Shenzhen Refond Statements
30
Shenzhen Refond 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
368.54
100
288.26
78.2
80.283
21.8
27.391
7.4
42.375
11.5
67.138
18.2
13.145
3.6
-1.49
-0.4
0.763
0.2
6.378
1.7
12.371
3.4
-8.192
-2.2
-0.012
683.63
373.64
100
318.58
85.3
55.064
14.7
24.866
6.7
37.259
10
72.578
19.4
-17.514
-4.7
13.891
3.7
-0.132
-0.04
-3.756
-1.005
-8.973
-2.4
5.415
1.4
0.008
686.76
305.49
100
269.4
88.2
36.088
11.8
27.95
9.1
37.49
12.3
54.653
17.9
-18.565
-6.08
1.35
0.4
-0.296
-0.1
-17.494
-5.7
-1.747
-0.6
-15.753
-5.2
-0.023
684.76
302.46
100
260.4
86.1
42.061
13.9
31.621
10.5
38.68
12.8
63.399
21
-21.338
-7.05
3.303
1.1
2.284
0.8
-16.197
-5.4
-0.716
-0.2
-14.982
-5
-0.022
689.31
383.82
100
314.14
81.8
69.68
18.2
28.215
7.4
49.022
12.8
72.887
19
-3.207
-0.8
9.98
2.6
-1.261
-0.3
7.653
2
-3.067
-0.8
11.501
3
0.017
684.44
340.06
100
290.98
85.6
49.074
14.4
25.34
7.5
39.286
11.6
32.887
9.7
16.187
4.8
5.074
1.5
-0.327
-0.1
21.925
6.4
1.644
0.5
20.834
6.1
0.03
687.44
309.44
100
269.07
87
40.37
13
24.486
7.9
35.593
11.5
45.59
14.7
-5.22
-1.7
0.136
0.04
-0.343
-0.1
-5.426
-1.8
-1.578
-0.5
-3.63
-1.2
-0.005
683.39
374.3
100
303.75
81.2
70.548
18.8
26.885
7.2
52.1
13.9
-14.051
-3.8
84.599
22.6
-21.771
-5.8
-0.263
-0.07
63.296
16.9
17.148
4.6
46.558
12.4
0.058
798.59
379.46
100
315.12
83
64.342
17
24.595
6.5
44.563
11.7
67.852
17.9
-3.509
-0.9
17.098
4.5
0.01
0.003
15.217
4
-1.205
-0.3
15.618
4.1
0.029
543.38
410.42
100
328.62
80.1
81.793
19.9
30.602
7.5
41.047
10
65.407
15.9
16.386
4
1.851
0.5
-0.259
-0.06
18.095
4.4
-2.555
-0.6
20.302
4.9
0.037
542.24
308.1
100
250.3
81.2
57.8
18.8
28.3
9.2
26.9
8.7
50.9
16.5
6.8
2.2
6.9
2.2
0.1
0.03
13.8
4.5
-1.4
-0.5
14.7
4.8
0.03
535.9
354.3
100
291.2
82.2
63.1
17.8
23.8
6.7
40.4
11.4
59.5
16.8
3.6
1
2.2
0.6
-0.9
-0.3
3.6
1
-2.2
-0.6
6.1
1.7
0.01
554.3
362.9
100
283.8
78.2
79.1
21.8
33.9
9.3
35.8
9.9
64.7
17.8
14.4
4
-1.2
-0.3
-0.1
-0.03
13.1
3.6
-2.7
-0.7
16
4.4
0.03
535.8
286.7
100
235.8
82.2
50.9
17.8
18.6
6.5
21.3
7.4
30.5
10.6
20.4
7.1
1.4
0.5
-0.5
-0.2
21.2
7.4
1.7
0.6
18.8
6.6
0.04
536.8
229
100
195
85.2
34
14.8
15.3
6.7
16.5
7.2
28.5
12.4
5.5
2.4
-0.5
-0.2
1.3
0.6
6.2
2.7
-0.4
-0.2
7.2
3.1
0.01
534.7
365.5
100
297.7
81.5
67.9
18.6
15.4
4.2
51.7
14.1
219.8
60.1
-152
-41.6
0.4
0.1
-0.3
-0.08
-173
-47.3
-16.8
-4.6
-159.6
-43.7
-0.3
534.7
351.1
100
293.6
83.6
57.5
16.4
28.6
8.1
42.4
12.1
69.7
19.9
-12.2
-3.5
6.8
1.9
-0.3
-0.09
-6.1
-1.7
-2.7
-0.8
-4
-1.1
-0.01
534.7
345.8
100
271.7
78.6
74.1
21.4
21.3
6.2
33.8
9.8
51.5
14.9
22.6
6.5
2.2
0.6
-0.8
-0.2
24
6.9
3
0.9
21.2
6.1
0.04
549.3
309.5
100
260.4
84.1
49.1
15.9
16.8
5.4
28.9
