Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
Income Statement
Earnings Waterfall
Hangzhou Hikvision Digital Technology Co Ltd
Revenue
|
84.7B
CNY
|
Cost of Revenue
|
-48.1B
CNY
|
Gross Profit
|
36.7B
CNY
|
Operating Expenses
|
-22.4B
CNY
|
Operating Income
|
14.2B
CNY
|
Other Expenses
|
-1.4B
CNY
|
Net Income
|
12.8B
CNY
|
Income Statement
Hangzhou Hikvision Digital Technology 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 |
9 276
N/A
|
10 746
+16%
|
11 644
+8%
|
12 854
+10%
|
14 556
+13%
|
17 233
+18%
|
18 926
+10%
|
21 013
+11%
|
23 240
+11%
|
25 271
+9%
|
26 183
+4%
|
28 029
+7%
|
29 739
+6%
|
31 935
+7%
|
33 779
+6%
|
35 829
+6%
|
38 520
+8%
|
41 905
+9%
|
44 227
+6%
|
46 334
+5%
|
47 979
+4%
|
49 837
+4%
|
50 414
+1%
|
52 884
+5%
|
55 873
+6%
|
57 658
+3%
|
57 145
-1%
|
58 006
+2%
|
59 840
+3%
|
63 503
+6%
|
68 062
+7%
|
73 134
+7%
|
77 111
+5%
|
81 420
+6%
|
83 953
+3%
|
84 775
+1%
|
85 512
+1%
|
83 166
-3%
|
82 846
0%
|
83 480
+1%
|
84 720
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 882)
|
(5 672)
|
(6 252)
|
(6 884)
|
(7 908)
|
(9 633)
|
(10 752)
|
(12 181)
|
(13 798)
|
(15 162)
|
(15 981)
|
(17 289)
|
(18 002)
|
(18 710)
|
(19 934)
|
(20 888)
|
(22 149)
|
(23 628)
|
(24 957)
|
(26 008)
|
(26 988)
|
(27 715)
|
(28 250)
|
(29 146)
|
(30 600)
|
(31 338)
|
(31 008)
|
(30 912)
|
(32 211)
|
(34 319)
|
(36 901)
|
(40 497)
|
(42 402)
|
(45 764)
|
(47 752)
|
(48 847)
|
(50 440)
|
(48 470)
|
(48 223)
|
(48 081)
|
(48 064)
|
|
Gross Profit |
4 395
N/A
|
5 074
+15%
|
5 392
+6%
|
5 971
+11%
|
6 649
+11%
|
7 600
+14%
|
8 176
+8%
|
8 833
+8%
|
9 444
+7%
|
10 110
+7%
|
10 202
+1%
|
10 739
+5%
|
11 735
+9%
|
13 225
+13%
|
13 845
+5%
|
14 942
+8%
|
16 373
+10%
|
18 278
+12%
|
19 271
+5%
|
20 327
+5%
|
20 991
+3%
|
22 122
+5%
|
22 165
+0%
|
23 739
+7%
|
25 274
+6%
|
26 320
+4%
|
26 138
-1%
|
27 095
+4%
|
27 630
+2%
|
29 185
+6%
|
31 161
+7%
|
32 636
+5%
|
34 709
+6%
|
35 656
+3%
|
36 201
+2%
|
35 928
-1%
|
35 073
-2%
|
34 696
-1%
|
34 623
0%
|
35 399
+2%
|
36 656
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 985)
|
(2 230)
|
(2 364)
|
(2 704)
|
(3 014)
|
(3 468)
|
(3 748)
|
(3 992)
|
(4 237)
|
(4 918)
|
(4 875)
|
(5 298)
|
(5 852)
|
(6 628)
|
(6 505)
|
(6 836)
|
(7 201)
|
(7 675)
|
(8 008)
|
(9 023)
|
(9 549)
|
(10 261)
|
(10 781)
|
(11 395)
|
(12 296)
|
(13 340)
|
(13 415)
|
(13 820)
|
(13 716)
|
(13 874)
|
(14 743)
|
(15 563)
|
(16 725)
|
(17 510)
|
(18 022)
|
(18 833)
|
(19 801)
|
(20 947)
|
(21 557)
|
(21 974)
|
(22 412)
|
|
Selling, General & Administrative |
(1 879)
|
(1 267)
|
(2 207)
|
(2 519)
|
(2 825)
|
(2 103)
|
(3 484)
|
(3 754)
|
(3 996)
|
(3 113)
|
(4 581)
|
(4 966)
