Red Avenue New Materials Group Co Ltd
SSE:603650
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
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%
|