Power Construction Corporation of China, Ltd (SHA: 601669)

Power Construction Corporation of China, 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	611,107	606,110	569,504	562,779	399,522	346,327
Other Revenue	2,394	2,394	2,213	2,340	1,662	1,706
Revenue	613,501	608,504	571,716	565,119	401,184	348,032
Revenue Growth (YoY)	2.96%	6.43%	1.17%	40.86%	15.27%	18.10%
Cost of Revenue	531,851	527,953	501,879	497,263	344,541	299,960
Gross Profit	81,650	80,550	69,837	67,857	56,642	48,072
Selling, General & Admin	20,108	19,747	18,015	17,154	12,557	12,544
Research & Development	23,897	23,229	20,801	19,594	15,269	11,288
Other Operating Expenses	1,579	1,381	1,443	1,607	1,740	2,431
Operating Expenses	49,458	48,125	42,967	41,077	31,879	27,798
Operating Income	32,191	32,425	26,870	26,780	24,763	20,274
Interest Expense	-15,338	-14,938	-13,307	-12,938	-10,301	-10,838
Interest & Investment Income	7,014	7,311	6,622	7,214	7,289	4,705
Currency Exchange Gain (Loss)	-436.26	-427.79	1,734	-1,616	-2,306	346.23
Other Non Operating Income (Expenses)	-3,671	-3,708	-2,643	-1,848	-1,880	-1,422
EBT Excluding Unusual Items	19,760	20,662	19,277	17,592	17,567	13,066
Impairment of Goodwill	-	-	-5.75	-214.14	-465.9	-77.12
Gain (Loss) on Sale of Investments	30.74	3.85	-46.59	-30.48	19.77	7.82
Gain (Loss) on Sale of Assets	887.75	213.99	226.34	1,091	130.01	403.49
Asset Writedown	-657.48	-84.58	-485	-140.06	-1,150	-47.97
Other Unusual Items	121.19	121.19	281.02	267.93	106.31	334.29
Pretax Income	20,142	20,916	19,247	18,566	16,207	13,687
Income Tax Expense	3,431	3,731	3,564	3,702	3,471	3,085
Earnings From Continuing Operations	16,711	17,185	15,683	14,864	12,736	10,602
Minority Interest in Earnings	-4,407	-4,197	-4,248	-5,000	-4,749	-3,362
Net Income	12,304	12,988	11,435	9,864	7,987	7,240
Net Income to Common	12,304	12,988	11,435	9,864	7,987	7,240
Net Income Growth	-0.06%	13.58%	15.92%	23.50%	10.33%	-5.92%
Shares Outstanding (Basic)	19,113	19,031	16,747	17,031	17,243	15,852
Shares Outstanding (Diluted)	19,113	19,031	16,747	17,031	17,243	15,852
Shares Change (YoY)	2.67%	13.63%	-1.67%	-1.23%	8.78%	-0.25%
EPS (Basic)	0.64	0.68	0.68	0.58	0.46	0.46
EPS (Diluted)	0.64	0.68	0.68	0.58	0.46	0.46
EPS Growth	-2.66%	-0.04%	17.89%	25.04%	1.42%	-5.68%
Free Cash Flow	-51,962	-51,401	-26,919	-22,022	-28,236	-68,887
Free Cash Flow Per Share	-2.72	-2.70	-1.61	-1.29	-1.64	-4.35
Dividend Per Share	0.136	0.136	0.120	0.100	0.093	0.040
Dividend Growth	13.68%	13.68%	20.59%	7.48%	133.00%	-58.94%
Gross Margin	13.31%	13.24%	12.22%	12.01%	14.12%	13.81%
Operating Margin	5.25%	5.33%	4.70%	4.74%	6.17%	5.83%
Profit Margin	2.01%	2.13%	2.00%	1.75%	1.99%	2.08%
Free Cash Flow Margin	-8.47%	-8.45%	-4.71%	-3.90%	-7.04%	-19.79%
EBITDA	50,899	49,593	41,986	39,610	34,178	29,616
EBITDA Margin	8.30%	8.15%	7.34%	7.01%	8.52%	8.51%
D&A For EBITDA	18,707	17,168	15,115	12,830	9,415	9,342
EBIT	32,191	32,425	26,870	26,780	24,763	20,274
EBIT Margin	5.25%	5.33%	4.70%	4.74%	6.17%	5.83%
Effective Tax Rate	17.03%	17.84%	18.52%	19.94%	21.42%	22.54%
Revenue as Reported	614,355	609,408	572,613	565,653	401,955	348,793

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