Zhejiang Meida Industrial Co Ltd
SZSE:002677
Income Statement
Earnings Waterfall
Zhejiang Meida Industrial Co Ltd
Revenue
|
1.6B
CNY
|
Cost of Revenue
|
-874.2m
CNY
|
Gross Profit
|
732.7m
CNY
|
Operating Expenses
|
-281.1m
CNY
|
Operating Income
|
451.6m
CNY
|
Other Expenses
|
-10.8m
CNY
|
Net Income
|
440.8m
CNY
|
Income Statement
Zhejiang Meida Industrial 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 |
393
N/A
|
406
+3%
|
451
+11%
|
470
+4%
|
473
+1%
|
487
+3%
|
501
+3%
|
518
+3%
|
532
+3%
|
568
+7%
|
621
+9%
|
666
+7%
|
715
+7%
|
799
+12%
|
895
+12%
|
1 026
+15%
|
1 103
+7%
|
1 216
+10%
|
1 305
+7%
|
1 401
+7%
|
1 471
+5%
|
1 543
+5%
|
1 610
+4%
|
1 685
+5%
|
1 507
-11%
|
1 626
+8%
|
1 719
+6%
|
1 771
+3%
|
2 027
+14%
|
2 034
+0%
|
2 128
+5%
|
2 164
+2%
|
2 208
+2%
|
2 087
-6%
|
2 028
-3%
|
1 834
-10%
|
1 759
-4%
|
1 774
+1%
|
1 698
-4%
|
1 673
-1%
|
1 607
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(188)
|
(195)
|
(213)
|
(219)
|
(226)
|
(235)
|
(246)
|
(244)
|
(256)
|
(265)
|
(287)
|
(301)
|
(328)
|
(375)
|
(421)
|
(473)
|
(522)
|
(589)
|
(638)
|
(679)
|
(728)
|
(745)
|
(780)
|
(783)
|
(720)
|
(783)
|
(826)
|
(837)
|
(976)
|
(965)
|
(1 022)
|
(1 045)
|
(1 093)
|
(1 097)
|
(1 103)
|
(1 025)
|
(1 014)
|
(1 001)
|
(933)
|
(887)
|
(874)
|
|
Gross Profit |
205
N/A
|
212
+3%
|
238
+12%
|
251
+5%
|
248
-1%
|
253
+2%
|
255
+1%
|
274
+7%
|
276
+1%
|
303
+10%
|
334
+10%
|
365
+9%
|
387
+6%
|
425
+10%
|
474
+12%
|
554
+17%
|
580
+5%
|
627
+8%
|
666
+6%
|
722
+8%
|
743
+3%
|
798
+7%
|
830
+4%
|
902
+9%
|
786
-13%
|
843
+7%
|
893
+6%
|
934
+5%
|
1 051
+12%
|
1 069
+2%
|
1 106
+3%
|
1 118
+1%
|
1 115
0%
|
990
-11%
|
925
-7%
|
809
-13%
|
745
-8%
|
773
+4%
|
765
-1%
|
785
+3%
|
733
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(114)
|
(114)
|
(119)
|
(133)
|
(130)
|
(132)
|
(125)
|
(130)
|
(121)
|
(134)
|
(134)
|
(144)
|
(150)
|
(169)
|
(201)
|
(229)
|
(230)
|
(239)
|
(246)
|
(291)
|
(297)
|
(326)
|
(331)
|
(384)
|
(332)
|
(339)
|
(341)
|
(321)
|
(343)
|
(359)
|
(370)
|
(391)
|
(365)
|
(295)
|
(284)
|
(334)
|
(299)
|
(316)
|
(303)
|
(307)
|
(281)
|
|
Selling, General & Administrative |
(113)
|
(115)
|
(118)
|
(94)
|
(128)
|
(132)
|
(125)
|
(98)
|
(122)
|
(134)
|
(134)
|
(100)
|
(150)
|
(169)
|
(194)
|
(179)
|
(223)
|
(232)
|
(237)
|
(232)
|
(262)
|
(278)
|
(282)
|
(317)
|
(289)
|
(299)
|
(300)
|
(260)
|
(296)
|
(307)
|
(316)
|
(314)
|
(320)
|
(256)
|
(249)
|
(280)
|
(259)
|
(279)
|
(266)
|
(253)
|
(250)
|
|
Research & Development |
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
(8)
|
(33)
|
0
|
0
|
(9)
|
(38)
|
(35)
|
(50)
|
(52)
|
(48)
|
(47)
|
(46)
|
(50)
|
(51)
|
(62)
|
(64)
|
(67)
|
(64)
|
(69)
|
(65)
|
(63)
|
(57)
|
(58)
|
(61)
|
(60)
|
(54)
|
(56)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(28)
|
0
|
|
Other Operating Expenses |
(1)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
1
|
0
|
0
|
(0)
|
0
|
1
|
1
|
1
|
(7)
|
(7)
|
(0)
|
1
|
(0)
|
2
|
3
|
2
|
5
|
6
|
9
|
12
|
14
|
13
|
13
|
10
|
24
|
26
|
29
|
33
|
18
|
23
|
23
|
28
|
25
|
|
Operating Income |
91
N/A
|
97
+7%
|
119
+22%
