Midea Group Co Ltd
SZSE:000333
Income Statement
Earnings Waterfall
Midea Group Co Ltd
Revenue
|
373.7B
CNY
|
Cost of Revenue
|
-273.8B
CNY
|
Gross Profit
|
99.9B
CNY
|
Operating Expenses
|
-62.9B
CNY
|
Operating Income
|
37B
CNY
|
Other Expenses
|
-3.3B
CNY
|
Net Income
|
33.7B
CNY
|
Income Statement
Midea Group Co Ltd
Dec-2013 | Mar-2014 | Jun-2014 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
121 407
N/A
|
128 326
+6%
|
133 067
+4%
|
137 075
+3%
|
142 311
+4%
|
146 352
+3%
|
147 478
+1%
|
144 756
-2%
|
139 347
-4%
|
135 373
-3%
|
134 480
-1%
|
144 391
+7%
|
159 842
+11%
|
181 231
+13%
|
206 798
+14%
|
230 529
+11%
|
241 919
+5%
|
252 218
+4%
|
260 691
+3%
|
261 559
+0%
|
261 820
+0%
|
267 032
+2%
|
272 416
+2%
|
276 188
+1%
|
279 381
+1%
|
262 235
-6%
|
264 766
+1%
|
275 359
+4%
|
285 710
+4%
|
310 371
+9%
|
320 838
+3%
|
330 899
+3%
|
343 361
+4%
|
351 283
+2%
|
352 177
+0%
|
352 193
+0%
|
345 709
-2%
|
351 406
+2%
|
359 841
+2%
|
366 313
+2%
|
373 710
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(93 775)
|
(98 348)
|
(100 513)
|
(103 572)
|
(106 212)
|
(109 382)
|
(109 669)
|
(107 839)
|
(103 346)
|
(99 983)
|
(98 969)
|
(105 715)
|
(116 166)
|
(135 058)
|
(155 511)
|
(173 111)
|
(180 756)
|
(189 315)
|
(193 056)
|
(192 349)
|
(188 617)
|
(191 996)
|
(194 555)
|
(196 969)
|
(198 359)
|
(189 088)
|
(194 651)
|
(204 902)
|
(213 307)
|
(234 653)
|
(244 437)
|
(251 676)
|
(265 073)
|
(273 061)
|
(273 180)
|
(273 567)
|
(261 044)
|
(264 958)
|
(269 241)
|
(271 664)
|
(273 842)
|
|
Gross Profit |
27 632
N/A
|
29 979
+8%
|
32 555
+9%
|
33 503
+3%
|
36 099
+8%
|
36 970
+2%
|
37 809
+2%
|
36 918
-2%
|
36 001
-2%
|
35 390
-2%
|
35 511
+0%
|
38 676
+9%
|
43 676
+13%
|
46 173
+6%
|
51 287
+11%
|
57 417
+12%
|
61 163
+7%
|
62 902
+3%
|
67 634
+8%
|
69 210
+2%
|
73 202
+6%
|
75 036
+3%
|
77 861
+4%
|
79 220
+2%
|
81 021
+2%
|
73 147
-10%
|
70 115
-4%
|
70 455
+0%
|
72 402
+3%
|
75 717
+5%
|
76 400
+1%
|
79 223
+4%
|
78 287
-1%
|
78 221
0%
|
78 998
+1%
|
78 626
0%
|
84 664
+8%
|
86 448
+2%
|
90 600
+5%
|
94 649
+4%
|
99 868
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(19 288)
|
(20 007)
|
(21 138)
|
(21 347)
|
(23 425)
|
(24 109)
|
(24 125)
|
(23 662)
|
(23 166)
|
(21 885)
|
(21 506)
|
(23 598)
|
(28 830)
|
(30 803)
|
(34 350)
|
(38 709)
|
(41 973)
|
(41 702)
|
(45 480)
|
(46 590)
|
(49 638)
|
(50 897)
|
(52 202)
|
(52 651)
|
(54 567)
|
(49 417)
|
(46 878)
|
(46 267)
|
(47 480)
|
(48 975)
|
(50 837)
|
(53 518)
|
(51 851)
|
(51 025)
|
(50 219)
|
(47 847)
|
(53 237)
|
(53 799)
|
(55 827)
|
(58 389)
|
(62 887)
|
|
Selling, General & Administrative |
(19 165)
|
(19 730)
|
(20 846)
|
(21 181)
|
(23 199)
|
(23 871)
|
(23 850)
|
(23 482)
|
(23 107)
|
(21 911)
|
