Shanghai Morn Electric Equipment Co Ltd
SZSE:002451
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|
S
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Shanghai Morn Electric Equipment Co Ltd
SZSE:002451
|
CN |
Income Statement
Earnings Waterfall
Shanghai Morn Electric Equipment Co Ltd
Income Statement
Shanghai Morn Electric Equipment Co Ltd
| Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | 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 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
5
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
32
|
0
|
0
|
0
|
31
|
0
|
0
|
8
|
28
|
24
|
31
|
28
|
29
|
25
|
22
|
21
|
19
|
16
|
15
|
13
|
13
|
14
|
18
|
20
|
17
|
0
|
0
|
8
|
24
|
0
|
12
|
24
|
17
|
22
|
21
|
21
|
21
|
0
|
0
|
|
| Revenue |
351
N/A
|
362
+3%
|
358
-1%
|
353
-1%
|
343
-3%
|
380
+11%
|
446
+17%
|
439
-2%
|
446
+2%
|
419
-6%
|
392
-6%
|
407
+4%
|
405
-1%
|
416
+3%
|
443
+6%
|
450
+2%
|
484
+8%
|
529
+9%
|
647
+22%
|
671
+4%
|
690
+3%
|
706
+2%
|
577
-18%
|
566
-2%
|
555
-2%
|
539
-3%
|
501
-7%
|
478
-5%
|
457
-4%
|
424
-7%
|
468
+10%
|
508
+9%
|
538
+6%
|
583
+8%
|
585
+0%
|
550
-6%
|
484
-12%
|
403
-17%
|
367
-9%
|
350
-5%
|
329
-6%
|
388
+18%
|
454
+17%
|
559
+23%
|
772
+38%
|
1 012
+31%
|
1 142
+13%
|
1 232
+8%
|
1 228
0%
|
1 121
-9%
|
1 078
-4%
|
1 071
-1%
|
772
-28%
|
1 089
+41%
|
761
-30%
|
1 109
+46%
|
1 237
+11%
|
1 344
+9%
|
1 474
+10%
|
1 574
+7%
|
1 615
+3%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(250)
|
(260)
|
(263)
|
(262)
|
(261)
|
(307)
|
(368)
|
(363)
|
(375)
|
(343)
|
(322)
|
(328)
|
(324)
|
(328)
|
(335)
|
(338)
|
(367)
|
(401)
|
(504)
|
(527)
|
(529)
|
(535)
|
(418)
|
(409)
|
(412)
|
(410)
|
(379)
|
(371)
|
(331)
|
(278)
|
(287)
|
(310)
|
(365)
|
(436)
|
(454)
|
(447)
|
(386)
|
(316)
|
(299)
|
(291)
|
(277)
|
(330)
|
(379)
|
(471)
|
(661)
|
(886)
|
(1 015)
|
(1 090)
|
(1 103)
|
(1 006)
|
(943)
|
(942)
|
(657)
|
(963)
|
(686)
|
(996)
|
(1 128)
|
(1 228)
|
(1 352)
|
(1 454)
|
(1 475)
|
|
| Gross Profit |
102
N/A
|
102
N/A
|
94
-7%
|
91
-4%
|
83
-9%
|
74
-11%
|
78
+6%
|
76
-3%
|
72
-6%
|
76
+6%
|
71
-7%
|
79
+12%
|
81
+2%
|
88
+9%
|
108
+23%
|
112
+4%
|
117
+5%
|
128
+9%
|
142
+11%
|
143
+1%
|
161
+13%
|
172
+6%
|
159
-8%
|
157
