Ningbo Cixing Co Ltd
SZSE:300307
Income Statement
Earnings Waterfall
Ningbo Cixing Co Ltd
Revenue
|
2B
CNY
|
Cost of Revenue
|
-1.5B
CNY
|
Gross Profit
|
569.1m
CNY
|
Operating Expenses
|
-485.7m
CNY
|
Operating Income
|
83.3m
CNY
|
Other Expenses
|
30.7m
CNY
|
Net Income
|
114.1m
CNY
|
Income Statement
Ningbo Cixing 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 |
2 000
N/A
|
1 790
-10%
|
1 342
-25%
|
858
-36%
|
764
-11%
|
701
-8%
|
665
-5%
|
707
+6%
|
750
+6%
|
801
+7%
|
905
+13%
|
954
+5%
|
1 098
+15%
|
1 221
+11%
|
1 268
+4%
|
1 361
+7%
|
1 404
+3%
|
1 446
+3%
|
1 672
+16%
|
1 734
+4%
|
1 690
-3%
|
1 780
+5%
|
1 667
-6%
|
1 558
-6%
|
1 521
-2%
|
1 298
-15%
|
1 223
-6%
|
1 277
+4%
|
1 233
-3%
|
1 453
+18%
|
1 746
+20%
|
1 916
+10%
|
2 131
+11%
|
2 136
+0%
|
2 045
-4%
|
1 978
-3%
|
1 901
-4%
|
1 958
+3%
|
2 058
+5%
|
2 079
+1%
|
2 032
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 200)
|
(1 066)
|
(813)
|
(563)
|
(589)
|
(465)
|
(421)
|
(459)
|
(493)
|
(478)
|
(549)
|
(579)
|
(691)
|
(710)
|
(745)
|
(792)
|
(880)
|
(914)
|
(1 096)
|
(1 160)
|
(1 130)
|
(1 132)
|
(1 059)
|
(1 022)
|
(1 240)
|
(1 003)
|
(939)
|
(985)
|
(1 109)
|
(1 149)
|
(1 379)
|
(1 503)
|
(1 596)
|
(1 617)
|
(1 574)
|
(1 518)
|
(1 390)
|
(1 431)
|
(1 481)
|
(1 495)
|
(1 463)
|
|
Gross Profit |
801
N/A
|
724
-10%
|
529
-27%
|
295
-44%
|
175
-41%
|
237
+36%
|
245
+3%
|
248
+1%
|
257
+3%
|
323
+26%
|
357
+10%
|
376
+5%
|
408
+9%
|
511
+25%
|
523
+2%
|
569
+9%
|
524
-8%
|
532
+1%
|
576
+8%
|
575
0%
|
560
-3%
|
647
+16%
|
608
-6%
|
537
-12%
|
281
-48%
|
295
+5%
|
284
-4%
|
292
+3%
|
125
-57%
|
303
+144%
|
367
+21%
|
413
+12%
|
535
+30%
|
519
-3%
|
472
-9%
|
460
-2%
|
511
+11%
|
527
+3%
|
577
+10%
|
584
+1%
|
569
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(487)
|
(517)
|
(587)
|
(594)
|
(615)
|
(690)
|
(570)
|
(480)
|
(294)
|
(327)
|
(329)
|
(365)
|
(374)
|
(446)
|
(456)
|
(455)
|
(381)
|
(415)
|
(452)
|
(470)
|
(500)
|
(599)
|
(588)
|
(566)
|
(527)
|
(1 281)
|
(1 268)
|
(1 267)
|
(411)
|
(809)
|
(837)
|
(837)
|
(483)
|
(480)
|
(451)
|
(470)
|
(439)
|
(439)
|
(486)
|
(461)
|
(486)
|
|
Selling, General & Administrative |
(327)
|
(331)
|
(320)
|
(274)
|
(531)
|
(228)
|
(197)
|
(217)
|
(226)
|
(237)
|
(257)
|
(248)
|
(280)
|
(309)
|
(331)
|
(329)
