China Information Tech Revenue, Profits - CNIT Annual Income Statement

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$1.97 $0.05 (2.6%) CNIT stock closing price Mar 21, 2018 (Closing)

Financial analysis of China Information Tech involves more than just checking the China Information Tech stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue decrease to $10.19M for 2016 impacts the CNIT stock. Investors typically check year over year or quarter over quarter revenue growth. The operating expenses as shown in the China Information Tech profit and loss statement for 2016 total to $17.15M. This line item shows that the operating expenses has decreased compared with last year. Also check: China Information Tech assets and China Information Tech free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Fiscal year is Jan - Dec201620152014201320122011201020092008
China Information Tech Revenues or Net Sales
Cost Of Goods Sold (COGS)7.6M6.38M45.68M58.87M65.87M70.21M93.28M50.34M46.22M
China Information Tech Gross Profit
Research & Development Expense3.04M3.44M3.03M2.91M4.95M4.48M3.01M2.7M2.59M
Selling General & Admin Expense14.11M18.5M37.47M131.72M101.22M30.3M24.98M15.78M12.59M
Income Before Depreciation Depletion Amortization-14.57M-18.04M-18.04M-117.36M-85.67M9.52M42.56M32.15M23.88M
Depreciation Depletion Amortization-8.91M11.91M2M-----
Non Operating Income-3.38M25.69M2.41M4.62M-2.79M2.31M2.25M1.15M
Interest Expense-3.11M6.59M5.55M4.64M2.94M1.53M--
China Information Tech Pretax Income
Provision for Income Taxes-4.3M-4.38M1.89M--7.86M3.88M1.54M
Investment Gains Losses---------
Other Income---------
Income Before Extraordinaries & Disc Operations-18.52M-8.69M-29.75M-122.2M-90.62M8.57M35.47M30.13M23.06M
Extraordinary Items & Discontinued Operations-1.49M-------
China Information Tech Profit/ Loss (Net Income)
Average Shares used to compute Diluted EPS40.38M34.11M30.6M27.36M27.02M26.97M26.07M24.34M23.43M
Average Shares used to compute Basic EPS40.38M34.11M30.6M27.36M27.02M26.74M25.91M24.34M23.2M
Income Before Nonrecurring Items-11.56M-9.9M1.34M-18.05M-46.8M7.36M35.39M30.77M24.42M
Income from Nonrecurring Items-6.61M--30.57M-101.18M-42.83M--0.99M-0.68M-1.36M
China Information Tech Earnings Per Share Basic Net
China Information Tech Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items-0.29-0.290.04-0.66-1.730.271.361.261.04
Preferred Dividends Acc Pd---------
Dividends Common---------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.
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Click here to view our MSA Safety financial analysis

The key things to look for in an income statement while doing China Information Tech stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that CNIT stock has a topline or revenue of $10.19M for 2016 as per this China Information Tech revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: Most businesses like China Information Tech try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called the profit and loss statement. Apart from the CNIT income statement, one can check the China Information Tech historical stock prices to check how the price has moved with time.

China Information Tech Income Statement - Key Financial Ratios

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