-1%
|
143
-9%
|
129
-10%
|
122
-6%
|
107
-12%
|
127
+18%
|
146
+15%
|
181
+24%
|
198
+10%
|
173
-13%
|
147
-15%
|
131
-11%
|
103
-21%
|
99
-4%
|
87
-12%
|
68
-22%
|
60
-13%
|
52
-13%
|
57
+11%
|
75
+31%
|
88
+18%
|
111
+26%
|
126
+13%
|
128
+1%
|
141
+11%
|
125
-12%
|
115
-8%
|
136
+18%
|
130
-5%
|
115
-12%
|
126
+10%
|
75
-40%
|
114
+52%
|
109
-4%
|
117
+7%
|
122
+5%
|
120
-2%
|
140
+17%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(44)
|
(48)
|
(53)
|
(58)
|
(59)
|
(57)
|
(53)
|
(58)
|
(59)
|
(59)
|
(56)
|
(62)
|
(58)
|
(59)
|
(72)
|
(68)
|
(73)
|
(81)
|
(83)
|
(81)
|
(92)
|
(97)
|
(107)
|
(108)
|
(104)
|
(94)
|
(86)
|
(74)
|
(67)
|
(66)
|
(71)
|
(71)
|
(71)
|
(76)
|
(84)
|
(75)
|
(86)
|
(73)
|
(67)
|
(70)
|
(54)
|
(59)
|
(63)
|
(64)
|
(82)
|
(90)
|
(100)
|
(105)
|
(90)
|
(77)
|
(92)
|
(86)
|
(79)
|
(86)
|
(50)
|
(80)
|
(78)
|
(82)
|
(81)
|
(76)
|
(86)
|
|
| Selling, General & Administrative |
(40)
|
(44)
|
(53)
|
(53)
|
(55)
|
(52)
|
(52)
|
(53)
|
(53)
|
(56)
|
(41)
|
(59)
|
(55)
|
(53)
|
(54)
|
(59)
|
(65)
|
(75)
|
(63)
|
(77)
|
(83)
|
(86)
|
(84)
|
(96)
|
(96)
|
(90)
|
(63)
|
(69)
|
(68)
|
(63)
|
(62)
|
(77)
|
(84)
|
(90)
|
(73)
|
(77)
|
(73)
|
(65)
|
(57)
|
(63)
|
(54)
|
(53)
|
(46)
|
(58)
|
(72)
|
(81)
|
(61)
|
(68)
|
(58)
|
(47)
|
(58)
|
(60)
|
(46)
|
(56)
|
(37)
|
(62)
|
(61)
|
(53)
|
(54)
|
(46)
|
(47)
|
|
| Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(15)
|
0
|
0
|
0
|
(12)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
(3)
|
(15)
|
(14)
|
(17)
|
(16)
|
(8)
|
(8)
|
(7)
|
(7)
|
(12)
|
(12)
|
(15)
|
(17)
|
(34)
|
(41)
|
(37)
|
(35)
|
(32)
|
(31)
|
(37)
|
(34)
|
(24)
|
(34)
|
(34)
|
(41)
|
(44)
|
(45)
|
(54)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(5)
|
(4)
|
(0)
|
(5)
|
(4)
|
(5)
|
(1)
|
(6)
|
(6)
|
(4)
|
(1)
|
(3)
|
(3)
|
(6)
|
(1)
|
(8)
|
(8)
|
(6)
|
(1)
|
(3)
|
(9)
|
(11)
|
(1)
|
(12)
|
(9)
|
(4)
|
(0)
|
(5)
|
(1)
|
(4)
|
8
|
5
|
12
|
15
|
14
|
16
|
4
|
8
|
9
|
1
|
7
|
1
|
5
|
6
|
5
|
8
|
3
|
4
|
5
|
5
|
5
|
6
|
4
|
11
|
10
|
15
|
17
|
20
|
17
|
15
|
15
|
|
| Operating Income |
57
N/A
|
54
-7%
|
41
-23%
|
33
-20%
|
23
-30%
|
17
-27%
|
25
+48%
|
18
-30%
|
12
-30%
|
16
+31%
|
15
-8%
|
18
+20%
|
23
+31%
|
29
+24%
|
36
+26%
|
44
+24%
|
44
-1%
|
47
