China HK Power Smart Energy Group (China HK Power Smart Energy Group) Net Income : $-18.11 Mil (TTM As of Sep. 2023)

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What is China HK Power Smart Energy Group Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. China HK Power Smart Energy Group's Net Income for the six months ended in Sep. 2023 was $-6.03 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-18.11 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. China HK Power Smart Energy Group's Earnings per Share (Diluted) for the six months ended in Sep. 2023 was $-0.00.

China HK Power Smart Energy Group Net Income Historical Data

The historical data trend for China HK Power Smart Energy Group's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China HK Power Smart Energy Group Net Income Chart

China HK Power Smart Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Mar19

Mar20

Mar21

Mar22

Mar23

Net Income

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-32.48

-10.59

-25.41

-21.30

China HK Power Smart Energy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Net Income	Get a 7-Day Free Trial															-11.77	-13.71	-9.22	-12.08	-6.03

China HK Power Smart Energy Group Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

China HK Power Smart Energy Group's Net Income for the fiscal year that ended in Mar. 2023 is calculated as

	Net Income		(A: Mar. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-23.296	+	0.237	+	0	+	1.757
=	-21.30

China HK Power Smart Energy Group's Net Income for the quarter that ended in Sep. 2023 is calculated as

	Net Income		(Q: Sep. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	-7.468	+	0.001	+	0	+	1.436
=	-6.03

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-18.11 Mil.

China HK Power Smart Energy Group (OTCPK:CHNTF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

China HK Power Smart Energy Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

Earnings per Share (Diluted) (Q: Sep. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(-6.031	-	0)	/	5743.797
	=	-0.00

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

China HK Power Smart Energy Group Net Income Related Terms

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China HK Power Smart Energy Group (China HK Power Smart Energy Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China HK Power Smart Energy Group Ltd (OTCPK:CHNTF) » Definitions » Net Income

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00931:Hong Kong

Address

33 Garden Road, St. John's Building, 8th Floor, Central, Hong Kong, HKG

Website

https://www.chinalng.todayir.com/en/index.php

China HK Power Smart Energy Group Ltd Formerly China LNG Group Ltd is engaged in the development of new energy businesses, which include investment, construction & operation of liquefied natural gas infrastructure, and financial leasing services. Its segments include financial services through finance leasing services for LNG vehicles, vessels, and equipment, provision of LNG in the downstream market, provision of commercial vehicle platform services, trading of securities, properties investment, and financial services through the provision of money lending business & LNG business which is Sales & distribution of LNG including wholesale of LNG, point-to-point supply of LNG, LNG pipeline network and provision of LNG logistic services in the PRC. The majority of revenue is from LNG business.

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