China United Network Communications Limited (SHA: 600050)

China United Network Communications 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	343,600	335,170	319,348	296,153	275,814	264,386
Other Revenue	37,427	37,427	35,595	31,701	28,024	26,128
Revenue	381,027	372,597	354,944	327,854	303,838	290,515
Revenue Growth (YoY)	2.25%	4.97%	8.26%	7.90%	4.59%	-0.12%
Cost of Revenue	285,280	281,405	269,186	247,825	224,889	214,497
Gross Profit	95,747	91,192	85,758	80,030	78,949	76,017
Selling, General & Admin	58,424	59,831	57,436	56,992	56,220	56,522
Research & Development	9,222	8,099	6,836	4,792	2,964	1,709
Other Operating Expenses	3,622	1,542	1,397	1,427	1,354	1,236
Operating Expenses	81,647	75,292	71,187	65,770	65,677	62,679
Operating Income	14,100	15,900	14,571	14,259	13,273	13,339
Interest Expense	-1,675	-1,846	-962.96	-1,229	-1,456	-1,878
Interest & Investment Income	6,752	6,911	6,076	5,592	4,213	3,444
Currency Exchange Gain (Loss)	54.77	54.77	15.49	-7.55	-46.41	-39.24
Other Non Operating Income (Expenses)	-647.28	-371.15	-1,086	-320.58	-186.27	-157.21
EBT Excluding Unusual Items	18,584	20,649	18,614	18,294	15,797	14,708
Gain (Loss) on Sale of Investments	1.59	113.61	23.67	-38.97	154.22	96.07
Gain (Loss) on Sale of Assets	953.89	-778.4	-1,340	-3,523	-2,258	-2,127
Asset Writedown	-655.07	-567.78	-675.93	-298.65	-127.7	-10.86
Other Unusual Items	5,956	3,294	3,746	3,374	2,394	1,368
Pretax Income	24,840	22,710	20,367	17,807	15,960	14,035
Income Tax Expense	4,468	3,997	3,716	3,391	3,435	2,771
Earnings From Continuing Operations	20,373	18,713	16,651	14,416	12,525	11,264
Minority Interest in Earnings	-11,439	-10,540	-9,352	-8,111	-7,004	-6,282
Net Income	8,933	8,173	7,299	6,305	5,521	4,982
Preferred Dividends & Other Adjustments	211.67	211.67	186.87	45.4	94.41	123.06
Net Income to Common	8,722	7,961	7,113	6,260	5,427	4,859
Net Income Growth	11.04%	11.96%	15.76%	14.20%	10.82%	22.09%
Shares Outstanding (Basic)	30,389	30,451	30,392	30,350	30,461	30,234
Shares Outstanding (Diluted)	30,389	30,451	30,392	30,350	30,461	30,234
Shares Change (YoY)	-2.30%	0.20%	0.14%	-0.37%	0.75%	-
EPS (Basic)	0.29	0.26	0.23	0.21	0.18	0.16
EPS (Diluted)	0.29	0.26	0.23	0.21	0.18	0.16
EPS Growth	13.43%	11.54%	13.59%	15.73%	10.76%	21.75%
Free Cash Flow	16,522	24,970	29,241	39,925	48,678	35,842
Free Cash Flow Per Share	0.54	0.82	0.96	1.32	1.60	1.19
Dividend Per Share	0.148	0.132	0.109	0.088	0.067	0.060
Dividend Growth	21.26%	21.10%	24.00%	31.39%	10.76%	13.32%
Gross Margin	25.13%	24.47%	24.16%	24.41%	25.98%	26.17%
Operating Margin	3.70%	4.27%	4.11%	4.35%	4.37%	4.59%
Profit Margin	2.29%	2.14%	2.00%	1.91%	1.79%	1.67%
Free Cash Flow Margin	4.34%	6.70%	8.24%	12.18%	16.02%	12.34%
EBITDA	70,305	77,895	84,286	84,149	80,830	82,565
EBITDA Margin	18.45%	20.91%	23.75%	25.67%	26.60%	28.42%
D&A For EBITDA	56,205	61,995	69,715	69,890	67,557	69,227
EBIT	14,100	15,900	14,571	14,259	13,273	13,339
EBIT Margin	3.70%	4.27%	4.11%	4.35%	4.37%	4.59%
Effective Tax Rate	17.99%	17.60%	18.25%	19.04%	21.52%	19.74%
Revenue as Reported	8,430	-	-	-	303,838	-

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