CITIC Heavy Industries Co Ltd
SSE:601608
Income Statement
Earnings Waterfall
CITIC Heavy Industries Co Ltd
Income Statement
CITIC Heavy Industries Co Ltd
| Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | 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 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
218
|
0
|
0
|
0
|
219
|
0
|
0
|
0
|
303
|
0
|
0
|
0
|
272
|
0
|
0
|
0
|
282
|
0
|
0
|
71
|
298
|
230
|
307
|
307
|
319
|
321
|
317
|
318
|
292
|
280
|
274
|
261
|
247
|
218
|
189
|
172
|
163
|
158
|
153
|
143
|
131
|
115
|
101
|
84
|
69
|
58
|
50
|
46
|
46
|
42
|
0
|
0
|
|
| Revenue |
4 878
N/A
|
7 236
+48%
|
6 942
-4%
|
6 819
-2%
|
6 060
-11%
|
5 083
-16%
|
5 106
+0%
|
4 917
-4%
|
5 347
+9%
|
5 286
-1%
|
5 099
-4%
|
4 418
-13%
|
4 318
-2%
|
4 021
-7%
|
3 707
-8%
|
4 049
+9%
|
3 677
-9%
|
3 771
+3%
|
3 815
+1%
|
4 031
+6%
|
4 427
+10%
|
4 621
+4%
|
4 420
-4%
|
4 644
+5%
|
4 886
+5%
|
5 201
+6%
|
5 368
+3%
|
5 342
0%
|
5 286
-1%
|
5 240
-1%
|
5 256
+0%
|
5 494
+5%
|
5 891
+7%
|
6 318
+7%
|
7 124
+13%
|
7 398
+4%
|
7 495
+1%
|
7 550
+1%
|
7 831
+4%
|
8 049
+3%
|
8 831
+10%
|
8 827
0%
|
8 833
+0%
|
9 214
+4%
|
9 044
-2%
|
9 557
+6%
|
9 561
+0%
|
8 793
-8%
|
8 448
-4%
|
8 034
-5%
|
8 050
+0%
|
8 126
+1%
|
8 063
-1%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(3 497)
|
(4 974)
|
(4 741)
|
(4 638)
|
(3 968)
|
(3 296)
|
(3 307)
|
(3 239)
|
(3 645)
|
(3 674)
|
(3 637)
|
(3 029)
|
(3 051)
|
(2 918)
|
(2 747)
|
(3 095)
|
(3 052)
|
(3 882)
|
(3 780)
|
(4 029)
|
(4 079)
|
(3 374)
|
(3 218)
|
(3 348)
|
(3 570)
|
(3 929)
|
(4 068)
|
(4 107)
|
(3 998)
|
(3 864)
|
(3 977)
|
(4 128)
|
(4 539)
|
(4 800)
|
(5 520)
|
(5 751)
|
(5 815)
|
(5 979)
|
(6 347)
|
(6 593)
|
(7 458)
|
(7 399)
|
(7 461)
|
(7 810)
|
(7 440)
|
(7 674)
|
(7 759)
|
(7 000)
|
(6 701)
|
(6 231)
|
(6 258)
|
(6 409)
|
(6 366)
|
|
| Gross Profit |
1 381
N/A
|
2 262
+64%
|
2 201
-3%
|
2 182
-1%
|
2 092
-4%
|
1 787
-15%
|
1 798
+1%
|
1 678
-7%
|
1 702
+1%
|
1 612
-5%
|
1 462
-9%
|
1 389
-5%
|
1 267
-9%
|
1 103
-13%
|
960
-13%
|
954
-1%
|
625
-34%
|
(110)
N/A
|
35
N/A
|
1
-96%
|
348
+26 638%
|
1 247
+259%
|
1 202
-4%
|
1 296
+8%
|
1 315
+2%
|
1 272
-3%
|
1 300
+2%
|
1 235
-5%
|
1 288
+4%
|
1 376
+7%
|
1 278
-7%
|
1 365
+7%
|
1 352
-1%
|
1 518
+12%
|
1 605
+6%
|
1 648
+3%
|
1 680
+2%
|