|
117
-2%
|
118
+1%
|
121
+2%
|
131
+8%
|
144
+10%
|
155
+8%
|
169
+9%
|
200
+18%
|
221
+10%
|
237
+7%
|
256
+8%
|
273
+6%
|
324
+19%
|
350
+8%
|
388
+11%
|
421
+8%
|
431
+2%
|
446
+4%
|
472
+6%
|
499
+6%
|
518
+4%
|
455
-12%
|
505
+11%
|
552
+9%
|
613
+11%
|
708
+15%
|
710
+0%
|
736
+4%
|
727
-1%
|
751
+3%
|
695
-7%
|
641
-8%
|
475
-26%
|
446
-6%
|
457
+3%
|
461
+1%
|
479
+4%
|
452
-6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
35
|
34
|
38
|
33
|
34
|
33
|
28
|
29
|
24
|
22
|
20
|
20
|
18
|
24
|
31
|
35
|
33
|
29
|
20
|
15
|
16
|
13
|
12
|
17
|
16
|
19
|
20
|
22
|
21
|
24
|
33
|
47
|
49
|
54
|
46
|
52
|
56
|
51
|
50
|
29
|
29
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
2
|
2
|
2
|
2
|
36
|
36
|
|
Gain/Loss on Disposition of Assets |
0
|
(0)
|
0
|
(3)
|
0
|
(3)
|
0
|
(0)
|
0
|
(0)
|
(5)
|
0
|
0
|
(5)
|
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 |
4
|
5
|
4
|
8
|
6
|
11
|
8
|
9
|
9
|
5
|
3
|
1
|
(4)
|
1
|
1
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Pre-Tax Income |
130
N/A
|
137
+5%
|
161
+18%
|
156
-3%
|
158
+1%
|
162
+3%
|
166
+3%
|
181
+9%
|
187
+3%
|
195
+4%
|
218
+12%
|
237
+9%
|
252
+6%
|
276
+10%
|
304
+10%
|
359
+18%
|
383
+7%
|
415
+9%
|
439
+6%
|
444
+1%
|
460
+4%
|
484
+5%
|
510
+6%
|
534
+5%
|
470
-12%
|
523
+11%
|
571
+9%
|
634
+11%
|
728
+15%
|
734
+1%
|
769
+5%
|
774
+1%
|
799
+3%
|
745
-7%
|
683
-8%
|
525
-23%
|
500
-5%
|
510
+2%
|
512
+0%
|
544
+6%
|
517
-5%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(20)
|
(21)
|
(25)
|
(18)
|
(17)
|
(18)
|
(20)
|
(26)
|
(28)
|
(28)
|
(31)
|
(35)
|
(36)
|
(40)
|
(44)
|
(54)
|
(57)
|
(63)
|
(67)
|
(67)
|
(69)
|
(69)
|
(75)
|
(74)
|
(65)
|
(74)
|
(80)
|
(91)
|
(105)
|
(106)
|
(110)
|
(109)
|
(113)
|
(104)
|
(96)
|
(73)
|
(69)
|
(70)
|
(69)
|
(80)
|
(76)
|
|
Income from Continuing Operations |
110
|
115
|
135
|
138
|
140
|
144
|
147
|
156
|
159
|
167
|
187
|
203
|
215
|
236
|
260
|
305
|
326
|
352
|
372
|
378
|
391
|
414
|
435
|
460
|
405
|
448
|
491
|
544
|
624
|
627
|
659
|
665
|
686
|
641
|
586
|
452
|
431
|
440
|
443
|
464
|
441
|
|
Income to Minority Interest |
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
|
|
Net Income (Common) |
110
N/A
|
115
+5%
|
135
+17%
|
138
+2%
|
140
+2%
|
144
+2%
|
147
+2%
|
156
+6%
|
159
+2%
|
167
+5%
|
187
+12%
|
203
+9%
|
215
+6%
|
236
+10%
|
260
+10%
|
305
+17%
|
326
+7%
|
352
+8%
|
372
+6%
|
378
+2%
|
391
+4%
|
414
+6%
|
435
+5%
|
460
+6%
|
405
-12%
|
448
+11%
|
491
+10%
|
544
+11%
|
624
+15%
|
627
+1%
|
659
+5%
|
665
+1%
|
686
+3%
|
641
-7%
|
586
-8%
|
452
-23%
|
431
-5%
|
440
+2%
|
443
+1%
|
464
+5%
|
441
-5%
|
|
EPS (Diluted) |
0.17
N/A
|
0.18
+6%
|
0.21
+17%
|
0.22
+5%
|
0.22
N/A
|
0.22
N/A
|
0.23
+5%
|
0.24
+4%
|
0.24
N/A
|
0.26
+8%
|
0.29
+12%
|
0.32
+10%
|
0.33
+3%
|
0.36
+9%
|
0.4
+11%
|
0.47
+18%
|
0.51
+9%
|
0.55
+8%
|
0.58
+5%
|
0.58
N/A
|
0.61
+5%
|
0.64
+5%
|
0.67
+5%
|
0.71
+6%
|
0.62
-13%
|
0.69
+11%
|
0.76
+10%
|
0.84
+11%
|
0.97
+15%
|
0.98
+1%
|
1.02
+4%
|
1.03
+1%
|
1.06
+3%
|
0.99
-7%
|
0.91
-8%
|
0.7
-23%
|
0.67
-4%
|
0.68
+1%
|
0.69
+1%
|
0.72
+4%
|
0.68
-6%
|