Guangdong Yantang Dairy Co Ltd
SZSE:002732
Income Statement
Earnings Waterfall
Guangdong Yantang Dairy Co Ltd
Revenue
|
1.9B
CNY
|
Cost of Revenue
|
-1.4B
CNY
|
Gross Profit
|
479.3m
CNY
|
Operating Expenses
|
-311.9m
CNY
|
Operating Income
|
167.4m
CNY
|
Other Expenses
|
906.7k
CNY
|
Net Income
|
168.3m
CNY
|
Income Statement
Guangdong Yantang Dairy Co Ltd
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 |
913
N/A
|
939
+3%
|
950
+1%
|
967
+2%
|
982
+2%
|
1 013
+3%
|
1 032
+2%
|
1 032
0%
|
1 065
+3%
|
1 090
+2%
|
1 101
+1%
|
1 152
+5%
|
1 177
+2%
|
1 206
+2%
|
1 239
+3%
|
1 261
+2%
|
1 279
+1%
|
1 290
+1%
|
1 297
+1%
|
1 320
+2%
|
1 382
+5%
|
1 424
+3%
|
1 471
+3%
|
1 448
-2%
|
1 474
+2%
|
1 573
+7%
|
1 637
+4%
|
1 777
+9%
|
1 882
+6%
|
1 941
+3%
|
1 985
+2%
|
1 973
-1%
|
1 936
-2%
|
1 896
-2%
|
1 875
-1%
|
1 917
+2%
|
1 939
+1%
|
1 947
+0%
|
1 950
+0%
|
1 901
-3%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(647)
|
(658)
|
(650)
|
(667)
|
(658)
|
(664)
|
(661)
|
(671)
|
(683)
|
(691)
|
(693)
|
(731)
|
(761)
|
(793)
|
(801)
|
(826)
|
(843)
|
(869)
|
(884)
|
(906)
|
(936)
|
(946)
|
(954)
|
(948)
|
(962)
|
(1 031)
|
(1 176)
|
(1 292)
|
(1 393)
|
(1 469)
|
(1 433)
|
(1 453)
|
(1 467)
|
(1 460)
|
(1 435)
|
(1 475)
|
(1 466)
|
(1 454)
|
(1 445)
|
(1 422)
|
|
Gross Profit |
267
N/A
|
281
+5%
|
300
+7%
|
300
0%
|
323
+8%
|
349
+8%
|
371
+6%
|
361
-3%
|
382
+6%
|
399
+4%
|
408
+2%
|
422
+4%
|
416
-1%
|
413
-1%
|
439
+6%
|
435
-1%
|
437
+0%
|
421
-4%
|
413
-2%
|
414
+0%
|
446
+8%
|
478
+7%
|
517
+8%
|
500
-3%
|
513
+3%
|
542
+6%
|
461
-15%
|
485
+5%
|
489
+1%
|
473
-3%
|
552
+17%
|
520
-6%
|
469
-10%
|
436
-7%
|
440
+1%
|
442
+1%
|
474
+7%
|
494
+4%
|
505
+2%
|
479
-5%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(172)
|
(182)
|
(198)
|
(197)
|
(218)
|
(234)
|
(259)
|
(256)
|
(265)
|
(269)
|
(283)
|
(288)
|
(278)
|
(272)
|
(295)
|
(292)
|
(309)
|
(318)
|
(335)
|
(337)
|
(346)
|
(353)
|
(360)
|
(355)
|
(360)
|
(397)
|
(323)
|
(308)
|
(289)
|
(263)
|
(357)
|
(343)
|
(334)
|
(320)
|
(320)
|
(312)
|
(321)
|
(324)
|
(325)
|
(312)
|
|
Selling, General & Administrative |
(171)
|
(181)
|
(193)
|
(197)
|
(217)
|
(233)
|
(255)
|
(254)
|
(263)
|
(267)
|
(278)
|
(286)
|
(285)
|
(279)
|
(302)
|
(302)
|
(312)
|
(323)
|
(317)
|
(334)
|
(342)
|
(348)
|
(339)
|
(349)
|
(350)
|
(385)
|
(299)
|
(302)
|
(292)
|
(265)
|
(349)
|
(340)
|
(325)
|
(318)
|
(306)
|
(310)
|
(319)
|
(316)
|
(303)
|
(303)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(15)
|
(17)
|
(11)
|
(14)
|
(12)
|
(13)
|
(13)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(19)
|
(20)
|
(22)
|
|
Depreciation & Amortization |
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(12)
|
0
|
|
Other Operating Expenses |
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(2)
|
(2)
|
(2)
|
(0)
|
(2)
|
8
|
8
|
14
|
11
|
4
|
6
|
6
|
6
|
5
|
5
|
7
|
6
|
6
|
6
|
5
|
9
|
15
|
15
|
19
|
13
|
8
|
15
|
17
|
16
|
17
|
11
|
9
|
13
|
|
Operating Income |
95
N/A
|
99
+4%
|
103
+4%
|
103
+0%
|
106
+3%
|
115
+9%
|
112
-2%
|
106
-6%
|
116
+10%
|
130
+11%
|
125
-4%
|
134
+7%
|
138
+3%
|
140
+1%
|
144
+3%
|
143
-1%
|
128
-10%
|
103
-20%
|
78
-24%
|
77
-1%
|
100
+29%
|
124
+24%
|
