Shin Zu Shing Co Ltd
TWSE:3376
Income Statement
Earnings Waterfall
Shin Zu Shing Co Ltd
Income Statement
Shin Zu Shing 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 |
70
|
79
|
83
|
74
|
60
|
44
|
31
|
30
|
27
|
32
|
37
|
46
|
49
|
50
|
53
|
47
|
46
|
42
|
34
|
28
|
26
|
22
|
20
|
16
|
15
|
14
|
13
|
14
|
13
|
17
|
21
|
25
|
29
|
26
|
23
|
17
|
12
|
9
|
7
|
5
|
4
|
4
|
3
|
4
|
5
|
6
|
8
|
10
|
10
|
10
|
8
|
7
|
6
|
6
|
7
|
8
|
11
|
13
|
17
|
21
|
23
|
28
|
30
|
32
|
29
|
25
|
22
|
19
|
|
| Revenue |
6 406
N/A
|
6 534
+2%
|
7 041
+8%
|
7 074
+0%
|
7 029
-1%
|
7 092
+1%
|
6 731
-5%
|
6 329
-6%
|
6 673
+5%
|
6 998
+5%
|
7 463
+7%
|
7 927
+6%
|
7 803
-2%
|
7 673
-2%
|
7 755
+1%
|
7 873
+2%
|
8 127
+3%
|
8 174
+1%
|
7 955
-3%
|
7 965
+0%
|
7 768
-2%
|
7 776
+0%
|
7 836
+1%
|
7 769
-1%
|
7 906
+2%
|
8 097
+2%
|
8 169
+1%
|
8 141
0%
|
8 454
+4%
|
8 155
-4%
|
7 983
-2%
|
8 137
+2%
|
8 105
0%
|
8 210
+1%
|
8 620
+5%
|
8 905
+3%
|
8 656
-3%
|
8 732
+1%
|
8 726
0%
|
9 041
+4%
|
9 645
+7%
|
9 904
+3%
|
10 431
+5%
|
10 633
+2%
|
11 819
+11%
|
12 347
+4%
|
13 338
+8%
|
14 866
+11%
|
15 233
+2%
|
15 732
+3%
|
14 854
-6%
|
13 082
-12%
|
12 141
-7%
|
11 991
-1%
|
12 120
+1%
|
12 726
+5%
|
11 825
-7%
|
10 711
-9%
|
10 038
-6%
|
9 535
-5%
|
10 068
+6%
|
11 077
+10%
|
12 213
+10%
|
13 030
+7%
|
13 327
+2%
|
13 243
-1%
|
12 703
-4%
|
11 685
-8%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(4 289)
|
(4 405)
|
(4 676)
|
(4 730)
|
(4 770)
|
(4 904)
|
(4 822)
|
(4 758)
|
(5 092)
|
(5 508)
|
(6 002)
|
(6 430)
|
(6 501)
|
(6 360)
|
(6 175)
|
(5 936)
|
(5 780)
|
(5 786)
|
(5 817)
|
(5 881)
|
(5 771)
|
(5 698)
|
(5 624)
|
(5 663)
|
(5 755)
|
(5 709)
|
(5 581)
|
(5 385)
|
(5 481)
|
(5 375)
|
(5 416)
|
(5 674)
|
(5 889)
|
(6 095)
|
(6 403)
|
(6 623)
|
(6 436)
|
(6 535)
|
(6 686)
|
(6 956)
|
(7 320)
|
(7 507)
|
(7 799)
|
(8 002)
|
(9 030)
|
(9 551)
|
(10 367)
|
(11 406)
|
(11 578)
|
(11 849)
|
(11 213)
|
(10 126)
|
(9 702)
|
(9 714)
|
(9 848)
|
(10 164)
|
(9 323)
|
(8 439)
|
(7 987)
|
(7 748)
|
(8 263)
|
(9 056)
|
(9 939)
|
(10 541)
|
(10 865)
|
(10 846)
|
(10 537)
|
(9 915)
|
|
| Gross Profit |
2 117
N/A
|
2 129
+1%
|
2 365
+11%
|
2 344
-1%
|
2 259
-4%
|
2 188
-3%
|
1 910
-13%
|
1 570
-18%
|
1 581
