Jiangsu Expressway Company Limited (HKG: 0177)

Jiangsu Expressway Company Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	16,300	13,851	11,787	12,649	7,328	9,181
Other Revenue	1,341	1,341	1,469	1,612	704.67	897.35
Revenue	17,641	15,192	13,256	14,261	8,032	10,078
Revenue Growth (YoY)	14.70%	14.61%	-7.05%	77.54%	-20.30%	1.10%
Cost of Revenue	12,078	9,583	8,846	9,007	4,688	4,577
Gross Profit	5,563	5,609	4,409	5,253	3,345	5,501
Selling, General & Admin	288.26	291.06	303.32	268.77	220.94	262.22
Other Operating Expenses	88.96	40.96	168.93	266.7	125.86	126.99
Operating Expenses	397.66	352.45	477.6	544.3	346.89	389.3
Operating Income	5,165	5,256	3,932	4,709	2,998	5,112
Interest Expense	-992.55	-1,078	-1,105	-875.3	-455.35	-469.72
Interest & Investment Income	1,715	1,494	1,891	1,230	625.36	895.78
Currency Exchange Gain (Loss)	-71.42	-71.42	-2.81	-5.2	9.31	-1.24
Other Non Operating Income (Expenses)	75.24	-5.66	-10.05	-3.14	-5.2	-2.68
EBT Excluding Unusual Items	5,892	5,595	4,706	5,055	3,172	5,534
Gain (Loss) on Sale of Investments	-248.56	85.94	-142.95	489.88	33.55	71.3
Gain (Loss) on Sale of Assets	58.45	8.29	21.76	7.87	-5.02	-70.25
Asset Writedown	-5	-14.59	-	-6.98	-	-
Other Unusual Items	-18	-1.97	-3.38	20.3	33.27	-12.94
Pretax Income	5,678	5,672	4,581	5,566	3,234	5,522
Income Tax Expense	946.62	1,063	833.03	1,290	714.88	1,221
Earnings From Continuing Operations	4,732	4,610	3,748	4,277	2,519	4,300
Minority Interest in Earnings	-235.66	-196.35	-23.87	3.27	-54.54	-100.78
Net Income	4,496	4,413	3,724	4,280	2,464	4,200
Net Income to Common	4,496	4,413	3,724	4,280	2,464	4,200
Net Income Growth	-3.35%	18.51%	-12.99%	73.69%	-41.32%	-4.04%
Shares Outstanding (Basic)	5,038	5,038	5,038	5,038	5,038	5,038
Shares Outstanding (Diluted)	5,038	5,038	5,038	5,038	5,038	5,038
Shares Change (YoY)	0.00%	-	-	-0.01%	0.01%	-
EPS (Basic)	0.89	0.88	0.74	0.85	0.49	0.83
EPS (Diluted)	0.89	0.88	0.74	0.85	0.49	0.83
EPS Growth	-3.35%	18.51%	-12.99%	73.70%	-41.33%	-4.04%
Free Cash Flow	793.45	3,588	1,489	925.54	-1,108	913.41
Free Cash Flow Per Share	0.16	0.71	0.30	0.18	-0.22	0.18
Dividend Per Share	0.470	0.470	0.460	0.460	0.460	0.460
Dividend Growth	2.17%	2.17%	0%	0%	0%	0%
Gross Margin	31.53%	36.92%	33.26%	36.84%	41.64%	54.58%
Operating Margin	29.28%	34.60%	29.66%	33.02%	37.32%	50.72%
Profit Margin	25.49%	29.05%	28.09%	30.01%	30.68%	41.67%
Free Cash Flow Margin	4.50%	23.62%	11.23%	6.49%	-13.80%	9.06%
EBITDA	8,035	7,768	5,966	6,868	4,623	6,672
EBITDA Margin	45.55%	51.13%	45.00%	48.16%	57.55%	66.20%
D&A For EBITDA	2,870	2,512	2,034	2,159	1,625	1,560
EBIT	5,165	5,256	3,932	4,709	2,998	5,112
EBIT Margin	29.28%	34.60%	29.66%	33.02%	37.32%	50.72%
Effective Tax Rate	16.67%	18.73%	18.18%	23.17%	22.11%	22.12%
Revenue as Reported	2,449	-	-	-	8,032	10,078
Advertising Expenses	-	1.37	3.2	6.07	8.93	8.55

Source: S&P Capital IQ. Standard template. Financial Sources.