Spring Real Estate Investment Trust
HKEX:1426

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Spring Real Estate Investment Trust Logo
Spring Real Estate Investment Trust
HKEX:1426
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Price: 1.9 HKD
Market Cap: 2.8B HKD
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Income Statement

Earnings Waterfall
Spring Real Estate Investment Trust

Revenue
713.3m CNY
Cost of Revenue
-43.4m CNY
Gross Profit
669.9m CNY
Operating Expenses
-234.7m CNY
Operating Income
435.3m CNY
Other Expenses
-377.6m CNY
Net Income
57.6m CNY

Income Statement
Spring Real Estate Investment Trust

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Income Statement
Currency: CNY
Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
408
N/A
464
+14%
576
+24%
511
-11%
525
+3%
509
-3%
540
+6%
495
-8%
549
+11%
568
+3%
559
-2%
828
+48%
547
-34%
550
+1%
533
-3%
517
-3%
528
+2%
536
+1%
566
+6%
650
+15%
705
+9%
713
+1%
Gross Profit
Cost of Revenue
(55)
(113)
(136)
(119)
(125)
(121)
(88)
(101)
(78)
(53)
(18)
(28)
(25)
(54)
(76)
(70)
(75)
(50)
(23)
(32)
(40)
(43)
Gross Profit
164
N/A
351
+114%
440
+25%
391
-11%
399
+2%
389
-3%
452
+16%
394
-13%
471
+19%
515
+9%
541
+5%
800
+48%
522
-35%
497
-5%
457
-8%
447
-2%
453
+1%
486
+7%
544
+12%
618
+14%
666
+8%
670
+1%
Operating Income
Operating Expenses
(79)
(46)
(73)
(65)
(61)
(58)
(113)
(98)
(147)
(179)
(240)
(346)
(182)
(142)
(133)
(126)
(122)
(151)
(181)
(204)
(238)
(235)
Selling, General & Administrative
(30)
(46)
(73)
(65)
(61)
(58)
(113)
(98)
(146)
(179)
(239)
(330)
(182)
(157)
(132)
(127)
(122)
(152)
(189)
(212)
(238)
(235)
Other Operating Expenses
(48)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(16)
(0)
15
(1)
0
1
0
8
8
1
1
Operating Income
274
N/A
305
+11%
367
+20%
326
-11%
338
+4%
330
-2%
339
+3%
296
-13%
325
+10%
336
+4%
302
-10%
454
+50%
339
-25%
355
+5%
325
-9%
321
-1%
331
+3%
335
+1%
363
+8%
414
+14%
428
+3%
435
+2%
Pre-Tax Income
Interest Income Expense
181
(8)
169
109
(60)
441
315
(226)
73
(34)
(266)
(265)
(112)
(602)
(563)
(28)
192
61
(174)
(396)
(463)
(313)
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
57
57
0
1
3
11
24
27
17
Total Other Income
(24)
(0)
(17)
(30)
(15)
0
0
0
(1)
(3)
(5)
(5)
(2)
(3)
(6)
(1)
(7)
1
22
21
0
0
Pre-Tax Income
431
N/A
296
-31%
519
+75%
405
-22%
263
-35%
772
+193%
654
-15%
69
-89%
396
+476%
299
-25%
30
-90%
184
+507%
225
+22%
(193)
N/A
(187)
+3%
291
N/A
516
+77%
399
-23%
222
-44%
63
-72%
(9)
N/A
139
N/A
Net Income
Tax Provision
0
0
0
0
0
0
0
0
(1)
(2)
(0)
(1)
(2)
(2)
(3)
(3)
(6)
(7)
(104)
(120)
(45)
(51)
Income from Continuing Operations
431
296
519
405
263
772
654
69
395
298
30
183
223
(195)
(190)
288
510
391
118
(57)
(54)
88
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(90)
(101)
(24)
(30)
Net Income (Common)
431
N/A
296
-31%
519
+75%
405
-22%
263
-35%
772
+193%
654
-15%
69
-89%
395
+474%
298
-25%
30
-90%
183
+510%
223
+22%
(195)
N/A
(190)
+3%
288
N/A
510
+77%
391
-23%
28
-93%
(158)
N/A
(78)
+51%
58
N/A
EPS (Diluted)
0.24
N/A
0.26
+8%
0.47
+81%
0.37
-21%
0.24
-35%
0.69
+188%
0.58
-16%
0.05
-91%
0.33
+560%
0.24
-27%
0.02
-92%
0.14
+600%
0.15
+7%
-0.15
N/A
-0.13
+13%
0.2
N/A
0.35
+75%
0.26
-26%
0.02
-92%
-0.11
N/A
-0.05
+55%
0.04
N/A

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