+1%
|
1 490
-6%
|
1 461
-2%
|
1 497
+2%
|
1 302
-13%
|
1 312
+1%
|
1 580
+20%
|
1 937
+23%
|
2 346
+21%
|
2 388
+2%
|
2 137
-10%
|
2 083
-3%
|
1 997
-4%
|
2 078
+4%
|
2 213
+6%
|
2 106
-5%
|
2 152
+2%
|
2 388
+11%
|
2 589
+8%
|
2 756
+6%
|
2 973
+8%
|
2 779
-7%
|
2 567
-8%
|
2 463
-4%
|
2 216
-10%
|
2 116
-5%
|
2 217
+5%
|
2 282
+3%
|
2 220
-3%
|
2 198
-1%
|
2 040
-7%
|
2 085
+2%
|
2 325
+12%
|
2 396
+3%
|
2 631
+10%
|
2 631
+0%
|
2 789
+6%
|
2 796
+0%
|
2 972
+6%
|
3 460
+16%
|
3 655
+6%
|
3 883
+6%
|
3 641
-6%
|
2 956
-19%
|
2 439
-17%
|
2 277
-7%
|
2 272
0%
|
2 563
+13%
|
2 502
-2%
|
2 272
-9%
|
2 051
-10%
|
1 787
-13%
|
1 805
+1%
|
2 022
+12%
|
2 274
+12%
|
2 489
+9%
|
2 462
-1%
|
2 398
-3%
|
2 167
-10%
|
1 770
-18%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(588)
|
(587)
|
(577)
|
(581)
|
(581)
|
(584)
|
(584)
|
(575)
|
(623)
|
(680)
|
(735)
|
(763)
|
(762)
|
(754)
|
(857)
|
(922)
|
(957)
|
(1 038)
|
(946)
|
(934)
|
(921)
|
(947)
|
(967)
|
(970)
|
(965)
|
(956)
|
(957)
|
(955)
|
(940)
|
(990)
|
(965)
|
(849)
|
(741)
|
(729)
|
(764)
|
(833)
|
(910)
|
(946)
|
(912)
|
(875)
|
(818)
|
(803)
|
(830)
|
(817)
|
(861)
|
(894)
|
(909)
|
(961)
|
(958)
|
(976)
|
(956)
|
(900)
|
(862)
|
(842)
|
(880)
|
(903)
|
(942)
|
(896)
|
(873)
|
(882)
|
(896)
|
(990)
|
(1 055)
|
(1 123)
|
(1 209)
|
(1 245)
|
(1 274)
|
(1 311)
|
|
| Selling, General & Administrative |
(420)
|
(427)
|
(421)
|
(412)
|
(395)
|
(393)
|
(393)
|
(410)
|
(473)
|
(534)
|
(579)
|
(618)
|
(609)
|
(601)
|
(661)
|
(704)
|
(799)
|
(824)
|
(790)
|
(783)
|
(770)
|
(795)
|
(817)
|
(819)
|
(813)
|
(803)
|
(801)
|
(795)
|
(765)
|
(738)
|
(708)
|
(677)
|
(596)
|
(571)
|
(572)
|
(587)
|
(611)
|
(643)
|
(630)
|
(637)
|
(630)
|
(593)
|
(592)
|
(568)
|
(595)
|
(623)
|
(642)
|
(688)
|
(700)
|
(709)
|
(691)
|
(638)
|
(609)
|
(608)
|
(667)
|
(704)
|
(744)
|
(703)
|
(645)
|
(612)
|
(582)
|
(617)
|
(628)
|
(656)
|
(692)
|
(706)
|
(701)
|
(717)
|
|
| Research & Development |
(168)
|
(161)
|
(156)
|
(169)
|
(185)
|
(191)
|
(191)
|
(165)
|
(150)
|
(146)
|
(156)
|
(145)
|
(153)
|
(153)
|
(144)
|
(166)
|
(158)
|
(161)
|
(156)
|
(151)
|
(152)
|
(152)
|
(150)
|
(152)
|
(152)
|
(154)
|
(156)
|
(160)
|
(175)
|
(172)
|
(177)
|
(172)
|
(145)
|
(158)
