Visual China Group Co Ltd
SZSE:000681
Income Statement
Earnings Waterfall
Visual China Group Co Ltd
Revenue
|
744.1m
CNY
|
Cost of Revenue
|
-362.2m
CNY
|
Gross Profit
|
381.9m
CNY
|
Operating Expenses
|
-295.3m
CNY
|
Operating Income
|
86.5m
CNY
|
Other Expenses
|
54.9m
CNY
|
Net Income
|
141.4m
CNY
|
Income Statement
Visual China Group Co Ltd
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 |
174
N/A
|
262
+51%
|
328
+25%
|
405
+23%
|
433
+7%
|
391
-10%
|
486
+24%
|
406
-16%
|
409
+1%
|
543
+33%
|
549
+1%
|
621
+13%
|
727
+17%
|
736
+1%
|
748
+2%
|
838
+12%
|
838
+0%
|
815
-3%
|
857
+5%
|
914
+7%
|
936
+2%
|
988
+6%
|
997
+1%
|
908
-9%
|
872
-4%
|
722
-17%
|
669
-7%
|
592
-11%
|
579
-2%
|
571
-1%
|
599
+5%
|
638
+7%
|
653
+2%
|
657
+1%
|
674
+2%
|
668
-1%
|
661
-1%
|
698
+6%
|
674
-3%
|
718
+6%
|
744
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(67)
|
(101)
|
(127)
|
(169)
|
(178)
|
(175)
|
(220)
|
(181)
|
(182)
|
(230)
|
(217)
|
(240)
|
(300)
|
(306)
|
(322)
|
(364)
|
(344)
|
(278)
|
(303)
|
(327)
|
(320)
|
(349)
|
(352)
|
(313)
|
(307)
|
(267)
|
(252)
|
(221)
|
(231)
|
(208)
|
(230)
|
(243)
|
(254)
|
(291)
|
(300)
|
(320)
|
(316)
|
(321)
|
(321)
|
(348)
|
(362)
|
|
Gross Profit |
107
N/A
|
161
+51%
|
201
+25%
|
236
+17%
|
255
+8%
|
216
-15%
|
265
+23%
|
225
-15%
|
227
+1%
|
313
+38%
|
331
+6%
|
382
+15%
|
427
+12%
|
430
+1%
|
425
-1%
|
474
+11%
|
494
+4%
|
536
+9%
|
554
+3%
|
587
+6%
|
616
+5%
|
639
+4%
|
645
+1%
|
595
-8%
|
565
-5%
|
456
-19%
|
417
-9%
|
372
-11%
|
348
-6%
|
362
+4%
|
369
+2%
|
395
+7%
|
399
+1%
|
367
-8%
|
373
+2%
|
348
-7%
|
345
-1%
|
376
+9%
|
353
-6%
|
370
+5%
|
382
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(50)
|
(62)
|
(72)
|
(85)
|
(94)
|
(101)
|
(119)
|
(111)
|
(109)
|
(133)
|
(155)
|
(184)
|
(210)
|
(205)
|
(178)
|
(212)
|
(205)
|
(216)
|
(207)
|
(209)
|
(214)
|
(257)
|
(256)
|
(219)
|
(214)
|
(242)
|
(241)
|
(226)
|
(229)
|
(216)
|
(211)
|
(238)
|
(266)
|
(266)
|
(275)
|
(291)
|
(289)
|
(298)
|
(298)
|
(294)
|
(295)
|
|
Selling, General & Administrative |
(49)
|
(60)
|
(70)
|
(80)
|
(90)
|
(97)
|
(113)
|
(105)
|
(103)
|
(127)
|
(149)
|
(178)
|
(200)
|
(184)
|
(168)
|
(193)
|
(192)
|
(188)
|
(174)
|
(178)
|
(173)
|
(208)
|
(212)
|
(183)
|
(175)
|
(188)
|
(186)
|
(163)
|
(168)
|
(163)
|
(171)
|
(194)
|
(217)
|
(204)
|
(214)
|
(221)
|
(214)
|
(213)
|
(221)
|
(212)
|
(212)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
0
|
0
|
(37)
|
(45)
|
(34)
|
(38)
|
(40)
|
(38)
|
(43)
|
(51)
|
(52)
|
(41)
|
(52)
|
(57)
|
(60)
|
(52)
|
(67)
|
(75)
|
(79)
|
(64)
|
(84)
|
(88)
|
(89)
|
|
Depreciation & Amortization |
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
1
|
(2)
|
(5)
|
(4)
|
(0)
|
(6)
|
(5)
|
(6)
|
(0)
|
(6)
|
(6)
|
(11)
|
(14)
|
(9)
|
(19)
|
(13)
|
1
|
(33)
|
(31)
|
(4)
|
6
|
(10)
|
2
|
1
|
(3)
|
(12)
|
(13)
|
(9)
|
3
