Trina Solar Co Ltd
SSE:688599
Income Statement
Earnings Waterfall
Trina Solar Co Ltd
Revenue
|
108B
CNY
|
Cost of Revenue
|
-91.1B
CNY
|
Gross Profit
|
16.8B
CNY
|
Operating Expenses
|
-10.4B
CNY
|
Operating Income
|
6.4B
CNY
|
Other Expenses
|
-70.2m
CNY
|
Net Income
|
6.4B
CNY
|
Income Statement
Trina Solar Co Ltd
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 |
29 418
N/A
|
32 437
+10%
|
37 060
+14%
|
40 756
+10%
|
44 480
+9%
|
51 230
+15%
|
60 024
+17%
|
71 414
+19%
|
85 052
+19%
|
91 098
+7%
|
98 705
+8%
|
107 973
+9%
|
|
Gross Profit | |||||||||||||
Cost of Revenue |
(24 876)
|
(27 813)
|
(31 731)
|
(35 225)
|
(38 310)
|
(44 054)
|
(51 732)
|
(61 713)
|
(74 126)
|
(78 238)
|
(84 146)
|
(91 137)
|
|
Gross Profit |
4 542
N/A
|
4 624
+2%
|
5 329
+15%
|
5 531
+4%
|
6 170
+12%
|
7 176
+16%
|
8 292
+16%
|
9 701
+17%
|
10 925
+13%
|
12 860
+18%
|
14 558
+13%
|
16 835
+16%
|
|
Operating Income | |||||||||||||
Operating Expenses |
(2 791)
|
(2 822)
|
(3 315)
|
(3 400)
|
(3 947)
|
(4 638)
|
(5 045)
|
(6 042)
|
(6 232)
|
(8 192)
|
(9 241)
|
(10 410)
|
|
Selling, General & Administrative |
(2 331)
|
(2 303)
|
(2 745)
|
(2 769)
|
(3 011)
|
(3 370)
|
(3 703)
|
(4 118)
|
(5 019)
|
(5 655)
|
(5 970)
|
(6 648)
|
|
Research & Development |
(326)
|
(355)
|
(502)
|
(664)
|
(725)
|
(1 124)
|
(1 213)
|
(1 215)
|
(1 000)
|
(1 322)
|
(1 414)
|
(1 548)
|
|
Depreciation & Amortization |
(147)
|
0
|
0
|
0
|
(334)
|
0
|
0
|
0
|
(388)
|
0
|
0
|
0
|
|
Other Operating Expenses |
13
|
(163)
|
(67)
|
33
|
123
|
(144)
|
(129)
|
(708)
|
175
|
(1 216)
|
(1 857)
|
(2 215)
|
|
Operating Income |
1 751
N/A
|
1 802
+3%
|
2 014
+12%
|
2 131
+6%
|
2 223
+4%
|
2 538
+14%
|
3 246
+28%
|
3 659
+13%
|
4 694
+28%
|
4 667
-1%
|
5 317
+14%
|
6 425
+21%
|
|
Pre-Tax Income | |||||||||||||
Interest Income Expense |
(68)
|
(138)
|
(199)
|
(59)
|
(82)
|
212
|
(138)
|
53
|
465
|
1 232
|
2 010
|
1 584
|
|
Non-Reccuring Items |
(250)
|
(121)
|
(84)
|
(147)
|
120
|
(87)
|
(157)
|
(153)
|
(1 082)
|
(188)
|
(119)
|
(60)
|
|
Gain/Loss on Disposition of Assets |
(27)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
1
|
(28)
|
(8)
|
13
|
16
|
17
|
18
|
(57)
|
(93)
|
(147)
|
(448)
|
(385)
|
|
Pre-Tax Income |
1 407
N/A
|
1 516
+8%
|
1 723
+14%
|
1 937
+12%
|
2 274
+17%
|
2 679
+18%
|
2 968
+11%
|
3 502
+18%
|
3 984
+14%
|
5 564
+40%
|
6 760
+21%
|
7 564
+12%
|
|
Net Income | |||||||||||||
Tax Provision |
(174)
|
(187)
|
(263)
|
(372)
|
(424)
|
(499)
|
(539)
|
(547)
|
(332)
|
(647)
|
(637)
|
(686)
|
|
Income from Continuing Operations |
1 233
|
1 329
|
1 460
|
1 566
|
1 850
|
2 180
|
2 429
|
2 955
|
3 653
|
4 917
|
6 123
|
6 878
|
|
Income to Minority Interest |
(4)
|
(22)
|
(18)
|
(12)
|
(46)
|
(63)
|
(61)
|
95
|
27
|
(12)
|
(172)
|
(523)
|
|
Net Income (Common) |
1 229
N/A
|
1 307
+6%
|
1 442
+10%
|
1 554
+8%
|
1 804
+16%
|
2 117
+17%
|
2 368
+12%
|
3 050
+29%
|
3 680
+21%
|
4 905
+33%
|
5 951
+21%
|
6 355
+7%
|
|
EPS (Diluted) |
0.64
N/A
|
0.63
-2%
|
0.71
+13%
|
0.75
+6%
|
0.87
+16%
|
1.02
+17%
|
1.06
+4%
|
1.43
+35%
|
1.71
+20%
|
2.26
+32%
|
2.74
+21%
|
2.52
-8%
|