Merit Statements
30
Merit 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
98.075
28.031
70.044
38.655
48.207
85.741
-15.697
4.293
-0.016
-11.42
-3.728
-7.425
-0.019
401.02
104.66
100
29.324
28
75.335
72
36.997
35.3
46.959
44.9
82.953
79.3
-7.618
-7.3
10.58
10.1
-0.142
-0.1
2.82
2.7
-5.39
-5.2
6.29
6
0.016
401.99
107.19
100
34.316
32
72.876
68
34.647
32.3
41.576
38.8
74.182
69.2
-1.306
-1.2
1.938
1.8
-0.019
-0.02
0.614
0.6
-2.017
-1.9
1.654
1.5
0.004
392.36
137.63
100
68.423
49.7
69.205
50.3
37.369
27.2
37.55
27.3
73.417
53.3
-4.212
-3.06
12.212
8.9
-0.245
-0.2
7.755
5.6
2.368
1.7
5.359
3.9
0.022
246.42
105.65
100
35.728
33.8
69.926
66.2
39.995
37.9
46.956
44.4
86.185
81.6
-16.259
-15.4
9.324
8.8
-0.501
-0.5
-7.436
-7.04
-0.212
-0.2
-7.1
-6.7
-0.016
454.88
122.76
100
37.476
30.5
85.284
69.5
34.964
28.5
48.123
39.2
80.354
65.5
4.931
4
11.369
9.3
-2.006
-1.6
14.294
11.6
1.894
1.5
11.519
9.4
0.028
408.95
159.85
100
56.679
35.5
103.17
64.5
38.75
24.2
50.162
31.4
85.251
53.3
17.923
11.2
3.223
2
-2.001
-1.3
19.145
12
0.744
0.5
16.509
10.3
0.042
391.86
173.8
100
62.096
35.7
111.7
64.3
36.065
20.8
57.303
33
89.718
51.6
21.983
12.6
7.859
4.5
-2.782
-1.6
27.052
15.6
1.895
1.1
24.96
14.4
0.061
411.08
158.31
100
51.719
32.7
106.6
67.3
30.168
19.1
51.273
32.4
79.358
50.1
27.238
17.2
11.879
7.5
0.077
0.05
39.194
24.8
4.431
2.8
33.428
21.1
0.091
366.84
138.98
100
51.868
37.3
87.109
62.7
31.823
22.9
45.444
32.7
75.009
54
12.1
8.7
29.586
21.3
-0.217
-0.2
41.469
29.8
0.89
0.6
36.421
26.2
0.092
395.46
129.4
100
50.8
39.3
78.6
60.7
30.4
23.5
40.2
31.1
68.1
52.6
10.6
8.2
10.6
8.2
—
0
21.2
16.4
0.2
0.2
19.3
14.9
0.05
400.1
153.9
100
68.7
44.6
85.2
55.4
40.7
26.4
50.7
32.9
93.5
60.8
-8.4
-5.5
10.1
6.6
5.1
3.3
6.9
4.5
-1.9
-1.2
6.8
4.4
0.02
399.3
115.8
100
44.9
38.8
70.9
61.2
33.2
28.7
38.3
33.1
67.7
58.5
3.2
2.8
8.8
7.6
-2.5
-2.2
9.5
8.2
-1.6
-1.4
10.2
8.8
0.03
400.1
129.5
100
49.2
38
80.3
62
29.7
22.9
28.1
21.7
55.8
43.1
24.6
19
7.2
5.6
-3
-2.3
28.8
22.2
0.9
0.7
26.7
20.6
0.07
400.1
102.2
100
30.5
29.8
71.7
70.2
26.7
26.1
28.6
28
49.4
48.3
22.3
21.8
11.8
11.5
-2.5
-2.4
31.6
30.9
2.1
2.1
28.2
27.6
0.07
400.1
159.3
100
50.2
31.5
109.1
68.5
41.3
25.9
124.2
78
154.7
97.1
-45.6
-28.6
8.6
5.4
-3
-1.9
-40
-25.1
-22.8
-14.3
-20.1
-12.6
-0.05
400.1
109.7
100
30.6
27.9
79.2
72.2
32.3
29.4
32.4
29.5
64.6
58.9
14.5
13.2
10
9.1
-1.8
-1.6
22.8
20.8
1.2
1.1
20
18.2
0.05
400.1
98.3
100
25
25.4
73.3
74.6
27.5
28
29.7
30.2
54.5
55.4
18.7
19
9.3
9.5
-1.8
-1.8
26.2
26.7
2
2
22.8
23.2
0.06
400.1
133.6
100
35.2
26.3
98.4
73.7
23.4
17.5
21.3
15.9
44.8
33.5
53.6
40.1
6.3
4.7
-1.1
-0.8
58.8
44
5
3.7
53.2
39.8
0.13
400.1