Hengbao Co Ltd
SZSE:002104
Income Statement
Earnings Waterfall
Hengbao Co Ltd
Revenue
|
1.3B
CNY
|
Cost of Revenue
|
-912m
CNY
|
Gross Profit
|
360.5m
CNY
|
Operating Expenses
|
-207.1m
CNY
|
Operating Income
|
153.4m
CNY
|
Other Expenses
|
-6.1m
CNY
|
Net Income
|
147.3m
CNY
|
Income Statement
Hengbao 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 |
1 102
N/A
|
1 261
+14%
|
1 310
+4%
|
1 357
+4%
|
1 475
+9%
|
1 551
+5%
|
1 624
+5%
|
1 709
+5%
|
1 791
+5%
|
1 821
+2%
|
1 834
+1%
|
1 672
-9%
|
1 473
-12%
|
1 353
-8%
|
1 265
-7%
|
1 397
+10%
|
1 417
+1%
|
1 368
-3%
|
1 511
+10%
|
1 606
+6%
|
1 619
+1%
|
1 690
+4%
|
1 610
-5%
|
1 447
-10%
|
1 473
+2%
|
1 536
+4%
|
1 359
-11%
|
1 599
+18%
|
1 602
+0%
|
1 052
-34%
|
1 070
+2%
|
756
-29%
|
645
-15%
|
960
+49%
|
935
-3%
|
964
+3%
|
1 016
+5%
|
1 034
+2%
|
1 167
+13%
|
1 253
+7%
|
1 272
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(738)
|
(858)
|
(900)
|
(911)
|
(993)
|
(1 036)
|
(1 096)
|
(1 170)
|
(1 222)
|
(1 166)
|
(1 181)
|
(1 082)
|
(944)
|
(883)
|
(840)
|
(938)
|
(973)
|
(986)
|
(1 141)
|
(1 245)
|
(1 275)
|
(1 350)
|
(1 285)
|
(1 140)
|
(1 161)
|
(1 173)
|
(1 036)
|
(1 270)
|
(1 264)
|
(739)
|
(764)
|
(490)
|
(404)
|
(727)
|
(715)
|
(725)
|
(755)
|
(745)
|
(841)
|
(899)
|
(912)
|
|
Gross Profit |
364
N/A
|
403
+11%
|
410
+2%
|
445
+9%
|
482
+8%
|
515
+7%
|
528
+3%
|
539
+2%
|
569
+6%
|
655
+15%
|
653
0%
|
589
-10%
|
529
-10%
|
471
-11%
|
426
-10%
|
459
+8%
|
444
-3%
|
382
-14%
|
370
-3%
|
361
-2%
|
344
-5%
|
340
-1%
|
325
-4%
|
307
-6%
|
312
+2%
|
363
+16%
|
324
-11%
|
329
+2%
|
337
+3%
|
314
-7%
|
306
-2%
|
266
-13%
|
241
-9%
|
233
-3%
|
219
-6%
|
239
+9%
|
261
+9%
|
288
+11%
|
326
+13%
|
354
+9%
|
360
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(196)
|
(199)
|
(202)
|
(223)
|
(242)
|
(269)
|
(273)
|
(282)
|
(298)
|
(311)
|
(325)
|
(316)
|
(327)
|
(336)
|
(321)
|
(302)
|
(260)
|
(251)
|
(228)
|
(241)
|
(237)
|
(236)
|
(200)
|
(251)
|
(277)
|
(268)
|
(290)
|
(301)
|
(297)
|
(253)
|
(362)
|
(343)
|
(326)
|
(200)
|
(217)
|
(207)
|
(204)
|
(192)
|
(200)
|
(207)
|
(207)
|
|
Selling, General & Administrative |
(178)
|
(105)
|
(201)
|
(224)
|
(239)
|
(147)
|
(270)
|
(276)
|
(289)
|
(174)
|
(315)
|
(313)
|
(332)
|
(168)
|
(323)
|
(313)
|
(255)
|
(146)
|
(194)
|
(200)
|
(194)
|
(116)
|
(171)
|
(142)
|
(158)
|
(145)
|
(169)
|
(170)
|
(162)
|
(124)
|
(140)
|
(127)
|
(117)
|
(117)
|
(123)
|
(121)
|
(118)
|
(98)
|
(109)
|
(110)
|
(112)
|
|
Research & Development |
0
|
(89)
|
0
|
0
|
0
|
(118)
|
0
|
0
|
0
|
(149)
|
0
|
0
|
0
|
(157)
|
0
|
0
|
(25)
|
(117)
|
(90)
|
0
|
(90)
|
(118)
|
(91)
|
(123)
|
(132)
|
(122)
|
(127)
|
(126)
|
(124)
|
(119)
|
(119)
|
(115)
|
(108)
|
(91)
|
(101)
|
(96)
|
(95)
|
(87)
|
(91)
|
(96)
|
(95)
|
|
Depreciation & Amortization |
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(40)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(17)
|
(1)
|
(1)
|
1
|
(3)
|
(1)
|
(4)
|
(6)
|
(9)
|
22
|
(10)
|
(4)
