Offcn Education Technology Co Ltd
SZSE:002607
Income Statement
Earnings Waterfall
Offcn Education Technology Co Ltd
Revenue
|
3.6B
CNY
|
Cost of Revenue
|
-1.7B
CNY
|
Gross Profit
|
1.9B
CNY
|
Operating Expenses
|
-1.8B
CNY
|
Operating Income
|
103.6m
CNY
|
Other Expenses
|
-141m
CNY
|
Net Income
|
-37.3m
CNY
|
Income Statement
Offcn Education 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 |
4 718
N/A
|
5 046
+7%
|
5 252
+4%
|
5 348
+2%
|
5 336
0%
|
5 237
-2%
|
5 348
+2%
|
5 145
-4%
|
5 117
-1%
|
5 221
+2%
|
5 237
+0%
|
5 536
+6%
|
5 971
+8%
|
6 561
+10%
|
6 530
0%
|
6 658
+2%
|
6 726
+1%
|
6 664
-1%
|
6 713
+1%
|
6 232
-7%
|
6 208
0%
|
6 237
+0%
|
6 111
-2%
|
7 430
+22%
|
8 225
+11%
|
9 176
+12%
|
9 095
-1%
|
8 347
-8%
|
10 456
+25%
|
11 202
+7%
|
12 024
+7%
|
13 251
+10%
|
10 065
-24%
|
6 912
-31%
|
6 073
-12%
|
4 282
-29%
|
4 504
+5%
|
4 825
+7%
|
4 501
-7%
|
4 326
-4%
|
3 597
-17%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 400)
|
(4 726)
|
(4 938)
|
(5 029)
|
(5 042)
|
(4 989)
|
(5 101)
|
(4 906)
|
(4 881)
|
(4 925)
|
(4 928)
|
(5 235)
|
(5 641)
|
(6 211)
|
(6 194)
|
(6 296)
|
(6 362)
|
(6 244)
|
(6 335)
|
(4 688)
|
(3 759)
|
(2 552)
|
(1 778)
|
(3 055)
|
(3 401)
|
(3 813)
|
(3 839)
|
(3 751)
|
(4 297)
|
(4 567)
|
(4 884)
|
(5 822)
|
(5 110)
|
(4 994)
|
(4 959)
|
(3 955)
|
(3 861)
|
(2 980)
|
(2 684)
|
(2 159)
|
(1 714)
|
|
Gross Profit |
318
N/A
|
320
+1%
|
314
-2%
|
319
+1%
|
294
-8%
|
248
-16%
|
247
-1%
|
239
-3%
|
236
-1%
|
296
+26%
|
308
+4%
|
301
-2%
|
330
+10%
|
350
+6%
|
336
-4%
|
362
+8%
|
364
+1%
|
420
+15%
|
377
-10%
|
1 544
+309%
|
2 449
+59%
|
3 685
+51%
|
4 333
+18%
|
4 375
+1%
|
4 824
+10%
|
5 364
+11%
|
5 256
-2%
|
4 596
-13%
|
6 159
+34%
|
6 635
+8%
|
7 140
+8%
|
7 429
+4%
|
4 955
-33%
|
1 918
-61%
|
1 113
-42%
|
328
-71%
|
644
+96%
|
1 845
+187%
|
1 817
-2%
|
2 167
+19%
|
1 883
-13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(202)
|
(220)
|
(226)
|
(234)
|
(238)
|
(249)
|
(258)
|
(255)
|
(248)
|
(246)
|
(233)
|
(230)
|
(234)
|
(249)
|
(209)
|
(233)
|
(208)
|
(275)
|
(256)
|
(1 261)
|
(1 861)
|
(2 493)
|
(2 980)
|
(2 779)
|
(3 058)
|
(3 428)
|
(3 204)
|
(3 314)
|
(3 468)
|
(4 113)
|
(4 239)
|
(4 353)
|
(4 474)
|
(4 545)
|
(4 187)
|
(3 649)
|
(3 164)
|
(3 042)
|
(2 316)
|
(2 137)
|
(1 779)
|
|
Selling, General & Administrative |
(198)
|
(168)
|
(220)
|
(230)
