Ningbo Kangqiang Electronics Co Ltd
SZSE:002119
Income Statement
Earnings Waterfall
Ningbo Kangqiang Electronics Co Ltd
Revenue
|
1.8B
CNY
|
Cost of Revenue
|
-1.6B
CNY
|
Gross Profit
|
216.9m
CNY
|
Operating Expenses
|
-138m
CNY
|
Operating Income
|
78.8m
CNY
|
Other Expenses
|
1.7m
CNY
|
Net Income
|
80.6m
CNY
|
Income Statement
Ningbo Kangqiang Electronics 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 |
1 271
N/A
|
1 258
-1%
|
1 233
-2%
|
1 264
+2%
|
1 329
+5%
|
1 304
-2%
|
1 279
-2%
|
1 172
-8%
|
1 021
-13%
|
1 032
+1%
|
1 071
+4%
|
1 159
+8%
|
1 197
+3%
|
1 205
+1%
|
1 221
+1%
|
1 232
+1%
|
1 304
+6%
|
1 378
+6%
|
1 459
+6%
|
1 511
+4%
|
1 483
-2%
|
1 458
-2%
|
1 392
-5%
|
1 364
-2%
|
1 418
+4%
|
1 378
-3%
|
1 422
+3%
|
1 472
+3%
|
1 549
+5%
|
1 746
+13%
|
1 950
+12%
|
2 131
+9%
|
2 195
+3%
|
2 162
-1%
|
2 074
-4%
|
1 844
-11%
|
1 703
-8%
|
1 649
-3%
|
1 614
-2%
|
1 703
+5%
|
1 780
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 105)
|
(1 091)
|
(1 063)
|
(1 099)
|
(1 163)
|
(1 136)
|
(1 123)
|
(1 018)
|
(902)
|
(873)
|
(888)
|
(961)
|
(969)
|
(966)
|
(971)
|
(965)
|
(1 037)
|
(1 100)
|
(1 176)
|
(1 219)
|
(1 190)
|
(1 182)
|
(1 117)
|
(1 094)
|
(1 126)
|
(1 094)
|
(1 121)
|
(1 171)
|
(1 261)
|
(1 438)
|
(1 628)
|
(1 765)
|
(1 783)
|
(1 767)
|
(1 682)
|
(1 526)
|
(1 445)
|
(1 408)
|
(1 410)
|
(1 492)
|
(1 563)
|
|
Gross Profit |
166
N/A
|
167
+1%
|
170
+2%
|
165
-3%
|
165
+0%
|
168
+2%
|
156
-7%
|
154
-1%
|
119
-23%
|
159
+34%
|
183
+16%
|
198
+8%
|
228
+15%
|
239
+5%
|
250
+5%
|
267
+7%
|
266
0%
|
278
+4%
|
283
+2%
|
292
+3%
|
293
+0%
|
277
-5%
|
275
-1%
|
270
-2%
|
293
+8%
|
283
-3%
|
301
+6%
|
300
0%
|
288
-4%
|
309
+7%
|
322
+4%
|
366
+14%
|
412
+12%
|
395
-4%
|
391
-1%
|
318
-19%
|
258
-19%
|
241
-6%
|
205
-15%
|
210
+3%
|
217
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(112)
|
(119)
|
(122)
|
(121)
|
(123)
|
(119)
|
(166)
|
(164)
|
(128)
|
(172)
|
(123)
|
(133)
|
(150)
|
(143)
|
(144)
|
(138)
|
(145)
|
(139)
|
(146)
|
(153)
|
(157)
|
(154)
|
(154)
|
(154)
|
(162)
|
(162)
|
(170)
|
(174)
|
(167)
|
(170)
|
(165)
|
(174)
|
(176)
|
(161)
|
(166)
|
(151)
|
(150)
|
(151)
|
(149)
|
(150)
|
(138)
|
|
