Zhejiang Busen Garments Co Ltd
SZSE:002569
Income Statement
Earnings Waterfall
Zhejiang Busen Garments Co Ltd
Income Statement
Zhejiang Busen Garments Co Ltd
| 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 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
537
N/A
|
555
+3%
|
592
+7%
|
681
+15%
|
715
+5%
|
729
+2%
|
743
+2%
|
721
-3%
|
653
-9%
|
688
+5%
|
643
-7%
|
623
-3%
|
651
+5%
|
621
-5%
|
590
-5%
|
543
-8%
|
482
-11%
|
453
-6%
|
448
-1%
|
428
-4%
|
402
-6%
|
396
-2%
|
375
-5%
|
351
-6%
|
370
+5%
|
347
-6%
|
345
-1%
|
385
+12%
|
344
-11%
|
389
+13%
|
390
+0%
|
394
+1%
|
320
-19%
|
311
-3%
|
328
+5%
|
293
-11%
|
359
+23%
|
317
-12%
|
323
+2%
|
253
-22%
|
255
+1%
|
234
-8%
|
242
+3%
|
286
+18%
|
259
-9%
|
274
+6%
|
227
-17%
|
188
-17%
|
155
-18%
|
131
-16%
|
125
-4%
|
120
-4%
|
144
+20%
|
138
-4%
|
147
+7%
|
147
0%
|
132
-10%
|
129
-3%
|
115
-11%
|
120
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(391)
|
(403)
|
(428)
|
(485)
|
(500)
|
(499)
|
(498)
|
(473)
|
(411)
|
(428)
|
(406)
|
(389)
|
(408)
|
(393)
|
(372)
|
(347)
|
(357)
|
(302)
|
(293)
|
(277)
|
(280)
|
(242)
|
(233)
|
(228)
|
(267)
|
(239)
|
(237)
|
(267)
|
(262)
|
(253)
|
(246)
|
(256)
|
(250)
|
(206)
|
(222)
|
(164)
|
(234)
|
(203)
|
(215)
|
(192)
|
(201)
|
(194)
|
(192)
|
(177)
|
(149)
|
(136)
|
(101)
|
(105)
|
(132)
|
(70)
|
(68)
|
(69)
|
(119)
|
(95)
|
(99)
|
(102)
|
(104)
|
(95)
|
(89)
|
(91)
|
|
| Gross Profit |
147
N/A
|
152
+3%
|
164
+8%
|
197
+20%
|
214
+9%
|
231
+8%
|
245
+6%
|
248
+1%
|
243
-2%
|
261
+7%
|
238
-9%
|
233
-2%
|
243
+4%
|
228
-6%
|
218
-5%
|
196
-10%
|
125
-36%
|
151
+21%
|
155
+3%
|
151
-3%
|
123
-18%
|
154
+25%
|
143
-7%
|
123
-14%
|
103
-17%
|
108
+5%
|
108
+1%
|
118
+9%
|
82
-30%
|
136
+66%
|
144
+6%
|
138
-4%
|
70
-50%
|
105
+50%
|
105
0%
|
128
+22%
|
125
-3%
|
114
-8%
|
108
-6%
|
61
-44%
|
54
-12%
|
41
-25%
|
50
+23%
|
108
+117%
|
110
+2%
|
139
+26%
|
126
-9%
|
83
-34%
|
22
-73%
|
61
+172%
|
57
-6%
|
52
-10%
|
25
-51%
|
43
+71%
|
48
+10%
|
45
-6%
|
28
-37%
|
34
+19%
|
26
-24%
|
28
+10%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(86)
|
(91)
|
(104)
|
(131)
|
(135)
|
(156)
|
(166)
|
(166)
|
(180)
|
(199)
|
(188)
|
(203)
|
(225)
|
(214)
|
(230)
|
(220)
|
(208)
|
(235)
|
(227)
|
(216)
|
(145)
|
(177)
|
(183)
|
(166)
|
(117)
|
(132)
|
(131)
|
(126)
|
(117)
|
(170)
|
(161)
|
(156)
|
(114)
|
(143)
|
(142)
|
(177)
|
(148)
|
(148)
|
(176)
|
(161)
|
(169)
|
(176)
|
(132)
|
(140)
|
(105)
|
(120)
|
(139)
|
(146)
|
(86)
|
(121)
|
(115)
|
(86)
|
(74)
|
(96)
|
(82)
|
(74)
|
(79)
|
(81)
|
(83)
|
(74)
|
|
| Selling, General & Administrative |
(85)
|
(88)
|
(99)
|
(121)
|
(134)
|
(150)
|
(161)
|
(161)
|
(174)
|
(190)
|
(178)
|
(194)
|
(219)
|
(201)
|
(215)
|
(211)
|
(201)
|
(198)
|
(188)
|
(171)
|
(135)
|
(137)
|
(135)
