Gree Electric Appliances Inc of Zhuhai
SZSE:000651
Income Statement
Earnings Waterfall
Gree Electric Appliances Inc of Zhuhai
Revenue
|
197.6B
CNY
|
Cost of Revenue
|
-141.8B
CNY
|
Gross Profit
|
55.8B
CNY
|
Operating Expenses
|
-30.6B
CNY
|
Operating Income
|
25.2B
CNY
|
Other Expenses
|
1.1B
CNY
|
Net Income
|
26.3B
CNY
|
Income Statement
Gree Electric Appliances Inc of Zhuhai
Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
111 705
N/A
|
120 043
+7%
|
122 760
+2%
|
125 484
+2%
|
131 303
+5%
|
140 005
+7%
|
140 089
+0%
|
132 686
-5%
|
123 662
-7%
|
100 564
-19%
|
100 569
+0%
|
99 045
-2%
|
100 659
+2%
|
110 113
+9%
|
115 049
+4%
|
130 041
+13%
|
138 368
+6%
|
150 020
+8%
|
160 009
+7%
|
172 003
+7%
|
188 042
+9%
|
200 024
+6%
|
201 004
+0%
|
206 360
+3%
|
206 650
+0%
|
200 508
-3%
|
180 411
-10%
|
172 769
-4%
|
171 300
-1%
|
170 497
0%
|
183 105
+7%
|
191 906
+5%
|
182 578
-5%
|
189 654
+4%
|
191 672
+1%
|
193 450
+1%
|
198 449
+3%
|
190 151
-4%
|
190 308
+0%
|
194 134
+2%
|
197 619
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(78 610)
|
(80 964)
|
(82 446)
|
(82 433)
|
(83 757)
|
(88 762)
|
(90 739)
|
(87 475)
|
(81 832)
|
(66 740)
|
(67 084)
|
(62 730)
|
(66 076)
|
(72 994)
|
(77 484)
|
(90 063)
|
(96 603)
|
(99 852)
|
(109 224)
|
(117 967)
|
(129 229)
|
(138 394)
|
(140 850)
|
(143 550)
|
(144 431)
|
(143 678)
|
(133 655)
|
(132 357)
|
(132 675)
|
(124 871)
|
(133 900)
|
(140 626)
|
(134 462)
|
(143 246)
|
(145 693)
|
(146 209)
|
(148 812)
|
(140 549)
|
(140 390)
|
(140 671)
|
(141 815)
|
|
Gross Profit |
33 095
N/A
|
39 079
+18%
|
40 314
+3%
|
43 050
+7%
|
47 545
+10%
|
51 243
+8%
|
49 349
-4%
|
45 209
-8%
|
41 828
-7%
|
33 825
-19%
|
33 485
-1%
|
36 316
+8%
|
34 585
-5%
|
37 119
+7%
|
37 566
+1%
|
39 980
+6%
|
41 766
+4%
|
50 168
+20%
|
50 786
+1%
|
54 037
+6%
|
58 814
+9%
|
61 630
+5%
|
60 155
-2%
|
62 810
+4%
|
62 219
-1%
|
56 830
-9%
|
46 756
-18%
|
40 412
-14%
|
38 625
-4%
|
45 626
+18%
|
49 206
+8%
|
51 281
+4%
|
48 118
-6%
|
46 408
-4%
|
45 979
-1%
|
47 241
+3%
|
49 637
+5%
|
49 602
0%
|
49 918
+1%
|
53 463
+7%
|
55 804
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(23 495)
|
(28 629)
|
(27 715)
|
(29 554)
|
(33 312)
|
(35 422)
|
(33 864)
|
(30 546)
|
(27 171)
|
(21 313)
|
(21 333)
|
(24 266)
|
(21 813)
|
(23 437)
|
(22 142)
|
(20 958)
|
(20 151)
|
(24 174)
|
(22 983)
|
(23 863)
|
(26 789)
|
(31 869)
|
(29 943)
|
(32 398)
|
(31 688)
|
(28 917)
|
(24 387)
|
(22 118)
|
(22 040)
|
(22 392)
|
(24 053)
|
(24 990)
|
(22 957)
|
(22 480)
|
(21 908)
|
(20 601)
|
(22 150)
|
(24 106)
|
(24 422)
|
(27 777)
|
(30 581)
|
|
Selling, General & Administrative |
(23 284)
|
(28 594)
|
(27 524)
|
(29 341)
|
(33 210)
|
(35 391)
|
(33 416)
|
(30 175)
