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  • Profit and Loss Statement (2015-2017)

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    The Sinosteel Luoyang Institute of Refractories Research Co., Ltd. profit and loss statement shows that in 2017 the company had a gross revenue of CNY 657,017,851.85, total operating costs of CNY 659,105,727.03 resulting in an operating profit of CNY 4,071,214.34. After adding other income and subtracting taxes, the company had a net profit of CNY 1,450,245.72 in 2017, an improvement from the net loss of CNY 524,554.83 in 2016.

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    Profit and Loss Statement(2015-2017)

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    The Sinosteel Luoyang Institute of Refractories Research Co., Ltd. profit and loss statement shows that in 2017 the company had a gross revenue of CNY 657,017,851.85, total operating costs of CNY 659,105,727.03 resulting in an operating profit of CNY 4,071,214.34. After adding other income and subtracting taxes, the company had a net profit of CNY 1,450,245.72 in 2017, an improvement from the net loss of CNY 524,554.83 in 2016.

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    23 views2 pages

    Profit and Loss Statement (2015-2017)

    Uploaded by

    venus garg
    The Sinosteel Luoyang Institute of Refractories Research Co., Ltd. profit and loss statement shows that in 2017 the company had a gross revenue of CNY 657,017,851.85, total operating costs of CNY 659,105,727.03 resulting in an operating profit of CNY 4,071,214.34. After adding other income and subtracting taxes, the company had a net profit of CNY 1,450,245.72 in 2017, an improvement from the net loss of CNY 524,554.83 in 2016.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Sinosteel Luoyang Institute of Refractories Research Co., Ltd.

    43# Xiyuan Road, Jianxi District, Luoyang, Henan, 471039, China

    Profit and Loss Statement(2015-2017)


    Unit:CNY
    Item NO. 2017 2016 2015
    Ⅰ.Gross revenue 1 657,017,851.85 538,775,380.39 594,237,902.44
    Including:operating income 2 657,017,851.85 538,775,380.39 594,237,902.44
    △ Interest income 3 - - -
    △ Earned premium 4 - - -
    △ Fee and commission income 5 - - -
    Ⅱ.Total operating costs 6 659,105,727.03 539,837,814.56 589,448,355.01
    Including: operating costs 7 523,679,173.72 425,965,402.70 458,918,607.23
    △ Interest expenditure 8 - - -
    △ Fee and commission expenditure 9 - - -
    △ Surrender Value 10 - - -
    △ Net payments for insurance claims 11 - - -
    △ Net provision insurance contracts 12 - - -
    △ Commissions on insurance policies 13 - - -
    △ Cession charges 14 - - -
    Tax and additions 15 7,762,946.26 6,404,123.68 4,569,985.65
    Selling and dsitribution expenses 16 46,422,485.77 37,368,200.13 40,230,858.90
    General and administrative expenses 17 67,612,202.52 54,997,885.12 65,702,043.04
    Including: research and development expenses 18 18,643,634.15 13,687,018.66 23,124,973.67
    Funds for Party construction work 19 - -
    Financial expenses 20 9,380,206.20 12,631,232.06 16,415,932.92
    Including: interest expenditure 21 7,774,940.60 16,129,853.12 20,736,394.06
    Interest income 22 181,339.96 1,728,709.14 2,149,370.96
    Net loss of remittance (net income expressed
    with "-") 23 1,465,207.28 -2,089,516.02 -2,306,689.32
    Assets impairment loss 24 4,248,712.56 2,470,970.87 3,610,927.27
    Other 25 - - -
    Plus: fair value change income (loss expressed
    with "-"). 26 - - -
    Investment returns (losses expressed with "-") 27 - - -
    Including: investment income for joint ventures and
    joint ventures 28 - - -
    △ Exchange earnings (losses expressed with "-") 29 - - -
    Other income 30 6,159,089.52 -
    Ⅲ.Operating profits (losses expressed with "-") 31 4,071,214.34 -1,062,434.17 4,789,547.43
    Plus : out of business revenue 32 3,056,652.78 5,123,995.22 6,366,292.36
    Including: the disposal of non current assets is
    profitable 33 288,636.96 452,483.50 9,335.48
    Non monetary asset exchange gains 34 - - -
    Government subsidies 35 1,972,071.36 4,484,956.81 5,558,943.48
    Debt restructuring profit 36 16,450.00 - -
    Less: out of business expenditure 37 884,143.33 1,005,248.91 895,409.02
    Including: loss of the disposal of non current 38 100,600.71 29,653.78 644,627.07
    Non monetary assets exchange loss 39 - - -
    Debt restructuring loss 40 695,988.42 175,982.92 250,209.95
    Ⅳ.Total profit (total loss expressed with "-"). 41 6,243,723.79 3,056,312.14 10,260,430.77
    Less: income tax costs 42 4,793,478.07 3,580,866.97 1,702,975.76
    Ⅴ.Net profit (net loss expressed with "-") 43 1,450,245.72 -524,554.83 8,557,455.01
    Net profit attributable to the owner of a parent
    company 44 -6,843,968.47 -4,300,981.01 4,858,652.70
    * Profit and loss of minority shareholders 45 8,294,214.19 3,776,426.18 3,698,802.31

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