Chengdu Expressway Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	2,852	2,836	2,814	2,597	2,702
Other Revenue	76.98	78.9	80.08	-	-
Revenue	2,929	2,915	2,894	2,597	2,702
Revenue Growth (YoY)	0.46%	0.74%	11.45%	-3.91%	32.58%
Cost of Revenue	1,834	1,835	1,852	1,726	1,686
Gross Profit	1,095	1,081	1,042	871.07	1,016
Selling, General & Admin	255.09	230.66	196.46	186.28	176.69
Research & Development	2.36	1.33	-	-	-
Other Operating Expenses	1.21	17.41	11.97	12.13	11.34
Operating Expenses	263.64	251.53	196.86	199.63	190.06
Operating Income	831.19	829.11	845.19	671.44	826.41
Interest Expense	-107.29	-101.6	-114.35	-123.69	-136.72
Interest & Investment Income	49.34	69.7	66.53	70.14	83.84
Currency Exchange Gain (Loss)	0.33	-1.35	-3.43	0.27	-1.09
Other Non Operating Income (Expenses)	57.04	-12.62	4.65	70.47	18.05
EBT Excluding Unusual Items	830.61	783.24	798.6	688.62	790.49
Impairment of Goodwill	-15.32	-	-	-16.58	-
Gain (Loss) on Sale of Investments	-3.23	2.97	4.53	-	-
Gain (Loss) on Sale of Assets	0.14	-0.18	3.79	0.36	35.67
Asset Writedown	-0.2	-0.04	-0.06	-0.15	-0.18
Legal Settlements	-	-	-	-	-0.21
Pretax Income	812	785.98	806.87	672.26	825.77
Income Tax Expense	212.01	216.33	144.69	111.88	140.71
Earnings From Continuing Operations	599.99	569.65	662.18	560.38	685.06
Minority Interest in Earnings	-47.61	-50.14	-43.41	-70.23	-70.41
Net Income	552.39	519.52	618.77	490.15	614.65
Net Income to Common	552.39	519.52	618.77	490.15	614.65
Net Income Growth	6.33%	-16.04%	26.24%	-20.26%	80.05%
Shares Outstanding (Basic)	1,656	1,656	1,656	1,656	1,656
Shares Outstanding (Diluted)	1,656	1,656	1,656	1,656	1,656
EPS (Basic)	0.33	0.31	0.37	0.30	0.37
EPS (Diluted)	0.33	0.31	0.37	0.30	0.37
EPS Growth	6.33%	-16.04%	26.24%	-20.26%	80.05%
Free Cash Flow	-412.59	303.77	987.66	661.34	702.21
Free Cash Flow Per Share	-0.25	0.18	0.60	0.40	0.42
Dividend Per Share	0.120	0.101	0.168	0.178	0.141
Dividend Growth	18.81%	-39.88%	-5.62%	26.24%	16.53%
Gross Margin	37.38%	37.07%	36.01%	33.55%	37.61%
Operating Margin	28.38%	28.44%	29.20%	25.86%	30.58%
Profit Margin	18.86%	17.82%	21.38%	18.88%	22.75%
Free Cash Flow Margin	-14.09%	10.42%	34.13%	25.47%	25.99%
EBITDA	1,181	1,196	1,222	981.32	1,147
EBITDA Margin	40.31%	41.01%	42.22%	37.79%	42.44%
D&A For EBITDA	349.49	366.55	376.7	309.88	320.4
EBIT	831.19	829.11	845.19	671.44	826.41
EBIT Margin	28.38%	28.44%	29.20%	25.86%	30.58%
Effective Tax Rate	26.11%	27.52%	17.93%	16.64%	17.04%
Revenue as Reported	2,929	-	-	-	-

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