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Red Avenue New Materials Group Co Ltd
SSE:603650

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Red Avenue New Materials Group Co Ltd
SSE:603650
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Price: 29.35 CNY -4.99% Market Closed
Updated: May 5, 2024

Income Statement

Earnings Waterfall
Red Avenue New Materials Group Co Ltd

Revenue
2.8B CNY
Cost of Revenue
-2.2B CNY
Gross Profit
670.4m CNY
Operating Expenses
-440.1m CNY
Operating Income
230.3m CNY
Other Expenses
177.4m CNY
Net Income
407.7m CNY

Income Statement
Red Avenue New Materials Group Co Ltd

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Income Statement
Currency: CNY
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
2 175
N/A
2 188
+1%
2 219
+1%
2 183
-2%
2 208
+1%
2 150
-3%
2 025
-6%
2 070
+2%
2 046
-1%
2 163
+6%
2 275
+5%
2 260
-1%
2 320
+3%
2 306
-1%
2 313
+0%
2 441
+6%
2 500
+2%
2 594
+4%
2 693
+4%
2 849
+6%
Gross Profit
Cost of Revenue
(1 388)
(1 442)
(1 444)
(1 423)
(1 442)
(1 436)
(1 386)
(1 415)
(1 360)
(1 426)
(1 527)
(1 583)
(1 745)
(1 789)
(1 830)
(1 921)
(1 906)
(1 988)
(2 052)
(2 178)
Gross Profit
787
N/A
746
-5%
775
+4%
760
-2%
766
+1%
714
-7%
638
-11%
655
+3%
686
+5%
737
+8%
748
+1%
676
-10%
575
-15%
517
-10%
482
-7%
519
+8%
594
+14%
606
+2%
641
+6%
670
+5%
Operating Income
Operating Expenses
(308)
(297)
(314)
(328)
(328)
(433)
(407)
(398)
(311)
(359)
(407)
(429)
(328)
(364)
(337)
(344)
(338)
(403)
(430)
(440)
Selling, General & Administrative
(205)
(216)
(227)
(230)
(212)
(224)
(215)
(212)
(218)
(243)
(276)
(291)
(230)
(233)
(201)
(207)
(231)
(255)
(272)
(271)
Research & Development
(89)
(94)
(100)
(102)
(81)
(93)
(78)
(74)
(79)
(86)
(103)
(117)
(126)
(156)
(158)
(164)
(130)
(163)
(170)
(177)
Depreciation & Amortization
(18)
0
0
0
(34)
0
0
0
(20)
0
0
0
(43)
0
0
0
(54)
0
0
0
Other Operating Expenses
4
13
13
3
(2)
(116)
(114)
(112)
5
(29)
(28)
(21)
71
25
22
27
77
15
12
7
Operating Income
480
N/A
449
-6%
460
+3%
432
-6%
438
+1%
281
-36%
232
-18%
257
+11%
374
+46%
379
+1%
342
-10%
247
-28%
247
0%
153
-38%
145
-5%
175
+21%
257
+46%
203
-21%
211
+4%
230
+9%
Pre-Tax Income
Interest Income Expense
14
15
14
20
49
46
81
116
133
187
171
121
66
66
131
135
59
128
128
183
Non-Reccuring Items
(0)
0
0
(1)
(124)
0
(0)
(1)
(38)
5
23
24
21
18
(12)
(12)
(13)
(20)
(8)
(8)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
(0)
0
(0)
0
(0)
0
0
0
Total Other Income
3
14
14
17
14
3
3
3
(2)
(2)
(1)
(1)
1
1
1
1
4
4
5
5
Pre-Tax Income
497
N/A
479
-4%
489
+2%
467
-4%
378
-19%
330
-13%
316
-4%
375
+19%
467
+24%
569
+22%
534
-6%
391
-27%
335
-14%
238
-29%
265
+11%
299
+13%
306
+2%
314
+3%
335
+7%
411
+22%
Net Income
Tax Provision
(85)
(78)
(73)
(60)
(58)
(46)
(40)
(38)
(41)
(60)
(61)
(43)
(25)
(8)
(14)
(25)
(25)
(22)
(13)
(13)
Income from Continuing Operations
412
400
416
408
320
284
276
338
427
509
472
348
310
231
251
273
281
292
322
398
Income to Minority Interest
1
4
9
10
10
8
2
(6)
(16)
(16)
(5)
9
17
22
22
18
17
17
15
10
Net Income (Common)
412
N/A
405
-2%
425
+5%
418
-2%
331
-21%
292
-12%
277
-5%
332
+20%
411
+24%
492
+20%
468
-5%
357
-24%
327
-9%
253
-22%
273
+8%
291
+6%
298
+2%
309
+4%
337
+9%
408
+21%
EPS (Diluted)
0.74
N/A
0.71
-4%
0.72
+1%
0.71
-1%
0.56
-21%
0.49
-13%
0.47
-4%
0.56
+19%
0.7
+25%
0.84
+20%
0.8
-5%
0.61
-24%
0.55
-10%
0.43
-22%
0.46
+7%
0.48
+4%
0.49
+2%
0.51
+4%
0.56
+10%
0.68
+21%

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