Zhejiang Canaan Technology Ltd
SZSE:300412
Income Statement
Earnings Waterfall
Zhejiang Canaan Technology Ltd
Revenue
|
1.1B
CNY
|
Cost of Revenue
|
-825m
CNY
|
Gross Profit
|
286.6m
CNY
|
Operating Expenses
|
-387.9m
CNY
|
Operating Income
|
-101.3m
CNY
|
Other Expenses
|
11m
CNY
|
Net Income
|
-90.3m
CNY
|
Income Statement
Zhejiang Canaan Technology Ltd
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 |
158
N/A
|
180
+14%
|
184
+2%
|
200
+9%
|
208
+4%
|
207
0%
|
217
+5%
|
230
+6%
|
239
+4%
|
249
+4%
|
302
+21%
|
310
+3%
|
339
+9%
|
391
+15%
|
445
+14%
|
463
+4%
|
483
+4%
|
483
0%
|
579
+20%
|
577
0%
|
578
+0%
|
621
+7%
|
703
+13%
|
716
+2%
|
849
+19%
|
949
+12%
|
1 007
+6%
|
1 089
+8%
|
1 103
+1%
|
1 155
+5%
|
1 060
-8%
|
1 102
+4%
|
1 122
+2%
|
1 065
-5%
|
1 103
+4%
|
1 093
-1%
|
1 087
-1%
|
1 112
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(82)
|
(92)
|
(91)
|
(101)
|
(104)
|
(104)
|
(106)
|
(115)
|
(117)
|
(123)
|
(151)
|
(161)
|
(182)
|
(219)
|
(259)
|
(279)
|
(298)
|
(305)
|
(361)
|
(361)
|
(359)
|
(381)
|
(441)
|
(456)
|
(572)
|
(650)
|
(720)
|
(789)
|
(782)
|
(836)
|
(756)
|
(779)
|
(792)
|
(758)
|
(850)
|
(818)
|
(825)
|
(825)
|
|
Gross Profit |
76
N/A
|
88
+16%
|
93
+5%
|
99
+7%
|
104
+5%
|
103
0%
|
112
+8%
|
115
+3%
|
122
+5%
|
126
+4%
|
151
+19%
|
149
-1%
|
156
+5%
|
171
+10%
|
186
+9%
|
184
-1%
|
185
+0%
|
178
-4%
|
218
+23%
|
216
-1%
|
219
+1%
|
240
+10%
|
262
+9%
|
260
-1%
|
277
+6%
|
298
+8%
|
288
-4%
|
300
+4%
|
321
+7%
|
320
0%
|
303
-5%
|
323
+6%
|
329
+2%
|
307
-7%
|
253
-18%
|
275
+8%
|
262
-5%
|
287
+9%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(35)
|
(37)
|
(46)
|
(48)
|
(51)
|
(54)
|
(62)
|
(61)
|
(64)
|
(70)
|
(93)
|
(89)
|
(99)
|
(113)
|
(136)
|
(131)
|
(135)
|
(134)
|
(157)
|
(143)
|
(146)
|
(159)
|
(184)
|
(173)
|
(181)
|
(194)
|
(198)
|
(201)
|
(207)
|
(209)
|
(227)
|
(262)
|
(272)
|
(286)
|
(308)
|
(379)
|
(385)
|
(388)
|
|
Selling, General & Administrative |
(35)
|
(37)
|
(33)
|
(48)
|
(51)
|
(54)
|
(47)
|
(61)
|
(64)
|
(70)
|
(75)
|
(89)
|
(99)
|
(97)
|
(124)
|
(123)
|
(130)
|
(137)
|
(125)
|
(124)
|
(121)
|
(127)
|
(142)
|
(139)
|
(143)
|
(161)
|
(157)
|
(163)
|
(165)
|
(162)
|
(163)
|
(171)
|
(179)
|
(185)
|
(224)
|
(236)
|
(244)
|
(251)
|
|
Research & Development |
0
|
0
|
(10)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(23)
|
0
|
0
|
(16)
|
(31)
|
(29)
|
(36)
|
(43)
|
(47)
|
(48)
|
(51)
|
(49)
|
(48)
|
(53)
|
(58)
|
(66)
|
(64)
|
(69)
|
(71)
|
(73)
|
(76)
|
(85)
|
(89)
|
(85)
|
|
Depreciation & Amortization |
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(15)
|
15
|
(8)
|
(6)
|
20
|
7
|
10
|
11
|
11
|
14
|
14
|
13
|
16
|
16
|
16
|
16
|
19
|
15
|
(22)
|
(23)
|
(27)
|
12
|
(58)
|
(53)
|
(52)
|
|
Operating Income |
41
N/A
|
51
+24%
|
47
-9%
|
52
+10%
|
53
+3%
|
50
-6%
|
50
+1%
|
55
+9%
|
58
+6%
|
57
-2%
|
57
+2%
|
60
+4%
|
57
-5%
|
59
+3%
|
50
