CITIC Limited (HKG: 0267)

CITIC 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	530,068	490,626	475,752	508,112	368,622	386,846
Other Revenue	394,888	392,057	369,151	396,888	352,580	344,051
Revenue	924,956	882,683	844,903	905,000	721,202	730,897
Revenue Growth (YoY)	6.81%	4.47%	-6.64%	25.48%	-1.33%	5.86%
Cost of Revenue	430,839	387,666	364,937	403,753	361,436	370,626
Gross Profit	494,117	495,017	479,966	400,140	359,766	360,271
Selling, General & Admin	-	-	-	13	138	609
Other Operating Expenses	123,797	122,071	113,471	103,307	88,509	103,285
Operating Expenses	189,572	187,686	192,476	105,430	91,397	105,338
Operating Income	304,545	307,331	287,490	294,710	268,369	254,933
Interest Expense	-202,709	-202,249	-181,062	-198,981	-175,814	-172,453
Interest & Investment Income	2,405	1,832	1,407	2,036	1,266	2,264
Earnings From Equity Investments	9,039	9,403	11,166	17,563	14,493	13,557
Currency Exchange Gain (Loss)	1,382	535	444	781	1,486	2,648
Other Non Operating Income (Expenses)	6,112	4,758	4,885	3,285	-2,780	-558
EBT Excluding Unusual Items	120,774	121,610	124,330	119,394	107,020	100,391
Impairment of Goodwill	-26	-26	-4,363	-	-647	-202
Gain (Loss) on Sale of Investments	2,627	2,314	-2,790	2,001	-10,999	-5,426
Gain (Loss) on Sale of Assets	1,988	74	10,977	1,393	3,525	2,037
Asset Writedown	408	-685	-862	-1,647	-1,181	-804
Other Unusual Items	-	-	-	-	-	19
Pretax Income	125,771	123,287	127,292	121,141	97,718	96,015
Income Tax Expense	21,219	18,013	21,469	20,863	16,790	17,827
Earnings From Continuing Operations	104,552	105,274	105,823	100,278	80,928	78,188
Net Income to Company	104,552	105,274	105,823	100,278	80,928	78,188
Minority Interest in Earnings	-46,937	-47,680	-40,892	-30,056	-24,300	-24,285
Net Income	57,615	57,594	64,931	70,222	56,628	53,903
Net Income to Common	57,615	57,594	64,931	70,222	56,628	53,903
Net Income Growth	4.08%	-11.30%	-7.53%	24.01%	5.06%	6.03%
Shares Outstanding (Basic)	29,090	29,090	29,090	29,090	29,090	29,090
Shares Outstanding (Diluted)	29,090	29,090	29,090	29,090	29,090	29,090
EPS (Basic)	1.98	1.98	2.23	2.41	1.95	1.85
EPS (Diluted)	1.97	1.98	2.23	2.41	1.95	1.85
EPS Growth	3.63%	-11.29%	-7.55%	23.80%	5.22%	7.12%
Free Cash Flow	-213,061	-47,102	145,926	-65,188	172,340	140,456
Free Cash Flow Per Share	-7.32	-1.62	5.02	-2.24	5.92	4.83
Dividend Per Share	0.525	0.515	0.587	0.606	0.488	0.465
Dividend Growth	-12.02%	-12.23%	-3.18%	24.18%	4.95%	13.41%
Gross Margin	53.42%	56.08%	56.81%	44.21%	49.88%	49.29%
Operating Margin	32.93%	34.82%	34.03%	32.56%	37.21%	34.88%
Profit Margin	6.23%	6.52%	7.69%	7.76%	7.85%	7.37%
Free Cash Flow Margin	-23.03%	-5.34%	17.27%	-7.20%	23.90%	19.22%
EBITDA	329,691	330,390	307,730	308,441	281,525	269,521
EBITDA Margin	35.64%	37.43%	36.42%	34.08%	39.04%	36.88%
D&A For EBITDA	25,146	23,059	20,240	13,731	13,156	14,588
EBIT	304,545	307,331	287,490	294,710	268,369	254,933
EBIT Margin	32.93%	34.82%	34.03%	32.56%	37.21%	34.88%
Effective Tax Rate	16.87%	14.61%	16.87%	17.22%	17.18%	18.57%

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