Hailun Piano Co Ltd
SZSE:300329
Income Statement
Earnings Waterfall
Hailun Piano Co Ltd
Revenue
|
314.7m
CNY
|
Cost of Revenue
|
-240.4m
CNY
|
Gross Profit
|
74.3m
CNY
|
Operating Expenses
|
-81.5m
CNY
|
Operating Income
|
-7.3m
CNY
|
Other Expenses
|
13.6m
CNY
|
Net Income
|
6.3m
CNY
|
Income Statement
Hailun Piano Co Ltd
Sep-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
332
N/A
|
339
+2%
|
340
+1%
|
344
+1%
|
347
+1%
|
353
+2%
|
363
+3%
|
364
+0%
|
363
0%
|
369
+2%
|
366
-1%
|
373
+2%
|
382
+2%
|
389
+2%
|
398
+2%
|
418
+5%
|
444
+6%
|
470
+6%
|
491
+4%
|
510
+4%
|
521
+2%
|
527
+1%
|
541
+2%
|
537
-1%
|
542
+1%
|
554
+2%
|
497
-10%
|
475
-4%
|
475
0%
|
476
+0%
|
536
+13%
|
548
+2%
|
540
-1%
|
522
-3%
|
489
-6%
|
459
-6%
|
429
-7%
|
379
-12%
|
358
-6%
|
345
-4%
|
315
-9%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(233)
|
(237)
|
(241)
|
(247)
|
(253)
|
(259)
|
(267)
|
(268)
|
(264)
|
(264)
|
(267)
|
(273)
|
(284)
|
(287)
|
(298)
|
(314)
|
(332)
|
(343)
|
(362)
|
(371)
|
(377)
|
(377)
|
(392)
|
(388)
|
(394)
|
(395)
|
(360)
|
(347)
|
(348)
|
(358)
|
(409)
|
(419)
|
(415)
|
(387)
|
(365)
|
(348)
|
(326)
|
(281)
|
(273)
|
(263)
|
(240)
|
|
Gross Profit |
99
N/A
|
102
+3%
|
99
-3%
|
97
-2%
|
93
-4%
|
94
+1%
|
95
+1%
|
96
+1%
|
99
+4%
|
105
+5%
|
99
-5%
|
100
+1%
|
98
-2%
|
102
+4%
|
100
-2%
|
104
+4%
|
112
+8%
|
127
+13%
|
129
+2%
|
138
+8%
|
144
+4%
|
151
+5%
|
149
-1%
|
148
0%
|
149
+0%
|
159
+7%
|
137
-14%
|
129
-6%
|
127
-1%
|
117
-8%
|
127
+8%
|
129
+2%
|
125
-3%
|
135
+8%
|
124
-8%
|
111
-10%
|
103
-8%
|
98
-5%
|
84
-14%
|
82
-3%
|
74
-9%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(68)
|
(73)
|
(72)
|
(70)
|
(67)
|
(65)
|
(65)
|
(68)
|
(70)
|
(75)
|
(74)
|
(75)
|
(79)
|
(84)
|
(83)
|
(82)
|
(83)
|
(94)
|
(91)
|
(97)
|
(104)
|
(111)
|
(112)
|
(115)
|
(118)
|
(123)
|
(110)
|
(109)
|
(104)
|
(98)
|
(98)
|
(96)
|
(93)
|
(109)
|
(204)
|
(200)
|
(200)
|
(90)
|
(80)
|
(82)
|
(82)
|
|
Selling, General & Administrative |
(67)
|
(55)
|
(71)
|
(69)
|
(66)
|
(46)
|
(65)
|
(68)
|
(68)
|
(53)
|
(73)
|
(74)
|
(78)
|
(63)
|
(82)
|
(83)
|
(79)
|
(74)
|
(83)
|
(88)
|
(94)
|
(92)
|
(100)
|
(97)
|
(101)
|
(100)
|
(94)
|
(95)
|
(91)
|
(77)
|
(77)
|
(74)
|
(69)
|
(84)
|
(84)
|
(81)
|
(83)
|
(71)
|
(67)
|
(70)
|
(70)
|
|
Research & Development |
0
|
(16)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
(5)
|
(20)
|
0
|
0
|
(11)
|
(19)
|
(16)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(21)
|
(19)
|
(21)
|
(22)
|
(22)
|
(20)
|
(21)
|
(20)
|
(17)
|
(14)
|
(15)
|
(14)
|
(14)
|
|
Depreciation & Amortization |
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
(0)
|
(1)
|
(2)
|
(1)
|
(0)
|
(1)
|
(0)
|
(2)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
1
|
2
|
4
|
(8)
|
(9)
|
1
|
5
|
4
|
3
|
4
|
3
|
5
|
7
|
9
|
3
|
1
|
(1)
|
(3)
|
2
|
(99)
|
