(206)
|
(207)
|
(208)
|
(205)
|
(200)
|
(183)
|
(192)
|
(191)
|
(242)
|
(277)
|
(309)
|
(371)
|
(377)
|
(404)
|
(400)
|
(385)
|
(370)
|
(381)
|
(383)
|
(385)
|
(386)
|
(354)
|
(327)
|
(292)
|
(285)
|
(315)
|
(330)
|
(345)
|
(344)
|
(313)
|
(294)
|
(303)
|
(305)
|
(289)
|
(287)
|
(251)
|
|
Gross Profit |
101
N/A
|
96
-5%
|
95
-1%
|
91
-4%
|
91
-1%
|
81
-11%
|
82
+1%
|
83
+2%
|
109
+31%
|
115
+5%
|
130
+13%
|
157
+20%
|
191
+22%
|
202
+6%
|
214
+6%
|
222
+4%
|
222
0%
|
212
-4%
|
207
-2%
|
207
0%
|
195
-6%
|
162
-17%
|
157
-3%
|
148
-6%
|
162
+9%
|
152
-6%
|
132
-13%
|
99
-25%
|
59
-40%
|
47
-21%
|
29
-39%
|
11
-62%
|
(34)
N/A
|
(31)
+8%
|
(30)
+4%
|
(20)
+32%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||
Operating Expenses |
(44)
|
(42)
|
(43)
|
(47)
|
(51)
|
(50)
|
(53)
|
(52)
|
(66)
|
(74)
|
(75)
|
(89)
|
(113)
|
(109)
|
(124)
|
(133)
|
(144)
|
(143)
|
(144)
|
(141)
|
(133)
|
(118)
|
(107)
|
(102)
|
(111)
|
(112)
|
(110)
|
(107)
|
(115)
|
(363)
|
(362)
|
(391)
|
(86)
|
(129)
|
(127)
|
(98)
|
|
Selling, General & Administrative |
(29)
|
(41)
|
(43)
|
(45)
|
(39)
|
(50)
|
(53)
|
(55)
|
(55)
|
(76)
|
(69)
|
(76)
|
(89)
|
(96)
|
(118)
|
(127)
|
(103)
|
(116)
|
(107)
|
(102)
|
(89)
|
(91)
|
(84)
|
(83)
|
(73)
|
(83)
|
(83)
|
(80)
|
(82)
|
(91)
|
(94)
|
(91)
|
(66)
|
(74)
|
(72)
|
(72)
|
|
Research & Development |
(9)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
(9)
|
(17)
|
0
|
0
|
(6)
|
(30)
|
(24)
|
(32)
|
(33)
|
(28)
|
(28)
|
(25)
|
(24)
|
(24)
|
(26)
|
(26)
|
(26)
|
(19)
|
(19)
|
(16)
|
(12)
|
(8)
|
(7)
|
(6)
|
(6)
|
|
Depreciation & Amortization |
(6)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(0)
|
(1)
|
(0)
|
(2)
|
2
|
(0)
|
0
|
3
|
5
|
2
|
(5)
|
(4)
|
4
|
(14)
|
(6)
|
1
|
4
|
(4)
|
(5)
|
(6)
|
1
|
1
|
2
|
4
|
2
|
(2)
|
(2)
|
(2)
|
2
|
(253)
|
(252)
|
(289)
|
3
|
(48)
|
(49)
|
(20)
|
|
Operating Income |
57
N/A
|
55
-4%
|
52
-5%
|
44
-15%
|
40
-11%
|
31
-22%
|
29
-7%
|
31
+9%
|
43
+38%
|
41
-4%
|
56
+35%
|
68
+22%
|
78
+14%
|
93
+20%
|
90
-3%
|
90
0%
|
78
-14%
|
69
-11%
|
64
-8%
|
66
+3%
|
62
-5%
|
44
-29%
|
50
+14%
|
45
-10%
|
51
+12%
|
40
-21%
|
22
-46%
|
(9)
N/A
|
(56)
-548%
|
(316)
-464%
|
(334)
-6%
|
(380)
-14%
|
(120)
+68%
|
(160)
-33%
|
(157)
+2%
|
(118)
