Ningbo Gaofa Automotive Control System Co Ltd
SSE:603788
Income Statement
Earnings Waterfall
Ningbo Gaofa Automotive Control System Co Ltd
Revenue
|
1.2B
CNY
|
Cost of Revenue
|
-900.9m
CNY
|
Gross Profit
|
260.7m
CNY
|
Operating Expenses
|
-137.3m
CNY
|
Operating Income
|
123.4m
CNY
|
Other Expenses
|
2.4m
CNY
|
Net Income
|
125.9m
CNY
|
Income Statement
Ningbo Gaofa Automotive Control System Co Ltd
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 |
579
N/A
|
605
+4%
|
640
+6%
|
651
+2%
|
668
+3%
|
702
+5%
|
726
+3%
|
772
+6%
|
861
+11%
|
961
+12%
|
1 047
+9%
|
1 119
+7%
|
1 208
+8%
|
1 293
+7%
|
1 356
+5%
|
1 366
+1%
|
1 289
-6%
|
1 127
-13%
|
988
-12%
|
929
-6%
|
944
+2%
|
892
-6%
|
898
+1%
|
910
+1%
|
891
-2%
|
939
+5%
|
972
+3%
|
967
0%
|
942
-3%
|
968
+3%
|
955
-1%
|
995
+4%
|
1 037
+4%
|
1 042
+0%
|
1 096
+5%
|
1 162
+6%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(399)
|
(421)
|
(449)
|
(461)
|
(465)
|
(493)
|
(503)
|
(530)
|
(581)
|
(653)
|
(709)
|
(753)
|
(798)
|
(865)
|
(910)
|
(921)
|
(855)
|
(756)
|
(664)
|
(623)
|
(630)
|
(610)
|
(615)
|
(624)
|
(632)
|
(676)
|
(706)
|
(714)
|
(697)
|
(732)
|
(733)
|
(774)
|
(799)
|
(813)
|
(856)
|
(901)
|
|
Gross Profit |
180
N/A
|
184
+2%
|
191
+4%
|
190
-1%
|
204
+7%
|
209
+2%
|
223
+7%
|
243
+9%
|
280
+15%
|
308
+10%
|
338
+10%
|
366
+8%
|
410
+12%
|
429
+5%
|
446
+4%
|
445
0%
|
434
-2%
|
371
-15%
|
324
-13%
|
306
-5%
|
314
+3%
|
282
-10%
|
284
+1%
|
286
+1%
|
259
-9%
|
263
+2%
|
266
+1%
|
253
-5%
|
245
-3%
|
236
-4%
|
222
-6%
|
221
0%
|
238
+8%
|
229
-4%
|
240
+5%
|
261
+9%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||
Operating Expenses |
(67)
|
(66)
|
(72)
|
(74)
|
(83)
|
(84)
|
(90)
|
(99)
|
(117)
|
(119)
|
(128)
|
(135)
|
(157)
|
(152)
|
(156)
|
(171)
|
(176)
|
(201)
|
(187)
|
(162)
|
(143)
|
(121)
|
(125)
|
(129)
|
(95)
|
(92)
|
(93)
|
(92)
|
(123)
|
(121)
|
(125)
|
(133)
|
(136)
|
(133)
|
(134)
|
(137)
|
|
Selling, General & Administrative |
(45)
|
(64)
|
(70)
|
(73)
|
(56)
|
(82)
|
(88)
|
(97)
|
(84)
|
(115)
|
(123)
|
(97)
|
(108)
|
(95)
|
(96)
|
(122)
|
(127)
|
(110)
|
(95)
|
(86)
|
(108)
|
(93)
|
(90)
|
(92)
|
(57)
|
(55)
|
(57)
|
(52)
|
(74)
|
(71)
|
(73)
|
(79)
|
(80)
|
(78)
|
(79)
|
(80)
|
|
Research & Development |
(20)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(30)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
(28)
|
(52)
|
(36)
|
(45)
|
(40)
|
(38)
|
(39)
|
(41)
|
(43)
|
(39)
|
(42)
|
(43)
|
(47)
|
(49)
|
(54)
|
(55)
|
(56)
|
(51)
|
(57)
|
(57)
|
(59)
|
|
Depreciation & Amortization |
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(0)
|
(2)
|
(3)
|
(1)
|
(0)
|
(2)
|
(3)
|
(3)
|
(0)
|
(4)
|
(4)
|
(38)
|
3
|
(58)
|
(60)
|
(22)
|
9
|
(55)
|
(47)
|
(37)
|
9
|
11
|
6
|
6
|
5
|
5
|
7
|
7
