China New Town Development Company Limited (HKG:1278)

HKG:1278 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	346.25	337.37	337.48	305.03	273.04	391.64
Other Revenue	-	-	-	30.89	-	-
Revenue	346.25	337.37	337.48	335.92	273.04	391.64
Revenue Growth (YoY)	2.40%	-0.03%	0.47%	23.03%	-30.28%	-5.62%
Cost of Revenue	56.53	56.25	38.44	152.7	63.4	40.87
Gross Profit	289.72	281.12	299.04	183.21	209.64	350.77
Selling, General & Admin	116.29	112.71	113.39	116.67	115.76	124.05
Other Operating Expenses	21.89	29.94	3.26	25.9	19.65	399
Operating Expenses	123.25	127.72	116.59	142.57	135.4	523.05
Operating Income	166.48	153.4	182.45	40.65	74.24	-172.27
Interest Expense	-92.18	-94.4	-91.19	-44.62	-50.96	-112.67
Interest & Investment Income	24.4	52.57	47.96	51.19	69.09	29.32
Earnings From Equity Investments	-29.35	-31.77	-12.35	-9.29	-7.76	-6.46
Currency Exchange Gain (Loss)	-0.3	0.82	-12.21	6.24	-4.72	6.77
Other Non Operating Income (Expenses)	8.84	7.64	84.99	-	15.85	34.35
EBT Excluding Unusual Items	77.89	88.26	199.65	44.17	95.73	-220.95
Gain (Loss) on Sale of Assets	0.01	0.01	-0.02	-0	-0.05	-
Asset Writedown	-19.63	-19.63	1.46	12.32	45.77	13.89
Pretax Income	58.27	68.64	201.08	56.49	141.45	-207.07
Income Tax Expense	10.59	12.77	49.83	49.02	10.5	41.1
Earnings From Continuing Operations	47.68	55.87	151.26	7.47	130.95	-248.17
Net Income to Company	47.68	55.87	151.26	7.47	130.95	-248.17
Minority Interest in Earnings	-6.33	-11.56	-10.4	-4.75	-22.37	-2.76
Net Income	41.35	44.32	140.86	2.72	108.58	-250.93
Net Income to Common	41.35	44.32	140.86	2.72	108.58	-250.93
Net Income Growth	-70.51%	-68.54%	5082.41%	-97.50%	-	-
Shares Outstanding (Basic)	9,726	9,726	9,726	9,726	9,726	9,726
Shares Outstanding (Diluted)	9,726	9,726	9,726	9,726	9,726	9,726
EPS (Basic)	0.00	0.00	0.01	0.00	0.01	-0.03
EPS (Diluted)	0.00	0.00	0.01	0.00	0.01	-0.03
EPS Growth	-70.51%	-68.54%	5090.68%	-97.50%	-	-
Free Cash Flow	-28.14	29.4	-20.5	-34.27	422.54	-13.34
Free Cash Flow Per Share	-0.00	0.00	-0.00	-0.00	0.04	-0.00
Dividend Per Share	0.005	0.004	0.005	-	-	-
Dividend Growth	68.20%	-27.90%	-	-	-	-
Gross Margin	83.67%	83.33%	88.61%	54.54%	76.78%	89.57%
Operating Margin	48.08%	45.47%	54.06%	12.10%	27.19%	-43.99%
Profit Margin	11.94%	13.14%	41.74%	0.81%	39.77%	-64.07%
Free Cash Flow Margin	-8.13%	8.71%	-6.07%	-10.20%	154.75%	-3.41%
EBITDA	168.06	154.73	184.9	42.43	76.24	-170.22
EBITDA Margin	48.54%	45.86%	54.79%	12.63%	27.92%	-43.46%
D&A For EBITDA	1.59	1.33	2.45	1.79	2.01	2.06
EBIT	166.48	153.4	182.45	40.65	74.24	-172.27
EBIT Margin	48.08%	45.47%	54.06%	12.10%	27.19%	-43.99%
Effective Tax Rate	18.17%	18.60%	24.78%	86.78%	7.42%	-
Revenue as Reported	393.49	412.19	427.39	405.67	367.78	475.97
Advertising Expenses	-	0.68	0.71	0.88	6.68	3.92

Source: S&P Global Market Intelligence. Standard template. Financial Sources.