Guangdong Advertising Group Co Ltd
SZSE:002400
Income Statement
Earnings Waterfall
Guangdong Advertising Group Co Ltd
Revenue
|
13.3B
CNY
|
Cost of Revenue
|
-12B
CNY
|
Gross Profit
|
1.3B
CNY
|
Operating Expenses
|
-1.2B
CNY
|
Operating Income
|
98.1M
CNY
|
Other Expenses
|
89.9M
CNY
|
Net Income
|
188M
CNY
|
Income Statement
Guangdong Advertising Group Co Ltd
Dec-2012 | Mar-2013 | Jun-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
4 627
N/A
|
4 820
+4%
|
5 035
+4%
|
5 086
+1%
|
5 591
+10%
|
5 774
+3%
|
5 851
+1%
|
6 025
+3%
|
6 338
+5%
|
6 763
+7%
|
7 563
+12%
|
8 429
+11%
|
9 629
+14%
|
9 836
+2%
|
10 213
+4%
|
10 226
+0%
|
10 915
+7%
|
10 929
+0%
|
10 956
+0%
|
11 192
+2%
|
11 295
+1%
|
11 648
+3%
|
12 202
+5%
|
12 534
+3%
|
12 115
-3%
|
12 081
0%
|
12 000
-1%
|
12 207
+2%
|
11 536
-5%
|
11 588
+0%
|
11 361
-2%
|
11 967
+5%
|
13 291
+11%
|
13 702
+3%
|
13 732
+0%
|
13 511
-2%
|
13 003
-4%
|
13 048
+0%
|
13 015
0%
|
13 269
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 958)
|
(4 099)
|
(4 232)
|
(4 231)
|
(4 583)
|
(4 728)
|
(4 760)
|
(4 865)
|
(5 105)
|
(5 487)
|
(6 223)
|
(6 929)
|
(7 958)
|
(8 073)
|
(8 380)
|
(8 380)
|
(9 003)
|
(9 053)
|
(9 156)
|
(9 488)
|
(9 984)
|
(10 324)
|
(10 825)
|
(11 117)
|
(10 449)
|
(10 432)
|
(10 361)
|
(10 667)
|
(9 857)
|
(9 983)
|
(9 881)
|
(10 534)
|
(11 936)
|
(12 337)
|
(12 372)
|
(12 151)
|
(11 711)
|
(11 722)
|
(11 751)
|
(11 968)
|
|
Gross Profit |
668
N/A
|
722
+8%
|
803
+11%
|
855
+6%
|
1 008
+18%
|
1 046
+4%
|
1 091
+4%
|
1 160
+6%
|
1 233
+6%
|
1 276
+3%
|
1 340
+5%
|
1 501
+12%
|
1 670
+11%
|
1 764
+6%
|
1 833
+4%
|
1 846
+1%
|
1 912
+4%
|
1 877
-2%
|
1 800
-4%
|
1 704
-5%
|
1 312
-23%
|
1 324
+1%
|
1 377
+4%
|
1 417
+3%
|
1 666
+18%
|
1 649
-1%
|
1 639
-1%
|
1 540
-6%
|
1 679
+9%
|
1 604
-4%
|
1 480
-8%
|
1 433
-3%
|
1 355
-5%
|
1 365
+1%
|
1 360
0%
|
1 360
0%
|
1 292
-5%
|
1 327
+3%
|
1 264
-5%
|
1 301
+3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(422)
|
(451)
|
(469)
|
(487)
|
(595)
|
(609)
|
(620)
|
(637)
|
(629)
|
(674)
|
(721)
|
(783)
|
(887)
|
(927)
|
(959)
|
(972)
|
(1 046)
|
(1 053)
|
(1 061)
|
(1 188)
|
(1 649)
|
(1 666)
|
(1 776)
|
(1 778)
|
(1 369)
|
(1 363)
|
(1 355)
|
(1 291)
|
(1 417)
|
(1 363)
|
(1 277)
|
(1 334)
|
(2 216)
|
(2 240)
|
(2 204)
|
(2 096)
|
(1 191)
|
(1 244)
|
(1 200)
|
(1 203)
|
|
Selling, General & Administrative |
(412)
|
(442)
|
(461)
|
(480)
|
(548)
|
(563)
|
(572)
|
(587)
|
(601)
|
(643)
|
(682)
|
(747)
|
(806)
|
(847)
|
(894)
|
(894)
|
(920)
|
(924)
|
(916)
|
(963)
|
(981)
|
(1 004)
|
(1 068)
|
(1 050)
|
(824)
|
(781)
|
(708)
|
(670)
|
(940)
|
(914)
|
(934)
|
(1 059)
|
(924)
|
(937)
|
(872)
|
(698)
|
(896)
|
(917)
|
(919)
|
(961)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(24)
|
(275)
|
(300)
|
(386)
|
(412)
|
(263)
|
(267)
|
(239)
|
(243)
|
(264)
|
(288)
|
(292)
|
(344)
|
(305)
|
(296)
|
(294)
|
(264)
|
|
Other Operating Expenses |
(10)
|
(9)
|
(8)
|
(7)
|
(48)
|
(46)
|
(48)
|
(49)
|
(27)
|
(31)
|
(39)
|
(36)
|
(81)
|
(79)
|
(65)
|
(77)
|
(126)
|
(129)
|
(146)
|
(226)
|
(668)
|
(661)
|
(708)
|
(705)
|
