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Bairong (HKSE:06608) Net Income : HK$299 Mil (TTM As of Jun. 2024)


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What is Bairong 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. Bairong's Net Income for the six months ended in Jun. 2024 was HK$151 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was HK$299 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Bairong's Earnings per Share (Diluted) for the six months ended in Jun. 2024 was HK$0.31.


Bairong Net Income Historical Data

The historical data trend for Bairong'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.

Bairong Net Income Chart

Bairong Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial -103.67 -131.06 -4,411.78 267.63 372.39

Bairong Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 115.96 157.16 224.50 147.89 150.67

Bairong 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

Bairong'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
=367.747+-1.048+0+5.688
=372

Bairong's Net Income for the quarter that ended in Jun. 2024 is calculated as

Net Income(Q: Jun. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=165.203+-11.437+0+-3.097
=151

Net Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$299 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.


Bairong  (HKSE:06608) 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:

Bairong's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 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.


Bairong Net Income Related Terms

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Bairong Business Description

Traded in Other Exchanges
N/A
Address
No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN
Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.
Executives
Hong Jing 2201 Interest of corporation controlled by you
Zhang Shaofeng 2101 Beneficial owner
Genisage Tech Inc. 2101 Beneficial owner
Genisage Holdings Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd. 2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p. 2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited 2101 Beneficial owner
China International Capital Corporation Limited 2201 Interest of corporation controlled by you
Shanghai Zhexuan Investment Partnership (l.p.) 2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.) 2201 Interest of corporation controlled by you
Max Elegant Limited 2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited 2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p. 2201 Interest of corporation controlled by you
Zhou Kui 2201 Interest of corporation controlled by you

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