1 571
-6%
|
1 483
-6%
|
1 456
-2%
|
1 373
-6%
|
1 428
+4%
|
1 373
-4%
|
1 405
+2%
|
1 604
+14%
|
1 883
+17%
|
1 802
-4%
|
1 792
-1%
|
1 747
-3%
|
1 804
+3%
|
1 792
-1%
|
1 716
-4%
|
1 696
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(764)
|
(1 311)
|
(1 301)
|
(1 371)
|
(1 354)
|
(1 382)
|
(1 416)
|
(1 404)
|
(1 364)
|
(1 357)
|
(1 246)
|
(1 204)
|
(1 176)
|
(1 109)
|
(1 037)
|
(1 056)
|
(1 110)
|
(1 423)
|
(1 576)
|
(1 478)
|
(1 419)
|
(1 071)
|
(961)
|
(1 003)
|
(994)
|
(976)
|
(942)
|
(895)
|
(957)
|
(1 070)
|
(954)
|
(996)
|
(987)
|
(1 136)
|
(1 205)
|
(1 298)
|
(1 323)
|
(1 334)
|
(1 219)
|
(1 219)
|
(1 144)
|
(1 363)
|
(1 390)
|
(1 432)
|
(1 607)
|
(1 539)
|
(1 416)
|
(1 416)
|
(1 364)
|
(1 428)
|
(1 401)
|
(1 324)
|
(1 306)
|
|
| Selling, General & Administrative |
(764)
|
(691)
|
(1 271)
|
(1 321)
|
(1 301)
|
(702)
|
(1 348)
|
(1 351)
|
(1 304)
|
(844)
|
(1 175)
|
(1 128)
|
(1 106)
|
(669)
|
(1 001)
|
(1 005)
|
(1 031)
|
(924)
|
(1 086)
|
(1 066)
|
(1 043)
|
(751)
|
(700)
|
(711)
|
(629)
|
(671)
|
(737)
|
(630)
|
(689)
|
(705)
|
(705)
|
(758)
|
(722)
|
(761)
|
(845)
|
(864)
|
(872)
|
(838)
|
(849)
|
(845)
|
(753)
|
(768)
|
(804)
|
(859)
|
(1 014)
|
(1 051)
|
(1 068)
|
(1 023)
|
(985)
|
(965)
|
(1 037)
|
(1 040)
|
(1 071)
|
|
| Research & Development |
0
|
(554)
|
0
|
0
|
0
|
(612)
|
0
|
0
|
0
|
(441)
|
0
|
0
|
0
|
(366)
|
0
|
0
|
0
|
(346)
|
0
|
0
|
0
|
(299)
|
0
|
0
|
(392)
|
(336)
|
(294)
|
(388)
|
(385)
|
(384)
|
(388)
|
(376)
|
(396)
|
(422)
|
(469)
|
(517)
|
(554)
|
(503)
|
(497)
|
(516)
|
(528)
|
(621)
|
(652)
|
(617)
|
(640)
|
(520)
|
(497)
|
(540)
|
(529)
|
(480)
|
(463)
|
(373)
|
(298)
|
|
| Depreciation & Amortization |
0
|
(63)
|
0
|
0
|
0
|
(61)
|
0
|
0
|
0
|
(60)
|
0
|
0
|
0
|
(60)
|
0
|
0
|
0
|
(70)
|
0
|
0
|
0
|
(62)
|
0
|
0
|
0
|
(67)
|
0
|
0
|
0
|
(82)
|
0
|
0
|
0
|
(74)
|
0
|
0
|
0
|
(110)
|
0
|
0
|
0
|
(107)
|
0
|
0
|
0
|
(90)
|
0
|
0
|
0
|
(92)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
(4)
|
(30)
|
(51)
|
(54)
|
(6)
|
(69)
|
(53)
|
(60)
|
(12)
|
(71)
|
(76)
|
(69)
|
(15)
|
(36)
|
(51)
|
(78)
|
(82)
|
(490)
|
(412)
|
(378)
|
41
|
(261)
|
(293)
|
27
|
98
|
89
|
122
|
117
|
101
|
140
|
139
|
131
|
121
|
109
|
83
|
103
|
116
|
127
|
142
|
136
|
133
|
67
|
44
|
47
|
122
|
150
|
148
|
150
|
109
|
98
|
89
|
63