(270)
|
(282)
|
(261)
|
(210)
|
(214)
|
(182)
|
(105)
|
(31)
|
(1 028)
|
(1 016)
|
(1 040)
|
(1 055)
|
10
|
(30)
|
12
|
22
|
|
Operating Income |
247
N/A
|
271
+10%
|
333
+23%
|
368
+10%
|
413
+12%
|
438
+6%
|
472
+8%
|
524
+11%
|
604
+15%
|
602
0%
|
619
+3%
|
717
+16%
|
783
+9%
|
837
+7%
|
875
+5%
|
875
0%
|
866
-1%
|
823
-5%
|
739
-10%
|
516
-30%
|
(337)
N/A
|
(341)
-1%
|
(399)
-17%
|
(361)
+9%
|
297
N/A
|
287
-3%
|
284
-1%
|
248
-13%
|
262
+6%
|
242
-8%
|
204
-16%
|
99
-51%
|
(861)
N/A
|
(875)
-2%
|
(844)
+3%
|
(737)
+13%
|
101
N/A
|
83
-18%
|
64
-23%
|
98
+54%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
29
|
27
|
26
|
24
|
22
|
21
|
25
|
26
|
25
|
23
|
17
|
13
|
2
|
(8)
|
9
|
2
|
(9)
|
(0)
|
0
|
13
|
155
|
160
|
150
|
139
|
56
|
53
|
65
|
72
|
6
|
12
|
(11)
|
(2)
|
(21)
|
(34)
|
(22)
|
(40)
|
36
|
72
|
41
|
45
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
0
|
(1)
|
(1)
|
(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)
|
|
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
|
|
Total Other Income |
2
|
3
|
2
|
3
|
25
|
24
|
25
|
25
|
4
|
6
|
19
|
24
|
32
|
37
|
32
|
34
|
30
|
26
|
37
|
40
|
80
|
79
|
68
|
68
|
(19)
|
(20)
|
(24)
|
(31)
|
12
|
11
|
14
|
7
|
4
|
15
|
4
|
21
|
97
|
86
|
136
|
114
|
|
Pre-Tax Income |
278
N/A
|
300
+8%
|
362
+20%
|
395
+9%
|
460
+16%
|
483
+5%
|
520
+8%
|
573
+10%
|
631
+10%
|
630
0%
|
655
+4%
|
754
+15%
|
817
+8%
|
865
+6%
|
914
+6%
|
910
-1%
|
886
-3%
|
848
-4%
|
775
-9%
|
569
-27%
|
(102)
N/A
|
(102)
+0%
|
(181)
-77%
|
(154)
+15%
|
333
N/A
|
319
-4%
|
324
+2%
|
290
-11%
|
280
-3%
|
265
-6%
|
208
-22%
|
104
-50%
|
(878)
N/A
|
(894)
-2%
|
(862)
+4%
|
(756)
+12%
|
233
N/A
|
239
+3%
|
240
+0%
|
256
+7%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(64)
|
(70)
|
(84)
|
(94)
|
(113)
|
(116)
|
(125)
|
(139)
|
(144)
|
(143)
|
(147)
|
(177)
|
(210)
|
(219)
|
(225)
|
(208)
|
(188)
|
(173)
|
(148)
|
(121)
|
1
|
(1)
|
6
|
7
|
(81)
|
(80)
|
(92)
|
(81)
|
(98)
|
(105)
|
(85)
|
(81)
|
(24)
|
(10)
|
(21)
|
(19)
|
(40)
|
(49)
|
(44)
|
(65)
|
|
Income from Continuing Operations |
214
|
231
|
278
|
301
|
347
|
367
|
395
|
434
|
487
|
487
|
507
|
577
|
607
|
646
|
689
|
702
|
698
|
676
|
627
|
448
|
(102)
|
(104)
|
(175)
|
(147)
|
253
|
239
|
232
|
209
|
183
|
160
|
123
|
23
|
(901)
|
(904)
|
(883)
|
(774)
|
193
|
190
|
196
|
191
|
|
Income to Minority Interest |
(33)
|
(33)
|
(46)
|
(52)
|
(59)
|
(59)
|
(54)
|
(63)
|
(62)
|
(55)
|
(48)
|
(50)
|
(59)
|
(64)
|
(81)
|
(82)
|
(87)
|
(89)
|
(85)
|
(92)
|
(83)
|
(80)
|
(76)
|
(61)
|
(67)
|
(69)
|
(65)
|
(61)
|
(33)
|
(40)
|
(31)
|
(37)
|
(31)
|
(17)
|
(15)
|
(1)
|
(9)
|
(6)
|
(2)
|
(3)
|
|
Net Income (Common) |
181
N/A
|
198
+9%
|
232
+17%
|
249
+7%
|
288
+15%
|
308
+7%
|
342
+11%
|
372
+9%
|
425
+14%
|
432
+2%
|
459
+6%
|
527
+15%
|
548
+4%
|
582
+6%
|
608
+4%
|
620
+2%
|
611
-1%
|
587
-4%
|
542
-8%
|
356
-34%
|
(184)
N/A
|
(184)
+0%
|
(251)
-37%
|
(207)
+17%
|
186
N/A
|
170
-9%
|
167
-1%
|
148
-11%
|
150
+1%
|
120
-20%
|
92
-23%
|
(13)
N/A
|
(932)
-6 911%
|
(921)
+1%
|
(898)
+2%
|
(776)
+14%
|
184
N/A
|
185
+0%
|
194
+5%
|
188
-3%
|