Greentown China Holdings Limited (HKG:3900)

Greentown China Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	158,546	131,383	127,153	100,240	65,783
Revenue Growth (YoY)	20.67%	3.33%	26.85%	52.38%	6.80%
Cost of Revenue	138,321	114,310	105,132	82,072	50,210
Gross Profit	20,225	17,073	22,021	18,168	15,573
Selling, General & Admin	7,764	7,867	8,289	8,034	6,644
Operating Expenses	8,790	8,097	8,362	8,077	7,205
Operating Income	11,436	8,976	13,659	10,091	8,368
Interest Expense	-2,579	-2,916	-2,729	-2,299	-2,228
Interest & Investment Income	2,315	2,231	2,546	2,002	2,469
Earnings From Equity Investments	-632.99	2,165	1,684	1,483	697.73
Currency Exchange Gain (Loss)	-117.37	-38.83	-1,371	381.83	1,118
Other Non Operating Income (Expenses)	586.18	597.41	1,110	1,120	548.57
EBT Excluding Unusual Items	11,008	11,014	14,900	12,778	10,972
Gain (Loss) on Sale of Investments	321.95	60.39	11.88	1.85	70.43
Gain (Loss) on Sale of Assets	-31.56	7.35	5.01	174.92	173.78
Asset Writedown	-4,224	-1,743	-1,611	-530.15	-787.48
Other Unusual Items	-	385.53	-49.24	130.24	324.43
Pretax Income	7,074	9,725	13,256	12,555	10,754
Income Tax Expense	2,928	3,047	4,361	4,868	4,991
Earnings From Continuing Operations	4,146	6,678	8,895	7,687	5,763
Minority Interest in Earnings	-2,550	-3,560	-6,139	-3,218	-1,966
Net Income	1,596	3,118	2,756	4,469	3,796
Preferred Dividends & Other Adjustments	-	25.95	171.65	1,214	1,323
Net Income to Common	1,596	3,092	2,584	3,255	2,474
Net Income Growth	-48.79%	13.12%	-38.33%	17.72%	53.07%
Shares Outstanding (Basic)	2,532	2,532	2,516	2,493	2,360
Shares Outstanding (Diluted)	2,532	2,533	2,536	2,501	2,370
Shares Change (YoY)	-0.01%	-0.13%	1.38%	5.54%	9.21%
EPS (Basic)	0.63	1.22	1.03	1.31	1.05
EPS (Diluted)	0.63	1.22	1.02	1.30	1.04
EPS Growth	-48.36%	19.61%	-21.54%	25.00%	89.09%
Free Cash Flow	-	22,614	14,199	5,357	-3,621
Free Cash Flow Per Share	-	8.93	5.60	2.14	-1.53
Dividend Per Share	0.300	0.430	0.500	0.460	0.350
Dividend Growth	-30.23%	-14.00%	8.70%	31.43%	16.67%
Gross Margin	12.76%	13.00%	17.32%	18.13%	23.67%
Operating Margin	7.21%	6.83%	10.74%	10.07%	12.72%
Profit Margin	1.01%	2.35%	2.03%	3.25%	3.76%
Free Cash Flow Margin	-	17.21%	11.17%	5.34%	-5.50%
EBITDA	11,979	9,519	14,177	10,528	8,846
EBITDA Margin	7.56%	7.25%	11.15%	10.50%	13.45%
D&A For EBITDA	543.54	543.54	517.73	437.24	477.93
EBIT	11,436	8,976	13,659	10,091	8,368
EBIT Margin	7.21%	6.83%	10.74%	10.07%	12.72%
Effective Tax Rate	41.39%	31.33%	32.90%	38.77%	46.41%

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