Fundamentals - Income Statement

Fundamentals - Income Statement

  Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Restated) Year Ending Dec 2018 (Restated) Year Ending Dec 2017 (Update)
Net Sales 1,208.85 1,327.78 1,376.28 1,575.09
Revenue 1,208.85 1,327.78 1,376.28 1,575.09
Total Revenue 1,208.85 1,327.78 1,376.28 1,575.09
Cost of Revenue 559.29 683.33 595.84 727.20
Cost of Revenue, Total 559.29 683.33 595.84 727.20
Gross Profit 649.56 644.45 780.44 847.90
Selling/General/Administrative Expense 551.95 778.38 691.97 627.91
Labor & Related Expense 5.41 5.44 7.43 12.67
Advertising Expense -- -- -- --
Selling/General/Administrative Expenses, Total 557.36 783.82 699.40 640.59
Research & Development 171.99 216.74 204.72 192.33
Impairment-Assets Held for Use 22.79 0.00 0.00 --
Impairment-Assets Held for Sale 2.00 0.00 0.00 --
Other Unusual Expense (Income) 0.00 0.00 -10.57 --
Unusual Expense (Income) 24.79 0.00 -10.57 --
Total Operating Expense 1,313.42 1,683.89 1,489.41 1,560.11
Operating Income -104.58 -356.11 -113.12 14.98
Interest Expense - Non-Operating -- -- -- -22.22
Interest Expense, Net Non-Operating -- -- -- -22.22
Interest Income, Non-Operating 35.42 22.72 33.90 54.29
Investment Income, Non-Operating 479.90 1,010.07 12.20 -17.26
Interest/Investment Income, Non-Operating 515.32 1,032.79 46.10 37.02
Interest Income (Expense), Net-Non-Operating, Total 515.32 1,032.79 46.10 14.80
Other Non-Operating Income (Expense) 35.88 15.03 21.85 19.42
Other, Net 35.88 15.03 21.85 19.42
Net Income Before Taxes 446.62 691.71 -45.18 49.21
Income Tax – Total 18.98 21.95 20.12 14.78
Income After Tax 427.65 669.76 -65.30 34.42
Minority Interest -9.67 -5.56 2.16 3.05
Net Income Before Extraordinary Items 417.98 664.20 -63.14 37.47
Discontinued Operations -37.61 63.63 -0.08 --
Total Extraordinary Items -37.61 63.63 -0.08 --
Net Income 380.37 727.83 -63.22 37.47
Preferred Dividends -- -- -- --
Miscellaneous Earnings Adjustment -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items 417.98 664.20 -63.14 37.47
Income Available to Common Stocks Including Extraordinary Items 380.37 727.83 -63.22 37.47
Basic Weighted Average Shares 582.32 582.28 581.08 574.79
Basic EPS Excluding Extraordinary Items 0.72 1.14 -0.11 0.07
Basic EPS Including Extraordinary Items 0.65 1.25 -0.11 0.07
Dilution Adjustment -- -- -- --
Diluted Net Income 380.37 727.83 -63.22 37.47
Diluted Weighted Average Shares 582.32 582.28 581.08 590.43
Diluted EPS Excluding Extraordinary Items 0.72 1.14 -0.11 0.06
Diluted EPS Including Extraordinary Items 0.65 1.25 -0.11 0.06
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock 653.50 700.16 0.00 0.00
Total Special Items 24.79 0.00 -10.57 --
Normalized Income Before Taxes 471.41 691.71 -55.74 49.21
Effect of Special Items on Income Taxes 1.05 0.00 -3.70 --
Income Taxes Excluding Impact of Special Items 20.03 21.95 16.42 14.78
Normalized Income After Taxes 451.38 669.76 -72.17 34.42
Normalized Income Available to Common 441.71 664.20 -70.01 37.47
Basic Normalized EPS 0.76 1.14 -0.12 0.07
Diluted Normalized EPS 0.76 1.14 -0.12 0.06
Amortization of Intangibles, Supplemental 6.40 15.40 2.90 3.40
Depreciation, Supplemental 32.53 61.96 29.57 32.22
Interest Expense, Supplemental -- -- -- 22.22
Rental Expense, Supplemental 33.60 39.10 37.60 37.00
Stock-Based Compensation, Supplemental 2.61 5.17 3.75 5.02
Advertising Expense, Supplemental -- -- -- --
Equity in Affiliates, Supplemental 5.60 -3.45 5.35 6.30
Minority Interest, Supplemental -9.67 -5.56 2.16 3.05
Research & Development Expense, Supplemental 171.99 216.74 204.72 192.33
Audit-Related Fees, Supplemental 8.51 8.19 -- 1.17
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental 0.00 0.00 -- 0.02
All Other Fees Paid to Auditor, Supplemental 0.02 0.02 -- 0.02
Gross Margin 53.73 48.54 56.71 53.83
Operating Margin -8.65 -26.82 -8.22 0.95
Pretax Margin 36.95 52.10 -3.28 3.12
Effective Tax Rate 4.25 3.17 -- 30.04
Net Profit Margin 34.58 50.02 -4.59 2.38
Normalized EBIT -79.79 -356.11 -123.69 14.98
Normalized EBITDA -40.86 -278.75 -91.22 50.60
Current Tax - Total 32.16 23.22 19.82 20.94
Current Tax - Total 32.16 23.22 19.82 20.94
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Total -13.18 -1.27 0.30 -6.15
Deferred Tax - Total -13.18 -1.27 0.30 -6.15
Other Tax -- -- 20.12 14.78
Income Tax - Total 18.98 21.95 40.24 14.78
Defined Contribution Expense - Domestic 54.40 104.30 -- 79.40
Total Pension Expense 54.40 104.30 -- 79.40
In millions of CNY (except for per share items)

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