
Fujian Torch Electron Technology Co Ltd
SSE:603678

Income Statement
Earnings Waterfall
Fujian Torch Electron Technology Co Ltd
Revenue
|
2.9B
CNY
|
Cost of Revenue
|
-2.1B
CNY
|
Gross Profit
|
888.2m
CNY
|
Operating Expenses
|
-581.9m
CNY
|
Operating Income
|
306.2m
CNY
|
Other Expenses
|
-53.9m
CNY
|
Net Income
|
252.3m
CNY
|
Income Statement
Fujian Torch Electron Technology 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 |
908
N/A
|
891
-2%
|
907
+2%
|
964
+6%
|
1 018
+6%
|
1 084
+6%
|
1 148
+6%
|
1 249
+9%
|
1 393
+12%
|
1 503
+8%
|
1 547
+3%
|
1 652
+7%
|
1 713
+4%
|
1 888
+10%
|
1 947
+3%
|
1 991
+2%
|
2 008
+1%
|
2 024
+1%
|
2 113
+4%
|
2 144
+1%
|
2 309
+8%
|
2 569
+11%
|
2 710
+5%
|
3 008
+11%
|
3 317
+10%
|
3 656
+10%
|
4 205
+15%
|
4 569
+9%
|
4 779
+5%
|
4 734
-1%
|
4 424
-7%
|
4 283
-3%
|
3 974
-7%
|
3 559
-10%
|
3 357
-6%
|
3 176
-5%
|
3 436
+8%
|
3 504
+2%
|
3 514
+0%
|
3 353
-5%
|
2 941
-12%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(632)
|
(628)
|
(637)
|
(693)
|
(738)
|
(780)
|
(830)
|
(916)
|
(1 025)
|
(1 110)
|
(1 157)
|
(1 223)
|
(1 293)
|
(1 404)
|
(1 421)
|
(1 402)
|
(1 347)
|
(1 328)
|
(1 377)
|
(1 385)
|
(1 532)
|
(1 751)
|
(1 904)
|
(2 099)
|
(2 325)
|
(2 516)
|
(2 818)
|
(3 049)
|
(3 120)
|
(3 070)
|
(2 830)
|
(2 659)
|
(2 356)
|
(2 064)
|
(1 953)
|
(1 922)
|
(2 357)
|
(2 497)
|
(2 520)
|
(2 455)
|
(2 053)
|
|
Gross Profit |
277
N/A
|
263
-5%
|
271
+3%
|
271
+0%
|
280
+3%
|
304
+9%
|
319
+5%
|
333
+4%
|
369
+11%
|
393
+7%
|
390
-1%
|
428
+10%
|
421
-2%
|
485
+15%
|
526
+9%
|
589
+12%
|
661
+12%
|
697
+5%
|
736
+6%
|
758
+3%
|
777
+2%
|
818
+5%
|
806
-2%
|
909
+13%
|
992
+9%
|
1 140
+15%
|
1 386
+22%
|
1 521
+10%
|
1 659
+9%
|
1 665
+0%
|
1 593
-4%
|
1 623
+2%
|
1 618
0%
|
1 494
-8%
|
1 404
-6%
|
1 255
-11%
|
1 079
-14%
|
1 007
-7%
|
994
-1%
|
897
-10%
|
888
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(91)
|
(97)
|
(100)
|
(102)
|
(106)
|
(120)
|
(119)
|
(131)
|
(139)
|
(161)
|
(161)
|
(165)
|
(179)
|
(220)
|
(226)
|
(243)
|
(263)
|
(283)
|
(291)
|
(283)
|
(294)
|
(335)
|
(313)
|
(331)
|
(320)
|
(347)
|
(361)
|
(387)
|
(413)
|
(443)
|
(447)
|
(465)
|
(486)
|
(488)
|
(482)
|
(552)
|
(616)
|
(604)
|
(659)
|
(618)
|
(582)
|
|
Selling, General & Administrative |
(85)
|
(75)
|
(92)
|
(96)
|
(99)
|
(94)
|
(117)
|
(125)
|
(132)
|
(125)
