Hangzhou Weiguang Electronic Co Ltd
SZSE:002801
Income Statement
Earnings Waterfall
Hangzhou Weiguang Electronic Co Ltd
Revenue
|
1.2B
CNY
|
Cost of Revenue
|
-817.6m
CNY
|
Gross Profit
|
408.5m
CNY
|
Operating Expenses
|
-107.7m
CNY
|
Operating Income
|
300.9m
CNY
|
Other Expenses
|
-23.5m
CNY
|
Net Income
|
277.4m
CNY
|
Income Statement
Hangzhou Weiguang Electronic Co Ltd
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 |
397
N/A
|
406
+2%
|
412
+2%
|
420
+2%
|
441
+5%
|
467
+6%
|
511
+9%
|
546
+7%
|
569
+4%
|
584
+3%
|
582
0%
|
609
+5%
|
647
+6%
|
688
+6%
|
731
+6%
|
768
+5%
|
794
+3%
|
798
+0%
|
772
-3%
|
765
-1%
|
798
+4%
|
859
+8%
|
963
+12%
|
1 041
+8%
|
1 112
+7%
|
1 212
+9%
|
1 241
+2%
|
1 250
+1%
|
1 205
-4%
|
1 176
-2%
|
1 202
+2%
|
1 226
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||
Cost of Revenue |
(264)
|
(269)
|
(274)
|
(281)
|
(291)
|
(319)
|
(354)
|
(384)
|
(399)
|
(419)
|
(421)
|
(438)
|
(456)
|
(482)
|
(504)
|
(524)
|
(536)
|
(537)
|
(519)
|
(515)
|
(546)
|
(605)
|
(690)
|
(746)
|
(788)
|
(848)
|
(854)
|
(851)
|
(800)
|
(779)
|
(800)
|
(818)
|
|
Gross Profit |
133
N/A
|
137
+3%
|
138
+1%
|
139
+1%
|
150
+8%
|
148
-1%
|
157
+6%
|
162
+3%
|
170
+5%
|
164
-3%
|
161
-2%
|
171
+6%
|
191
+12%
|
206
+8%
|
227
+10%
|
245
+8%
|
259
+6%
|
261
+1%
|
253
-3%
|
249
-2%
|
253
+1%
|
253
+0%
|
273
+8%
|
294
+8%
|
324
+10%
|
364
+12%
|
387
+6%
|
399
+3%
|
405
+1%
|
397
-2%
|
402
+1%
|
409
+2%
|
|
Operating Income | |||||||||||||||||||||||||||||||||
Operating Expenses |
(51)
|
(50)
|
(49)
|
(47)
|
(53)
|
(50)
|
(50)
|
(54)
|
(65)
|
(62)
|
(64)
|
(72)
|
(86)
|
(118)
|
(126)
|
(124)
|
(97)
|
(90)
|
(74)
|
(72)
|
(69)
|
(70)
|
(80)
|
(77)
|
(65)
|
(89)
|
(90)
|
(89)
|
(94)
|
(85)
|
(96)
|
(108)
|
|
Selling, General & Administrative |
(32)
|
(47)
|
(48)
|
(47)
|
(31)
|
(50)
|
(50)
|
(48)
|
(37)
|
(46)
|
(51)
|
(56)
|
(50)
|
(60)
|
(60)
|
(58)
|
(64)
|
(62)
|
(45)
|
(42)
|
(36)
|
(37)
|
(44)
|
(42)
|
(47)
|
(45)
|
(43)
|
(42)
|
(47)
|
(38)
|
(42)
|
(49)
|
|
Research & Development |
(16)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
(5)
|
(24)
|
0
|
0
|
(19)
|
(31)
|
(26)
|
(33)
|
(32)
|
(32)
|
(33)
|
(34)
|
(36)
|
(31)
|
(35)
|
(36)
|
(34)
|
(41)
|
(47)
|
(50)
|
(51)
|
(45)
|
(48)
|
(52)
|
(56)
|
|
Depreciation & Amortization |
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(0)
|
(3)
|
(1)
|
(0)
|
(0)
|
1
|
(1)
|
(0)
|
(1)
|
(16)
|
(13)
|
3
|
1
|
(31)
|
(32)
|
(34)
|
8
|
5
|
5
|
6
|
6
|
2
|
0
|
(1)
|
30
|
4
|
4
|
5
|
5
|
2
|
(2)
|
(2)
|
|
Operating Income |
82
N/A
|
87
+6%
|
89
+3%
|
92
+3%
|
97
+6%
|
99
+2%