|
(289)
|
(356)
|
(392)
|
(419)
|
(406)
|
(444)
|
(425)
|
(411)
|
(401)
|
(415)
|
(392)
|
(376)
|
(295)
|
(357)
|
(393)
|
(410)
|
(351)
|
(413)
|
(395)
|
(414)
|
(325)
|
(360)
|
(408)
|
(388)
|
(389)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(70)
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
(78)
|
0
|
0
|
(20)
|
(63)
|
0
|
0
|
(20)
|
(63)
|
(53)
|
(78)
|
(81)
|
(75)
|
(66)
|
(58)
|
(55)
|
(64)
|
(64)
|
(75)
|
(74)
|
(74)
|
(81)
|
(69)
|
(67)
|
(85)
|
(83)
|
(82)
|
(77)
|
(77)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(50)
|
0
|
0
|
0
|
(64)
|
0
|
0
|
0
|
(71)
|
0
|
0
|
0
|
(68)
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
(40)
|
|
Other Operating Expenses |
(160)
|
(187)
|
(267)
|
(320)
|
0
|
(461)
|
(373)
|
(263)
|
0
|
(91)
|
(72)
|
(117)
|
(0)
|
(136)
|
(125)
|
(106)
|
8
|
(59)
|
(60)
|
(32)
|
19
|
(102)
|
(84)
|
(74)
|
13
|
(800)
|
(818)
|
(835)
|
20
|
(388)
|
(369)
|
(352)
|
10
|
14
|
13
|
11
|
23
|
4
|
4
|
4
|
21
|
|
Operating Income |
314
N/A
|
207
-34%
|
(58)
N/A
|
(299)
-417%
|
(441)
-48%
|
(453)
-3%
|
(325)
+28%
|
(232)
+29%
|
(37)
+84%
|
(4)
+89%
|
28
N/A
|
11
-62%
|
34
+221%
|
66
+93%
|
67
+2%
|
114
+71%
|
144
+26%
|
117
-19%
|
125
+7%
|
105
-16%
|
60
-42%
|
48
-20%
|
20
-59%
|
(30)
N/A
|
(246)
-735%
|
(986)
-300%
|
(984)
+0%
|
(975)
+1%
|
(286)
+71%
|
(505)
-77%
|
(470)
+7%
|
(424)
+10%
|
52
N/A
|
39
-25%
|
20
-48%
|
(10)
N/A
|
72
N/A
|
87
+21%
|
91
+4%
|
123
+35%
|
83
-32%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
71
|
66
|
61
|
48
|
43
|
49
|
52
|
62
|
61
|
58
|
75
|
72
|
80
|
64
|
115
|
97
|
43
|
150
|
91
|
98
|
57
|
58
|
52
|
59
|
52
|
49
|
41
|
36
|
27
|
29
|
19
|
12
|
18
|
15
|
35
|
45
|
15
|
10
|
20
|
5
|
(3)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
65
|
66
|
65
|
65
|
23
|
(1)
|
1
|
1
|
(672)
|
1
|
(1)
|
(0)
|
(288)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(1)
|
2
|
4
|
3
|
4
|
36
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(2)
|
11
|
11
|
0
|
13
|
0
|
(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
|
0
|
0
|
0
|
|
Total Other Income |
(28)
|
26
|
60
|
34
|
87
|
68
|
63
|
91
|
77
|
63
|
47
|
42
|
36
|
26
|
16
|
9
|
2
|
(71)
|
(71)
|
(71)
|
4
|
2
|
5
|
5
|
1
|
(3)
|
(6)
|
(5)
|
(10)
|
(7)
|
(10)
|
(10)
|
(8)
|
(8)
|
(8)
|
4
|