|
(26 786)
|
(21 287)
|
(21 194)
|
(24 103)
|
(21 736)
|
(23 411)
|
(22 142)
|
(21 136)
|
(19 422)
|
(20 750)
|
(21 370)
|
(22 151)
|
(23 845)
|
(25 155)
|
(24 904)
|
(25 934)
|
(25 682)
|
(23 928)
|
(19 005)
|
(16 733)
|
(16 962)
|
(17 424)
|
(18 330)
|
(18 761)
|
(16 607)
|
(16 889)
|
(15 539)
|
(14 229)
|
(15 425)
|
(18 623)
|
(17 946)
|
(21 217)
|
(22 995)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(911)
|
(3 618)
|
0
|
0
|
(2 985)
|
(6 988)
|
(5 391)
|
(7 177)
|
(6 675)
|
(5 891)
|
(5 564)
|
(5 348)
|
(5 249)
|
(6 053)
|
(6 477)
|
(6 956)
|
(6 830)
|
(6 297)
|
(6 286)
|
(5 971)
|
(6 287)
|
(6 281)
|
(6 496)
|
(6 770)
|
(6 746)
|
|
Other Operating Expenses |
(213)
|
(35)
|
(193)
|
(214)
|
(102)
|
(31)
|
(448)
|
(371)
|
(385)
|
(26)
|
(141)
|
(164)
|
(78)
|
(26)
|
1
|
177
|
181
|
192
|
(1 613)
|
(1 712)
|
41
|
274
|
352
|
713
|
669
|
901
|
180
|
(39)
|
170
|
1 085
|
754
|
728
|
481
|
706
|
(83)
|
(401)
|
(439)
|
798
|
20
|
210
|
(841)
|
|
Operating Income |
9 600
N/A
|
10 450
+9%
|
12 600
+21%
|
13 497
+7%
|
14 234
+5%
|
15 821
+11%
|
15 486
-2%
|
14 665
-5%
|
14 659
0%
|
12 511
-15%
|
12 153
-3%
|
12 051
-1%
|
12 772
+6%
|
13 682
+7%
|
15 425
+13%
|
19 021
+23%
|
21 615
+14%
|
25 993
+20%
|
27 802
+7%
|
30 173
+9%
|
32 024
+6%
|
29 761
-7%
|
30 212
+2%
|
30 412
+1%
|
30 531
+0%
|
27 913
-9%
|
22 368
-20%
|
18 294
-18%
|
16 586
-9%
|
23 235
+40%
|
25 153
+8%
|
26 291
+5%
|
25 159
-4%
|
23 928
-5%
|
24 072
+1%
|
26 640
+11%
|
27 487
+3%
|
25 495
-7%
|
25 496
+0%
|
25 686
+1%
|
25 223
-2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1 603
|
1 876
|
1 012
|
861
|
889
|
316
|
1 084
|
1 206
|
1 194
|
1 042
|
1 673
|
2 145
|
2 176
|
3 743
|
3 174
|
2 347
|
979
|
184
|
(62)
|
(77)
|
1 049
|
1 236
|
1 057
|
1 873
|
1 836
|
2 463
|
2 451
|
2 494
|
2 872
|
2 930
|
2 973
|
3 087
|
3 098
|
2 850
|
2 870
|
1 805
|
1 232
|
2 035
|
2 152
|
3 412
|
4 551
|
|
Non-Reccuring Items |
0
|
(64)
|
0
|
0
|
0
|
(48)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
64
|
2
|
2
|
2
|
(59)
|
(1)
|
(1)
|
(1)
|
(24)
|
2
|
2
|
3
|
(785)
|
5
|
5
|
5
|
(129)
|
1
|
1
|
2
|
(117)
|
8
|
5
|
5
|
(300)
|
(1)
|
3
|
(0)
|
|
Gain/Loss on Disposition of Assets |
0
|
(2)
|
(12)
|
(11)
|
(15)
|
(14)
|
(8)
|
(11)
|
(9)
|
(8)
|
(6)
|
(3)
|
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
|
1
|
0
|
0
|
0
|
|
Total Other Income |
440
|
631
|
580
|
544
|
463
|
677
|
660
|
733
|
929
|
1 401
|
1 537
|
1 642
|
1 488
|
1 084
|
912
|
642
|
763
|
497
|
522
|
638
|
445
|
300
|
228
|
96
|
386
|
(238)
|
(188)
|
(158)
|
(312)
|
273
|
250
|
210
|
93
|
142
|
79
|
35
|
(12)
|
(13)
|
(77)
|
(44)
|
(28)
|
|
Pre-Tax Income |
11 643
N/A
|
12 891
+11%
|
14 180
+10%
|
14 892
+5%
|
15 573
+5%
|
16 752
