Anhui Expressway Company Limited (HKG: 0995)

Anhui Expressway Company 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
Operating Revenue	7,282	6,569	5,137	3,876	2,761	2,785
Other Revenue	78.17	62.25	68.89	44.71	172.91	161.89
Revenue	7,360	6,631	5,206	3,921	2,934	2,946
Revenue Growth (YoY)	56.14%	27.37%	32.78%	33.65%	-0.43%	-0.69%
Cost of Revenue	4,898	4,008	2,954	1,568	1,526	1,269
Gross Profit	2,462	2,623	2,252	2,352	1,407	1,677
Selling, General & Admin	183.47	182.54	164.25	136.79	111.98	98.02
Other Operating Expenses	38.55	25.89	30.17	27.93	21.14	23.82
Operating Expenses	222.39	208.82	195.47	175.53	136.57	122.17
Operating Income	2,240	2,414	2,057	2,177	1,271	1,555
Interest Expense	-205.41	-213.97	-226.52	-254.81	-250.58	-118.83
Interest & Investment Income	168.28	167.94	118.41	152.18	57.89	106.86
Currency Exchange Gain (Loss)	-0.99	-0.92	2.05	-0.26	1.21	-1.28
Other Non Operating Income (Expenses)	-0.22	-0.12	-0.11	2.36	-5.06	-0.18
EBT Excluding Unusual Items	2,201	2,367	1,951	2,076	1,074	1,542
Gain (Loss) on Sale of Investments	-37	-108.76	0.61	42.72	105.43	11.89
Gain (Loss) on Sale of Assets	-6.9	-6.67	8.43	-8.71	-2.25	-0.21
Asset Writedown	-	-	-	-	-0.43	-0.08
Other Unusual Items	22	15.23	17.15	8.67	6.41	7.06
Pretax Income	2,179	2,267	1,977	2,119	1,183	1,560
Income Tax Expense	540.45	588.39	562.93	573.81	366.69	500.96
Earnings From Continuing Operations	1,639	1,678	1,414	1,545	816.73	1,059
Minority Interest in Earnings	-8.7	-18.44	31.01	-31.15	52.53	38.34
Net Income	1,630	1,660	1,445	1,514	869.26	1,098
Net Income to Common	1,630	1,660	1,445	1,514	869.26	1,098
Net Income Growth	0.73%	14.87%	-4.57%	74.19%	-20.80%	-2.27%
Shares Outstanding (Basic)	1,659	1,659	1,659	1,659	1,659	1,659
Shares Outstanding (Diluted)	1,659	1,659	1,659	1,659	1,659	1,659
Shares Change (YoY)	-	-	-	-	-0.00%	0.00%
EPS (Basic)	0.98	1.00	0.87	0.91	0.52	0.66
EPS (Diluted)	0.98	1.00	0.87	0.91	0.52	0.66
EPS Growth	0.73%	14.88%	-4.57%	74.19%	-20.80%	-2.27%
Free Cash Flow	691.54	536.98	621.72	1,675	1,142	586.31
Free Cash Flow Per Share	0.42	0.32	0.37	1.01	0.69	0.35
Dividend Per Share	0.601	0.601	0.550	0.550	0.230	0.230
Dividend Growth	9.27%	9.27%	0%	139.13%	0%	-8.00%
Gross Margin	33.45%	39.55%	43.26%	60.00%	47.97%	56.92%
Operating Margin	30.43%	36.40%	39.51%	55.52%	43.32%	52.77%
Profit Margin	22.15%	25.03%	27.75%	38.62%	29.63%	37.25%
Free Cash Flow Margin	9.40%	8.10%	11.94%	42.71%	38.92%	19.90%
EBITDA	3,144	3,330	2,999	3,103	2,211	2,270
EBITDA Margin	42.72%	50.22%	57.61%	79.14%	75.36%	77.04%
D&A For EBITDA	904.77	916.23	942.42	926.26	940.12	715.04
EBIT	2,240	2,414	2,057	2,177	1,271	1,555
EBIT Margin	30.43%	36.40%	39.51%	55.52%	43.32%	52.77%
Effective Tax Rate	24.80%	25.96%	28.47%	27.08%	30.99%	32.11%
Revenue as Reported	7,360	6,631	5,206	3,921	2,934	2,946

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