|
(234)
|
(183)
|
(247)
|
(241)
|
(235)
|
(177)
|
(218)
|
(214)
|
(217)
|
(180)
|
(214)
|
(220)
|
(217)
|
(209)
|
(246)
|
(1 047)
|
(1 544)
|
(2 003)
|
(2 416)
|
(2 224)
|
(2 409)
|
(2 638)
|
(2 554)
|
(2 628)
|
(2 854)
|
(3 106)
|
(3 386)
|
(3 458)
|
(3 425)
|
(3 465)
|
(3 370)
|
(3 026)
|
(2 686)
|
(2 338)
|
(1 920)
|
(1 753)
|
(1 470)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(204)
|
(317)
|
(455)
|
(564)
|
(555)
|
(650)
|
(698)
|
(694)
|
(777)
|
(842)
|
(1 051)
|
(1 213)
|
(1 210)
|
(1 231)
|
(901)
|
(861)
|
(686)
|
(548)
|
(592)
|
(445)
|
(413)
|
(329)
|
|
Depreciation & Amortization |
0
|
(46)
|
0
|
0
|
0
|
(61)
|
0
|
0
|
0
|
(64)
|
0
|
0
|
0
|
(62)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
(4)
|
(6)
|
(6)
|
(4)
|
(4)
|
(5)
|
(11)
|
(13)
|
(13)
|
(6)
|
(15)
|
(16)
|
(17)
|
(6)
|
6
|
(12)
|
9
|
(1)
|
(10)
|
(10)
|
0
|
(35)
|
0
|
0
|
0
|
(92)
|
43
|
91
|
228
|
44
|
360
|
315
|
182
|
(179)
|
44
|
63
|
70
|
(111)
|
49
|
30
|
21
|
|
Operating Income |
115
N/A
|
100
-13%
|
88
-12%
|
85
-3%
|
56
-34%
|
(1)
N/A
|
(11)
-1 040%
|
(15)
-34%
|
(13)
+18%
|
49
N/A
|
75
+53%
|
71
-5%
|
96
+35%
|
101
+5%
|
128
+26%
|
130
+2%
|
156
+20%
|
145
-7%
|
122
-16%
|
283
+132%
|
588
+108%
|
1 192
+103%
|
1 354
+14%
|
1 596
+18%
|
1 766
+11%
|
1 935
+10%
|
2 052
+6%
|
1 282
-38%
|
2 691
+110%
|
2 523
-6%
|
2 901
+15%
|
3 075
+6%
|
481
-84%
|
(2 627)
N/A
|
(3 074)
-17%
|
(3 321)
-8%
|
(2 520)
+24%
|
(1 197)
+53%
|
(499)
+58%
|
30
N/A
|
104
+245%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(61)
|
(56)
|
(67)
|
(70)
|
(72)
|
(75)
|
(81)
|
(75)
|
(73)
|
(79)
|
(60)
|
(60)
|
(51)
|
(42)
|
(43)
|
(43)
|
(47)
|
(47)
|
(39)
|
12
|
74
|
146
|
106
|
84
|
86
|
156
|
56
|
(9)
|
(164)
|
139
|
(223)
|
(287)
|
(292)
|
(159)
|
(422)
|
(395)
|
(341)
|
(71)
|
(196)
|
(153)
|
(108)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
15
|
0
|
26
|
0
|
6
|
8
|
5
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(10)
|
(9)
|
(13)
|
(12)
|
|
Gain/Loss on Disposition of Assets |
0
|
5
|
0
|
0
|
(1)
|
2
|
(3)
|
(4)
|
13
|
22
|
15
|
33
|
18
|
23
|
23
|
0
|
6
|
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 |
40
|
26
|
43
|
33
|
35
|
33
|
17
|
23
|
18
|
17
|
23
|
17
|
20
|
(11)
|
(10)
|
(10)
|
(17)
|
1
|
(2)
|
(2)
|
(4)
|
(1)
|
(2)
|
2
|
3
|
(1)
|
(2)
|
(3)
|
(5)
|
(1)
|
(1)
|
(1)
|
(1)
|
17
|
17
|
13
|
13