|
(191)
|
(246)
|
(300)
|
(284)
|
(262)
|
(218)
|
(188)
|
(211)
|
(238)
|
(249)
|
(266)
|
(272)
|
(267)
|
(272)
|
(258)
|
(208)
|
(206)
|
(203)
|
(253)
|
(232)
|
(211)
|
(199)
|
(198)
|
(193)
|
(228)
|
(270)
|
(314)
|
(373)
|
(427)
|
(469)
|
(517)
|
(541)
|
(575)
|
(594)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(53)
|
(53)
|
0
|
(53)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(80)
|
(80)
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
(19)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(59)
|
(59)
|
(59)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
1 529
N/A
|
1 541
+1%
|
1 788
+16%
|
1 763
-1%
|
1 679
-5%
|
1 604
-4%
|
1 326
-17%
|
996
-25%
|
957
-4%
|
810
-15%
|
726
-10%
|
734
+1%
|
540
-26%
|
559
+3%
|
723
+29%
|
1 015
+40%
|
1 389
+37%
|
1 350
-3%
|
1 191
-12%
|
1 150
-4%
|
1 076
-6%
|
1 130
+5%
|
1 246
+10%
|
1 136
-9%
|
1 187
+5%
|
1 432
+21%
|
1 632
+14%
|
1 801
+10%
|
2 033
+13%
|
1 790
-12%
|
1 602
-10%
|
1 614
+1%
|
1 474
-9%
|
1 386
-6%
|
1 454
+5%
|
1 450
0%
|
1 310
-10%
|
1 252
-4%
|
1 128
-10%
|
1 210
+7%
|
1 507
+25%
|
1 593
+6%
|
1 802
+13%
|
1 815
+1%
|
1 928
+6%
|
1 901
-1%
|
2 062
+8%
|
2 500
+21%
|
2 697
+8%
|
2 907
+8%
|
2 685
-8%
|
2 056
-23%
|
1 577
-23%
|
1 435
-9%
|
1 392
-3%
|
1 660
+19%
|
1 559
-6%
|
1 376
-12%
|
1 178
-14%
|
904
-23%
|
909
+0%
|
1 032
+14%
|
1 219
+18%
|
1 366
+12%
|
1 253
-8%
|
1 153
-8%
|
892
-23%
|
459
-49%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
89
|
257
|
239
|
90
|
66
|
(38)
|
(49)
|
(46)
|
(107)
|
(77)
|
(133)
|
(32)
|
39
|
(25)
|
93
|
(18)
|
(13)
|
96
|
40
|
75
|
89
|
95
|
96
|
158
|
287
|
223
|
190
|
344
|
232
|
148
|
234
|
(34)
|
37
|
(48)
|
(129)
|
(103)
|
(283)
|
(156)
|
12
|
100
|
209
|
237
|
148
|
179
|
89
|
184
|
78
|
(150)
|
(284)
|
(338)
|
(358)
|
(167)
|
5
|
78
|
350
|
624
|
526
|
429
|
359
|
113
|
139
|
230
|
156
|
(4)
|
248
|
218
|
(46)
|
161
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(53)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(80)
|
0
|
0
|
(73)
|
(10)
|
39
|
39
|
49
|
29
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
|
| Gain/Loss on Disposition of Assets |
25
|
22
|
14
|
17
|
9
|
4
|
6
|
(10)
|
(11)
|
(7)
|
(4)
|
(4)
|
(1)
|
(42)
|
