China Merchants Commercial Real Estate Investment Trust (HKG:1503)

HKG:1503 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
Rental Revenue	488.03	529.36	489.16	431.7	432.83	370.13
Total Revenue	488.03	529.36	489.16	431.7	432.83	370.13
Revenue Growth (YoY	-5.69%	8.22%	13.31%	-0.26%	16.94%	114.50%
Property Expenses	146.74	156.01	146.3	125.72	126.65	114.26
Selling, General & Administrative	13.1	16.23	14.94	12.61	17.85	6.31
Total Operating Expenses	159.8	172.5	158.75	143.13	144.5	120.56
Operating Income	328.23	356.86	330.41	288.58	288.34	249.56
Interest Expense	-125.05	-131.85	-137.16	-94.86	-59.25	-59.98
Interest & Investment Income	8.79	11.24	15.95	11.9	10.26	6.48
Currency Exchange Gain (Loss)	0.49	-1.9	-1.19	-336.29	64.53	132.73
Other Non-Operating Income	6.89	4.81	9.29	4.78	1.19	4.56
EBT Excluding Unusual Items	219.35	239.16	217.3	-125.89	305.06	333.35
Asset Writedown	-292.54	-393.22	-394.45	32.91	81.51	26.03
Pretax Income	-73.2	-154.06	-177.15	-92.98	386.57	359.38
Income Tax Expense	42.53	24.3	12.24	104.41	118.86	74.33
Earnings From Continuing Operations	-115.72	-178.35	-189.39	-197.39	267.7	285.05
Minority Interest in Earnings	17.98	-6.42	17.07	-12.16	-	-
Net Income	-97.75	-184.77	-172.32	-209.54	267.7	285.05
Net Income to Common	-97.75	-184.77	-172.32	-209.54	267.7	285.05
Net Income Growth	-	-	-	-	-6.09%	66.59%
Basic Shares Outstanding	1,128	1,128	1,128	1,128	1,128	1,128
Diluted Shares Outstanding	1,128	1,128	1,128	1,128	1,128	1,128
EPS (Basic)	-0.09	-0.16	-0.15	-0.19	0.24	0.25
EPS (Diluted)	-0.09	-0.16	-0.15	-0.19	0.24	0.25
EPS Growth	-	-	-	-	-6.09%	66.59%
Dividend Per Share	0.099	0.103	0.084	0.123	0.151	0.144
Dividend Growth	4.09%	23.24%	-31.68%	-18.73%	4.78%	-
Operating Margin	67.26%	67.41%	67.55%	66.85%	66.62%	67.43%
Profit Margin	-20.03%	-34.91%	-35.23%	-48.54%	61.85%	77.02%
EBITDA	328.31	356.96	330.53	288.66	288.45	249.64
EBITDA Margin	67.27%	67.43%	67.57%	66.86%	66.64%	67.45%
D&A For Ebitda	0.08	0.1	0.12	0.08	0.11	0.08
EBIT	328.23	356.86	330.41	288.58	288.34	249.56
EBIT Margin	67.26%	67.41%	67.55%	66.85%	66.62%	67.43%
Effective Tax Rate	-	-	-	-	30.75%	20.68%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.