(99)
|
(99)
|
2
|
1
|
2
|
3
|
|
Operating Income |
32
N/A
|
29
-7%
|
28
-5%
|
27
-3%
|
27
-1%
|
29
+9%
|
30
+3%
|
28
-8%
|
30
+7%
|
30
+0%
|
26
-13%
|
25
-4%
|
19
-22%
|
19
-4%
|
17
-9%
|
22
+28%
|
29
+34%
|
33
+15%
|
38
+14%
|
42
+10%
|
40
-5%
|
40
N/A
|
37
-7%
|
33
-10%
|
31
-7%
|
35
+14%
|
27
-24%
|
19
-29%
|
23
+20%
|
20
-16%
|
29
+48%
|
33
+14%
|
32
-4%
|
26
-18%
|
(80)
N/A
|
(89)
-10%
|
(97)
-9%
|
8
N/A
|
4
-46%
|
0
-91%
|
(7)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
3
|
1
|
2
|
2
|
0
|
(1)
|
(4)
|
(4)
|
(0)
|
2
|
7
|
10
|
11
|
13
|
14
|
13
|
12
|
11
|
11
|
13
|
17
|
20
|
20
|
21
|
22
|
21
|
18
|
16
|
14
|
15
|
16
|
18
|
18
|
(2)
|
(6)
|
(11)
|
(14)
|
(4)
|
(3)
|
0
|
(3)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(103)
|
1
|
1
|
2
|
3
|
1
|
1
|
18
|
|
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 |
4
|
8
|
7
|
6
|
6
|
3
|
3
|
6
|
6
|
6
|
6
|
4
|
9
|
7
|
8
|
6
|
2
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
|
Pre-Tax Income |
38
N/A
|
38
N/A
|
36
-4%
|
35
-4%
|
32
-7%
|
30
-8%
|
29
-3%
|
30
+3%
|
35
+16%
|
37
+5%
|
39
+6%
|
39
+2%
|
39
-2%
|
38
-3%
|
39
+3%
|
40
+4%
|
43
+7%
|
46
+8%
|
51
+10%
|
58
+14%
|
59
+1%
|
61
+4%
|
59
-3%
|
56
-5%
|
55
-2%
|
56
+3%
|
45
-21%
|
35
-21%
|
36
+3%
|
33
-8%
|
45
+37%
|
51
+12%
|
50
-1%
|
(80)
N/A
|
(87)
-9%
|
(100)
-14%
|
(111)
-11%
|
6
N/A
|
2
-65%
|
2
-5%
|
8
+288%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(4)
|
(4)
|
(3)
|
(3)
|
(5)
|
(5)
|
(6)
|
(6)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(4)
|
(3)
|
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
(0)
|
0
|
1
|
2
|
3
|
3
|
(1)
|
|
Income from Continuing Operations |
33
|
33
|
31
|
29
|
27
|
26
|
25
|
27
|
32
|
31
|
33
|
33
|
33
|
33
|
34
|
36
|
38
|
41
|
45
|
51
|
52
|
55
|
54
|
52
|
52
|
52
|
41
|
32
|
33
|
31
|
43
|
48
|
48
|
(81)
|
(88)
|
(100)
|
(109)
|
8
|
5
|
5
|
6
|
|
Income to Minority Interest |
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
32
N/A
|
32
+1%
|
31
-4%
|
29
-7%
|
26
-9%
|
26
-2%
|
25
-2%
|
27
+8%
|
32
+17%
|
31
-2%
|
33
+7%
|
33
+0%
|
33
-2%
|
33
+2%
|
34
+3%
|
36
+4%
|
38
+6%
|
41
+8%
|
45
+10%
|
51
+13%
|
52
+1%
|
55
+6%
|
53
-2%
|
52
-3%
|
52
0%
|
52
+0%
|
41
-21%
|
33
-20%
|
33
+2%
|
32
-5%
|
43
+35%
|
48
+12%
|
48
+1%
|
(80)
N/A
|
(87)
-9%
|
(98)
-13%
|
(108)
-10%
|
8
N/A
|
5
-34%
|
5
-1%
|
6
+17%
|
|
EPS (Diluted) |
0.13
N/A
|
0.13
N/A
|
0.13
N/A
|
0.12
-8%
|
0.11
-8%
|
0.11
N/A
|
0.11
N/A
|
0.12
+9%
|
0.14
+17%
|
0.13
-7%
|
0.15
+15%
|
0.15
N/A
|
0.14
-7%
|
0.13
-7%
|
0.14
+8%
|
0.14
N/A
|
0.15
+7%
|
0.16
+7%
|
0.18
+13%
|
0.2
+11%
|
0.2
N/A
|
0.22
+10%
|
0.2
-9%
|
0.2
N/A
|
0.2
N/A
|
0.21
+5%
|
0.16
-24%
|
0.12
-25%
|
0.13
+8%
|
0.13
N/A
|
0.17
+31%
|
0.2
+18%
|
0.19
-5%
|
-0.31
N/A
|
-0.34
-10%
|
-0.38
-12%
|
-0.42
-11%
|
0.03
N/A
|
0.02
-33%
|
0.02
N/A
|
0.03
+50%
|