+6%
|
59
+26%
|
63
+7%
|
69
+10%
|
75
+8%
|
52
-31%
|
49
-6%
|
39
-21%
|
35
-9%
|
36
+3%
|
33
-8%
|
60
+81%
|
80
+34%
|
110
+37%
|
127
+15%
|
103
-19%
|
71
-31%
|
47
-34%
|
28
-41%
|
13
-54%
|
14
+12%
|
1
-92%
|
(10)
N/A
|
(2)
+82%
|
(2)
-6%
|
12
N/A
|
25
+104%
|
30
+21%
|
36
+22%
|
28
-24%
|
36
+32%
|
35
-4%
|
38
+9%
|
44
+14%
|
44
+1%
|
35
-20%
|
39
+11%
|
25
-36%
|
34
+35%
|
31
-9%
|
35
+12%
|
41
+19%
|
44
+5%
|
54
+24%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(5)
|
(4)
|
(4)
|
(3)
|
(1)
|
(13)
|
(12)
|
(15)
|
(16)
|
(8)
|
(7)
|
(10)
|
(13)
|
(15)
|
(19)
|
(24)
|
(24)
|
(26)
|
(25)
|
(26)
|
(30)
|
(32)
|
(33)
|
(33)
|
(33)
|
(35)
|
(28)
|
(26)
|
(25)
|
(20)
|
(25)
|
(28)
|
(28)
|
(30)
|
(29)
|
(22)
|
(21)
|
(19)
|
(17)
|
(18)
|
(15)
|
(12)
|
(13)
|
(2)
|
(3)
|
(5)
|
(16)
|
(16)
|
(17)
|
(20)
|
(20)
|
(24)
|
(16)
|
(20)
|
(11)
|
(17)
|
(17)
|
(17)
|
(21)
|
(23)
|
(25)
|
|
| Non-Reccuring Items |
0
|
0
|
(4)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
63
|
63
|
63
|
66
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
(0)
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
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
|
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
|
|
| Total Other Income |
1
|
3
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
1
|
0
|
1
|
0
|
0
|
5
|
5
|
5
|
7
|
3
|
4
|
5
|
3
|
4
|
8
|
7
|
8
|
9
|
7
|
5
|
3
|
0
|
(3)
|
(2)
|
(1)
|
1
|
1
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
1
|
3
|
3
|
2
|
2
|
(0)
|
(1)
|
|
| Pre-Tax Income |
53
N/A
|
52
-1%
|
35
-32%
|
33
-8%
|
24
-25%
|
7
-73%
|
6
-4%
|
5
-19%
|
(1)
N/A
|
9
N/A
|
8
-10%
|
9
+10%
|
11
+24%
|
14
+29%
|
22
+59%
|
26
+18%
|
26
-2%
|
28
+11%
|
37
+31%
|
40
+8%
|
44
+11%
|
46
+4%
|
24
-48%
|
23
-5%
|
13
-45%
|
8
-35%
|
17
+110%
|
16
-9%
|
40
+154%
|
64
+60%
|
86
+35%
|
96
+11%
|
73
-24%
|
41
-45%
|
19
-54%
|
70
+276%
|
55
-21%
|
59
+7%
|
49
-16%
|
(28)
N/A
|
(17)
+39%
|
(14)
+15%
|
11
N/A
|
22
+107%
|
26
+20%
|
31
+17%
|
14
-53%
|
22
+51%
|
18
-16%
|
18
+1%
|
23
+27%
|
20
-15%
|
19
-2%
|
19
+1%
|
14
-27%
|
20
+39%
|
17
-13%
|
21
+19%
|
23
+12%
|
21
-8%
|
29
+37%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(8)
|
(7)
|
(5)
|
(4)
|
