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

Daqin Railway 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	73,858	79,442	74,133	77,066	70,996	78,044
Other Revenue	1,579	1,579	1,625	1,616	1,667	1,873
Revenue	75,437	81,020	75,758	78,682	72,663	79,917
Revenue Growth (YoY)	-3.03%	6.95%	-3.72%	8.28%	-9.08%	2.01%
Cost of Revenue	62,804	64,285	60,635	61,509	58,529	61,704
Gross Profit	12,634	16,736	15,122	17,173	14,134	18,213
Selling, General & Admin	902.25	1,132	1,120	1,074	928.22	1,008
Research & Development	10.9	10.9	17.2	7.23	5.85	9.45
Other Operating Expenses	311.87	291.65	65.46	292.63	216.47	290.83
Operating Expenses	1,151	1,400	1,033	1,733	1,150	1,277
Operating Income	11,483	15,336	14,090	15,440	12,984	16,935
Interest Expense	-1,318	-1,638	-1,351	-1,569	-666.48	-478.01
Interest & Investment Income	3,515	4,081	3,976	4,300	3,157	3,422
Other Non Operating Income (Expenses)	100.53	-2.86	-2.68	2.99	-132.91	-4.56
EBT Excluding Unusual Items	13,780	17,776	16,712	18,175	15,341	19,874
Gain (Loss) on Sale of Assets	-62.92	-34	-20.6	-33.53	27.3	-48.64
Asset Writedown	-0.44	-0.44	-	-49.84	-	-
Other Unusual Items	57.8	-14.73	108.58	11.39	125.8	-34.59
Pretax Income	13,774	17,727	16,800	18,103	15,494	19,791
Income Tax Expense	3,163	4,168	3,947	4,330	3,362	4,621
Earnings From Continuing Operations	10,612	13,559	12,853	13,772	12,132	15,171
Minority Interest in Earnings	-1,190	-1,629	-1,657	-1,591	-1,366	-1,501
Net Income	9,422	11,930	11,196	12,181	10,766	13,669
Net Income to Common	9,422	11,930	11,196	12,181	10,766	13,669
Net Income Growth	-18.05%	6.55%	-8.09%	13.14%	-21.24%	-6.02%
Shares Outstanding (Basic)	16,719	15,076	14,867	14,855	14,953	14,858
Shares Outstanding (Diluted)	19,232	19,165	19,483	17,654	14,953	14,858
Shares Change (YoY)	-0.88%	-1.63%	10.36%	18.06%	0.64%	0.11%
EPS (Basic)	0.56	0.79	0.75	0.82	0.72	0.92
EPS (Diluted)	0.55	0.68	0.61	0.69	0.72	0.92
EPS Growth	-13.31%	10.83%	-10.89%	-4.17%	-21.74%	-6.12%
Free Cash Flow	1,975	9,954	8,979	15,289	10,414	9,766
Free Cash Flow Per Share	0.10	0.52	0.46	0.87	0.70	0.66
Dividend Per Share	0.512	0.382	0.480	0.480	0.480	0.480
Dividend Growth	6.65%	-20.43%	0%	0%	0%	0%
Gross Margin	16.75%	20.66%	19.96%	21.83%	19.45%	22.79%
Operating Margin	15.22%	18.93%	18.60%	19.62%	17.87%	21.19%
Profit Margin	12.49%	14.72%	14.78%	15.48%	14.82%	17.10%
Free Cash Flow Margin	2.62%	12.29%	11.85%	19.43%	14.33%	12.22%
EBITDA	16,517	20,352	19,083	20,255	20,084	24,227
EBITDA Margin	21.90%	25.12%	25.19%	25.74%	27.64%	30.31%
D&A For EBITDA	5,034	5,016	4,993	4,815	7,100	7,291
EBIT	11,483	15,336	14,090	15,440	12,984	16,935
EBIT Margin	15.22%	18.93%	18.60%	19.62%	17.87%	21.19%
Effective Tax Rate	22.96%	23.51%	23.49%	23.92%	21.70%	23.35%
Revenue as Reported	75,437	81,020	75,758	78,682	72,663	79,917

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