Shandong Sun Paper Co Ltd
SZSE:002078
Income Statement
Earnings Waterfall
Shandong Sun Paper Co Ltd
Revenue
|
39.5B
CNY
|
Cost of Revenue
|
-33.3B
CNY
|
Gross Profit
|
6.3B
CNY
|
Operating Expenses
|
-2.3B
CNY
|
Operating Income
|
4B
CNY
|
Other Expenses
|
-925m
CNY
|
Net Income
|
3.1B
CNY
|
Income Statement
Shandong Sun Paper 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 |
10 895
N/A
|
10 594
-3%
|
10 594
0%
|
10 449
-1%
|
10 458
+0%
|
10 392
-1%
|
10 347
0%
|
10 521
+2%
|
10 825
+3%
|
11 198
+3%
|
12 191
+9%
|
13 096
+7%
|
14 455
+10%
|
15 974
+11%
|
16 592
+4%
|
17 961
+8%
|
18 894
+5%
|
19 525
+3%
|
20 671
+6%
|
21 298
+3%
|
21 768
+2%
|
22 178
+2%
|
22 071
0%
|
22 060
0%
|
22 763
+3%
|
22 864
+0%
|
22 415
-2%
|
22 000
-2%
|
21 589
-2%
|
23 680
+10%
|
26 974
+14%
|
29 665
+10%
|
32 159
+8%
|
34 021
+6%
|
36 038
+6%
|
37 922
+5%
|
39 767
+5%
|
39 905
+0%
|
39 254
-2%
|
39 329
+0%
|
39 544
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(9 072)
|
(8 696)
|
(8 651)
|
(8 384)
|
(8 368)
|
(8 248)
|
(8 153)
|
(8 208)
|
(8 295)
|
(8 723)
|
(9 556)
|
(10 273)
|
(11 289)
|
(12 470)
|
(12 684)
|
(13 693)
|
(13 985)
|
(14 397)
|
(15 254)
|
(15 822)
|
(16 692)
|
(17 622)
|
(17 779)
|
(17 726)
|
(17 701)
|
(17 453)
|
(17 054)
|
(16 799)
|
(17 451)
|
(19 169)
|
(21 768)
|
(24 506)
|
(26 654)
|
(29 043)
|
(30 966)
|
(32 563)
|
(33 772)
|
(34 094)
|
(33 834)
|
(33 705)
|
(33 275)
|
|
Gross Profit |
1 823
N/A
|
1 898
+4%
|
1 943
+2%
|
2 064
+6%
|
2 090
+1%
|
2 144
+3%
|
2 194
+2%
|
2 313
+5%
|
2 530
+9%
|
2 475
-2%
|
2 635
+6%
|
2 823
+7%
|
3 166
+12%
|
3 504
+11%
|
3 909
+12%
|
4 268
+9%
|
4 909
+15%
|
5 128
+4%
|
5 418
+6%
|
5 476
+1%
|
5 076
-7%
|
4 556
-10%
|
4 292
-6%
|
4 334
+1%
|
5 062
+17%
|
5 411
+7%
|
5 361
-1%
|
5 201
-3%
|
4 137
-20%
|
4 511
+9%
|
5 205
+15%
|
5 159
-1%
|
5 505
+7%
|
4 977
-10%
|
5 073
+2%
|
5 359
+6%
|
5 995
+12%
|
5 810
-3%
|
5 420
-7%
|
5 624
+4%
|
6 269
+11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(823)
|
(784)
|
(795)
|
(860)
|
(854)
|
(846)
|
(865)
|
(854)
|
(960)
|
(891)
|
(924)
|
(966)
|
(1 211)
|
(1 111)
|
(1 198)
|
(1 250)
|
(1 415)
|
(1 303)
|
(1 276)
|
(1 415)
|
(1 710)
|
(1 651)
|
(1 690)
|
(1 701)
|
(2 035)
|
(2 149)
|
(2 254)
|
(2 272)
|
(1 315)
|
(926)
|
(745)
|
(609)
|
(1 646)
|
(1 684)
|
(1 918)
|
(2 094)
|
(2 145)
|
(2 039)
|
(2 052)
|
(2 027)
|
(2 258)
|
|
Selling, General & Administrative |
(788)
|
(772)
|
(783)
|
(861)
|
(611)
|
(844)
|
(869)
|
(844)
|
(710)
|
(880)
|
(910)
|
(964)
|
(1 010)
|
(1 091)
|
(1 077)
|
(1 067)
|
(1 180)
|
