Western Metal Materials Co Ltd
SZSE:002149
Income Statement
Earnings Waterfall
Western Metal Materials Co Ltd
Revenue
|
3.2B
CNY
|
Cost of Revenue
|
-2.5B
CNY
|
Gross Profit
|
683.8m
CNY
|
Operating Expenses
|
-367.9m
CNY
|
Operating Income
|
315.9m
CNY
|
Other Expenses
|
-119.7m
CNY
|
Net Income
|
196.2m
CNY
|
Income Statement
Western Metal Materials 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 |
1 145
N/A
|
1 089
-5%
|
1 119
+3%
|
923
-17%
|
1 225
+33%
|
1 117
-9%
|
1 109
-1%
|
1 174
+6%
|
983
-16%
|
1 010
+3%
|
1 020
+1%
|
1 095
+7%
|
1 213
+11%
|
1 264
+4%
|
1 259
0%
|
1 302
+3%
|
1 559
+20%
|
1 521
-2%
|
1 689
+11%
|
1 713
+1%
|
1 720
+0%
|
1 767
+3%
|
1 841
+4%
|
2 039
+11%
|
2 006
-2%
|
1 993
-1%
|
2 024
+2%
|
1 975
-2%
|
2 029
+3%
|
2 179
+7%
|
2 278
+5%
|
2 341
+3%
|
2 395
+2%
|
2 421
+1%
|
2 705
+12%
|
2 797
+3%
|
2 941
+5%
|
3 175
+8%
|
3 047
-4%
|
3 130
+3%
|
3 226
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(955)
|
(904)
|
(934)
|
(724)
|
(1 003)
|
(921)
|
(930)
|
(1 026)
|
(985)
|
(931)
|
(904)
|
(946)
|
(1 007)
|
(1 047)
|
(1 033)
|
(1 054)
|
(1 263)
|
(1 220)
|
(1 374)
|
(1 402)
|
(1 362)
|
(1 402)
|
(1 433)
|
(1 608)
|
(1 594)
|
(1 605)
|
(1 663)
|
(1 605)
|
(1 619)
|
(1 690)
|
(1 768)
|
(1 814)
|
(1 866)
|
(1 889)
|
(2 118)
|
(2 191)
|
(2 307)
|
(2 509)
|
(2 365)
|
(2 418)
|
(2 543)
|
|
Gross Profit |
190
N/A
|
185
-3%
|
185
0%
|
200
+8%
|
221
+11%
|
196
-11%
|
179
-9%
|
148
-17%
|
(2)
N/A
|
79
N/A
|
116
+47%
|
148
+28%
|
207
+39%
|
217
+5%
|
226
+4%
|
249
+10%
|
296
+19%
|
301
+2%
|
315
+4%
|
310
-1%
|
358
+15%
|
365
+2%
|
408
+12%
|
431
+6%
|
412
-4%
|
388
-6%
|
361
-7%
|
370
+2%
|
410
+11%
|
489
+19%
|
510
+4%
|
527
+3%
|
528
+0%
|
532
+1%
|
587
+10%
|
606
+3%
|
634
+5%
|
666
+5%
|
682
+2%
|
712
+4%
|
684
-4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(164)
|
(161)
|
(156)
|
(156)
|
(148)
|
(155)
|
(164)
|
(163)
|
(165)
|
(218)
|
(221)
|
(231)
|
(195)
|
(207)
|
(188)
|
(181)
|
(155)
|
(148)
|
(168)
|
(168)
|
(195)
|
(194)
|
(227)
|
(244)
|
(231)
|
(234)
|
(210)
|
(210)
|
(219)
|
(230)
|
(247)
|
(265)
|
(310)
|
(326)
|
(347)
|
(348)
|
(335)
|
(373)
|
(391)
|
(398)
|
(368)
|
|
Selling, General & Administrative |
(143)
|
(140)
