Grandblue Environment Co., Ltd. (SHA:600323)

Grandblue Environment 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	11,946	12,177	12,510	11,469	7,236	5,881
Other Revenue	364.09	364.09	365.29	307.53	245.55	279.26
Revenue	12,310	12,541	12,875	11,777	7,481	6,160
Revenue Growth (YoY)	0.68%	-2.59%	9.33%	57.41%	21.45%	27.04%
Operations & Maintenance	14.81	14.81	11.39	12.21	10.57	5.73
Selling, General & Admin	775.52	748.93	730.74	676.33	566.28	442.44
Provision for Bad Debts	239.29	154.14	79.9	67.88	36.56	19.98
Other Operating Expenses	8,935	9,465	10,321	9,053	5,236	4,379
Total Operating Expenses	10,047	10,464	11,235	9,938	5,960	4,915
Operating Income	2,264	2,077	1,640	1,839	1,521	1,245
Interest Expense	-510.17	-514.46	-500.83	-475.06	-335.38	-242.41
Interest Income	106.38	85.17	66.47	85.56	92.2	77.75
Net Interest Expense	-403.79	-429.3	-434.36	-389.5	-243.17	-164.67
Currency Exchange Gain (Loss)	-0.14	-0.14	-0.03	0.5	3.62	-
Other Non-Operating Income (Expenses)	-2.39	-3.33	9.67	14.79	-12.1	-9.09
EBT Excluding Unusual Items	1,858	1,645	1,215	1,465	1,269	1,072
Gain (Loss) on Sale of Investments	1.5	1.5	-0.35	-0.32	0.86	-0.66
Gain (Loss) on Sale of Assets	1.54	2.25	4.7	-4.15	-9.84	0.87
Asset Writedown	57.89	-9.6	0.44	-81.06	-15.92	-19.6
Other Unusual Items	191.66	191.66	189.56	57.17	54	63.54
Pretax Income	2,110	1,831	1,410	1,436	1,299	1,116
Income Tax Expense	426.25	360.86	238.26	250.19	240.91	212.2
Earnings From Continuing Ops.	1,684	1,470	1,171	1,186	1,058	903.64
Minority Interest in Earnings	-34.85	-40.01	-29.78	-22.7	-0.2	8.97
Net Income	1,649	1,430	1,142	1,163	1,057	912.6
Net Income to Common	1,649	1,430	1,142	1,163	1,057	912.6
Net Income Growth	14.45%	25.24%	-1.88%	10.02%	15.88%	4.49%
Shares Outstanding (Basic)	817	817	815	802	766	767
Shares Outstanding (Diluted)	817	817	815	802	783	767
Shares Change (YoY)	0.36%	0.19%	1.63%	2.43%	2.14%	0.10%
EPS (Basic)	2.02	1.75	1.40	1.45	1.38	1.19
EPS (Diluted)	2.02	1.75	1.40	1.45	1.35	1.19
EPS Growth	14.04%	25.00%	-3.45%	7.41%	13.44%	4.39%
Free Cash Flow	316.77	433.97	-1,972	-1,125	-1,609	-2,330
Free Cash Flow Per Share	0.39	0.53	-2.42	-1.40	-2.05	-3.04
Dividend Per Share	0.480	0.480	0.220	0.220	0.220	0.220
Dividend Growth	118.18%	118.18%	-	-	-	10.00%
Profit Margin	13.40%	11.40%	8.87%	9.88%	14.13%	14.82%
Free Cash Flow Margin	2.57%	3.46%	-15.31%	-9.55%	-21.50%	-37.83%
EBITDA	3,480	3,167	2,561	2,684	2,451	1,964
EBITDA Margin	28.27%	25.25%	19.89%	22.79%	32.77%	31.88%
D&A For EBITDA	1,216	1,090	921.13	845.39	930.19	718.11
EBIT	2,264	2,077	1,640	1,839	1,521	1,245
EBIT Margin	18.39%	16.56%	12.74%	15.61%	20.33%	20.22%
Effective Tax Rate	20.20%	19.71%	16.90%	17.42%	18.55%	19.02%
Revenue as Reported	12,310	12,541	12,875	11,777	7,481	6,160

Source: S&P Global Market Intelligence. Utility template. Financial Sources.