T&S Communications Co Ltd
SZSE:300570
Income Statement
Earnings Waterfall
T&S Communications Co Ltd
Revenue
|
918.1m
CNY
|
Cost of Revenue
|
-657.9m
CNY
|
Gross Profit
|
260.2m
CNY
|
Operating Expenses
|
-134.8m
CNY
|
Operating Income
|
125.4m
CNY
|
Other Expenses
|
32.7m
CNY
|
Net Income
|
158.2m
CNY
|
Income Statement
T&S Communications 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 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||
Revenue |
421
N/A
|
447
+6%
|
445
0%
|
468
+5%
|
490
+5%
|
518
+6%
|
558
+8%
|
614
+10%
|
794
+29%
|
877
+10%
|
925
+5%
|
931
+1%
|
753
-19%
|
635
-16%
|
553
-13%
|
503
-9%
|
574
+14%
|
628
+10%
|
661
+5%
|
671
+1%
|
646
-4%
|
669
+4%
|
806
+20%
|
879
+9%
|
934
+6%
|
943
+1%
|
848
-10%
|
853
+1%
|
885
+4%
|
918
+4%
|
|
Gross Profit | |||||||||||||||||||||||||||||||
Cost of Revenue |
(270)
|
(284)
|
(285)
|
(306)
|
(316)
|
(343)
|
(374)
|
(418)
|
(532)
|
(588)
|
(608)
|
(612)
|
(511)
|
(443)
|
(394)
|
(363)
|
(415)
|
(446)
|
(462)
|
(477)
|
(475)
|
(477)
|
(574)
|
(612)
|
(646)
|
(640)
|
(590)
|
(606)
|
(640)
|
(658)
|
|
Gross Profit |
151
N/A
|
163
+8%
|
160
-2%
|
163
+2%
|
173
+7%
|
175
+1%
|
184
+5%
|
195
+6%
|
263
+35%
|
289
+10%
|
317
+10%
|
319
+1%
|
242
-24%
|
192
-21%
|
159
-17%
|
140
-12%
|
158
+13%
|
182
+15%
|
199
+9%
|
193
-3%
|
172
-11%
|
193
+12%
|
232
+20%
|
267
+15%
|
287
+8%
|
304
+6%
|
258
-15%
|
247
-4%
|
245
-1%
|
260
+6%
|
|
Operating Income | |||||||||||||||||||||||||||||||
Operating Expenses |
(51)
|
(55)
|
(55)
|
(55)
|
(58)
|
(49)
|
(60)
|
(74)
|
(112)
|
(128)
|
(128)
|
(123)
|
(90)
|
(72)
|
(70)
|
(71)
|
(77)
|
(90)
|
(102)
|
(99)
|
(89)
|
(101)
|
(132)
|
(148)
|
(148)
|
(166)
|
(140)
|
(134)
|
(120)
|
(135)
|
|
Selling, General & Administrative |
(30)
|
(40)
|
(41)
|
(54)
|
(37)
|
(28)
|
(38)
|
(42)
|
(77)
|
(83)
|
(82)
|
(79)
|
(61)
|
(55)
|
(49)
|
(47)
|
(49)
|
(55)
|
(53)
|
(53)
|
(56)
|
(59)
|
(82)
|
(86)
|
(85)
|
(88)
|
(71)
|
(72)
|
(71)
|
(74)
|
|
Research & Development |
(18)
|
0
|
0
|
0
|
(19)
|
(25)
|
0
|
(35)
|
(34)
|
(34)
|
(45)
|
(43)
|
(35)
|
(35)
|
(30)
|
(32)
|
(32)
|
(36)
|
(37)
|
(36)
|
(31)
|
(38)
|
(51)
|
(56)
|
(60)
|
(69)
|
(64)
|
(64)
|
(48)
|
(59)
|
|
Depreciation & Amortization |
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(14)
|
0
|
|
Other Operating Expenses |
(0)
|
(15)
|
(15)
|
(1)
|
2
|
3
|
(22)
|
3
|
6
|
(12)
|
(1)
|
(0)
|
15
|
18
|
9
|
8
|
14
|
0
|
(13)
|
(9)
|
11
|
(4)
|
0
|
(6)
|
12
|
(9)
|
(5)
|
1
|
13
|
(2)
|
|
