Advanced Fiber Resources Zhuhai Ltd
SZSE:300620
Income Statement
Earnings Waterfall
Advanced Fiber Resources Zhuhai Ltd
Revenue
|
715.1m
CNY
|
Cost of Revenue
|
-474.8m
CNY
|
Gross Profit
|
240.3m
CNY
|
Operating Expenses
|
-213.6m
CNY
|
Operating Income
|
26.8m
CNY
|
Other Expenses
|
23.9m
CNY
|
Net Income
|
50.6m
CNY
|
Income Statement
Advanced Fiber Resources Zhuhai 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 |
176
N/A
|
185
+5%
|
193
+4%
|
220
+14%
|
230
+5%
|
250
+8%
|
271
+8%
|
273
+1%
|
289
+6%
|
301
+4%
|
331
+10%
|
362
+9%
|
391
+8%
|
392
+0%
|
421
+7%
|
459
+9%
|
492
+7%
|
561
+14%
|
590
+5%
|
632
+7%
|
668
+6%
|
663
-1%
|
675
+2%
|
675
0%
|
642
-5%
|
656
+2%
|
666
+1%
|
673
+1%
|
710
+6%
|
715
+1%
|
|
Gross Profit | |||||||||||||||||||||||||||||||
Cost of Revenue |
(90)
|
(100)
|
(101)
|
(117)
|
(123)
|
(134)
|
(145)
|
(147)
|
(155)
|
(170)
|
(194)
|
(210)
|
(227)
|
(231)
|
(241)
|
(265)
|
(280)
|
(319)
|
(340)
|
(353)
|
(390)
|
(391)
|
(408)
|
(434)
|
(408)
|
(425)
|
(436)
|
(438)
|
(469)
|
(475)
|
|
Gross Profit |
86
N/A
|
85
-2%
|
92
+8%
|
103
+13%
|
107
+4%
|
116
+8%
|
126
+8%
|
125
0%
|
134
+7%
|
131
-2%
|
137
+4%
|
152
+11%
|
164
+8%
|
161
-2%
|
180
+12%
|
194
+8%
|
212
+9%
|
242
+14%
|
250
+3%
|
279
+12%
|
278
-1%
|
273
-2%
|
267
-2%
|
241
-10%
|
234
-3%
|
231
-1%
|
230
-1%
|
235
+2%
|
240
+2%
|
240
0%
|
|
Operating Income | |||||||||||||||||||||||||||||||
Operating Expenses |
(43)
|
(42)
|
(44)
|
(47)
|
(38)
|
(35)
|
(37)
|
(38)
|
(63)
|
(74)
|
(86)
|
(99)
|
(110)
|
(104)
|
(115)
|
(121)
|
(130)
|
(151)
|
(149)
|
(167)
|
(154)
|
(149)
|
(150)
|
(141)
|
(155)
|
(164)
|
(185)
|
(202)
|
(206)
|
(214)
|
|
Selling, General & Administrative |
(24)
|
(40)
|
(43)
|
(46)
|
(26)
|
(27)
|
(29)
|
(28)
|
(45)
|
(60)
|
(66)
|
(74)
|
(77)
|
(77)
|
(86)
|
(89)
|
(84)
|
(103)
|
(99)
|
(107)
|
(93)
|
(95)
|
(98)
|
(91)
|
(87)
|
(93)
|
(95)
|
(98)
|
(99)
|
(107)
|
|
Research & Development |
(17)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
(26)
|
(24)
|
(23)
|
(31)
|
(36)
|
(33)
|
(38)
|
(39)
|
(42)
|
(45)
|
(57)
|
(63)
|
(74)
|
(71)
|
(84)
|
(91)
|
(93)
|
(88)
|
(108)
|
(118)
|
(127)
|
(100)
|
(125)
|
|
Depreciation & Amortization |
(1)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
0
|
(33)
|
0
|
|
Other Operating Expenses |
(0)
|
0
|
(1)
|
(1)
|
10
|
(8)
|
(7)
|
17
|