(3)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(5)
|
(7)
|
(6)
|
(7)
|
(6)
|
(7)
|
(7)
|
(9)
|
(5)
|
(6)
|
(6)
|
(5)
|
(9)
|
(8)
|
(16)
|
(22)
|
(27)
|
(30)
|
(24)
|
(15)
|
(10)
|
(16)
|
(11)
|
(13)
|
(13)
|
(2)
|
(6)
|
(5)
|
(3)
|
(2)
|
(2)
|
(1)
|
1
|
1
|
(1)
|
(1)
|
(6)
|
(5)
|
(3)
|
(1)
|
(1)
|
1
|
1
|
1
|
1
|
0
|
(1)
|
|
| Income from Continuing Operations |
45
|
45
|
31
|
29
|
21
|
6
|
6
|
4
|
(1)
|
8
|
7
|
8
|
9
|
12
|
17
|
19
|
20
|
22
|
31
|
33
|
38
|
38
|
19
|
17
|
7
|
3
|
8
|
8
|
24
|
42
|
59
|
66
|
49
|
25
|
9
|
54
|
44
|
46
|
37
|
(30)
|
(23)
|
(19)
|
8
|
19
|
24
|
29
|
15
|
23
|
17
|
18
|
17
|
14
|
16
|
18
|
14
|
20
|
19
|
21
|
24
|
21
|
27
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(4)
|
(5)
|
(6)
|
(8)
|
(5)
|
(4)
|
(3)
|
(2)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
1
|
(0)
|
(0)
|
(4)
|
(7)
|
(7)
|
(14)
|
|
| Net Income (Common) |
45
N/A
|
45
0%
|
31
-32%
|
29
-6%
|
21
-26%
|
6
-72%
|
6
-3%
|
4
-26%
|
(1)
N/A
|
8
N/A
|
7
-5%
|
8
+13%
|
9
+15%
|
12
+30%
|
17
+42%
|
19
+12%
|
20
+2%
|
21
+9%
|
26
+25%
|
29
+8%
|
32
+12%
|
30
-6%
|
15
-51%
|
13
-14%
|
4
-70%
|
1
-68%
|
9
+625%
|
8
-6%
|
25
+200%
|
43
+73%
|
59
+39%
|
66
+12%
|
49
-26%
|
25
-49%
|
8
-66%
|
54
+543%
|
44
-19%
|
46
+6%
|
37
-21%
|
(30)
N/A
|
(23)
+25%
|
(19)
+15%
|
8
N/A
|
20
+160%
|
24
+24%
|
28
+14%
|
13
-54%
|
20
+55%
|
14
-30%
|
15
+10%
|
15
-4%
|
12
-21%
|
14
+25%
|
16
+12%
|
15
-9%
|
20
+35%
|
18
-8%
|
18
-2%
|
17
-6%
|
14
-16%
|
13
-7%
|
|
| EPS (Diluted) |
0.13
N/A
|
0.1
-23%
|
0.08
-20%
|
0.08
N/A
|
0.05
-38%
|
0.01
-80%
|
0.01
N/A
|
0
N/A
|
-0.01
N/A
|
0.01
N/A
|
0.02
+100%
|
0.02
N/A
|
0.02
N/A
|
0.03
+50%
|
0.04
+33%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.06
+50%
|
0.06
N/A
|
0.07
+17%
|
0.07
N/A
|
0.03
-57%
|
0.03
N/A
|
0.01
-67%
|
0
N/A
|
0.02
N/A
|
0.02
N/A
|
0.06
+200%
|
0.1
+67%
|
0.13
+30%
|
0.15
+15%
|
0.11
-27%
|
0.06
-45%
|
0.02
-67%
|
0.13
+550%
|
0.11
-15%
|
0.11
N/A
|
0.08
-27%
|
-0.07
N/A
|
-0.06
+14%
|
-0.05
+17%
|
0.02
N/A
|
0.04
+100%
|
0.05
+25%
|
0.06
+20%
|
0.03
-50%
|
0.05
+67%
|
0.03
-40%
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.03
N/A
|
0.04
+33%
|
0.03
-25%
|
0.05
+67%
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.03
-25%
|
0.03
N/A
|
|