China Railway Group Limited (SHA: 601390)

China Railway Group 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	1,187,691	1,251,994	1,145,706	1,066,131	967,636	844,021
Other Revenue	11,547	11,480	8,653	7,141	7,113	6,864
Revenue	1,199,238	1,263,475	1,154,358	1,073,272	974,749	850,884
Revenue Growth (YoY)	0.88%	9.45%	7.56%	10.11%	14.56%	14.92%
Cost of Revenue	1,077,318	1,133,497	1,039,374	964,696	879,484	766,223
Gross Profit	121,920	129,978	114,984	108,575	95,265	84,661
Selling, General & Admin	34,965	36,232	32,765	31,256	28,256	27,524
Research & Development	28,276	30,000	27,742	24,756	21,838	16,511
Other Operating Expenses	5,349	5,908	6,605	5,909	5,686	5,508
Operating Expenses	74,377	77,682	69,003	66,567	56,649	51,275
Operating Income	47,542	52,295	45,981	42,008	38,616	33,386
Interest Expense	-12,649	-12,511	-9,826	-7,907	-7,562	-6,057
Interest & Investment Income	8,297	8,712	8,344	5,673	3,595	6,571
Currency Exchange Gain (Loss)	-132.49	-132.49	566.38	-80.38	-45.31	-40.39
Other Non Operating Income (Expenses)	-2,181	-2,795	-2,319	-962.35	-2,735	-1,714
EBT Excluding Unusual Items	40,877	45,569	42,747	38,732	31,868	32,146
Impairment of Goodwill	-125.13	-125.13	-	-	-	-0.02
Gain (Loss) on Sale of Investments	-420.88	-814.03	-1,088	-1,096	146.09	-1,792
Gain (Loss) on Sale of Assets	328.55	476.59	510.11	426.17	588.93	614.2
Asset Writedown	-372.22	-32.37	-578.04	-179.6	-138.01	-69.71
Legal Settlements	-192.71	-192.71	-460.07	-94.7	-207.25	-766.58
Other Unusual Items	986.46	986.46	1,389	-389.03	960.27	1,053
Pretax Income	41,283	46,070	42,583	37,586	33,383	31,332
Income Tax Expense	7,505	8,433	7,617	7,117	6,134	5,954
Earnings From Continuing Operations	33,777	37,636	34,967	30,470	27,249	25,378
Minority Interest in Earnings	-3,737	-4,154	-3,694	-2,852	-2,062	-1,701
Net Income	30,041	33,483	31,273	27,618	25,188	23,678
Preferred Dividends & Other Adjustments	1,697	1,697	1,832	2,149	1,520	1,559
Net Income to Common	28,343	31,785	29,441	25,468	23,668	22,119
Net Income Growth	-6.93%	7.07%	13.24%	9.65%	6.38%	37.68%
Shares Outstanding (Basic)	24,524	24,571	24,571	24,571	24,571	23,276
Shares Outstanding (Diluted)	24,524	24,571	24,571	24,571	24,571	23,276
Shares Change (YoY)	0.15%	-	-	-	5.56%	1.89%
EPS (Basic)	1.16	1.29	1.20	1.04	0.96	0.95
EPS (Diluted)	1.15	1.29	1.20	1.04	0.96	0.95
EPS Growth	-7.17%	7.85%	15.58%	7.63%	1.37%	32.31%
Free Cash Flow	-48,810	-20,082	-18,756	-42,904	-12,297	1,950
Free Cash Flow Per Share	-1.99	-0.82	-0.76	-1.75	-0.50	0.08
Dividend Per Share	0.210	0.210	0.200	0.196	0.180	0.169
Dividend Growth	5.00%	5.00%	2.04%	8.89%	6.51%	32.03%
Gross Margin	10.17%	10.29%	9.96%	10.12%	9.77%	9.95%
Operating Margin	3.96%	4.14%	3.98%	3.91%	3.96%	3.92%
Profit Margin	2.36%	2.52%	2.55%	2.37%	2.43%	2.60%
Free Cash Flow Margin	-4.07%	-1.59%	-1.62%	-4.00%	-1.26%	0.23%
EBITDA	60,046	63,915	56,421	51,918	48,098	43,379
EBITDA Margin	5.01%	5.06%	4.89%	4.84%	4.93%	5.10%
D&A For EBITDA	12,504	11,619	10,439	9,910	9,483	9,993
EBIT	47,542	52,295	45,981	42,008	38,616	33,386
EBIT Margin	3.96%	4.14%	3.98%	3.91%	3.96%	3.92%
Effective Tax Rate	18.18%	18.31%	17.89%	18.93%	18.37%	19.00%
Revenue as Reported	1,199,238	1,263,475	1,154,358	1,073,272	974,749	850,884

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