Shenzhen Woer Heat-Shrinkable Material Co Ltd
SZSE:002130
Income Statement
Earnings Waterfall
Shenzhen Woer Heat-Shrinkable Material Co Ltd
Revenue
|
5.5B
CNY
|
Cost of Revenue
|
-3.8B
CNY
|
Gross Profit
|
1.7B
CNY
|
Operating Expenses
|
-866.1m
CNY
|
Operating Income
|
850.3m
CNY
|
Other Expenses
|
-200.6m
CNY
|
Net Income
|
649.7m
CNY
|
Income Statement
Shenzhen Woer Heat-Shrinkable Material 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 |
1 130
N/A
|
1 333
+18%
|
1 374
+3%
|
1 434
+4%
|
1 526
+6%
|
1 629
+7%
|
1 642
+1%
|
1 637
0%
|
1 618
-1%
|
1 621
+0%
|
1 628
+0%
|
1 705
+5%
|
1 783
+5%
|
1 863
+4%
|
2 004
+8%
|
2 156
+8%
|
2 344
+9%
|
2 580
+10%
|
2 663
+3%
|
2 803
+5%
|
3 196
+14%
|
3 525
+10%
|
3 786
+7%
|
4 045
+7%
|
3 996
-1%
|
3 978
0%
|
3 840
-3%
|
3 835
0%
|
3 892
+1%
|
4 095
+5%
|
4 585
+12%
|
4 943
+8%
|
5 255
+6%
|
5 407
+3%
|
5 385
0%
|
5 410
+0%
|
5 371
-1%
|
5 341
-1%
|
5 329
0%
|
5 336
+0%
|
5 469
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(810)
|
(981)
|
(998)
|
(1 045)
|
(1 116)
|
(1 161)
|
(1 175)
|
(1 159)
|
(1 145)
|
(1 130)
|
(1 135)
|
(1 187)
|
(1 229)
|
(1 296)
|
(1 422)
|
(1 528)
|
(1 673)
|
(1 832)
|
(1 898)
|
(2 002)
|
(2 243)
|
(2 394)
|
(2 588)
|
(2 742)
|
(2 647)
|
(2 565)
|
(2 491)
|
(2 400)
|
(2 374)
|
(2 490)
|
(2 801)
|
(3 088)
|
(3 428)
|
(3 664)
|
(3 760)
|
(3 842)
|
(3 831)
|
(3 671)
|
(3 692)
|
(3 683)
|
(3 753)
|
|
Gross Profit |
320
N/A
|
351
+10%
|
376
+7%
|
389
+3%
|
410
+5%
|
468
+14%
|
467
0%
|
478
+2%
|
473
-1%
|
491
+4%
|
494
+0%
|
518
+5%
|
555
+7%
|
567
+2%
|
582
+3%
|
628
+8%
|
671
+7%
|
748
+12%
|
764
+2%
|
801
+5%
|
953
+19%
|
1 131
+19%
|
1 198
+6%
|
1 303
+9%
|
1 349
+4%
|
1 413
+5%
|
1 349
-5%
|
1 435
+6%
|
1 518
+6%
|
1 605
+6%
|
1 784
+11%
|
1 855
+4%
|
1 827
-2%
|
1 742
-5%
|
1 625
-7%
|
1 568
-4%
|
1 540
-2%
|
1 670
+8%
|
1 637
-2%
|
1 653
+1%
|
1 716
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(210)
|
(236)
|
(241)
|
(252)
|
(258)
|
(276)
|
(271)
|
(275)
|
(290)
|
(318)
|
(334)
|
(359)
|
(374)
|
(448)
|
(431)
|
(448)
|
(473)
|
(510)
|
(504)
|
(537)
|
(678)
|
(950)
|
(833)
|
(902)
|
(865)
|
(952)
|
(927)
|
(975)
|
(982)
|
(956)
|
(1 015)
|
(1 017)
|
(1 037)
|
(977)
|
(917)
|
(845)
|
(814)
|
(888)
|
(847)
|
(861)
|
(866)
|
|
Selling, General & Administrative |
(206)
|
