China Glaze Co Ltd
TWSE:1809
Income Statement
Earnings Waterfall
China Glaze Co Ltd
Income Statement
China Glaze Co Ltd
| Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | 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 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
47
|
48
|
42
|
35
|
21
|
14
|
15
|
13
|
11
|
10
|
11
|
10
|
11
|
12
|
13
|
14
|
14
|
14
|
13
|
13
|
12
|
14
|
14
|
13
|
12
|
11
|
10
|
11
|
12
|
10
|
10
|
10
|
10
|
10
|
11
|
13
|
14
|
14
|
13
|
13
|
13
|
16
|
15
|
15
|
13
|
13
|
11
|
9
|
8
|
7
|
8
|
8
|
8
|
7
|
8
|
9
|
11
|
14
|
20
|
22
|
25
|
24
|
23
|
21
|
20
|
19
|
17
|
16
|
|
| Revenue |
3 898
N/A
|
3 650
-6%
|
3 383
-7%
|
3 530
+4%
|
3 660
+4%
|
3 869
+6%
|
3 791
-2%
|
3 780
0%
|
3 780
+0%
|
3 731
-1%
|
3 940
+6%
|
3 945
+0%
|
3 933
0%
|
3 982
+1%
|
3 926
-1%
|
3 892
-1%
|
3 841
-1%
|
3 689
-4%
|
3 559
-4%
|
3 519
-1%
|
3 503
0%
|
3 569
+2%
|
3 572
+0%
|
3 599
+1%
|
3 579
-1%
|
3 478
-3%
|
3 296
-5%
|
2 968
-10%
|
2 829
-5%
|
2 791
-1%
|
2 756
-1%
|
2 648
-4%
|
2 543
-4%
|
2 450
-4%
|
2 297
-6%
|
2 396
+4%
|
2 419
+1%
|
2 424
+0%
|
2 550
+5%
|
2 518
-1%
|
2 477
-2%
|
2 426
-2%
|
2 354
-3%
|
2 296
-2%
|
2 277
-1%
|
2 262
-1%
|
1 982
-12%
|
1 899
-4%
|
1 861
-2%
|
1 901
+2%
|
2 093
+10%
|
2 127
+2%
|
2 199
+3%
|
2 290
+4%
|
2 412
+5%
|
2 583
+7%
|
2 592
+0%
|
2 504
-3%
|
2 440
-3%
|
2 339
-4%
|
2 357
+1%
|
2 426
+3%
|
2 454
+1%
|
2 394
-2%
|
2 415
+1%
|
2 400
-1%
|
2 405
+0%
|
2 504
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(3 090)
|
(2 926)
|
(2 672)
|
(2 806)
|
(2 860)
|
(3 002)
|
(2 978)
|
(2 965)
|
(2 975)
|
(2 934)
|
(3 041)
|
(3 033)
|
(3 019)
|
(3 077)
|
(3 088)
|
(3 102)
|
(3 100)
|
(3 021)
|
(2 907)
|
(2 822)
|
(2 764)
|
(2 781)
|
(2 756)
|
(2 798)
|
(2 796)
|
(2 689)
|
(2 573)
|
(2 335)
|
(2 227)
|
(2 187)
|
(2 136)
|
(2 029)
|
(1 940)
|
(1 886)
|
(1 795)
|
(1 888)
|
(1 918)
|
(1 938)
|
(2 039)
|
(2 013)
|
(2 001)
|
(1 973)
|
(1 935)
|
(1 914)
|
(1 888)
|
(1 867)
|
(1 638)
|
(1 553)
|
(1 528)
|
(1 539)
|
(1 677)
|
(1 693)
|
(1 756)
|
(1 844)
|
(1 935)
|
(2 070)
|
(2 063)
|
(2 008)
|
(1 995)
|
(1 958)
|
(1 984)
|
(2 017)
|
(2 018)
|
(1 933)
