China Master Logistics Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	10,313	8,831	11,820	7,374	11,829	12,377
Other Revenue	20.55	20.55	20.64	25.29	29.26	36.35
Revenue	10,333	8,852	11,840	7,399	11,858	12,414
Revenue Growth	11.20%	-25.24%	60.03%	-37.61%	-4.47%	140.86%
Cost of Revenue	9,656	8,217	11,230	6,846	11,338	11,958
Gross Profit	677.61	634.71	610.41	552.86	520.38	455.88
Selling, General & Admin	203.42	202.28	203.6	201.85	192.11	170.43
Research & Development	3.63	3.58	3.29	3.02	2.96	3.23
Other Operating Expenses	20.89	14.64	13.75	2.84	-0.61	8.76
Operating Expenses	233.84	232.78	209.91	218.09	197.04	185.15
Operating Income	443.76	401.94	400.5	334.77	323.34	270.74
Interest Expense	-1.06	-14.94	-20.67	-14.72	-16.39	-12.36
Interest & Investment Income	69.05	33.08	24.79	32.2	33.14	41.81
Currency Exchange Gain (Loss)	-16.44	-16.44	-0.69	2.21	21.54	-4.36
Other Non Operating Income (Expenses)	-46.92	-2.49	-1.78	-1.72	-2.64	-1.7
EBT Excluding Unusual Items	448.39	401.14	402.15	352.73	358.98	294.13
Gain (Loss) on Sale of Investments	0.5	0.83	0.32	0.18	0.21	4.92
Gain (Loss) on Sale of Assets	0.05	-0.71	2.14	-0.06	-2.15	3.36
Asset Writedown	-0.01	0	0.01	0.13	4.98	-
Other Unusual Items	33.75	20.67	11.87	18.48	11.02	16.43
Pretax Income	482.69	421.93	416.49	371.47	373.04	318.83
Income Tax Expense	120.36	104.4	101.92	82.88	78.89	70.89
Earnings From Continuing Operations	362.34	317.53	314.57	288.59	294.16	247.95
Minority Interest in Earnings	-47.19	-56.7	-61.87	-48.43	-50.32	-40.05
Net Income	315.14	260.83	252.7	240.16	243.84	207.89
Net Income to Common	315.14	260.83	252.7	240.16	243.84	207.89
Net Income Growth	21.77%	3.22%	5.22%	-1.51%	17.29%	17.94%
Shares Outstanding (Basic)	350	348	346	348	348	346
Shares Outstanding (Diluted)	350	348	346	348	348	346
Shares Change	1.53%	0.47%	-0.55%	-0.08%	0.53%	-0.20%
EPS (Basic)	0.90	0.75	0.73	0.69	0.70	0.60
EPS (Diluted)	0.90	0.75	0.73	0.69	0.70	0.60
EPS Growth	19.93%	2.74%	5.80%	-1.43%	16.67%	18.18%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	291.59	589.42	299.88	-8.89	166.08	-271.04
Free Cash Flow Per Share	0.83	1.70	0.87	-0.03	0.48	-0.78
Dividend Per Share	0.650	0.650	0.600	0.500	0.450	0.385
Dividend Growth	8.33%	8.33%	20.00%	11.11%	17.00%	33.31%
Gross Margin	6.56%	7.17%	5.16%	7.47%	4.39%	3.67%
Operating Margin	4.29%	4.54%	3.38%	4.52%	2.73%	2.18%
Profit Margin	3.05%	2.95%	2.13%	3.25%	2.06%	1.68%
Free Cash Flow Margin	2.82%	6.66%	2.53%	-0.12%	1.40%	-2.18%
EBITDA	538.6	492.69	485.8	413.37	395.16	334.79
EBITDA Margin	5.21%	5.57%	4.10%	5.59%	3.33%	2.70%
D&A For EBITDA	94.84	90.75	85.3	78.6	71.82	64.06
EBIT	443.76	401.94	400.5	334.77	323.34	270.74
EBIT Margin	4.29%	4.54%	3.38%	4.52%	2.73%	2.18%
Effective Tax Rate	24.93%	24.74%	24.47%	22.31%	21.15%	22.23%
Revenue as Reported	2,248	8,852	11,840	7,399	11,858	12,414
Advertising Expenses	-	0.49	0.6	0.36	0.19	0.24