(220)
|
(229)
|
(238)
|
(242)
|
(251)
|
(256)
|
(264)
|
(279)
|
(291)
|
(310)
|
(333)
|
(346)
|
(389)
|
(412)
|
(432)
|
(463)
|
(487)
|
(513)
|
(549)
|
(600)
|
(562)
|
(652)
|
(660)
|
(662)
|
(720)
|
(695)
|
(743)
|
(724)
|
(695)
|
(751)
|
(738)
|
(755)
|
(643)
|
(616)
|
(559)
|
(537)
|
(606)
|
(581)
|
(597)
|
(597)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(78)
|
(156)
|
(169)
|
(231)
|
(206)
|
(186)
|
(222)
|
(226)
|
(257)
|
(234)
|
(305)
|
(321)
|
(320)
|
(294)
|
(325)
|
(318)
|
(314)
|
(273)
|
(301)
|
(294)
|
(296)
|
|
Depreciation & Amortization |
0
|
(13)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(44)
|
0
|
0
|
0
|
(67)
|
0
|
0
|
0
|
(89)
|
0
|
0
|
0
|
(79)
|
0
|
0
|
0
|
(72)
|
0
|
0
|
0
|
(64)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(4)
|
(2)
|
(12)
|
(15)
|
(17)
|
(5)
|
(15)
|
(11)
|
(11)
|
(1)
|
(24)
|
(26)
|
(28)
|
(20)
|
(20)
|
(17)
|
(10)
|
21
|
10
|
12
|
(1)
|
(165)
|
(13)
|
(12)
|
3
|
44
|
(11)
|
(7)
|
(2)
|
52
|
41
|
42
|
38
|
31
|
24
|
31
|
37
|
54
|
35
|
31
|
27
|
|
Operating Income |
111
N/A
|
116
+4%
|
136
+17%
|
137
+1%
|
152
+11%
|
192
+26%
|
196
+2%
|
202
+3%
|
183
-9%
|
173
-5%
|
160
-8%
|
159
-1%
|
180
+13%
|
120
-34%
|
151
+26%
|
180
+19%
|
197
+10%
|
238
+20%
|
260
+9%
|
265
+2%
|
275
+4%
|
181
-34%
|
365
+102%
|
401
+10%
|
485
+21%
|
462
-5%
|
422
-9%
|
460
+9%
|
536
+17%
|
649
+21%
|
769
+19%
|
838
+9%
|
789
-6%
|
765
-3%
|
708
-8%
|
722
+2%
|
725
+0%
|
782
+8%
|
789
+1%
|
793
+0%
|
850
+7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(29)
|
(20)
|
(29)
|
(27)
|
(31)
|
(42)
|
(54)
|
276
|
273
|
480
|
491
|
162
|
161
|
(53)
|
(85)
|
(95)
|
(86)
|
(51)
|
(64)
|
(45)
|
(60)
|
(196)
|
(346)
|
(380)
|
(391)
|
(152)
|
(142)
|
(141)
|
(141)
|
(135)
|
(135)
|
(128)
|
(118)
|
(99)
|
(103)
|
(88)
|
(67)
|
(57)
|
(59)
|
(52)
|
(61)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
(6)
|
0
|
(1)
|
(1)
|
24
|
0
|
0
|
0
|
(49)
|
0
|
0
|
0
|
(20)
|
(3)
|
(3)
|
(4)
|
(11)
|
(4)
|
(4)
|
(1)
|
(4)
|
1
|
3
|
3
|
|
Gain/Loss on Disposition of Assets |
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
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 |
30
|
10
|
12
|
14
|
12
|
14
|
15
|
16
|
28
|
26
|
27
|
34
|
24
|
36
|
36
|
21
|
18
|
0
|
(3)
|
1
|
2
|
11
|
8
|
7
|
8
|
(1)
|
(3)
|
(2)
|
(7)
|
1
|
(7)
|
