China Overseas Land & Investment Limited (CAOVF)

CAOVF 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	200,300	202,524	180,322	242,241	185,790	163,651
Revenue Growth (YoY)	20.89%	12.31%	-25.56%	30.38%	13.53%	13.62%
Cost of Revenue	160,580	161,371	143,448	185,215	129,969	108,571
Gross Profit	39,719	41,153	36,874	57,026	55,821	55,080
Selling, General & Admin	6,873	6,876	6,522	6,969	6,144	5,376
Other Operating Expenses	406.69	214.22	785.04	-298.11	-1,433	-626.44
Operating Expenses	7,280	7,090	7,307	6,671	4,711	4,749
Operating Income	32,439	34,063	29,567	50,355	51,110	50,331
Interest Expense	-977.33	-1,032	-1,057	-865.93	-883.89	-759.3
Interest & Investment Income	1,999	2,460	2,315	1,957	1,818	1,597
Earnings From Equity Investments	952.66	1,627	2,181	3,686	4,856	3,367
Currency Exchange Gain (Loss)	303.5	-1,073	-4,283	2,457	3,112	173.33
EBT Excluding Unusual Items	34,717	36,044	28,724	57,589	60,012	54,709
Gain (Loss) on Sale of Investments	141.25	141.25	1,251	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	241.09
Asset Writedown	2,542	4,846	4,796	5,540	9,191	10,002
Other Unusual Items	89.07	89.07	1,237	-	-	-
Pretax Income	37,489	41,120	36,007	63,130	69,204	64,952
Income Tax Expense	13,127	14,074	11,451	20,068	21,495	22,204
Earnings From Continuing Operations	24,362	27,047	24,556	43,062	47,709	42,747
Minority Interest in Earnings	-1,928	-1,437	-1,291	-2,906	-3,805	-1,129
Net Income	22,434	25,610	23,265	40,155	43,904	41,618
Net Income to Common	22,434	25,610	23,265	40,155	43,904	41,618
Net Income Growth	12.10%	10.08%	-42.06%	-8.54%	5.49%	10.35%
Shares Outstanding (Basic)	10,945	10,945	10,945	10,945	10,956	10,956
Shares Outstanding (Diluted)	10,945	10,945	10,945	10,945	11,014	10,962
Shares Change (YoY)	-	0.00%	-0.00%	-0.62%	0.47%	0.06%
EPS (Basic)	2.05	2.34	2.13	3.67	4.01	3.80
EPS (Diluted)	2.05	2.34	2.13	3.67	3.99	3.80
EPS Growth	12.10%	10.08%	-42.06%	-8.05%	5.04%	10.35%
Free Cash Flow	4,823	35,075	-11,168	22,339	10,888	9,785
Free Cash Flow Per Share	0.44	3.20	-1.02	2.04	0.99	0.89
Dividend Per Share	0.681	0.726	0.708	0.986	0.994	0.912
Dividend Growth	-1.25%	2.62%	-28.21%	-0.79%	8.97%	15.36%
Gross Margin	19.83%	20.32%	20.45%	23.54%	30.05%	33.66%
Operating Margin	16.20%	16.82%	16.40%	20.79%	27.51%	30.75%
Profit Margin	11.20%	12.65%	12.90%	16.58%	23.63%	25.43%
Free Cash Flow Margin	2.41%	17.32%	-6.19%	9.22%	5.86%	5.98%
EBITDA	32,722	34,307	29,865	50,437	51,221	50,455
EBITDA Margin	16.34%	16.94%	16.56%	20.82%	27.57%	30.83%
D&A For EBITDA	283.08	244.42	298.21	81.93	111.71	124.65
EBIT	32,439	34,063	29,567	50,355	51,110	50,331
EBIT Margin	16.20%	16.82%	16.40%	20.79%	27.51%	30.75%
Effective Tax Rate	35.02%	34.23%	31.80%	31.79%	31.06%	34.19%

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