156
+26%
|
146
-7%
|
153
+5%
|
146
-5%
|
138
-5%
|
177
+28%
|
200
+13%
|
210
+5%
|
194
-7%
|
177
-9%
|
135
-24%
|
116
-15%
|
120
+4%
|
130
+9%
|
153
+17%
|
169
+11%
|
180
+6%
|
167
-7%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(1)
|
(0)
|
4
|
7
|
11
|
10
|
8
|
6
|
4
|
3
|
3
|
2
|
1
|
(1)
|
(3)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(4)
|
(4)
|
(4)
|
(2)
|
(0)
|
(1)
|
(1)
|
(3)
|
(1)
|
(1)
|
(0)
|
0
|
(2)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
|
Non-Reccuring Items |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(4)
|
(5)
|
(5)
|
(3)
|
(2)
|
(0)
|
(2)
|
(8)
|
(2)
|
(4)
|
(3)
|
(5)
|
(3)
|
(1)
|
(1)
|
(9)
|
(3)
|
(2)
|
(2)
|
(5)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(1)
|
(2)
|
24
|
30
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
(3)
|
(1)
|
(2)
|
(4)
|
(1)
|
(2)
|
1
|
2
|
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 |
1
|
1
|
2
|
(1)
|
1
|
4
|
0
|
5
|
0
|
(2)
|
5
|
1
|
4
|
1
|
(2)
|
(2)
|
(3)
|
(2)
|
(12)
|
(14)
|
(13)
|
(13)
|
(2)
|
(5)
|
(7)
|
(9)
|
(3)
|
(8)
|
(8)
|
(6)
|
(5)
|
(8)
|
(9)
|
(9)
|
(2)
|
(2)
|
(2)
|
(2)
|
1
|
(6)
|
|
Pre-Tax Income |
94
N/A
|
98
+4%
|
100
+2%
|
101
+1%
|
108
+7%
|
122
+13%
|
122
+0%
|
118
-3%
|
126
+6%
|
136
+9%
|
130
-5%
|
134
+3%
|
139
+4%
|
139
0%
|
140
+1%
|
138
-2%
|
122
-11%
|
94
-23%
|
54
-43%
|
54
+1%
|
77
+42%
|
103
+34%
|
146
+42%
|
135
-8%
|
142
+5%
|
134
-5%
|
127
-5%
|
166
+30%
|
188
+14%
|
199
+6%
|
184
-8%
|
169
-8%
|
126
-25%
|
107
-15%
|
115
+7%
|
123
+7%
|
144
+17%
|
159
+11%
|
199
+25%
|
185
-7%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(19)
|
(21)
|
(22)
|
(22)
|
(24)
|
(27)
|
(26)
|
(24)
|
(27)
|
(32)
|
(24)
|
(24)
|
(20)
|
(13)
|
(16)
|
(16)
|
(16)
|
(12)
|
(8)
|
(8)
|
(7)
|
(11)
|
(19)
|
(18)
|
(22)
|
(22)
|
(19)
|
(25)
|
(29)
|
(30)
|
(28)
|
(27)
|
(25)
|
(26)
|
(14)
|
(14)
|
(3)
|
0
|
(21)
|
(18)
|
|
Income from Continuing Operations |
75
|
77
|
79
|
79
|
84
|
95
|
96
|
94
|
98
|
104
|
106
|
110
|
120
|
126
|
124
|
121
|
106
|
82
|
45
|
47
|
70
|
92
|
127
|
117
|
120
|
112
|
108
|
141
|
159
|
168
|
156
|
141
|
101
|
81
|
101
|
109
|
141
|
159
|
179
|
167
|
|
Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
0
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
2
|
2
|
3
|
3
|
(2)
|
(1)
|
(1)
|
(1)
|
2
|
1
|
|
Net Income (Common) |
75
N/A
|
77
+4%
|
79
+2%
|
79
+0%
|
84
+6%
|
95
+14%
|
96
+1%
|
94
-2%
|
99
+5%
|
105
+6%
|
106
+1%
|
109
+3%
|
118
+8%
|
122
+4%
|
121
-1%
|
118
-2%
|
103
-13%
|
80
-23%
|
42
-47%
|
44
+3%
|
66
+52%
|
88
+33%
|
124
+41%
|
114
-8%
|
118
+3%
|
110
-7%
|
105
-4%
|
138
+32%
|
156
+13%
|
167
+7%
|
158
-5%
|
144
-9%
|
104
-28%
|
84
-19%
|
99
+19%
|
108
+8%
|
140
+30%
|
158
+13%
|
180
+14%
|
168
-7%
|
|
EPS (Diluted) |
0.64
N/A
|
0.66
+3%
|
0.65
-2%
|
0.5
-23%
|
0.52
+4%
|
0.62
+19%
|
0.61
-2%
|
0.6
-2%
|
0.63
+5%
|
0.67
+6%
|
0.67
N/A
|
0.69
+3%
|
0.75
+9%
|
0.78
+4%
|
0.77
-1%
|
0.75
-3%
|
0.65
-13%
|
0.5
-23%
|
0.27
-46%
|
0.28
+4%
|
0.42
+50%
|
0.56
+33%
|
0.79
+41%
|
0.72
-9%
|
0.75
+4%
|
0.7
-7%
|
0.67
-4%
|
0.89
+33%
|
1
+12%
|
1.07
+7%
|
1
-7%
|
0.91
-9%
|
0.66
-27%
|
0.53
-20%
|
0.63
+19%
|
0.68
+8%
|
0.89
+31%
|
1.01
+13%
|
1.15
+14%
|
1.07
-7%
|