H&E Equipment Services Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	25,546	26,782	29,643	31,428	33,571	34,105	Upgrade
Other Revenue	892.55	892.55	875.76	857.52	1,079	1,116	Upgrade
Revenue	26,438	27,675	30,519	32,286	34,650	35,221	Upgrade
Revenue Growth (YoY)	-11.44%	-9.32%	-5.47%	-6.82%	-1.62%	-30.20%	Upgrade
Cost of Revenue	19,592	20,520	22,430	24,237	25,393	26,330	Upgrade
Gross Profit	6,846	7,155	8,089	8,048	9,257	8,890	Upgrade
Selling, General & Admin	6,584	6,784	7,283	7,659	7,841	7,787	Upgrade
Research & Development	8.02	7.45	18.67	17.77	21.76	17.42	Upgrade
Other Operating Expenses	326.65	345.68	366.62	282.89	367.54	315.94	Upgrade
Operating Expenses	6,926	7,144	7,677	7,961	8,231	8,124	Upgrade
Operating Income	-79.55	10.8	412.05	87.41	1,026	765.76	Upgrade
Interest Expense	-507.18	-527.36	-578.46	-639.37	-647.99	-459.12	Upgrade
Interest & Investment Income	2,662	2,475	625.48	1,282	700.05	750.95	Upgrade
Currency Exchange Gain (Loss)	-0.24	-0.24	-0.01	-0.45	-0.34	-0.04	Upgrade
Other Non Operating Income (Expenses)	-6.03	-28.45	65.05	-95.22	-15.28	-42.36	Upgrade
EBT Excluding Unusual Items	2,069	1,930	524.1	634.31	1,062	1,015	Upgrade
Merger & Restructuring Charges	-	-	-	-23.07	-3.35	-259.24	Upgrade
Impairment of Goodwill	-1.92	-1.92	-1.92	-1.92	-	-	Upgrade
Gain (Loss) on Sale of Investments	116.65	129.38	-197.19	-16.52	14.4	-57.01	Upgrade
Gain (Loss) on Sale of Assets	114.85	133.54	49.26	30.59	59.71	324.96	Upgrade
Asset Writedown	-16.37	-16.37	-16.47	-38.79	-113.68	-82.78	Upgrade
Other Unusual Items	86.14	86.14	112.06	426.36	160.6	452.66	Upgrade
Pretax Income	2,368	2,260	469.84	1,011	1,180	1,394	Upgrade
Income Tax Expense	873.09	876.96	526.55	411.04	546.85	631.4	Upgrade
Earnings From Continuing Operations	1,495	1,383	-56.72	599.91	632.79	762.39	Upgrade
Minority Interest in Earnings	72.37	183.98	455.83	74.16	119.73	7.82	Upgrade
Net Income	1,568	1,567	399.11	674.07	752.52	770.21	Upgrade
Net Income to Common	1,568	1,567	399.11	674.07	752.52	770.21	Upgrade
Net Income Growth	309.32%	292.73%	-40.79%	-10.42%	-2.30%	-19.62%	Upgrade
Shares Outstanding (Basic)	1,785	1,784	1,784	1,784	1,792	1,791	Upgrade
Shares Outstanding (Diluted)	1,785	1,784	1,784	1,784	1,792	1,791	Upgrade
Shares Change (YoY)	-0.14%	-	-	-0.42%	0.03%	0.95%	Upgrade
EPS (Basic)	0.88	0.88	0.22	0.38	0.42	0.43	Upgrade
EPS (Diluted)	0.88	0.88	0.22	0.38	0.42	0.43	Upgrade
EPS Growth	317.08%	299.33%	-41.77%	-10.05%	-2.33%	-20.37%	Upgrade
Free Cash Flow	1,008	2,414	2,496	2,489	2,170	2,941	Upgrade
Free Cash Flow Per Share	0.56	1.35	1.40	1.40	1.21	1.64	Upgrade
Dividend Per Share	0.265	0.265	0.120	0.120	0.150	0.150	Upgrade
Dividend Growth	120.83%	120.83%	-	-20.00%	-	50.00%	Upgrade
Gross Margin	25.89%	25.85%	26.51%	24.93%	26.71%	25.24%	Upgrade
Operating Margin	-0.30%	0.04%	1.35%	0.27%	2.96%	2.17%	Upgrade
Profit Margin	5.93%	5.66%	1.31%	2.09%	2.17%	2.19%	Upgrade
Free Cash Flow Margin	3.81%	8.72%	8.18%	7.71%	6.26%	8.35%	Upgrade
EBITDA	1,057	1,143	1,528	1,244	2,172	1,885	Upgrade
EBITDA Margin	4.00%	4.13%	5.01%	3.85%	6.27%	5.35%	Upgrade
D&A For EBITDA	1,137	1,132	1,116	1,157	1,146	1,119	Upgrade
EBIT	-79.55	10.8	412.05	87.41	1,026	765.76	Upgrade
EBIT Margin	-0.30%	0.04%	1.35%	0.27%	2.96%	2.17%	Upgrade
Effective Tax Rate	36.86%	38.80%	112.07%	40.66%	46.36%	45.30%	Upgrade
Revenue as Reported	26,438	27,675	30,519	32,286	34,650	35,221	Upgrade

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