China Resources Land Limited (HKG: 1109)

China Resources Land 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	257,292	251,137	207,061	212,108	179,587	148,167
Revenue Growth (YoY)	24.21%	21.29%	-2.38%	18.11%	21.21%	22.26%
Cost of Revenue	195,226	187,975	152,771	154,909	124,172	92,029
Gross Profit	62,067	63,162	54,291	57,200	55,415	56,139
Selling, General & Admin	13,622	13,980	11,280	11,965	10,439	10,942
Operating Expenses	13,622	13,980	11,280	11,965	10,439	10,942
Operating Income	48,444	49,181	43,010	45,234	44,976	45,196
Interest Expense	-1,596	-1,577	-1,541	-1,230	-1,074	-1,192
Interest & Investment Income	3,139	3,073	2,284	2,602	2,170	2,169
Earnings From Equity Investments	1,835	2,360	4,101	4,297	3,000	3,718
Currency Exchange Gain (Loss)	222.14	-14.23	-2,186	788.5	1,368	-118.13
Other Non Operating Income (Expenses)	1,039	886.12	980.59	862.62	843.86	461.5
EBT Excluding Unusual Items	53,083	53,909	46,650	52,554	51,283	50,234
Gain (Loss) on Sale of Investments	3.45	5.62	828.64	-	-12.31	320.19
Gain (Loss) on Sale of Assets	3,131	1,505	1,053	16.83	16.8	-141.75
Asset Writedown	7,817	8,001	6,978	7,795	8,884	10,732
Other Unusual Items	-	3,017	-	-	-	-
Pretax Income	64,035	66,438	55,509	60,366	60,172	61,145
Income Tax Expense	30,276	29,134	23,140	22,970	26,082	26,682
Earnings From Continuing Operations	33,759	37,304	32,370	37,395	34,090	34,463
Minority Interest in Earnings	-5,879	-5,938	-4,278	-4,994	-4,060	-5,390
Net Income	27,881	31,365	28,092	32,401	30,031	29,073
Preferred Dividends & Other Adjustments	-	-	-	-	220.57	289.22
Net Income to Common	27,881	31,365	28,092	32,401	29,810	28,784
Net Income Growth	-10.71%	11.65%	-13.30%	7.89%	3.29%	18.54%
Shares Outstanding (Basic)	7,131	7,131	7,131	7,131	7,131	6,964
Shares Outstanding (Diluted)	7,131	7,131	7,131	7,131	7,131	6,964
Shares Change (YoY)	-	-	-	-	2.39%	0.48%
EPS (Basic)	3.91	4.40	3.94	4.54	4.18	4.13
EPS (Diluted)	3.91	4.40	3.94	4.54	4.18	4.13
EPS Growth	-10.71%	11.65%	-13.30%	8.69%	1.14%	18.19%
Free Cash Flow	11,417	46,221	-666.98	4,841	19,435	30,595
Free Cash Flow Per Share	1.60	6.48	-0.09	0.68	2.73	4.39
Dividend Per Share	1.443	1.441	1.401	1.380	1.252	1.066
Dividend Growth	1.83%	2.86%	1.52%	10.22%	17.45%	0.66%
Gross Margin	24.12%	25.15%	26.22%	26.97%	30.86%	37.89%
Operating Margin	18.83%	19.58%	20.77%	21.33%	25.04%	30.50%
Profit Margin	10.84%	12.49%	13.57%	15.28%	16.60%	19.43%
Free Cash Flow Margin	4.44%	18.40%	-0.32%	2.28%	10.82%	20.65%
EBITDA	49,311	50,082	43,899	46,123	45,660	45,826
EBITDA Margin	19.17%	19.94%	21.20%	21.75%	25.42%	30.93%
D&A For EBITDA	866.65	900.44	888.8	889.11	683.94	629.57
EBIT	48,444	49,181	43,010	45,234	44,976	45,196
EBIT Margin	18.83%	19.58%	20.77%	21.33%	25.04%	30.50%
Effective Tax Rate	47.28%	43.85%	41.69%	38.05%	43.35%	43.64%

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