(1 109)
|
(1 132)
|
(1 237)
|
(1 336)
|
(1 339)
|
(1 397)
|
(1 396)
|
(1 503)
|
(1 649)
|
(1 681)
|
(1 727)
|
(676)
|
(519)
|
(353)
|
(185)
|
(943)
|
(1 043)
|
(1 165)
|
(1 224)
|
(1 168)
|
(1 208)
|
(1 163)
|
(1 121)
|
(1 110)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(155)
|
0
|
0
|
0
|
(145)
|
0
|
0
|
0
|
(101)
|
0
|
0
|
(41)
|
(136)
|
0
|
0
|
(118)
|
(246)
|
(262)
|
(359)
|
(394)
|
(380)
|
(456)
|
(459)
|
(453)
|
(392)
|
(373)
|
(387)
|
(400)
|
(514)
|
(653)
|
(777)
|
(874)
|
(753)
|
(811)
|
(856)
|
(897)
|
(891)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(58)
|
0
|
0
|
0
|
(66)
|
0
|
0
|
0
|
(72)
|
0
|
0
|
0
|
(84)
|
0
|
0
|
0
|
(112)
|
0
|
0
|
0
|
(150)
|
0
|
0
|
0
|
(236)
|
0
|
0
|
0
|
(179)
|
0
|
0
|
0
|
(230)
|
0
|
0
|
0
|
(268)
|
|
Other Operating Expenses |
(35)
|
(11)
|
(13)
|
1
|
(30)
|
(2)
|
3
|
(10)
|
(39)
|
(11)
|
(14)
|
(2)
|
(26)
|
(21)
|
(121)
|
(142)
|
(15)
|
(194)
|
(144)
|
(60)
|
(16)
|
(50)
|
66
|
89
|
(1)
|
(44)
|
(114)
|
(93)
|
(10)
|
(33)
|
(6)
|
(23)
|
(9)
|
12
|
24
|
4
|
6
|
(19)
|
(32)
|
(8)
|
11
|
|
Operating Income |
1 000
N/A
|
1 114
+11%
|
1 147
+3%
|
1 204
+5%
|
1 236
+3%
|
1 298
+5%
|
1 328
+2%
|
1 459
+10%
|
1 570
+8%
|
1 584
+1%
|
1 711
+8%
|
1 857
+9%
|
1 956
+5%
|
2 393
+22%
|
2 711
+13%
|
3 018
+11%
|
3 495
+16%
|
3 824
+9%
|
4 142
+8%
|
4 062
-2%
|
3 367
-17%
|
2 905
-14%
|
2 602
-10%
|
2 633
+1%
|
3 027
+15%
|
3 263
+8%
|
3 107
-5%
|
2 929
-6%
|
2 823
-4%
|
3 585
+27%
|
4 460
+24%
|
4 549
+2%
|
3 860
-15%
|
3 293
-15%
|
3 155
-4%
|
3 265
+3%
|
3 849
+18%
|
3 771
-2%
|
3 368
-11%
|
3 598
+7%
|
4 011
+11%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(520)
|
(568)
|
(597)
|
(592)
|
(568)
|
(624)
|
(588)
|
(722)
|
(538)
|
(665)
|
(688)
|
(546)
|
(503)
|
(531)
|
(530)
|
(550)
|
(557)
|
(593)
|
(647)
|
(693)
|
(671)
|
(706)
|
(653)
|
(573)
|
(515)
|
(535)
|
(523)
|
(513)
|
(493)
|
(548)
|
(563)
|
(597)
|
(492)
|
(506)
|
(597)
|
(691)
|
(782)
|
(881)
|
(888)
|
(814)
|
(662)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(146)
|
0
|
0
|
0
|
(6)
|
(5)
|
(8)
|
0
|
(1)
|
11
|
14
|
13
|
(7)
|
0
|
(7)
|
(9)
|
(9)
|
0
|
(7)
|
(4)
|
(8)
|
(7)
|
(7)
|
(7)
|
(57)
|
1
|
1
|
2
|
(37)
|
(8)
|
(9)
|
1
|
(54)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
4
|
(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 |
(23)
|
(0)
|
(13)
|
(16)
|
37
|
2
|
8
|
77
|
150
|
149
|
142
|
71
|
21
|
56
|
13
|
16
|
(5)
|
(37)
|
4
|
1
|
31
|
71
|
37
|
34
|
91
|
71
|
107
|
113
|
57
|
39
|
41
|
40
|
37
|
(31)
|
(32)
|
(22)
|
37
|
23
|
31
|
25
|
25
|
|
Pre-Tax Income |