(47)
|
(46)
|
(74)
|
(29)
|
(37)
|
(52)
|
(41)
|
(48)
|
(52)
|
(32)
|
(52)
|
(68)
|
(67)
|
(117)
|
(98)
|
(88)
|
(78)
|
(35)
|
(22)
|
(16)
|
(10)
|
(7)
|
(1)
|
(2)
|
(2)
|
(6)
|
(3)
|
(2)
|
(3)
|
1
|
(3)
|
(3)
|
(5)
|
(4)
|
5
|
(1)
|
1
|
10
|
10
|
10
|
11
|
3
|
(2)
|
(2)
|
(4)
|
(4)
|
2
|
1
|
72
|
105
|
139
|
159
|
112
|
89
|
|
| Total Other Income |
14
|
10
|
11
|
14
|
17
|
22
|
29
|
37
|
63
|
67
|
65
|
53
|
33
|
34
|
31
|
38
|
32
|
47
|
65
|
64
|
72
|
51
|
31
|
27
|
38
|
43
|
40
|
40
|
22
|
15
|
7
|
6
|
6
|
14
|
22
|
38
|
(4)
|
(11)
|
(8)
|
4
|
10
|
17
|
18
|
4
|
(2)
|
(6)
|
(9)
|
(8)
|
27
|
33
|
39
|
36
|
43
|
35
|
57
|
167
|
185
|
203
|
184
|
105
|
114
|
143
|
166
|
191
|
235
|
224
|
235
|
214
|
|
| Pre-Tax Income |
1 657
N/A
|
1 830
+10%
|
2 051
+12%
|
1 884
-8%
|
1 771
-6%
|
1 592
-10%
|
1 311
-18%
|
976
-26%
|
903
-7%
|
793
-12%
|
654
-18%
|
751
+15%
|
611
-19%
|
527
-14%
|
801
+52%
|
989
+24%
|
1 282
+30%
|
1 464
+14%
|
1 260
-14%
|
1 236
-2%
|
1 196
-3%
|
1 228
+3%
|
1 321
+8%
|
1 288
-2%
|
1 460
+13%
|
1 631
+12%
|
1 795
+10%
|
2 050
+14%
|
2 109
+3%
|
1 864
-12%
|
1 765
-5%
|
1 479
-16%
|
1 486
+0%
|
1 375
-7%
|
1 376
+0%
|
1 426
+4%
|
1 051
-26%
|
1 082
+3%
|
1 130
+4%
|
1 307
+16%
|
1 722
+32%
|
1 845
+7%
|
1 965
+6%
|
2 000
+2%
|
2 011
+1%
|
2 076
+3%
|
2 126
+2%
|
2 338
+10%
|
2 445
+5%
|
2 601
+6%
|
2 367
-9%
|
1 933
-18%
|
1 633
-16%
|
1 558
-5%
|
1 811
+16%
|
2 454
+36%
|
2 268
-8%
|
2 006
-12%
|
1 717
-14%
|
1 119
-35%
|
1 163
+4%
|
1 406
+21%
|
1 613
+15%
|
1 657
+3%
|
1 875
+13%
|
1 754
-6%
|
1 194
-32%
|
924
-23%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(471)
|
(522)
|
(559)
|
(412)
|
(328)
|
(272)
|
(139)
|
(129)
|
(160)
|
(170)
|
(201)
|
(252)
|
(251)
|
(208)
|
(216)
|
(247)
|
(303)
|
(333)
|
(356)
|
(359)
|
(328)
|
(328)
|
(314)
|
(298)
|
(327)
|
(361)
|
(444)
|
(490)
|
(497)
|
(442)
|
(465)
|
(422)
|
(390)
|
(394)
|
(332)
|
(338)
|
(318)
|
(344)
|
(350)
|
(411)
|
(531)
|
(553)
|
(625)
|
(686)
|
(713)
|
(701)
|
(721)
|
(776)
|
(772)
|
(890)
|
(677)
|
(551)
|
(463)
|
(355)
|
(525)
|
(649)
|
(609)
|
(550)
|
(486)
|
(335)
|
(356)
|
(410)
|
(404)
|
(414)
|
(516)
|
(494)
|
(434)
|
(383)
|
|
| Income from Continuing Operations |
1 186
|
1 308
|
1 492
|
1 473
