Shenzhen Megmeet Electrical Co Ltd
SZSE:002851
Income Statement
Earnings Waterfall
Shenzhen Megmeet Electrical Co Ltd
Revenue
|
6.4B
CNY
|
Cost of Revenue
|
-4.8B
CNY
|
Gross Profit
|
1.5B
CNY
|
Operating Expenses
|
-1.2B
CNY
|
Operating Income
|
397.2m
CNY
|
Other Expenses
|
253.7m
CNY
|
Net Income
|
651m
CNY
|
Income Statement
Shenzhen Megmeet Electrical Co Ltd
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 |
1 154
N/A
|
1 210
+5%
|
1 275
+5%
|
1 383
+8%
|
1 494
+8%
|
1 619
+8%
|
1 894
+17%
|
2 081
+10%
|
2 394
+15%
|
2 783
+16%
|
3 023
+9%
|
3 435
+14%
|
3 560
+4%
|
3 446
-3%
|
3 441
0%
|
3 364
-2%
|
3 376
+0%
|
3 606
+7%
|
3 773
+5%
|
3 842
+2%
|
4 156
+8%
|
4 459
+7%
|
4 923
+10%
|
5 220
+6%
|
5 478
+5%
|
5 845
+7%
|
6 059
+4%
|
6 368
+5%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(765)
|
(809)
|
(862)
|
(953)
|
(1 024)
|
(1 129)
|
(1 334)
|
(1 465)
|
(1 701)
|
(2 015)
|
(2 221)
|
(2 565)
|
(2 651)
|
(2 558)
|
(2 520)
|
(2 411)
|
(2 429)
|
(2 614)
|
(2 746)
|
(2 828)
|
(3 054)
|
(3 318)
|
(3 725)
|
(3 986)
|
(4 184)
|
(4 474)
|
(4 596)
|
(4 819)
|
|
Gross Profit |
389
N/A
|
401
+3%
|
414
+3%
|
430
+4%
|
470
+9%
|
491
+4%
|
560
+14%
|
616
+10%
|
692
+12%
|
768
+11%
|
802
+4%
|
871
+9%
|
909
+4%
|
888
-2%
|
922
+4%
|
953
+3%
|
948
-1%
|
992
+5%
|
1 027
+4%
|
1 014
-1%
|
1 101
+9%
|
1 142
+4%
|
1 198
+5%
|
1 234
+3%
|
1 294
+5%
|
1 371
+6%
|
1 464
+7%
|
1 549
+6%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(227)
|
(239)
|
(241)
|
(268)
|
(295)
|
(312)
|
(368)
|
(408)
|
(423)
|
(494)
|
(495)
|
(509)
|
(518)
|
(516)
|
(541)
|
(559)
|
(550)
|
(585)
|
(598)
|
(652)
|
(762)
|
(789)
|
(853)
|
(880)
|
(944)
|
(992)
|
(1 068)
|
(1 152)
|
|
Selling, General & Administrative |
(103)
|
(237)
|
(246)
|
(272)
|
(139)
|
(148)
|
(196)
|
(239)
|
(211)
|
(150)
|
(90)
|
(35)
|
(229)
|
(220)
|
(232)
|
(237)
|
(230)
|
(239)
|
(249)
|
(268)
|
(323)
|
(332)
|
(347)
|
(346)
|
(350)
|
(376)
|
(419)
|
(469)
|
|
Research & Development |
(127)
|
0
|
0
|
0
|
(172)
|
0
|
0
|
0
|
(244)
|
(319)
|
(400)
|
(478)
|
(323)
|
(342)
|
(353)
|
(366)
|
(349)
|
(393)
|
(405)
|
(430)
|
(437)
|
(494)
|
(533)
|
(578)
|
(597)
|
(667)
|
(690)
|
(719)
|
|
Depreciation & Amortization |
(3)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(42)
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
|
Other Operating Expenses |
6
|
(2)
|
5
|
6
|
27
|
(164)
|
(172)
|
(169)
|
48
|
(24)
|
(5)
|
5
|
57
|
46
|
44
|
44
|
61
|
47
|
57
|
46
|
40
|
37
|
26
|
43
|
56
|
50
|
41
|
36
|
|
Operating Income |
162
N/A
|
162
0%
|