|
5
|
4
|
3
|
2
|
4
|
2
|
2
|
2
|
|
Operating Income |
113
N/A
|
118
+4%
|
119
+1%
|
116
-2%
|
121
+4%
|
125
+3%
|
133
+6%
|
144
+8%
|
163
+13%
|
189
+16%
|
211
+12%
|
231
+10%
|
253
+9%
|
276
+9%
|
291
+5%
|
275
-6%
|
259
-6%
|
170
-34%
|
138
-19%
|
144
+5%
|
172
+19%
|
161
-6%
|
158
-2%
|
157
-1%
|
164
+5%
|
172
+5%
|
173
+0%
|
161
-7%
|
122
-24%
|
115
-6%
|
96
-16%
|
88
-9%
|
102
+17%
|
96
-7%
|
106
+11%
|
123
+16%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
1
|
4
|
8
|
10
|
10
|
9
|
8
|
8
|
6
|
5
|
7
|
15
|
21
|
35
|
42
|
33
|
38
|
34
|
41
|
45
|
49
|
48
|
44
|
44
|
42
|
42
|
43
|
44
|
41
|
39
|
31
|
27
|
26
|
25
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
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
|
0
|
0
|
0
|
0
|
|
Total Other Income |
2
|
1
|
1
|
2
|
3
|
10
|
10
|
13
|
13
|
13
|
19
|
16
|
13
|
7
|
5
|
6
|
1
|
(0)
|
(5)
|
(6)
|
0
|
(0)
|
1
|
1
|
0
|
0
|
0
|
(0)
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Pre-Tax Income |
112
N/A
|
116
+4%
|
121
+4%
|
121
+0%
|
131
+8%
|
145
+10%
|
152
+5%
|
166
+9%
|
183
+11%
|
209
+14%
|
235
+12%
|
252
+7%
|
273
+8%
|
298
+9%
|
317
+6%
|
316
0%
|
249
-21%
|
202
-19%
|
170
-16%
|
171
+1%
|
212
+24%
|
206
-3%
|
208
+1%
|
207
-1%
|
208
+1%
|
216
+4%
|
214
-1%
|
202
-6%
|
166
-18%
|
160
-4%
|
138
-13%
|
128
-8%
|
134
+5%
|
124
-8%
|
133
+8%
|
149
+11%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(17)
|
(11)
|
(8)
|
(19)
|
(21)
|
(22)
|
(24)
|
(26)
|
(29)
|
(32)
|
(34)
|
(37)
|
(41)
|
(44)
|
(44)
|
(32)
|
(24)
|
(21)
|
(22)
|
(34)
|
(34)
|
(33)
|
(33)
|
(29)
|
(30)
|
(29)
|
(28)
|
(21)
|
(20)
|
(15)
|
(13)
|
(20)
|
(18)
|
(20)
|
(23)
|
|
Income from Continuing Operations |
96
|
100
|
110
|
113
|
112
|
124
|
130
|
142
|
158
|
180
|
203
|
218
|
236
|
257
|
273
|
272
|
218
|
178
|
149
|
149
|
179
|
172
|
175
|
174
|
179
|
186
|
186
|
175
|
145
|
140
|
123
|
115
|
115
|
106
|
113
|
126
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
96
N/A
|
100
+4%
|
110
+10%
|
113
+3%
|
112
-1%
|
124
+10%
|
130
+5%
|
142
+9%
|
157
+11%
|
179
+14%
|
200
+12%
|
215
+7%
|
233
+9%
|
255
+9%
|
271
+6%
|
270
0%
|
215
-20%
|
175
-18%
|
148
-16%
|
149
+1%
|
178
+20%
|
172
-4%
|
174
+1%
|
173
-1%
|
179
+4%
|
186
+4%
|
186
0%
|
175
-6%
|
145
-17%
|
140
-4%
|
123
-12%
|
115
-6%
|
115
0%
|
106
-8%
|
113
+7%
|
126
+11%
|
|
EPS (Diluted) |
0.67
N/A
|
0.55
-18%
|
0.57
+4%
|
0.59
+4%
|
0.59
N/A
|
0.65
+10%
|
0.68
+5%
|
0.74
+9%
|
0.81
+9%
|
0.92
+14%
|
1.03
+12%
|
1.01
-2%
|
1.13
+12%
|
1.11
-2%
|
1.17
+5%
|
1.18
+1%
|
0.94
-20%
|
0.76
-19%
|
0.64
-16%
|
0.64
N/A
|
0.78
+22%
|
0.75
-4%
|
0.77
+3%
|
0.78
+1%
|
0.8
+3%
|
0.84
+5%
|
0.83
-1%
|
0.78
-6%
|
0.65
-17%
|
0.63
-3%
|
0.55
-13%
|
0.52
-5%
|
0.52
N/A
|
0.47
-10%
|
0.51
+9%
|
0.56
+10%
|