|
1 443
|
1 320
|
1 172
|
848
|
743
|
623
|
452
|
499
|
361
|
318
|
585
|
742
|
979
|
1 131
|
904
|
877
|
868
|
900
|
1 007
|
990
|
1 133
|
1 270
|
1 351
|
1 560
|
1 613
|
1 423
|
1 301
|
1 056
|
1 096
|
981
|
1 044
|
1 088
|
733
|
738
|
780
|
897
|
1 191
|
1 293
|
1 340
|
1 313
|
1 298
|
1 376
|
1 405
|
1 563
|
1 673
|
1 711
|
1 689
|
1 382
|
1 170
|
1 203
|
1 286
|
1 805
|
1 659
|
1 456
|
1 231
|
784
|
807
|
997
|
1 209
|
1 243
|
1 359
|
1 260
|
760
|
541
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
6
|
6
|
6
|
5
|
4
|
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
|
|
| Net Income (Common) |
1 186
N/A
|
1 308
+10%
|
1 492
+14%
|
1 473
-1%
|
1 443
-2%
|
1 320
-8%
|
1 172
-11%
|
848
-28%
|
743
-12%
|
623
-16%
|
452
-27%
|
499
+10%
|
361
-28%
|
318
-12%
|
585
+84%
|
743
+27%
|
981
+32%
|
1 135
+16%
|
910
-20%
|
884
-3%
|
874
-1%
|
904
+3%
|
1 011
+12%
|
993
-2%
|
1 136
+14%
|
1 271
+12%
|
1 351
+6%
|
1 561
+16%
|
1 613
+3%
|
1 423
-12%
|
1 301
-9%
|
1 056
-19%
|
1 096
+4%
|
981
-10%
|
1 044
+6%
|
1 088
+4%
|
733
-33%
|
738
+1%
|
780
+6%
|
897
+15%
|
1 191
+33%
|
1 293
+9%
|
1 340
+4%
|
1 313
-2%
|
1 298
-1%
|
1 376
+6%
|
1 405
+2%
|
1 563
+11%
|
1 673
+7%
|
1 711
+2%
|
1 689
-1%
|
1 382
-18%
|
1 170
-15%
|
1 203
+3%
|
1 286
+7%
|
1 805
+40%
|
1 659
-8%
|
1 456
-12%
|
1 231
-15%
|
784
-36%
|
807
+3%
|
997
+23%
|
1 209
+21%
|
1 243
+3%
|
1 359
+9%
|
1 260
-7%
|
760
-40%
|
541
-29%
|
|
| EPS (Diluted) |
7.74
N/A
|
8.32
+7%
|
9.63
+16%
|
9.06
-6%
|
9.1
+0%
|
8.38
-8%
|
7.32
-13%
|
5.33
-27%
|
4.66
-13%
|
3.51
-25%
|
2.54
-28%
|
2.72
+7%
|
2.01
-26%
|
1.77
-12%
|
2.49
+41%
|
4.14
+66%
|
5.45
+32%
|
6.28
+15%
|
5.06
-19%
|
4.92
-3%
|
4.86
-1%
|
5.01
+3%
|
5.63
+12%
|
5.53
-2%
|
6.28
+14%
|
7.05
+12%
|
7.49
+6%
|
8.67
+16%
|
8.81
+2%
|
7.92
-10%
|
7.25
-8%
|
5.9
-19%
|
5.99
+2%
|
5.47
-9%
|
5.82
+6%
|
6.06
+4%
|
4.01
-34%
|
4.11
+2%
|
4.34
+6%
|
4.99
+15%
|
6.5
+30%
|
7.19
+11%
|
7.34
+2%
|
7.18
-2%
|
7.08
-1%
|
7.44
+5%
|
7.58
+2%
|
8.39
+11%
|
8.98
+7%
|
8.85
-1%
|
8.77
-1%
|
7.16
-18%
|
5.98
-16%
|
6.22
+4%
|
6.65
+7%
|
9.4
+41%
|
8.53
-9%
|
7.68
-10%
|
6.55
-15%
|
4.16
-36%
|
4.24
+2%
|
5.24
+24%
|
6.39
+22%
|
6.56
+3%
|
7.08
+8%
|
6.43
-9%
|
3.87
-40%
|
2.73
-29%
|
|