Fundamentals - Income Statement

Fundamentals - Income Statement

  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Restated)
Net Sales 1,030.33 1,208.85 1,531.06 1,376.28
Revenue 1,030.33 1,208.85 1,531.06 1,376.28
Total Revenue 1,030.33 1,208.85 1,531.06 1,376.28
Cost of Revenue 597.40 559.29 768.30 595.84
Cost of Revenue, Total 597.40 559.29 768.30 595.84
Gross Profit 432.93 649.56 762.76 780.44
Selling/General/Administrative Expense 605.50 551.95 876.90 691.97
Labor & Related Expense 4.95 5.41 10.67 7.43
Advertising Expense -- -- -- --
Selling/General/Administrative Expenses, Total 610.44 557.36 887.57 699.40
Research & Development 158.59 171.99 242.76 204.72
Impairment-Assets Held for Use 0.00 22.79 -- 0.00
Impairment-Assets Held for Sale 0.00 2.00 -- 0.00
Other Unusual Expense (Income) -- 0.00 -- -10.57
Unusual Expense (Income) 0.00 24.79 -- -10.57
Other, Net -- -- -62.05 --
Other Operating Expenses, Total -- -- -62.05 --
Total Operating Expense 1,366.43 1,313.42 1,836.58 1,489.41
Operating Income -336.10 -104.58 -305.52 -113.12
Interest Expense - Non-Operating -- -- -5.09 --
Interest Expense, Net Non-Operating -- -- -5.09 --
Interest Income, Non-Operating 47.30 35.42 28.41 33.90
Investment Income, Non-Operating 10.92 479.90 1,005.63 12.20
Interest/Investment Income, Non-Operating 58.22 515.32 1,034.03 46.10
Interest Income (Expense), Net-Non-Operating, Total 58.22 515.32 1,028.94 46.10
Other Non-Operating Income (Expense) 25.39 35.88 20.82 21.85
Other, Net 25.39 35.88 20.82 21.85
Net Income Before Taxes -252.49 446.62 744.24 -45.18
Income Tax – Total 20.58 18.98 20.24 20.12
Income After Tax -273.07 427.65 724.00 -65.30
Minority Interest 67.37 -9.67 3.83 2.16
Net Income Before Extraordinary Items -205.70 417.98 727.83 -63.14
Discontinued Operations 0.00 -37.61 -- -0.08
Total Extraordinary Items 0.00 -37.61 -- -0.08
Net Income -205.70 380.37 727.83 -63.22
Preferred Dividends -- -- -- --
Total Adjustments to Net Income -- -- -- --
Income Available to Common Excluding Extraordinary Items -205.70 417.98 727.83 -63.14
Income Available to Common Stocks Including Extraordinary Items -205.70 380.37 727.83 -63.22
Basic Weighted Average Shares 97.06 582.32 582.28 96.85
Basic EPS Excluding Extraordinary Items -2.12 0.72 1.25 -0.65
Basic EPS Including Extraordinary Items -2.12 0.65 1.25 -0.65
Dilution Adjustment -- -- -- --
Diluted Net Income -205.70 380.37 727.83 -63.22
Diluted Weighted Average Shares 97.06 582.32 582.28 96.85
Diluted EPS Excluding Extraordinary Items -2.12 0.72 1.25 -0.65
Diluted EPS Including Extraordinary Items -2.12 0.65 1.25 -0.65
DPS - Common Stock Primary Issue -- -- -- --
Gross Dividends - Common Stock -- 653.50 -- 0.00
Total Special Items 0.00 24.79 -- -10.57
Normalized Income Before Taxes -252.49 471.41 744.24 -55.74
Effect of Special Items on Income Taxes 0.00 1.05 -- -3.70
Income Taxes Excluding Impact of Special Items 20.58 20.03 20.24 16.42
Normalized Income After Taxes -273.07 451.38 724.00 -72.17
Normalized Income Available to Common -205.70 441.71 727.83 -70.01
Basic Normalized EPS -2.12 0.76 1.25 -0.72
Diluted Normalized EPS -2.12 0.76 1.25 -0.72
Amortization of Intangibles, Supplemental 7.40 6.40 41.80 2.90
Depreciation, Supplemental 21.10 32.53 35.60 29.57
Interest Expense, Supplemental -- -- 5.09 --
Rental Expense, Supplemental 34.50 33.60 40.40 37.60
Stock-Based Compensation, Supplemental 3.05 2.61 6.83 3.75
Advertising Expense, Supplemental -- -- -- --
Equity in Affiliates, Supplemental 0.40 5.60 -3.45 5.35
Minority Interest, Supplemental 67.37 -9.67 3.83 2.16
Research & Development Expense, Supplemental 158.59 171.99 242.76 204.72
Audit-Related Fees, Supplemental 8.09 8.51 1.18 --
Audit-Related Fees -- -- -- --
Tax Fees, Supplemental 0.00 0.00 0.00 --
All Other Fees Paid to Auditor, Supplemental 0.01 0.02 0.00 --
Gross Margin 42.02 53.73 49.82 56.71
Operating Margin -32.62 -8.65 -19.95 -8.22
Pretax Margin -24.51 36.95 48.61 -3.28
Effective Tax Rate -- 4.25 2.72 --
Net Profit Margin -19.96 34.58 47.54 -4.59
Normalized EBIT -336.10 -79.79 -305.52 -123.69
Normalized EBITDA -307.59 -40.86 -228.12 -91.22
Current Tax - Total 25.90 32.16 23.22 19.82
Current Tax - Total 25.90 32.16 23.22 19.82
Deferred Tax - Domestic -- -- -- --
Deferred Tax - Total -5.32 -13.18 -2.98 0.30
Deferred Tax - Total -5.32 -13.18 -2.98 0.30
Other Tax -- -- -- 20.12
Income Tax - Total 20.58 18.98 20.24 40.24
Defined Contribution Expense - Domestic 95.30 54.40 -- --
Total Pension Expense 95.30 54.40 -- --
In millions of CNY (except for per share items)

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