|
|
| Operating Income |
617
N/A
|
951
+54%
|
900
-5%
|
810
-10%
|
738
-9%
|
405
-45%
|
382
-6%
|
274
-28%
|
338
+23%
|
255
-24%
|
216
-15%
|
185
-14%
|
91
-51%
|
(7)
N/A
|
(77)
-1 078%
|
(103)
-34%
|
(485)
-372%
|
(1 533)
-216%
|
(1 542)
-1%
|
(1 477)
+4%
|
(1 071)
+27%
|
177
N/A
|
241
+37%
|
293
+21%
|
322
+10%
|
296
-8%
|
358
+21%
|
340
-5%
|
331
-3%
|
306
-8%
|
325
+6%
|
370
+14%
|
366
-1%
|
382
+5%
|
400
+5%
|
350
-12%
|
357
+2%
|
236
-34%
|
264
+12%
|
237
-10%
|
229
-4%
|
65
-72%
|
(17)
N/A
|
(27)
-61%
|
(3)
+88%
|
344
N/A
|
387
+12%
|
376
-3%
|
383
+2%
|
376
-2%
|
390
+4%
|
392
+0%
|
390
-1%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(77)
|
(73)
|
(57)
|
(16)
|
1
|
17
|
21
|
33
|
13
|
12
|
(4)
|
(21)
|
1
|
49
|
25
|
1
|
(17)
|
(58)
|
(69)
|
(82)
|
(93)
|
(87)
|
(138)
|
(133)
|
(165)
|
(129)
|
(180)
|
(169)
|
(158)
|
(163)
|
(179)
|
(176)
|
(150)
|
(278)
|
(178)
|
(183)
|
(175)
|
(128)
|
(61)
|
(12)
|
(26)
|
98
|
122
|
131
|
147
|
17
|
12
|
18
|
20
|
11
|
12
|
15
|
20
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
2
|
2
|
0
|
1
|
3
|
2
|
3
|
7
|
0
|
6
|
9
|
5
|
5
|
5
|
3
|
68
|
(1)
|
1
|
1
|
96
|
1
|
(1)
|
(0)
|
(40)
|
14
|
18
|
17
|
26
|
6
|
10
|
11
|
21
|
14
|
6
|
4
|
|
| Gain/Loss on Disposition of Assets |
0
|
(1)
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
(0)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
55
|
104
|
128
|
118
|
111
|
145
|
127
|
157
|
159
|
166
|
176
|
146
|
161
|
85
|
82
|
83
|
93
|
107
|
98
|
64
|
37
|
22
|
12
|
21
|
22
|
28
|
27
|
36
|
33
|
23
|
25
|
24
|
25
|
39
|
37
|
45
|
50
|
39
|
45
|
41
|
35
|
46
|
55
|
52
|
51
|
19
|
3
|
(8)
|
(8)
|
(91)
|
(100)
|
(91)
|
(93)
|
|
| Pre-Tax Income |
595
N/A
|
981
+65%
|
971
-1%
|
912
-6%
|
849
-7%
|
567
-33%
|
529
-7%
|
464
-12%
|
509
+10%
|
433
-15%
|
387
-11%
|
310
-20%
|
253
-18%
|
127
-50%
|
31
-76%
|
(19)
N/A
|
(408)
-2 103%
|
(1 513)
-271%
|
(1 511)
+0%
|
(1 493)
+1%
|
(1 127)
+24%
|
112
N/A
|
118
+5%
|
183
+55%
|
182
0%
|
203
+11%
|
205
+1%
|
212
+4%
|
214
+1%
|
170
-20%
|
175
+3%
|
223
+28%
|
244
+9%
|
211
-13%
|
259
+22%
|
213
-18%
|
232
+9%
|
243
+5%
|
249
+2%
|
265
+6%
|
238
-10%
|
169
-29%
|
174
+3%
|
173
0%
|
212
+22%
|
405
+91%
|
409
+1%
|
396
-3%
|
406
+3%
|
317
-22%
|
317
+0%
|
322
+2%
|
320
-1%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(84)
