Fundamentals - Income Statement

Fundamentals - Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Reclassified) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Net Sales 1,531.06 1,374.80 1,575.09 1,444.91
Revenue 1,531.06 1,374.80 1,575.09 1,444.91
Total Revenue 1,531.06 1,374.80 1,575.09 1,444.91
Cost of Revenue 768.30 593.97 727.20 726.81
Cost of Revenue, Total 768.30 593.97 727.20 726.81
Gross Profit 762.76 780.83 847.90 718.10
Selling/General/Administrative Expense 887.57 700.13 627.91 352.57
Labor & Related Expense -- -- 12.67 8.18
Advertising Expense -- -- -- 160.10
Selling/General/Administrative Expenses, Total 887.57 700.13 640.59 520.85
Research & Development 242.76 204.72 192.33 161.88
Other Unusual Expense (Income) 0.00 -10.57 -- --
Unusual Expense (Income) 0.00 -10.57 -- --
Other, Net -62.05 -- -- --
Other Operating Expenses, Total -62.05 -- -- --
Total Operating Expense 1,836.58 1,488.26 1,560.11 1,409.54
Operating Income -305.52 -113.46 14.98 35.37
Interest Expense - Non-Operating -5.09 -13.54 -22.22 -7.06
Interest Expense, Net Non-Operating -5.09 -13.54 -22.22 -7.06
Interest Income, Non-Operating 28.41 47.45 54.29 35.11
Investment Income, Non-Operating 1,005.63 12.20 -17.26 7.83
Interest/Investment Income, Non-Operating 1,034.03 59.65 37.02 42.95
Interest Income (Expense), Net-Non-Operating, Total 1,028.94 46.10 14.80 35.88
Other Non-Operating Income (Expense) 20.82 21.85 19.42 21.05
Other, Net 20.82 21.85 19.42 21.05
Net Income Before Taxes 744.24 -45.51 49.21 92.31
Income Tax – Total 20.24 20.11 14.78 14.09
Income After Tax 724.00 -65.61 34.42 78.22
Minority Interest 3.83 2.39 3.05 2.39
Net Income Before Extraordinary Items 727.83 -63.22 37.47 80.61
Net Income 727.83 -63.22 37.47 80.61
Preferred Dividends -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items 727.83 -63.22 37.47 80.61
Income Available to Common Stocks Including Extraordinary Items 727.83 -63.22 37.47 80.61
Basic Weighted Average Shares 582.28 581.43 574.79 573.52
Basic EPS Excluding Extraordinary Items 1.25 -0.11 0.07 0.14
Basic EPS Including Extraordinary Items 1.25 -0.11 0.07 0.14
Dilution Adjustment -- -- -- --
Diluted Net Income 727.83 -63.22 37.47 80.61
Diluted Weighted Average Shares 582.28 581.43 590.43 577.04
Diluted EPS Excluding Extraordinary Items 1.25 -0.11 0.06 0.14
Diluted EPS Including Extraordinary Items 1.25 -0.11 0.06 0.14
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock -- 0.00 0.00 0.00
Total Special Items 0.00 -10.57 -- --
Normalized Income Before Taxes 744.24 -56.07 49.21 92.31
Effect of Special Items on Income Taxes 0.00 -3.70 -- --
Income Taxes Excluding Impact of Special Items 20.24 16.41 14.78 14.09
Normalized Income After Taxes 724.00 -72.48 34.42 78.22
Normalized Income Available to Common 727.83 -70.09 37.47 80.61
Basic Normalized EPS 1.25 -0.12 0.07 0.14
Diluted Normalized EPS 1.25 -0.12 0.06 0.14
Amortization of Intangibles, Supplemental -- -- 3.40 4.80
Depreciation, Supplemental -- 32.47 32.22 37.20
Interest Expense, Supplemental 5.09 13.54 22.22 7.06
Rental Expense, Supplemental -- 37.60 37.00 39.40
Stock-Based Compensation, Supplemental -- 3.75 5.02 -4.37
Advertising Expense, Supplemental -- -- -- 160.10
Equity in Affiliates, Supplemental -3.45 5.35 6.30 -1.78
Minority Interest, Supplemental 3.83 2.39 3.05 2.39
Research & Development Expense, Supplemental 242.76 204.72 192.33 161.88
Audit-Related Fees, Supplemental -- 1.19 1.17 1.08
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental -- 0.02 0.02 0.03
All Other Fees Paid to Auditor, Supplemental -- 0.04 0.02 0.05
Gross Margin 49.82 56.80 53.83 49.70
Operating Margin -19.95 -8.25 0.95 2.45
Pretax Margin 48.61 -3.31 3.12 6.39
Effective Tax Rate 2.72 -- 30.04 15.26
Net Profit Margin 47.54 -4.60 2.38 5.58
Normalized EBIT -305.52 -124.02 14.98 35.37
Normalized EBITDA -- -91.55 50.60 77.37
Current Tax - Total -- 19.82 20.94 32.43
Current Tax - Total -- 19.82 20.94 32.43
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Total -- 0.29 -6.15 -18.34
Deferred Tax - Total -- 0.29 -6.15 -18.34
Income Tax - Total -- 20.11 14.78 14.09
Defined Contribution Expense - Domestic -- 84.30 79.40 72.60
Total Pension Expense -- 84.30 79.40 72.60
In millions of CNY (except for per share items)

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