Ningbo Ronbay New Energy Technology Co Ltd
SSE:688005
Income Statement
Earnings Waterfall
Ningbo Ronbay New Energy Technology Co Ltd
Revenue
|
22.7B
CNY
|
Cost of Revenue
|
-21B
CNY
|
Gross Profit
|
1.7B
CNY
|
Operating Expenses
|
-819.5m
CNY
|
Operating Income
|
871.5m
CNY
|
Other Expenses
|
-290.6m
CNY
|
Net Income
|
580.9m
CNY
|
Income Statement
Ningbo Ronbay New Energy Technology 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 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
3 041
N/A
|
3 286
+8%
|
3 656
+11%
|
4 069
+11%
|
4 190
+3%
|
4 015
-4%
|
3 473
-14%
|
3 438
-1%
|
3 795
+10%
|
4 536
+20%
|
6 155
+36%
|
7 700
+25%
|
10 259
+33%
|
14 033
+37%
|
18 220
+30%
|
23 288
+28%
|
30 123
+29%
|
33 323
+11%
|
31 464
-6%
|
29 417
-7%
|
22 657
-23%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(2 544)
|
(2 798)
|
(3 149)
|
(3 517)
|
(3 647)
|
(3 452)
|
(3 018)
|
(3 000)
|
(3 341)
|
(3 947)
|
(5 332)
|
(6 620)
|
(8 687)
|
(12 003)
|
(15 707)
|
(20 724)
|
(27 367)
|
(30 578)
|
(29 217)
|
(27 017)
|
(20 966)
|
|
Gross Profit |
497
N/A
|
488
-2%
|
507
+4%
|
552
+9%
|
543
-2%
|
563
+4%
|
455
-19%
|
437
-4%
|
454
+4%
|
589
+30%
|
823
+40%
|
1 080
+31%
|
1 572
+46%
|
2 031
+29%
|
2 513
+24%
|
2 564
+2%
|
2 755
+7%
|
2 745
0%
|
2 247
-18%
|
2 400
+7%
|
1 691
-30%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(260)
|
(256)
|
(256)
|
(291)
|
(435)
|
(449)
|
(418)
|
(387)
|
(236)
|
(257)
|
(291)
|
(388)
|
(620)
|
(796)
|
(1 003)
|
(1 033)
|
(1 110)
|
(920)
|
(800)
|
(852)
|
(820)
|
|
Selling, General & Administrative |
(140)
|
(99)
|
(104)
|
(128)
|
(275)
|
(265)
|
(248)
|
(239)
|
(76)
|
(100)
|
(99)
|
(133)
|
(234)
|
(315)
|
(464)
|
(492)
|
(528)
|
(522)
|
(447)
|
(496)
|
(453)
|
|
Research & Development |
(117)
|
(127)
|
(144)
|
(169)
|
(155)
|
(171)
|
(145)
|
(122)
|
(127)
|
(162)
|
(201)
|
(265)
|
(325)
|
(505)
|
(553)
|
(553)
|
(450)
|
(341)
|
(300)
|
(307)
|
(308)
|
|
Depreciation & Amortization |
(10)
|
(3)
|
(5)
|
0
|
(22)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
(88)
|
0
|
0
|
0
|
(107)
|
|
Other Operating Expenses |
7
|
(27)
|
(2)
|
6
|
17
|
(13)
|
(26)
|
(26)
|
2
|
5
|
9
|
10
|
(7)
|
24
|
14
|
12
|
(44)
|
(57)
|
(54)
|
(49)
|
49
|
|
Operating Income |
238
N/A
|
231
-3%
|
252
+9%
|
260
+3%
|
108
-59%
|
114
+6%
|
37
-68%
|
51
+39%
|
218
+330%
|
333
+53%
|
533
+60%
|
692
+30%
|
951
+38%
|
1 235
+30%
|
1 510
+22%
|
1 531
+1%
|
1 646
+7%
|
1 825
+11%
|
1 447
-21%
|
1 549
+7%
|
872
-44%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
(2)
|
(6)
|
(14)
|
(24)
|
(7)
|
(12)
|
(5)
|
13
|
39
|
29
|
32
|
47
|
72
|
(6)
|
(33)
|
(94)
|
(3)
|
(180)
|
(203)
|
(206)
|
(114)
|
|
Non-Reccuring Items |
(2)
|
(0)
|
(1)
|
(1)
|
(2)
|
(7)
|
0
|
(7)
|
(6)
|
(2)
|
(2)
|
(2)
|
(9)
|
(2)
|
(2)
|
(0)
|
(28)
|
0
|
(0)
|
(0)
|
(14)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
1
|
0
|
0
|
1
|
(1)
|
(2)
|
(3)
|
(4)
|
(18)
|
(16)
|
(14)
|
(12)
|
(2)
|
(3)
|
(3)
|
(6)
|
(32)
|
(35)
|
(14)
|
(12)
|
29
|
|
Pre-Tax Income |
235
N/A
|
225
-4%
|
237
+5%
|
236
0%
|
97
-59%
|
93
-4%
|
29
-69%
|
53
+85%
|
233
+340%
|
344
+47%
|
549
+60%
|
725
+32%
|
1 013
+40%
|
1 224
+21%
|
1 473
+20%
|
1 431
-3%
|
1 583
+11%
|
1 610
+2%
|
1 230
-24%
|
1 331
+8%
|
773
-42%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
(24)
|
(22)
|
(24)
|
(22)
|
(10)
|
(11)
|
(4)
|
(14)
|
(24)
|
(40)
|
(73)
|
(79)
|
(104)
|
(144)
|
(150)
|
(151)
|
(208)
|
(210)
|
(194)
|
(232)
|
(146)
|
|
Income from Continuing Operations |
211
|
203
|
213
|
214
|
86
|
82
|
25
|
39
|
209
|
304
|
477
|
646
|
908
|
1 080
|
1 323
|
1 280
|
1 374
|
1 400
|
1 035
|
1 099
|
628
|
|
Income to Minority Interest |
2
|
1
|
1
|
3
|
1
|
1
|
2
|
3
|
4
|
4
|
3
|
2
|
3
|
4
|
3
|
0
|
(21)
|
(29)
|
(39)
|
(48)
|
(47)
|
|
Net Income (Common) |
213
N/A
|
204
-4%
|
214
+5%
|
217
+1%
|
87
-60%
|
83
-5%
|
27
-68%
|
42
+55%
|
213
+410%
|
308
+44%
|
480
+56%
|
648
+35%
|
911
+41%
|
1 084
+19%
|
1 326
+22%
|
1 280
-3%
|
1 353
+6%
|
1 372
+1%
|
997
-27%
|
1 051
+5%
|
581
-45%
|
|
EPS (Diluted) |
0.56
N/A
|
0.52
-7%
|
0.53
+2%
|
0.48
-9%
|
0.21
-56%
|
0.18
-14%
|
0.07
-61%
|
0.1
+43%
|
0.48
+380%
|
0.69
+44%
|
1.07
+55%
|
1.45
+36%
|
2.01
+39%
|
2.41
+20%
|
2.84
+18%
|
2.84
N/A
|
2.97
+5%
|
3.07
+3%
|
2.2
-28%
|
2.31
+5%
|
1.27
-45%
|