Beijing Enterprises Water Group Limited (HKG: 0371)

Beijing Enterprises Water Group 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
Revenue	23,745	24,519	21,485	27,880	25,361	28,192
Revenue Growth (YoY)	0.12%	14.12%	-22.94%	9.93%	-10.04%	14.62%
Operations & Maintenance	408.6	293.1	-	274.98	209.02	-
Selling, General & Admin	3,281	3,317	2,973	3,158	2,526	2,500
Other Operating Expenses	14,596	15,167	13,212	16,847	15,544	17,475
Total Operating Expenses	18,285	18,777	16,185	20,280	18,280	19,975
Operating Income	5,460	5,742	5,300	7,600	7,081	8,218
Interest Expense	-3,244	-3,223	-2,711	-2,685	-2,525	-2,412
Interest Income	907.46	888.24	991.42	1,125	735.74	720.79
Net Interest Expense	-2,336	-2,335	-1,720	-1,560	-1,789	-1,691
Income (Loss) on Equity Investments	632.13	645.03	665.46	919.78	1,060	936.38
Currency Exchange Gain (Loss)	-	-	36.78	-	-	-
Other Non-Operating Income (Expenses)	-40	-37.73	-34.18	-33.27	-24.26	-21.02
EBT Excluding Unusual Items	3,716	4,014	4,248	6,926	6,328	7,442
Gain (Loss) on Sale of Investments	0.12	0.12	-1,146	-	129.92	-
Gain (Loss) on Sale of Assets	12.44	12.44	-	5.77	7.38	33.13
Asset Writedown	-	-	-	-	0.75	2.79
Other Unusual Items	1.59	1.59	163.17	-	23.19	78.28
Pretax Income	3,730	4,028	3,265	6,932	6,489	7,556
Income Tax Expense	855.28	964.11	930.29	1,464	1,249	1,714
Earnings From Continuing Ops.	2,874	3,064	2,335	5,468	5,241	5,843
Minority Interest in Earnings	-1,112	-1,076	-1,061	-1,061	-824.9	-682.04
Net Income	1,763	1,988	1,274	4,407	4,416	5,161
Preferred Dividends & Other Adjustments	215.38	162.94	131.72	260.04	261.78	234.83
Net Income to Common	1,547	1,825	1,142	4,147	4,154	4,926
Net Income Growth	-11.69%	56.06%	-71.09%	-0.19%	-14.43%	9.40%
Shares Outstanding (Basic)	10,024	10,009	10,082	10,013	9,993	9,896
Shares Outstanding (Diluted)	10,028	10,021	10,090	10,073	10,084	10,038
Shares Change (YoY)	-0.05%	-0.68%	0.16%	-0.10%	0.46%	6.03%
EPS (Basic)	0.15	0.18	0.11	0.41	0.42	0.50
EPS (Diluted)	0.15	0.18	0.11	0.41	0.41	0.49
EPS Growth	-17.16%	60.94%	-72.52%	0.01%	-16.05%	4.03%
Free Cash Flow	2,079	1,210	1,935	-2,067	-4,422	-4,648
Free Cash Flow Per Share	0.21	0.12	0.19	-0.21	-0.44	-0.46
Dividend Per Share	0.143	0.143	0.139	0.157	0.162	0.185
Dividend Growth	2.88%	2.62%	-11.54%	-3.09%	-12.43%	3.93%
Profit Margin	6.52%	7.44%	5.32%	14.88%	16.38%	17.47%
Free Cash Flow Margin	8.76%	4.93%	9.01%	-7.41%	-17.44%	-16.49%
EBITDA	7,178	7,254	6,376	8,400	7,657	8,743
EBITDA Margin	30.23%	29.58%	29.68%	30.13%	30.19%	31.01%
D&A For EBITDA	1,718	1,512	1,076	800.25	576.13	525.54
EBIT	5,460	5,742	5,300	7,600	7,081	8,218
EBIT Margin	22.99%	23.42%	24.67%	27.26%	27.92%	29.15%
Effective Tax Rate	22.93%	23.93%	28.49%	21.12%	19.24%	22.68%

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