|
(122)
|
(111)
|
(109)
|
(108)
|
(109)
|
(114)
|
(115)
|
(110)
|
(106)
|
(111)
|
(104)
|
(104)
|
(115)
|
(148)
|
(118)
|
(127)
|
(127)
|
(167)
|
(138)
|
(131)
|
(123)
|
(101)
|
(104)
|
(104)
|
(121)
|
(80)
|
(76)
|
(70)
|
(45)
|
(64)
|
(74)
|
(63)
|
(60)
|
(73)
|
(69)
|
(76)
|
(70)
|
|
| Research & Development |
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
(4)
|
(4)
|
(1)
|
0
|
0
|
0
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(9)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
(0)
|
(4)
|
(6)
|
(10)
|
(0)
|
(6)
|
(5)
|
(6)
|
(0)
|
(9)
|
(10)
|
(9)
|
(1)
|
(13)
|
(15)
|
(8)
|
(0)
|
(38)
|
(39)
|
(44)
|
(0)
|
(41)
|
(48)
|
(44)
|
(0)
|
(24)
|
(24)
|
(17)
|
(0)
|
(54)
|
(51)
|
(49)
|
0
|
(38)
|
(38)
|
(62)
|
3
|
(30)
|
(49)
|
(34)
|
1
|
(38)
|
(0)
|
(17)
|
0
|
(16)
|
(35)
|
(24)
|
0
|
(45)
|
(45)
|
(41)
|
0
|
(22)
|
(15)
|
(10)
|
1
|
(10)
|
(6)
|
(4)
|
|
| Operating Income |
61
N/A
|
61
-1%
|
60
-2%
|
66
+10%
|
80
+21%
|
74
-7%
|
79
+6%
|
81
+3%
|
62
-23%
|
62
-1%
|
50
-19%
|
30
-39%
|
18
-40%
|
14
-23%
|
(13)
N/A
|
(24)
-90%
|
(83)
-250%
|
(85)
-2%
|
(73)
+14%
|
(65)
+10%
|
(22)
+67%
|
(24)
-9%
|
(40)
-70%
|
(43)
-6%
|
(15)
+66%
|
(25)
-70%
|
(23)
+7%
|
(8)
+64%
|
(35)
-329%
|
(34)
+5%
|
(18)
+47%
|
(18)
+1%
|
(44)
-149%
|
(38)
+14%
|
(38)
+1%
|
(49)
-30%
|
(23)
+52%
|
(33)
-44%
|
(68)
-104%
|
(100)
-48%
|
(115)
-15%
|
(136)
-18%
|
(82)
+40%
|
(31)
+62%
|
5
N/A
|
19
+292%
|
(13)
N/A
|
(63)
-391%
|
(64)
-1%
|
(60)
+5%
|
(58)
+4%
|
(34)
+40%
|
(49)
-41%
|
(53)
-9%
|
(34)
+35%
|
(29)
+14%
|
(51)
-73%
|
(47)
+7%
|
(58)
-21%
|
(46)
+21%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(4)
|
(5)
|
(6)
|
(8)
|
(8)
|
(10)
|
(10)
|
(12)
|
(9)
|
(7)
|
(5)
|
(3)
|
(3)
|
(2)
|
0
|
30
|
33
|
32
|
2
|
1
|
(1)
|
1
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
(43)
|
(30)
|
(31)
|
(31)
|
10
|
(4)
|
(4)
|
(4)
|
(0)
|
(0)
|
1
|
2
|
2
|
2
|
1
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
(3)
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
34
|
5
|
5
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
84
|
0
|
0
|
0
|
30
|
0
|
0
|
3
|
(12)
|
0
|
0
|
(0)
|
(3)
|
(0)
|
3
|
3
|
(19)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
| 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
|
45
|
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 |
0
|
0
|
0
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
0
|
2
|
4
|
4
|
3
|
1
|
6
|
6
|
6
|
7
|
1
|
1
|
46
|
46
|
46
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
0
|
1
|
(148)
|
(148)
|
(148)
|
(180)
|
(18)
|
66
|
77
|
108
|
(26)
|
2
|
34
|
27
|
36
|
25
|
(19)
|
(12)
|
1
|
(2)
|
(3)
|
(5)
|
(3)
|
(25)
|
(25)
|
(22)
|
(0)
|
(1)
|
1
|
0
|
|
| Pre-Tax Income |
56
N/A
|
57
+3%
|
57
-1%
|
64
+13%
|
71
+12%
|
73
+3%
|
77
+5%
|
78
+2%
|