(6)
|
(7)
|
0
|
(3)
|
(0)
|
2
|
6
|
(1)
|
(4)
|
(2)
|
|
Pre-Tax Income |
111
N/A
|
104
-6%
|
116
+12%
|
121
+4%
|
131
+8%
|
164
+25%
|
157
-4%
|
494
+215%
|
484
-2%
|
669
+38%
|
677
+1%
|
353
-48%
|
365
+3%
|
109
-70%
|
102
-7%
|
106
+4%
|
128
+21%
|
180
+41%
|
193
+7%
|
221
+15%
|
217
-2%
|
20
-91%
|
27
+32%
|
28
+3%
|
101
+266%
|
261
+157%
|
277
+6%
|
317
+15%
|
388
+22%
|
495
+28%
|
624
+26%
|
701
+12%
|
660
-6%
|
656
-1%
|
598
-9%
|
631
+5%
|
659
+5%
|
727
+10%
|
730
+0%
|
740
+1%
|
790
+7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(21)
|
(24)
|
(26)
|
(28)
|
(28)
|
(25)
|
(33)
|
(31)
|
(102)
|
(103)
|
(93)
|
(91)
|
(3)
|
(2)
|
(3)
|
(5)
|
(13)
|
(12)
|
(16)
|
(12)
|
14
|
12
|
12
|
(1)
|
(35)
|
(39)
|
(43)
|
(53)
|
(66)
|
(77)
|
(89)
|
(81)
|
(72)
|
(64)
|
(64)
|
(70)
|
(67)
|
(71)
|
(73)
|
(84)
|
|
Income from Continuing Operations |
100
|
83
|
93
|
96
|
103
|
136
|
131
|
460
|
453
|
567
|
574
|
260
|
273
|
106
|
99
|
103
|
123
|
167
|
181
|
206
|
205
|
34
|
39
|
39
|
101
|
226
|
238
|
274
|
335
|
428
|
548
|
612
|
579
|
585
|
533
|
567
|
590
|
660
|
660
|
667
|
706
|
|
Income to Minority Interest |
1
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
1
|
1
|
3
|
2
|
1
|
3
|
5
|
(3)
|
(14)
|
(16)
|
(25)
|
(27)
|
(16)
|
(17)
|
(22)
|
(25)
|
(32)
|
(39)
|
(39)
|
(36)
|
(32)
|
(30)
|
(32)
|
(36)
|
(46)
|
(48)
|
(51)
|
(56)
|
|
Net Income (Common) |
100
N/A
|
83
-17%
|
93
+12%
|
97
+4%
|
104
+8%
|
137
+31%
|
131
-4%
|
460
+250%
|
453
-2%
|
570
+26%
|
577
+1%
|
263
-54%
|
276
+5%
|
107
-61%
|
100
-6%
|
106
+5%
|
125
+18%
|
168
+35%
|
184
+9%
|
210
+14%
|
202
-4%
|
21
-90%
|
23
+13%
|
15
-37%
|
74
+404%
|
210
+183%
|
221
+5%
|
252
+14%
|
310
+23%
|
396
+28%
|
509
+29%
|
572
+12%
|
543
-5%
|
553
+2%
|
503
-9%
|
534
+6%
|
553
+4%
|
614
+11%
|
612
0%
|
616
+1%
|
650
+5%
|
|
EPS (Diluted) |
0.09
N/A
|
0.07
-22%
|
0.08
+14%
|
0.09
+13%
|
0.1
+11%
|
0.12
+20%
|
0.12
N/A
|
0.41
+242%
|
0.4
-2%
|
0.5
+25%
|
0.51
+2%
|
0.23
-55%
|
0.24
+4%
|
0.09
-63%
|
0.08
-11%
|
0.08
N/A
|
0.09
+13%
|
0.13
+44%
|
0.14
+8%
|
0.16
+14%
|
0.16
N/A
|
0.02
-88%
|
0.02
N/A
|
0.02
N/A
|
0.06
+200%
|
0.17
+183%
|
0.17
N/A
|
0.19
+12%
|
0.24
+26%
|
0.31
+29%
|
0.39
+26%
|
0.44
+13%
|
0.42
-5%
|
0.44
+5%
|
0.4
-9%
|
0.43
+7%
|
0.44
+2%
|
0.49
+11%
|
0.49
N/A
|
0.49
N/A
|
0.52
+6%
|