|
(5 477)
|
(4 069)
|
(6 508)
|
(7 105)
|
(6 953)
|
(5 999)
|
(7 528)
|
(8 561)
|
(8 960)
|
(7 670)
|
(6 884)
|
(6 196)
|
(6 831)
|
(9 519)
|
(9 330)
|
(9 660)
|
(9 469)
|
(9 518)
|
(10 020)
|
(10 299)
|
(11 006)
|
(11 459)
|
(11 494)
|
(12 015)
|
(12 377)
|
(13 074)
|
(13 305)
|
(13 489)
|
(13 770)
|
|
Research & Development |
0
|
(922)
|
0
|
0
|
0
|
(1 301)
|
0
|
0
|
0
|
(1 723)
|
0
|
0
|
0
|
(2 433)
|
0
|
0
|
(837)
|
(3 194)
|
0
|
0
|
(2 067)
|
(4 331)
|
(2 224)
|
(3 670)
|
(4 007)
|
(5 248)
|
(5 643)
|
(6 042)
|
(6 217)
|
(6 160)
|
(6 848)
|
(7 193)
|
(7 701)
|
(7 952)
|
(8 632)
|
(9 049)
|
(9 545)
|
(9 496)
|
(10 211)
|
(10 425)
|
(10 631)
|
|
Depreciation & Amortization |
0
|
(36)
|
0
|
0
|
0
|
(55)
|
0
|
0
|
0
|
(66)
|
0
|
0
|
0
|
(114)
|
0
|
0
|
0
|
(138)
|
0
|
0
|
0
|
(323)
|
0
|
0
|
0
|
(435)
|
0
|
0
|
0
|
(472)
|
0
|
0
|
0
|
(703)
|
0
|
0
|
0
|
(819)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(107)
|
(5)
|
(158)
|
(185)
|
(189)
|
(9)
|
(264)
|
(239)
|
(242)
|
(18)
|
(294)
|
(331)
|
(374)
|
(12)
|
1
|
267
|
589
|
1 656
|
(480)
|
(462)
|
1 477
|
2 063
|
(1 673)
|
(1 529)
|
(1 458)
|
1 863
|
1 556
|
1 881
|
1 969
|
2 277
|
2 125
|
1 929
|
1 981
|
2 605
|
2 103
|
2 231
|
2 120
|
2 443
|
1 958
|
1 940
|
1 990
|
|
Operating Income |
2 409
N/A
|
2 844
+18%
|
3 027
+6%
|
3 265
+8%
|
3 633
+11%
|
4 133
+14%
|
4 426
+7%
|
4 840
+9%
|
5 205
+8%
|
5 191
0%
|
5 327
+3%
|
5 442
+2%
|
5 885
+8%
|
6 596
+12%
|
7 339
+11%
|
8 104
+10%
|
9 169
+13%
|
10 602
+16%
|
11 262
+6%
|
11 303
+0%
|
11 442
+1%
|
11 861
+4%
|
11 384
-4%
|
12 344
+8%
|
12 978
+5%
|
12 981
+0%
|
12 722
-2%
|
13 275
+4%
|
13 914
+5%
|
15 311
+10%
|
16 420
+7%
|
17 074
+4%
|
17 985
+5%
|
18 146
+1%
|
18 179
+0%
|
17 095
-6%
|
15 271
-11%
|
13 749
-10%
|
13 066
-5%
|
13 425
+3%
|
14 244
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
93
|
130
|
111
|
159
|
205
|
245
|
266
|
257
|
257
|
303
|
246
|
290
|
271
|
238
|
223
|
132
|
(69)
|
(161)
|
(467)
|
28
|
387
|
511
|
646
|
412
|
723
|
721
|
992
|
897
|
36
|
(115)
|
(177)
|
(217)
|
240
|
463
|
217
|
839
|
911
|
1 089
|
1 144
|
826
|
581
|
|
Non-Reccuring Items |
0
|
(27)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
1
|
1
|
2
|
4
|
2
|
2
|
(38)
|
1
|
1
|
1
|
6
|
4
|
4
|
4
|
1
|
3
|
3
|
11
|
(134)
|
25
|
20
|
12
|
(56)
|
(14)
|
(10)
|
(19)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
|
Total Other Income |
397
|
439
|
496
|
547
|
604
|
829
|
969
|
1 019
|
1 088
|
1 254
|
1 326
|
1 442
|
1 513
|
1 481
|
1 167
|
876
|
637
|
44
|
44
|
82
|
55
|
103
|
109
|
63
|
40
|
55
|
49
|
43
|
40
|
83
|
67
|
75
|
24
|
1
|
3
|
(2)
|
72
|
73
|
83
|
94
|
72
|
|
Pre-Tax Income |
2 899