|
(1 932)
|
(1 918)
|
(1 919)
|
(2 012)
|
|
| Gross Profit |
808
N/A
|
725
-10%
|
711
-2%
|
725
+2%
|
800
+10%
|
867
+8%
|
812
-6%
|
814
+0%
|
805
-1%
|
797
-1%
|
899
+13%
|
912
+1%
|
914
+0%
|
905
-1%
|
838
-7%
|
790
-6%
|
741
-6%
|
668
-10%
|
652
-2%
|
697
+7%
|
738
+6%
|
788
+7%
|
816
+4%
|
801
-2%
|
782
-2%
|
789
+1%
|
724
-8%
|
633
-12%
|
601
-5%
|
604
+0%
|
619
+3%
|
619
0%
|
603
-3%
|
564
-6%
|
502
-11%
|
508
+1%
|
501
-1%
|
486
-3%
|
511
+5%
|
504
-1%
|
476
-6%
|
454
-5%
|
419
-8%
|
382
-9%
|
389
+2%
|
395
+1%
|
344
-13%
|
345
+0%
|
333
-4%
|
362
+9%
|
416
+15%
|
434
+4%
|
443
+2%
|
446
+1%
|
477
+7%
|
513
+7%
|
529
+3%
|
496
-6%
|
444
-11%
|
382
-14%
|
373
-2%
|
409
+10%
|
436
+7%
|
461
+6%
|
483
+5%
|
482
0%
|
486
+1%
|
492
+1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(583)
|
(558)
|
(534)
|
(548)
|
(556)
|
(564)
|
(539)
|
(521)
|
(516)
|
(508)
|
(541)
|
(559)
|
(549)
|
(550)
|
(549)
|
(520)
|
(546)
|
(521)
|
(512)
|
(529)
|
(531)
|
(544)
|
(544)
|
(574)
|
(591)
|
(593)
|
(588)
|
(571)
|
(540)
|
(536)
|
(532)
|
(523)
|
(535)
|
(544)
|
(583)
|
(579)
|
(595)
|
(593)
|
(552)
|
(549)
|
(500)
|
(499)
|
(479)
|
(476)
|
(489)
|
(494)
|
(472)
|
(461)
|
(436)
|
(412)
|
(430)
|
(442)
|
(456)
|
(483)
|
(507)
|
(529)
|
(540)
|
(527)
|
(495)
|
(474)
|
(446)
|
(443)
|
(454)
|
(441)
|
(457)
|
(459)
|
(458)
|
(476)
|
|
| Selling, General & Administrative |
(512)
|
(486)
|
(469)
|
(486)
|
(498)
|
(503)
|
(483)
|
(467)
|
(458)
|
(454)
|
(475)
|
(493)
|
(487)
|
(495)
|
(500)
|
(475)
|
(477)
|
(477)
|
(468)
|
(484)
|
(483)
|
(483)
|
(488)
|
(496)
|
(515)
|
(515)
|
(513)
|
(500)
|
(474)
|
(469)
|
(468)
|
(461)
|
(486)
|
(490)
|
(528)
|
(524)
|
(540)
|
(541)
|
(504)
|
(503)
|
(456)
|
(454)
|
(437)
|
(433)
|
(447)
|
(451)
|
(434)
|
(429)
|
(418)
|
(397)
|
(414)
|
(427)
|
(439)
|
(466)
|
(484)
|
(501)
|
(502)
|
(487)
|
(458)
|
(440)
|
(422)
|
(419)
|
(434)
|
(424)
|
(431)
|
(432)
|
(426)
|
(431)
|
|
| Research & Development |
(66)
|
(63)
|
(59)
|
(57)
|
(55)
|
(58)
|
(54)
|
(52)
|
(56)
|
(56)
|
(66)
|
(66)
|
(63)
|
(62)
|
(62)
|
(64)
|
(69)
|
(68)
|
(67)
|
(67)
|
(69)
|
(69)
|
(70)
|
(74)
|
(72)