|
12
|
13
|
11
|
9
|
6
|
5
|
5
|
3
|
7
|
6
|
6
|
|
Operating Income |
57
N/A
|
99
+73%
|
130
+31%
|
151
+17%
|
161
+6%
|
116
-28%
|
146
+26%
|
115
-21%
|
118
+3%
|
180
+52%
|
177
-2%
|
198
+12%
|
217
+9%
|
225
+4%
|
248
+10%
|
262
+6%
|
289
+10%
|
321
+11%
|
348
+8%
|
378
+9%
|
402
+6%
|
381
-5%
|
388
+2%
|
376
-3%
|
352
-7%
|
214
-39%
|
175
-18%
|
146
-17%
|
119
-19%
|
147
+24%
|
158
+8%
|
157
-1%
|
132
-16%
|
101
-24%
|
98
-3%
|
56
-42%
|
56
0%
|
79
+39%
|
55
-30%
|
76
+37%
|
87
+14%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
0
|
0
|
(0)
|
(1)
|
5
|
5
|
7
|
22
|
31
|
39
|
43
|
39
|
39
|
29
|
36
|
27
|
32
|
22
|
19
|
16
|
30
|
18
|
16
|
31
|
60
|
58
|
45
|
34
|
36
|
38
|
47
|
72
|
37
|
56
|
59
|
31
|
29
|
75
|
73
|
74
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
28
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
2
|
2
|
2
|
1
|
0
|
41
|
40
|
43
|
42
|
1
|
2
|
0
|
2
|
6
|
6
|
5
|
5
|
(0)
|
(0)
|
(1)
|
(2)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(7)
|
(6)
|
(7)
|
(6)
|
(1)
|
(2)
|
(1)
|
(3)
|
(3)
|
(2)
|
(2)
|
0
|
|
Pre-Tax Income |
60
N/A
|
101
+68%
|
131
+31%
|
151
+15%
|
160
+6%
|
161
+1%
|
191
+18%
|
164
-14%
|
183
+11%
|
212
+16%
|
217
+2%
|
241
+11%
|
257
+7%
|
277
+8%
|
283
+2%
|
302
+7%
|
322
+6%
|
353
+10%
|
369
+5%
|
396
+7%
|
416
+5%
|
392
-6%
|
406
+3%
|
392
-3%
|
382
-3%
|
262
-31%
|
231
-12%
|
188
-19%
|
150
-20%
|
176
+17%
|
189
+8%
|
198
+4%
|
198
+0%
|
164
-17%
|
152
-8%
|
114
-25%
|
85
-26%
|
106
+24%
|
128
+22%
|
147
+14%
|
161
+9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(12)
|
(20)
|
(26)
|
(30)
|
(33)
|
(18)
|
(24)
|
(20)
|
(20)
|
(41)
|
(42)
|
(48)
|
(50)
|
(46)
|
(46)
|
(41)
|
(45)
|
(41)
|
(46)
|
(44)
|
(50)
|
(57)
|
(55)
|
(65)
|
(59)
|
(45)
|
(41)
|
(29)
|
(24)
|
(34)
|
(34)
|
(30)
|
(25)
|
(10)
|
(9)
|
(2)
|
(2)
|
(6)
|
(2)
|
(8)
|
(12)
|
|
Income from Continuing Operations |
49
|
80
|
106
|
121
|
127
|
143
|
167
|
144
|
162
|
171
|
175
|
193
|
207
|
231
|
237
|
261
|
277
|
313
|
324
|
352
|
366
|
335
|
351
|
327
|
323
|
218
|
191
|
159
|
126
|
142
|
155
|
168
|
173
|
155
|
143
|
112
|
83
|
100
|
126
|
139
|
149
|
|
Income to Minority Interest |
0
|
0
|
0
|
(5)
|
(3)
|
(1)
|
(3)
|
2
|
(0)
|
(14)
|
(11)
|
(13)
|
(16)
|
(16)
|
(19)
|
(21)
|
(23)
|
(22)
|
(23)
|
(20)
|
(18)
|
(14)
|
(12)
|
(10)
|
(7)
|
2
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(4)
|
(7)
|
|
Net Income (Common) |
49
N/A
|
80
+64%
|
104
+29%
|
116
+12%
|
124
+6%
|
142
+15%
|
164
+16%
|
146
-11%
|
162
+11%
|
158
-3%
|
164
+4%
|
180
+9%
|
190
+6%
|
215
+13%
|
218
+2%
|
240
+10%
|
254
+6%
|
291
+14%
|
301
+4%
|
332
+10%
|
348
+5%
|
321
-8%
|
339
+6%
|
317
-6%
|
316
0%
|
219
-31%
|
191
-13%
|
159
-17%
|
127
-20%
|
142
+12%
|
154
+9%
|
166
+8%
|
170
+3%
|
153
-10%
|
142
-7%
|
111
-22%
|
82
-26%
|
99
+20%
|
125
+26%
|
135
+8%
|
141
+5%
|