Hangzhou Zhongheng Electric Co Ltd
SZSE:002364
Income Statement
Earnings Waterfall
Hangzhou Zhongheng Electric Co Ltd
Revenue
|
1.6B
CNY
|
Cost of Revenue
|
-1.2B
CNY
|
Gross Profit
|
395.9m
CNY
|
Operating Expenses
|
-388.6m
CNY
|
Operating Income
|
7.2m
CNY
|
Other Expenses
|
36.8m
CNY
|
Net Income
|
44.1m
CNY
|
Income Statement
Hangzhou Zhongheng Electric Co Ltd
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 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
459
N/A
|
474
+3%
|
528
+11%
|
601
+14%
|
649
+8%
|
704
+9%
|
751
+7%
|
842
+12%
|
880
+5%
|
908
+3%
|
900
-1%
|
891
-1%
|
868
-3%
|
861
-1%
|
863
+0%
|
866
+0%
|
870
+0%
|
856
-2%
|
898
+5%
|
984
+10%
|
1 021
+4%
|
1 016
-1%
|
1 026
+1%
|
1 174
+14%
|
1 041
-11%
|
1 203
+16%
|
1 352
+12%
|
1 434
+6%
|
1 604
+12%
|
1 687
+5%
|
1 710
+1%
|
1 819
+6%
|
1 835
+1%
|
1 781
-3%
|
1 764
-1%
|
1 609
-9%
|
1 625
+1%
|
1 642
+1%
|
1 566
-5%
|
1 555
-1%
|
1 636
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(246)
|
(253)
|
(286)
|
(325)
|
(363)
|
(402)
|
(426)
|
(493)
|
(502)
|
(492)
|
(489)
|
(498)
|
(514)
|
(535)
|
(558)
|
(580)
|
(605)
|
(596)
|
(600)
|
(658)
|
(696)
|
(678)
|
(705)
|
(780)
|
(699)
|
(828)
|
(941)
|
(1 018)
|
(1 134)
|
(1 223)
|
(1 262)
|
(1 342)
|
(1 365)
|
(1 332)
|
(1 329)
|
(1 274)
|
(1 302)
|
(1 327)
|
(1 244)
|
(1 170)
|
(1 240)
|
|
Gross Profit |
213
N/A
|
221
+4%
|
242
+10%
|
276
+14%
|
286
+4%
|
303
+6%
|
325
+7%
|
349
+7%
|
378
+8%
|
415
+10%
|
410
-1%
|
393
-4%
|
354
-10%
|
327
-8%
|
306
-6%
|
286
-6%
|
265
-7%
|
260
-2%
|
298
+15%
|
326
+9%
|
325
0%
|
338
+4%
|
321
-5%
|
394
+23%
|
342
-13%
|
374
+10%
|
412
+10%
|
416
+1%
|
470
+13%
|
464
-1%
|
448
-3%
|
477
+6%
|
470
-1%
|
449
-4%
|
435
-3%
|
335
-23%
|
323
-3%
|
314
-3%
|
322
+2%
|
386
+20%
|
396
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(116)
|
(115)
|
(123)
|
(142)
|
(141)
|
(150)
|
(164)
|
(222)
|
(234)
|
(247)
|
(248)
|
(248)
|
(236)
|
(248)
|
(253)
|
(243)
|
(268)
|
(262)
|
(266)
|
(270)
|
(261)
|
(272)
|
(276)
|
(310)
|
(304)
|
(315)
|
(327)
|
(346)
|
(373)
|
(396)
|
(388)
|
(389)
|
(383)
|
(383)
|
(413)
|
(394)
|
(395)
|
(383)
|
(385)
|
(372)
|
(389)
|
|
Selling, General & Administrative |
(109)
|
(110)
|
(115)
|
(98)
|
(131)
|
(135)
|
(150)
|
(157)
|
(210)
|
(224)
|
(227)
|
(153)
|
(225)
|
(239)
|
(245)
|
(167)
|
(244)
|
(245)
|
(228)
|
(187)
|
(186)
|
(169)
|
(167)
|
(213)
|
(200)
|
(208)
|
(224)
|
(253)
|
(261)
|
(258)
|
(250)
|
(242)
|
(234)
|
(239)
|
(255)
|
(222)
|
(222)
|
(219)
|
(224)
|
(231)
|
(229)
|
|
Research & Development |
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(56)
|
0
|
0
|
0
|
(82)
|
0
|
0
|
0
|
(88)
|
0
|
0
|
(23)
|
(86)
|
(74)
|
(102)
|
(100)
|
(105)
|
(108)
|
(109)
|
(116)
|
(115)
|
(128)
|
(149)
|
(149)
|
(153)
|
(162)
|
(157)
|
(174)
|
(173)
|
(171)
|
(162)
|
(153)
|
(142)
|
(149)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(17)
|
0
|
|
Other Operating Expenses |
(7)
|
(5)
|
(8)
|
(0)
|
(10)
|
(14)
|
(14)
|
(0)
|
(24)
|
(23)
|
(21)
|
(3)
|
(11)
|
(8)
|
(8)
|
21
|
(24)
|
(17)
|
(16)
|
13
|
(2)
|
(2)
|
(10)
|
17
|
4
|
3
|
13
|
32
|
16
|
11
|
11
|
17
|
13
|
13
|
16
|
13
|
(2)
|
(1)
|
(8)
|
18
|
(11)
|
|
Operating Income |
