Ningbo Huaxiang Electronic Co Ltd
SZSE:002048
Income Statement
Earnings Waterfall
Ningbo Huaxiang Electronic Co Ltd
Revenue
|
22.1B
CNY
|
Cost of Revenue
|
-18.5B
CNY
|
Gross Profit
|
3.5B
CNY
|
Operating Expenses
|
-2.3B
CNY
|
Operating Income
|
1.2B
CNY
|
Other Expenses
|
-190m
CNY
|
Net Income
|
1B
CNY
|
Income Statement
Ningbo Huaxiang Electronic 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 |
6 958
N/A
|
7 292
+5%
|
7 849
+8%
|
8 181
+4%
|
8 109
-1%
|
8 713
+7%
|
9 071
+4%
|
9 290
+2%
|
9 497
+2%
|
9 810
+3%
|
10 196
+4%
|
10 754
+5%
|
11 425
+6%
|
12 506
+9%
|
13 377
+7%
|
13 979
+5%
|
14 785
+6%
|
14 807
+0%
|
14 371
-3%
|
14 629
+2%
|
14 768
+1%
|
14 927
+1%
|
15 387
+3%
|
15 492
+1%
|
15 926
+3%
|
17 093
+7%
|
16 155
-5%
|
16 478
+2%
|
16 784
+2%
|
16 892
+1%
|
18 487
+9%
|
18 503
+0%
|
18 386
-1%
|
17 588
-4%
|
17 449
-1%
|
17 236
-1%
|
18 672
+8%
|
19 626
+5%
|
20 067
+2%
|
21 688
+8%
|
22 051
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 609)
|
(5 844)
|
(6 295)
|
(6 502)
|
(6 392)
|
(6 973)
|
(7 205)
|
(7 489)
|
(7 783)
|
(8 095)
|
(8 424)
|
(8 846)
|
(9 279)
|
(9 923)
|
(10 558)
|
(10 988)
|
(11 598)
|
(11 791)
|
(11 449)
|
(11 767)
|
(11 961)
|
(12 055)
|
(12 472)
|
(12 440)
|
(12 761)
|
(13 747)
|
(12 964)
|
(13 318)
|
(13 542)
|
(13 795)
|
(15 037)
|
(15 091)
|
(15 153)
|
(14 360)
|
(14 349)
|
(14 298)
|
(15 325)
|
(16 368)
|
(16 757)
|
(18 082)
|
(18 520)
|
|
Gross Profit |
1 349
N/A
|
1 448
+7%
|
1 554
+7%
|
1 679
+8%
|
1 717
+2%
|
1 740
+1%
|
1 866
+7%
|
1 802
-3%
|
1 714
-5%
|
1 715
+0%
|
1 772
+3%
|
1 908
+8%
|
2 146
+12%
|
2 582
+20%
|
2 819
+9%
|
2 991
+6%
|
3 188
+7%
|
3 015
-5%
|
2 922
-3%
|
2 863
-2%
|
2 807
-2%
|
2 872
+2%
|
2 915
+2%
|
3 052
+5%
|
3 166
+4%
|
3 346
+6%
|
3 191
-5%
|
3 160
-1%
|
3 242
+3%
|
3 097
-4%
|
3 450
+11%
|
3 412
-1%
|
3 233
-5%
|
3 227
0%
|
3 100
-4%
|
2 939
-5%
|
3 347
+14%
|
3 258
-3%
|
3 310
+2%
|
3 606
+9%
|
3 530
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(949)
|
(928)
|
(1 056)
|
(1 074)
|
(1 035)
|
(1 059)
|
(1 168)
|
(1 189)
|
(1 245)
|
(1 275)
|
(1 282)
|
(1 322)
|
(1 372)
|
(1 485)
|
(1 608)
|
(1 683)
|
(1 718)
|
(1 673)
|
(1 662)
|
(1 673)
|
(1 740)
|
(1 831)
|
(1 891)
|
(1 930)
|
(1 960)
|
(2 033)
|
(1 971)
|
(2 016)
|
(2 068)
|
(1 868)
|
(2 174)
|
(1 993)
|
(1 824)
|
(1 735)
|
(1 657)
|
(1 772)
|
(1 979)
|
(1 926)
|
(2 104)
|
(2 245)
|
(2 310)
|
|
Selling, General & Administrative |
(847)
|
(714)
|
(914)
|
(931)
|
(915)
|
(815)
|
(1 102)
|
(1 135)
|
(1 221)
|
(937)
|
(1 240)
|
(1 258)
|
(1 279)
|
(1 140)
|
(1 441)
