Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
Income Statement
Earnings Waterfall
Foshan Haitian Flavouring and Food Co Ltd
Revenue
|
25.2B
CNY
|
Cost of Revenue
|
-16.5B
CNY
|
Gross Profit
|
8.6B
CNY
|
Operating Expenses
|
-2.4B
CNY
|
Operating Income
|
6.2B
CNY
|
Other Expenses
|
-335.1m
CNY
|
Net Income
|
5.9B
CNY
|
Income Statement
Foshan Haitian Flavouring and Food 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
8 402
N/A
|
8 725
+4%
|
9 026
+3%
|
9 393
+4%
|
9 817
+5%
|
10 214
+4%
|
10 436
+2%
|
10 662
+2%
|
11 294
+6%
|
11 526
+2%
|
11 817
+3%
|
12 132
+3%
|
12 459
+3%
|
13 045
+5%
|
13 727
+5%
|
14 344
+4%
|
14 584
+2%
|
15 268
+5%
|
15 867
+4%
|
16 450
+4%
|
17 034
+4%
|
17 830
+5%
|
18 474
+4%
|
19 147
+4%
|
19 797
+3%
|
20 191
+2%
|
21 232
+5%
|
22 059
+4%
|
22 792
+3%
|
24 066
+6%
|
23 529
-2%
|
23 700
+1%
|
25 004
+6%
|
25 056
+0%
|
26 204
+5%
|
26 104
0%
|
25 610
-2%
|
25 381
-1%
|
25 043
-1%
|
25 166
+0%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 106)
|
(5 332)
|
(5 462)
|
(5 672)
|
(5 850)
|
(6 062)
|
(6 147)
|
(6 233)
|
(6 561)
|
(6 778)
|
(6 949)
|
(7 043)
|
(6 984)
|
(7 445)
|
(7 789)
|
(8 097)
|
(7 921)
|
(8 380)
|
(8 611)
|
(8 976)
|
(9 119)
|
(9 795)
|
(10 306)
|
(10 743)
|
(10 814)
|
(11 209)
|
(12 029)
|
(12 651)
|
(13 181)
|
(14 430)
|
(14 246)
|
(14 514)
|
(15 337)
|
(15 780)
|
(16 653)
|
(16 739)
|
(16 473)
|
(16 624)
|
(16 403)
|
(16 524)
|
|
Gross Profit |
3 296
N/A
|
3 393
+3%
|
3 564
+5%
|
3 721
+4%
|
3 967
+7%
|
4 151
+5%
|
4 290
+3%
|
4 430
+3%
|
4 734
+7%
|
4 748
+0%
|
4 868
+3%
|
5 089
+5%
|
5 474
+8%
|
5 600
+2%
|
5 938
+6%
|
6 248
+5%
|
6 664
+7%
|
6 888
+3%
|
7 256
+5%
|
7 475
+3%
|
7 915
+6%
|
8 036
+2%
|
8 169
+2%
|
8 405
+3%
|
8 983
+7%
|
8 982
0%
|
9 203
+2%
|
9 408
+2%
|
9 611
+2%
|
9 636
+0%
|
9 284
-4%
|
9 186
-1%
|
9 667
+5%
|
9 276
-4%
|
9 551
+3%
|
9 365
-2%
|
9 137
-2%
|
8 757
-4%
|
8 640
-1%
|
8 641
+0%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 415)
|
(1 370)
|
(1 409)
|
(1 462)
|
(1 611)
|
(1 661)
|
(1 662)
|
(1 732)
|
(1 864)
|
(1 788)
|
(1 804)
|
(1 982)
|
(2 206)
|
(2 173)
|
(2 380)
|
(2 529)
|
(2 679)
|
(2 653)
|
(2 813)
|
(2 913)
|
(3 118)
|
(2 966)
|
(2 853)
|
(2 866)
|
(3 108)
|
(2 920)
|
(2 768)
|
(2 670)
|
(2 531)
|
(2 179)
|
(2 178)
|
(2 109)
|
(2 607)
|
(2 355)
|
(2 465)
|
(2 390)
|
(2 644)
|
(2 441)
|
(2 457)
|
(2 447)
|
|
Selling, General & Administrative |
