2023 Income Statement - TTM - China Ludao Technology Company Limited

Income Statement (TTM)

China Ludao Technology 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	512	566	591	615	546	476	431	386	460	535	627	719	713	706	779	852	880	907	929	951
Change (%)		10.59	4.29	4.12	-11.26	-12.69	-9.51	-10.50	19.29	16.17	17.28	14.73	-0.95	-0.96	10.39	9.41	3.20	3.10	2.42	2.37
% 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	355	385	407	429	389	348	327	307	379	451	528	605	589	573	646	720	742	765	785	805
Change (%)		8.58	5.74	5.43	-9.51	-10.51	-5.90	-6.26	23.55	19.06	17.03	14.55	-2.68	-2.75	12.83	11.37	3.15	3.06	2.60	2.53
% of Revenue	69.29	68.03	68.98	69.84	71.23	73.01	75.92	79.52	82.36	84.41	84.23	84.09	82.63	81.14	82.94	84.43	84.39	84.36	84.51	84.64

Gross Operating Profit	157	181	183	185	157	129	104	79	81	83	99	114	124	133	133	133	137	142	144	146
Change (%)		15.14	1.22	1.20	-15.33	-18.10	-19.27	-23.87	2.75	2.68	18.63	15.71	8.15	7.54	-0.14	-0.14	3.43	3.31	1.47	1.45
% of Revenue	30.71	31.97	31.02	30.16	28.77	26.99	24.08	20.48	17.64	15.59	15.77	15.91	17.37	18.86	17.06	15.57	15.61	15.64	15.49	15.36

SG&A	87	99	102	106	99	91	84	76	80	83	87	91	88	84	85	85	89	92	97	101
Change (%)		13.12	3.66	3.53	-6.86	-7.37	-8.31	-9.07	4.45	4.26	4.57	4.37	-3.43	-3.55	0.38	0.38	4.32	4.14	4.73	4.52
% of Revenue	17.05	17.44	17.33	17.24	18.09	19.20	19.45	19.76	17.30	15.53	13.85	12.60	12.28	11.96	10.88	9.98	10.09	10.19	10.42	10.64

R&D
Change (%)
% of Revenue

OpEx	435	475	503	530	482	434	398	362	439	516	604	692	668	644	706	769	810	851	875	899
Change (%)		9.19	5.78	5.46	-9.05	-9.95	-8.30	-9.05	21.24	17.52	16.98	14.52	-3.43	-3.55	9.68	8.82	5.32	5.05	2.85	2.77
% of Revenue	85.04	83.96	85.16	86.26	88.41	91.19	92.41	93.91	95.44	96.54	96.30	96.11	93.71	91.26	90.67	90.18	92.04	93.79	94.18	94.55

Operating Income	77	91	88	84	63	42	33	24	21	18	23	28	45	62	73	84	70	56	54	52
Change (%)		18.55	-3.49	-3.62	-25.17	-33.64	-21.98	-28.18	-10.66	-11.94	25.62	20.39	60.27	37.61	17.82	15.13	-16.35	-19.54	-4.02	-4.19
% of Revenue	14.96	16.04	14.84	13.74	11.59	8.81	7.59	6.09	4.56	3.46	3.70	3.89	6.29	8.74	9.33	9.82	7.96	6.21	5.82	5.45

Interest Expense	-20	-19	-17	-16	-17	-17	-16	-15	-15	-14	-15	-16	-14	-11	-12	-13	-11	-9	-5	-2
Change (%)		-6.60	-6.08	-6.47	3.69	3.55	-6.08	-6.47	-5.52	-5.85	7.66	7.11	-13.66	-15.83	6.86	6.42	-14.33	-22.15	-38.31	-62.10
% of Revenue	-3.87	-3.27	-2.95	-2.65	-3.09	-3.67	-3.81	-3.98	-3.15	-2.55	-2.34	-2.19	-1.91	-1.62	-1.57	-1.53	-1.27	-0.96	-0.58	-0.21

Net Income	40	41	38	36	36	35	34	33	28	22	27	31	37	44	49	55	53	51	52	53
Change (%)		1.50	-5.49	-5.81	-0.80	-0.80	-3.48	-3.60	-16.21	-19.34	18.88	15.88	20.86	17.26	13.04	11.53	-3.32	-3.43	1.53	1.50
% of Revenue	7.80	7.15	6.48	5.87	6.56	7.45	7.95	8.56	6.01	4.17	4.23	4.27	5.22	6.17	6.32	6.45	6.04	5.66	5.61	5.56

Source: Capital IQ

China Ludao Technology Company Limited - Income Statement (TTM)

Income Statement (TTM)