|
(1 554)
|
(1 325)
|
(1 242)
|
(1 301)
|
(1 331)
|
(1 332)
|
(1 296)
|
(1 210)
|
(1 107)
|
(1 386)
|
(1 424)
|
(1 368)
|
(1 426)
|
(1 446)
|
(1 328)
|
(1 417)
|
(1 211)
|
(1 070)
|
(1 113)
|
(1 034)
|
(1 137)
|
(1 250)
|
(1 192)
|
(1 253)
|
(1 305)
|
(1 367)
|
|
Research & Development |
0
|
(181)
|
0
|
0
|
0
|
(195)
|
0
|
0
|
0
|
(278)
|
0
|
0
|
0
|
(274)
|
0
|
0
|
(102)
|
(382)
|
0
|
0
|
(105)
|
(493)
|
(410)
|
(538)
|
(542)
|
(527)
|
(574)
|
(576)
|
(602)
|
(490)
|
(534)
|
(545)
|
(582)
|
(595)
|
(665)
|
(679)
|
(690)
|
(650)
|
(710)
|
(754)
|
(765)
|
|
Depreciation & Amortization |
0
|
(31)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(52)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
(78)
|
0
|
0
|
0
|
(98)
|
0
|
0
|
0
|
(124)
|
0
|
0
|
0
|
(115)
|
0
|
0
|
0
|
(132)
|
0
|
0
|
0
|
(155)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(102)
|
(1)
|
(142)
|
(143)
|
(120)
|
(9)
|
(66)
|
(55)
|
(24)
|
(8)
|
(42)
|
(64)
|
(92)
|
(6)
|
(167)
|
(129)
|
(290)
|
29
|
(362)
|
(343)
|
(304)
|
57
|
(271)
|
(286)
|
(31)
|
42
|
(29)
|
(14)
|
(20)
|
65
|
(224)
|
(236)
|
(172)
|
105
|
42
|
45
|
(39)
|
71
|
(141)
|
(186)
|
(177)
|
|
Operating Income |
400
N/A
|
520
+30%
|
498
-4%
|
606
+22%
|
682
+13%
|
680
0%
|
698
+3%
|
612
-12%
|
470
-23%
|
440
-6%
|
490
+11%
|
586
+19%
|
775
+32%
|
1 098
+42%
|
1 211
+10%
|
1 308
+8%
|
1 470
+12%
|
1 343
-9%
|
1 260
-6%
|
1 189
-6%
|
1 067
-10%
|
1 041
-2%
|
1 024
-2%
|
1 121
+9%
|
1 206
+8%
|
1 313
+9%
|
1 220
-7%
|
1 144
-6%
|
1 173
+3%
|
1 229
+5%
|
1 275
+4%
|
1 419
+11%
|
1 409
-1%
|
1 492
+6%
|
1 443
-3%
|
1 167
-19%
|
1 368
+17%
|
1 333
-3%
|
1 206
-9%
|
1 361
+13%
|
1 221
-10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
78
|
98
|
104
|
132
|
147
|
155
|
144
|
155
|
156
|
149
|
152
|
156
|
152
|
169
|
155
|
122
|
83
|
84
|
54
|
102
|
156
|
164
|
156
|
154
|
146
|
176
|
162
|
195
|
215
|
222
|
258
|
269
|
222
|
213
|
177
|
183
|
242
|
293
|
315
|
324
|
305
|
|
Non-Reccuring Items |
0
|
(72)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(31)
|
0
|
(14)
|
(12)
|
12
|
13
|
9
|
7
|
(11)
|
(1)
|
(0)
|
0
|
(8)
|
14
|
13
|
11
|
(150)
|
(2)
|
(1)
|
1
|
(11)
|
2
|
2
|
7
|
(118)
|
21
|
21
|
18
|
|
Gain/Loss on Disposition of Assets |
0
|
3
|
0
|
0
|
0
|
2
|
0
|
(0)
|
(4)
|
(1)
|
0
|
(0)
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
|
Total Other Income |
8
|
27
|
29
|
52
|
49
|
22
|
21
|
14
|
41
|
45
|
52
|
100
|
79
|
97
|
92
|
27
|
17
|
(6)
|
(18)
|
(18)
|
(14)
|
15
|
14
|
16
|
15
|
31
|
28
|
26
|
29
|
36
|
38
|
36
|
31
|
3
|
13
|
14
|
8
|
(4)
|