457
N/A
|
546
+19%
|
537
-2%
|
597
+11%
|
683
+15%
|
676
-1%
|
748
+11%
|
814
+9%
|
1 040
+28%
|
1 068
+3%
|
1 165
+9%
|
1 382
+19%
|
1 468
+6%
|
1 914
+30%
|
2 186
+14%
|
2 484
+14%
|
2 931
+18%
|
3 204
+9%
|
3 512
+10%
|
3 382
-4%
|
2 720
-20%
|
2 271
-17%
|
1 981
-13%
|
2 083
+5%
|
2 594
+25%
|
2 799
+8%
|
2 684
-4%
|
2 525
-6%
|
2 378
-6%
|
3 069
+29%
|
3 930
+28%
|
3 986
+1%
|
3 348
-16%
|
2 757
-18%
|
2 527
-8%
|
2 553
+1%
|
3 068
+20%
|
2 906
-5%
|
2 502
-14%
|
2 809
+12%
|
3 320
+18%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(139)
|
(163)
|
(134)
|
(140)
|
(136)
|
(125)
|
(163)
|
(175)
|
(285)
|
(295)
|
(317)
|
(372)
|
(310)
|
(420)
|
(444)
|
(521)
|
(681)
|
(748)
|
(878)
|
(846)
|
(477)
|
(335)
|
(190)
|
(148)
|
(396)
|
(444)
|
(442)
|
(433)
|
(410)
|
(527)
|
(666)
|
(634)
|
(409)
|
(226)
|
(137)
|
(92)
|
(251)
|
(196)
|
(88)
|
(116)
|
(219)
|
|
Income from Continuing Operations |
318
|
383
|
403
|
457
|
547
|
552
|
586
|
639
|
755
|
773
|
849
|
1 010
|
1 158
|
1 494
|
1 743
|
1 963
|
2 250
|
2 457
|
2 634
|
2 536
|
2 242
|
1 936
|
1 791
|
1 935
|
2 198
|
2 354
|
2 243
|
2 092
|
1 968
|
2 541
|
3 264
|
3 351
|
2 939
|
2 531
|
2 389
|
2 461
|
2 817
|
2 710
|
2 414
|
2 694
|
3 101
|
|
Income to Minority Interest |
(33)
|
(42)
|
(45)
|
(61)
|
(78)
|
(77)
|
(79)
|
(68)
|
(88)
|
(78)
|
(81)
|
(102)
|
(101)
|
(139)
|
(164)
|
(189)
|
(226)
|
(256)
|
(257)
|
(84)
|
(5)
|
66
|
105
|
(14)
|
(19)
|
(21)
|
(15)
|
(17)
|
(15)
|
(16)
|
(16)
|
(12)
|
(10)
|
(7)
|
(5)
|
(5)
|
(8)
|
(10)
|
(13)
|
(16)
|
(15)
|
|
Net Income (Common) |
285
N/A
|
340
+20%
|
358
+5%
|
396
+11%
|
469
+18%
|
475
+1%
|
507
+7%
|
571
+13%
|
667
+17%
|
695
+4%
|
768
+10%
|
908
+18%
|
1 057
+16%
|
1 355
+28%
|
1 579
+17%
|
1 774
+12%
|
2 024
+14%
|
2 201
+9%
|
2 378
+8%
|
2 452
+3%
|
2 238
-9%
|
2 001
-11%
|
1 896
-5%
|
1 921
+1%
|
2 178
+13%
|
2 334
+7%
|
2 228
-5%
|
2 075
-7%
|
1 953
-6%
|
2 525
+29%
|
3 248
+29%
|
3 339
+3%
|
2 929
-12%
|
2 524
-14%
|
2 385
-6%
|
2 457
+3%
|
2 809
+14%
|
2 699
-4%
|
2 401
-11%
|
2 677
+12%
|
3 086
+15%
|
|
EPS (Diluted) |
0.14
N/A
|
0.16
+14%
|
0.17
+6%
|
0.18
+6%
|
0.2
+11%
|
0.2
N/A
|
0.2
N/A
|
0.22
+10%
|
0.26
+18%
|
0.27
+4%
|
0.3
+11%
|
0.36
+20%
|
0.42
+17%
|
0.53
+26%
|
0.62
+17%
|
0.7
+13%
|
0.78
+11%
|
0.86
+10%
|
0.9
+5%
|
0.95
+6%
|
0.86
-9%
|
0.78
-9%
|
0.68
-13%
|
0.73
+7%
|
0.82
+12%
|
0.84
+2%
|
0.83
-1%
|
0.79
-5%
|
0.75
-5%
|
0.95
+27%
|
1.23
+29%
|
1.15
-7%
|
1.11
-3%
|
0.89
-20%
|
0.89
N/A
|
0.81
-9%
|
1.04
+28%
|
0.98
-6%
|
0.85
-13%
|
0.96
+13%
|
1.1
+15%
|