Guangzhou Pearl River Piano Group Co Ltd
SZSE:002678
Income Statement
Earnings Waterfall
Guangzhou Pearl River Piano Group Co Ltd
Revenue
|
967.9m
CNY
|
Cost of Revenue
|
-825.6m
CNY
|
Gross Profit
|
142.3m
CNY
|
Operating Expenses
|
-285.4m
CNY
|
Operating Income
|
-143.1m
CNY
|
Other Expenses
|
98.6m
CNY
|
Net Income
|
-44.5m
CNY
|
Income Statement
Guangzhou Pearl River Piano Group 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 |
1 444
N/A
|
1 442
0%
|
1 451
+1%
|
1 469
+1%
|
1 471
+0%
|
1 453
-1%
|
1 460
+0%
|
1 470
+1%
|
1 459
-1%
|
1 496
+3%
|
1 529
+2%
|
1 566
+2%
|
1 619
+3%
|
1 678
+4%
|
1 737
+3%
|
1 790
+3%
|
1 844
+3%
|
1 913
+4%
|
2 006
+5%
|
1 975
-2%
|
2 013
+2%
|
1 995
-1%
|
2 022
+1%
|
2 054
+2%
|
1 847
-10%
|
1 701
-8%
|
1 652
-3%
|
1 752
+6%
|
1 999
+14%
|
2 164
+8%
|
2 132
-2%
|
2 020
-5%
|
1 944
-4%
|
1 820
-6%
|
1 759
-3%
|
1 660
-6%
|
1 552
-7%
|
1 446
-7%
|
1 246
-14%
|
1 128
-9%
|
968
-14%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 021)
|
(1 027)
|
(1 042)
|
(1 052)
|
(1 056)
|
(1 046)
|
(1 062)
|
(1 052)
|
(1 063)
|
(1 087)
|
(1 081)
|
(1 089)
|
(1 130)
|
(1 160)
|
(1 205)
|
(1 213)
|
(1 259)
|
(1 324)
|
(1 411)
|
(1 366)
|
(1 410)
|
(1 397)
|
(1 418)
|
(1 434)
|
(1 338)
|
(1 231)
|
(1 194)
|
(1 302)
|
(1 479)
|
(1 610)
|
(1 600)
|
(1 515)
|
(1 481)
|
(1 410)
|
(1 379)
|
(1 263)
|
(1 213)
|
(1 138)
|
(1 003)
|
(916)
|
(826)
|
|
Gross Profit |
423
N/A
|
415
-2%
|
409
-1%
|
417
+2%
|
415
0%
|
407
-2%
|
398
-2%
|
418
+5%
|
396
-5%
|
410
+4%
|
448
+9%
|
478
+7%
|
490
+3%
|
518
+6%
|
531
+3%
|
578
+9%
|
586
+1%
|
590
+1%
|
595
+1%
|
608
+2%
|
603
-1%
|
598
-1%
|
604
+1%
|
619
+3%
|
509
-18%
|
471
-8%
|
458
-3%
|
450
-2%
|
520
+16%
|
554
+7%
|
532
-4%
|
506
-5%
|
462
-9%
|
410
-11%
|
380
-7%
|
397
+5%
|
338
-15%
|
308
-9%
|
243
-21%
|
212
-13%
|
142
-33%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(226)
|
(224)
|
(236)
|
(263)
|
(267)
|
(258)
|
(257)
|
(268)
|
(249)
|
(267)
|
(298)
|
(317)
|
(318)
|
(436)
|
(442)
|
(500)
|
(523)
|
(425)
|
(430)
|
(395)
|
(427)
|
(422)
|
(424)
|
(434)
|
(374)
|
(362)
|
(336)
|
(291)
|
(301)
|
(303)
|
(294)
|
(320)
|
(286)
|
(275)
|
(273)
|
(300)
|
(277)
|
(279)