|
107
+8%
|
108
+1%
|
104
-4%
|
102
-2%
|
98
-5%
|
99
+2%
|
105
+5%
|
88
-16%
|
101
+15%
|
121
+19%
|
162
+34%
|
170
+5%
|
179
+5%
|
177
-1%
|
184
+4%
|
184
0%
|
193
+5%
|
218
+13%
|
259
+19%
|
275
+6%
|
297
+8%
|
311
+4%
|
311
+0%
|
312
+0%
|
306
-2%
|
301
-2%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||
Interest Income Expense |
11
|
9
|
10
|
9
|
14
|
18
|
16
|
17
|
18
|
15
|
21
|
26
|
43
|
44
|
44
|
44
|
28
|
33
|
34
|
32
|
40
|
36
|
39
|
42
|
43
|
60
|
63
|
72
|
37
|
34
|
36
|
5
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(30)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(10)
|
0
|
0
|
2
|
0
|
(0)
|
(0)
|
(0)
|
|
Gain/Loss on Disposition of Assets |
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
|
|
Total Other Income |
3
|
5
|
5
|
6
|
6
|
4
|
3
|
2
|
2
|
2
|
2
|
2
|
0
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
|
Pre-Tax Income |
96
N/A
|
100
+5%
|
104
+4%
|
106
+2%
|
116
+9%
|
120
+3%
|
126
+5%
|
126
+0%
|
125
-1%
|
119
-4%
|
121
+1%
|
127
+5%
|
117
-8%
|
132
+13%
|
145
+10%
|
164
+13%
|
189
+15%
|
203
+7%
|
213
+5%
|
209
-2%
|
223
+7%
|
220
-2%
|
232
+5%
|
257
+11%
|
292
+13%
|
335
+15%
|
360
+7%
|
384
+7%
|
348
-9%
|
346
-1%
|
342
-1%
|
306
-11%
|
|
Net Income | |||||||||||||||||||||||||||||||||
Tax Provision |
(13)
|
(14)
|
(14)
|
(14)
|
(16)
|
(16)
|
(18)
|
(18)
|
(17)
|
(16)
|
(16)
|
(17)
|
(18)
|
(21)
|
(22)
|
(26)
|
(26)
|
(28)
|
(29)
|
(28)
|
(30)
|
(29)
|
(31)
|
(35)
|
(37)
|
(43)
|
(46)
|
(50)
|
(41)
|
(41)
|
(40)
|
(34)
|
|
Income from Continuing Operations |
82
|
86
|
90
|
92
|
100
|
104
|
108
|
109
|
108
|
104
|
105
|
111
|
99
|
111
|
122
|
138
|
163
|
175
|
183
|
181
|
193
|
191
|
200
|
222
|
254
|
292
|
314
|
334
|
307
|
305
|
302
|
272
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
2
|
2
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
5
|
5
|
|
Net Income (Common) |
82
N/A
|
86
+4%
|
90
+5%
|
92
+2%
|
100
+9%
|
104
+4%
|
108
+5%
|
109
+0%
|
108
-1%
|
104
-4%
|
104
+0%
|
109
+5%
|
97
-11%
|
110
+13%
|
125
+13%
|
141
+13%
|
165
+18%
|
177
+7%
|
183
+4%
|
181
-1%
|
193
+7%
|
191
-1%
|
200
+5%
|
222
+11%
|
254
+14%
|
292
+15%
|
314
+8%
|
334
+7%
|
308
-8%
|
306
0%
|
307
+0%
|
277
-10%
|
|
EPS (Diluted) |
0.48
N/A
|
0.49
+2%
|
0.52
+6%
|
0.4
-23%
|
0.5
+25%
|
0.45
-10%
|
0.47
+4%
|
0.48
+2%
|
0.47
-2%
|
0.45
-4%
|
0.45
N/A
|
0.47
+4%
|
0.42
-11%
|
0.48
+14%
|
0.54
+13%
|
0.61
+13%
|
0.72
+18%
|
0.77
+7%
|
0.8
+4%
|
0.79
-1%
|
0.84
+6%
|
0.82
-2%
|
0.87
+6%
|
0.97
+11%
|
1.11
+14%
|
1.27
+14%
|
1.37
+8%
|
1.45
+6%
|
1.34
-8%
|
1.33
-1%
|
1.34
+1%
|
1.21
-10%
|