Jiangsu Expressway Company Limited (SHA:600377)

SHA:600377 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	21,694	22,133	13,851	11,787	12,649	7,328
Other Revenue	949.92	1,065	1,341	1,469	1,612	704.67
Revenue	22,644	23,198	15,192	13,256	14,261	8,032
Revenue Growth (YoY)	25.69%	52.70%	14.61%	-7.05%	77.54%	-20.30%
Cost of Revenue	16,421	17,105	9,583	8,846	9,007	4,688
Gross Profit	6,223	6,093	5,609	4,409	5,253	3,345
Selling, General & Admin	305.73	300.62	291.06	303.32	268.77	220.94
Other Operating Expenses	99.47	107.01	40.96	168.93	266.7	125.86
Operating Expenses	446.41	432.74	352.45	477.6	544.3	346.89
Operating Income	5,777	5,661	5,256	3,932	4,709	2,998
Interest Expense	-915.98	-968.83	-1,078	-1,105	-875.3	-455.35
Interest & Investment Income	1,451	1,801	1,494	1,891	1,230	625.36
Currency Exchange Gain (Loss)	-19.23	-5.79	-71.42	-2.81	-5.2	9.31
Other Non Operating Income (Expenses)	20.76	12.08	-5.66	-10.05	-3.14	-5.2
EBT Excluding Unusual Items	6,313	6,499	5,595	4,706	5,055	3,172
Gain (Loss) on Sale of Investments	-243.87	-149.7	85.94	-142.95	489.88	33.55
Gain (Loss) on Sale of Assets	-44.67	11.54	13.4	21.76	7.87	-5.02
Asset Writedown	-35.11	-27.28	-19.71	-	-6.98	-
Other Unusual Items	-21.48	-16.61	-1.97	-3.38	20.3	33.27
Pretax Income	5,968	6,317	5,672	4,581	5,566	3,234
Income Tax Expense	1,142	1,146	1,063	833.03	1,290	714.88
Earnings From Continuing Operations	4,826	5,170	4,610	3,748	4,277	2,519
Minority Interest in Earnings	-204.32	-223.72	-196.35	-23.87	3.27	-54.54
Net Income	4,622	4,947	4,413	3,724	4,280	2,464
Net Income to Common	4,622	4,947	4,413	3,724	4,280	2,464
Net Income Growth	-1.23%	12.09%	18.50%	-12.99%	73.69%	-41.32%
Shares Outstanding (Basic)	5,038	5,038	5,038	5,038	5,038	5,038
Shares Outstanding (Diluted)	5,038	5,038	5,038	5,038	5,038	5,038
Shares Change (YoY)	0.01%	-	-	-	-0.01%	0.01%
EPS (Basic)	0.92	0.98	0.88	0.74	0.85	0.49
EPS (Diluted)	0.92	0.98	0.88	0.74	0.85	0.49
EPS Growth	-1.24%	12.09%	18.51%	-12.99%	73.70%	-41.33%
Free Cash Flow	-4,503	-4,486	3,588	1,489	925.54	-1,108
Free Cash Flow Per Share	-0.89	-0.89	0.71	0.30	0.18	-0.22
Dividend Per Share	0.490	0.490	0.470	0.460	0.460	0.460
Dividend Growth	4.25%	4.25%	2.17%	-	-	-
Gross Margin	27.48%	26.27%	36.92%	33.27%	36.84%	41.64%
Operating Margin	25.51%	24.40%	34.60%	29.66%	33.02%	37.32%
Profit Margin	20.41%	21.32%	29.05%	28.09%	30.01%	30.68%
Free Cash Flow Margin	-19.89%	-19.34%	23.62%	11.23%	6.49%	-13.79%
EBITDA	8,317	8,188	7,772	5,966	6,868	4,623
EBITDA Margin	36.73%	35.30%	51.16%	45.01%	48.16%	57.55%
D&A For EBITDA	2,540	2,527	2,516	2,034	2,159	1,625
EBIT	5,777	5,661	5,256	3,932	4,709	2,998
EBIT Margin	25.51%	24.40%	34.60%	29.66%	33.02%	37.32%
Effective Tax Rate	19.13%	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.