Huadong Medicine Co Ltd
SZSE:000963
Income Statement
Earnings Waterfall
Huadong Medicine Co Ltd
Revenue
|
40.3B
CNY
|
Cost of Revenue
|
-27.6B
CNY
|
Gross Profit
|
12.6B
CNY
|
Operating Expenses
|
-8.9B
CNY
|
Operating Income
|
3.7B
CNY
|
Other Expenses
|
-982.7m
CNY
|
Net Income
|
2.7B
CNY
|
Income Statement
Huadong Medicine 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 |
16 202
N/A
|
16 718
+3%
|
17 237
+3%
|
17 724
+3%
|
18 208
+3%
|
18 947
+4%
|
19 656
+4%
|
20 220
+3%
|
20 924
+3%
|
21 727
+4%
|
22 682
+4%
|
23 588
+4%
|
24 491
+4%
|
25 380
+4%
|
26 363
+4%
|
27 227
+3%
|
27 911
+3%
|
27 832
0%
|
28 519
+2%
|
29 066
+2%
|
29 585
+2%
|
30 663
+4%
|
32 532
+6%
|
33 587
+3%
|
35 087
+4%
|
35 446
+1%
|
34 339
-3%
|
33 858
-1%
|
33 319
-2%
|
33 683
+1%
|
33 982
+1%
|
34 202
+1%
|
34 110
0%
|
34 563
+1%
|
34 599
+0%
|
35 582
+3%
|
36 494
+3%
|
37 715
+3%
|
38 897
+3%
|
39 902
+3%
|
40 251
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(13 094)
|
(13 346)
|
(13 713)
|
(13 967)
|
(14 256)
|
(14 787)
|
(15 257)
|
(15 665)
|
(16 077)
|
(16 520)
|
(17 253)
|
(17 873)
|
(18 562)
|
(19 220)
|
(20 072)
|
(20 694)
|
(21 067)
|
(20 562)
|
(20 954)
|
(21 067)
|
(21 256)
|
(21 776)
|
(22 930)
|
(23 454)
|
(24 294)
|
(24 083)
|
(23 030)
|
(22 724)
|
(22 233)
|
(22 555)
|
(23 437)
|
(23 690)
|
(23 887)
|
(23 969)
|
(24 247)
|
(24 796)
|
(25 335)
|
(25 686)
|
(26 774)
|
(27 582)
|
(27 612)
|
|
Gross Profit |
3 107
N/A
|
3 372
+9%
|
3 524
+5%
|
3 757
+7%
|
3 952
+5%
|
4 160
+5%
|
4 399
+6%
|
4 554
+4%
|
4 847
+6%
|
5 208
+7%
|
5 429
+4%
|
5 715
+5%
|
5 929
+4%
|
6 160
+4%
|
6 292
+2%
|
6 533
+4%
|
6 844
+5%
|
7 270
+6%
|
7 565
+4%
|
7 998
+6%
|
8 330
+4%
|
8 887
+7%
|
9 602
+8%
|
10 133
+6%
|
10 793
+7%
|
11 363
+5%
|
11 309
0%
|
11 134
-2%
|
11 086
0%
|
11 128
+0%
|
10 545
-5%
|
10 511
0%
|
10 223
-3%
|
10 595
+4%
|
10 353
-2%
|
10 786
+4%
|
11 159
+3%
|
12 028
+8%
|
12 123
+1%
|
12 320
+2%
|
12 639
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 175)
|
(2 356)
|
(2 459)
|
(2 524)
|
(2 675)
|
(2 888)
|
(2 999)
|
(3 071)
|
(3 294)
|
(3 659)
|
(3 762)
|
(3 990)
|
(4 087)
|
(4 266)
|
(4 247)
|
(4 342)
|
(4 540)
|
(4 904)
|
(5 020)
|
(5 297)
|
(5 509)
|
(5 955)
|
(6 396)
|
(6 892)
|
(7 448)
|
(8 033)
|
(8 034)
|
(7 945)
|
(7 893)
|
(7 963)
|
(7 424)
|
(7 489)
|
(7 327)
|
(7 690)
|
(7 430)
|
(7 768)
|
(8 031)
|
(8 837)
|
(8 754)
|
(8 779)
|
(8 949)
|
|
Selling, General & Administrative |
(2 189)
|
(2 120)
|
(2 463)
|
(2 483)
|
(2 635)
|
(2 626)
|
(2 972)
|
(3 054)
|
(3 277)
|
(3 354)
|
(3 728)
|
(3 959)
|
(4 056)
|
(3 900)
|
(4 216)
|
(4 321)