(11)
|
51
|
53
|
|
Pre-Tax Income |
487
N/A
|
576
+18%
|
631
+9%
|
789
+25%
|
878
+11%
|
860
-2%
|
862
+0%
|
780
-9%
|
663
-15%
|
633
-4%
|
693
+9%
|
841
+21%
|
1 009
+20%
|
1 333
+32%
|
1 457
+9%
|
1 442
-1%
|
1 558
+8%
|
1 433
-8%
|
1 309
-9%
|
1 283
-2%
|
1 217
-5%
|
1 209
-1%
|
1 193
-1%
|
1 291
+8%
|
1 367
+6%
|
1 512
+11%
|
1 423
-6%
|
1 377
-3%
|
1 428
+4%
|
1 333
-7%
|
1 569
+18%
|
1 724
+10%
|
1 662
-4%
|
1 694
+2%
|
1 635
-3%
|
1 366
-16%
|
1 625
+19%
|
1 500
-8%
|
1 532
+2%
|
1 757
+15%
|
1 597
-9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(74)
|
(99)
|
(109)
|
(136)
|
(144)
|
(138)
|
(153)
|
(173)
|
(170)
|
(217)
|
(220)
|
(220)
|
(236)
|
(236)
|
(266)
|
(277)
|
(301)
|
(268)
|
(250)
|
(232)
|
(219)
|
(190)
|
(174)
|
(177)
|
(194)
|
(239)
|
(229)
|
(233)
|
(241)
|
(205)
|
(234)
|
(230)
|
(183)
|
(171)
|
(161)
|
(140)
|
(197)
|
(162)
|
(176)
|
(196)
|
(159)
|
|
Income from Continuing Operations |
413
|
477
|
521
|
653
|
735
|
722
|
709
|
608
|
493
|
416
|
473
|
621
|
772
|
1 097
|
1 191
|
1 166
|
1 257
|
1 165
|
1 059
|
1 051
|
998
|
1 019
|
1 020
|
1 114
|
1 173
|
1 273
|
1 195
|
1 144
|
1 187
|
1 128
|
1 335
|
1 494
|
1 479
|
1 522
|
1 474
|
1 227
|
1 428
|
1 338
|
1 356
|
1 561
|
1 438
|
|
Income to Minority Interest |
(109)
|
(134)
|
(145)
|
(170)
|
(186)
|
(198)
|
(219)
|
(219)
|
(218)
|
(256)
|
(281)
|
(323)
|
(351)
|
(383)
|
(395)
|
(370)
|
(377)
|
(367)
|
(347)
|
(347)
|
(320)
|
(287)
|
(271)
|
(264)
|
(276)
|
(292)
|
(252)
|
(256)
|
(268)
|
(279)
|
(328)
|
(320)
|
(295)
|
(257)
|
(252)
|
(244)
|
(290)
|
(331)
|
(346)
|
(407)
|
(407)
|
|
Net Income (Common) |
303
N/A
|
343
+13%
|
376
+10%
|
483
+28%
|
548
+14%
|
524
-4%
|
490
-6%
|
389
-21%
|
275
-29%
|
160
-42%
|
192
+20%
|
299
+55%
|
422
+41%
|
714
+69%
|
796
+11%
|
795
0%
|
879
+11%
|
798
-9%
|
712
-11%
|
703
-1%
|
678
-4%
|
732
+8%
|
748
+2%
|
851
+14%
|
898
+6%
|
981
+9%
|
942
-4%
|
888
-6%
|
920
+4%
|
849
-8%
|
1 008
+19%
|
1 174
+17%
|
1 184
+1%
|
1 266
+7%
|
1 223
-3%
|
982
-20%
|
1 138
+16%
|
1 007
-11%
|
1 010
+0%
|
1 154
+14%
|
1 031
-11%
|
|
EPS (Diluted) |
0.56
N/A
|
0.65
+16%
|
0.71
+9%
|
0.91
+28%
|
1.03
+13%
|
0.99
-4%
|
0.92
-7%
|
0.73
-21%
|
0.52
-29%
|
0.3
-42%
|
0.36
+20%
|
0.56
+56%
|
0.79
+41%
|
1.35
+71%
|
1.5
+11%
|
1.1
-27%
|
1.65
+50%
|
1.27
-23%
|
1.13
-11%
|
1.12
-1%
|
1.08
-4%
|
1.17
+8%
|
1.19
+2%
|
1.35
+13%
|
1.42
+5%
|
1.57
+11%
|
1.5
-4%
|
1.42
-5%
|
1.47
+4%
|
1.36
-7%
|
1.61
+18%
|
1.87
+16%
|
1.89
+1%
|
2.02
+7%
|
1.67
-17%
|
1.63
-2%
|
1.85
+13%
|
1.24
-33%
|
1.24
N/A
|
1.41
+14%
|
1.27
-10%
|