Henan Zhongyuan Expressway Company Limited (SHA:600020)

SHA:600020 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	7,174	6,969	5,703	7,411	5,607	4,981
Other Revenue	-	-	-	-	-	95.8
Revenue	7,174	6,969	5,703	7,411	5,607	5,077
Revenue Growth (YoY)	28.25%	22.20%	-23.04%	32.17%	10.44%	-20.50%
Cost of Revenue	5,096	4,889	3,335	5,925	3,298	3,432
Gross Profit	2,078	2,080	2,367	1,486	2,308	1,645
Selling, General & Admin	206.94	209.7	236.57	187.88	222.82	160.22
Research & Development	0.5	0.5	-	0.5	0.37	2.45
Other Operating Expenses	62.91	49.14	51.83	59.66	95.23	144.95
Operating Expenses	334.41	335.28	320.6	253.33	314.04	307.91
Operating Income	1,743	1,745	2,047	1,232	1,994	1,337
Interest Expense	-851.47	-897.11	-1,088	-1,220	-1,358	-1,442
Interest & Investment Income	362.03	335.76	138.6	189.4	274.67	261.92
Currency Exchange Gain (Loss)	-	-	-	-	-	12.52
Other Non Operating Income (Expenses)	-35.28	-35.35	-38.76	-27.72	-14.82	15.22
EBT Excluding Unusual Items	1,219	1,148	1,059	173.78	895.79	184.44
Gain (Loss) on Sale of Investments	-	-	-10.25	-38.33	-	-
Gain (Loss) on Sale of Assets	0.08	0.08	-3.96	-2.3	18.17	1.71
Asset Writedown	-4.37	-4.37	-7.1	-18.44	-5.58	-5.09
Legal Settlements	-0.02	-0.02	-0	-0.02	-1.16	-0.31
Other Unusual Items	71.22	56.11	65.52	64.08	35.93	106.52
Pretax Income	1,285	1,200	1,103	178.76	943.14	287.27
Income Tax Expense	333.01	319	274.57	39.52	199.82	41.82
Earnings From Continuing Operations	952.4	880.63	828.64	139.24	743.32	245.45
Net Income to Company	952.4	880.63	828.64	139.24	743.32	245.45
Minority Interest in Earnings	-0.21	-0.24	-0.21	0.93	0.15	-3.05
Net Income	952.19	880.39	828.43	140.17	743.47	242.4
Preferred Dividends & Other Adjustments	127.01	127.01	114.62	98.62	103.06	103.34
Net Income to Common	825.18	753.38	713.81	41.55	640.41	139.06
Net Income Growth	31.07%	6.27%	491.00%	-81.15%	206.71%	-83.40%
Shares Outstanding (Basic)	2,231	2,248	2,248	2,246	2,247	2,246
Shares Outstanding (Diluted)	2,231	2,248	2,248	2,246	2,247	2,246
Shares Change (YoY)	-2.44%	0.00%	0.06%	-0.04%	0.03%	-0.05%
EPS (Basic)	0.37	0.34	0.32	0.02	0.28	0.06
EPS (Diluted)	0.37	0.34	0.32	0.02	0.28	0.06
EPS Growth	38.23%	5.54%	1616.76%	-93.51%	360.42%	-89.19%
Free Cash Flow	-323.83	-941.93	1,331	-1,561	2,487	1,313
Free Cash Flow Per Share	-0.14	-0.42	0.59	-0.69	1.11	0.58
Dividend Per Share	0.170	0.170	0.149	0.019	0.100	0.035
Dividend Growth	14.09%	14.09%	684.21%	-81.00%	185.71%	-39.66%
Gross Margin	28.96%	29.84%	41.51%	20.05%	41.17%	32.40%
Operating Margin	24.30%	25.03%	35.89%	16.63%	35.57%	26.34%
Profit Margin	11.50%	10.81%	12.52%	0.56%	11.42%	2.74%
Free Cash Flow Margin	-4.51%	-13.52%	23.35%	-21.07%	44.35%	25.86%
EBITDA	2,944	2,936	3,202	2,334	3,550	3,040
EBITDA Margin	41.03%	42.13%	56.15%	31.49%	63.31%	59.88%
D&A For EBITDA	1,200	1,191	1,155	1,102	1,555	1,703
EBIT	1,743	1,745	2,047	1,232	1,994	1,337
EBIT Margin	24.30%	25.03%	35.89%	16.63%	35.57%	26.34%
Effective Tax Rate	25.91%	26.59%	24.89%	22.11%	21.19%	14.56%
Revenue as Reported	7,174	6,969	5,703	7,411	5,607	5,077
Advertising Expenses	-	1.05	3.65	3.61	7.6	9.16

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.