China State Construction Engineering Corporation Limited (SHA: 601668)

China State Construction Engineering Corporation 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	2,210,523	2,255,223	2,046,879	1,889,151	1,612,062	1,415,382
Other Revenue	10,306	10,306	8,173	3,556	2,989	4,454
Revenue	2,220,828	2,265,529	2,055,052	1,892,706	1,615,051	1,419,837
Revenue Growth (YoY)	1.39%	10.24%	8.58%	17.19%	13.75%	18.39%
Cost of Revenue	2,006,112	2,045,181	1,842,402	1,677,978	1,440,350	1,262,036
Gross Profit	214,717	220,348	212,650	214,728	174,701	157,801
Selling, General & Admin	42,460	42,030	40,540	40,818	34,526	32,016
Research & Development	42,883	46,074	49,753	40,020	25,523	17,290
Other Operating Expenses	12,571	13,424	11,543	14,401	15,283	16,918
Operating Expenses	108,331	111,474	111,004	106,771	78,069	69,422
Operating Income	106,386	108,874	101,646	107,957	96,631	88,379
Interest Expense	-22,207	-20,111	-17,895	-14,023	-12,428	-10,476
Interest & Investment Income	8,030	8,609	9,589	7,900	9,927	7,861
Currency Exchange Gain (Loss)	-1,209	-1,209	-3,344	2,017	2,651	495.82
Other Non Operating Income (Expenses)	-1,668	-3,137	-4,190	-2,733	-2,205	-1,701
EBT Excluding Unusual Items	89,333	93,027	85,807	101,119	94,577	84,558
Impairment of Goodwill	-	-	-	-0.03	-16.13	-
Gain (Loss) on Sale of Investments	-22.26	-9.44	-116.3	-236.59	50.77	-484.75
Gain (Loss) on Sale of Assets	328.54	226.08	432.39	332.74	166.17	131.11
Asset Writedown	-2,750	-643.69	-462.65	-134.14	-360.31	-183.18
Legal Settlements	-142.11	-142.11	319.94	-142.13	-471.29	-2,753
Other Unusual Items	537.44	537.44	2,856	99.81	326.44	199.1
Pretax Income	87,285	92,995	88,835	101,038	94,272	81,468
Income Tax Expense	18,337	19,456	19,624	23,167	23,341	18,263
Earnings From Continuing Operations	68,948	73,540	69,212	77,871	70,931	63,205
Minority Interest in Earnings	-18,634	-19,276	-18,261	-26,323	-26,006	-21,324
Net Income	50,314	54,264	50,950	51,549	44,925	41,881
Preferred Dividends & Other Adjustments	207.19	207.19	585.66	589.75	751.14	1,989
Net Income to Common	50,107	54,057	50,365	50,959	44,174	39,893
Net Income Growth	-1.47%	6.50%	-1.16%	14.74%	7.27%	9.52%
Shares Outstanding (Basic)	41,127	41,290	40,837	40,623	41,152	41,175
Shares Outstanding (Diluted)	41,555	41,391	41,126	40,623	41,152	41,175
Shares Change (YoY)	0.84%	0.64%	1.24%	-1.29%	-0.06%	-1.09%
EPS (Basic)	1.22	1.31	1.23	1.25	1.07	0.97
EPS (Diluted)	1.21	1.31	1.23	1.25	1.07	0.96
EPS Growth	-1.95%	6.22%	-1.51%	16.45%	12.38%	12.71%
Free Cash Flow	-89,133	-28,779	-25,431	-22,648	-32,483	-58,469
Free Cash Flow Per Share	-2.14	-0.70	-0.62	-0.56	-0.79	-1.42
Dividend Per Share	0.271	0.271	0.253	0.250	0.215	0.185
Dividend Growth	7.42%	7.42%	1.08%	16.44%	16.05%	10.12%
Gross Margin	9.67%	9.73%	10.35%	11.35%	10.82%	11.11%
Operating Margin	4.79%	4.81%	4.95%	5.70%	5.98%	6.22%
Profit Margin	2.26%	2.39%	2.45%	2.69%	2.74%	2.81%
Free Cash Flow Margin	-4.01%	-1.27%	-1.24%	-1.20%	-2.01%	-4.12%
EBITDA	119,482	120,935	112,328	117,353	105,236	96,991
EBITDA Margin	5.38%	5.34%	5.47%	6.20%	6.52%	6.83%
D&A For EBITDA	13,095	12,061	10,682	9,396	8,604	8,612
EBIT	106,386	108,874	101,646	107,957	96,631	88,379
EBIT Margin	4.79%	4.81%	4.95%	5.70%	5.98%	6.22%
Effective Tax Rate	21.01%	20.92%	22.09%	22.93%	24.76%	22.42%

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