CEC Environmental Protection Co Ltd
SZSE:300172
Income Statement
Earnings Waterfall
CEC Environmental Protection Co Ltd
Revenue
|
1B
CNY
|
Cost of Revenue
|
-760m
CNY
|
Gross Profit
|
246m
CNY
|
Operating Expenses
|
-148m
CNY
|
Operating Income
|
98m
CNY
|
Other Expenses
|
-12.2m
CNY
|
Net Income
|
85.8m
CNY
|
Income Statement
CEC Environmental Protection Co Ltd
Dec-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
541
N/A
|
549
+2%
|
568
+3%
|
574
+1%
|
607
+6%
|
623
+3%
|
625
+0%
|
622
0%
|
608
-2%
|
633
+4%
|
639
+1%
|
672
+5%
|
648
-3%
|
672
+4%
|
675
+0%
|
666
-1%
|
680
+2%
|
683
+0%
|
756
+11%
|
821
+9%
|
798
-3%
|
802
+0%
|
751
-6%
|
820
+9%
|
907
+11%
|
908
+0%
|
945
+4%
|
871
-8%
|
920
+6%
|
937
+2%
|
932
-1%
|
921
-1%
|
874
-5%
|
1 011
+16%
|
1 090
+8%
|
1 107
+2%
|
1 023
-8%
|
993
-3%
|
955
-4%
|
966
+1%
|
1 006
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(392)
|
(399)
|
(414)
|
(418)
|
(436)
|
(447)
|
(437)
|
(433)
|
(415)
|
(440)
|
(433)
|
(453)
|
(432)
|
(456)
|
(467)
|
(466)
|
(471)
|
(470)
|
(516)
|
(550)
|
(531)
|
(535)
|
(504)
|
(569)
|
(638)
|
(647)
|
(673)
|
(614)
|
(614)
|
(639)
|
(636)
|
(632)
|
(630)
|
(761)
|
(838)
|
(868)
|
(775)
|
(742)
|
(707)
|
(701)
|
(760)
|
|
Gross Profit |
148
N/A
|
150
+1%
|
154
+2%
|
156
+2%
|
171
+9%
|
176
+3%
|
188
+7%
|
189
+0%
|
193
+2%
|
193
0%
|
205
+7%
|
219
+6%
|
217
-1%
|
216
0%
|
208
-3%
|
201
-4%
|
210
+5%
|
213
+1%
|
240
+13%
|
271
+13%
|
267
-1%
|
267
0%
|
247
-7%
|
250
+1%
|
269
+8%
|
261
-3%
|
272
+4%
|
257
-6%
|
306
+19%
|
298
-3%
|
296
-1%
|
288
-2%
|
244
-15%
|
250
+2%
|
252
+1%
|
238
-5%
|
249
+4%
|
251
+1%
|
248
-1%
|
265
+7%
|
246
-7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(84)
|
(83)
|
(85)
|
(83)
|
(90)
|
(90)
|
(91)
|
(93)
|
(99)
|
(96)
|
(105)
|
(107)
|
(114)
|
(114)
|
(106)
|
(104)
|
(104)
|
(103)
|
(119)
|
(140)
|
(150)
|
(153)
|
(142)
|
(136)
|
(125)
|
(118)
|
(118)
|
(107)
|
(118)
|
(107)
|
(118)
|
(127)
|
(139)
|
(142)
|
(135)
|
(125)
|
(136)
|
(176)
|
(174)
|
(191)
|
(148)
|
|
Selling, General & Administrative |
(76)
|
(76)
|
(77)
|
(77)
|
(56)
|
(81)
|
(81)
|
(81)
|
(67)
|
(80)
|
(82)
|
(85)
|
(74)
|
(95)
|
(84)
|
(77)
|
(70)
|
(68)
|
(72)
|
(85)
|
(112)
|
(95)
|
(112)
|
(110)
|
(99)
|
(98)
|
(95)
|
(90)
|
(102)
|
(99)
|
(108)
|
(110)
|
(110)
|
(115)
|
(108)
|
(96)
|
(100)
|
(106)
|
(109)
|
(129)
|
(117)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
0
|
(30)
|
0
|
0
|
(8)
|
(30)
|
0
|
0
|
(17)
|
(35)
|
(32)
|
(40)
|
(41)
|
(42)
|
(39)
|
(37)
|
(35)
|
(34)
|
(36)
|
(40)
|
(41)
|
(36)
|
(42)
|
(40)
|
(44)
|
(44)
|
(46)
|
(46)
|
(41)
|
(37)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(9)
|
|
Other Operating Expenses |
(8)
|
(7)
|
(8)
|
(6)
|
(0)
|
(9)
|
(10)
|
(12)
|
(1)
|
(16)
|
(24)
|
(22)
|
(0)
|
(18)
|
(22)
|
(19)
|
4
|
(35)
|
(47)
|
(37)
|
8
|
(27)
|
11
|
15
|
27
|
19
|
14
|
18
|
27
|
29
|
30
|
25
|
17
|
15
|
13
|
16
|
19
|
(25)
|
(19)
|
(21)
|
15
|
|
Operating Income |
64
N/A
|
67
+4%
|
69
+3%
|
73
+7%
|
81
+11%
|
86
+6%
|