N/A
|
3 386
+17%
|
3 634
+7%
|
3 971
+9%
|
4 442
+12%
|
5 206
+17%
|
5 660
+9%
|
6 116
+8%
|
6 550
+7%
|
6 750
+3%
|
6 902
+2%
|
7 176
+4%
|
7 671
+7%
|
8 314
+8%
|
8 728
+5%
|
9 114
+4%
|
9 739
+7%
|
10 487
+8%
|
10 844
+3%
|
11 415
+5%
|
11 886
+4%
|
12 437
+5%
|
12 140
-2%
|
12 821
+6%
|
13 742
+7%
|
13 755
+0%
|
13 767
+0%
|
14 217
+3%
|
13 993
-2%
|
15 273
+9%
|
16 311
+7%
|
16 935
+4%
|
18 258
+8%
|
18 468
+1%
|
18 424
0%
|
17 952
-3%
|
16 267
-9%
|
14 855
-9%
|
14 279
-4%
|
14 335
+0%
|
14 878
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(237)
|
(309)
|
(317)
|
(356)
|
(409)
|
(526)
|
(625)
|
(747)
|
(808)
|
(868)
|
(925)
|
(900)
|
(721)
|
(890)
|
(964)
|
(1 025)
|
(1 044)
|
(1 109)
|
(1 165)
|
(1 207)
|
(1 283)
|
(1 057)
|
(1 025)
|
(1 325)
|
(1 616)
|
(1 290)
|
(1 266)
|
(1 309)
|
(1 045)
|
(1 595)
|
(1 753)
|
(1 070)
|
(1 661)
|
(957)
|
(932)
|
(1 158)
|
(879)
|
(1 298)
|
(1 190)
|
(1 160)
|
(1 196)
|
|
Income from Continuing Operations |
2 664
|
3 077
|
3 317
|
3 615
|
4 033
|
4 681
|
5 036
|
5 370
|
5 743
|
5 882
|
5 977
|
6 276
|
6 951
|
7 424
|
7 764
|
8 089
|
8 694
|
9 378
|
9 679
|
10 208
|
10 603
|
11 380
|
11 116
|
11 497
|
12 127
|
12 465
|
12 500
|
12 907
|
12 947
|
13 678
|
14 559
|
15 866
|
16 598
|
17 511
|
17 492
|
16 794
|
15 387
|
13 557
|
13 089
|
13 175
|
13 682
|
|
Income to Minority Interest |
(4)
|
(10)
|
(14)
|
(14)
|
(17)
|
(15)
|
(13)
|
(18)
|
(17)
|
(13)
|
(8)
|
(5)
|
0
|
(1)
|
(4)
|
18
|
30
|
33
|
67
|
58
|
50
|
(28)
|
(44)
|
(75)
|
(143)
|
(51)
|
(126)
|
(87)
|
(122)
|
(293)
|
(501)
|
(623)
|
(686)
|
(710)
|
(577)
|
(716)
|
(712)
|
(720)
|
(725)
|
(759)
|
(834)
|
|
Net Income (Common) |
2 658
N/A
|
3 067
+15%
|
3 302
+8%
|
3 600
+9%
|
4 016
+12%
|
4 665
+16%
|
5 024
+8%
|
5 353
+7%
|
5 726
+7%
|
5 869
+2%
|
5 968
+2%
|
6 270
+5%
|
6 951
+11%
|
7 424
+7%
|
7 761
+5%
|
8 108
+4%
|
8 725
+8%
|
9 411
+8%
|
9 746
+4%
|
10 266
+5%
|
10 653
+4%
|
11 352
+7%
|
11 071
-2%
|
11 421
+3%
|
11 984
+5%
|
12 415
+4%
|
12 375
0%
|
12 822
+4%
|
12 826
+0%
|
13 386
+4%
|
14 059
+5%
|
15 243
+8%
|
15 912
+4%
|
16 800
+6%
|
16 915
+1%
|
16 078
-5%
|
14 675
-9%
|
12 837
-13%
|
12 364
-4%
|
12 416
+0%
|
12 848
+3%
|
|
EPS (Diluted) |
0.3
N/A
|
0.34
+13%
|
0.37
+9%
|
0.4
+8%
|
0.44
+10%
|
0.52
+18%
|
0.56
+8%
|
0.67
+20%
|
0.63
-6%
|
0.65
+3%
|
0.68
+5%
|
0.69
+1%
|
0.77
+12%
|
0.82
+6%
|
0.85
+4%
|
0.89
+5%
|
0.95
+7%
|
1.02
+7%
|
1.06
+4%
|
1.11
+5%
|
1.15
+4%
|
1.23
+7%
|
1.19
-3%
|
1.23
+3%
|
1.29
+5%
|
1.34
+4%
|
1.32
-1%
|
1.39
+5%
|
1.36
-2%
|
1.44
+6%
|
1.51
+5%
|
1.64
+9%
|
1.71
+4%
|
1.81
+6%
|
1.82
+1%
|
1.65
-9%
|
1.56
-5%
|
1.37
-12%
|
1.32
-4%
|
1.29
-2%
|
1.38
+7%
|