China Communications Services Corporation Limited (HKG: 0552)

China Communications Services Corporation 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	149,857	148,615	140,748	133,991	122,649	117,413
Revenue Growth (YoY)	3.59%	5.59%	5.04%	9.25%	4.46%	10.58%
Cost of Revenue	132,318	131,357	124,766	119,207	108,911	103,726
Gross Profit	17,539	17,257	15,982	14,784	13,738	13,687
Selling, General & Admin	15,102	14,913	13,960	12,952	11,826	11,494
Other Operating Expenses	126.8	146.39	133.98	187.8	159.51	-527.48
Operating Expenses	15,228	15,059	14,094	13,140	11,986	10,967
Operating Income	2,311	2,198	1,888	1,645	1,752	2,720
Interest Expense	-117.37	-113.73	-91.05	-78.62	-63.48	-68.89
Interest & Investment Income	893.68	870.75	769.13	729.85	642.01	605.59
Earnings From Equity Investments	129.39	116.34	92.75	91.92	168.93	148.48
Currency Exchange Gain (Loss)	-15.73	-15.73	-0.16	-15.88	-42.42	-11.94
Other Non Operating Income (Expenses)	905.04	988.25	1,108	1,065	1,015	-
EBT Excluding Unusual Items	4,106	4,044	3,766	3,437	3,472	3,393
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.69
Gain (Loss) on Sale of Assets	19.02	14.72	20.12	105.7	-8.66	44.85
Other Unusual Items	51.08	51.08	50.58	35.71	24.72	54.81
Pretax Income	4,176	4,109	3,837	3,578	3,488	3,494
Income Tax Expense	358.62	377.81	356.1	392.67	398.28	463.8
Earnings From Continuing Operations	3,817	3,732	3,481	3,186	3,089	3,030
Minority Interest in Earnings	-142.43	-147.29	-121.13	-28.33	-7.85	19.43
Net Income	3,675	3,584	3,360	3,157	3,081	3,049
Net Income to Common	3,675	3,584	3,360	3,157	3,081	3,049
Net Income Growth	5.04%	6.69%	6.40%	2.47%	1.06%	5.10%
Shares Outstanding (Basic)	6,926	6,926	6,926	6,926	6,926	6,926
Shares Outstanding (Diluted)	6,926	6,926	6,926	6,926	6,926	6,926
EPS (Basic)	0.53	0.52	0.49	0.46	0.44	0.44
EPS (Diluted)	0.53	0.52	0.49	0.46	0.44	0.44
EPS Growth	5.04%	6.69%	6.40%	2.47%	1.06%	5.10%
Free Cash Flow	3,008	4,138	3,683	2,737	1,922	3,786
Free Cash Flow Per Share	0.43	0.60	0.53	0.40	0.28	0.55
Dividend Per Share	0.217	0.217	0.194	0.164	0.134	0.132
Dividend Growth	12.12%	12.12%	18.16%	22.92%	1.06%	5.09%
Gross Margin	11.70%	11.61%	11.35%	11.03%	11.20%	11.66%
Operating Margin	1.54%	1.48%	1.34%	1.23%	1.43%	2.32%
Profit Margin	2.45%	2.41%	2.39%	2.36%	2.51%	2.60%
Free Cash Flow Margin	2.01%	2.78%	2.62%	2.04%	1.57%	3.22%
EBITDA	3,383	3,255	2,902	2,624	2,614	3,583
EBITDA Margin	2.26%	2.19%	2.06%	1.96%	2.13%	3.05%
D&A For EBITDA	1,073	1,058	1,014	978.89	862.05	863.23
EBIT	2,311	2,198	1,888	1,645	1,752	2,720
EBIT Margin	1.54%	1.48%	1.34%	1.23%	1.43%	2.32%
Effective Tax Rate	8.59%	9.19%	9.28%	10.97%	11.42%	13.28%

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