Shanghai Tunnel Engineering Co., Ltd. (SHA: 600820)

Shanghai Tunnel Engineering 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	69,804	73,823	72,003	61,987	53,832	46,252
Other Revenue	370.61	370.61	294.37	239.38	182.56	315.75
Revenue	70,175	74,193	72,297	62,226	54,014	46,568
Revenue Growth (YoY)	-7.89%	2.62%	16.18%	15.20%	15.99%	24.96%
Cost of Revenue	63,142	66,588	63,456	54,122	48,014	40,725
Gross Profit	7,033	7,605	8,841	8,104	6,000	5,843
Selling, General & Admin	1,819	1,857	1,673	1,506	1,374	1,555
Research & Development	3,034	2,977	2,686	2,172	2,114	1,678
Other Operating Expenses	240.63	139.71	122.73	92.17	105.31	99.24
Operating Expenses	5,132	5,199	4,623	3,876	3,667	3,370
Operating Income	1,901	2,407	4,218	4,227	2,334	2,473
Interest Expense	-1,917	-1,827	-1,545	-1,724	-795.47	-728.99
Interest & Investment Income	3,633	3,172	1,130	358.58	1,099	988.47
Currency Exchange Gain (Loss)	0.93	0.93	-36.33	4.23	9.78	-6.8
Other Non Operating Income (Expenses)	-151.54	-163.03	-144.94	-24.91	-41.42	28.17
EBT Excluding Unusual Items	3,466	3,589	3,621	2,841	2,605	2,754
Gain (Loss) on Sale of Investments	122.61	17.23	21.25	5.67	-	-
Gain (Loss) on Sale of Assets	239.38	158	59.92	-16.86	-0.97	44.9
Asset Writedown	-24.59	-	-	-	-1.95	-
Other Unusual Items	166.64	166.64	164.82	146.17	182.18	107.01
Pretax Income	3,970	3,931	3,867	2,976	2,785	2,906
Income Tax Expense	777.73	756.77	827.16	549.53	484.82	643.74
Earnings From Continuing Operations	3,193	3,175	3,040	2,427	2,300	2,262
Minority Interest in Earnings	-248.54	-235.7	-184.37	-33.76	-39.54	-43.95
Net Income	2,944	2,939	2,855	2,393	2,260	2,218
Net Income to Common	2,944	2,939	2,855	2,393	2,260	2,218
Net Income Growth	-0.77%	2.92%	19.32%	5.87%	1.91%	12.09%
Shares Outstanding (Basic)	3,168	3,160	3,138	3,149	3,139	3,124
Shares Outstanding (Diluted)	3,168	3,160	3,138	3,149	3,139	3,124
Shares Change (YoY)	1.69%	0.71%	-0.35%	0.30%	0.49%	-0.54%
EPS (Basic)	0.93	0.93	0.91	0.76	0.72	0.71
EPS (Diluted)	0.93	0.93	0.91	0.76	0.72	0.71
EPS Growth	-2.42%	2.20%	19.74%	5.56%	1.41%	12.70%
Free Cash Flow	3,711	1,117	362.8	1,268	2,029	3,967
Free Cash Flow Per Share	1.17	0.35	0.12	0.40	0.65	1.27
Dividend Per Share	0.330	0.330	0.270	0.230	0.220	0.210
Dividend Growth	-10.81%	22.22%	17.39%	4.55%	4.76%	10.53%
Gross Margin	10.02%	10.25%	12.23%	13.02%	11.11%	12.55%
Operating Margin	2.71%	3.24%	5.83%	6.79%	4.32%	5.31%
Profit Margin	4.20%	3.96%	3.95%	3.85%	4.18%	4.76%
Free Cash Flow Margin	5.29%	1.51%	0.50%	2.04%	3.76%	8.52%
EBITDA	3,635	3,896	5,381	5,100	3,091	3,457
EBITDA Margin	5.18%	5.25%	7.44%	8.20%	5.72%	7.42%
D&A For EBITDA	1,734	1,489	1,163	872.77	756.93	983.7
EBIT	1,901	2,407	4,218	4,227	2,334	2,473
EBIT Margin	2.71%	3.24%	5.83%	6.79%	4.32%	5.31%
Effective Tax Rate	19.59%	19.25%	21.39%	18.46%	17.41%	22.15%
Revenue as Reported	70,175	74,193	72,297	62,226	54,014	46,568
Advertising Expenses	-	0.96	0.55	1.01	2.6	0.95

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