Sanxiang Advanced Materials Co Ltd
SSE:603663
Income Statement
Earnings Waterfall
Sanxiang Advanced Materials Co Ltd
Revenue
|
1.1B
CNY
|
Cost of Revenue
|
-780.8m
CNY
|
Gross Profit
|
302m
CNY
|
Operating Expenses
|
-155.6m
CNY
|
Operating Income
|
146.4m
CNY
|
Other Expenses
|
-41m
CNY
|
Net Income
|
105.4m
CNY
|
Income Statement
Sanxiang Advanced Materials Co Ltd
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 |
277
N/A
|
271
-2%
|
270
0%
|
268
-1%
|
278
+4%
|
300
+8%
|
333
+11%
|
372
+12%
|
408
+10%
|
466
+14%
|
512
+10%
|
561
+10%
|
599
+7%
|
624
+4%
|
705
+13%
|
721
+2%
|
761
+6%
|
772
+1%
|
701
-9%
|
674
-4%
|
733
+9%
|
778
+6%
|
824
+6%
|
862
+5%
|
789
-8%
|
745
-6%
|
817
+10%
|
902
+10%
|
972
+8%
|
1 088
+12%
|
1 105
+2%
|
1 083
-2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||
Cost of Revenue |
(199)
|
(191)
|
(187)
|
(186)
|
(189)
|
(211)
|
(239)
|
(268)
|
(295)
|
(337)
|
(367)
|
(405)
|
(440)
|
(467)
|
(512)
|
(507)
|
(523)
|
(519)
|
(481)
|
(481)
|
(542)
|
(591)
|
(622)
|
(641)
|
(544)
|
(507)
|
(541)
|
(581)
|
(648)
|
(736)
|
(759)
|
(781)
|
|
Gross Profit |
78
N/A
|
80
+3%
|
83
+4%
|
82
-2%
|
89
+9%
|
90
+1%
|
94
+5%
|
104
+10%
|
113
+9%
|
129
+14%
|
145
+12%
|
156
+8%
|
158
+2%
|
156
-1%
|
193
+24%
|
214
+11%
|
238
+11%
|
253
+6%
|
220
-13%
|
192
-12%
|
191
-1%
|
188
-2%
|
202
+8%
|
220
+9%
|
245
+11%
|
238
-3%
|
276
+16%
|
321
+16%
|
324
+1%
|
352
+9%
|
346
-2%
|
302
-13%
|
|
Operating Income | |||||||||||||||||||||||||||||||||
Operating Expenses |
(41)
|
(41)
|
(43)
|
(40)
|
(46)
|
(45)
|
(47)
|
(52)
|
(52)
|
(54)
|
(59)
|
(63)
|
(73)
|
(68)
|
(79)
|
(87)
|
(98)
|
(105)
|
(97)
|
(93)
|
(88)
|
(81)
|
(85)
|
(91)
|
(101)
|
(96)
|
(103)
|
(116)
|
(124)
|
(139)
|
(146)
|
(156)
|
|
Selling, General & Administrative |
(30)
|
(38)
|
(39)
|
(40)
|
(34)
|
(47)
|
(50)
|
(52)
|
(38)
|
(54)
|
(52)
|
(52)
|
(56)
|
(50)
|
(63)
|
(67)
|
(69)
|
(81)
|
(74)
|
(74)
|
(62)
|
(62)
|
(61)
|
(66)
|
(69)
|
(73)
|
(75)
|
(78)
|
(69)
|
(74)
|
(75)
|
(70)
|
|
Research & Development |
(9)
|
(2)
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
(5)
|
(18)
|
(14)
|
(21)
|
(24)
|
(25)
|
(27)
|
(27)
|
(25)
|
(23)
|
(26)
|
(30)
|
(31)
|
(32)
|
(31)
|
(34)
|
(44)
|
(46)
|
(56)
|
(57)
|
(52)
|
|
Depreciation & Amortization |
(2)
|
(1)
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
|
Other Operating Expenses |
1
|
(1)
|
(4)
|
(0)
|
(0)
|
2
|
3
|
(1)
|
2
|
0
|
(8)
|
(7)
|
3
|
(4)
|
5
|
4
|
3
|
3
|
4
|
5
|
6
|
6
|
6
|
6
|
9
|
8
|
6
|
6
|
4
|
(10)
|
(14)
|
(34)
|
|
Operating Income |