Operating Income |
101
N/A
|
108
+8%
|
105
-3%
|
108
+2%
|
116
+7%
|
126
+9%
|
124
-2%
|
122
-2%
|
151
+24%
|
161
+7%
|
189
+17%
|
197
+4%
|
152
-23%
|
120
-21%
|
89
-26%
|
70
-22%
|
82
+17%
|
92
+12%
|
96
+5%
|
95
-1%
|
82
-13%
|
92
+11%
|
100
+9%
|
119
+19%
|
140
+18%
|
138
-2%
|
118
-14%
|
113
-4%
|
124
+10%
|
125
+1%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||
Interest Income Expense |
15
|
14
|
12
|
11
|
1
|
(6)
|
15
|
34
|
31
|
38
|
38
|
32
|
41
|
47
|
31
|
13
|
3
|
2
|
(9)
|
(1)
|
(5)
|
(12)
|
37
|
58
|
63
|
70
|
51
|
28
|
37
|
39
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
(3)
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
(0)
|
(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
|
|
Total Other Income |
2
|
2
|
1
|
1
|
(1)
|
(1)
|
(3)
|
(2)
|
(0)
|
(5)
|
(3)
|
(4)
|
1
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
3
|
5
|
|
Pre-Tax Income |
118
N/A
|
125
+6%
|
119
-4%
|
119
+0%
|
116
-3%
|
117
+0%
|
133
+14%
|
150
+13%
|
178
+19%
|
194
+9%
|
224
+15%
|
225
+0%
|
193
-14%
|
166
-14%
|
119
-29%
|
82
-31%
|
84
+1%
|
94
+12%
|
87
-7%
|
94
+8%
|
78
-17%
|
79
+2%
|
137
+73%
|
176
+29%
|
202
+15%
|
207
+3%
|
168
-19%
|
141
-16%
|
164
+17%
|
169
+3%
|
|
Net Income | |||||||||||||||||||||||||||||||
Tax Provision |
(16)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(19)
|
(22)
|
(27)
|
(30)
|
(33)
|
(33)
|
(27)
|
(23)
|
(17)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(7)
|
(7)
|
(13)
|
(18)
|
(23)
|
(24)
|
(14)
|
(10)
|
(12)
|
(12)
|
|
Income from Continuing Operations |
101
|
107
|
103
|
104
|
100
|
100
|
114
|
129
|
151
|
165
|
191
|
192
|
166
|
144
|
102
|
71
|
72
|
82
|
76
|
83
|
71
|
72
|
123
|
158
|
178
|
183
|
154
|
130
|
152
|
156
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
4
|
3
|
2
|
|
Net Income (Common) |
101
N/A
|
107
+6%
|
103
-4%
|
104
+1%
|
100
-4%
|
100
+0%
|
115
+14%
|
130
+13%
|
153
+18%
|
166
+9%
|
192
+16%
|
193
+0%
|
168
-13%
|
146
-13%
|
105
-28%
|
75
-29%
|
76
+1%
|
85
+12%
|
79
-7%
|
84
+7%
|
72
-15%
|
73
+2%
|
125
+70%
|
159
+27%
|
180
+13%
|
185
+3%
|
157
-15%
|
134
-14%
|
155
+15%
|
158
+2%
|
|
EPS (Diluted) |
0.57
N/A
|
0.46
-19%
|
0.44
-4%
|
0.45
+2%
|
0.44
-2%
|
0.44
N/A
|
0.5
+14%
|
0.57
+14%
|
0.66
+16%
|
0.73
+11%
|
0.84
+15%
|
0.84
N/A
|
0.73
-13%
|
0.64
-12%
|
0.47
-27%
|
0.34
-28%
|
0.33
-3%
|
0.38
+15%
|
0.35
-8%
|
0.37
+6%
|
0.32
-14%
|
0.33
+3%
|
0.56
+70%
|
0.71
+27%
|
0.81
+14%
|
0.83
+2%
|
0.7
-16%
|
0.6
-14%
|
0.7
+17%
|
0.71
+1%
|