Sinotrans Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	94,786	105,621	101,765	109,294	124,348	84,537
Revenue	94,786	105,621	101,765	109,294	124,348	84,537
Revenue Growth (YoY)	-17.45%	3.79%	-6.89%	-12.11%	47.09%	8.86%
Cost of Revenue	89,144	100,078	95,958	103,197	118,729	79,597
Gross Profit	5,642	5,543	5,807	6,096	5,620	4,940
Selling, General & Admin	4,293	4,329	4,459	4,461	4,100	3,542
Research & Development	74.58	120.66	233.19	196.14	171.6	149.21
Other Operating Expenses	-1,077	-1,412	-1,737	-941.43	-1,412	-1,102
Operating Expenses	3,368	3,083	2,982	3,760	2,957	2,685
Operating Income	2,274	2,460	2,825	2,336	2,663	2,255
Interest Expense	-336.64	-400	-519.57	-480.05	-416.68	-456.9
Interest & Investment Income	2,334	2,178	2,604	2,760	2,646	1,721
Currency Exchange Gain (Loss)	60.46	60.46	18.39	378.95	-107.02	-295.49
Other Non Operating Income (Expenses)	-103.47	-88.64	-47.44	-35.56	-133.12	10.2
EBT Excluding Unusual Items	4,229	4,209	4,880	4,960	4,652	3,234
Impairment of Goodwill	-25.33	-25.33	-326.55	-	-79.62	-53.6
Gain (Loss) on Sale of Investments	217.88	244.56	266.88	-104.94	-34.78	-30.64
Gain (Loss) on Sale of Assets	36.84	68.43	186.27	195.91	116.99	35.01
Asset Writedown	4.51	4.51	3.57	-114.27	-138.8	1.55
Legal Settlements	4.37	4.37	-18.74	-15.98	-85.23	20.66
Other Unusual Items	511.81	511.81	508.8	323.05	302.07	328.71
Pretax Income	4,979	5,018	5,501	5,243	4,732	3,536
Income Tax Expense	925.38	838.2	1,055	967.54	799.56	663.16
Earnings From Continuing Operations	4,054	4,180	4,446	4,276	3,933	2,873
Net Income to Company	4,054	4,180	4,446	4,276	3,933	2,873
Minority Interest in Earnings	-282.04	-262	-230.85	-196.75	-219.32	-118.09
Net Income	3,772	3,918	4,215	4,079	3,714	2,754
Net Income to Common	3,772	3,918	4,215	4,079	3,714	2,754
Net Income Growth	-2.95%	-7.05%	3.32%	9.85%	34.82%	-1.77%
Shares Outstanding (Basic)	7,269	7,260	7,245	7,351	7,401	7,401
Shares Outstanding (Diluted)	7,276	7,274	7,252	7,351	7,401	7,401
Shares Change (YoY)	0.92%	0.30%	-1.35%	-0.68%	-	1.54%
EPS (Basic)	0.52	0.54	0.58	0.55	0.50	0.37
EPS (Diluted)	0.52	0.54	0.58	0.55	0.50	0.37
EPS Growth	-3.84%	-7.33%	4.74%	10.98%	35.13%	-2.63%
Free Cash Flow	2,820	2,557	2,221	3,685	2,718	2,143
Free Cash Flow Per Share	0.39	0.35	0.31	0.50	0.37	0.29
Dividend Per Share	0.290	0.290	0.290	0.200	0.180	0.120
Dividend Growth	-	-	45.00%	11.11%	50.00%	-
Gross Margin	5.95%	5.25%	5.71%	5.58%	4.52%	5.84%
Operating Margin	2.40%	2.33%	2.78%	2.14%	2.14%	2.67%
Profit Margin	3.98%	3.71%	4.14%	3.73%	2.99%	3.26%
Free Cash Flow Margin	2.97%	2.42%	2.18%	3.37%	2.19%	2.54%
EBITDA	3,772	3,976	4,366	3,849	4,022	3,590
EBITDA Margin	3.98%	3.77%	4.29%	3.52%	3.23%	4.25%
D&A For EBITDA	1,498	1,516	1,541	1,513	1,359	1,334
EBIT	2,274	2,460	2,825	2,336	2,663	2,255
EBIT Margin	2.40%	2.33%	2.78%	2.14%	2.14%	2.67%
Effective Tax Rate	18.58%	16.70%	19.18%	18.45%	16.89%	18.76%
Revenue as Reported	94,786	105,621	101,765	109,294	124,348	84,537
Advertising Expenses	-	12.19	21.93	10.64	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.