Qilu Expressway Company Limited (HKG:1576)

Qilu Expressway Company 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
Revenue	5,282	7,022	5,609	2,931	1,995	1,690
Revenue Growth (YoY)	-21.87%	25.19%	91.34%	46.91%	18.10%	3.51%
Cost of Revenue	4,482	6,281	4,797	1,772	671.63	706.4
Gross Profit	799.94	740.59	811.98	1,159	1,324	983.13
Selling, General & Admin	123.31	112.15	108.67	77.23	69.36	74.52
Operating Expenses	126.87	118.17	121.5	87.29	71.08	74.61
Operating Income	673.07	622.42	690.49	1,072	1,253	908.52
Interest Expense	-180.11	-72.84	-68.28	-95.74	-127.41	-114.84
Interest & Investment Income	101.38	101.38	63.96	45.11	13.26	21.19
Earnings From Equity Investments	0.49	0.8	39.17	12.71	0.36	0.5
Currency Exchange Gain (Loss)	-	-	-	-	-0.36	2.52
Other Non Operating Income (Expenses)	-6.66	5.51	-12.54	2.47	3.36	6.54
EBT Excluding Unusual Items	588.18	657.27	712.8	1,037	1,142	824.42
Gain (Loss) on Sale of Investments	-	-	0.8	4.87	-	2.57
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.3
Pretax Income	588.18	657.27	713.59	1,042	1,142	827.28
Income Tax Expense	144.45	158.88	179.69	261.47	288.39	206.51
Earnings From Continuing Operations	443.73	498.39	533.9	780.06	853.43	620.78
Net Income to Company	443.73	498.39	533.9	780.06	853.43	620.78
Minority Interest in Earnings	-7.33	-13.81	-8.64	1.64	-	-
Net Income	436.41	484.59	525.26	781.69	853.43	620.78
Preferred Dividends & Other Adjustments	25.78	25.78	23.63	-	-	-
Net Income to Common	410.62	458.8	501.63	781.69	853.43	620.78
Net Income Growth	-7.81%	-7.74%	-32.80%	-8.41%	37.48%	4.21%
Shares Outstanding (Basic)	2,000	2,000	2,000	2,000	2,000	2,000
Shares Outstanding (Diluted)	2,000	2,000	2,000	2,000	2,000	2,000
EPS (Basic)	0.21	0.23	0.25	0.39	0.43	0.31
EPS (Diluted)	0.21	0.23	0.25	0.39	0.43	0.31
EPS Growth	-8.46%	-8.24%	-35.90%	-8.61%	37.65%	4.07%
Free Cash Flow	-2,487	-3,807	-3,467	-761.91	1,212	1,033
Free Cash Flow Per Share	-1.24	-1.90	-1.73	-0.38	0.61	0.52
Dividend Per Share	0.100	0.100	0.150	0.180	0.180	0.180
Dividend Growth	-33.33%	-33.33%	-16.67%	-	-	10.43%
Gross Margin	15.15%	10.55%	14.48%	39.55%	66.34%	58.19%
Operating Margin	12.74%	8.86%	12.31%	36.57%	62.78%	53.77%
Profit Margin	7.78%	6.53%	8.94%	26.67%	42.77%	36.74%
Free Cash Flow Margin	-47.09%	-54.21%	-61.82%	-25.99%	60.72%	61.17%
EBITDA	1,122	859.23	968.43	1,367	1,592	1,305
EBITDA Margin	21.24%	12.24%	17.27%	46.62%	79.80%	77.21%
D&A For EBITDA	448.75	236.81	277.94	294.45	339.62	396.03
EBIT	673.07	622.42	690.49	1,072	1,253	908.52
EBIT Margin	12.74%	8.86%	12.31%	36.57%	62.78%	53.77%
Effective Tax Rate	24.56%	24.17%	25.18%	25.10%	25.26%	24.96%

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