
Hunan Fangsheng Pharmaceutical Co Ltd
SSE:603998

Income Statement
Earnings Waterfall
Hunan Fangsheng Pharmaceutical Co Ltd
Revenue
|
1.8B
CNY
|
Cost of Revenue
|
-541.1m
CNY
|
Gross Profit
|
1.2B
CNY
|
Operating Expenses
|
-970.2m
CNY
|
Operating Income
|
250.3m
CNY
|
Other Expenses
|
22.7m
CNY
|
Net Income
|
273m
CNY
|
Income Statement
Hunan Fangsheng Pharmaceutical Co Ltd
Sep-2014 | 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 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
5
|
0
|
0
|
4
|
5
|
5
|
7
|
8
|
11
|
14
|
15
|
12
|
17
|
16
|
16
|
18
|
18
|
21
|
24
|
29
|
23
|
19
|
20
|
18
|
21
|
24
|
23
|
22
|
|
Revenue |
416
N/A
|
416
0%
|
446
+7%
|
445
0%
|
460
+3%
|
469
+2%
|
464
-1%
|
458
-1%
|
470
+3%
|
534
+14%
|
567
+6%
|
634
+12%
|
706
+11%
|
721
+2%
|
837
+16%
|
919
+10%
|
1 000
+9%
|
1 051
+5%
|
1 041
-1%
|
1 078
+4%
|
1 073
0%
|
1 094
+2%
|
1 120
+2%
|
1 134
+1%
|
1 199
+6%
|
1 279
+7%
|
1 351
+6%
|
1 425
+5%
|
1 466
+3%
|
1 567
+7%
|
1 653
+5%
|
1 710
+3%
|
1 812
+6%
|
1 792
-1%
|
1 806
+1%
|
1 774
-2%
|
1 649
-7%
|
1 629
-1%
|
1 630
+0%
|
1 684
+3%
|
1 762
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(231)
|
(219)
|
(231)
|
(217)
|
(216)
|
(207)
|
(210)
|
(211)
|
(224)
|
(271)
|
(293)
|
(322)
|
(342)
|
(289)
|
(312)
|
(300)
|
(291)
|
(274)
|
(292)
|
(303)
|
(301)
|
(300)
|
(357)
|
(387)
|
(434)
|
(464)
|
(507)
|
(537)
|
(562)
|
(564)
|
(605)
|
(614)
|
(633)
|
(587)
|
(613)
|
(589)
|
(545)
|
(520)
|
(526)
|
(535)
|
(541)
|
|
Gross Profit |
185
N/A
|
197
+6%
|
215
+9%
|
229
+7%
|
244
+7%
|
262
+7%
|
255
-3%
|
246
-3%
|
245
0%
|
263
+7%
|
275
+4%
|
312
+14%
|
364
+17%
|
432
+18%
|
525
+22%
|
618
+18%
|
709
+15%
|
777
+10%
|
749
-4%
|
775
+3%
|
772
0%
|
794
+3%
|
763
-4%
|
747
-2%
|
766
+2%
|
814
+6%
|
845
+4%
|
888
+5%
|
905
+2%
|
1 003
+11%
|
1 048
+4%
|
1 096
+5%
|
1 179
+8%
|
1 205
+2%
|
1 193
-1%
|
1 184
-1%
|
1 105
-7%
|
1 108
+0%
|
1 104
0%
|
1 149
+4%
|
1 221
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(88)
|
(104)
|
(112)
|
(125)
|
(140)
|
(167)
|
(166)
|
(172)
|
(174)
|
(184)
|
(188)
|
(212)
|
(248)
|
(348)
|
(438)
|
(531)
|
(639)
|
(675)
|
(644)
|
(676)
|
(673)
|
(682)
|
(681)
|
(660)
|
(667)
|
(705)
|
(730)
|
(779)
|
(798)
|
(865)
|
(910)
|
(944)