9.3
33.3
10.8
15.8
5.1
6.9
2.2
-4
-1.3
18.3
5.9
2.5
0.8
16.4
5.3
0.03
552.6
422.1
100
329
77.9
93
22
28.1
6.7
25.9
6.1
104.4
24.7
-11.4
-2.7
-0.4
-0.09
-1.9
-0.5
-13.7
-3.2
0.1
0.02
-13.8
-3.3
-0.03
552.6
403.1
100
325.8
80.8
77.3
19.2
33.6
8.3
33.3
8.3
47.3
11.7
30
7.4
3.7
0.9
-0.2
-0.05
33.4
8.3
2.3
0.6
31.5
7.8
0.06
537.7
406.6
100
337.4
83
69.2
17
—
0
48.1
11.8
25.4
6.2
43.8
10.8
3.6
0.9
-0.1
-0.02
47.2
11.6
7.8
1.9
40
9.8
0.08
487.5
330.3
100
270.2
81.8
60.1
18.2
—
0
40.2
12.2
21.7
6.6
38.4
11.6
-5.8
-1.8
—
0
32.6
9.9
4.4
1.3
28.6
8.7
0.05
553.4
371.1
100
287.3
77.4
83.8
22.6
14.6
3.9
29.5
7.9
48.3
13
35.5
9.6
15.4
4.1
-0.9
-0.2
49.5
13.3
2.1
0.6
47.7
12.9
0.09
519.5
425.1
100
350.7
82.5
74.4
17.5
13.3
3.1
30.1
7.1
22.4
5.3
52
12.2
-0.7
-0.2
—
0
51.2
12
9.6
2.3
42.1
9.9
0.08
553.3
436.7
100
366
83.8
70.7
16.2
—
0
48.8
11.2
39.9
9.1
30.8
7.1
-0.8
-0.2
-0.2
-0.05
29.9
6.8
6.1
1.4
24.3
5.6
0.05
504.2
350.7
100
291.7
83.2
59.1
16.9
—
0
42.9
12.2
32.7
9.3
26.3
7.5
-0.4
-0.1
—
0
25.9
7.4
6
1.7
20.1
5.7
0.04
504.2
339.6
100
278.2
81.9
61.4
18.1
—
0
42.7
12.6
60.1
17.7
1.3
0.4
2.5
0.7
0.3
0.09
2.6
0.8
0.8
0.2
2.1
0.6
—
504.2
320.6
100
260.9
81.4
59.6
18.6
—
0
35.5
11.1
37.1
11.6
22.5
7
1.4
0.4
4.2
1.3
27.7
8.6
3.3
1
24.3
7.6
0.04
553.4
289.9
100
241.2
83.2
48.7
16.8
—
0
36.7
12.7
50.4
17.4
-1.7
-0.6
1.1
0.4
8.3
2.9
7.7
2.7
0.6
0.2
7
2.4
0.01
504.2
229.3
100
179.3
78.2
50
21.8
—
0
29.4
12.8
31.4
13.7
18.6
8.1
-0.2
-0.09
1.1
0.5
19.5
8.5
2.7
1.2
16.7
7.3
0.04
459.6
229
100
194.4
84.9
34.6
15.1
—
0
25.4
11.1
32.3
14.1
2.3
1
0.3
0.1
2.9
1.3
5.5
2.4
—
0
5.6
2.4
0.01
436.9
229.4
100
198.5
86.5
30.9
13.5
—
0
28.8
12.6
28.8
12.6
2.1
0.9
1.7
0.7
3.8
1.7
7.6
3.3
1.5
0.7
6
2.6
0.01
440.3
273.3
100
232.8
85.2
40.5
14.8
—
0
26.3
9.6
29.1
10.6
11.4
4.2
-1
-0.4
3
1.1
13.4
4.9
0.2
0.07
13.1
4.8
0.03
440.3
189.3
100
156.1
82.5
33.1
17.5
—
0
25.5
13.5
25.5
13.5
7.7
4.1
0.1
0.05
1.5
0.8
9.3
4.9
0.7
0.4
8.5
4.5
0.02
422.4
218.4
100
193.9
88.8
24.5
11.2
—
0
34
15.6
40.4
18.5
-15.9
-7.3
-6.3
-2.9
1.5
0.7
-20.7
-9.5
-4.4
-2.01
-16.3
-7.5
-0.04
433.4
278
100
225.6
81.2
52.4
18.8
—
0
26.4
9.5
29.4
10.6
23
8.3
-2.3
-0.8
1.7
0.6
22.4
8.1
3.2
1.2
19.2
6.9
0.04
433.4
246.3
100
200.3
81.3
45.9
18.6
—
0
30.6
12.4
32.2
13.1
13.8
5.6
0.3
0.1
2.8
1.1
16.9
6.9
3.1
1.3
13.8
5.6
0.03
433.6
164.2
100
137.9
84
26.3
16
—
0
21.4
13
21.4
13
4.9
3
0.2
0.1
2.8
1.7
7.9
4.8
0.8
0.5
7.1
4.3
0.02
433.6
180.3
100
145.1
80.5
35.2
19.5
—
0
25.9
14.4
27.8
15.4
7.4
4.1
1.2
0.7
4
2.2
12.6
7
1.4
0.8
11.2
6.2
0.03
433.7
207.3
100
167.5
80.8
39.7
19.2
—
0
23
11.1
23
11.1
16.8
8.1
0.9
0.4
4.7
2.3
22.3
10.8
3.1
1.5
19.2
9.3
0.04
433.7