|
(5)
|
(5)
|
(1)
|
(0)
|
|
Pre-Tax Income |
95
N/A
|
75
-21%
|
64
-14%
|
48
-25%
|
19
-61%
|
(47)
N/A
|
(78)
-66%
|
(71)
+10%
|
(54)
+23%
|
28
N/A
|
54
+91%
|
61
+14%
|
84
+38%
|
86
+2%
|
98
+14%
|
102
+4%
|
98
-4%
|
105
+7%
|
89
-15%
|
299
+236%
|
657
+120%
|
1 340
+104%
|
1 457
+9%
|
1 682
+15%
|
1 854
+10%
|
2 089
+13%
|
2 106
+1%
|
1 271
-40%
|
2 523
+99%
|
2 661
+5%
|
2 677
+1%
|
2 788
+4%
|
188
-93%
|
(2 769)
N/A
|
(3 479)
-26%
|
(3 703)
-6%
|
(2 848)
+23%
|
(1 282)
+55%
|
(709)
+45%
|
(136)
+81%
|
(17)
+87%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(32)
|
(29)
|
(26)
|
(25)
|
(21)
|
(12)
|
(10)
|
(8)
|
(6)
|
(14)
|
(16)
|
(16)
|
(19)
|
(21)
|
(22)
|
(29)
|
(33)
|
(34)
|
(33)
|
(57)
|
(99)
|
(187)
|
(207)
|
(249)
|
(284)
|
(285)
|
(292)
|
(192)
|
(356)
|
(357)
|
(349)
|
(348)
|
(95)
|
400
|
505
|
540
|
547
|
180
|
95
|
7
|
(20)
|
|
Income from Continuing Operations |
63
|
46
|
38
|
24
|
(2)
|
(59)
|
(88)
|
(78)
|
(61)
|
14
|
38
|
45
|
65
|
64
|
76
|
74
|
65
|
71
|
56
|
242
|
558
|
1 153
|
1 250
|
1 434
|
1 570
|
1 805
|
1 815
|
1 079
|
2 167
|
2 304
|
2 329
|
2 440
|
92
|
(2 370)
|
(2 974)
|
(3 163)
|
(2 301)
|
(1 102)
|
(614)
|
(129)
|
(37)
|
|
Income to Minority Interest |
1
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
1
|
0
|
0
|
0
|
2
|
2
|
2
|
2
|
3
|
3
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
64
N/A
|
47
-27%
|
40
-14%
|
26
-36%
|
0
-99%
|
(56)
N/A
|
(85)
-51%
|
(75)
+11%
|
(58)
+23%
|
15
N/A
|
38
+153%
|
45
+19%
|
65
+44%
|
66
+1%
|
78
+18%
|
76
-3%
|
67
-11%
|
73
+9%
|
59
-19%
|
244
+311%
|
559
+130%
|
1 153
+106%
|
1 249
+8%
|
1 434
+15%
|
1 570
+10%
|
1 805
+15%
|
1 815
+1%
|
1 079
-41%
|
2 167
+101%
|
2 304
+6%
|
2 329
+1%
|
2 440
+5%
|
93
-96%
|
(2 370)
N/A
|
(2 974)
-26%
|
(3 163)
-6%
|
(2 301)
+27%
|
(1 102)
+52%
|
(614)
+44%
|
(129)
+79%
|
(37)
+71%
|
|
EPS (Diluted) |
0.11
N/A
|
0.07
-36%
|
0.07
N/A
|
0.05
-29%
|
0.01
-80%
|
-0.09
N/A
|
-0.13
-44%
|
-0.12
+8%
|
-0.1
+17%
|
0.02
N/A
|
0.06
+200%
|
0.07
+17%
|
0.07
N/A
|
0.08
+14%
|
0.1
+25%
|
0.09
-10%
|
0.08
-11%
|
0.09
+13%
|
0.07
-22%
|
0.3
+329%
|
0.1
-67%
|
1.41
+1 310%
|
0.2
-86%
|
0.23
+15%
|
0.25
+9%
|
0.29
+16%
|
0.3
+3%
|
0.18
-40%
|
0.35
+94%
|
0.37
+6%
|
0.37
N/A
|
0.39
+5%
|
0.01
-97%
|
-0.38
N/A
|
-0.48
-26%
|
-0.48
N/A
|
-0.37
+23%
|
-0.18
+51%
|
-0.1
+44%
|
-0.02
+80%
|
-0.01
+50%
|