|
(152)
|
(162)
|
(166)
|
(179)
|
(217)
|
(241)
|
(256)
|
(229)
|
(253)
|
(256)
|
(270)
|
(279)
|
(280)
|
(268)
|
(272)
|
(276)
|
(308)
|
(329)
|
(335)
|
(321)
|
(347)
|
(362)
|
(391)
|
(357)
|
(404)
|
(439)
|
(465)
|
(406)
|
(482)
|
(475)
|
(468)
|
|
Research & Development |
0
|
(14)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(21)
|
0
|
0
|
(6)
|
(36)
|
0
|
0
|
(18)
|
(31)
|
(25)
|
(36)
|
(30)
|
(51)
|
(58)
|
(60)
|
(67)
|
(63)
|
(75)
|
(86)
|
(96)
|
(100)
|
(113)
|
(114)
|
(113)
|
(98)
|
(109)
|
(118)
|
(128)
|
(126)
|
(147)
|
(138)
|
(125)
|
|
Depreciation & Amortization |
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
(16)
|
0
|
0
|
0
|
(26)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
(74)
|
0
|
0
|
0
|
(109)
|
0
|
0
|
0
|
|
Other Operating Expenses |
(6)
|
(1)
|
(8)
|
(6)
|
(7)
|
(2)
|
(2)
|
(6)
|
(7)
|
(3)
|
(9)
|
(3)
|
(7)
|
11
|
(9)
|
(1)
|
10
|
2
|
(13)
|
8
|
6
|
23
|
25
|
(3)
|
18
|
25
|
21
|
29
|
18
|
32
|
14
|
11
|
19
|
42
|
31
|
5
|
(23)
|
38
|
(29)
|
(5)
|
12
|
|
Operating Income |
186
N/A
|
166
-10%
|
170
+2%
|
169
-1%
|
174
+3%
|
184
+6%
|
200
+8%
|
202
+1%
|
230
+14%
|
232
+1%
|
229
-1%
|
263
+15%
|
242
-8%
|
265
+10%
|
300
+13%
|
347
+15%
|
398
+15%
|
413
+4%
|
445
+8%
|
475
+7%
|
483
+2%
|
483
N/A
|
493
+2%
|
579
+17%
|
672
+16%
|
793
+18%
|
1 026
+29%
|
1 134
+11%
|
1 246
+10%
|
1 221
-2%
|
1 146
-6%
|
1 159
+1%
|
1 132
-2%
|
1 007
-11%
|
922
-8%
|
702
-24%
|
463
-34%
|
403
-13%
|
335
-17%
|
280
-16%
|
306
+10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(11)
|
(9)
|
(11)
|
(10)
|
(10)
|
(5)
|
(8)
|
(9)
|
(10)
|
(7)
|
(7)
|
(3)
|
9
|
16
|
13
|
13
|
5
|
1
|
(9)
|
(14)
|
(23)
|
(14)
|
(28)
|
(32)
|
(29)
|
(29)
|
(28)
|
(31)
|
(33)
|
(28)
|
(38)
|
(35)
|
(40)
|
(32)
|
(31)
|
(31)
|
(28)
|
(40)
|
(39)
|
(37)
|
(29)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
0
|
3
|
0
|
4
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
(0)
|
1
|
0
|
(1)
|
(2)
|
0
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
|
Gain/Loss on Disposition of Assets |
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
|
0
|
|
Total Other Income |
11
|
10
|
10
|
10
|
10
|
7
|
6
|
7
|
5
|
7
|
9
|
2
|
2
|
(1)
|
(7)
|
(4)
|
(4)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(3)
|
(3)
|
(17)
|
(17)
|
(15)
|
(15)
|
(2)
|
(2)
|
(2)
|
(2)
|
(6)
