Longxing Historical Income Statement

002442 Stock   5.63  0.05  0.88%   
Historical analysis of Longxing Chemical income statement accounts such as Selling General Administrative of 125 M, Total Revenue of 2.9 B or Operating Income of 149.6 M can show how well Longxing Chemical Stock performed in making a profits. Evaluating Longxing Chemical income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Longxing Chemical's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Longxing Chemical Stock latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Longxing Chemical Stock is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Longxing Chemical Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Longxing Income Statement Analysis

Longxing Chemical Stock Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Longxing Chemical shareholders. The income statement also shows Longxing investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Longxing Chemical Income Statement Chart

At present, Longxing Chemical's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 16.4 M, whereas Interest Expense is forecasted to decline to about 30.6 M.

Operating Income

Operating Income is the amount of profit realized from Longxing Chemical Stock operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Longxing Chemical Stock is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Longxing Chemical Stock income statement and represents the costs associated with goods and services Longxing Chemical provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most accounts from Longxing Chemical's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Longxing Chemical Stock current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Longxing Chemical Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At present, Longxing Chemical's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 16.4 M, whereas Interest Expense is forecasted to decline to about 30.6 M.
 2021 2022 2023 2024 (projected)
Operating Income283.2M163.7M196.8M149.6M
Total Revenue3.4B4.6B4.3B2.9B

Longxing Chemical income statement Correlations

-0.58-0.63-0.61-0.61-0.62-0.230.770.61-0.15-0.39-0.43-0.060.69-0.670.19-0.69-0.420.26
-0.580.541.00.460.50.02-0.49-0.490.020.590.490.35-0.740.71-0.230.950.4-0.52
-0.630.540.520.890.90.59-0.64-0.230.590.230.330.52-0.270.810.320.520.75-0.21
-0.611.00.520.440.48-0.02-0.49-0.49-0.020.610.490.3-0.770.69-0.260.960.36-0.53
-0.610.460.890.440.990.65-0.69-0.310.510.220.330.55-0.190.820.30.510.77-0.16
-0.620.50.90.480.990.58-0.67-0.280.460.270.310.54-0.20.840.320.540.79-0.18
-0.230.020.59-0.020.650.58-0.42-0.280.76-0.20.210.540.160.440.30.020.550.12
0.77-0.49-0.64-0.49-0.69-0.67-0.420.55-0.16-0.16-0.51-0.270.51-0.550.39-0.62-0.340.19
0.61-0.49-0.23-0.49-0.31-0.28-0.280.55-0.19-0.06-0.53-0.260.47-0.510.48-0.56-0.30.07
-0.150.020.59-0.020.510.460.76-0.16-0.19-0.290.280.710.250.50.47-0.030.660.19
-0.390.590.230.610.220.27-0.2-0.16-0.06-0.29-0.3-0.04-0.460.31-0.010.580.0-0.33
-0.430.490.330.490.330.310.21-0.51-0.530.28-0.30.28-0.550.45-0.30.530.4-0.38
-0.060.350.520.30.550.540.54-0.27-0.260.71-0.040.280.220.590.220.280.590.14
0.69-0.74-0.27-0.77-0.19-0.20.160.510.470.25-0.46-0.550.22-0.350.45-0.81-0.060.7
-0.670.710.810.690.820.840.44-0.55-0.510.50.310.450.59-0.350.230.720.9-0.28
0.19-0.230.32-0.260.30.320.30.390.480.47-0.01-0.30.220.450.23-0.280.52-0.05
-0.690.950.520.960.510.540.02-0.62-0.56-0.030.580.530.28-0.810.72-0.280.41-0.63
-0.420.40.750.360.770.790.55-0.34-0.30.660.00.40.59-0.060.90.520.41-0.22
0.26-0.52-0.21-0.53-0.16-0.180.120.190.070.19-0.33-0.380.140.7-0.28-0.05-0.63-0.22
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Longxing Chemical Account Relationship Matchups

Longxing Chemical income statement Accounts

201920202021202220232024 (projected)
Interest Expense94.8M84.2M66.9M37.1M52.4M30.6M
Selling General Administrative146.7M52.3M82.9M86.0M81.7M125.0M
Total Revenue2.8B2.3B3.4B4.6B4.3B2.9B
Operating Income31.7M167.9M283.2M163.7M196.8M149.6M
Cost Of Revenue2.5B2.0B2.9B4.2B3.9B2.4B
Income Before Tax23.0M97.3M195.1M114.0M126.3M96.5M
Net Income Applicable To Common Shares19.2M77.5M171.6M103.7M119.2M78.7M
Net Income19.2M77.5M171.6M103.7M110.4M82.0M
Income Tax Expense3.7M19.9M23.4M10.3M11.8M16.4M
Research Development15.9M14.0M25.2M27.7M28.1M23.1M
Tax Provision3.7M19.9M23.4M10.3M15.9M13.4M
Net Interest Income(54.3M)(53.5M)(42.2M)(1.7M)(51.6M)(54.2M)
Interest Income2.7M3.1M2.1M1.9M5.2M3.4M
Gross Profit342.7M326.7M506.9M397.3M409.4M336.9M
Other Operating Expenses15.4M14.6M18.5M11.5M10.4M13.2M
Net Income From Continuing Ops19.2M77.5M171.6M103.7M110.4M95.6M
Ebit62.2M169.5M259.5M163.7M188.3M190.2M
Total Operating Expenses2.7B2.1B3.2B4.4B4.1B3.2B
Ebitda200.2M272.4M349.6M254.9M293.1M304.2M
Reconciled Depreciation124.8M127.5M121.1M103.8M96.7M93.2M

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Other Information on Investing in Longxing Stock

Longxing Chemical Stock Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Longxing Chemical shareholders. The income statement also shows Longxing investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).