|
(267)
|
(310)
|
(285)
|
|
Selling, General & Administrative |
(222)
|
(220)
|
(232)
|
(186)
|
(263)
|
(251)
|
(249)
|
(179)
|
(245)
|
(264)
|
(295)
|
(224)
|
(309)
|
(434)
|
(419)
|
(415)
|
(466)
|
(365)
|
(369)
|
(333)
|
(350)
|
(335)
|
(341)
|
(319)
|
(277)
|
(269)
|
(243)
|
(203)
|
(220)
|
(214)
|
(199)
|
(216)
|
(199)
|
(194)
|
(200)
|
(208)
|
(206)
|
(209)
|
(196)
|
(233)
|
(225)
|
|
Research & Development |
0
|
0
|
0
|
(67)
|
0
|
0
|
0
|
(80)
|
0
|
0
|
0
|
(83)
|
0
|
0
|
(24)
|
(89)
|
0
|
0
|
(54)
|
(91)
|
(75)
|
(95)
|
(91)
|
(98)
|
(92)
|
(88)
|
(87)
|
(83)
|
(88)
|
(95)
|
(106)
|
(97)
|
(95)
|
(93)
|
(82)
|
(80)
|
(83)
|
(76)
|
(75)
|
(64)
|
(57)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(21)
|
0
|
|
Other Operating Expenses |
(5)
|
(4)
|
(4)
|
(2)
|
(4)
|
(7)
|
(7)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(9)
|
(2)
|
0
|
20
|
(57)
|
(60)
|
(7)
|
46
|
(2)
|
8
|
7
|
(1)
|
(5)
|
(5)
|
(6)
|
10
|
6
|
5
|
11
|
14
|
8
|
12
|
9
|
11
|
11
|
6
|
4
|
8
|
(3)
|
|
Operating Income |
197
N/A
|
192
-3%
|
174
-9%
|
154
-11%
|
149
-4%
|
149
+0%
|
141
-5%
|
150
+6%
|
148
-2%
|
143
-3%
|
150
+5%
|
160
+7%
|
172
+7%
|
82
-52%
|
89
+9%
|
77
-13%
|
63
-19%
|
165
+162%
|
165
+0%
|
214
+29%
|
177
-17%
|
176
-1%
|
180
+3%
|
185
+3%
|
135
-27%
|
109
-19%
|
123
+13%
|
159
+30%
|
219
+38%
|
251
+14%
|
238
-5%
|
185
-22%
|
176
-5%
|
135
-23%
|
107
-20%
|
98
-9%
|
61
-38%
|
30
-52%
|
(25)
N/A
|
(98)
-296%
|
(143)
-46%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
5
|
8
|
7
|
11
|
10
|
7
|
9
|
11
|
6
|
8
|
5
|
2
|
(0)
|
(6)
|
(6)
|
1
|
(0)
|
7
|
17
|
(3)
|
31
|
33
|
32
|
30
|
27
|
26
|
28
|
35
|
34
|
31
|
29
|
39
|
37
|
39
|
49
|
42
|
48
|
54
|
47
|
39
|
29
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
104
|
104
|
109
|
130
|
25
|
25
|
(10)
|
(1)
|
4
|
4
|
1
|
4
|
1
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
68
|
69
|
|
Gain/Loss on Disposition of Assets |
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
16
|
16
|
14
|
2
|
1
|
1
|
1
|
4
|
7
|
10
|
12
|
9
|
7
|
2
|
(2)
|
(0)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
3
|
2
|
5
|
6
|
(2)
|
(3)
|
(4)
|
(5)
|
(3)
|
(4)
|
(5)
|
(3)
|
(4)
|
(4)
|
|