12
|
9
|
11
|
11
|
11
|
11
|
10
|
11
|
14
|
10
|
13
|
14
|
25
|
31
|
39
|
43
|
41
|
37
|
27
|
23
|
26
|
18
|
|
Operating Income |
44
N/A
|
43
-2%
|
48
+12%
|
56
+17%
|
69
+23%
|
81
+17%
|
89
+10%
|
88
-2%
|
71
-19%
|
58
-19%
|
50
-13%
|
53
+5%
|
53
+1%
|
57
+6%
|
64
+13%
|
73
+14%
|
82
+13%
|
91
+11%
|
101
+11%
|
112
+11%
|
123
+10%
|
124
+1%
|
117
-6%
|
100
-15%
|
79
-21%
|
67
-15%
|
45
-34%
|
33
-26%
|
34
+3%
|
27
-22%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||
Interest Income Expense |
6
|
6
|
4
|
3
|
(0)
|
(3)
|
9
|
20
|
22
|
22
|
19
|
16
|
13
|
15
|
6
|
(8)
|
(15)
|
(8)
|
(5)
|
5
|
21
|
15
|
26
|
33
|
32
|
32
|
29
|
17
|
15
|
12
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(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 |
8
|
9
|
11
|
12
|
0
|
(2)
|
(5)
|
(7)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
|
Pre-Tax Income |
58
N/A
|
58
+0%
|
63
+8%
|
71
+13%
|
69
-2%
|
77
+11%
|
93
+21%
|
101
+8%
|
93
-7%
|
80
-14%
|
68
-15%
|
69
+0%
|
66
-4%
|
70
+7%
|
70
-1%
|
66
-5%
|
64
-3%
|
85
+32%
|
98
+15%
|
118
+21%
|
144
+23%
|
139
-4%
|
142
+2%
|
132
-7%
|
110
-17%
|
98
-10%
|
73
-26%
|
50
-32%
|
49
-1%
|
39
-20%
|
|
Net Income | |||||||||||||||||||||||||||||||
Tax Provision |
(8)
|
(8)
|
(8)
|
(10)
|
(9)
|
(10)
|
(12)
|
(12)
|
(12)
|
(9)
|
(7)
|
(7)
|
(7)
|
(9)
|
(10)
|
(12)
|
(4)
|
(8)
|
(5)
|
(4)
|
(14)
|
(10)
|
(11)
|
(9)
|
8
|
12
|
19
|
25
|
10
|
11
|
|
Income from Continuing Operations |
50
|
50
|
54
|
60
|
60
|
67
|
81
|
88
|
82
|
71
|
61
|
61
|
59
|
62
|
59
|
54
|
61
|
77
|
93
|
113
|
131
|
129
|
131
|
123
|
118
|
110
|
92
|
75
|
60
|
51
|
|
Income to Minority Interest |
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
50
N/A
|
50
N/A
|
54
+9%
|
60
+11%
|
60
0%
|
67
+11%
|
80
+20%
|
87
+9%
|
80
-8%
|
69
-13%
|
59
-15%
|
59
+1%
|
58
-3%
|
60
+4%
|
58
-4%
|
53
-9%
|
59
+12%
|
76
+28%
|
92
+21%
|
113
+23%
|
131
+16%
|
129
-1%
|
131
+2%
|
123
-6%
|
118
-4%
|
110
-6%
|
92
-17%
|
75
-19%
|
60
-20%
|
51
-15%
|
|
EPS (Diluted) |
0.75
N/A
|
0.75
N/A
|
0.7
-7%
|
0.68
-3%
|
0.73
+7%
|
0.75
+3%
|
0.91
+21%
|
0.99
+9%
|
0.9
-9%
|
0.78
-13%
|
0.66
-15%
|
0.66
N/A
|
0.64
-3%
|
0.67
+5%
|
0.64
-4%
|
0.58
-9%
|
0.55
-5%
|
0.7
+27%
|
0.57
-19%
|
0.7
+23%
|
0.53
-24%
|
0.79
+49%
|
0.79
N/A
|
0.5
-37%
|
0.48
-4%
|
0.46
-4%
|
0.37
-20%
|
0.3
-19%
|
0.24
-20%
|
0.2
-17%
|