Tang Palace Statements
11
Tang Palace Income Statement
B
M
CNY (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
534.61
100
180.83
33.8
353.78
66.2
—
0
279.72
52.3
344.74
64.5
9.04
1.7
-3.094
-0.6
—
0
2.383
0.4
1.996
0.4
0.128
0.02
0
1 076.03
588.3
100
197.86
33.6
390.44
66.4
—
0
266.22
45.3
338.26
57.5
52.181
8.9
-6.31
-1.07
—
0
45.871
7.8
3.994
0.7
41.564
7.1
0.039
1 076.03
497.55
100
190.05
38.2
307.5
61.8
—
0
265.47
53.4
352.43
70.8
-44.929
-9.03
-11.082
-2.2
—
0
-66.874
-13.4
-1.041
-0.2
-65.629
-13.2
-0.061
1 076.04
444.42
100
178.42
40.1
266
59.9
—
0
255.66
57.5
338.34
76.1
-72.339
-16.3
-6.139
-1.4
—
0
-84.387
-19
2.097
0.5
-85.305
-19.2
-0.079
1 074.63
646.84
100
241.08
37.3
405.76
62.7
—
0
284.32
44
376.69
58.2
29.075
4.5
-2.424
-0.4
—
0
18.267
2.8
10.76
1.7
8.195
1.3
0.008
1 076.03
714.45
100
273.38
38.3
441.07
61.7
—
0
288.96
40.4
384.33
53.8
56.734
7.9
-7.416
-1.04
—
0
49.318
6.9
16.802
2.4
32.375
4.5
0.03
1 076.03
694.61
100
258.37
37.2
436.24
62.8
—
0
254.74
36.7
344.04
49.5
92.202
13.3
-7.304
-1.05
—
0
83.302
12
12.687
1.8
70.879
10.2
0.066
1 075.53
410.49
100
164.27
40
246.22
60
—
0
206.7
50.4
290.69
70.8
-44.467
-10.8
-13.599
-3.3
—
0
-64.775
-15.8
2.682
0.7
-66.5
-16.2
-0.062
1 075.8
736.27
100
276.74
37.6
459.53
62.4
—
0
288.37
39.2
387.52
52.6
72.002
9.8
-12.606
-1.7
—
0
59.396
8.1
18.587
2.5
40.073
5.4
0.037
1 073.9
758.82
100
280.28
36.9
478.54
63.1
—
0
252.11
33.2
386.9
51
91.641
12.1
-12.915
-1.7
—
0
78.726
10.4
26.689
3.5
51.21
6.7
0.048
1 069.62
751.94
100
277.86
37
474.08
63
—
0
290.15
38.6
388.95
51.7
85.133
11.3
4.276
0.6
—
0
89.409
11.9
25.558
3.4
62.954
8.4
0.059
1 068.65
740.19
100
273.25
36.9
466.94
63.1
—
0
297.8
40.2
387.97
52.4
78.962
10.7
-0.39
-0.05
—
0
78.572
10.6
25.417
3.4
52.219
7.1
0.049
1 064.69
696.35
100
249.36
35.8
447
64.2
—
0
253.28
36.4
344.4
49.5
102.6
14.7
0.06
0.009
—
0
102.66
14.7
31.728
4.6
69.378
10
0.065
1 063.38
659.79
100
232.75
35.3
427.03
64.7
—
0
252.41
38.3
334.29
50.7
92.749
14.1
-0.87
-0.1
—
0
91.879
13.9
29.621
4.5
61.951
9.4
0.058
1 062.91
618.8
100
222.7
36
396.1
64
—
0
212.9
34.4
309.2
50
86.9
14
-1.9
-0.3
0
0
85
13.7
24.6
4
60
9.7
0.06
1 059.6
629.7
100
240.9
38.3
388.8
61.7
—
0
237.4
37.7
326.3
51.8
62.5
9.9
-2.3
-0.4
0.1
0.02
60.3
9.6
18.4
2.9
41
6.5
0.04
1 059.8
542.3
100
214.9
39.6
327.4
60.4
—
0
213.2
39.3
299.2
55.2
28.2
5.2
-1.8
-0.3
—
0
26.4
4.9
7
1.3
19.3
3.6
0.02
1 054.4
545.8
100
219.9
40.3
326
59.7
—
0
206.5
37.8
289.1
53
36.8
6.7
1.4
0.3
0
0
38.2
7
9
1.6
29.3
5.4
0.03
1 051.8
511.4
100
209.2
40.9
302.2
59.1
—
0
191.2
37.4
274.1
53.6
28.1
5.5
1.7
0.3
0
0
29.8
5.8
6.2
1.2
24.6
4.8
0.02
1 049
477.6
100
193.6
40.5
284
59.5
—
0
171
35.8
247.5
51.8
36.5
7.6
0.8
0.2
0
0
37.3
7.8
8.7
1.8
28.6
6
0.03
1 047.6
465.1
100
196.8
42.3
268.3
57.7
—
0
164.7
35.4
239.2
51.4
29.1
6.3
1.3
0.3
—
0
30.4
6.5
8.6
1.8
21.8
4.7
0.02
1 047
437.3
100
183.4
41.9
253.9
58.1
—
0
161
36.8
235.4
53.8
18.5
4.2
1.1
0.3
0
0
19.6
4.5
4.5
1
15
3.4
0.01
1 043.4
432.8
100
176.9
40.9
255.8
59.1
—
0
145.8
33.7
218.8
50.6
37.1
8.6
—
0
—
0
37.1
8.6
7.9
1.8
29.1
6.7
0.03
1 043
391.9
100
161.6
41.2
230.3
58.8
—
0
133.9
34.2
194.2
49.6
36.2
9.2
2
0.5
0
0
38.2
9.7
12.5
3.2
25.7
6.6
0.02
1 042.7
376.9
100
147
39
229.8
61
—
0
116.5
30.9
179.3
47.6
50.5
13.4
0.1
0.03
—
0
50.3
13.3
10.1
2.7
40.2
10.7
0.05
871.4
369.3
100
159.3
43.1
210
56.9
—
0
117.6
31.8
171.9
46.5
38.1
10.3
-0.4
-0.1
0.1
0.03
24.4
6.6
13.9
3.8
10.5
2.8
0.01
868.3
333
100
146.3
43.9
186.6
56
—
0
99.6
29.9
147.5
44.3
39.2
11.8
-0.2
-0.06
0
0
36.9
11.1
13.7
4.1
23.2
7
0.03
750