37
N/A
|
39
+4%
|
40
+4%
|
41
+2%
|
43
+3%
|
45
+4%
|
47
+7%
|
52
+10%
|
62
+18%
|
75
+22%
|
85
+13%
|
92
+8%
|
85
-8%
|
88
+4%
|
114
+29%
|
127
+11%
|
140
+10%
|
148
+6%
|
123
-17%
|
100
-19%
|
103
+4%
|
107
+3%
|
117
+10%
|
129
+10%
|
144
+12%
|
142
-1%
|
173
+22%
|
205
+19%
|
200
-2%
|
213
+7%
|
200
-6%
|
146
-27%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||
Interest Income Expense |
(0)
|
1
|
1
|
3
|
1
|
2
|
3
|
2
|
4
|
3
|
3
|
4
|
3
|
2
|
(2)
|
(7)
|
(10)
|
(13)
|
(16)
|
(19)
|
(16)
|
(18)
|
(17)
|
(15)
|
(13)
|
(10)
|
(9)
|
(10)
|
(16)
|
(18)
|
(18)
|
(21)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
2
|
2
|
2
|
2
|
4
|
3
|
4
|
4
|
(1)
|
(1)
|
(3)
|
(4)
|
(2)
|
(3)
|
(2)
|
(1)
|
1
|
0
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(10)
|
(10)
|
(2)
|
(4)
|
4
|
3
|
(5)
|
(5)
|
|
Pre-Tax Income |
40
N/A
|
42
+6%
|
44
+5%
|
47
+5%
|
48
+2%
|
50
+5%
|
54
+9%
|
58
+7%
|
64
+11%
|
77
+20%
|
86
+12%
|
92
+7%
|
85
-8%
|
87
+3%
|
110
+26%
|
119
+8%
|
131
+10%
|
135
+3%
|
107
-21%
|
79
-26%
|
86
+8%
|
87
+1%
|
97
+13%
|
112
+15%
|
121
+7%
|
122
+1%
|
161
+32%
|
191
+18%
|
187
-2%
|
197
+6%
|
178
-10%
|
121
-32%
|
|
Net Income | |||||||||||||||||||||||||||||||||
Tax Provision |
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(12)
|
(13)
|
(14)
|
(12)
|
(14)
|
(20)
|
(23)
|
(24)
|
(24)
|
(17)
|
(11)
|
(11)
|
(9)
|
(9)
|
(10)
|
(14)
|
(14)
|
(20)
|
(25)
|
(20)
|
(21)
|
(13)
|
(4)
|
|
Income from Continuing Operations |
33
|
35
|
36
|
39
|
39
|
42
|
46
|
49
|
54
|
65
|
73
|
78
|
73
|
74
|
91
|
97
|
108
|
111
|
89
|
68
|
75
|
78
|
88
|
103
|
107
|
108
|
141
|
166
|
167
|
176
|
164
|
117
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(1)
|
(15)
|
(21)
|
(25)
|
(27)
|
(15)
|
(8)
|
(10)
|
(11)
|
(13)
|
(12)
|
(6)
|
0
|
(5)
|
(8)
|
(16)
|
(20)
|
(16)
|
(12)
|
|
Net Income (Common) |
33
N/A
|
35
+4%
|
36
+5%
|
39
+6%
|
39
+2%
|
42
+6%
|
46
+9%
|
49
+7%
|
54
+10%
|
65
+21%
|
73
+12%
|
78
+7%
|
74
-5%
|
72
-3%
|
76
+5%
|
75
-1%
|
83
+10%
|
84
+2%
|
75
-11%
|
60
-20%
|
65
+8%
|
67
+4%
|
76
+13%
|
91
+20%
|
100
+11%
|
108
+7%
|
136
+26%
|
158
+17%
|
151
-5%
|
156
+4%
|
148
-5%
|
105
-29%
|
|
EPS (Diluted) |
0.23
N/A
|
0.25
+9%
|
0.26
+4%
|
0.26
N/A
|
0.24
-8%
|
0.23
-4%
|
0.22
-4%
|
0.27
+23%
|
0.29
+7%
|
0.34
+17%
|
0.38
+12%
|
0.41
+8%
|
0.39
-5%
|
0.38
-3%
|
0.4
+5%
|
0.4
N/A
|
0.44
+10%
|
0.44
N/A
|
0.39
-11%
|
0.31
-21%
|
0.34
+10%
|
0.35
+3%
|
0.29
-17%
|
0.31
+7%
|
0.26
-16%
|
0.35
+35%
|
0.46
+31%
|
0.37
-20%
|
0.36
-3%
|
0.37
+3%
|
0.35
-5%
|
0.25
-29%
|