Pre-Tax Income |
218
N/A
|
215
-1%
|
194
-10%
|
165
-15%
|
159
-3%
|
157
-2%
|
151
-4%
|
165
+10%
|
160
-3%
|
161
+1%
|
167
+4%
|
172
+3%
|
179
+4%
|
182
+2%
|
186
+2%
|
187
+0%
|
190
+2%
|
195
+3%
|
206
+5%
|
200
-3%
|
207
+3%
|
210
+1%
|
213
+2%
|
213
+0%
|
164
-23%
|
132
-19%
|
149
+12%
|
196
+32%
|
255
+30%
|
287
+13%
|
272
-5%
|
222
-18%
|
211
-5%
|
170
-19%
|
151
-11%
|
136
-10%
|
104
-23%
|
79
-24%
|
19
-76%
|
5
-72%
|
(49)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(33)
|
(33)
|
(31)
|
(23)
|
(21)
|
(14)
|
(9)
|
(18)
|
(17)
|
(22)
|
(27)
|
(21)
|
(23)
|
(24)
|
(25)
|
(27)
|
(27)
|
(29)
|
(30)
|
(26)
|
(28)
|
(29)
|
(28)
|
(26)
|
(19)
|
(13)
|
(15)
|
(23)
|
(30)
|
(37)
|
(33)
|
(31)
|
(30)
|
(26)
|
(21)
|
(10)
|
(2)
|
5
|
8
|
(4)
|
(1)
|
|
Income from Continuing Operations |
185
|
182
|
163
|
142
|
138
|
143
|
142
|
147
|
143
|
139
|
140
|
151
|
155
|
158
|
161
|
160
|
163
|
166
|
176
|
174
|
179
|
181
|
185
|
187
|
144
|
119
|
133
|
173
|
225
|
251
|
239
|
191
|
180
|
144
|
130
|
125
|
102
|
84
|
27
|
2
|
(50)
|
|
Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
3
|
3
|
5
|
5
|
4
|
4
|
2
|
2
|
2
|
1
|
3
|
2
|
1
|
(1)
|
(2)
|
(4)
|
(3)
|
(3)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(1)
|
0
|
2
|
4
|
6
|
|
Net Income (Common) |
184
N/A
|
181
-2%
|
162
-11%
|
141
-13%
|
138
-2%
|
143
+4%
|
142
-1%
|
146
+3%
|
142
-3%
|
138
-3%
|
139
+1%
|
152
+9%
|
157
+3%
|
160
+2%
|
165
+3%
|
165
+0%
|
168
+2%
|
170
+1%
|
180
+5%
|
176
-2%
|
181
+3%
|
182
+1%
|
185
+2%
|
190
+2%
|
146
-23%
|
120
-18%
|
132
+11%
|
171
+29%
|
222
+30%
|
248
+12%
|
236
-5%
|
186
-21%
|
176
-6%
|
140
-20%
|
127
-9%
|
123
-3%
|
101
-18%
|
84
-16%
|
29
-65%
|
6
-80%
|
(45)
N/A
|
|
EPS (Diluted) |
0.14
N/A
|
0.14
N/A
|
0.13
-7%
|
0.11
-15%
|
0.12
+9%
|
0.13
+8%
|
0.12
-8%
|
0.12
N/A
|
0.11
-8%
|
0.1
-9%
|
0.11
+10%
|
0.12
+9%
|
0.13
+8%
|
0.14
+8%
|
0.14
N/A
|
0.13
-7%
|
0.14
+8%
|
0.13
-7%
|
0.13
N/A
|
0.13
N/A
|
0.12
-8%
|
0.12
N/A
|
0.13
+8%
|
0.14
+8%
|
0.11
-21%
|
0.1
-9%
|
0.11
+10%
|
0.13
+18%
|
0.18
+38%
|
0.19
+6%
|
0.18
-5%
|
0.14
-22%
|
0.13
-7%
|
0.1
-23%
|
0.09
-10%
|
0.09
N/A
|
0.07
-22%
|
0.06
-14%
|
0.03
-50%
|
0
N/A
|
-0.03
N/A
|