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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	72,863	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	74,160	74,627	81,020	75,758	78,682	72,663
Revenue Growth (YoY)	-6.66%	-7.89%	6.95%	-3.72%	8.28%	-9.08%
Cost of Revenue	63,719	63,208	64,285	60,635	61,509	58,529
Gross Profit	10,441	11,420	16,736	15,122	17,173	14,134
Selling, General & Admin	713.94	705.81	1,132	1,120	1,074	928.22
Research & Development	7.57	7.57	10.9	17.2	7.23	5.85
Other Operating Expenses	267.9	261.4	291.65	65.46	292.63	216.47
Operating Expenses	934.97	922.28	1,400	1,033	1,733	1,150
Operating Income	9,506	10,497	15,336	14,090	15,440	12,984
Interest Expense	-730.89	-900.74	-1,638	-1,351	-1,569	-666.48
Interest & Investment Income	3,666	3,735	4,081	3,976	4,300	3,157
Earnings From Equity Investments	-7.56	-	-	-	-	-
Other Non Operating Income (Expenses)	-9.76	-7.21	-2.86	-2.68	2.99	-132.91
EBT Excluding Unusual Items	12,424	13,324	17,776	16,712	18,175	15,341
Gain (Loss) on Sale of Assets	-63.26	-61.61	-34	-20.6	-33.53	27.3
Asset Writedown	-	-	-0.44	-	-49.84	-
Other Unusual Items	74.71	63.37	-14.73	108.58	11.39	125.8
Pretax Income	12,435	13,326	17,727	16,800	18,103	15,494
Income Tax Expense	2,717	3,051	4,168	3,947	4,330	3,362
Earnings From Continuing Operations	9,718	10,274	13,559	12,853	13,772	12,132
Minority Interest in Earnings	-1,155	-1,235	-1,629	-1,657	-1,591	-1,366
Net Income	8,564	9,039	11,930	11,196	12,181	10,766
Net Income to Common	8,564	9,039	11,930	11,196	12,181	10,766
Net Income Growth	-24.36%	-24.23%	6.55%	-8.09%	13.14%	-21.24%
Shares Outstanding (Basic)	18,344	17,631	15,076	14,867	14,855	14,953
Shares Outstanding (Diluted)	19,376	18,912	19,165	19,483	17,654	14,953
Shares Change (YoY)	1.57%	-1.32%	-1.64%	10.36%	18.06%	0.64%
EPS (Basic)	0.47	0.51	0.79	0.75	0.82	0.72
EPS (Diluted)	0.46	0.50	0.68	0.61	0.69	0.72
EPS Growth	-28.81%	-26.45%	10.83%	-10.89%	-4.17%	-21.74%
Free Cash Flow	1,710	4,784	9,954	8,979	15,289	10,414
Free Cash Flow Per Share	0.09	0.25	0.52	0.46	0.87	0.70
Dividend Per Share	0.269	0.269	0.380	0.480	0.480	0.480
Dividend Growth	-29.15%	-29.15%	-20.83%	-	-	-
Gross Margin	14.08%	15.30%	20.66%	19.96%	21.83%	19.45%
Operating Margin	12.82%	14.07%	18.93%	18.60%	19.62%	17.87%
Profit Margin	11.55%	12.11%	14.72%	14.78%	15.48%	14.82%
Free Cash Flow Margin	2.31%	6.41%	12.29%	11.85%	19.43%	14.33%
EBITDA	15,032	15,925	20,370	19,083	20,255	20,084
EBITDA Margin	20.27%	21.34%	25.14%	25.19%	25.74%	27.64%
D&A For EBITDA	5,526	5,428	5,034	4,993	4,815	7,100
EBIT	9,506	10,497	15,336	14,090	15,440	12,984
EBIT Margin	12.82%	14.07%	18.93%	18.60%	19.62%	17.87%
Effective Tax Rate	21.85%	22.90%	23.51%	23.49%	23.92%	21.70%
Revenue as Reported	74,160	74,627	81,020	75,758	78,682	72,663

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