|
(139)
|
(140)
|
(111)
|
(144)
|
(149)
|
(145)
|
(106)
|
(151)
|
(145)
|
(153)
|
(112)
|
(178)
|
(182)
|
(175)
|
(141)
|
(162)
|
(171)
|
(176)
|
(151)
|
(179)
|
(166)
|
(167)
|
(168)
|
(150)
|
(147)
|
(146)
|
(174)
|
(167)
|
(177)
|
(190)
|
(216)
|
(213)
|
(235)
|
(237)
|
(234)
|
(221)
|
(224)
|
(225)
|
(253)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(51)
|
0
|
0
|
(4)
|
(31)
|
0
|
0
|
(30)
|
(47)
|
(40)
|
(73)
|
(84)
|
(97)
|
(103)
|
(98)
|
(102)
|
(61)
|
(98)
|
(101)
|
(103)
|
(100)
|
(140)
|
(143)
|
(146)
|
(138)
|
(182)
|
(195)
|
(209)
|
(155)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(24)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(38)
|
|
Other Operating Expenses |
(21)
|
(22)
|
(17)
|
(16)
|
(1)
|
(12)
|
(14)
|
(17)
|
(8)
|
(67)
|
(76)
|
(78)
|
(5)
|
(29)
|
(6)
|
(2)
|
49
|
13
|
3
|
38
|
39
|
26
|
11
|
6
|
40
|
20
|
35
|
38
|
57
|
33
|
31
|
27
|
48
|
28
|
31
|
35
|
76
|
30
|
29
|
37
|
78
|
|
Operating Income |
26
N/A
|
24
-8%
|
29
+20%
|
44
+53%
|
73
+67%
|
41
-44%
|
16
-62%
|
(14)
N/A
|
(168)
-1 080%
|
(139)
+17%
|
(105)
+24%
|
(82)
+22%
|
12
N/A
|
9
-22%
|
38
+303%
|
68
+82%
|
141
+106%
|
153
+9%
|
147
-4%
|
143
-3%
|
162
+14%
|
172
+6%
|
181
+5%
|
186
+3%
|
181
-3%
|
154
-15%
|
151
-2%
|
160
+6%
|
191
+20%
|
259
+35%
|
263
+1%
|
262
0%
|
219
-17%
|
207
-5%
|
240
+16%
|
258
+7%
|
299
+16%
|
293
-2%
|
291
-1%
|
314
+8%
|
316
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(9)
|
(6)
|
(3)
|
(1)
|
(72)
|
(74)
|
(77)
|
(77)
|
(68)
|
(73)
|
(71)
|
(69)
|
(57)
|
(53)
|
(43)
|
(38)
|
(31)
|
(36)
|
(43)
|
(43)
|
(46)
|
(48)
|
(45)
|
(45)
|
(43)
|
(46)
|
(47)
|
(47)
|
(39)
|
(37)
|
(35)
|
(33)
|
(37)
|
(42)
|
(19)
|
(15)
|
(29)
|
(2)
|
(7)
|
(8)
|
(11)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
2
|
(1)
|
(1)
|
0
|
1
|
(2)
|
0
|
0
|
(0)
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
1
|
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 |
48
|
50
|
46
|
45
|
39
|
41
|
39
|
45
|
39
|
39
|
43
|
43
|
88
|
90
|
72
|
61
|
1
|
(6)
|
2
|
2
|
2
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
0
|
(0)
|
2
|
2
|
2
|
1
|
(0)
|
(2)
|
(2)
|
(0)
|
2
|
|
Pre-Tax Income |
65
N/A
|
67
+3%
|
71
+6%
|
88
+23%
|
41
-53%
|
8
-81%
|
