Anhui Expressway Company Limited (SHA:600012)

Anhui Expressway Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	6,905	7,019	6,569	5,137	3,876	2,761
Other Revenue	72.93	72.93	62.25	68.89	44.71	172.91
Revenue	6,978	7,092	6,631	5,206	3,921	2,934
Revenue Growth (YoY)	-10.38%	6.94%	27.37%	32.78%	33.65%	-0.43%
Cost of Revenue	4,354	4,645	4,008	2,954	1,568	1,526
Gross Profit	2,624	2,447	2,623	2,252	2,352	1,407
Selling, General & Admin	197.2	187.56	182.54	164.25	136.79	111.98
Other Operating Expenses	33.86	31.86	25.89	30.17	27.93	21.14
Operating Expenses	234.83	219.24	208.82	195.47	175.53	136.57
Operating Income	2,390	2,228	2,414	2,057	2,177	1,271
Interest Expense	-254.77	-174.64	-213.97	-226.52	-254.81	-250.58
Interest & Investment Income	180.18	183.41	167.94	118.41	152.18	57.89
Currency Exchange Gain (Loss)	-3.86	-3.86	-0.92	2.05	-0.26	1.21
Other Non Operating Income (Expenses)	-0.49	-0.12	-0.12	-0.11	2.36	-5.06
EBT Excluding Unusual Items	2,311	2,232	2,367	1,951	2,076	1,074
Gain (Loss) on Sale of Investments	5.45	-31.84	-108.76	0.61	42.72	105.43
Gain (Loss) on Sale of Assets	8.67	7.35	-6.67	8.43	-8.71	-2.25
Asset Writedown	-	-	-	-	-	-0.43
Other Unusual Items	17.39	16.86	15.23	17.15	8.67	6.41
Pretax Income	2,342	2,225	2,267	1,977	2,119	1,183
Income Tax Expense	569.59	533.8	588.39	562.93	573.81	366.69
Earnings From Continuing Operations	1,773	1,691	1,678	1,414	1,545	816.73
Minority Interest in Earnings	-27.54	-21.91	-18.44	31.01	-31.15	52.53
Net Income	1,745	1,669	1,660	1,445	1,514	869.26
Net Income to Common	1,745	1,669	1,660	1,445	1,514	869.26
Net Income Growth	2.03%	0.55%	14.87%	-4.57%	74.19%	-20.80%
Shares Outstanding (Basic)	1,674	1,659	1,659	1,659	1,659	1,659
Shares Outstanding (Diluted)	1,674	1,659	1,659	1,659	1,659	1,659
Shares Change (YoY)	0.94%	-	-	-	-	-0.00%
EPS (Basic)	1.04	1.01	1.00	0.87	0.91	0.52
EPS (Diluted)	1.04	1.01	1.00	0.87	0.91	0.52
EPS Growth	1.08%	0.55%	14.88%	-4.57%	74.19%	-20.80%
Free Cash Flow	-819.88	280.46	536.98	621.72	1,675	1,142
Free Cash Flow Per Share	-0.49	0.17	0.32	0.38	1.01	0.69
Dividend Per Share	0.604	0.604	0.601	0.550	0.550	0.230
Dividend Growth	0.50%	0.50%	9.27%	-	139.13%	-
Gross Margin	37.61%	34.50%	39.55%	43.26%	60.00%	47.97%
Operating Margin	34.24%	31.41%	36.40%	39.51%	55.52%	43.32%
Profit Margin	25.01%	23.53%	25.03%	27.76%	38.62%	29.63%
Free Cash Flow Margin	-11.75%	3.96%	8.10%	11.94%	42.71%	38.92%
EBITDA	3,227	3,101	3,336	2,999	3,103	2,211
EBITDA Margin	46.25%	43.73%	50.30%	57.61%	79.14%	75.36%
D&A For EBITDA	837.52	873.54	921.56	942.42	926.26	940.12
EBIT	2,390	2,228	2,414	2,057	2,177	1,271
EBIT Margin	34.24%	31.41%	36.40%	39.51%	55.52%	43.32%
Effective Tax Rate	24.32%	23.99%	25.96%	28.48%	27.08%	30.99%
Revenue as Reported	6,978	7,092	6,631	5,206	3,921	2,934

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.