Valiant Co Ltd
SZSE:002643

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Valiant Co Ltd
SZSE:002643
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Price: 11.04 CNY -4.42% Market Closed
Market Cap: 10.3B CNY
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Income Statement

Earnings Waterfall
Valiant Co Ltd

Revenue
4.2B CNY
Cost of Revenue
-2.5B CNY
Gross Profit
1.7B CNY
Operating Expenses
-908m CNY
Operating Income
800.5m CNY
Other Expenses
-211.5m CNY
Net Income
588.9m CNY

Income Statement
Valiant Co Ltd

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Income Statement
Currency: CNY
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
Revenue
Revenue
915
N/A
965
+5%
1 069
+11%
1 138
+6%
1 251
+10%
1 386
+11%
1 631
+18%
1 788
+10%
1 904
+6%
1 933
+2%
1 847
-4%
2 037
+10%
2 221
+9%
2 320
+4%
2 456
+6%
2 502
+2%
2 472
-1%
2 509
+1%
2 632
+5%
2 636
+0%
2 647
+0%
2 725
+3%
2 870
+5%
2 877
+0%
2 824
-2%
2 877
+2%
2 918
+1%
3 036
+4%
3 481
+15%
4 193
+20%
4 359
+4%
4 943
+13%
5 135
+4%
4 977
-3%
5 080
+2%
4 742
-7%
4 567
-4%
4 412
-3%
4 305
-2%
4 210
-2%
4 188
-1%
Gross Profit
Cost of Revenue
(653)
(691)
(781)
(818)
(874)
(941)
(1 099)
(1 168)
(1 199)
(1 191)
(1 106)
(1 236)
(1 361)
(1 427)
(1 501)
(1 572)
(1 556)
(1 575)
(1 590)
(1 560)
(1 534)
(1 569)
(1 648)
(1 614)
(1 600)
(1 617)
(1 643)
(1 726)
(2 018)
(2 586)
(2 830)
(3 198)
(3 316)
(3 086)
(3 224)
(2 823)
(2 698)
(2 599)
(2 528)
(2 465)
(2 480)
Gross Profit
262
N/A
274
+4%
288
+5%
320
+11%
377
+18%
445
+18%
532
+19%
620
+17%
705
+14%
742
+5%
741
0%
801
+8%
860
+7%
893
+4%
955
+7%
930
-3%
916
-1%
935
+2%
1 042
+11%
1 076
+3%
1 113
+3%
1 156
+4%
1 223
+6%
1 263
+3%
1 224
-3%
1 260
+3%
1 275
+1%
1 311
+3%
1 463
+12%
1 607
+10%
1 528
-5%
1 745
+14%
1 819
+4%
1 892
+4%
1 856
-2%
1 919
+3%
1 870
-3%
1 813
-3%
1 778
-2%
1 746
-2%
1 708
-2%
Operating Income
Operating Expenses
(160)
(172)
(197)
(221)
(255)
(270)
(306)
(315)
(346)
(383)
(401)
(446)
(464)
(478)
(510)
(508)
(524)
(532)
(592)
(580)
(596)
(592)
(587)
(650)
(618)
(627)
(590)
(608)
(654)
(733)
(733)
(819)
(859)
(974)
(961)
(1 086)
(1 093)
(994)
(849)
(897)
(908)
Selling, General & Administrative
(155)
(167)
(182)
(206)
(244)
(260)
(290)
(286)
(311)
(346)
(283)
(430)
(445)
(460)
(355)
(360)
(374)
(348)
(382)
(411)
(370)
(365)
(354)
(361)
(352)
(350)
(331)
(355)
(377)
(405)
(424)
(452)
(461)
(508)
(561)
(626)
(630)
(604)
(469)
(497)
(501)
Research & Development
0
0
0
0
0
0
0
0
0
0
(95)
0
0
0
(137)
0
0
(172)
(167)
(144)
(211)
(217)
(192)
(232)
(214)
(224)
(220)
(240)
(259)
(313)
(266)
(338)
(376)
(351)
(325)
(339)
(328)
(353)
(321)
(398)
(418)
Depreciation & Amortization
0
0
(14)
0
0
0
(16)
0
0
0
(20)
0
0
0
(23)
0
0
0
(53)
0
0
0
(56)
0
0
0
(65)
0
0
0
(76)
0
0
0
(100)
0
0
0
(95)
0
0
Other Operating Expenses
(5)
(5)
(0)
(15)
(10)
(10)
(0)
(29)
(35)
(36)
(3)
(16)
(18)
(17)
5
(147)
(150)
(13)
9
