China Tower Corporation Limited (HKG: 0788)

China Tower 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	96,310	94,009	92,170	86,585	81,099	76,428
Revenue Growth (YoY)	2.85%	2.00%	6.45%	6.76%	6.11%	6.42%
Cost of Revenue	16,252	16,252	15,533	12,671	11,920	11,856
Gross Profit	80,058	77,757	76,637	73,914	69,179	64,572
Selling, General & Admin	6,168	6,168	6,459	5,620	4,966	193
Other Operating Expenses	8,852	7,642	5,886	4,409	3,586	6,764
Operating Expenses	64,069	62,859	61,877	60,011	56,067	52,372
Operating Income	15,989	14,898	14,760	13,903	13,112	12,200
Interest Expense	-2,827	-2,827	-3,003	-3,745	-3,959	-4,661
Interest & Investment Income	43	43	124	22	36	63
Currency Exchange Gain (Loss)	-59	-59	-17	-2	3	-12
Other Non Operating Income (Expenses)	1,173	1,173	1,112	305	201	133
EBT Excluding Unusual Items	14,319	13,228	12,976	10,483	9,393	7,723
Asset Writedown	-396	-396	-1,448	-868	-1,100	-919
Other Unusual Items	-	-	-	-	114	33
Pretax Income	13,923	12,832	11,528	9,615	8,407	6,837
Income Tax Expense	3,367	3,082	2,741	2,287	1,980	1,616
Earnings From Continuing Operations	10,556	9,750	8,787	7,328	6,427	5,221
Minority Interest in Earnings	-	-	-	1	1	1
Net Income	10,556	9,750	8,787	7,329	6,428	5,222
Net Income to Common	10,556	9,750	8,787	7,329	6,428	5,222
Net Income Growth	8.44%	10.96%	19.89%	14.02%	23.09%	97.06%
Shares Outstanding (Basic)	174,812	174,812	174,812	174,812	174,861	175,643
Shares Outstanding (Diluted)	174,812	174,812	174,812	174,812	174,861	175,643
Shares Change (YoY)	-0.03%	-	-	-0.03%	-0.45%	18.28%
EPS (Basic)	0.06	0.06	0.05	0.04	0.04	0.03
EPS (Diluted)	0.06	0.06	0.05	0.04	0.04	0.03
EPS Growth	8.48%	10.96%	19.89%	14.05%	23.65%	66.59%
Free Cash Flow	-	-624	36,495	27,990	19,748	22,137
Free Cash Flow Per Share	-	-0.00	0.21	0.16	0.11	0.13
Dividend Per Share	-	0.037	0.032	0.026	0.022	0.015
Dividend Growth	-	15.69%	23.17%	17.40%	53.61%	546.67%
Gross Margin	83.13%	82.71%	83.15%	85.37%	85.30%	84.49%
Operating Margin	16.60%	15.85%	16.01%	16.06%	16.17%	15.96%
Profit Margin	10.96%	10.37%	9.53%	8.46%	7.93%	6.83%
Free Cash Flow Margin	-	-0.66%	39.60%	32.33%	24.35%	28.96%
EBITDA	53,301	52,513	52,779	52,361	49,174	46,058
EBITDA Margin	55.34%	55.86%	57.26%	60.47%	60.63%	60.26%
D&A For EBITDA	37,312	37,615	38,019	38,458	36,062	33,858
EBIT	15,989	14,898	14,760	13,903	13,112	12,200
EBIT Margin	16.60%	15.85%	16.01%	16.06%	16.17%	15.96%
Effective Tax Rate	24.18%	24.02%	23.78%	23.79%	23.55%	23.64%

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