Anhui Expressway Company Limited (SHA: 600012)

Anhui Expressway Company 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	7,268	6,569	5,137	3,876	2,761	2,785
Other Revenue	62.25	62.25	68.89	44.71	172.91	161.89
Revenue	7,331	6,631	5,206	3,921	2,934	2,946
Revenue Growth (YoY)	31.72%	27.37%	32.78%	33.65%	-0.43%	-0.69%
Cost of Revenue	4,946	4,008	2,954	1,568	1,526	1,269
Gross Profit	2,384	2,623	2,252	2,352	1,407	1,677
Selling, General & Admin	185.72	182.54	164.25	136.79	111.98	98.02
Other Operating Expenses	32.46	25.89	30.17	27.93	21.14	23.82
Operating Expenses	218.57	208.82	195.47	175.53	136.57	122.17
Operating Income	2,166	2,414	2,057	2,177	1,271	1,555
Interest Expense	-192.75	-213.97	-226.52	-254.81	-250.58	-118.83
Interest & Investment Income	162.53	167.94	118.41	152.18	57.89	106.86
Currency Exchange Gain (Loss)	-0.92	-0.92	2.05	-0.26	1.21	-1.28
Other Non Operating Income (Expenses)	-8.7	-0.12	-0.11	2.36	-5.06	-0.18
EBT Excluding Unusual Items	2,126	2,367	1,951	2,076	1,074	1,542
Gain (Loss) on Sale of Investments	-76.18	-108.76	0.61	42.72	105.43	11.89
Gain (Loss) on Sale of Assets	-7.22	-6.67	8.43	-8.71	-2.25	-0.21
Asset Writedown	-	-	-	-	-0.43	-0.08
Other Unusual Items	18.25	15.23	17.15	8.67	6.41	7.06
Pretax Income	2,061	2,267	1,977	2,119	1,183	1,560
Income Tax Expense	532.51	588.39	562.93	573.81	366.69	500.96
Earnings From Continuing Operations	1,528	1,678	1,414	1,545	816.73	1,059
Minority Interest in Earnings	1.89	-18.44	31.01	-31.15	52.53	38.34
Net Income	1,530	1,660	1,445	1,514	869.26	1,098
Net Income to Common	1,530	1,660	1,445	1,514	869.26	1,098
Net Income Growth	-5.69%	14.87%	-4.57%	74.19%	-20.80%	-2.27%
Shares Outstanding (Basic)	1,659	1,659	1,659	1,659	1,659	1,659
Shares Outstanding (Diluted)	1,659	1,659	1,659	1,659	1,659	1,659
Shares Change (YoY)	0.00%	-	-	-	-0.00%	0.00%
EPS (Basic)	0.92	1.00	0.87	0.91	0.52	0.66
EPS (Diluted)	0.92	1.00	0.87	0.91	0.52	0.66
EPS Growth	-5.68%	14.88%	-4.57%	74.19%	-20.80%	-2.27%
Free Cash Flow	307.19	536.98	621.72	1,675	1,142	586.31
Free Cash Flow Per Share	0.19	0.32	0.37	1.01	0.69	0.35
Dividend Per Share	0.601	0.601	0.550	0.550	0.230	0.230
Dividend Growth	9.27%	9.27%	0%	139.13%	0%	-8.00%
Gross Margin	32.53%	39.55%	43.26%	60.00%	47.97%	56.92%
Operating Margin	29.54%	36.40%	39.51%	55.52%	43.32%	52.77%
Profit Margin	20.87%	25.03%	27.75%	38.62%	29.63%	37.25%
Free Cash Flow Margin	4.19%	8.10%	11.94%	42.71%	38.92%	19.90%
EBITDA	3,062	3,330	2,999	3,103	2,211	2,270
EBITDA Margin	41.78%	50.22%	57.61%	79.14%	75.36%	77.04%
D&A For EBITDA	896.58	916.23	942.42	926.26	940.12	715.04
EBIT	2,166	2,414	2,057	2,177	1,271	1,555
EBIT Margin	29.54%	36.40%	39.51%	55.52%	43.32%	52.77%
Effective Tax Rate	25.84%	25.96%	28.47%	27.08%	30.99%	32.11%
Revenue as Reported	7,331	6,631	5,206	3,921	2,934	2,946

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