Yealink Network Technology Co Ltd
SZSE:300628
Income Statement
Earnings Waterfall
Yealink Network Technology Co Ltd
Revenue
|
4.5B
CNY
|
Cost of Revenue
|
-1.6B
CNY
|
Gross Profit
|
2.9B
CNY
|
Operating Expenses
|
-904.7m
CNY
|
Operating Income
|
2B
CNY
|
Other Expenses
|
26.6m
CNY
|
Net Income
|
2B
CNY
|
Income Statement
Yealink Network Technology 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||
Revenue |
924
N/A
|
1 049
+14%
|
1 176
+12%
|
1 303
+11%
|
1 388
+6%
|
1 487
+7%
|
1 544
+4%
|
1 643
+6%
|
1 815
+10%
|
1 936
+7%
|
2 149
+11%
|
2 352
+9%
|
2 489
+6%
|
2 606
+5%
|
2 516
-3%
|
2 594
+3%
|
2 754
+6%
|
2 848
+3%
|
3 204
+13%
|
3 322
+4%
|
3 684
+11%
|
3 982
+8%
|
4 372
+10%
|
4 716
+8%
|
4 811
+2%
|
4 658
-3%
|
4 517
-3%
|
4 474
-1%
|
|
Gross Profit | |||||||||||||||||||||||||||||
Cost of Revenue |
(341)
|
(391)
|
(444)
|
(497)
|
(527)
|
(590)
|
(623)
|
(663)
|
(695)
|
(741)
|
(796)
|
(846)
|
(848)
|
(902)
|
(860)
|
(890)
|
(938)
|
(1 022)
|
(1 183)
|
(1 267)
|
(1 427)
|
(1 573)
|
(1 731)
|
(1 847)
|
(1 782)
|
(1 755)
|
(1 652)
|
(1 585)
|
|
Gross Profit |
583
N/A
|
658
+13%
|
732
+11%
|
806
+10%
|
861
+7%
|
897
+4%
|
921
+3%
|
980
+6%
|
1 121
+14%
|
1 195
+7%
|
1 353
+13%
|
1 506
+11%
|
1 641
+9%
|
1 704
+4%
|
1 655
-3%
|
1 704
+3%
|
1 816
+7%
|
1 826
+1%
|
2 021
+11%
|
2 056
+2%
|
2 258
+10%
|
2 409
+7%
|
2 640
+10%
|
2 869
+9%
|
3 028
+6%
|
2 903
-4%
|
2 865
-1%
|
2 889
+1%
|
|
Operating Income | |||||||||||||||||||||||||||||
Operating Expenses |
(172)
|
(177)
|
(179)
|
(198)
|
(221)
|
(220)
|
(236)
|
(254)
|
(309)
|
(307)
|
(324)
|
(349)
|
(433)
|
(402)
|
(416)
|
(437)
|
(514)
|
(511)
|
(533)
|
(544)
|
(652)
|
(663)
|
(729)
|
(761)
|
(889)
|
(860)
|
(869)
|
(905)
|
|
Selling, General & Administrative |
(100)
|
(171)
|
(179)
|
(201)
|
(129)
|
(224)
|
(241)
|
(224)
|
(177)
|
(194)
|
(181)
|
(202)
|
(250)
|
(225)
|
(216)
|
(220)
|
(243)
|
(234)
|
(251)
|
(252)
|
(306)
|
(310)
|
(344)
|
(356)
|
(404)
|
(375)
|
(380)
|
(408)
|
|
Research & Development |
(69)
|
0
|
0
|
0
|
(99)
|
0
|
0
|
(31)
|
(137)
|
(117)
|
(148)
|
(158)
|
(183)
|
(210)
|
(235)
|
(255)
|
(286)
|
(307)
|
(312)
|
(316)
|
(350)
|
(380)
|
(409)
|
(434)
|
(467)
|
(516)
|
(525)
|
(542)
|
|
Depreciation & Amortization |
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(20)
|
0
|
0
|
0
|
(31)
|
0
|
0
|
0
|
(45)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(1)
|
(5)
|
(0)
|
3
|
9
|
5
|
5
|
0
|
8
|
4
|
5
|
11
|
14
|
33
|
35
|
38
|
35
|
30
|
30
