Lafang China Co Ltd
SSE:603630
Income Statement
Earnings Waterfall
Lafang China Co Ltd
Revenue
|
878m
CNY
|
Cost of Revenue
|
-462.5m
CNY
|
Gross Profit
|
415.5m
CNY
|
Operating Expenses
|
-338.2m
CNY
|
Operating Income
|
77.3m
CNY
|
Other Expenses
|
-4.3m
CNY
|
Net Income
|
73m
CNY
|
Income Statement
Lafang China Co Ltd
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 |
1 049
N/A
|
1 053
+0%
|
992
-6%
|
1 039
+5%
|
981
-6%
|
967
-1%
|
993
+3%
|
970
-2%
|
964
-1%
|
1 009
+5%
|
980
-3%
|
951
-3%
|
965
+1%
|
866
-10%
|
911
+5%
|
922
+1%
|
984
+7%
|
1 062
+8%
|
1 086
+2%
|
1 097
+1%
|
1 101
+0%
|
1 057
-4%
|
993
-6%
|
960
-3%
|
887
-8%
|
880
-1%
|
862
-2%
|
878
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(428)
|
(433)
|
(402)
|
(432)
|
(394)
|
(404)
|
(410)
|
(393)
|
(387)
|
(401)
|
(406)
|
(417)
|
(447)
|
(419)
|
(447)
|
(452)
|
(517)
|
(544)
|
(554)
|
(567)
|
(520)
|
(508)
|
(484)
|
(480)
|
(474)
|
(484)
|
(473)
|
(462)
|
|
Gross Profit |
621
N/A
|
620
0%
|
590
-5%
|
606
+3%
|
588
-3%
|
563
-4%
|
583
+3%
|
576
-1%
|
577
+0%
|
608
+5%
|
574
-6%
|
534
-7%
|
518
-3%
|
447
-14%
|
464
+4%
|
469
+1%
|
467
-1%
|
517
+11%
|
532
+3%
|
530
0%
|
581
+10%
|
548
-6%
|
509
-7%
|
480
-6%
|
414
-14%
|
396
-4%
|
389
-2%
|
416
+7%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(464)
|
(458)
|
(443)
|
(455)
|
(455)
|
(427)
|
(425)
|
(420)
|
(466)
|
(494)
|
(504)
|
(513)
|
(507)
|
(471)
|
(446)
|
(421)
|
(416)
|
(465)
|
(548)
|
(578)
|
(601)
|
(595)
|
(515)
|
(472)
|
(388)
|
(338)
|
(317)
|
(338)
|
|
Selling, General & Administrative |
(428)
|
(456)
|
(442)
|
(454)
|
(422)
|
(431)
|
(424)
|
(412)
|
(433)
|
(458)
|
(462)
|
(470)
|
(471)
|
(414)
|
(385)
|
(354)
|
(382)
|
(424)
|
(505)
|
(539)
|
(563)
|
(544)
|
(468)
|
(425)
|
(350)
|
(293)
|
(271)
|
(293)
|
|
Research & Development |
(36)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
(9)
|
(33)
|
(25)
|
(35)
|
(35)
|
(37)
|
(36)
|
(35)
|
(37)
|
(35)
|
(36)
|
(37)
|
(35)
|
(33)
|
(36)
|
(34)
|
(33)
|
(23)
|
(32)
|
(34)
|
(34)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(0)
|
(2)
|
(1)
|
(1)
|
2
|
3
|
(0)
|
0
|
2
|
(11)
|
(7)
|
(7)
|
2
|
(21)
|
(26)
|
(30)
|
1
|
(5)
|
(6)
|
(4)
|
4
|
(15)
|
(13)
|
(13)
|
2
|
(13)
|
(12)
|
(11)
|
|
Operating Income |
158
N/A
|
162
+3%
