China Railway Construction Corporation Limited (HKG:1186)

HKG:1186 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,039,828	1,058,015	1,129,072	1,087,343	1,010,605	902,956
Other Revenue	9,157	9,157	8,921	8,969	9,406	7,369
Revenue	1,048,985	1,067,171	1,137,993	1,096,313	1,020,010	910,325
Revenue Growth (YoY)	-7.94%	-6.22%	3.80%	7.48%	12.05%	9.62%
Cost of Revenue	943,515	959,562	1,021,274	986,988	922,364	826,349
Gross Profit	105,470	107,609	116,720	109,325	97,646	83,976
Selling, General & Admin	28,144	29,165	30,778	28,515	26,889	24,706
Research & Development	25,835	25,713	26,725	25,004	20,254	18,606
Other Operating Expenses	3,483	3,407	4,135	3,870	3,297	3,531
Operating Expenses	64,083	65,018	69,722	63,782	59,656	50,177
Operating Income	41,387	42,591	46,998	45,543	37,990	33,799
Interest Expense	-10,414	-9,635	-7,459	-6,143	-6,016	-5,621
Interest & Investment Income	4,140	3,767	4,216	4,392	4,052	3,441
Currency Exchange Gain (Loss)	392.06	392.06	837.12	303.15	31.8	82.45
Other Non Operating Income (Expenses)	-1,939	-2,470	-2,378	-2,157	-1,751	-1,416
EBT Excluding Unusual Items	33,566	34,645	42,215	41,938	34,306	30,286
Impairment of Goodwill	-5.86	-5.86	-113.24	-203.65	-138.91	-8.58
Gain (Loss) on Sale of Investments	-2,775	-2,763	-4,874	-5,129	-436.83	-580.27
Gain (Loss) on Sale of Assets	254.87	285.07	671.46	76.04	620.42	589.28
Asset Writedown	-481.81	-397.51	-220.62	-101.61	-273.9	-21.65
Other Unusual Items	710.62	710.62	1,149	1,244	1,074	1,226
Pretax Income	31,269	32,475	38,828	37,824	35,151	31,491
Income Tax Expense	5,182	5,396	6,499	6,030	5,836	5,782
Earnings From Continuing Operations	26,087	27,078	32,329	31,794	29,315	25,709
Minority Interest in Earnings	-4,746	-4,863	-6,232	-5,113	-4,625	-3,316
Net Income	21,341	22,215	26,097	26,681	24,691	22,393
Preferred Dividends & Other Adjustments	2,437	2,437	2,548	2,745	2,955	2,024
Net Income to Common	18,904	19,778	23,549	23,935	21,736	20,369
Net Income Growth	-18.59%	-14.88%	-2.19%	8.06%	10.26%	10.87%
Shares Outstanding (Basic)	13,592	13,580	13,580	13,580	13,580	13,580
Shares Outstanding (Diluted)	13,592	13,580	13,580	13,580	13,580	14,145
Shares Change (YoY)	0.25%	-	-	-	-4.00%	-0.77%
EPS (Basic)	1.39	1.46	1.73	1.76	1.60	1.50
EPS (Diluted)	1.39	1.46	1.73	1.76	1.60	1.44
EPS Growth	-20.13%	-15.81%	-1.70%	10.00%	11.11%	8.27%
Free Cash Flow	-58,849	-69,373	-14,509	25,875	-40,179	8,721
Free Cash Flow Per Share	-4.33	-5.11	-1.07	1.91	-2.96	0.62
Dividend Per Share	0.300	0.300	0.350	0.280	0.246	0.230
Dividend Growth	-14.29%	-14.29%	25.00%	13.82%	6.96%	9.52%
Gross Margin	10.05%	10.08%	10.26%	9.97%	9.57%	9.22%
Operating Margin	3.94%	3.99%	4.13%	4.15%	3.72%	3.71%
Profit Margin	1.80%	1.85%	2.07%	2.18%	2.13%	2.24%
Free Cash Flow Margin	-5.61%	-6.50%	-1.27%	2.36%	-3.94%	0.96%
EBITDA	62,507	63,254	65,828	63,715	54,295	49,064
EBITDA Margin	5.96%	5.93%	5.79%	5.81%	5.32%	5.39%
D&A For EBITDA	21,121	20,663	18,830	18,173	16,305	15,265
EBIT	41,387	42,591	46,998	45,543	37,990	33,799
EBIT Margin	3.94%	3.99%	4.13%	4.15%	3.72%	3.71%
Effective Tax Rate	16.57%	16.62%	16.74%	15.94%	16.60%	18.36%
Advertising Expenses	-	-	-	1,942	-	1,642

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.