Zhejiang Expressway Co., Ltd. (HKG: 0576)

Zhejiang Expressway 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	17,083	16,965	15,332	16,263	12,452	11,955
Revenue Growth (YoY)	3.21%	10.65%	-5.72%	30.61%	4.15%	6.82%
Cost of Revenue	9,665	9,768	9,364	9,535	8,037	6,678
Gross Profit	7,419	7,197	5,968	6,728	4,414	5,277
Selling, General & Admin	176.31	183.98	177.41	173.45	147.84	136.36
Operating Expenses	145.23	183.65	178.88	172.5	150.62	138.13
Operating Income	7,274	7,013	5,789	6,555	4,263	5,139
Interest Expense	-2,042	-2,104	-1,894	-1,943	-2,098	-1,627
Interest & Investment Income	430.97	360.69	144.27	119.03	56.79	34.37
Earnings From Equity Investments	1,063	1,163	801.86	1,022	704.31	687.77
Currency Exchange Gain (Loss)	68.85	-143.9	-229.41	231.66	-85.61	14.27
Other Non Operating Income (Expenses)	585.28	542.81	131.93	238.61	198.3	79.01
EBT Excluding Unusual Items	7,380	6,832	4,744	6,225	3,039	4,328
Gain (Loss) on Sale of Investments	706.77	1,018	709.92	1,866	1,464	1,434
Gain (Loss) on Sale of Assets	21.07	1.58	1,889	73.46	30.44	4.55
Pretax Income	8,108	7,852	7,342	8,164	4,534	5,767
Income Tax Expense	1,415	1,229	1,039	1,874	1,160	1,352
Earnings From Continuing Operations	6,692	6,622	6,303	6,290	3,374	4,415
Net Income to Company	6,692	6,622	6,303	6,290	3,374	4,415
Minority Interest in Earnings	-1,347	-1,399	-1,124	-1,528	-957.19	-703.78
Net Income	5,345	5,224	5,179	4,762	2,416	3,711
Net Income to Common	5,345	5,224	5,179	4,762	2,416	3,711
Net Income Growth	-13.10%	0.87%	8.74%	97.09%	-34.89%	5.58%
Shares Outstanding (Basic)	5,345	4,625	4,554	4,343	4,343	4,343
Shares Outstanding (Diluted)	5,509	4,911	4,825	4,588	4,424	4,604
Shares Change (YoY)	11.52%	1.79%	5.16%	3.71%	-3.90%	0.30%
EPS (Basic)	1.00	1.13	1.14	1.10	0.56	0.85
EPS (Diluted)	0.95	1.05	1.08	1.03	0.55	0.82
EPS Growth	-23.90%	-2.78%	5.69%	85.72%	-33.00%	8.00%
Free Cash Flow	6,336	8,531	6,297	1,938	-699.84	-599.3
Free Cash Flow Per Share	1.15	1.74	1.30	0.42	-0.16	-0.13
Dividend Per Share	0.320	0.320	0.375	0.375	0.355	0.355
Dividend Growth	-14.67%	-14.67%	0%	5.63%	0%	-5.33%
Gross Margin	43.43%	42.42%	38.93%	41.37%	35.45%	44.14%
Operating Margin	42.58%	41.34%	37.76%	40.31%	34.24%	42.99%
Profit Margin	31.29%	30.79%	33.78%	29.28%	19.41%	31.04%
Free Cash Flow Margin	37.09%	50.28%	41.07%	11.92%	-5.62%	-5.01%
EBITDA	10,848	10,491	9,350	9,629	7,114	7,441
EBITDA Margin	63.50%	61.84%	60.98%	59.21%	57.14%	62.24%
D&A For EBITDA	3,574	3,477	3,560	3,074	2,851	2,302
EBIT	7,274	7,013	5,789	6,555	4,263	5,139
EBIT Margin	42.58%	41.34%	37.76%	40.31%	34.24%	42.99%
Effective Tax Rate	17.46%	15.66%	14.15%	22.95%	25.59%	23.44%

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