|
5
|
15
|
1
|
11
|
20
|
43
|
56
|
(40)
|
46
|
29
|
62
|
13
|
12
|
30
|
5
|
(6)
|
(12)
|
30
|
(102)
|
(100)
|
(101)
|
35
|
7
|
10
|
10
|
16
|
0
|
(0)
|
(0)
|
|
Operating Income |
169
N/A
|
204
+21%
|
208
+2%
|
223
+7%
|
240
+8%
|
245
+2%
|
255
+4%
|
257
+1%
|
271
+5%
|
343
+27%
|
328
-4%
|
273
-17%
|
202
-26%
|
135
-33%
|
104
-23%
|
157
+51%
|
184
+17%
|
131
-29%
|
142
+9%
|
120
-15%
|
107
-11%
|
104
-3%
|
125
+20%
|
56
-55%
|
35
-38%
|
95
+174%
|
33
-65%
|
28
-17%
|
40
+45%
|
61
+51%
|
(56)
N/A
|
(77)
-38%
|
(85)
-10%
|
33
N/A
|
2
-94%
|
32
+1 434%
|
57
+77%
|
96
+69%
|
126
+31%
|
148
+17%
|
153
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
13
|
13
|
23
|
23
|
31
|
23
|
19
|
24
|
31
|
11
|
30
|
30
|
19
|
(4)
|
5
|
0
|
(2)
|
(5)
|
1
|
5
|
6
|
7
|
14
|
12
|
16
|
10
|
20
|
32
|
32
|
15
|
36
|
31
|
39
|
31
|
51
|
49
|
45
|
(14)
|
3
|
10
|
7
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
47
|
0
|
52
|
52
|
(14)
|
(1)
|
(1)
|
(0)
|
(110)
|
(1)
|
(1)
|
(1)
|
(4)
|
0
|
(4)
|
(4)
|
(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 |
10
|
16
|
16
|
17
|
22
|
42
|
50
|
55
|
55
|
59
|
61
|
57
|
76
|
13
|
19
|
9
|
(15)
|
53
|
36
|
43
|
40
|
(1)
|
(1)
|
(2)
|
(1)
|
0
|
0
|
2
|
1
|
2
|
2
|
1
|
1
|
0
|
(0)
|
1
|
1
|
0
|
1
|
0
|
0
|
|
Pre-Tax Income |
191
N/A
|
233
+22%
|
246
+6%
|
263
+7%
|
292
+11%
|
311
+6%
|
323
+4%
|
336
+4%
|
356
+6%
|
413
+16%
|
419
+2%
|
360
-14%
|
296
-18%
|
144
-52%
|
128
-11%
|
165
+29%
|
166
+0%
|
179
+7%
|
179
+0%
|
169
-6%
|
154
-9%
|
158
+3%
|
138
-13%
|
119
-14%
|
101
-15%
|
91
-10%
|
53
-42%
|
61
+15%
|
72
+18%
|
(31)
N/A
|
(18)
+42%
|
(47)
-158%
|
(45)
+3%
|
59
N/A
|
53
-11%
|
77
+46%
|
98
+28%
|
83
-16%
|
130
+57%
|
158
+22%
|
161
+2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(24)
|
(32)
|
(32)
|
(33)
|
(30)
|
(19)
|
(18)
|
(20)
|
(18)
|
(39)
|
(40)
|
(18)
|
(19)
|
(0)
|
(1)
|
(19)
|
(20)
|
(14)
|
(14)
|
(9)
|
(8)
|
(10)
|
(9)
|
(14)
|
(6)
|
(4)
|
(4)
|
1
|
(6)
|
5
|
7
|
13
|
10
|
(6)
|
(7)
|
(4)
|
(6)
|
(1)
|
(8)
|
(12)
|
(13)
|
|
Income from Continuing Operations |
167
|
201
|
215
|
230
|
262
|
292
|
305
|
316
|
338
|
374
|
380
|
342
|
278
|
143
|
127
|
147
|
146
|
164
|
164
|
159
|
146
|
148
|
129
|
105
|
96
|
87
|
49
|
63
|
67
|
(27)
|
(11)
|
(34)
|
(35)
|
53
|
46
|
73
|
93
|
82
|
121
|
146
|
147
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(5)
|
(7)
|
(8)
|
3
|
3
|
5
|
5
|
(2)
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
0
|
3
|
(0)
|
1
|
2
|
1
|
28
|
27
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
167
N/A
|
201
+21%
|
215
+7%
|
230
+7%
|
262
+14%
|
292
+11%
|
305
+5%
|
316
+3%
|
338
+7%
|
371
+10%
|
375
+1%
|
335
-11%
|
270
-19%
|
146
-46%
|
129
-12%
|
151
+17%
|
151
0%
|
163
+8%
|
164
+1%
|
158
-4%
|
145
-8%
|
146
+1%
|
128
-12%
|
105
-18%
|
99
-6%
|
87
-12%
|
50
-43%
|
64
+28%
|
67
+5%
|
2
-97%
|
15
+788%
|
(9)
N/A
|
(11)
-26%
|
53
N/A
|
46
-14%
|
73
+60%
|
93
+27%
|
82
-12%
|
121
+48%
|
146
+20%
|
147
+1%
|