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	Jun '26 Jun 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	9,605	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	9,626	8,852	11,840	7,399	11,858	12,414
Revenue Growth	-9.06%	-25.24%	60.03%	-37.61%	-4.47%	140.86%
Cost of Revenue	8,967	8,217	11,230	6,846	11,338	11,958
Gross Profit	658.98	634.71	610.41	552.86	520.38	455.88
Selling, General & Admin	204.28	202.28	203.6	201.85	192.11	170.43
Research & Development	3.62	3.58	3.29	3.02	2.96	3.23
Other Operating Expenses	16.44	14.64	13.75	2.84	-0.61	8.76
Operating Expenses	236.62	232.78	209.91	218.09	197.04	185.15
Operating Income	422.36	401.94	400.5	334.77	323.34	270.74
Interest Expense	-14.94	-14.94	-20.67	-14.72	-16.39	-12.36
Interest & Investment Income	88.64	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)	-28.98	-2.49	-1.78	-1.72	-2.64	-1.7
EBT Excluding Unusual Items	432.89	401.14	402.15	352.73	358.98	294.13
Gain (Loss) on Sale of Investments	0.71	0.83	0.32	0.18	0.21	4.92
Gain (Loss) on Sale of Assets	0.35	-0.71	2.14	-0.06	-2.15	3.36
Asset Writedown	-0.01	0	0.01	0.13	4.98	-
Other Unusual Items	20.67	20.67	11.87	18.48	11.02	16.43
Pretax Income	454.63	421.93	416.49	371.47	373.04	318.83
Income Tax Expense	116.6	104.4	101.92	82.88	78.89	70.89
Earnings From Continuing Operations	338.03	317.53	314.57	288.59	294.16	247.95
Minority Interest in Earnings	-44.94	-56.7	-61.87	-48.43	-50.32	-40.05
Net Income	293.09	260.83	252.7	240.16	243.84	207.89
Net Income to Common	293.09	260.83	252.7	240.16	243.84	207.89
Net Income Growth	11.94%	3.22%	5.22%	-1.51%	17.29%	17.94%
Shares Outstanding (Basic)	349	348	346	348	348	346
Shares Outstanding (Diluted)	349	348	346	348	348	346
Shares Change	1.27%	0.47%	-0.55%	-0.08%	0.53%	-0.20%
EPS (Basic)	0.84	0.75	0.73	0.69	0.70	0.60
EPS (Diluted)	0.84	0.75	0.73	0.69	0.70	0.60
EPS Growth	10.53%	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	Jun '26 Jun 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	284.99	589.42	299.88	-8.89	166.08	-271.04
Free Cash Flow Per Share	0.82	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	6.85%	7.17%	5.16%	7.47%	4.39%	3.67%
Operating Margin	4.39%	4.54%	3.38%	4.52%	2.73%	2.18%
Profit Margin	3.04%	2.95%	2.13%	3.25%	2.06%	1.68%
Free Cash Flow Margin	2.96%	6.66%	2.53%	-0.12%	1.40%	-2.18%
EBITDA	502.77	492.69	485.8	413.37	395.16	334.79
EBITDA Margin	5.22%	5.57%	4.10%	5.59%	3.33%	2.70%
D&A For EBITDA	80.41	90.75	85.3	78.6	71.82	64.06
EBIT	422.36	401.94	400.5	334.77	323.34	270.74
EBIT Margin	4.39%	4.54%	3.38%	4.52%	2.73%	2.18%
Effective Tax Rate	25.65%	24.74%	24.47%	22.31%	21.15%	22.23%
Revenue as Reported	8,852	8,852	11,840	7,399	11,858	12,414
Advertising Expenses	-	0.49	0.6	0.36	0.19	0.24