BaoJi Titanium Industry Co Ltd
SSE:600456
Income Statement
Earnings Waterfall
BaoJi Titanium Industry Co Ltd
Revenue
|
6.8B
CNY
|
Cost of Revenue
|
-5.5B
CNY
|
Gross Profit
|
1.3B
CNY
|
Operating Expenses
|
-584.8m
CNY
|
Operating Income
|
745.6m
CNY
|
Other Expenses
|
-234.2m
CNY
|
Net Income
|
511.4m
CNY
|
Income Statement
BaoJi Titanium Industry Co Ltd
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 412
N/A
|
2 481
+3%
|
2 455
-1%
|
2 251
-8%
|
2 220
-1%
|
2 142
-3%
|
1 951
-9%
|
2 032
+4%
|
2 181
+7%
|
2 511
+15%
|
2 715
+8%
|
2 745
+1%
|
2 975
+8%
|
2 876
-3%
|
3 013
+5%
|
3 315
+10%
|
3 445
+4%
|
3 410
-1%
|
3 865
+13%
|
3 796
-2%
|
4 038
+6%
|
4 188
+4%
|
4 058
-3%
|
4 260
+5%
|
4 184
-2%
|
4 338
+4%
|
4 534
+5%
|
5 141
+13%
|
5 752
+12%
|
5 246
-9%
|
5 613
+7%
|
5 783
+3%
|
5 729
-1%
|
6 635
+16%
|
6 926
+4%
|
6 966
+1%
|
7 147
+3%
|
6 927
-3%
|
6 879
-1%
|
6 948
+1%
|
6 825
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 038)
|
(2 073)
|
(2 023)
|
(1 849)
|
(1 827)
|
(1 805)
|
(1 621)
|
(1 711)
|
(1 862)
|
(2 071)
|
(2 225)
|
(2 224)
|
(2 375)
|
(2 378)
|
(2 467)
|
(2 715)
|
(2 836)
|
(2 775)
|
(3 174)
|
(3 022)
|
(3 245)
|
(3 366)
|
(3 204)
|
(3 381)
|
(3 185)
|
(3 311)
|
(3 451)
|
(3 984)
|
(4 529)
|
(4 059)
|
(4 306)
|
(4 381)
|
(4 371)
|
(5 252)
|
(5 569)
|
(5 548)
|
(5 640)
|
(5 523)
|
(5 491)
|
(5 538)
|
(5 494)
|
|
Gross Profit |
374
N/A
|
409
+9%
|
432
+6%
|
403
-7%
|
393
-2%
|
337
-14%
|
330
-2%
|
321
-3%
|
318
-1%
|
439
+38%
|
490
+11%
|
521
+6%
|
600
+15%
|
498
-17%
|
545
+9%
|
600
+10%
|
610
+2%
|
635
+4%
|
691
+9%
|
774
+12%
|
793
+2%
|
822
+4%
|
855
+4%
|
879
+3%
|
999
+14%
|
1 027
+3%
|
1 083
+5%
|
1 156
+7%
|
1 223
+6%
|
1 187
-3%
|
1 307
+10%
|
1 402
+7%
|
1 358
-3%
|
1 382
+2%
|
1 357
-2%
|
1 418
+4%
|
1 507
+6%
|
1 404
-7%
|
1 388
-1%
|
1 410
+2%
|
1 330
-6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(256)
|
(281)
|
(323)
|
(316)
|
(346)
|
(334)
|
(431)
|
(441)
|
(424)
|
(318)
|
(349)
|
(343)
|
(348)
|
(320)
|
(327)
|
(327)
|
(321)
|
(340)
|
(349)
|
(375)
|
(385)
|
(393)
|
(410)
|
(414)
|
(483)
|
(429)
|
(436)
|
(394)
|
(376)
|
(415)
|
(406)
|
(523)
|
(518)
|
(555)
|
(610)
|
(602)
|
(653)
|
(595)
|
(595)
|
(600)
|
(585)
|
|
Selling, General & Administrative |
(254)
|
(223)
|
(275)
|
(274)
|
(305)
|
(244)
|
(302)
|
(319)
|
(302)
|