59
-25%
|
60
+1%
|
49
-18%
|
29
-40%
|
16
-46%
|
10
-39%
|
(19)
N/A
|
(28)
-44%
|
(87)
-214%
|
(90)
-4%
|
(76)
+16%
|
(72)
+5%
|
19
N/A
|
19
-1%
|
2
-92%
|
0
-87%
|
20
+9 700%
|
10
-51%
|
15
+53%
|
24
+65%
|
(34)
N/A
|
(31)
+7%
|
(18)
+41%
|
(16)
+11%
|
(192)
-1 077%
|
(184)
+4%
|
(184)
+0%
|
(227)
-24%
|
44
N/A
|
34
-23%
|
10
-72%
|
7
-29%
|
(155)
N/A
|
(164)
-6%
|
(78)
+52%
|
(32)
+59%
|
39
N/A
|
40
+3%
|
(36)
N/A
|
(79)
-121%
|
(66)
+16%
|
(63)
+6%
|
(57)
+9%
|
(35)
+39%
|
(69)
-97%
|
(76)
-10%
|
(58)
+23%
|
(51)
+12%
|
(54)
-5%
|
(50)
+8%
|
(58)
-15%
|
(46)
+20%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(14)
|
(14)
|
(13)
|
(16)
|
(19)
|
(20)
|
(22)
|
(23)
|
(19)
|
(19)
|
(16)
|
(9)
|
(10)
|
(7)
|
(20)
|
(20)
|
(16)
|
(15)
|
0
|
0
|
(7)
|
(11)
|
(7)
|
(8)
|
(13)
|
(10)
|
(13)
|
(12)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
42
|
44
|
44
|
48
|
53
|
54
|
55
|
55
|
40
|
40
|
33
|
20
|
6
|
2
|
(39)
|
(48)
|
(103)
|
(105)
|
(76)
|
(72)
|
11
|
8
|
(6)
|
(8)
|
7
|
(1)
|
2
|
12
|
(34)
|
(31)
|
(19)
|
(17)
|
(193)
|
(185)
|
(185)
|
(228)
|
43
|
33
|
9
|
6
|
(155)
|
(164)
|
(79)
|
(32)
|
40
|
41
|
(36)
|
(79)
|
(67)
|
(63)
|
(58)
|
(36)
|
(69)
|
(76)
|
(58)
|
(51)
|
(54)
|
(50)
|
(57)
|
(46)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
(1)
|
0
|
1
|
3
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
|
| Net Income (Common) |
42
N/A
|
44
+3%
|
44
+0%
|
48
+10%
|
53
+10%
|
54
+2%
|
55
+2%
|
55
+0%
|
40
-27%
|
40
+0%
|
33
-19%
|
21
-37%
|
6
-70%
|
3
-59%
|
(39)
N/A
|
(47)
-22%
|
(103)
-119%
|
(105)
-2%
|
(75)
+28%
|
(72)
+5%
|
12
N/A
|
8
-30%
|
(6)
N/A
|
(8)
-38%
|
7
N/A
|
(1)
N/A
|
2
N/A
|
12
+594%
|
(34)
N/A
|
(31)
+8%
|
(19)
+41%
|
(17)
+10%
|
(193)
-1 061%
|
(185)
+4%
|
(184)
+0%
|
(227)
-23%
|
45
N/A
|
34
-23%
|
10
-71%
|
7
-28%
|
(153)
N/A
|
(163)
-6%
|
(78)
+52%
|
(33)
+58%
|
40
N/A
|
40
-1%
|
(37)
N/A
|
(81)
-116%
|
(68)
+16%
|
(63)
+7%
|
(56)
+11%
|
(33)
+41%
|
(67)
-104%
|
(73)
-9%
|
(55)
+25%
|
(48)
+13%
|
(51)
-7%
|
(48)
+7%
|
(56)
-17%
|
(44)
+21%
|
|
| EPS (Diluted) |
0.3
N/A
|
0.31
+3%
|
0.31
N/A
|
0.34
+10%
|
0.38
+12%
|
0.38
N/A
|
0.39
+3%
|
0.39
N/A
|
0.29
-26%
|
0.29
N/A
|
0.24
-17%
|
0.16
-33%
|
0.04
-75%
|
0.03
-25%
|
-0.27
N/A
|
-0.34
-26%
|
-0.73
-115%
|
-0.75
-3%
|
-0.54
+28%
|
-0.55
-2%
|
0.08
N/A
|
0.05
-38%
|
-0.05
N/A
|
-0.06
-20%
|
0.05
N/A
|
0
N/A
|
0.02
N/A
|
0.09
+350%
|
-0.24
N/A
|
-0.22
+8%
|
-0.13
+41%
|
-0.12
+8%
|
-1.38
-1 050%
|
-1.33
+4%
|
-1.33
N/A
|
-1.64
-23%
|
0.32
N/A
|
0.23
-28%
|
0.06
-74%
|
0.05
-17%
|
-1.1
N/A
|
-1.16
-5%
|
-0.55
+53%
|
-0.23
+58%
|
0.28
N/A
|
0.29
+4%
|
-0.25
N/A
|
-0.56
-124%
|
-0.47
+16%
|
-0.44
+6%
|
-0.39
+11%
|
-0.23
+41%
|
-0.48
-109%
|
-0.52
-8%
|
-0.39
+25%
|
-0.31
+21%
|
-0.38
-23%
|
-0.33
+13%
|
-0.38
-15%
|
-0.3
+21%
|
|