Selling, General & Administrative |
(97)
|
(104)
|
(108)
|
(109)
|
(72)
|
(110)
|
(112)
|
(111)
|
(74)
|
(114)
|
(111)
|
(118)
|
(89)
|
(133)
|
(112)
|
(97)
|
(87)
|
(87)
|
(119)
|
(125)
|
(94)
|
(112)
|
(97)
|
(98)
|
(100)
|
(96)
|
(101)
|
(108)
|
(99)
|
(117)
|
(114)
|
(112)
|
(91)
|
(88)
|
(85)
|
(75)
|
(77)
|
(78)
|
(80)
|
(84)
|
(90)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(44)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(44)
|
0
|
0
|
(12)
|
(51)
|
0
|
0
|
(29)
|
(57)
|
(46)
|
(61)
|
(63)
|
(60)
|
(64)
|
(66)
|
(63)
|
(57)
|
(61)
|
(63)
|
(71)
|
(73)
|
(82)
|
(82)
|
(77)
|
(68)
|
(75)
|
(71)
|
(71)
|
(68)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
|
Other Operating Expenses |
(15)
|
(15)
|
(14)
|
(12)
|
(2)
|
(10)
|
(54)
|
(53)
|
(6)
|
(58)
|
(11)
|
(15)
|
(7)
|
(10)
|
(32)
|
(29)
|
5
|
(52)
|
(27)
|
2
|
8
|
3
|
5
|
6
|
13
|
(2)
|
(4)
|
(3)
|
12
|
8
|
13
|
9
|
10
|
9
|
2
|
(0)
|
13
|
1
|
3
|
4
|
38
|
|
Operating Income |
54
N/A
|
48
-11%
|
48
0%
|
44
-8%
|
43
-3%
|
49
+15%
|
(9)
N/A
|
(10)
-5%
|
(9)
+8%
|
(14)
-53%
|
61
N/A
|
65
+7%
|
79
+21%
|
96
+22%
|
106
+11%
|
128
+21%
|
122
-5%
|
139
+15%
|
137
-2%
|
139
+1%
|
136
-2%
|
123
-10%
|
122
-1%
|
116
-5%
|
130
+12%
|
121
-7%
|
131
+8%
|
126
-3%
|
120
-5%
|
139
+16%
|
157
+13%
|
192
+23%
|
235
+22%
|
235
0%
|
225
-4%
|
167
-26%
|
107
-36%
|
90
-16%
|
56
-38%
|
60
+7%
|
79
+32%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(51)
|
(46)
|
(38)
|
(41)
|
(38)
|
(39)
|
(40)
|
(37)
|
(26)
|
(32)
|
(29)
|
(26)
|
(13)
|
(22)
|
(25)
|
(30)
|
(34)
|
(44)
|
(40)
|
(37)
|
(34)
|
(16)
|
(18)
|
(12)
|
(28)
|
(24)
|
(24)
|
(36)
|
(39)
|
(41)
|
(44)
|
(39)
|
(33)
|
(29)
|
(18)
|
(6)
|
(1)
|
(1)
|
2
|
(3)
|
(0)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(16)
|
1
|
1
|
(0)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
1
|
2
|
1
|
(1)
|
(1)
|
(3)
|
(5)
|
(1)
|
(1)
|
(0)
|
2
|
4
|
4
|
4
|
2
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
1
|
0
|
(0)
|
(7)
|
(16)
|
(16)
|
(25)
|
(19)
|
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 |
16
|
15
|
5
|
6
|
6
|
5
|
6
|
7
|
8
|
9
|
9
|
10
|
12
|
(5)
|
0
|
(5)
|
(1)
|
(4)
|
(1)
|
(0)
|
3
|
2
|
2
|
2
|
(1)
|
