CRRC Corporation Limited (HKG: 1766)

CRRC Corporation 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	240,135	230,587	219,416	221,102	223,876	225,438
Other Revenue	3,674	3,674	3,523	4,630	3,780	3,573
Revenue	243,809	234,262	222,939	225,732	227,656	229,011
Revenue Growth (YoY)	5.81%	5.08%	-1.24%	-0.85%	-0.59%	4.53%
Cost of Revenue	188,706	182,483	175,871	179,781	177,239	177,125
Gross Profit	55,103	51,779	47,067	45,951	50,417	51,886
Selling, General & Admin	23,745	23,229	21,204	20,838	22,552	23,072
Research & Development	16,088	14,364	13,130	13,085	13,350	12,017
Other Operating Expenses	-1,973	-942.66	-158.16	1,506	1,545	1,682
Operating Expenses	39,140	37,801	34,711	35,215	37,211	38,275
Operating Income	15,963	13,978	12,357	10,736	13,206	13,611
Interest Expense	-1,239	-1,102	-1,069	-1,121	-919.64	-1,021
Interest & Investment Income	2,561	2,454	1,293	1,065	1,489	2,877
Currency Exchange Gain (Loss)	244.62	244.62	496.87	-94.21	-603.89	114.56
Other Non Operating Income (Expenses)	-186	-265.41	79.08	-211.95	-674.02	-2,143
EBT Excluding Unusual Items	17,343	15,308	13,156	10,374	12,498	13,439
Impairment of Goodwill	-	-	-	-49.88	-154.72	-260.74
Gain (Loss) on Sale of Investments	319.23	359.28	386.42	42.13	75.52	233.74
Gain (Loss) on Sale of Assets	194.38	408.46	2,551	1,016	1,193	1,753
Asset Writedown	-124.23	-84.5	-30.12	-63.94	-498.78	-452.34
Other Unusual Items	381.5	381.5	56.47	2,437	2,878	1,896
Pretax Income	18,114	16,373	16,120	13,755	15,991	16,608
Income Tax Expense	2,095	1,803	1,767	1,337	2,168	2,785
Earnings From Continuing Operations	16,020	14,570	14,352	12,418	13,823	13,824
Minority Interest in Earnings	-3,215	-2,858	-2,699	-2,115	-2,492	-2,029
Net Income	12,805	11,712	11,653	10,303	11,331	11,795
Net Income to Common	12,805	11,712	11,653	10,303	11,331	11,795
Net Income Growth	8.72%	0.50%	13.11%	-9.08%	-3.93%	4.33%
Shares Outstanding (Basic)	28,464	28,699	28,699	28,699	28,699	28,699
Shares Outstanding (Diluted)	28,464	28,699	28,699	28,752	29,015	29,028
Shares Change (YoY)	-2.33%	-	-0.19%	-0.90%	-0.05%	-0.61%
EPS (Basic)	0.45	0.41	0.41	0.36	0.39	0.41
EPS (Diluted)	0.45	0.41	0.41	0.36	0.39	0.40
EPS Growth	11.32%	0.50%	13.49%	-7.51%	-3.79%	3.52%
Free Cash Flow	17,211	6,618	16,536	14,686	-9,808	14,466
Free Cash Flow Per Share	0.60	0.23	0.58	0.51	-0.34	0.50
Dividend Per Share	0.200	0.200	0.200	0.180	0.180	0.150
Dividend Growth	0%	0%	11.11%	0%	20.00%	0%
Gross Margin	22.60%	22.10%	21.11%	20.36%	22.15%	22.66%
Operating Margin	6.55%	5.97%	5.54%	4.76%	5.80%	5.94%
Profit Margin	5.25%	5.00%	5.23%	4.56%	4.98%	5.15%
Free Cash Flow Margin	7.06%	2.82%	7.42%	6.51%	-4.31%	6.32%
EBITDA	21,590	20,322	19,656	17,961	20,203	20,499
EBITDA Margin	8.86%	8.67%	8.82%	7.96%	8.87%	8.95%
D&A For EBITDA	5,628	6,344	7,300	7,225	6,998	6,888
EBIT	15,963	13,978	12,357	10,736	13,206	13,611
EBIT Margin	6.55%	5.97%	5.54%	4.76%	5.80%	5.94%
Effective Tax Rate	11.56%	11.01%	10.96%	9.72%	13.56%	16.77%
Revenue as Reported	9,547	-	-	-	-	-

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