+8%
|
17 223
+3%
|
16 594
-4%
|
16 772
+1%
|
14 909
-11%
|
15 356
+3%
|
15 834
+3%
|
16 436
+4%
|
18 573
+13%
|
19 515
+5%
|
22 013
+13%
|
23 359
+6%
|
26 616
+14%
|
28 261
+6%
|
30 732
+9%
|
33 516
+9%
|
31 274
-7%
|
31 498
+1%
|
32 383
+3%
|
32 756
+1%
|
29 353
-10%
|
24 636
-16%
|
20 635
-16%
|
19 150
-7%
|
26 309
+37%
|
28 376
+8%
|
29 588
+4%
|
28 352
-4%
|
26 803
-5%
|
27 029
+1%
|
28 485
+5%
|
28 712
+1%
|
27 217
-5%
|
27 571
+1%
|
29 056
+5%
|
29 746
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 943)
|
(1 956)
|
(2 313)
|
(2 228)
|
(2 368)
|
(2 499)
|
(2 455)
|
(2 346)
|
(2 402)
|
(2 286)
|
(2 345)
|
(2 530)
|
(2 530)
|
(3 007)
|
(3 088)
|
(3 390)
|
(3 564)
|
(4 108)
|
(4 183)
|
(4 843)
|
(5 300)
|
(4 894)
|
(5 028)
|
(5 073)
|
(5 400)
|
(4 525)
|
(3 928)
|
(3 197)
|
(2 748)
|
(4 030)
|
(4 222)
|
(4 244)
|
(4 176)
|
(3 971)
|
(4 066)
|
(4 317)
|
(4 126)
|
(4 206)
|
(4 239)
|
(4 522)
|
(4 655)
|
|
Income from Continuing Operations |
9 699
|
10 935
|
11 866
|
12 663
|
13 203
|
14 253
|
14 768
|
14 248
|
14 371
|
12 624
|
13 010
|
13 302
|
13 903
|
15 566
|
16 425
|
18 622
|
19 796
|
22 508
|
24 078
|
25 890
|
28 216
|
26 379
|
26 471
|
27 310
|
27 356
|
24 827
|
20 708
|
17 437
|
16 401
|
22 279
|
24 153
|
25 344
|
24 177
|
22 832
|
22 963
|
24 168
|
24 586
|
23 011
|
23 332
|
24 535
|
25 091
|
|
Income to Minority Interest |
(73)
|
(65)
|
(78)
|
(91)
|
(85)
|
(98)
|
(92)
|
(91)
|
(91)
|
(91)
|
(94)
|
(89)
|
(96)
|
(103)
|
(109)
|
(110)
|
(101)
|
(107)
|
(110)
|
(135)
|
(157)
|
(176)
|
(177)
|
(163)
|
(155)
|
(131)
|
(125)
|
(128)
|
(123)
|
(104)
|
(94)
|
(75)
|
(56)
|
232
|
661
|
906
|
1 137
|
1 495
|
1 281
|
1 179
|
1 204
|
|
Net Income (Common) |
9 625
N/A
|
10 870
+13%
|
11 789
+8%
|
12 572
+7%
|
13 118
+4%
|
14 155
+8%
|
14 675
+4%
|
14 157
-4%
|
14 280
+1%
|
12 532
-12%
|
12 917
+3%
|
13 215
+2%
|
13 810
+5%
|
15 464
+12%
|
16 320
+6%
|
18 515
+13%
|
19 696
+6%
|
22 400
+14%
|
23 968
+7%
|
25 755
+7%
|
28 059
+9%
|
26 203
-7%
|
26 293
+0%
|
27 146
+3%
|
27 201
+0%
|
24 697
-9%
|
20 582
-17%
|
17 308
-16%
|
16 278
-6%
|
22 175
+36%
|
24 060
+9%
|
25 270
+5%
|
24 121
-5%
|
23 064
-4%
|
23 624
+2%
|
25 073
+6%
|
25 723
+3%
|
24 507
-5%
|
24 613
+0%
|
25 713
+4%
|
26 295
+2%
|
|
EPS (Diluted) |
1.61
N/A
|
1.81
+12%
|
1.96
+8%
|
2.06
+5%
|
2.18
+6%
|
2.35
+8%
|
2.44
+4%
|
2.35
-4%
|
2.37
+1%
|
2.08
-12%
|
2.15
+3%
|
2.2
+2%
|
2.3
+5%
|
2.57
+12%
|
2.71
+5%
|
3.07
+13%
|
3.27
+7%
|
3.72
+14%
|
3.98
+7%
|
4.28
+8%
|
4.66
+9%
|
4.36
-6%
|
4.37
+0%
|
4.51
+3%
|
4.52
+0%
|
4.11
-9%
|
3.42
-17%
|
2.88
-16%
|
2.71
-6%
|
3.71
+37%
|
4.05
+9%
|
4.32
+7%
|
4.27
-1%
|
4.04
-5%
|
3.99
-1%
|
4.24
+6%
|
5.06
+19%
|
4.47
-12%
|
4.49
+0%
|
4.68
+4%
|
4.8
+3%
|