Tianjin Capital Environmental Protection Group Company Limited (HKG: 1065)

Tianjin Capital Environmental Protection Group 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	4,538	4,411	4,295	4,282	3,127	2,662
Other Revenue	254.37	254.37	227.51	253.09	236.75	189.09
Revenue	4,793	4,665	4,522	4,536	3,364	2,851
Revenue Growth (YoY)	5.33%	3.16%	-0.30%	34.83%	17.97%	16.50%
Cost of Revenue	2,887	2,853	2,993	3,200	2,189	1,941
Gross Profit	1,906	1,812	1,529	1,336	1,175	910.55
Selling, General & Admin	239.91	242.53	227.04	225.21	189.35	173
Research & Development	57.92	50.78	42.33	16.05	13.11	17.93
Other Operating Expenses	49.24	48.12	39.53	25.2	-15.89	-11.53
Operating Expenses	421.92	416.94	363.61	261.4	274.91	210.77
Operating Income	1,484	1,395	1,165	1,075	900.32	699.79
Interest Expense	-385.68	-390.84	-403.07	-339.42	-272.03	-213.98
Interest & Investment Income	84.04	168.98	211.94	193.66	23.04	23.95
Currency Exchange Gain (Loss)	9.57	9.57	12.09	30.65	10.49	-8.81
Other Non Operating Income (Expenses)	1.96	-0.92	-0.71	-2.49	-0.59	-2.1
EBT Excluding Unusual Items	1,194	1,182	985.57	957.01	661.23	498.85
Impairment of Goodwill	-169.76	-169.76	-85.65	-99.66	-	-
Gain (Loss) on Sale of Investments	-4.26	-4.26	-3.6	-	-	-
Gain (Loss) on Sale of Assets	-0	-0	-2.57	-0.71	0.02	49.41
Asset Writedown	0.01	0.01	-20.81	-52.16	-34.81	-26.81
Other Unusual Items	98.59	98.59	96.34	91.58	91.74	108.1
Pretax Income	1,118	1,106	969.3	896.06	718.18	629.55
Income Tax Expense	175.96	202.77	156.69	177.05	112.05	100.59
Earnings From Continuing Operations	942.44	903.44	812.61	719.01	606.14	528.96
Minority Interest in Earnings	-60.9	-38.24	-61.35	-25.82	-36.1	-21.86
Net Income	881.54	865.21	751.25	693.19	570.04	507.11
Net Income to Common	881.54	865.21	751.25	693.19	570.04	507.11
Net Income Growth	13.08%	15.17%	8.38%	21.60%	12.41%	1.19%
Shares Outstanding (Basic)	1,574	1,573	1,473	1,415	1,425	1,409
Shares Outstanding (Diluted)	1,574	1,573	1,473	1,415	1,425	1,409
Shares Change (YoY)	-0.05%	6.79%	4.13%	-0.73%	1.17%	-1.63%
EPS (Basic)	0.56	0.55	0.51	0.49	0.40	0.36
EPS (Diluted)	0.56	0.55	0.51	0.49	0.40	0.36
EPS Growth	13.14%	7.84%	4.08%	22.50%	11.11%	2.86%
Free Cash Flow	-15.79	-674.32	245.19	98.14	-1,011	-1,174
Free Cash Flow Per Share	-0.01	-0.43	0.17	0.07	-0.71	-0.83
Dividend Per Share	0.166	0.166	0.144	0.146	0.120	0.107
Dividend Growth	15.28%	15.28%	-1.37%	21.67%	12.15%	0.94%
Gross Margin	39.77%	38.84%	33.81%	29.46%	34.94%	31.93%
Operating Margin	30.96%	29.90%	25.77%	23.69%	26.76%	24.54%
Profit Margin	18.39%	18.55%	16.61%	15.28%	16.95%	17.78%
Free Cash Flow Margin	-0.33%	-14.45%	5.42%	2.16%	-30.05%	-41.16%
EBITDA	2,183	2,049	1,760	1,702	1,474	1,209
EBITDA Margin	45.54%	43.92%	38.91%	37.53%	43.80%	42.41%
D&A For EBITDA	698.64	653.92	594.3	627.66	573.22	509.48
EBIT	1,484	1,395	1,165	1,075	900.32	699.79
EBIT Margin	30.96%	29.90%	25.77%	23.69%	26.76%	24.54%
Effective Tax Rate	15.73%	18.33%	16.17%	19.76%	15.60%	15.98%
Revenue as Reported	4,793	4,665	4,522	4,536	3,364	2,851

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