3
|
0
|
2
|
(9)
|
(4)
|
|
Pre-Tax Income |
357
N/A
|
299
-16%
|
63
-79%
|
(217)
N/A
|
(319)
-47%
|
(326)
-2%
|
(201)
+38%
|
(78)
+61%
|
112
N/A
|
117
+4%
|
149
+28%
|
124
-17%
|
133
+8%
|
155
+17%
|
198
+28%
|
220
+11%
|
254
+15%
|
263
+4%
|
211
-20%
|
197
-6%
|
143
-27%
|
108
-25%
|
77
-28%
|
36
-54%
|
(865)
N/A
|
(939)
-9%
|
(949)
-1%
|
(944)
+1%
|
(556)
+41%
|
(483)
+13%
|
(459)
+5%
|
(421)
+8%
|
63
N/A
|
46
-27%
|
47
+2%
|
38
-18%
|
92
+141%
|
102
+10%
|
116
+14%
|
123
+6%
|
113
-8%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(78)
|
(66)
|
(60)
|
(32)
|
(29)
|
(24)
|
8
|
5
|
(12)
|
(9)
|
(22)
|
(20)
|
(13)
|
(13)
|
(18)
|
(18)
|
(19)
|
(21)
|
(17)
|
(16)
|
(16)
|
(15)
|
(8)
|
(6)
|
(5)
|
(1)
|
(3)
|
(6)
|
(3)
|
(4)
|
3
|
2
|
11
|
12
|
3
|
6
|
(15)
|
(16)
|
(6)
|
(6)
|
(4)
|
|
Income from Continuing Operations |
279
|
233
|
4
|
(249)
|
(348)
|
(350)
|
(193)
|
(74)
|
101
|
108
|
127
|
104
|
120
|
143
|
180
|
203
|
235
|
242
|
194
|
181
|
127
|
93
|
69
|
30
|
(870)
|
(940)
|
(952)
|
(950)
|
(559)
|
(486)
|
(457)
|
(419)
|
73
|
58
|
50
|
44
|
77
|
85
|
111
|
116
|
109
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
3
|
3
|
4
|
5
|
5
|
3
|
4
|
5
|
6
|
7
|
11
|
10
|
(2)
|
0
|
(5)
|
(6)
|
(3)
|
2
|
32
|
31
|
45
|
40
|
15
|
17
|
9
|
5
|
14
|
15
|
7
|
10
|
5
|
|
Net Income (Common) |
279
N/A
|
233
-17%
|
4
-98%
|
(249)
N/A
|
(348)
-40%
|
(349)
0%
|
(192)
+45%
|
(72)
+63%
|
103
N/A
|
111
+8%
|
131
+18%
|
107
-18%
|
124
+16%
|
148
+19%
|
185
+25%
|
206
+11%
|
239
+16%
|
247
+3%
|
199
-19%
|
189
-5%
|
138
-27%
|
103
-25%
|
67
-34%
|
30
-56%
|
(874)
N/A
|
(946)
-8%
|
(955)
-1%
|
(947)
+1%
|
(527)
+44%
|
(455)
+14%
|
(412)
+10%
|
(379)
+8%
|
88
N/A
|
75
-15%
|
60
-20%
|
49
-17%
|
91
+85%
|
100
+9%
|
118
+18%
|
127
+8%
|
114
-10%
|
|
EPS (Diluted) |
0.35
N/A
|
0.27
-23%
|
0.01
-96%
|
-0.31
N/A
|
-0.43
-39%
|
-0.44
-2%
|
-0.24
+45%
|
-0.09
+63%
|
0.13
N/A
|
0.14
+8%
|
0.16
+14%
|
0.13
-19%
|
0.15
+15%
|
0.18
+20%
|
0.23
+28%
|
0.26
+13%
|
0.3
+15%
|
0.31
+3%
|
0.25
-19%
|
0.23
-8%
|
0.17
-26%
|
0.12
-29%
|
0.08
-33%
|
0.04
-50%
|
-1.09
N/A
|
-1.18
-8%
|
-1.25
-6%
|
-1.21
+3%
|
-0.67
+45%
|
-0.58
+13%
|
-0.52
+10%
|
-0.48
+8%
|
0.11
N/A
|
0.1
-9%
|
0.08
-20%
|
0.06
-25%
|
0.12
+100%
|
0.13
+8%
|
0.15
+15%
|
0.16
+7%
|
0.14
-13%
|