97
+13%
|
96
-1%
|
94
-2%
|
97
+2%
|
100
+4%
|
112
+12%
|
103
-8%
|
102
-1%
|
103
+1%
|
97
-6%
|
106
+10%
|
109
+3%
|
122
+11%
|
132
+8%
|
117
-11%
|
114
-3%
|
106
-7%
|
115
+8%
|
144
+26%
|
143
-1%
|
154
+8%
|
150
-3%
|
188
+25%
|
191
+2%
|
178
-7%
|
161
-9%
|
105
-35%
|
108
+3%
|
117
+8%
|
113
-3%
|
112
-1%
|
74
-34%
|
74
+0%
|
74
0%
|
98
+33%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
9
|
9
|
10
|
10
|
11
|
10
|
10
|
11
|
11
|
10
|
12
|
11
|
12
|
13
|
12
|
13
|
15
|
17
|
18
|
17
|
17
|
17
|
19
|
20
|
21
|
21
|
20
|
20
|
11
|
11
|
11
|
5
|
13
|
12
|
13
|
19
|
16
|
18
|
18
|
18
|
24
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(43)
|
(0)
|
(0)
|
(0)
|
(26)
|
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
6
|
5
|
8
|
8
|
9
|
9
|
7
|
14
|
14
|
16
|
17
|
12
|
19
|
20
|
29
|
28
|
22
|
20
|
11
|
15
|
8
|
12
|
22
|
15
|
(2)
|
6
|
(6)
|
(5)
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
80
N/A
|
81
+1%
|
87
+7%
|
91
+6%
|
101
+10%
|
105
+4%
|
115
+9%
|
121
+6%
|
120
-2%
|
122
+2%
|
129
+6%
|
135
+5%
|
134
-1%
|
135
+1%
|
144
+6%
|
138
-4%
|
144
+4%
|
146
+2%
|
150
+3%
|
164
+9%
|
143
-13%
|
143
+0%
|
146
+2%
|
150
+2%
|
164
+10%
|
170
+3%
|
169
0%
|
165
-3%
|
199
+21%
|
203
+2%
|
188
-7%
|
166
-12%
|
118
-29%
|
120
+1%
|
129
+8%
|
132
+2%
|
86
-35%
|
92
+7%
|
92
+0%
|
92
+0%
|
96
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(20)
|
(20)
|
(20)
|
(21)
|
(17)
|
(16)
|
(17)
|
(19)
|
(19)
|
(20)
|
(20)
|
(17)
|
(21)
|
(23)
|
(21)
|
(15)
|
(11)
|
(12)
|
(13)
|
(14)
|
(16)
|
(17)
|
(15)
|
(16)
|
(15)
|
|
Income from Continuing Operations |
69
|
70
|
75
|
79
|
87
|
91
|
99
|
105
|
104
|
106
|
113
|
118
|
117
|
118
|
126
|
121
|
124
|
126
|
131
|
143
|
126
|
127
|
129
|
131
|
145
|
150
|
150
|
148
|
178
|
180
|
167
|
151
|
107
|
108
|
116
|
118
|
70
|
75
|
77
|
76
|
80
|
|
Income to Minority Interest |
0
|
0
|
(0)
|
(1)
|
(4)
|
(5)
|
(6)
|
(6)
|
(3)
|
(3)
|
(4)
|
(5)
|
(8)
|
(9)
|
(7)
|
(6)
|
(5)
|
(5)
|
(4)
|
(6)
|
(4)
|
(4)
|
(5)
|
(5)
|
(2)
|
(3)
|
(2)
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
2
|
1
|
7
|
6
|
8
|
10
|
6
|
|
Net Income (Common) |
69
N/A
|
70
+1%
|
74
+6%
|
77
+4%
|
83
+8%
|
86
+3%
|
93
+8%
|
100
+7%
|
101
+1%
|
104
+3%
|
108
+5%
|
113
+5%
|
109
-4%
|
110
+1%
|
119
+9%
|
115
-4%
|
118
+3%
|
121
+2%
|
126
+4%
|
137
+9%
|
122
-11%
|
123
+1%
|
124
+1%
|
125
+1%
|
143
+14%
|
147
+3%
|
147
+0%
|
148
+1%
|
177
+19%
|
179
+1%
|
167
-7%
|
150
-10%
|
107
-29%
|
109
+3%
|
118
+8%
|
119
+1%
|
76
-36%
|
81
+7%
|
85
+4%
|
86
+1%
|
86
0%
|
|
EPS (Diluted) |
0.11
N/A
|
0.11
N/A
|
0.12
+9%
|
0.12
N/A
|
0.13
+8%
|
0.13
N/A
|
0.14
+8%
|
0.15
+7%
|
0.15
N/A
|
0.16
+7%
|
0.17
+6%
|
0.18
+6%
|
0.17
-6%
|
0.17
N/A
|
0.18
+6%
|
0.17
-6%
|
0.18
+6%
|
0.18
N/A
|
0.19
+6%
|
0.21
+11%
|
0.19
-10%
|
0.19
N/A
|
0.18
-5%
|
0.18
N/A
|
0.22
+22%
|
0.21
-5%
|
0.22
+5%
|
0.22
N/A
|
0.26
+18%
|
0.26
N/A
|
0.38
+46%
|
0.22
-42%
|
0.16
-27%
|
0.16
N/A
|
0.17
+6%
|
0.18
+6%
|
0.11
-39%
|
0.12
+9%
|
0.13
+8%
|
0.13
N/A
|
0.13
N/A
|