|
24
|
35
|
26
|
25
|
29
|
26
|
31
|
36
|
46
|
|
Operating Income |
410
N/A
|
481
+17%
|
553
+15%
|
608
+10%
|
640
+5%
|
677
+6%
|
685
+1%
|
726
+6%
|
811
+12%
|
888
+9%
|
1 029
+16%
|
1 157
+12%
|
1 208
+4%
|
1 303
+8%
|
1 240
-5%
|
1 267
+2%
|
1 302
+3%
|
1 315
+1%
|
1 488
+13%
|
1 511
+2%
|
1 605
+6%
|
1 746
+9%
|
1 911
+9%
|
2 108
+10%
|
2 139
+1%
|
2 043
-5%
|
1 995
-2%
|
1 984
-1%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||
Interest Income Expense |
38
|
37
|
21
|
24
|
10
|
33
|
81
|
127
|
124
|
122
|
123
|
126
|
151
|
172
|
165
|
124
|
101
|
99
|
95
|
123
|
165
|
147
|
221
|
286
|
238
|
256
|
249
|
188
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
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
|
|
Total Other Income |
14
|
12
|
8
|
8
|
2
|
2
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
1
|
(0)
|
(1)
|
(0)
|
(1)
|
0
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
|
Pre-Tax Income |
462
N/A
|
530
+15%
|
582
+10%
|
640
+10%
|
651
+2%
|
713
+9%
|
766
+7%
|
853
+11%
|
935
+10%
|
1 009
+8%
|
1 152
+14%
|
1 284
+11%
|
1 361
+6%
|
1 475
+8%
|
1 404
-5%
|
1 392
-1%
|
1 402
+1%
|
1 414
+1%
|
1 584
+12%
|
1 634
+3%
|
1 769
+8%
|
1 892
+7%
|
2 132
+13%
|
2 394
+12%
|
2 376
-1%
|
2 297
-3%
|
2 243
-2%
|
2 171
-3%
|
|
Net Income | |||||||||||||||||||||||||||||
Tax Provision |
(30)
|
(31)
|
(31)
|
(30)
|
(61)
|
(67)
|
(70)
|
(76)
|
(84)
|
(93)
|
(104)
|
(113)
|
(126)
|
(134)
|
(130)
|
(131)
|
(124)
|
(127)
|
(144)
|
(144)
|
(153)
|
(164)
|
(185)
|
(215)
|
(198)
|
(184)
|
(173)
|
(160)
|
|
Income from Continuing Operations |
432
|
499
|
551
|
610
|
591
|
646
|
696
|
777
|
852
|
916
|
1 048
|
1 171
|
1 235
|
1 340
|
1 274
|
1 260
|
1 279
|
1 287
|
1 440
|
1 489
|
1 616
|
1 729
|
1 947
|
2 179
|
2 178
|
2 114
|
2 070
|
2 011
|
|
Net Income (Common) |
432
N/A
|
499
+15%
|
551
+10%
|
610
+11%
|
591
-3%
|
646
+9%
|
696
+8%
|
777
+12%
|
852
+10%
|
916
+8%
|
1 048
+14%
|
1 171
+12%
|
1 235
+6%
|
1 340
+8%
|
1 274
-5%
|
1 260
-1%
|
1 279
+1%
|
1 287
+1%
|
1 440
+12%
|
1 489
+3%
|
1 616
+9%
|
1 729
+7%
|
1 947
+13%
|
2 179
+12%
|
2 178
0%
|
2 114
-3%
|
2 070
-2%
|
2 011
-3%
|
|
EPS (Diluted) |
0.64
N/A
|
0.55
-14%
|
0.7
+27%
|
0.68
-3%
|
0.66
-3%
|
0.72
+9%
|
0.77
+7%
|
0.86
+12%
|
0.95
+10%
|
1.02
+7%
|
1.16
+14%
|
1.3
+12%
|
1.38
+6%
|
1.49
+8%
|
1.42
-5%
|
1.4
-1%
|
1.42
+1%
|
1.44
+1%
|
1.61
+12%
|
1.67
+4%
|
1.28
-23%
|
1.92
+50%
|
2.16
+13%
|
1.72
-20%
|
1.73
+1%
|
1.67
-3%
|
1.64
-2%
|
1.59
-3%
|