|
(6)
|
(6)
|
(6)
|
(2)
|
|
Pre-Tax Income |
186
N/A
|
167
-10%
|
169
+1%
|
169
0%
|
173
+3%
|
186
+7%
|
198
+6%
|
200
+1%
|
225
+12%
|
231
+3%
|
234
+1%
|
265
+13%
|
255
-4%
|
282
+11%
|
306
+9%
|
358
+17%
|
399
+11%
|
417
+4%
|
440
+5%
|
466
+6%
|
460
-1%
|
470
+2%
|
465
-1%
|
547
+18%
|
643
+18%
|
764
+19%
|
995
+30%
|
1 100
+11%
|
1 194
+9%
|
1 175
-2%
|
1 093
-7%
|
1 107
+1%
|
1 089
-2%
|
973
-11%
|
889
-9%
|
670
-25%
|
431
-36%
|
358
-17%
|
290
-19%
|
237
-18%
|
276
+16%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(38)
|
(31)
|
(30)
|
(30)
|
(31)
|
(33)
|
(35)
|
(35)
|
(39)
|
(40)
|
(41)
|
(46)
|
(46)
|
(54)
|
(59)
|
(68)
|
(80)
|
(81)
|
(85)
|
(88)
|
(82)
|
(83)
|
(82)
|
(98)
|
(114)
|
(133)
|
(172)
|
(185)
|
(198)
|
(198)
|
(180)
|
(186)
|
(179)
|
(148)
|
(132)
|
(92)
|
(54)
|
(45)
|
(34)
|
(27)
|
(37)
|
|
Income from Continuing Operations |
149
|
137
|
139
|
139
|
143
|
153
|
162
|
165
|
186
|
191
|
194
|
219
|
209
|
229
|
247
|
290
|
320
|
336
|
355
|
378
|
379
|
387
|
382
|
449
|
529
|
631
|
823
|
915
|
997
|
977
|
912
|
921
|
910
|
826
|
757
|
578
|
377
|
313
|
256
|
211
|
239
|
|
Income to Minority Interest |
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
3
|
4
|
5
|
5
|
8
|
8
|
6
|
5
|
(3)
|
(5)
|
(7)
|
(7)
|
(5)
|
(4)
|
(6)
|
(13)
|
(21)
|
(24)
|
(29)
|
(31)
|
(21)
|
(21)
|
(20)
|
(18)
|
(24)
|
(23)
|
(19)
|
(1)
|
5
|
11
|
18
|
13
|
|
Net Income (Common) |
149
N/A
|
137
-8%
|
140
+2%
|
139
-1%
|
143
+3%
|
154
+7%
|
163
+6%
|
166
+2%
|
188
+13%
|
194
+3%
|
197
+2%
|
224
+13%
|
213
-5%
|
237
+11%
|
255
+8%
|
296
+16%
|
324
+9%
|
333
+3%
|
350
+5%
|
371
+6%
|
372
+0%
|
381
+3%
|
378
-1%
|
443
+17%
|
516
+17%
|
610
+18%
|
799
+31%
|
886
+11%
|
966
+9%
|
956
-1%
|
892
-7%
|
902
+1%
|
892
-1%
|
801
-10%
|
734
-8%
|
559
-24%
|
376
-33%
|
318
-15%
|
266
-16%
|
229
-14%
|
252
+10%
|
|
EPS (Diluted) |
0.48
N/A
|
0.44
-8%
|
0.36
-18%
|
0.33
-8%
|
0.34
+3%
|
0.38
+12%
|
0.39
+3%
|
0.4
+3%
|
0.45
+13%
|
0.45
N/A
|
0.43
-4%
|
0.51
+19%
|
0.48
-6%
|
0.52
+8%
|
0.57
+10%
|
0.66
+16%
|
0.72
+9%
|
0.74
+3%
|
0.78
+5%
|
0.82
+5%
|
0.82
N/A
|
0.85
+4%
|
0.83
-2%
|
0.98
+18%
|
1.14
+16%
|
1.32
+16%
|
1.73
+31%
|
1.94
+12%
|
1.92
-1%
|
2.02
+5%
|
1.93
-4%
|
1.88
-3%
|
1.88
N/A
|
1.69
-10%
|
1.56
-8%
|
1.18
-24%
|
0.8
-32%
|
0.69
-14%
|
0.57
-17%
|
0.5
-12%
|
0.55
+10%
|