|
(71)
|
(68)
|
(63)
|
(65)
|
(65)
|
(66)
|
(67)
|
(62)
|
(66)
|
(68)
|
(66)
|
(67)
|
(64)
|
(60)
|
(58)
|
(55)
|
(56)
|
(53)
|
(55)
|
(54)
|
(49)
|
(48)
|
(45)
|
(45)
|
(33)
|
(33)
|
(33)
|
(44)
|
(46)
|
(52)
|
(58)
|
(64)
|
(66)
|
(64)
|
(61)
|
(55)
|
(56)
|
(52)
|
(51)
|
(60)
|
(63)
|
(68)
|
(80)
|
|
| Depreciation & Amortization |
(5)
|
(6)
|
(4)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
13
|
19
|
0
|
24
|
23
|
22
|
22
|
8
|
14
|
(4)
|
(4)
|
(8)
|
(7)
|
(7)
|
(2)
|
(3)
|
2
|
5
|
13
|
13
|
13
|
13
|
12
|
12
|
11
|
12
|
12
|
11
|
12
|
12
|
11
|
7
|
10
|
14
|
26
|
17
|
18
|
18
|
27
|
29
|
29
|
30
|
26
|
26
|
27
|
27
|
32
|
32
|
32
|
34
|
34
|
35
|
36
|
35
|
|
| Operating Income |
225
N/A
|
167
-26%
|
177
+6%
|
176
-1%
|
244
+39%
|
303
+24%
|
273
-10%
|
294
+8%
|
290
-1%
|
289
0%
|
358
+24%
|
353
-2%
|
364
+3%
|
355
-3%
|
289
-19%
|
269
-7%
|
195
-28%
|
148
-24%
|
140
-5%
|
168
+20%
|
208
+24%
|
244
+18%
|
271
+11%
|
227
-16%
|
191
-16%
|
195
+2%
|
135
-31%
|
63
-54%
|
62
-1%
|
68
+11%
|
88
+28%
|
96
+10%
|
68
-29%
|
20
-70%
|
(82)
N/A
|
(71)
+13%
|
(94)
-33%
|
(108)
-15%
|
(42)
+61%
|
(45)
-7%
|
(23)
+48%
|
(46)
-96%
|
(60)
-31%
|
(94)
-58%
|
(100)
-6%
|
(99)
+1%
|
(128)
-29%
|
(115)
+10%
|
(103)
+11%
|
(51)
+51%
|
(14)
+73%
|
(8)
+41%
|
(14)
-70%
|
(37)
-166%
|
(30)
+18%
|
(16)
+46%
|
(11)
+33%
|
(30)
-181%
|
(51)
-68%
|
(92)
-81%
|
(73)
+21%
|
(34)
+53%
|
(18)
+47%
|
20
N/A
|
25
+29%
|
23
-11%
|
28
+26%
|
16
-43%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(18)
|
4
|
(11)
|
(5)
|
(11)
|
(13)
|
36
|
21
|
34
|
42
|
0
|
22
|
4
|
(7)
|
(11)
|
(11)
|
(8)
|
7
|
12
|
1
|
5
|
(1)
|
(14)
|
1
|
17
|
12
|
20
|
31
|
10
|
11
|
29
|
4
|
16
|
(8)
|
(22)
|
(16)
|
(25)
|
(9)
|
5
|
1
|
6
|
16
|
8
|
12
|
5
|
1
|
(9)
|
(18)
|
(15)
|
(15)
|
(16)
|
(7)
|
(5)
|
10
|
25
|
42
|
24
|
12
|
13
|
6
|
5
|
13
|
3
|
(3)
|
17
|
5
|
(17)
|
(26)
|
|
| Non-Reccuring Items |
(2)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
0
|
(13)
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
9
|
0
|
0
|
0
|
(19)
|
0
|
(21)
|
(19)
|
(4)
|
(5)
|
(2)
|
(5)
|
(2)
|
(10)
|
(12)
|
(11)
|
(10)
|
(2)
|
(10)
|