|
(109)
|
(116)
|
(84)
|
(94)
|
(76)
|
(67)
|
(63)
|
(51)
|
(63)
|
(60)
|
(66)
|
(59)
|
(65)
|
(56)
|
(34)
|
(28)
|
(53)
|
(59)
|
(65)
|
(81)
|
(46)
|
(48)
|
(61)
|
(56)
|
(51)
|
(47)
|
(43)
|
(57)
|
(34)
|
(32)
|
(19)
|
(11)
|
(11)
|
(12)
|
(11)
|
1
|
(21)
|
(15)
|
(27)
|
(50)
|
(4)
|
(6)
|
(3)
|
22
|
(11)
|
(11)
|
(9)
|
(4)
|
39
|
41
|
44
|
32
|
|
| Income from Continuing Operations |
512
|
872
|
856
|
828
|
755
|
491
|
461
|
401
|
458
|
370
|
327
|
244
|
194
|
62
|
(26)
|
(52)
|
(435)
|
(1 565)
|
(1 569)
|
(1 558)
|
(1 208)
|
66
|
70
|
122
|
126
|
151
|
158
|
169
|
157
|
137
|
143
|
205
|
232
|
200
|
247
|
201
|
233
|
223
|
234
|
238
|
188
|
165
|
168
|
170
|
234
|
394
|
398
|
387
|
401
|
355
|
358
|
366
|
352
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(3)
|
(6)
|
(12)
|
(19)
|
(22)
|
(27)
|
(29)
|
(35)
|
(35)
|
(48)
|
(46)
|
(45)
|
(39)
|
(31)
|
(23)
|
(20)
|
(19)
|
(14)
|
(11)
|
(5)
|
(9)
|
(1)
|
(3)
|
4
|
8
|
(1)
|
(5)
|
(20)
|
(21)
|
(18)
|
(16)
|
(10)
|
(4)
|
(2)
|
0
|
19
|
18
|
21
|
23
|
|
| Net Income (Common) |
511
N/A
|
871
+71%
|
855
-2%
|
827
-3%
|
755
-9%
|
491
-35%
|
461
-6%
|
400
-13%
|
458
+14%
|
370
-19%
|
327
-12%
|
244
-25%
|
194
-21%
|
62
-68%
|
(29)
N/A
|
(58)
-100%
|
(447)
-670%
|
(1 584)
-254%
|
(1 591)
0%
|
(1 584)
+0%
|
(1 238)
+22%
|
31
N/A
|
35
+11%
|
74
+112%
|
80
+8%
|
106
+33%
|
119
+12%
|
138
+16%
|
134
-3%
|
117
-13%
|
124
+6%
|
191
+53%
|
221
+16%
|
195
-12%
|
237
+22%
|
200
-16%
|
230
+15%
|
227
-1%
|
241
+7%
|
237
-2%
|
183
-23%
|
146
-20%
|
147
+1%
|
152
+3%
|
219
+44%
|
384
+75%
|
393
+3%
|
385
-2%
|
401
+4%
|
375
-7%
|
376
+0%
|
387
+3%
|
375
-3%
|
|
| EPS (Diluted) |
0.13
N/A
|
0.21
+62%
|
0.21
N/A
|
0.21
N/A
|
0.19
-10%
|
0.12
-37%
|
0.11
-8%
|
0.09
-18%
|
0.1
+11%
|
0.09
-10%
|
0.07
-22%
|
0.05
-29%
|
0.04
-20%
|
0.02
-50%
|
-0.01
N/A
|
-0.02
-100%
|
-0.11
-450%
|
-0.37
-236%
|
-0.37
N/A
|
-0.36
+3%
|
-0.28
+22%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.03
+50%
|
0.03
N/A
|
0.03
N/A
|
0.02
-33%
|
0.03
+50%
|
0.04
+33%
|
0.05
+25%
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.05
N/A
|
0.06
+20%
|
0.05
-17%
|
0.04
-20%
|
0.03
-25%
|
0.03
N/A
|
0.04
+33%
|
0.05
+25%
|
0.09
+80%
|
0.09
N/A
|
0.09
N/A
|
0.09
N/A
|
0.08
-11%
|
0.08
N/A
|
0.08
N/A
|
0.08
N/A
|
|