Zhuzhou CRRC Times Electric Co., Ltd. (HKG: 3898)

Zhuzhou CRRC Times Electric 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	23,803	21,641	17,804	14,824	15,792	16,200
Other Revenue	157.49	157.49	230.02	297.14	242.26	104.48
Revenue	23,960	21,799	18,034	15,121	16,034	16,304
Revenue Growth (YoY)	12.73%	20.88%	19.26%	-5.69%	-1.66%	4.13%
Cost of Revenue	15,827	14,466	12,061	10,124	10,149	9,983
Gross Profit	8,133	7,333	5,973	4,997	5,885	6,321
Selling, General & Admin	2,685	2,620	1,988	1,863	1,868	1,971
Research & Development	2,287	2,021	1,762	1,690	1,687	1,607
Other Operating Expenses	-411.69	-134.62	-31.69	-347.1	-63.88	-53.43
Operating Expenses	4,895	4,763	3,783	3,106	3,404	3,733
Operating Income	3,238	2,570	2,191	1,891	2,481	2,587
Interest Expense	-51.11	-47.19	-20.96	-21.07	-16.02	-25.54
Interest & Investment Income	331.24	316.95	204.12	129.11	85.7	123.71
Currency Exchange Gain (Loss)	48.31	48.31	11.06	5.41	-18.35	-7.22
Other Non Operating Income (Expenses)	-81.29	-9.88	-2.86	-9	-9.98	-2.2
EBT Excluding Unusual Items	3,485	2,878	2,382	1,996	2,522	2,676
Impairment of Goodwill	-	-	-	-49.88	-154.72	-68
Gain (Loss) on Sale of Investments	48.74	74.6	124.03	71.13	2.33	5.78
Gain (Loss) on Sale of Assets	3.17	2.78	4.08	-2.07	6.44	-0.27
Asset Writedown	-10.16	-29.37	-3.17	-0	-0.2	-
Other Unusual Items	456.63	433.25	434.6	105.65	423.81	294.19
Pretax Income	3,983	3,360	2,942	2,123	2,837	2,933
Income Tax Expense	266.38	209.5	349.58	88.48	340.38	275.05
Earnings From Continuing Operations	3,717	3,150	2,592	2,035	2,497	2,658
Minority Interest in Earnings	-163.23	-44.39	-36.15	-16.91	-21.1	1.6
Net Income	3,554	3,106	2,556	2,018	2,475	2,659
Net Income to Common	3,554	3,106	2,556	2,018	2,475	2,659
Net Income Growth	16.66%	21.51%	26.67%	-18.49%	-6.91%	1.79%
Shares Outstanding (Basic)	1,414	1,416	1,416	1,238	1,173	1,177
Shares Outstanding (Diluted)	1,414	1,416	1,416	1,238	1,173	1,177
Shares Change (YoY)	0.10%	-	14.41%	5.51%	-0.29%	0.10%
EPS (Basic)	2.51	2.19	1.80	1.63	2.11	2.26
EPS (Diluted)	2.51	2.19	1.80	1.63	2.11	2.26
EPS Growth	16.66%	21.67%	10.43%	-22.75%	-6.64%	1.69%
Free Cash Flow	-539.07	-198.63	1,088	1,176	-107.81	1,265
Free Cash Flow Per Share	-0.38	-0.14	0.77	0.95	-0.09	1.07
Dividend Per Share	0.780	0.780	0.550	0.900	-	0.450
Dividend Growth	41.82%	41.82%	-38.89%	-	-	0%
Gross Margin	33.94%	33.64%	33.12%	33.05%	36.71%	38.77%
Operating Margin	13.51%	11.79%	12.15%	12.51%	15.47%	15.87%
Profit Margin	14.83%	14.25%	14.17%	13.34%	15.44%	16.31%
Free Cash Flow Margin	-2.25%	-0.91%	6.03%	7.78%	-0.67%	7.76%
EBITDA	4,174	3,404	2,887	2,403	2,995	3,047
EBITDA Margin	17.42%	15.61%	16.01%	15.89%	18.68%	18.69%
D&A For EBITDA	936.4	833.47	696.23	512.01	513.93	459.33
EBIT	3,238	2,570	2,191	1,891	2,481	2,587
EBIT Margin	13.51%	11.79%	12.15%	12.51%	15.47%	15.87%
Effective Tax Rate	6.69%	6.24%	11.88%	4.17%	12.00%	9.38%
Revenue as Reported	23,960	21,799	18,034	15,121	16,034	-
Advertising Expenses	-	12.17	5.2	4.24	9	8.79

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