(10)
|
(10)
|
(9)
|
(1)
|
(1)
|
0
|
(7)
|
(7)
|
(7)
|
(0)
|
0
|
0
|
0
|
1
|
0
|
158
|
158
|
157
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
7
|
(0)
|
(0)
|
(0)
|
1
|
1
|
27
|
28
|
27
|
26
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
|
| Total Other Income |
18
|
23
|
125
|
271
|
264
|
252
|
189
|
51
|
36
|
34
|
37
|
38
|
44
|
36
|
21
|
22
|
28
|
3
|
14
|
6
|
11
|
13
|
9
|
13
|
14
|
23
|
17
|
17
|
7
|
11
|
11
|
8
|
10
|
9
|
12
|
13
|
9
|
164
|
5
|
5
|
7
|
8
|
9
|
9
|
10
|
10
|
6
|
17
|
18
|
28
|
35
|
23
|
54
|
53
|
43
|
42
|
(2)
|
(4)
|
(3)
|
(2)
|
6
|
6
|
8
|
7
|
9
|
14
|
29
|
36
|
|
| Pre-Tax Income |
232
N/A
|
194
-16%
|
291
+50%
|
441
+52%
|
479
+8%
|
542
+13%
|
477
-12%
|
347
-27%
|
355
+2%
|
360
+1%
|
394
+9%
|
408
+4%
|
410
+0%
|
374
-9%
|
287
-23%
|
269
-6%
|
205
-24%
|
156
-24%
|
155
0%
|
164
+6%
|
203
+24%
|
246
+21%
|
253
+3%
|
241
-5%
|
222
-8%
|
223
+0%
|
165
-26%
|
104
-37%
|
75
-28%
|
90
+20%
|
128
+42%
|
108
-15%
|
94
-13%
|
22
-76%
|
66
+195%
|
85
+29%
|
47
-45%
|
47
+0%
|
(32)
N/A
|
(40)
-24%
|
(10)
+74%
|
(22)
-114%
|
(42)
-91%
|
(72)
-73%
|
(90)
-26%
|
(89)
+2%
|
(132)
-49%
|
(118)
+11%
|
(94)
+20%
|
(38)
+59%
|
5
N/A
|
7
+45%
|
36
+392%
|
28
-22%
|
66
+135%
|
96
+47%
|
38
-61%
|
3
-91%
|
(41)
N/A
|
(88)
-114%
|
(61)
+31%
|
(15)
+76%
|
(7)
+53%
|
24
N/A
|
52
+117%
|
43
-18%
|
41
-4%
|
26
-36%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(62)
|
(62)
|
(77)
|
(77)
|
(99)
|
(112)
|
(87)
|
(82)
|
(78)
|
(77)
|
(94)
|
(98)
|
(98)
|
(92)
|
(72)
|
(80)
|
(76)
|
(63)
|
(59)
|
(49)
|
(49)
|
(55)
|
(56)
|
(60)
|
(47)
|
(45)
|
(45)
|
(25)
|
(30)
|
(33)
|
(32)
|
(25)
|
(19)
|
(18)
|
(44)
|
(54)
|
(30)
|
(30)
|
14
|
16
|
(9)
|
(2)
|
(5)
|
3
|
12
|
17
|
26
|
26
|
(2)
|
(8)
|
(21)
|
(27)
|
(7)
|
(2)
|
(5)
|
(12)
|
(6)
|
(4)
|
0
|
9
|
5
|
(2)
|
(4)
|
(7)
|
(13)
|
(13)
|
(7)
|
(9)
|
|
| Income from Continuing Operations |
170
|
131
|
214
|
364
|
380
|
431
|
390
|
265
|
277
|
283
|
299
|
310
|
312
|
282
|
215
|
190
|
129
|
93
|
97
|
115
|
154
|
191
|
196
|
181
|
175
|
178
|
120
|
79
|
45
|
57
|
96
|
84
|
75
|
5
|
22
|
31
|
17
|
17
|
(18)
|
(24)
|
(19)
|
(24)
|
(47)
|
