GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chongqing Changan Automobile Co Ltd (SZSE:000625) » Definitions » Net Income

Chongqing Changan Automobile Co (SZSE:000625) Net Income : ¥5,515 Mil (TTM As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Chongqing Changan Automobile Co 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. Chongqing Changan Automobile Co's Net Income for the three months ended in Mar. 2024 was ¥1,158 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was ¥5,515 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Chongqing Changan Automobile Co's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was ¥0.12.


Chongqing Changan Automobile Co Net Income Historical Data

The historical data trend for Chongqing Changan Automobile Co'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.

* Premium members only.

Chongqing Changan Automobile Co Net Income Chart

Chongqing Changan Automobile Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,646.72 3,324.25 3,552.46 7,798.79 11,327.46

Chongqing Changan Automobile Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,970.20 682.78 2,229.43 1,445.06 1,158.06

Chongqing Changan Automobile Co 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

Chongqing Changan Automobile Co's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=10589.197+-1087.298+0+1825.564
=11,327

Chongqing Changan Automobile Co's Net Income for the quarter that ended in Mar. 2024 is calculated as

Net Income(Q: Mar. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=812.978+42.502+0+302.581
=1,158

Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥5,515 Mil.

* 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.


Chongqing Changan Automobile Co  (SZSE:000625) 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:

Chongqing Changan Automobile Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as

* 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.

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.


Chongqing Changan Automobile Co Net Income Related Terms

Thank you for viewing the detailed overview of Chongqing Changan Automobile Co's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Chongqing Changan Automobile Co (SZSE:000625) Business Description

Traded in Other Exchanges
Address
No. 260, East Jianxin Road, Jiangbei District, Chongqing, CHN, 400023
Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. It has 14 production bases and 33 vehicle, engine and transmission factories around the world. The company has a vast majority of engineering and technical personnel around the world and has established Chongqing, Beijing, Hebei Dingzhou, Anhui Hefei, Italy Turin, Japan Yokohama, UK Birmingham, us Detroit and Germany Munich. It has a professional automobile R&D process system and test verification system to ensure that each product can meet the needs of its users. The company has launched CS series, Eado series, UNI series and other products. In the field of intelligence, the Beidou Tianshu Plan provides users with a four-hearted car platform that is safe, happy, caring, and worry-free.

Chongqing Changan Automobile Co (SZSE:000625) Headlines

No Headlines