Fujian Expressway Development Co.,Ltd (SHA:600033)

SHA:600033 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	Jan 1, 2022	Dec 31, 2020
Operating Revenue	2,988	2,991	3,012	2,639	3,593	2,279
Other Revenue	35.15	35.15	37.84	32.43	18.25	47.24
Revenue	3,023	3,026	3,050	2,672	3,612	2,326
Revenue Growth (YoY)	-2.02%	-0.78%	14.14%	-26.03%	55.28%	-19.91%
Cost of Revenue	1,316	1,315	1,345	1,150	2,841	1,156
Gross Profit	1,707	1,711	1,704	1,522	770.75	1,170
Selling, General & Admin	106.43	105.53	107.41	96.14	396.98	71.5
Research & Development	-	-	-	-	246.56	-
Other Operating Expenses	19.04	16.89	15.21	16.11	-8.19	9.55
Operating Expenses	125.54	122.57	122.91	112.44	629.72	77.62
Operating Income	1,581	1,589	1,581	1,409	141.03	1,092
Interest Expense	-46	-46.41	-56.98	-91.69	-17.66	-143.28
Interest & Investment Income	56.36	54.38	60.98	74.05	18.31	41.03
Currency Exchange Gain (Loss)	-	-	-	-	-4.72	-
Other Non Operating Income (Expenses)	2.34	-0.31	-0.16	-0.48	0.79	2.34
EBT Excluding Unusual Items	1,597	1,596	1,585	1,391	137.75	992.52
Gain (Loss) on Sale of Investments	-	-	-	-	0.01	-
Gain (Loss) on Sale of Assets	-23.87	-23.87	-40.01	-1.3	-0.19	-208.86
Asset Writedown	-150.26	-150.26	-1.59	-0.31	-0.42	-
Other Unusual Items	4.21	4.91	8.49	17.22	83.87	4.74
Pretax Income	1,427	1,427	1,552	1,407	221.02	788.4
Income Tax Expense	407.66	404.76	405.77	348.38	18.26	210.06
Earnings From Continuing Operations	1,020	1,022	1,146	1,059	202.76	578.33
Net Income to Company	1,020	1,022	1,146	1,059	202.76	578.33
Minority Interest in Earnings	-236.45	-241.49	-244.06	-218.18	-2.1	-126.12
Net Income	783.09	780.77	902.26	840.39	200.67	452.21
Net Income to Common	783.09	780.77	902.26	840.39	200.67	452.21
Net Income Growth	-14.38%	-13.46%	7.36%	318.80%	-55.63%	-45.36%
Shares Outstanding (Basic)	2,745	2,744	2,744	2,745	489	2,744
Shares Outstanding (Diluted)	2,745	2,744	2,744	2,745	489	2,744
Shares Change (YoY)	0.02%	0.01%	-0.02%	460.77%	-82.16%	0.00%
EPS (Basic)	0.29	0.28	0.33	0.31	0.41	0.16
EPS (Diluted)	0.29	0.28	0.33	0.31	0.41	0.16
EPS Growth	-14.40%	-13.47%	7.38%	-25.32%	148.79%	-45.36%
Free Cash Flow	1,616	1,488	1,391	1,434	210.54	1,137
Free Cash Flow Per Share	0.59	0.54	0.51	0.52	0.43	0.41
Dividend Per Share	0.100	0.100	0.120	0.150	0.150	0.100
Dividend Growth	-16.67%	-16.67%	-20.00%	-	50.00%	100.00%
Gross Margin	56.46%	56.55%	55.88%	56.96%	21.34%	50.31%
Operating Margin	52.31%	52.50%	51.85%	52.76%	3.91%	46.97%
Profit Margin	25.91%	25.80%	29.59%	31.46%	5.56%	19.44%
Free Cash Flow Margin	53.47%	49.19%	45.62%	53.69%	5.83%	48.89%
EBITDA	2,504	2,512	2,506	2,188	169.91	1,866
EBITDA Margin	82.83%	83.00%	82.17%	81.88%	4.70%	80.22%
D&A For EBITDA	922.56	922.94	924.44	778.17	28.88	773.32
EBIT	1,581	1,589	1,581	1,409	141.03	1,092
EBIT Margin	52.31%	52.50%	51.85%	52.76%	3.91%	46.97%
Effective Tax Rate	28.56%	28.36%	26.14%	24.76%	8.26%	26.65%
Revenue as Reported	3,023	3,026	3,050	2,672	3,612	2,326
Advertising Expenses	-	-	-	-	49.65	-

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.