Fundamentals - Income Statement

Fundamentals - Income Statement

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update)
Net Sales 1,575.09 1,444.91 1,609.20 1,637.86
Revenue 1,575.09 1,444.91 1,609.20 1,637.86
Total Revenue 1,575.09 1,444.91 1,609.20 1,637.86
Cost of Revenue 727.20 726.81 829.39 781.63
Cost of Revenue, Total 727.20 726.81 829.39 781.63
Gross Profit 847.90 718.10 779.81 856.23
Selling/General/Administrative Expense 627.91 352.57 387.34 373.07
Labor & Related Expense 12.67 8.18 24.88 31.13
Advertising Expense -- 160.10 117.90 64.40
Selling/General/Administrative Expenses, Total 640.59 520.85 530.12 468.60
Research & Development 192.33 161.88 170.71 150.00
Total Operating Expense 1,560.11 1,409.54 1,530.22 1,400.22
Operating Income 14.98 35.37 78.97 237.64
Interest Expense - Non-Operating -22.22 -7.06 -- --
Interest Expense, Net Non-Operating -22.22 -7.06 -- --
Interest Income, Non-Operating 54.29 35.11 27.91 46.54
Investment Income, Non-Operating -17.26 7.83 -38.27 5.06
Interest/Investment Income, Non-Operating 37.02 42.95 -10.37 51.60
Interest Income (Expense), Net-Non-Operating, Total 14.80 35.88 -10.37 51.60
Other Non-Operating Income (Expense) 19.42 21.05 29.29 21.26
Other, Net 19.42 21.05 29.29 21.26
Net Income Before Taxes 49.21 92.31 97.90 310.50
Income Tax – Total 14.78 14.09 25.52 48.38
Income After Tax 34.42 78.22 72.39 262.12
Minority Interest 3.05 2.39 1.20 0.97
Net Income Before Extraordinary Items 37.47 80.61 73.58 263.09
Net Income 37.47 80.61 73.58 263.09
Preferred Dividends -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items 37.47 80.61 73.58 263.09
Income Available to Common Stocks Including Extraordinary Items 37.47 80.61 73.58 263.09
Basic Weighted Average Shares 574.79 573.52 571.25 597.62
Basic EPS Excluding Extraordinary Items 0.07 0.14 0.13 0.44
Basic EPS Including Extraordinary Items 0.07 0.14 0.13 0.44
Dilution Adjustment -- -- -- --
Diluted Net Income 37.47 80.61 73.58 263.09
Diluted Weighted Average Shares 590.43 577.04 580.79 614.62
Diluted EPS Excluding Extraordinary Items 0.06 0.14 0.13 0.43
Diluted EPS Including Extraordinary Items 0.06 0.14 0.13 0.43
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00 0.00
Normalized Income Before Taxes 49.21 92.31 97.90 310.50
Income Taxes Excluding Impact of Special Items 14.78 14.09 25.52 48.38
Normalized Income After Taxes 34.42 78.22 72.39 262.12
Normalized Income Available to Common 37.47 80.61 73.58 263.09
Basic Normalized EPS 0.07 0.14 0.13 0.44
Diluted Normalized EPS 0.06 0.14 0.13 0.43
Amortization of Intangibles, Supplemental 3.40 4.80 7.40 4.70
Depreciation, Supplemental 32.22 37.20 38.10 31.62
Interest Expense, Supplemental 22.22 7.06 -- --
Rental Expense, Supplemental 37.00 39.40 41.10 39.80
Stock-Based Compensation, Supplemental 5.02 -4.37 6.34 16.30
Advertising Expense, Supplemental -- 160.10 117.90 64.40
Equity in Affiliates, Supplemental 6.30 -1.78 -41.86 -18.54
Minority Interest, Supplemental 3.05 2.39 1.20 0.97
Research & Development Expense, Supplemental 192.33 161.88 170.71 150.00
Audit-Related Fees, Supplemental 1.17 1.08 7.30 5.34
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental 0.02 0.03 0.11 0.00
All Other Fees Paid to Auditor, Supplemental 0.02 0.05 0.30 0.30
Gross Margin 53.83 49.70 48.46 52.28
Operating Margin 0.95 2.45 4.91 14.51
Pretax Margin 3.12 6.39 6.08 18.96
Effective Tax Rate 30.04 15.26 26.06 15.58
Net Profit Margin 2.38 5.58 4.57 16.06
Normalized EBIT 14.98 35.37 78.97 237.64
Normalized EBITDA 50.60 77.37 124.47 273.96
Current Tax - Total 20.94 32.43 36.92 51.60
Current Tax - Total 20.94 32.43 36.92 51.60
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Total -6.15 -18.34 -11.40 -3.23
Deferred Tax - Total -6.15 -18.34 -11.40 -3.23
Income Tax - Total 14.78 14.09 25.52 48.38
Defined Contribution Expense - Domestic 79.40 72.60 75.60 73.70
Total Pension Expense 79.40 72.60 75.60 73.70
In millions of CNY (except for per share items)

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