|
(1 021)
|
(1 020)
|
(984)
|
(966)
|
(879)
|
(908)
|
(892)
|
(915)
|
(970)
|
|
Selling, General & Administrative |
(87)
|
(82)
|
(108)
|
(122)
|
(138)
|
(137)
|
(166)
|
(173)
|
(174)
|
(154)
|
(186)
|
(210)
|
(244)
|
(312)
|
(435)
|
(531)
|
(626)
|
(621)
|
(620)
|
(646)
|
(649)
|
(644)
|
(648)
|
(622)
|
(635)
|
(629)
|
(691)
|
(737)
|
(749)
|
(779)
|
(866)
|
(914)
|
(988)
|
(949)
|
(952)
|
(918)
|
(826)
|
(804)
|
(823)
|
(828)
|
(861)
|
|
Research & Development |
0
|
(12)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
(11)
|
(39)
|
(30)
|
(39)
|
(42)
|
(37)
|
(45)
|
(48)
|
(46)
|
(48)
|
(56)
|
(55)
|
(54)
|
(45)
|
(58)
|
(62)
|
(67)
|
(60)
|
(71)
|
(75)
|
(79)
|
(92)
|
(116)
|
(132)
|
(154)
|
|
Depreciation & Amortization |
0
|
(10)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
(58)
|
0
|
0
|
0
|
(55)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
(0)
|
(4)
|
(4)
|
(2)
|
(0)
|
1
|
1
|
(0)
|
1
|
(2)
|
(2)
|
(4)
|
7
|
(3)
|
(0)
|
(2)
|
11
|
7
|
9
|
17
|
32
|
11
|
10
|
15
|
20
|
17
|
12
|
4
|
17
|
14
|
32
|
34
|
44
|
39
|
27
|
26
|
38
|
47
|
45
|
45
|
|
Operating Income |
97
N/A
|
93
-4%
|
103
+11%
|
103
+0%
|
105
+1%
|
95
-9%
|
89
-6%
|
75
-16%
|
71
-5%
|
79
+11%
|
87
+10%
|
100
+16%
|
116
+16%
|
84
-28%
|
87
+4%
|
88
+1%
|
70
-20%
|
102
+46%
|
105
+3%
|
99
-6%
|
99
N/A
|
113
+14%
|
82
-28%
|
87
+7%
|
99
+13%
|
110
+11%
|
115
+5%
|
109
-6%
|
106
-2%
|
139
+31%
|
137
-1%
|
152
+11%
|
158
+4%
|
184
+17%
|
209
+13%
|
219
+5%
|
225
+3%
|
200
-11%
|
212
+6%
|
233
+10%
|
250
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
2
|
3
|
5
|
5
|
14
|
13
|
17
|
16
|
3
|
1
|
(6)
|
(9)
|
(8)
|
(1)
|
(3)
|
(3)
|
(10)
|
(11)
|
1
|
2
|
(12)
|
5
|
(15)
|
(19)
|
(33)
|
(32)
|
(23)
|
(22)
|
(18)
|
(31)
|
(44)
|
137
|
(20)
|
152
|
172
|
(10)
|
(15)
|
(13)
|
(17)
|
23
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
2
|
(5)
|
0
|
0
|
(2)
|
(21)
|
1
|
1
|
(0)
|
168
|
(2)
|
(2)
|
(1)
|
12
|
12
|
13
|
13
|
|
Gain/Loss on Disposition of Assets |
0
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
Total Other Income |
6
|
6
|
6
|
1
|
4
|
7
|
7
|
12
|
9
|
5
|
4
|
5
|
4
|
0
|
1
|
(3)
|
(4)
|
1
|
(1)
|
0
|
0
|
(2)
|
(2)
|
(3)
|
(5)
|
(3)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(10)