+25%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(4)
|
(4)
|
(2)
|
3
|
5
|
9
|
11
|
8
|
4
|
6
|
1
|
(6)
|
(16)
|
(20)
|
(18)
|
(14)
|
(17)
|
(12)
|
(14)
|
(13)
|
(14)
|
(13)
|
(15)
|
(22)
|
(25)
|
(26)
|
(25)
|
(21)
|
(15)
|
(19)
|
(16)
|
(11)
|
(13)
|
(13)
|
(16)
|
(21)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(250)
|
(0)
|
(0)
|
(0)
|
(41)
|
(0)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
(0)
|
0
|
0
|
0
|
(4)
|
0
|
(4)
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
Total Other Income |
6
|
4
|
3
|
4
|
4
|
1
|
6
|
1
|
3
|
0
|
2
|
1
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(3)
|
(2)
|
1
|
1
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(2)
|
(1)
|
(2)
|
|
Pre-Tax Income |
58
N/A
|
54
-7%
|
53
-3%
|
51
-3%
|
45
-12%
|
41
-9%
|
41
+1%
|
40
-4%
|
49
+23%
|
47
-3%
|
57
+20%
|
61
+7%
|
63
+3%
|
74
+18%
|
72
-3%
|
74
+3%
|
58
-21%
|
56
-4%
|
46
-17%
|
50
+9%
|
46
-10%
|
29
-35%
|
36
+22%
|
24
-33%
|
22
-7%
|
13
-44%
|
(5)
N/A
|
(32)
-486%
|
(322)
-903%
|
(336)
-4%
|
(351)
-4%
|
(393)
-12%
|
(176)
+55%
|
(175)
+0%
|
(174)
+1%
|
(141)
+19%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||
Tax Provision |
(10)
|
(8)
|
(8)
|
(6)
|
(8)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
(10)
|
(7)
|
(7)
|
(7)
|
(5)
|
(3)
|
(3)
|
(1)
|
(3)
|
2
|
3
|
3
|
7
|
4
|
4
|
4
|
5
|
(0)
|
0
|
2
|
1
|
4
|
4
|
3
|
3
|
|
Income from Continuing Operations |
49
|
47
|
45
|
45
|
37
|
34
|
34
|
32
|
40
|
39
|
47
|
51
|
56
|
67
|
65
|
69
|
55
|
53
|
45
|
48
|
48
|
33
|
40
|
31
|
26
|
16
|
(1)
|
(27)
|
(322)
|
(336)
|
(349)
|
(391)
|
(171)
|
(171)
|
(171)
|
(138)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(4)
|
(6)
|
(10)
|
(16)
|
(18)
|
(19)
|
(17)
|
(15)
|
(14)
|
(16)
|
(19)
|
(20)
|
(24)
|
(25)
|
(25)
|
(18)
|
(8)
|
(0)
|
13
|
13
|
10
|
8
|
1
|
0
|
0
|
0
|
|
Net Income (Common) |
49
N/A
|
47
-4%
|
45
-3%
|
45
+0%
|
37
-19%
|
34
-9%
|
34
+0%
|
32
-5%
|
39
+22%
|
37
-6%
|
43
+17%
|
45
+3%
|
46
+2%
|
51
+11%
|
47
-8%
|
50
+7%
|
38
-24%
|
38
N/A
|
30
-19%
|
31
+3%
|
28
-9%
|
12
-57%
|
16
+28%
|
6
-63%
|
2
-73%
|
(1)
N/A
|
(10)
-705%
|
(28)
-185%
|
(309)
-1 022%
|
(323)
-5%
|
(339)
-5%
|
(383)
-13%
|
(171)
+56%
|
(171)
0%
|
(171)
+0%
|
(138)
+19%
|