PDF《江南水务 （601199.CH）》

573 749

856 1,250 1,731 - Cost of Goods Sold

263 334

361 521

718 Gross Income

310 416

494 729 1,013 - Selling, General &

Admin Expenses

153 186

176 313

433 Operating Income

157 229

319 417

580 - Interest Expense

0 0

0 0

0 - Net Non-Operating Losses (Gains) -39 -7 -40 -50 -60 Pretax Income

196 237

359 467

640 - Income Tax Expense

51 59

90 117

160 Income Before XO Items

146 177

270 350

480 - Minority Interests

0 0

0 0

0 Net Profit

146 177

270 350

480 Source: Company, Phillip Securities (HK) Research Estimates (财务资料截至

7 月11 日) PHILL 江南水务 江南水务 江南水务 江南水务(601199 CH) 公司研报 公司研报 公司研报 公司研报 PHILLIP RESEARCH STOCK SELECTION SYSTEMS We do not base our recommendations entirely on the above quantitative return bands. We consider qualitative factors like (but not limited to) a stock'

s risk reward profile, market sentiment, recent rate of share price appreciation, presence or absence of stock price catalysts, and speculative undertones surrounding the stock, before making our final recommendation GENERAL DISCLAIMER This publication is prepared by Phillip Securities (Hong Kong) Ltd ( Phillip Securities ). By receiving or reading this publication, you agree to be bound by the terms and limitations set out below. This publication shall not be reproduced in whole or in part, distributed or published by you for any purpose. Phillip Securities shall not be liable for any direct or consequential loss arising from any use of material contained in this publication. The information contained in this publication has been obtained from public sources which Phillip Securities has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the Research ) contained in this publication are based on such information and are expressions of belief only. Phillip Securities has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in this publication is subject to change, and Phillip Securities shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will Phillip Securities be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. Any opinions, forecasts........