(12)
|
(4)
|
(1)
|
11
|
10
|
2
|
1
|
3
|
3
|
3
|
2
|
(0)
|
1
|
1
|
1
|
1
|
|
Pre-Tax Income |
19
N/A
|
17
-8%
|
14
-16%
|
9
-37%
|
12
+36%
|
16
+28%
|
(43)
N/A
|
(47)
-8%
|
(60)
-29%
|
(52)
+13%
|
16
N/A
|
31
+99%
|
61
+95%
|
69
+14%
|
82
+19%
|
93
+13%
|
86
-8%
|
91
+6%
|
95
+4%
|
102
+7%
|
105
+3%
|
108
+3%
|
105
-3%
|
105
+0%
|
99
-6%
|
84
-15%
|
104
+24%
|
91
-13%
|
93
+3%
|
107
+15%
|
113
+6%
|
152
+34%
|
201
+32%
|
209
+4%
|
210
+1%
|
162
-23%
|
109
-33%
|
94
-14%
|
63
-33%
|
62
-1%
|
81
+31%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
3
|
2
|
2
|
2
|
(5)
|
(5)
|
5
|
1
|
6
|
6
|
(6)
|
(2)
|
(10)
|
(12)
|
(14)
|
(15)
|
(11)
|
(12)
|
(13)
|
(15)
|
(12)
|
(11)
|
(11)
|
(10)
|
(7)
|
(6)
|
(8)
|
(6)
|
(5)
|
(8)
|
(6)
|
(11)
|
(19)
|
(20)
|
(21)
|
(9)
|
(7)
|
(2)
|
7
|
3
|
(0)
|
|
Income from Continuing Operations |
22
|
19
|
16
|
11
|
8
|
10
|
(38)
|
(46)
|
(54)
|
(47)
|
10
|
29
|
51
|
58
|
69
|
78
|
75
|
79
|
82
|
86
|
92
|
98
|
94
|
95
|
93
|
78
|
96
|
85
|
88
|
99
|
107
|
141
|
181
|
189
|
188
|
153
|
102
|
91
|
70
|
65
|
81
|
|
Income to Minority Interest |
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(7)
|
(3)
|
(3)
|
(3)
|
(3)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(12)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
17
N/A
|
15
-16%
|
10
-28%
|
5
-51%
|
2
-55%
|
4
+52%
|
(41)
N/A
|
(48)
-16%
|
(57)
-19%
|
(50)
+13%
|
3
N/A
|
22
+584%
|
44
+99%
|
50
+14%
|
60
+19%
|
68
+14%
|
64
-6%
|
68
+6%
|
70
+3%
|
73
+5%
|
80
+9%
|
89
+11%
|
89
N/A
|
94
+5%
|
93
-1%
|
78
-16%
|
96
+24%
|
85
-12%
|
88
+3%
|
99
+13%
|
107
+8%
|
141
+31%
|
181
+29%
|
189
+4%
|
188
0%
|
153
-19%
|
102
-34%
|
91
-11%
|
70
-23%
|
65
-7%
|
81
+24%
|
|
EPS (Diluted) |
0.04
N/A
|
0.03
-25%
|
0.02
-33%
|
0.01
-50%
|
0.01
N/A
|
0.01
N/A
|
-0.1
N/A
|
-0.12
-20%
|
-0.15
-25%
|
-0.13
+13%
|
0.01
N/A
|
0.06
+500%
|
0.12
+100%
|
0.14
+17%
|
0.16
+14%
|
0.18
+13%
|
0.17
-6%
|
0.18
+6%
|
0.19
+6%
|
0.2
+5%
|
0.21
+5%
|
0.24
+14%
|
0.24
N/A
|
0.25
+4%
|
0.25
N/A
|
0.21
-16%
|
0.26
+24%
|
0.23
-12%
|
0.23
N/A
|
0.26
+13%
|
0.28
+8%
|
0.37
+32%
|
0.48
+30%
|
0.5
+4%
|
0.5
N/A
|
0.41
-18%
|
0.27
-34%
|
0.24
-11%
|
0.19
-21%
|
0.17
-11%
|
0.21
+24%
|