172
+6%
|
162
-6%
|
175
+8%
|
179
+2%
|
192
+7%
|
208
+8%
|
270
+30%
|
274
+2%
|
307
+12%
|
362
+18%
|
391
+8%
|
373
-5%
|
381
+2%
|
394
+3%
|
397
+1%
|
407
+2%
|
429
+5%
|
363
-15%
|
339
-7%
|
352
+4%
|
345
-2%
|
353
+2%
|
349
-1%
|
379
+8%
|
396
+5%
|
397
+0%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(2)
|
(1)
|
4
|
(2)
|
15
|
20
|
22
|
5
|
18
|
18
|
11
|
12
|
6
|
2
|
(1)
|
36
|
51
|
53
|
110
|
74
|
83
|
115
|
63
|
174
|
214
|
288
|
288
|
|
Non-Reccuring Items |
(0)
|
0
|
(2)
|
0
|
(1)
|
(2)
|
(1)
|
(1)
|
(8)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
(0)
|
(3)
|
0
|
0
|
0
|
25
|
0
|
(0)
|
0
|
(21)
|
1
|
1
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
(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
|
|
Total Other Income |
17
|
18
|
13
|
11
|
1
|
(3)
|
1
|
1
|
1
|
2
|
2
|
3
|
1
|
(0)
|
(2)
|
(2)
|
0
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
3
|
1
|
1
|
2
|
|
Pre-Tax Income |
172
N/A
|
178
+3%
|
182
+3%
|
176
-4%
|
172
-2%
|
189
+9%
|
212
+12%
|
230
+8%
|
267
+16%
|
294
+10%
|
326
+11%
|
376
+15%
|
387
+3%
|
378
-2%
|
381
+1%
|
391
+3%
|
431
+10%
|
456
+6%
|
482
+6%
|
473
-2%
|
437
-8%
|
435
-1%
|
460
+6%
|
417
-9%
|
505
+21%
|
594
+18%
|
686
+15%
|
688
+0%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(21)
|
(22)
|
(22)
|
(18)
|
(16)
|
(17)
|
(20)
|
(10)
|
(9)
|
(15)
|
(6)
|
(19)
|
(22)
|
(17)
|
(25)
|
(20)
|
(28)
|
(27)
|
(33)
|
(30)
|
(24)
|
(28)
|
(18)
|
(18)
|
(26)
|
(28)
|
(46)
|
(38)
|
|
Income from Continuing Operations |
151
|
156
|
161
|
157
|
156
|
172
|
192
|
220
|
258
|
279
|
320
|
357
|
365
|
361
|
356
|
371
|
404
|
429
|
449
|
443
|
413
|
407
|
441
|
398
|
479
|
567
|
640
|
650
|
|
Income to Minority Interest |
(41)
|
(44)
|
(48)
|
(42)
|
(39)
|
(46)
|
(56)
|
(64)
|
(56)
|
(43)
|
(21)
|
(2)
|
(4)
|
(1)
|
(2)
|
(6)
|
(1)
|
(2)
|
(5)
|
2
|
(24)
|
(25)
|
(23)
|
(26)
|
(7)
|
(6)
|
(2)
|
1
|
|
Net Income (Common) |
110
N/A
|
112
+2%
|
113
+1%
|
116
+2%
|
117
+1%
|
126
+8%
|
136
+8%
|
155
+14%
|
202
+30%
|
236
+17%
|
299
+27%
|
355
+19%
|
361
+2%
|
360
0%
|
353
-2%
|
364
+3%
|
403
+11%
|
427
+6%
|
444
+4%
|
445
+0%
|
389
-13%
|
381
-2%
|
418
+10%
|
372
-11%
|
473
+27%
|
560
+19%
|
638
+14%
|
651
+2%
|
|
EPS (Diluted) |
0.37
N/A
|
0.33
-11%
|
0.28
-15%
|
0.28
N/A
|
0.31
+11%
|
0.31
N/A
|
0.33
+6%
|
0.38
+15%
|
0.48
+26%
|
0.5
+4%
|
0.65
+30%
|
0.76
+17%
|
0.77
+1%
|
0.77
N/A
|
0.76
-1%
|
0.72
-5%
|
0.84
+17%
|
0.87
+4%
|
0.89
+2%
|
0.89
N/A
|
0.78
-12%
|
0.77
-1%
|
0.85
+10%
|
0.75
-12%
|
0.94
+25%
|
1.05
+12%
|
1.18
+12%
|
1.3
+10%
|