|
(4 525)
|
(4 455)
|
(4 623)
|
(4 925)
|
(4 936)
|
(5 225)
|
(5 827)
|
(6 076)
|
(6 598)
|
(6 974)
|
(6 989)
|
(6 981)
|
(6 978)
|
(7 053)
|
(6 785)
|
(6 839)
|
(6 588)
|
(6 622)
|
(6 443)
|
(6 758)
|
(7 104)
|
(7 649)
|
(7 889)
|
(7 817)
|
(7 928)
|
|
Research & Development |
0
|
(161)
|
0
|
0
|
0
|
(173)
|
0
|
0
|
0
|
(218)
|
0
|
0
|
0
|
(264)
|
0
|
0
|
0
|
(414)
|
0
|
0
|
(664)
|
(621)
|
(600)
|
(911)
|
(952)
|
(965)
|
(1 179)
|
(1 084)
|
(1 051)
|
(804)
|
(883)
|
(885)
|
(964)
|
(849)
|
(1 079)
|
(1 109)
|
(1 040)
|
(906)
|
(962)
|
(1 008)
|
(1 069)
|
|
Depreciation & Amortization |
0
|
(52)
|
0
|
0
|
0
|
(57)
|
0
|
0
|
0
|
(56)
|
0
|
0
|
0
|
(71)
|
0
|
0
|
0
|
(117)
|
0
|
0
|
0
|
(163)
|
0
|
0
|
0
|
(237)
|
0
|
0
|
0
|
(247)
|
0
|
0
|
0
|
(319)
|
0
|
0
|
0
|
(322)
|
0
|
0
|
0
|
|
Other Operating Expenses |
14
|
(23)
|
4
|
(40)
|
(40)
|
(32)
|
(28)
|
(17)
|
(17)
|
(32)
|
(34)
|
(32)
|
(32)
|
(31)
|
(32)
|
(21)
|
(15)
|
81
|
(396)
|
(372)
|
91
|
55
|
31
|
95
|
103
|
143
|
134
|
120
|
136
|
141
|
244
|
235
|
225
|
100
|
92
|
99
|
113
|
40
|
97
|
46
|
47
|
|
Operating Income |
933
N/A
|
1 016
+9%
|
1 065
+5%
|
1 233
+16%
|
1 276
+4%
|
1 272
0%
|
1 399
+10%
|
1 484
+6%
|
1 553
+5%
|
1 549
0%
|
1 667
+8%
|
1 725
+3%
|
1 841
+7%
|
1 893
+3%
|
2 044
+8%
|
2 192
+7%
|
2 304
+5%
|
2 366
+3%
|
2 546
+8%
|
2 702
+6%
|
2 821
+4%
|
2 933
+4%
|
3 206
+9%
|
3 241
+1%
|
3 345
+3%
|
3 330
0%
|
3 275
-2%
|
3 189
-3%
|
3 193
+0%
|
3 165
-1%
|
3 121
-1%
|
3 023
-3%
|
2 895
-4%
|
2 905
+0%
|
2 923
+1%
|
3 018
+3%
|
3 129
+4%
|
3 192
+2%
|
3 368
+6%
|
3 541
+5%
|
3 689
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(29)
|
(91)
|
(41)
|
(129)
|
(144)
|
(115)
|
(164)
|
(178)
|
(186)
|
(166)
|
(172)
|
(132)
|
(104)
|
(36)
|
(51)
|
(46)
|
(35)
|
(23)
|
(21)
|
(19)
|
(22)
|
(25)
|
(88)
|
(109)
|
(139)
|
(47)
|
0
|
15
|
46
|
(10)
|
(80)
|
(98)
|
(100)
|
(43)
|
(119)
|
(113)
|
(161)
|
(139)
|
(246)
|
(330)
|
(312)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(2)
|
0
|
0
|
1
|
(1)
|
(1)
|
(1)
|
2
|
68
|
113
|
117
|
114
|
354
|
304
|
304
|
322
|
17
|
22
|
18
|
(8)
|
0
|
8
|
6
|
2
|
5
|
3
|
6
|
|
Gain/Loss on Disposition of Assets |
(0)
|
(3)
|
(0)
|
(0)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
14
|
(2)
|
(2)
|
(2)
|
(14)
|
0
|
(19)
|
(27)
|
(7)
|
0
|
(2)
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
Total Other Income |
20
|
20
|
11
|
(5)
|
12
|
18
|
19
|
21
|
38
|
24
|
48
|
44
|
24
|
42
|
30
|
27
|
22
|
(13)
|
(40)
|
(20)
|
(25)
|
(34)
|
(37)
|
(39)
|
(33)
|
78
|
69
|
76
|
79
|
(21)
|
(20)
|
(19)
|
(16)
|
(27)
|
(30)
|
(27)
|