|
147
-9%
|
151
+3%
|
133
-12%
|
136
+2%
|
158
+16%
|
156
-1%
|
111
-29%
|
114
+3%
|
70
-39%
|
21
-69%
|
11
-50%
|
(24)
N/A
|
18
N/A
|
48
+172%
|
50
+5%
|
53
+5%
|
(16)
N/A
|
(48)
-206%
|
(20)
+59%
|
(47)
-133%
|
(7)
+86%
|
9
N/A
|
26
+194%
|
59
+129%
|
72
+22%
|
77
+7%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
7
|
7
|
11
|
16
|
19
|
27
|
32
|
39
|
39
|
35
|
36
|
34
|
45
|
47
|
43
|
42
|
75
|
74
|
133
|
135
|
89
|
86
|
70
|
62
|
47
|
46
|
(1)
|
2
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(0)
|
(1)
|
(1)
|
(12)
|
(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
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
10
|
10
|
9
|
9
|
8
|
11
|
2
|
2
|
4
|
6
|
6
|
9
|
3
|
(2)
|
(4)
|
(8)
|
(1)
|
(2)
|
1
|
3
|
(2)
|
(2)
|
(4)
|
(3)
|
1
|
1
|
2
|
0
|
|
Pre-Tax Income |
174
N/A
|
179
+3%
|
168
-6%
|
176
+5%
|
159
-9%
|
174
+9%
|
192
+11%
|
197
+3%
|
154
-22%
|
155
+0%
|
112
-28%
|
65
-42%
|
55
-15%
|
20
-64%
|
57
+185%
|
82
+45%
|
124
+50%
|
125
+1%
|
119
-5%
|
89
-25%
|
61
-31%
|
38
-39%
|
59
+56%
|
67
+14%
|
61
-9%
|
105
+72%
|
73
-31%
|
80
+10%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(25)
|
(25)
|
(25)
|
(30)
|
(21)
|
(25)
|
(24)
|
(26)
|
(26)
|
(24)
|
(20)
|
(10)
|
(5)
|
(0)
|
(8)
|
(10)
|
(11)
|
(12)
|
(2)
|
0
|
(5)
|
(1)
|
(6)
|
(6)
|
(3)
|
(8)
|
(9)
|
(12)
|
|
Income from Continuing Operations |
150
|
154
|
142
|
146
|
138
|
149
|
169
|
171
|
128
|
130
|
92
|
54
|
50
|
20
|
49
|
73
|
113
|
113
|
117
|
89
|
57
|
36
|
52
|
61
|
58
|
97
|
63
|
68
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
1
|
2
|
4
|
5
|
5
|
8
|
12
|
13
|
10
|
8
|
1
|
2
|
5
|
5
|
|
Net Income (Common) |
150
N/A
|
154
+3%
|
142
-8%
|
146
+2%
|
138
-5%
|
149
+8%
|
169
+13%
|
172
+2%
|
127
-26%
|
129
+2%
|
91
-29%
|
53
-42%
|
50
-6%
|
19
-62%
|
50
+167%
|
74
+49%
|
117
+57%
|
118
+1%
|
122
+4%
|
97
-20%
|
69
-29%
|
50
-28%
|
62
+25%
|
69
+11%
|
59
-14%
|
98
+66%
|
68
-31%
|
73
+7%
|
|
EPS (Diluted) |
0.88
N/A
|
0.91
+3%
|
0.62
-32%
|
0.64
+3%
|
0.65
+2%
|
0.66
+2%
|
0.75
+14%
|
0.77
+3%
|
0.57
-26%
|
0.58
+2%
|
0.41
-29%
|
0.24
-41%
|
0.22
-8%
|
0.08
-64%
|
0.22
+175%
|
0.32
+45%
|
0.52
+63%
|
0.51
-2%
|
0.53
+4%
|
0.42
-21%
|
0.31
-26%
|
0.22
-29%
|
0.27
+23%
|
0.3
+11%
|
0.26
-13%
|
0.43
+65%
|
0.3
-30%
|
0.33
+10%
|