Jiangsu Expressway Company Limited (SHA:600377)

SHA:600377 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	23,198	15,192	11,787	12,649	7,328
Other Revenue	-	-	1,469	1,612	704.67
Revenue	23,198	15,192	13,256	14,261	8,032
Revenue Growth (YoY)	52.70%	14.61%	-7.05%	77.54%	-20.30%
Cost of Revenue	17,105	9,583	8,846	9,007	4,688
Gross Profit	6,093	5,609	4,409	5,253	3,345
Selling, General & Admin	300.62	291.06	303.32	268.77	220.94
Other Operating Expenses	107.01	40.96	168.93	266.7	125.86
Operating Expenses	432.74	352.45	477.6	544.3	346.89
Operating Income	5,661	5,256	3,932	4,709	2,998
Interest Expense	-968.83	-1,078	-1,105	-875.3	-455.35
Interest & Investment Income	1,801	1,494	1,891	1,230	625.36
Currency Exchange Gain (Loss)	-5.79	-71.42	-2.81	-5.2	9.31
Other Non Operating Income (Expenses)	12.08	-5.66	-10.05	-3.14	-5.2
EBT Excluding Unusual Items	6,499	5,595	4,706	5,055	3,172
Gain (Loss) on Sale of Investments	-149.7	85.94	-142.95	489.88	33.55
Gain (Loss) on Sale of Assets	11.54	13.4	21.76	7.87	-5.02
Asset Writedown	-27.28	-19.71	-	-6.98	-
Other Unusual Items	-16.61	-1.97	-3.38	20.3	33.27
Pretax Income	6,317	5,672	4,581	5,566	3,234
Income Tax Expense	1,146	1,063	833.03	1,290	714.88
Earnings From Continuing Operations	5,170	4,610	3,748	4,277	2,519
Minority Interest in Earnings	-223.72	-196.35	-23.87	3.27	-54.54
Net Income	4,947	4,413	3,724	4,280	2,464
Net Income to Common	4,947	4,413	3,724	4,280	2,464
Net Income Growth	12.09%	18.50%	-12.99%	73.69%	-41.32%
Shares Outstanding (Basic)	5,038	5,038	5,038	5,038	5,038
Shares Outstanding (Diluted)	5,038	5,038	5,038	5,038	5,038
Shares Change (YoY)	-	-	-	-0.01%	0.01%
EPS (Basic)	0.98	0.88	0.74	0.85	0.49
EPS (Diluted)	0.98	0.88	0.74	0.85	0.49
EPS Growth	12.09%	18.51%	-12.99%	73.70%	-41.33%
Free Cash Flow	-4,486	3,588	1,489	925.54	-1,108
Free Cash Flow Per Share	-0.89	0.71	0.30	0.18	-0.22
Dividend Per Share	0.490	0.470	0.460	0.460	0.460
Dividend Growth	4.25%	2.17%	-	-	-
Gross Margin	26.27%	36.92%	33.27%	36.84%	41.64%
Operating Margin	24.40%	34.60%	29.66%	33.02%	37.32%
Profit Margin	21.32%	29.05%	28.09%	30.01%	30.68%
Free Cash Flow Margin	-19.34%	23.62%	11.23%	6.49%	-13.79%
EBITDA	8,188	7,772	5,966	6,868	4,623
EBITDA Margin	35.30%	51.16%	45.01%	48.16%	57.55%
D&A For EBITDA	2,527	2,516	2,034	2,159	1,625
EBIT	5,661	5,256	3,932	4,709	2,998
EBIT Margin	24.40%	34.60%	29.66%	33.02%	37.32%
Effective Tax Rate	18.15%	18.73%	18.18%	23.17%	22.11%
Revenue as Reported	-	-	-	-	8,032
Advertising Expenses	0.06	1.37	3.2	6.07	8.93

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