Beijing-Shanghai High-Speed Railway Co., Ltd. (SHA: 601816)

Beijing-Shanghai High-Speed 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	41,779	40,305	18,972	28,849	24,838	34,550
Other Revenue	377.29	377.29	363.94	455.97	400.12	306.36
Revenue	42,156	40,683	19,336	29,305	25,238	34,856
Revenue Growth (YoY)	20.48%	110.40%	-34.02%	16.11%	-27.59%	11.87%
Cost of Revenue	22,291	22,052	16,718	18,799	17,336	18,172
Gross Profit	19,865	18,631	2,618	10,506	7,902	16,684
Selling, General & Admin	806.88	802.08	791.11	801.74	796.19	299.24
Research & Development	13.94	11.23	4.63	12.35	11.87	17.67
Other Operating Expenses	199.72	138.53	2.04	140.69	124.62	103.51
Operating Expenses	1,021	951.84	797.78	954.78	932.68	315.84
Operating Income	18,845	17,679	1,820	9,551	6,970	16,368
Interest Expense	-2,107	-2,587	-3,094	-3,500	-3,318	-2,250
Interest & Investment Income	226	221.5	189.98	226.13	374.08	462.2
Other Non Operating Income (Expenses)	0.27	-0.19	-0.75	-32.75	-0.76	0.71
EBT Excluding Unusual Items	16,964	15,314	-1,085	6,244	4,024	14,581
Gain (Loss) on Sale of Assets	0	0	0	-0.27	3.01	-0.93
Asset Writedown	-2.59	-2.59	-0.26	-	-	-
Other Unusual Items	3.28	-1.96	40.2	4.86	0.58	-
Pretax Income	16,965	15,309	-1,045	6,248	4,028	14,580
Income Tax Expense	4,452	4,102	507.38	2,033	1,527	3,978
Earnings From Continuing Operations	12,513	11,207	-1,552	4,215	2,501	10,602
Minority Interest in Earnings	133.86	338.22	976.12	600.32	728.34	466.45
Net Income	12,647	11,546	-576.23	4,816	3,229	11,068
Net Income to Common	12,647	11,546	-576.23	4,816	3,229	11,068
Net Income Growth	54.49%	-	-	49.15%	-70.83%	8.00%
Shares Outstanding (Basic)	49,112	49,109	49,250	49,090	48,554	40,993
Shares Outstanding (Diluted)	49,112	49,109	49,250	49,090	48,554	40,993
Shares Change (YoY)	-0.40%	-0.29%	0.33%	1.10%	18.45%	4.00%
EPS (Basic)	0.26	0.24	-0.01	0.10	0.07	0.27
EPS (Diluted)	0.26	0.24	-0.01	0.10	0.07	0.27
EPS Growth	55.11%	-	-	47.52%	-75.37%	3.85%
Free Cash Flow	19,615	19,590	5,703	11,763	7,055	2,823
Free Cash Flow Per Share	0.40	0.40	0.12	0.24	0.15	0.07
Dividend Per Share	0.112	0.112	0.011	0.049	0.033	0.053
Dividend Growth	878.95%	878.95%	-76.78%	49.24%	-37.69%	-79.38%
Gross Margin	47.12%	45.80%	13.54%	35.85%	31.31%	47.87%
Operating Margin	44.70%	43.46%	9.41%	32.59%	27.61%	46.96%
Profit Margin	30.00%	28.38%	-2.98%	16.43%	12.79%	31.75%
Free Cash Flow Margin	46.53%	48.15%	29.49%	40.14%	27.96%	8.10%
EBITDA	24,751	23,598	7,756	15,252	12,589	20,588
EBITDA Margin	58.71%	58.01%	40.11%	52.05%	49.88%	59.06%
D&A For EBITDA	5,906	5,919	5,936	5,702	5,620	4,219
EBIT	18,845	17,679	1,820	9,551	6,970	16,368
EBIT Margin	44.70%	43.46%	9.41%	32.59%	27.61%	46.96%
Effective Tax Rate	26.24%	26.79%	-	32.54%	37.92%	27.29%
Revenue as Reported	42,156	40,683	19,336	29,305	25,238	34,856

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