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BGRIMM Technology Co (SHSE:600980) Net Income : ¥88.6 Mil (TTM As of Mar. 2024)


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What is BGRIMM Technology 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. BGRIMM Technology Co's Net Income for the three months ended in Mar. 2024 was ¥19.6 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was ¥88.6 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. BGRIMM Technology Co's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was ¥0.10.


BGRIMM Technology Co Net Income Historical Data

The historical data trend for BGRIMM Technology 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.

BGRIMM Technology Co Net Income Chart

BGRIMM Technology 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 45.42 47.87 94.46 83.51 91.75

BGRIMM Technology 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 22.84 22.03 26.77 20.11 19.64

BGRIMM Technology 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

BGRIMM Technology 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
=104.212+-12.755+0+0.29299999999999
=91.8

BGRIMM Technology 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
=25.111+-5.508+0+0.039999999999999
=19.6

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 ¥88.6 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.


BGRIMM Technology Co  (SHSE:600980) 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:

BGRIMM Technology 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.


BGRIMM Technology Co Net Income Related Terms

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BGRIMM Technology Co (SHSE:600980) Business Description

Traded in Other Exchanges
N/A
Address
No. 188, South Fourth Ring Road West, 4th Floor, Building 23, Area 18, Fengtai District, Beijing, CHN, 100160
BGRIMM Technology Co Ltd, formerly BGRIMM Magnetic Materials & Technology Co Ltd is a China-based company. Its business activities are divided into mining equipment and magnetic materials division. Mining equipment division is engaged in research and development, production, and supporting technical consulting services for mining equipment. Its business scope includes flotation equipment, magnetic separation equipment, ore dressing auxiliary equipment, leaching tanks and other mining and smelting products. Magnetic materials division is engaged in the research and development, production, sales and comprehensive services of magnetic materials and devices. Magnetic material products include sintering permanent magnet ferrite, injection magnetic, and magnetic information recording material.
Executives
Sheng Zhong Yi Director
Lu Shi Jie senior management
Ran Hong Xiang senior management
Liu Yong Zhen Director
Luo Xiu Jian Director
Li Bing Shan Director
Liang Dian Yin Director
Li Hong Fa senior management

BGRIMM Technology Co (SHSE:600980) Headlines

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