(241)
|
(277)
|
(267)
|
(273)
|
(244)
|
(309)
|
(305)
|
(282)
|
(267)
|
(236)
|
(238)
|
(246)
|
(317)
|
(300)
|
(313)
|
(326)
|
(299)
|
(308)
|
(272)
|
(275)
|
(281)
|
(265)
|
(330)
|
(336)
|
(319)
|
(332)
|
(304)
|
(318)
|
(361)
|
(342)
|
(354)
|
(352)
|
|
Research & Development |
0
|
(30)
|
0
|
0
|
0
|
(65)
|
0
|
0
|
0
|
(63)
|
0
|
0
|
0
|
(87)
|
0
|
0
|
(19)
|
(97)
|
(93)
|
(114)
|
(117)
|
(90)
|
(102)
|
(111)
|
(131)
|
(158)
|
(155)
|
(162)
|
(164)
|
(159)
|
(162)
|
(186)
|
(186)
|
(239)
|
(262)
|
(290)
|
(311)
|
(280)
|
(291)
|
(256)
|
(242)
|
|
Depreciation & Amortization |
0
|
(28)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(27)
|
0
|
0
|
0
|
(36)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
(1)
|
(48)
|
(42)
|
(42)
|
(0)
|
(129)
|
(122)
|
(122)
|
(0)
|
(72)
|
(76)
|
(75)
|
22
|
(19)
|
(22)
|
(21)
|
39
|
(22)
|
(23)
|
(22)
|
32
|
(8)
|
9
|
(27)
|
48
|
28
|
40
|
63
|
52
|
21
|
(7)
|
4
|
39
|
(16)
|
(8)
|
(23)
|
82
|
38
|
9
|
9
|
|
Operating Income |
117
N/A
|
127
+8%
|
110
-14%
|
86
-21%
|
46
-47%
|
3
-94%
|
(102)
N/A
|
(120)
-18%
|
(106)
+11%
|
121
N/A
|
140
+16%
|
178
+27%
|
252
+42%
|
178
-29%
|
218
+22%
|
273
+25%
|
289
+6%
|
295
+2%
|
342
+16%
|
400
+17%
|
408
+2%
|
429
+5%
|
444
+4%
|
465
+5%
|
516
+11%
|
598
+16%
|
648
+8%
|
763
+18%
|
847
+11%
|
772
-9%
|
901
+17%
|
879
-2%
|
841
-4%
|
827
-2%
|
748
-10%
|
816
+9%
|
854
+5%
|
809
-5%
|
794
-2%
|
810
+2%
|
746
-8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(111)
|
(122)
|
(126)
|
(133)
|
(133)
|
(127)
|
(125)
|
(120)
|
(120)
|
(112)
|
(111)
|
(108)
|
(120)
|
(132)
|
(137)
|
(136)
|
(110)
|
(96)
|
(100)
|
(100)
|
(106)
|
(112)
|
(101)
|
(102)
|
(107)
|
(129)
|
(124)
|
(130)
|
(119)
|
(86)
|
(89)
|
(72)
|
(70)
|
(62)
|
(67)
|
(56)
|
(49)
|
(35)
|
(22)
|
(25)
|
(34)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(68)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(25)
|
(0)
|
(0)
|
0
|
(24)
|
0
|
1
|
0
|
|
Gain/Loss on Disposition of Assets |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(1)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
Total Other Income |
9
|
16
|
18
|
16
|
18
|
16
|
15
|
19
|
18
|
34
|
32
|
25
|
25
|
11
|
9
|
10
|
8
|
(1)
|
(9)
|
(9)
|
(8)
|
9
|
9
|
16
|
16
|
(2)
|
1
|
(7)
|
(1)
|
4
|
0
|
3
|
2
|
6
|
6
|
5
|
(0)
|
(0)
|
(0)
|
2
|
2
|
|
Pre-Tax Income |