(69)
|
(79)
|
(72)
|
(106)
|
(91)
|
(96)
|
(46)
|
(16)
|
(19)
|
29
|
26
|
61
|
85
|
32
|
(1)
|
(41)
|
(79)
|
(56)
|
(16)
|
(11)
|
16
|
39
|
28
|
33
|
17
|
|
| Income to Minority Interest |
(57)
|
(45)
|
(77)
|
(140)
|
(145)
|
(161)
|
(131)
|
(63)
|
(77)
|
(77)
|
(80)
|
(80)
|
(70)
|
(57)
|
(33)
|
(25)
|
(7)
|
5
|
11
|
2
|
(12)
|
(20)
|
(28)
|
(24)
|
(10)
|
(7)
|
10
|
22
|
28
|
29
|
37
|
42
|
38
|
32
|
(20)
|
(29)
|
(32)
|
(27)
|
11
|
17
|
19
|
25
|
30
|
32
|
38
|
37
|
39
|
37
|
35
|
23
|
23
|
24
|
13
|
19
|
11
|
18
|
31
|
33
|
42
|
44
|
39
|
31
|
30
|
20
|
16
|
16
|
10
|
12
|
|
| Net Income (Common) |
113
N/A
|
87
-23%
|
137
+58%
|
224
+64%
|
235
+5%
|
270
+15%
|
259
-4%
|
201
-22%
|
200
-1%
|
206
+3%
|
219
+7%
|
231
+5%
|
242
+5%
|
225
-7%
|
182
-19%
|
165
-10%
|
122
-26%
|
99
-20%
|
108
+9%
|
117
+9%
|
143
+22%
|
172
+20%
|
168
-2%
|
158
-6%
|
165
+4%
|
171
+4%
|
131
-24%
|
101
-23%
|
73
-27%
|
86
+17%
|
133
+55%
|
126
-5%
|
113
-10%
|
37
-68%
|
2
-94%
|
2
-9%
|
(15)
N/A
|
(10)
+35%
|
(7)
+31%
|
(7)
+3%
|
0
N/A
|
1
+1 773%
|
(17)
N/A
|
(36)
-116%
|
(41)
-12%
|
(34)
+16%
|
(67)
-94%
|
(54)
+19%
|
(61)
-12%
|
(23)
+62%
|
7
N/A
|
5
-28%
|
42
+699%
|
45
+8%
|
72
+58%
|
103
+42%
|
63
-39%
|
32
-48%
|
1
-98%
|
(35)
N/A
|
(17)
+53%
|
15
N/A
|
19
+30%
|
37
+90%
|
55
+50%
|
45
-18%
|
44
-3%
|
29
-33%
|
|
| EPS (Diluted) |
0.72
N/A
|
0.56
-22%
|
0.88
+57%
|
1.44
+64%
|
1.5
+4%
|
1.73
+15%
|
1.66
-4%
|
1.34
-19%
|
1.3
-3%
|
1.23
-5%
|
1.31
+7%
|
1.39
+6%
|
1.45
+4%
|
1.34
-8%
|
1.08
-19%
|
0.98
-9%
|
0.73
-26%
|
0.58
-21%
|
0.64
+10%
|
0.7
+9%
|
0.85
+21%
|
1.04
+22%
|
1.02
-2%
|
0.96
-6%
|
0.98
+2%
|
1.03
+5%
|
0.78
-24%
|
0.6
-23%
|
0.44
-27%
|
0.51
+16%
|
0.79
+55%
|
0.7
-11%
|
0.62
-11%
|
0.21
-66%
|
0.01
-95%
|
0.01
N/A
|
-0.09
N/A
|
-0.07
+22%
|
-0.05
+29%
|
-0.04
+20%
|
0
N/A
|
0.01
N/A
|
-0.1
N/A
|
-0.22
-120%
|
-0.24
-9%
|
-0.21
+13%
|
-0.4
-90%
|
-0.32
+20%
|
-0.36
-12%
|
-0.14
+61%
|
0.04
N/A
|
0.03
-25%
|
0.25
+733%
|
0.27
+8%
|
0.43
+59%
|
0.61
+42%
|
0.38
-38%
|
0.19
-50%
|
0
N/A
|
-0.21
N/A
|
-0.1
+52%
|
0.09
N/A
|
0.11
+22%
|
0.21
+91%
|
0.33
+57%
|
0.27
-18%
|
0.26
-4%
|
0.17
-35%
|
|