-14%
|
53
+5%
|
50
-6%
|
44
-12%
|
61
+40%
|
73
+19%
|
73
+0%
|
82
+12%
|
78
-4%
|
88
+12%
|
96
+10%
|
104
+8%
|
89
-15%
|
99
+11%
|
114
+15%
|
111
-2%
|
77
-31%
|
60
-21%
|
57
-6%
|
21
-62%
|
(55)
N/A
|
(104)
-91%
|
(124)
-19%
|
(101)
+18%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
6
|
7
|
6
|
9
|
8
|
5
|
4
|
2
|
0
|
13
|
11
|
9
|
13
|
0
|
2
|
2
|
(3)
|
50
|
48
|
47
|
49
|
1
|
1
|
1
|
(0)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
0
|
(3)
|
(3)
|
(4)
|
0
|
(5)
|
(6)
|
(7)
|
(1)
|
(7)
|
(7)
|
(7)
|
(13)
|
(24)
|
(24)
|
(23)
|
(15)
|
(19)
|
(17)
|
(16)
|
0
|
0
|
(1)
|
(1)
|
(27)
|
(0)
|
0
|
0
|
(34)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
4
|
4
|
5
|
3
|
4
|
5
|
6
|
7
|
8
|
10
|
10
|
10
|
11
|
11
|
1
|
(1)
|
(3)
|
(8)
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
(0)
|
0
|
(1)
|
2
|
(1)
|
(1)
|
1
|
0
|
0
|
(0)
|
(1)
|
|
Pre-Tax Income |
43
N/A
|
53
+25%
|
50
-6%
|
52
+6%
|
56
+8%
|
54
-4%
|
60
+10%
|
63
+5%
|
66
+5%
|
66
+0%
|
70
+6%
|
68
-3%
|
64
-5%
|
69
+7%
|
57
-17%
|
51
-11%
|
48
-5%
|
36
-26%
|
53
+48%
|
53
N/A
|
51
-3%
|
60
+18%
|
77
+28%
|
82
+6%
|
90
+10%
|
102
+13%
|
89
-13%
|
101
+14%
|
115
+14%
|
106
-8%
|
101
-4%
|
107
+6%
|
103
-4%
|
72
-30%
|
(87)
N/A
|
(103)
-18%
|
(123)
-20%
|
(102)
+17%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||
Tax Provision |
(6)
|
(8)
|
(7)
|
(7)
|
(8)
|
(7)
|
(8)
|
(9)
|
(9)
|
(8)
|
(10)
|
(10)
|
(9)
|
(10)
|
(9)
|
(8)
|
(8)
|
(6)
|
(7)
|
(8)
|
(6)
|
(9)
|
(18)
|
(18)
|
(20)
|
(21)
|
(11)
|
(14)
|
(14)
|
(12)
|
(14)
|
(15)
|
(15)
|
(12)
|
4
|
7
|
8
|
4
|
|
Income from Continuing Operations |
37
|
46
|
43
|
45
|
48
|
47
|
52
|
54
|
57
|
58
|
60
|
58
|
56
|
58
|
48
|
43
|
41
|
30
|
46
|
45
|
45
|
52
|
59
|
64
|
70
|
81
|
78
|
86
|
100
|
94
|
88
|
92
|
89
|
60
|
(83)
|
(96)
|
(115)
|
(98)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(2)
|
(1)
|
(1)
|
(4)
|
(3)
|
(3)
|
(4)
|
(12)
|
(11)
|
(10)
|
(12)
|
(8)
|
(9)
|
(9)
|
(11)
|
(10)
|
(14)
|
(23)
|
(20)
|
(14)
|
(11)
|
(10)
|
(6)
|
8
|
10
|
14
|
8
|
|
Net Income (Common) |
37
N/A
|
46
+25%
|
43
-6%
|
45
+5%
|
48
+7%
|
47
-4%
|
52
+10%
|
54
+5%
|
56
+4%
|
56
+1%
|
57
+1%
|
56
-2%
|
55
-3%
|
58
+5%
|
44
-24%
|
40
-8%
|
37
-7%
|
27
-29%
|
34
+27%
|
34
+2%
|
35
+3%
|
41
+14%
|
51
+27%
|
54
+6%
|
61
+13%
|
70
+14%
|
68
-3%
|
72
+6%
|
77
+7%
|
74
-5%
|
74
+0%
|
81
+10%
|
78
-3%
|
54
-31%
|
(75)
N/A
|
(85)
-13%
|
(101)
-19%
|
(90)
+11%
|
|
EPS (Diluted) |
0.2
N/A
|
0.25
+25%
|
0.24
-4%
|
0.19
-21%
|
0.2
+5%
|
0.21
+5%
|
0.22
+5%
|
0.22
N/A
|
0.23
+5%
|
0.24
+4%
|
0.24
N/A
|
0.21
-13%
|
0.23
+10%
|
0.23
N/A
|
0.17
-26%
|
0.16
-6%
|
0.14
-13%
|
0.1
-29%
|
0.13
+30%
|
0.13
N/A
|
0.14
+8%
|
0.16
+14%
|
0.2
+25%
|
0.21
+5%
|
0.23
+10%
|
0.26
+13%
|
0.26
N/A
|
0.27
+4%
|
0.17
-37%
|
0.16
-6%
|
0.17
+6%
|
0.18
+6%
|
0.17
-6%
|
0.11
-35%
|
-0.15
N/A
|
-0.17
-13%
|
-0.2
-18%
|
-0.18
+10%
|