(21 526)
|
(23 469)
|
(28 517)
|
(30 657)
|
(34 662)
|
(37 578)
|
(43 118)
|
(40 964)
|
(44 625)
|
(45 061)
|
(42 465)
|
(45 109)
|
(44 248)
|
(44 712)
|
(45 960)
|
(40 257)
|
(37 615)
|
(37 250)
|
(38 620)
|
(39 280)
|
(40 487)
|
(42 005)
|
(40 908)
|
(39 454)
|
(38 492)
|
(36 712)
|
(42 403)
|
(42 136)
|
(43 995)
|
(46 199)
|
(50 409)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 783)
|
0
|
0
|
0
|
(2 450)
|
(8 377)
|
(6 684)
|
(9 013)
|
(9 023)
|
(9 638)
|
(9 511)
|
(9 515)
|
(9 360)
|
(10 119)
|
(10 561)
|
(11 023)
|
(12 168)
|
(12 015)
|
(12 422)
|
(12 565)
|
(12 166)
|
(12 619)
|
(12 974)
|
(13 364)
|
(13 716)
|
(14 583)
|
|
Other Operating Expenses |
(122)
|
(277)
|
(291)
|
(165)
|
(225)
|
(239)
|
(276)
|
(181)
|
(59)
|
25
|
20
|
(129)
|
(312)
|
(146)
|
311
|
652
|
1 145
|
(738)
|
(855)
|
921
|
1 205
|
897
|
1 060
|
1 083
|
1 031
|
351
|
252
|
344
|
1 258
|
866
|
672
|
655
|
1 071
|
851
|
838
|
1 031
|
1 784
|
1 311
|
1 533
|
1 526
|
2 105
|
|
Operating Income |
8 344
N/A
|
9 972
+20%
|
11 417
+14%
|
12 156
+6%
|
12 674
+4%
|
12 860
+1%
|
13 682
+6%
|
13 254
-3%
|
12 835
-3%
|
13 503
+5%
|
14 004
+4%
|
15 077
+8%
|
14 846
-2%
|
15 369
+4%
|
16 936
+10%
|
18 708
+10%
|
19 190
+3%
|
21 201
+10%
|
22 156
+5%
|
22 621
+2%
|
23 565
+4%
|
24 141
+2%
|
25 660
+6%
|
26 570
+4%
|
26 454
0%
|
23 732
-10%
|
23 239
-2%
|
24 191
+4%
|
24 922
+3%
|
26 742
+7%
|
25 563
-4%
|
25 704
+1%
|
26 436
+3%
|
27 196
+3%
|
28 778
+6%
|
30 779
+7%
|
31 427
+2%
|
32 649
+4%
|
34 773
+7%
|
36 260
+4%
|
36 981
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
980
|
500
|
720
|
832
|
796
|
1 553
|
1 646
|
1 894
|
2 082
|
1 765
|
2 084
|
2 024
|
2 596
|
2 854
|
2 158
|
1 696
|
1 119
|
351
|
1 428
|
2 215
|
2 034
|
2 381
|
2 433
|
2 394
|
3 921
|
3 890
|
4 149
|
5 394
|
6 929
|
6 727
|
7 177
|
6 955
|
6 822
|
6 925
|
5 578
|
4 093
|
3 457
|
3 439
|
3 421
|
3 698
|
3 476
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(118)
|
(119)
|
632
|
632
|
1 319
|
2 065
|
1 308
|
1 325
|
(35)
|
(28)
|
(29)
|
(67)
|
(692)
|
(121)
|
(129)
|
(134)
|
(358)
|
(64)
|
(68)
|
34
|
23
|
64
|
95
|
(3)
|
(120)
|
(56)
|
(70)
|
(78)
|
(139)
|
|
Gain/Loss on Disposition of Assets |
0
|
(90)
|
0
|
(137)
|
(217)
|
(196)
|
(247)
|
(233)
|
(234)
|
(272)
|
(238)
|
(211)
|
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 |
688
|
736
|
901
|
864
|
749
|
747
|
919
|
1 332
|
1 369
|
1 627
|
1 622
|
1 370
|
1 591
|
1 400
|
618
|
379
|
227
|
(562)
|
(251)
|
(220)
|
209
|
210
|
205
|
307
|
246
|
240
|
176
|
71
|
170
|
186
|
219
|
364
|
436
|
436
|
474
|
391
|
193
|
174
|
106
|
(26)
|
(40)
|
|
Pre-Tax Income |
10 012
N/A
|
11 119
+11%
|
13 038
+17%
|
13 715
+5%
|
13 991
+2%
|
14 964
+7%
|
16 000
+7%
|
16 247