(1 119)
|
(1 371)
|
(1 409)
|
(1 462)
|
(1 297)
|
(1 661)
|
(1 662)
|
(1 732)
|
(1 535)
|
(1 789)
|
(1 804)
|
(1 982)
|
(1 853)
|
(2 173)
|
(2 402)
|
(2 411)
|
(2 296)
|
(2 473)
|
(2 616)
|
(2 688)
|
(2 645)
|
(2 652)
|
(2 429)
|
(2 442)
|
(2 616)
|
(2 419)
|
(2 230)
|
(2 158)
|
(1 906)
|
(1 529)
|
(1 560)
|
(1 424)
|
(1 919)
|
(1 751)
|
(1 782)
|
(1 754)
|
(1 972)
|
(1 809)
|
(1 862)
|
(1 863)
|
|
Research & Development |
(285)
|
0
|
0
|
0
|
(301)
|
0
|
0
|
0
|
(315)
|
0
|
0
|
0
|
(333)
|
0
|
0
|
(143)
|
(402)
|
0
|
0
|
(272)
|
(481)
|
(382)
|
(527)
|
(497)
|
(578)
|
(605)
|
(623)
|
(655)
|
(696)
|
(777)
|
(742)
|
(749)
|
(753)
|
(748)
|
(825)
|
(786)
|
(725)
|
(761)
|
(720)
|
(706)
|
|
Depreciation & Amortization |
(11)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
(72)
|
0
|
0
|
0
|
(84)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
22
|
25
|
43
|
(180)
|
(197)
|
46
|
46
|
69
|
103
|
74
|
122
|
104
|
84
|
142
|
120
|
127
|
124
|
64
|
136
|
143
|
142
|
150
|
137
|
129
|
125
|
123
|
|
Operating Income |
1 880
N/A
|
2 023
+8%
|
2 155
+7%
|
2 259
+5%
|
2 356
+4%
|
2 490
+6%
|
2 628
+6%
|
2 698
+3%
|
2 869
+6%
|
2 959
+3%
|
3 064
+4%
|
3 108
+1%
|
3 269
+5%
|
3 426
+5%
|
3 559
+4%
|
3 719
+5%
|
3 984
+7%
|
4 235
+6%
|
4 443
+5%
|
4 561
+3%
|
4 797
+5%
|
5 069
+6%
|
5 315
+5%
|
5 539
+4%
|
5 874
+6%
|
6 062
+3%
|
6 434
+6%
|
6 738
+5%
|
7 080
+5%
|
7 457
+5%
|
7 106
-5%
|
7 077
0%
|
7 060
0%
|
6 921
-2%
|
7 086
+2%
|
6 975
-2%
|
6 493
-7%
|
6 316
-3%
|
6 183
-2%
|
6 194
+0%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
16
|
17
|
21
|
33
|
49
|
63
|
99
|
109
|
120
|
129
|
116
|
119
|
133
|
164
|
194
|
232
|
226
|
257
|
286
|
374
|
447
|
512
|
547
|
528
|
526
|
506
|
528
|
526
|
569
|
587
|
635
|
671
|
759
|
734
|
807
|
853
|
874
|
912
|
865
|
803
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
1
|
1
|
(1)
|
(1)
|
(3)
|
(6)
|
(23)
|
0
|
(21)
|
(18)
|
(0)
|
(3)
|
(5)
|
(5)
|
(5)
|
(1)
|
1
|
1
|
1
|
1
|
(15)
|
1
|
1
|
(0)
|
|
Gain/Loss on Disposition of Assets |
61
|
(2)
|
(2)
|
0
|
60
|
(2)
|
(2)
|
(3)
|
0
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
0
|
(1)
|
0
|
(1)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
18
|
141
|
92
|
96
|
27
|
31
|
14
|
16
|
23
|
20
|
20
|
20
|
12
|
18
|
14
|
9
|
4
|
0
|
3
|
4
|
(1)
|
(18)
|
(18)
|
(19)
|
(1)
|
(8)
|
(6)
|
0
|
(1)
|
19
|
17
|
3
|
1
|
(13)
