1569 Income Statement - TTM - Minsheng Education Group Company Limited

Income Statement (TTM)

Minsheng Education Group Company Limited Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	1,064	1,107	1,455	1,803	2,098	2,394	2,412	2,430	2,392	2,354	2,321	2,289	2,321	2,352	2,288	2,223	2,085	1,947	1,855	1,762
Change (%)		4.01	31.40	23.90	16.41	14.09	0.75	0.75	-1.56	-1.59	-1.38	-1.40	1.39	1.37	-2.75	-2.82	-6.21	-6.62	-4.75	-4.99
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	523	540	678	815	926	1,037	1,051	1,066	1,072	1,079	1,051	1,023	1,057	1,092	1,100	1,107	1,092	1,077	1,097	1,117
Change (%)		3.36	25.48	20.31	13.59	11.96	1.38	1.36	0.61	0.61	-2.59	-2.66	3.38	3.27	0.69	0.68	-1.36	-1.38	1.88	1.84
% of Revenue	49.09	48.78	46.59	45.24	44.14	43.32	43.59	43.86	44.83	45.83	45.27	44.69	45.57	46.42	48.06	49.80	52.37	55.31	59.16	63.41

Gross Operating Profit	542	567	777	987	1,172	1,357	1,361	1,364	1,320	1,275	1,271	1,266	1,263	1,260	1,188	1,116	993	870	758	645
Change (%)		4.64	37.04	27.03	18.73	15.78	0.27	0.27	-3.27	-3.38	-0.36	-0.36	-0.23	-0.23	-5.72	-6.07	-11.01	-12.38	-12.95	-14.88
% of Revenue	50.91	51.22	53.41	54.76	55.86	56.68	56.41	56.14	55.17	54.17	54.73	55.31	54.43	53.58	51.94	50.20	47.63	44.69	40.84	36.59

SG&A	218	227	334	440	575	711	727	744	749	754	762	771	763	755	744	733	704	675	631	587
Change (%)		4.17	46.98	31.96	30.71	23.49	2.37	2.31	0.63	0.62	1.14	1.13	-1.04	-1.05	-1.47	-1.49	-3.94	-4.10	-6.51	-6.96
% of Revenue	20.47	20.50	22.93	24.43	27.43	29.69	30.16	30.63	31.31	32.01	32.83	33.68	32.87	32.09	32.51	32.96	33.76	34.66	34.03	33.32

R&D
Change (%)
% of Revenue

OpEx	759	790	1,042	1,294	1,536	1,778	1,812	1,847	1,843	1,839	1,810	1,780	1,822	1,864	1,887	1,910	1,855	1,799	1,757	1,714
Change (%)		4.09	31.96	24.22	18.69	15.75	1.93	1.89	-0.21	-0.21	-1.60	-1.63	2.36	2.30	1.24	1.23	-2.91	-3.00	-2.35	-2.41
% of Revenue	71.26	71.31	71.62	71.80	73.21	74.27	75.14	76.00	77.04	78.13	77.95	77.77	78.51	79.24	82.49	85.93	88.95	92.39	94.72	97.28

Operating Income	306	318	413	508	562	616	600	583	549	515	512	509	499	488	401	313	230	148	98	48
Change (%)		3.81	30.01	23.08	10.59	9.58	-2.65	-2.72	-5.87	-6.23	-0.58	-0.58	-2.02	-2.06	-17.98	-21.92	-26.32	-35.72	-33.85	-51.17
% of Revenue	28.74	28.69	28.38	28.20	26.79	25.73	24.86	24.00	22.96	21.87	22.05	22.23	21.49	20.76	17.51	14.07	11.05	7.61	5.28	2.72

Interest Expense	-85	-87	-97	-106	-118	-131	-137	-144	-154	-164	-178	-191	-183	-175	-159	-143	-140	-136	-136	-135
Change (%)		2.46	11.15	10.03	11.35	10.19	5.09	4.85	6.91	6.46	8.48	7.81	-4.33	-4.53	-9.17	-10.10	-2.26	-2.31	-0.39	-0.39
% of Revenue	-7.98	-7.86	-6.65	-5.90	-5.65	-5.45	-5.69	-5.92	-6.43	-6.96	-7.65	-8.37	-7.89	-7.43	-6.94	-6.42	-6.69	-7.00	-7.32	-7.68

Net Income	251	131	205	279	428	577	555	532	511	490	467	443	291	139	45	-49	-24	1	-53	-108
Change (%)		-47.65	56.12	35.95	53.38	34.80	-3.85	-4.01	-3.98	-4.14	-4.77	-5.01	-34.34	-52.29	-67.62	-208.83	-51.22	-104.98	-4,574.66	102.23
% of Revenue	23.59	11.87	14.11	15.48	20.40	24.10	23.00	21.91	21.37	20.82	20.10	19.37	12.54	5.90	1.97	-2.20	-1.14	0.06	-2.87	-6.11

Source: Capital IQ

Minsheng Education Group Company Limited - Income Statement (TTM)

Income Statement (TTM)