+2%
|
16 051
-1%
|
16 624
+4%
|
17 472
+5%
|
18 261
+5%
|
18 915
+4%
|
19 504
+3%
|
20 344
+4%
|
21 413
+5%
|
21 855
+2%
|
23 053
+5%
|
24 641
+7%
|
25 939
+5%
|
25 773
-1%
|
26 703
+4%
|
28 269
+6%
|
29 203
+3%
|
29 929
+2%
|
27 741
-7%
|
27 435
-1%
|
29 523
+8%
|
31 664
+7%
|
33 593
+6%
|
32 893
-2%
|
33 059
+1%
|
33 718
+2%
|
34 621
+3%
|
34 926
+1%
|
35 259
+1%
|
34 956
-1%
|
36 206
+4%
|
38 230
+6%
|
39 855
+4%
|
40 277
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 714)
|
(1 905)
|
(2 264)
|
(2 332)
|
(2 344)
|
(2 527)
|
(2 622)
|
(2 611)
|
(2 427)
|
(2 484)
|
(2 566)
|
(2 714)
|
(3 053)
|
(3 123)
|
(3 165)
|
(3 202)
|
(3 244)
|
(3 483)
|
(3 800)
|
(4 340)
|
(4 123)
|
(4 157)
|
(4 337)
|
(4 282)
|
(4 652)
|
(4 194)
|
(4 151)
|
(4 412)
|
(4 157)
|
(4 327)
|
(4 236)
|
(4 052)
|
(4 702)
|
(4 946)
|
(5 005)
|
(5 243)
|
(5 146)
|
(5 478)
|
(6 014)
|
(6 451)
|
(6 532)
|
|
Income from Continuing Operations |
8 298
|
9 214
|
10 774
|
11 383
|
11 646
|
12 437
|
13 378
|
13 636
|
13 625
|
14 141
|
14 907
|
15 548
|
15 862
|
16 381
|
17 179
|
18 211
|
18 611
|
19 571
|
20 843
|
21 601
|
21 650
|
22 546
|
23 931
|
24 920
|
25 277
|
23 546
|
23 284
|
25 111
|
27 507
|
29 266
|
28 656
|
29 005
|
29 015
|
29 675
|
29 921
|
30 016
|
29 810
|
30 727
|
32 217
|
33 404
|
33 745
|
|
Income to Minority Interest |
(2 980)
|
(2 378)
|
(1 493)
|
(1 130)
|
(1 144)
|
(1 132)
|
(1 162)
|
(1 075)
|
(918)
|
(870)
|
(1 029)
|
(1 047)
|
(1 178)
|
(1 252)
|
(1 180)
|
(1 336)
|
(1 328)
|
(1 383)
|
(1 433)
|
(1 414)
|
(1 420)
|
(1 442)
|
(1 450)
|
(1 274)
|
(1 066)
|
(653)
|
(331)
|
(197)
|
(284)
|
(385)
|
(353)
|
(346)
|
(442)
|
(392)
|
(361)
|
(428)
|
(257)
|
(310)
|
(426)
|
(603)
|
(25)
|
|
Net Income (Common) |
5 317
N/A
|
6 834
+29%
|
9 280
+36%
|
10 252
+10%
|
10 502
+2%
|
11 305
+8%
|
12 216
+8%
|
12 561
+3%
|
12 707
+1%
|
13 272
+4%
|
13 879
+5%
|
14 503
+4%
|
14 684
+1%
|
15 130
+3%
|
16 000
+6%
|
16 875
+5%
|
17 284
+2%
|
18 188
+5%
|
19 410
+7%
|
20 186
+4%
|
20 231
+0%
|
21 104
+4%
|
22 481
+7%
|
23 647
+5%
|
24 211
+2%
|
22 893
-5%
|
22 952
+0%
|
24 913
+9%
|
27 223
+9%
|
28 881
+6%
|
28 304
-2%
|
28 661
+1%
|
28 574
0%
|
29 283
+2%
|
29 560
+1%
|
29 588
+0%
|
29 554
0%
|
30 417
+3%
|
31 790
+5%
|
32 801
+3%
|
33 654
+3%
|
|
EPS (Diluted) |
0.84
N/A
|
1.08
+29%
|
1.47
+36%
|
1.62
+10%
|
1.66
+2%
|
1.78
+7%
|
1.93
+8%
|
1.98
+3%
|
2
+1%
|
2.08
+4%
|
2.16
+4%
|
2.25
+4%
|
2.28
+1%
|
2.34
+3%
|
2.46
+5%
|
2.59
+5%
|
2.64
+2%
|
2.78
+5%
|
2.96
+6%
|
3.03
+2%
|
3.05
+1%
|
3.2
+5%
|
3.46
+8%
|
3.39
-2%
|
3.58
+6%
|
3.28
-8%
|
3.3
+1%
|
3.58
+8%
|
3.9
+9%
|
4.12
+6%
|
4.11
0%
|
4.17
+1%
|
4.18
+0%
|
4.29
+3%
|
4.28
0%
|
4.33
+1%
|
4.35
+0%
|
4.45
+2%
|
4.61
+4%
|
4.81
+4%
|
4.92
+2%
|