|
(2)
|
8
|
12
|
12
|
(2)
|
(1)
|
|
Pre-Tax Income |
1 976
N/A
|
2 179
+10%
|
2 266
+4%
|
2 386
+5%
|
2 492
+4%
|
2 582
+4%
|
2 739
+6%
|
2 821
+3%
|
3 011
+7%
|
3 107
+3%
|
3 200
+3%
|
3 246
+1%
|
3 413
+5%
|
3 608
+6%
|
3 767
+4%
|
3 960
+5%
|
4 215
+6%
|
4 492
+7%
|
4 732
+5%
|
4 939
+4%
|
5 223
+6%
|
5 558
+6%
|
5 820
+5%
|
6 047
+4%
|
6 377
+5%
|
6 542
+3%
|
6 955
+6%
|
7 261
+4%
|
7 642
+5%
|
8 057
+5%
|
7 753
-4%
|
7 750
0%
|
7 821
+1%
|
7 642
-2%
|
7 893
+3%
|
7 837
-1%
|
7 364
-6%
|
7 241
-2%
|
7 048
-3%
|
6 996
-1%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(369)
|
(407)
|
(428)
|
(452)
|
(402)
|
(393)
|
(409)
|
(422)
|
(502)
|
(521)
|
(539)
|
(539)
|
(570)
|
(599)
|
(588)
|
(618)
|
(684)
|
(733)
|
(773)
|
(813)
|
(856)
|
(917)
|
(951)
|
(976)
|
(1 021)
|
(1 049)
|
(1 095)
|
(1 165)
|
(1 233)
|
(1 306)
|
(1 245)
|
(1 208)
|
(1 149)
|
(1 096)
|
(1 182)
|
(1 204)
|
(1 161)
|
(1 145)
|
(1 136)
|
(1 126)
|
|
Income from Continuing Operations |
1 606
|
1 772
|
1 838
|
1 934
|
2 090
|
2 189
|
2 330
|
2 399
|
2 510
|
2 586
|
2 661
|
2 708
|
2 843
|
3 009
|
3 179
|
3 342
|
3 531
|
3 759
|
3 959
|
4 126
|
4 367
|
4 641
|
4 869
|
5 071
|
5 356
|
5 493
|
5 861
|
6 096
|
6 409
|
6 751
|
6 508
|
6 542
|
6 671
|
6 546
|
6 711
|
6 633
|
6 203
|
6 096
|
5 912
|
5 870
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(6)
|
(7)
|
(5)
|
(2)
|
(1)
|
0
|
1
|
(3)
|
(5)
|
(12)
|
(12)
|
(11)
|
|
Net Income (Common) |
1 606
N/A
|
1 772
+10%
|
1 838
+4%
|
1 934
+5%
|
2 090
+8%
|
2 190
+5%
|
2 330
+6%
|
2 399
+3%
|
2 510
+5%
|
2 586
+3%
|
2 661
+3%
|
2 708
+2%
|
2 843
+5%
|
3 010
+6%
|
3 180
+6%
|
3 343
+5%
|
3 531
+6%
|
3 757
+6%
|
3 956
+5%
|
4 124
+4%
|
4 365
+6%
|
4 639
+6%
|
4 867
+5%
|
5 069
+4%
|
5 353
+6%
|
5 489
+3%
|
5 856
+7%
|
6 089
+4%
|
6 403
+5%
|
6 744
+5%
|
6 503
-4%
|
6 539
+1%
|
6 671
+2%
|
6 546
-2%
|
6 711
+3%
|
6 630
-1%
|
6 198
-7%
|
6 084
-2%
|
5 901
-3%
|
5 859
-1%
|
|
EPS (Diluted) |
0.4
N/A
|
0.44
+10%
|
0.53
+20%
|
0.48
-9%
|
0.5
+4%
|
0.28
-44%
|
0.55
+96%
|
0.57
+4%
|
0.6
+5%
|
0.61
+2%
|
0.63
+3%
|
0.64
+2%
|
0.68
+6%
|
0.71
+4%
|
0.75
+6%
|
0.79
+5%
|
0.84
+6%
|
0.9
+7%
|
0.95
+6%
|
0.99
+4%
|
1.04
+5%
|
1.1
+6%
|
1.15
+5%
|
1.2
+4%
|
1.27
+6%
|
1.3
+2%
|
1.39
+7%
|
1.44
+4%
|
1.52
+6%
|
1.59
+5%
|
1.27
-20%
|
1.41
+11%
|
1.09
-23%
|
1.41
+29%
|
1.59
+13%
|
1.21
-24%
|
1.12
-7%
|
1.09
-3%
|
1.06
-3%
|
1.05
-1%
|