Income Statement | | | | | | | | | | | |
| | | | | | | Original | | | | |
CNY | | | Latest | | Year-to-date Ending | |
(in millions) | Dec-19 | Dec-20 | Dec-21 | Dec-22 | Dec-23 | | Jun-24 | | Jun-23 | Jun-24 | |
| FY - 4 | FY - 3 | FY - 2 | FY - 1 | FY | | LTM | | YTD-1 | YTD | |
| | | | | | | | | | | |
Net Revenue | 1,616 | 2,717 | 2,354 | 1,359 | 723 | | 532 | | 543 | 352 | |
% Growth | NA | 68.2% | -13.4% | -42.3% | -46.8% | | | | | -35.2% | |
| | | | | | | | | | | |
Research and Development | (36) | (46) | (37) | (39) | (41) | | (41) | | 0 | 0 | |
Selling and Marketing | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
General and Admin | (779) | (1,103) | (1,108) | (793) | (452) | | (449) | | (287) | (283) | |
Other Exp / (Inc) | (413) | (409) | 512 | (944) | (592) | | (373) | | (383) | (165) | |
Total Operating Exp | (1,227) | (1,557) | (634) | (1,775) | (1,085) | | (863) | | (670) | (448) | |
| | | | | | | | | | | |
Operating Income | 389 | 1,160 | 1,720 | (417) | (362) | | (331) | | (127) | (96) | |
% Revenue | 24.1% | 42.7% | 73.1% | -30.7% | -50.1% | | -62.3% | | -23.3% | -27.2% | |
| | | | | | | | | | | |
Interest Expense | 0 | 0 | 136 | 34 | 21 | | 29 | | 14 | 22 | |
Pre-tax Income | 389 | 1,160 | 1,856 | (383) | (341) | | (302) | | (112) | (74) | |
Earnings of Discontinued Ops. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Provision for Taxes | (78) | (136) | (211) | (71) | (120) | | (82) | | (51) | (12) | |
Net Income to Company | 310 | 1,024 | 1,645 | (454) | (461) | | (384) | | (163) | (86) | |
% Margin | 19.2% | 37.7% | 69.9% | -33.4% | -63.8% | | -72.2% | | -30.1% | -24.4% | |
| | | | | | | | | | | |
Minority Interest in Earnings | (63) | 13 | (21) | 24 | (11) | | 18 | | (17) | 12 | |
Net Income to Stockholders | 247 | 1,038 | 1,624 | (430) | (472) | | (366) | | (180) | (74) | |
| | | | | | | | | | | |
Preferred Dividends | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Other Adj. | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
| | | | | | | | | | | |
Net Income to Common | 247 | 1,038 | 1,624 | (430) | (472) | | (366) | | (180) | (74) | |
% Margin | 15.3% | 38.2% | 69.0% | -31.6% | -65.3% | | -68.7% | | -33.2% | -21.0% | |
| | | | | | | | | | | |
As Reported | | | | | | | | | | | |
Basic EPS (Continuing Ops) | 0.49 | 2.11 | 3.27 | (0.85) | (0.94) | | (0.72) | | (0.36) | (0.15) | |
Diluted EPS (Continuing Ops) | 0.46 | 1.98 | 3.09 | (0.85) | (0.94) | | (0.73) | | (0.36) | (0.15) | |
| | | | | | | | | | | |
WA Basic Shares Out. | 500 | 491 | 496 | 507 | 505 | | 508 | | 503 | 507 | |
WA Diluted Shares Out. | 537 | 523 | 526 | 507 | 505 | | 508 | | 503 | 507 | |
| | | | | | | | | | | |
Unusual Items Reconciliation | | | | | | | | | | | |
Addback: Other Non Operating Expenses, Total | (41) | (44) | (841) | 75 | 111 | | (34) | | 145 | (1) | |
Addback: Restructuring Charges | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Merger / Acquisition Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Goodwill Impairment | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Gain (Loss) On Sale Of Invest. | 130 | 121 | (17) | 204 | 28 | | 28 | | (0) | (0) | |
Addback: Gain (Loss) On Sale Of Assets | (24) | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Asset Writedown | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: In Process R&D Expenses | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Insurance Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Legal Settlements | 0 | 0 | 0 | 0 | 0 | | 0 | | 0 | 0 | |
Addback: Other Unusual Items | 1 | 11 | 1 | 91 | 24 | | 29 | | 0 | 5 | |
Total Unusual Items | 67 | 88 | (857) | 370 | 163 | | 22 | | 145 | 4 | |
% Margin | 4.1% | 3.2% | -36.4% | 27.2% | 22.6% | | 4.2% | | 26.7% | 1.1% | |
| | | | | | | | | | | |
Adjusted Net Income Reconciliation | | | | | | | | | | | |
Net Income to Company | 310 | 1,024 | 1,645 | (454) | (461) | | (384) | | (163) | (86) | |
Addback: Unusual Items | 107 | 132 | (16) | 294 | 52 | | 57 | | 0 | 5 | |
Less: Tax Benefit of Unusual Items (26%) | (28) | (34) | 4 | (77) | (13) | | (15) | | (0) | (1) | |
Adjusted Net Income | 390 | 1,122 | 1,634 | (236) | (423) | | (342) | | (163) | (82) | |
% Margin | 24.1% | 41.3% | 69.4% | -17.4% | -58.5% | | -64.3% | | -30.0% | -23.4% | |
| | | | | | | | | | | |
Adjusted Basic EPS | 0.78 | 2.28 | 3.29 | (0.47) | (0.84) | | (0.67) | | (0.32) | (0.16) | |