Zhongsheng Group Holdings Limited (HKG: 0881)

Zhongsheng Group Holdings 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	179,810	179,290	179,857	175,103	148,348	124,043
Revenue Growth (YoY)	2.32%	-0.32%	2.71%	18.04%	19.59%	15.14%
Cost of Revenue	168,089	165,526	163,825	156,634	134,866	112,555
Gross Profit	11,721	13,764	16,032	18,470	13,482	11,488
Selling, General & Admin	10,091	10,156	10,287	9,743	7,969	6,879
Other Operating Expenses	-4,339	-4,282	-4,066	-3,677	-3,299	-3,027
Operating Expenses	5,752	5,874	6,221	6,066	4,670	3,852
Operating Income	5,969	7,891	9,811	12,403	8,812	7,636
Interest Expense	-1,582	-1,507	-1,219	-1,120	-1,260	-1,391
Interest & Investment Income	454.53	460.61	241.87	185.52	111.1	98.93
Earnings From Equity Investments	1.6	-1.32	0.57	6.42	2.01	-1.21
EBT Excluding Unusual Items	4,843	6,843	8,835	11,475	7,665	6,343
Gain (Loss) on Sale of Investments	15.42	25.16	-10.11	20.62	0.54	14.59
Gain (Loss) on Sale of Assets	-113.77	-94.91	126.12	7.66	12.9	-30.88
Other Unusual Items	2.76	58.08	-	-	-	-
Pretax Income	4,748	6,831	8,951	11,504	7,679	6,327
Income Tax Expense	1,272	1,840	2,316	3,096	2,098	1,807
Earnings From Continuing Operations	3,476	4,991	6,635	8,407	5,581	4,520
Minority Interest in Earnings	113.29	27.19	52.9	-78.38	-41.03	-17.84
Net Income	3,589	5,018	6,688	8,329	5,540	4,502
Net Income to Common	3,589	5,018	6,688	8,329	5,540	4,502
Net Income Growth	-42.56%	-24.97%	-19.70%	50.35%	23.06%	23.79%
Shares Outstanding (Basic)	2,389	2,397	2,412	2,341	2,273	2,272
Shares Outstanding (Diluted)	2,424	2,469	2,518	2,448	2,428	2,428
Shares Change (YoY)	-2.86%	-1.94%	2.85%	0.82%	-0.01%	0.74%
EPS (Basic)	1.50	2.09	2.77	3.56	2.44	1.98
EPS (Diluted)	1.50	2.08	2.72	3.46	2.36	1.92
EPS Growth	-41.41%	-23.27%	-21.59%	46.81%	23.02%	22.74%
Free Cash Flow	3,403	3,562	5,625	6,365	6,092	5,132
Free Cash Flow Per Share	1.40	1.44	2.23	2.60	2.51	2.11
Dividend Per Share	0.736	0.736	0.964	0.684	0.488	0.402
Dividend Growth	-23.67%	-23.67%	40.89%	40.12%	21.41%	23.80%
Gross Margin	6.52%	7.68%	8.91%	10.55%	9.09%	9.26%
Operating Margin	3.32%	4.40%	5.45%	7.08%	5.94%	6.16%
Profit Margin	2.00%	2.80%	3.72%	4.76%	3.73%	3.63%
Free Cash Flow Margin	1.89%	1.99%	3.13%	3.64%	4.11%	4.14%
EBITDA	7,909	9,249	11,916	14,143	10,195	8,890
EBITDA Margin	4.40%	5.16%	6.63%	8.08%	6.87%	7.17%
D&A For EBITDA	1,941	1,359	2,105	1,739	1,383	1,254
EBIT	5,969	7,891	9,811	12,403	8,812	7,636
EBIT Margin	3.32%	4.40%	5.45%	7.08%	5.94%	6.16%
Effective Tax Rate	26.79%	26.94%	25.87%	26.92%	27.32%	28.56%
Advertising Expenses	-	1,408	817.97	1,003	1,008	943.39

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