98
N/A
|
106
+9%
|
119
+13%
|
134
+12%
|
144
+8%
|
153
+6%
|
161
+5%
|
126
-21%
|
144
+14%
|
169
+17%
|
162
-4%
|
146
-10%
|
118
-19%
|
79
-33%
|
53
-34%
|
43
-19%
|
(3)
N/A
|
(2)
+41%
|
32
N/A
|
55
+75%
|
64
+15%
|
66
+3%
|
45
-31%
|
84
+86%
|
38
-55%
|
60
+59%
|
85
+42%
|
69
-18%
|
97
+40%
|
68
-30%
|
60
-12%
|
88
+46%
|
87
-1%
|
66
-24%
|
22
-66%
|
(59)
N/A
|
(72)
-21%
|
(69)
+5%
|
(63)
+7%
|
14
N/A
|
7
-48%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
1
|
0
|
(1)
|
(3)
|
(3)
|
(4)
|
(7)
|
(9)
|
(11)
|
(11)
|
(2)
|
2
|
9
|
16
|
18
|
25
|
25
|
25
|
17
|
21
|
19
|
17
|
11
|
6
|
14
|
18
|
4
|
11
|
0
|
(9)
|
(6)
|
(7)
|
(6)
|
(3)
|
2
|
2
|
2
|
22
|
6
|
26
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
(7)
|
(0)
|
0
|
0
|
(10)
|
0
|
1
|
0
|
5
|
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 |
7
|
8
|
7
|
11
|
10
|
14
|
17
|
16
|
14
|
12
|
12
|
21
|
27
|
23
|
26
|
28
|
21
|
22
|
20
|
1
|
1
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
16
|
17
|
35
|
34
|
17
|
18
|
(0)
|
1
|
0
|
1
|
1
|
1
|
0
|
1
|
(5)
|
|
Pre-Tax Income |
108
N/A
|
115
+7%
|
126
+10%
|
143
+14%
|
151
+6%
|
164
+9%
|
174
+6%
|
132
-24%
|
150
+14%
|
170
+14%
|
163
-4%
|
164
+1%
|
147
-11%
|
111
-24%
|
95
-15%
|
60
-37%
|
43
-28%
|
46
+6%
|
76
+67%
|
88
+15%
|
86
-2%
|
86
+1%
|
61
-30%
|
83
+36%
|
43
-48%
|
72
+68%
|
118
+64%
|
93
-21%
|
143
+54%
|
103
-28%
|
68
-34%
|
93
+37%
|
79
-15%
|
61
-24%
|
20
-67%
|
(66)
N/A
|
(69)
-4%
|
(65)
+6%
|
(41)
+37%
|
26
N/A
|
28
+10%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(13)
|
(15)
|
(18)
|
(19)
|
(22)
|
(23)
|
15
|
11
|
9
|
11
|
(2)
|
4
|
10
|
14
|
(1)
|
(2)
|
(4)
|
(7)
|
(17)
|
(15)
|
(15)
|
(15)
|
(9)
|
(5)
|
(7)
|
(10)
|
(14)
|
(21)
|
(15)
|
(9)
|
(8)
|
(6)
|
(5)
|
9
|
10
|
13
|
11
|
(0)
|
17
|
16
|
|
Income from Continuing Operations |
94
|
101
|
111
|
126
|
132
|
143
|
151
|
147
|
161
|
179
|
174
|
162
|
150
|
122
|
109
|
59
|
41
|
42
|
69
|
71
|
71
|
71
|
46
|
73
|
37
|
65
|
108
|
80
|
123
|
88
|
59
|
84
|
73
|
56
|
29
|
(56)
|
(56)
|
(54)
|
(41)
|
42
|
44
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
(3)
|
(2)
|
(2)
|
0
|
(4)
|
(3)
|
(1)
|
(2)
|
5
|
3
|
2
|
3
|
6
|
6
|
7
|
4
|
3
|
4
|
3
|
3
|
5
|
6
|
5
|
6
|
5
|
3
|
2
|
(1)
|
1
|
1
|
1
|
1
|
(3)
|
0
|
|
Net Income (Common) |
94
N/A
|
101
+8%
|
111
+10%
|
126
+13%
|
132
+5%
|
144
+9%
|
152
+6%
|
144
-5%
|
159
+11%
|
177
+11%
|
175
-2%
|
158
-9%
|
148
-7%
|
120
-18%
|
107
-11%
|
64
-40%
|
44
-31%
|
44
N/A
|
73
+66%
|
77
+6%
|
77
+1%
|
78
+0%
|
50
-36%
|
77
+53%
|
41
-47%
|
68
+66%
|
110
+63%
|
85
-23%
|
128
+51%
|
93
-27%
|
64
-31%
|
89
+39%
|
76
-15%
|
57
-25%
|
29
-50%
|
(56)
N/A
|
(55)
+1%
|
(53)
+3%
|
(40)
+24%
|
39
N/A
|
44
+12%
|
|
EPS (Diluted) |
0.19
N/A
|
0.2
+5%
|
0.22
+10%
|
0.24
+9%
|
0.26
+8%
|
0.28
+8%
|
0.29
+4%
|
0.27
-7%
|
0.3
+11%
|
0.34
+13%
|
0.3
-12%
|
0.29
-3%
|
0.27
-7%
|
0.21
-22%
|
0.19
-10%
|
0.11
-42%
|
0.08
-27%
|
0.08
N/A
|
0.13
+63%
|
0.14
+8%
|
0.14
N/A
|
0.14
N/A
|
0.09
-36%
|
0.14
+56%
|
0.08
-43%
|
0.13
+63%
|
0.2
+54%
|
0.16
-20%
|
0.21
+31%
|
0.15
-29%
|
0.1
-33%
|
0.16
+60%
|
0.14
-13%
|
0.1
-29%
|
0.05
-50%
|
-0.1
N/A
|
-0.1
N/A
|
-0.09
+10%
|
-0.07
+22%
|
0.07
N/A
|
0.08
+14%
|