(25)
(14)
(11)
15
(57)
(52)
(54)
25
(13)
(18)
(15)
32
(29)
(22)
(115)
25
(121)
(135)
(36)
36
(2)
10
Operating Income
102
N/A
102
N/A
92
-10%
99
+8%
122
+24%
176
+43%
226
+29%
306
+35%
359
+18%
359
0%
340
-5%
355
+4%
396
+12%
416
+5%
445
+7%
422
-5%
392
-7%
402
+3%
450
+12%
497
+10%
517
+4%
563
+9%
635
+13%
613
-3%
605
-1%
633
+5%
684
+8%
702
+3%
809
+15%
874
+8%
796
-9%
926
+16%
960
+4%
918
-4%
895
-3%
833
-7%
776
-7%
819
+6%
929
+13%
849
-9%
800
-6%
Pre-Tax Income
Interest Income Expense
3
5
8
9
16
24
68
66
67
55
21
19
2
3
(4)
(23)
17
48
52
58
39
27
24
34
21
(12)
(48)
(57)
(71)
(55)
(27)
(33)
33
61
78
65
35
10
17
31
5
Non-Reccuring Items
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
(1)
0
0
(0)
(49)
(0)
(0)
(0)
(3)
0
0
0
(1)
1
1
1
(6)
0
0
0
(0)
0
(0)
Gain/Loss on Disposition of Assets
(1)
(2)
(3)
(3)
(2)
(2)
(2)
(2)
(2)
(2)
(3)
(2)
(2)
(2)
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
Total Other Income
10
8
15
15
15
12
6
6
9
10
10
10
8
9
4
3
2
(1)
1
1
(1)
(1)
1
(5)
(4)
(4)
(3)
4
0
1
(1)
(4)
(0)
(3)
(17)
(23)
(21)
(20)
6
6
5
Pre-Tax Income
114
N/A
113
-1%
112
-1%
120
+7%
151
+26%
209
+39%
298
+42%
376
+26%
433
+15%
422
-3%
368
-13%
381
+3%
404
+6%
425
+5%
444
+4%
402
-9%
410
+2%
448
+9%
503
+12%
555
+10%
555
+0%
589
+6%
612
+4%
642
+5%
622
-3%
617
-1%
630
+2%
649
+3%
739
+14%
820
+11%
767
-6%
890
+16%
993
+12%
977
-2%
951
-3%
875
-8%
790
-10%
810
+3%
951
+17%
885
-7%
810
-8%
Net Income
Tax Provision
(17)
(17)
(15)
(16)
(20)
(29)
(40)
(52)
(60)
(59)
(50)
(53)
(57)
(55)
(59)
(53)
(46)
(56)
(51)
(59)
(56)
(61)
(78)
(81)
(83)
(81)
(79)
(84)
(99)
(117)
(77)
(98)
(103)
(120)
(127)
(111)
(65)
(45)
(69)
(61)
(75)
Income from Continuing Operations
98
97
97
104
130
180
258
324
373
363
319
329
347
370
385
349
364
392
452
495
499
528
534
561
539
537
551
565
640
703
690
792
890
857
824
764
724
766
882
825
735
Income to Minority Interest
1
0
(0)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
0
0
1
0
(3)
(7)
(13)
(17)
(24)
(27)
(32)
(47)
(48)
(47)
(53)
(51)
(54)
(63)
(64)
(73)
(79)
(103)
(99)
(105)
(113)
(119)
(140)
(146)
Net Income (Common)
98
N/A
97
-1%
97
0%
103
+7%
130
+26%
179
+38%
258
+44%
324
+26%
373
+15%
363
-3%
319
-12%
329
+3%
347
+6%
370
+7%
385
+4%
350
-9%
364
+4%
389
+7%
445
+14%
482
+8%
482
+0%
505
+5%
507
+0%
530
+4%
492
-7%
489
-1%
505
+3%
512
+1%
589
+15%
649
+10%
627
-3%
728
+16%
816
+12%
778
-5%
721
-7%
665
-8%
620
-7%
653
+5%
763
+17%
685
-10%
589
-14%
EPS (Diluted)
0.14
N/A
0.14
N/A
0.14
N/A
0.15
+7%
0.18
+20%
0.23
+28%
0.3
+30%
0.39
+30%
0.44
+13%
0.43
-2%
0.37
-14%
0.37
N/A
0.39
+5%
0.41
+5%
0.42
+2%
0.39
-7%
0.4
+3%
0.42
+5%
0.49
+17%
0.52
+6%
0.52
N/A
0.55
+6%
0.56
+2%
0.58
+4%
0.54
-7%
0.54
N/A
0.56
+4%
0.56
N/A
0.65
+16%
0.71
+9%
0.69
-3%
0.8
+16%
0.9
+13%
0.86
-4%
0.79
-8%
0.73
-8%
0.68
-7%
0.72
+6%
0.84
+17%
0.75
-11%
0.64
-15%

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