Daqin Railway Co., Ltd. (SHA:601006)

Daqin Railway 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	75,175	73,331	79,442	74,133	77,066	70,996
Other Revenue	1,296	1,296	1,579	1,625	1,616	1,667
Revenue	76,471	74,627	81,020	75,758	78,682	72,663
Revenue Growth (YoY)	1.37%	-7.89%	6.95%	-3.72%	8.28%	-9.08%
Cost of Revenue	68,300	63,208	64,285	60,635	61,509	58,529
Gross Profit	8,171	11,420	16,736	15,122	17,173	14,134
Selling, General & Admin	787.35	705.81	1,132	1,120	1,074	928.22
Research & Development	8.41	7.57	10.9	17.2	7.23	5.85
Other Operating Expenses	253.74	261.4	291.65	65.46	292.63	216.47
Operating Expenses	1,045	922.28	1,400	1,033	1,733	1,150
Operating Income	7,126	10,497	15,336	14,090	15,440	12,984
Interest Expense	-467.5	-900.74	-1,638	-1,351	-1,569	-666.48
Interest & Investment Income	3,673	3,735	4,081	3,976	4,300	3,157
Other Non Operating Income (Expenses)	30.06	-7.21	-2.86	-2.68	2.99	-132.91
EBT Excluding Unusual Items	10,362	13,324	17,776	16,712	18,175	15,341
Gain (Loss) on Sale of Assets	-63.19	-61.61	-34	-20.6	-33.53	27.3
Asset Writedown	-	-	-0.44	-	-49.84	-
Other Unusual Items	8.51	63.37	-14.73	108.58	11.39	125.8
Pretax Income	10,307	13,326	17,727	16,800	18,103	15,494
Income Tax Expense	2,607	3,051	4,168	3,947	4,330	3,362
Earnings From Continuing Operations	7,701	10,274	13,559	12,853	13,772	12,132
Minority Interest in Earnings	-1,040	-1,235	-1,629	-1,657	-1,591	-1,366
Net Income	6,660	9,039	11,930	11,196	12,181	10,766
Net Income to Common	6,660	9,039	11,930	11,196	12,181	10,766
Net Income Growth	-29.31%	-24.23%	6.55%	-8.09%	13.14%	-21.24%
Shares Outstanding (Basic)	19,785	17,631	15,076	14,867	14,855	14,953
Shares Outstanding (Diluted)	20,242	18,912	19,165	19,483	17,654	14,953
Shares Change (YoY)	5.25%	-1.32%	-1.64%	10.36%	18.06%	0.64%
EPS (Basic)	0.34	0.51	0.79	0.75	0.82	0.72
EPS (Diluted)	0.34	0.50	0.68	0.61	0.69	0.72
EPS Growth	-38.65%	-26.45%	10.83%	-10.89%	-4.17%	-21.74%
Free Cash Flow	3,903	4,784	9,954	8,979	15,289	10,414
Free Cash Flow Per Share	0.19	0.25	0.52	0.46	0.87	0.70
Dividend Per Share	0.220	0.269	0.380	0.480	0.480	0.480
Dividend Growth	-56.80%	-29.15%	-20.83%	-	-	-
Gross Margin	10.69%	15.30%	20.66%	19.96%	21.83%	19.45%
Operating Margin	9.32%	14.07%	18.93%	18.60%	19.62%	17.87%
Profit Margin	8.71%	12.11%	14.72%	14.78%	15.48%	14.82%
Free Cash Flow Margin	5.10%	6.41%	12.29%	11.85%	19.43%	14.33%
EBITDA	12,849	15,925	20,370	19,083	20,255	20,084
EBITDA Margin	16.80%	21.34%	25.14%	25.19%	25.74%	27.64%
D&A For EBITDA	5,723	5,428	5,034	4,993	4,815	7,100
EBIT	7,126	10,497	15,336	14,090	15,440	12,984
EBIT Margin	9.32%	14.07%	18.93%	18.60%	19.62%	17.87%
Effective Tax Rate	25.29%	22.90%	23.51%	23.49%	23.92%	21.70%
Revenue as Reported	76,471	74,627	81,020	75,758	78,682	72,663

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