|
(8)
|
(5)
|
4
|
(2)
|
(1)
|
7
|
(1)
|
8
|
9
|
|
Pre-Tax Income |
104
N/A
|
101
-3%
|
112
+11%
|
109
-3%
|
114
+5%
|
115
+1%
|
107
-7%
|
101
-6%
|
94
-6%
|
89
-6%
|
92
+3%
|
99
+8%
|
111
+12%
|
80
-28%
|
86
+7%
|
81
-6%
|
63
-22%
|
92
+45%
|
94
+2%
|
100
+7%
|
101
+1%
|
95
-7%
|
84
-12%
|
69
-17%
|
77
+12%
|
69
-11%
|
79
+14%
|
81
+3%
|
76
-6%
|
91
+19%
|
98
+8%
|
100
+2%
|
286
+187%
|
327
+14%
|
363
+11%
|
386
+6%
|
213
-45%
|
203
-5%
|
210
+3%
|
237
+13%
|
295
+24%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(15)
|
(16)
|
(15)
|
(16)
|
(18)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(16)
|
(19)
|
(16)
|
(17)
|
(16)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(16)
|
(15)
|
(13)
|
(15)
|
(15)
|
(17)
|
(17)
|
(16)
|
(21)
|
(20)
|
(24)
|
(38)
|
(50)
|
(55)
|
(52)
|
(37)
|
(24)
|
(25)
|
(28)
|
(28)
|
|
Income from Continuing Operations |
88
|
86
|
95
|
93
|
98
|
97
|
90
|
85
|
79
|
73
|
77
|
83
|
92
|
65
|
70
|
66
|
51
|
80
|
81
|
86
|
87
|
79
|
69
|
57
|
63
|
54
|
62
|
64
|
60
|
70
|
78
|
75
|
248
|
277
|
308
|
333
|
176
|
180
|
185
|
209
|
266
|
|
Income to Minority Interest |
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(6)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(5)
|
(5)
|
(0)
|
6
|
7
|
6
|
10
|
6
|
4
|
6
|
0
|
3
|
16
|
20
|
9
|
7
|
(4)
|
(8)
|
7
|
8
|
8
|
7
|
|
Net Income (Common) |
84
N/A
|
81
-4%
|
89
+10%
|
86
-3%
|
91
+5%
|
91
+0%
|
86
-5%
|
81
-6%
|
75
-7%
|
70
-7%
|
72
+3%
|
78
+9%
|
88
+13%
|
60
-32%
|
65
+9%
|
60
-8%
|
45
-24%
|
73
+62%
|
74
+1%
|
81
+10%
|
83
+2%
|
79
-4%
|
75
-5%
|
63
-15%
|
69
+9%
|
64
-7%
|
68
+6%
|
68
+0%
|
66
-3%
|
70
+7%
|
81
+15%
|
91
+13%
|
267
+194%
|
286
+7%
|
315
+10%
|
329
+4%
|
168
-49%
|
187
+11%
|
193
+3%
|
217
+12%
|
273
+26%
|
|
EPS (Diluted) |
0.27
N/A
|
0.19
-30%
|
0.2
+5%
|
0.22
+10%
|
0.21
-5%
|
0.21
N/A
|
0.2
-5%
|
0.19
-5%
|
0.17
-11%
|
0.16
-6%
|
0.16
N/A
|
0.18
+13%
|
0.21
+17%
|
0.14
-33%
|
0.16
+14%
|
0.14
-13%
|
0.1
-29%
|
0.17
+70%
|
0.17
N/A
|
0.19
+12%
|
0.2
+5%
|
0.18
-10%
|
0.18
N/A
|
0.15
-17%
|
0.16
+7%
|
0.15
-6%
|
0.15
N/A
|
0.15
N/A
|
0.15
N/A
|
0.16
+7%
|
0.19
+19%
|
0.21
+11%
|
0.61
+190%
|
0.67
+10%
|
0.73
+9%
|
0.76
+4%
|
0.36
-53%
|
0.42
+17%
|
0.44
+5%
|
0.5
+14%
|
0.59
+18%
|