Huayu Expressway Group 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
Revenue	140.41	198.15	407.1	409.89	688.45
Revenue Growth (YoY)	-29.14%	-51.33%	-0.68%	-40.46%	40.94%
Cost of Revenue	117.9	158.64	292.09	290.2	480.02
Gross Profit	22.51	39.5	115.01	119.69	208.43
Selling, General & Admin	51.61	57.7	74.28	54.54	67.77
Other Operating Expenses	-4.15	-1.67	-1.36	-2.99	-1.59
Operating Expenses	47.46	56.03	72.92	51.55	66.18
Operating Income	-24.95	-16.53	42.09	68.13	142.25
Interest Expense	-5.2	-5.1	-1.86	-1.53	-2.68
Interest & Investment Income	0.63	1.94	2.84	2.02	2.84
Earnings From Equity Investments	-6.79	12.53	0.23	4.2	14.17
Currency Exchange Gain (Loss)	0.89	-2.72	-0.58	-3.89	2.02
EBT Excluding Unusual Items	-35.42	-9.88	42.72	68.93	158.61
Gain (Loss) on Sale of Investments	-	0.43	-	-	-
Gain (Loss) on Sale of Assets	0.32	-0.01	-0.02	-0.43	-0.16
Other Unusual Items	-8.34	0.24	-3.6	-	-30.4
Pretax Income	-43.44	-9.22	39.09	68.5	128.05
Income Tax Expense	-3.21	4.06	22.15	19.3	42.96
Earnings From Continuing Operations	-40.23	-13.29	16.94	49.2	85.09
Earnings From Discontinued Operations	-	-	325.09	22.63	30.5
Net Income to Company	-40.23	-13.29	342.03	71.83	115.59
Minority Interest in Earnings	4.09	4.77	-12.6	-22.8	-29.16
Net Income	-36.14	-8.51	329.43	49.03	86.43
Net Income to Common	-36.14	-8.51	329.43	49.03	86.43
Net Income Growth	-	-	571.93%	-43.27%	38.87%
Shares Outstanding (Basic)	413	413	413	413	413
Shares Outstanding (Diluted)	413	413	413	413	413
Shares Change (YoY)	-	-	-	-0.01%	0.01%
EPS (Basic)	-0.09	-0.02	0.80	0.12	0.21
EPS (Diluted)	-0.09	-0.02	0.80	0.12	0.21
EPS Growth	-	-	571.91%	-43.27%	38.89%
Free Cash Flow	-100.55	-428.08	13.88	188.63	171.38
Free Cash Flow Per Share	-0.24	-1.04	0.03	0.46	0.41
Gross Margin	16.03%	19.94%	28.25%	29.20%	30.28%
Operating Margin	-17.77%	-8.34%	10.34%	16.62%	20.66%
Profit Margin	-25.74%	-4.30%	80.92%	11.96%	12.55%
Free Cash Flow Margin	-71.61%	-216.04%	3.41%	46.02%	24.89%
EBITDA	7.39	16.77	78.46	130.65	204.8
EBITDA Margin	5.27%	8.47%	19.27%	31.87%	29.75%
D&A For EBITDA	32.34	33.3	36.37	62.52	62.55
EBIT	-24.95	-16.53	42.09	68.13	142.25
EBIT Margin	-17.77%	-8.34%	10.34%	16.62%	20.66%
Effective Tax Rate	-	-	56.67%	28.17%	33.55%

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