(23)
N/A
|
(47)
-103%
|
(201)
-331%
|
(173)
+14%
|
(133)
+23%
|
(108)
+19%
|
43
N/A
|
45
+7%
|
67
+46%
|
91
+37%
|
111
+22%
|
112
+1%
|
106
-5%
|
102
-4%
|
120
+17%
|
127
+6%
|
138
+9%
|
143
+3%
|
136
-5%
|
104
-24%
|
104
0%
|
113
+9%
|
152
+34%
|
223
+47%
|
228
+2%
|
228
+0%
|
182
-20%
|
167
-8%
|
224
+34%
|
244
+9%
|
268
+10%
|
290
+8%
|
283
-2%
|
306
+8%
|
306
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(14)
|
(14)
|
(14)
|
(21)
|
(2)
|
(2)
|
2
|
8
|
26
|
25
|
22
|
18
|
(2)
|
(1)
|
(6)
|
(8)
|
(20)
|
(20)
|
(18)
|
(18)
|
(17)
|
(18)
|
(20)
|
(20)
|
(19)
|
(13)
|
(13)
|
(16)
|
(28)
|
(39)
|
(36)
|
(34)
|
(6)
|
(1)
|
(9)
|
(9)
|
(10)
|
(12)
|
(11)
|
(17)
|
(26)
|
|
Income from Continuing Operations |
52
|
54
|
57
|
67
|
39
|
6
|
(21)
|
(39)
|
(175)
|
(148)
|
(111)
|
(91)
|
41
|
44
|
60
|
82
|
91
|
92
|
89
|
84
|
103
|
109
|
118
|
123
|
117
|
91
|
90
|
98
|
124
|
184
|
191
|
194
|
176
|
165
|
215
|
235
|
258
|
278
|
271
|
289
|
280
|
|
Income to Minority Interest |
(32)
|
(30)
|
(31)
|
(29)
|
(34)
|
(25)
|
(28)
|
(23)
|
43
|
37
|
37
|
34
|
(20)
|
(17)
|
(24)
|
(34)
|
(37)
|
(36)
|
(32)
|
(29)
|
(43)
|
(48)
|
(55)
|
(58)
|
(55)
|
(45)
|
(40)
|
(41)
|
(45)
|
(60)
|
(55)
|
(48)
|
(43)
|
(42)
|
(60)
|
(70)
|
(73)
|
(79)
|
(76)
|
(88)
|
(84)
|
|
Net Income (Common) |
20
N/A
|
24
+18%
|
26
+10%
|
38
+44%
|
6
-85%
|
(19)
N/A
|
(50)
-158%
|
(62)
-25%
|
(132)
-114%
|
(110)
+17%
|
(74)
+33%
|
(57)
+24%
|
21
N/A
|
27
+27%
|
36
+35%
|
49
+34%
|
54
+12%
|
56
+4%
|
57
+2%
|
56
-3%
|
60
+8%
|
61
+1%
|
63
+3%
|
64
+2%
|
62
-4%
|
46
-25%
|
51
+10%
|
57
+12%
|
79
+40%
|
124
+57%
|
137
+10%
|
146
+7%
|
133
-9%
|
123
-7%
|
154
+25%
|
165
+7%
|
185
+12%
|
199
+7%
|
195
-2%
|
201
+3%
|
196
-2%
|
|
EPS (Diluted) |
0.06
N/A
|
0.07
+17%
|
0.08
+14%
|
0.11
+38%
|
0.02
-82%
|
-0.05
N/A
|
-0.14
-180%
|
-0.17
-21%
|
-0.38
-124%
|
-0.32
+16%
|
-0.22
+31%
|
-0.14
+36%
|
0.06
N/A
|
0.07
+17%
|
0.09
+29%
|
0.12
+33%
|
0.13
+8%
|
0.13
N/A
|
0.13
N/A
|
0.12
-8%
|
0.14
+17%
|
0.13
-7%
|
0.14
+8%
|
0.15
+7%
|
0.14
-7%
|
0.12
-14%
|
0.13
+8%
|
0.14
+8%
|
0.19
+36%
|
0.25
+32%
|
0.29
+16%
|
0.31
+7%
|
0.27
-13%
|
0.25
-7%
|
0.32
+28%
|
0.34
+6%
|
0.38
+12%
|
0.41
+8%
|
0.4
-2%
|
0.41
+2%
|
0.4
-2%
|