15
N/A
|
20
+33%
|
1
-98%
|
(31)
N/A
|
(69)
-121%
|
(178)
-158%
|
(212)
-19%
|
(221)
-4%
|
(208)
+6%
|
43
N/A
|
61
+43%
|
94
+54%
|
156
+65%
|
55
-65%
|
90
+63%
|
147
+64%
|
187
+27%
|
192
+2%
|
233
+22%
|
291
+25%
|
294
+1%
|
325
+11%
|
353
+8%
|
379
+7%
|
425
+12%
|
472
+11%
|
524
+11%
|
626
+19%
|
727
+16%
|
688
-5%
|
812
+18%
|
810
0%
|
773
-5%
|
747
-3%
|
687
-8%
|
764
+11%
|
805
+5%
|
750
-7%
|
771
+3%
|
787
+2%
|
714
-9%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(3)
|
1
|
(0)
|
(2)
|
0
|
(4)
|
(2)
|
(4)
|
(7)
|
(10)
|
(15)
|
(20)
|
(25)
|
(26)
|
(29)
|
(27)
|
(30)
|
(35)
|
(38)
|
(45)
|
(54)
|
(59)
|
(68)
|
(71)
|
(68)
|
(82)
|
(85)
|
(64)
|
(81)
|
(79)
|
(70)
|
(74)
|
(65)
|
(63)
|
(75)
|
(76)
|
(90)
|
(105)
|
(97)
|
|
Income from Continuing Operations |
13
|
18
|
(2)
|
(30)
|
(69)
|
(180)
|
(212)
|
(225)
|
(210)
|
39
|
54
|
85
|
141
|
35
|
66
|
122
|
158
|
165
|
204
|
256
|
256
|
281
|
299
|
319
|
357
|
401
|
456
|
543
|
642
|
625
|
731
|
731
|
703
|
672
|
622
|
701
|
730
|
675
|
681
|
682
|
617
|
|
Income to Minority Interest |
5
|
(6)
|
(7)
|
(10)
|
(10)
|
(7)
|
(5)
|
(2)
|
(3)
|
(2)
|
(4)
|
(10)
|
(15)
|
(13)
|
(16)
|
(14)
|
(13)
|
(23)
|
(25)
|
(38)
|
(41)
|
(41)
|
(47)
|
(48)
|
(46)
|
(39)
|
(39)
|
(45)
|
(49)
|
(65)
|
(73)
|
(90)
|
(105)
|
(115)
|
(122)
|
(122)
|
(133)
|
(131)
|
(114)
|
(116)
|
(105)
|
|
Net Income (Common) |
18
N/A
|
12
-32%
|
(10)
N/A
|
(40)
-319%
|
(80)
-100%
|
(187)
-135%
|
(217)
-16%
|
(227)
-5%
|
(213)
+6%
|
37
N/A
|
50
+36%
|
75
+49%
|
126
+68%
|
22
-83%
|
50
+130%
|
108
+118%
|
145
+35%
|
141
-3%
|
179
+27%
|
218
+22%
|
214
-1%
|
240
+12%
|
252
+5%
|
272
+8%
|
311
+15%
|
363
+16%
|
418
+15%
|
499
+19%
|
592
+19%
|
560
-5%
|
657
+17%
|
640
-3%
|
598
-7%
|
557
-7%
|
500
-10%
|
580
+16%
|
597
+3%
|
544
-9%
|
567
+4%
|
566
0%
|
511
-10%
|
|
EPS (Diluted) |
0.04
N/A
|
0.03
-25%
|
-0.03
N/A
|
-0.1
-233%
|
-0.19
-90%
|
-0.43
-126%
|
-0.51
-19%
|
-0.53
-4%
|
-0.5
+6%
|
0.09
N/A
|
0.13
+44%
|
0.18
+38%
|
0.3
+67%
|
0.05
-83%
|
0.11
+120%
|
0.25
+127%
|
0.34
+36%
|
0.33
-3%
|
0.42
+27%
|
0.51
+21%
|
0.5
-2%
|
0.56
+12%
|
0.59
+5%
|
0.63
+7%
|
0.72
+14%
|
0.84
+17%
|
0.93
+11%
|
1.04
+12%
|
1.23
+18%
|
1.18
-4%
|
1.37
+16%
|
1.33
-3%
|
1.25
-6%
|
1.17
-6%
|
1.05
-10%
|
1.21
+15%
|
1.25
+3%
|
1.14
-9%
|
1.19
+4%
|
1.19
N/A
|
1.07
-10%
|