(48)
|
(25)
|
(30)
|
(39)
|
(29)
|
|
Pre-Tax Income |
924
N/A
|
942
+2%
|
1 035
+10%
|
1 098
+6%
|
1 143
+4%
|
1 173
+3%
|
1 253
+7%
|
1 325
+6%
|
1 405
+6%
|
1 420
+1%
|
1 541
+9%
|
1 636
+6%
|
1 759
+8%
|
1 882
+7%
|
2 020
+7%
|
2 153
+7%
|
2 265
+5%
|
2 324
+3%
|
2 484
+7%
|
2 660
+7%
|
2 773
+4%
|
2 873
+4%
|
3 151
+10%
|
3 207
+2%
|
3 289
+3%
|
3 470
+5%
|
3 698
+7%
|
3 585
-3%
|
3 622
+1%
|
3 453
-5%
|
3 037
-12%
|
2 927
-4%
|
2 798
-4%
|
2 828
+1%
|
2 774
-2%
|
2 886
+4%
|
2 925
+1%
|
3 031
+4%
|
3 097
+2%
|
3 174
+2%
|
3 355
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(192)
|
(195)
|
(235)
|
(273)
|
(293)
|
(230)
|
(217)
|
(197)
|
(196)
|
(268)
|
(290)
|
(312)
|
(324)
|
(347)
|
(373)
|
(393)
|
(421)
|
(436)
|
(470)
|
(495)
|
(537)
|
(477)
|
(508)
|
(512)
|
(500)
|
(545)
|
(558)
|
(547)
|
(541)
|
(544)
|
(506)
|
(450)
|
(406)
|
(489)
|
(496)
|
(536)
|
(523)
|
(498)
|
(519)
|
(556)
|
(635)
|
|
Income from Continuing Operations |
733
|
748
|
801
|
826
|
850
|
943
|
1 036
|
1 128
|
1 208
|
1 152
|
1 251
|
1 323
|
1 435
|
1 535
|
1 648
|
1 760
|
1 844
|
1 888
|
2 014
|
2 166
|
2 235
|
2 395
|
2 642
|
2 694
|
2 789
|
2 925
|
3 141
|
3 038
|
3 081
|
2 910
|
2 531
|
2 477
|
2 392
|
2 339
|
2 278
|
2 350
|
2 403
|
2 533
|
2 579
|
2 619
|
2 720
|
|
Income to Minority Interest |
(173)
|
(173)
|
(184)
|
(195)
|
(195)
|
(186)
|
(137)
|
(94)
|
(73)
|
(55)
|
(63)
|
(70)
|
(70)
|
(89)
|
(92)
|
(96)
|
(103)
|
(109)
|
(120)
|
(134)
|
(136)
|
(128)
|
(127)
|
(124)
|
(118)
|
(112)
|
(88)
|
(89)
|
(90)
|
(90)
|
(100)
|
(88)
|
(68)
|
(37)
|
(31)
|
(8)
|
(15)
|
(33)
|
(28)
|
(26)
|
(13)
|
|
Net Income (Common) |
560
N/A
|
575
+3%
|
617
+7%
|
631
+2%
|
655
+4%
|
757
+16%
|
899
+19%
|
1 034
+15%
|
1 136
+10%
|
1 097
-3%
|
1 188
+8%
|
1 253
+6%
|
1 365
+9%
|
1 447
+6%
|
1 556
+8%
|
1 665
+7%
|
1 740
+5%
|
1 780
+2%
|
1 895
+6%
|
2 031
+7%
|
2 099
+3%
|
2 267
+8%
|
2 515
+11%
|
2 570
+2%
|
2 671
+4%
|
2 813
+5%
|
3 053
+9%
|
2 948
-3%
|
2 992
+1%
|
2 820
-6%
|
2 431
-14%
|
2 389
-2%
|
2 324
-3%
|
2 302
-1%
|
2 248
-2%
|
2 342
+4%
|
2 388
+2%
|
2 499
+5%
|
2 550
+2%
|
2 592
+2%
|
2 707
+4%
|
|
EPS (Diluted) |
0.36
N/A
|
0.37
+3%
|
0.4
+8%
|
0.41
+2%
|
0.42
+2%
|
0.48
+14%
|
0.57
+19%
|
0.66
+16%
|
0.73
+11%
|
0.7
-4%
|
0.7
N/A
|
0.71
+1%
|
0.77
+8%
|
0.83
+8%
|
0.88
+6%
|
0.94
+7%
|
0.99
+5%
|
1.02
+3%
|
1.09
+7%
|
1.17
+7%
|
1.2
+3%
|
1.3
+8%
|
1.43
+10%
|
1.46
+2%
|
1.52
+4%
|
1.61
+6%
|
1.74
+8%
|
1.68
-3%
|
1.71
+2%
|
1.61
-6%
|
1.38
-14%
|
1.36
-1%
|
1.32
-3%
|
1.32
N/A
|
1.28
-3%
|
1.34
+5%
|
1.36
+1%
|
1.43
+5%
|
1.46
+2%
|
1.48
+1%
|
1.55
+5%
|