Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. (SHA:900912)

SHA:900912 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	7,140	7,079	7,532	9,026	8,614	10,096
Other Revenue	154.1	160.24	162.87	175.05	270.3	122.71
Revenue	7,294	7,240	7,695	9,201	8,884	10,219
Revenue Growth (YoY)	-2.46%	-5.92%	-16.37%	3.57%	-13.06%	13.48%
Cost of Revenue	4,946	4,862	4,888	6,006	6,030	6,971
Gross Profit	2,349	2,378	2,807	3,195	2,854	3,248
Selling, General & Admin	740.61	762.4	809.02	781.38	760.08	672.5
Research & Development	27.35	26.14	25.86	24.18	24.43	10.42
Other Operating Expenses	424.09	414.39	556.69	643.54	388.99	1,195
Operating Expenses	1,184	1,201	1,396	1,449	1,179	1,880
Operating Income	1,164	1,176	1,411	1,746	1,675	1,367
Interest Expense	-547.51	-539.14	-477.96	-543.52	-527.82	-438.8
Interest & Investment Income	521.96	524.03	100.18	495.3	130.61	3.02
Currency Exchange Gain (Loss)	1.35	1.47	1.71	9.74	1.86	2.04
Other Non Operating Income (Expenses)	1.6	-5.94	38.75	-134.18	22.08	-48.86
EBT Excluding Unusual Items	1,142	1,156	1,073	1,573	1,302	884.66
Gain (Loss) on Sale of Investments	25.74	26.33	22.37	4.9	5.83	-27.8
Gain (Loss) on Sale of Assets	9.22	9.29	66.86	2.3	0.3	0.64
Asset Writedown	-0.2	-0.19	-	-6.46	-2.95	-2.81
Legal Settlements	-	-	-	-10.83	-	-4.09
Other Unusual Items	106.78	106.78	89.95	101	31.84	205.18
Pretax Income	1,283	1,299	1,253	1,664	1,337	1,056
Income Tax Expense	318.36	334.43	311.36	409.31	386.41	286.34
Earnings From Continuing Operations	965.05	964.25	941.22	1,255	950.42	769.44
Minority Interest in Earnings	-11.95	-12.82	-12.7	-13.74	-13.31	-47.81
Net Income	953.11	951.43	928.52	1,241	937.11	721.63
Net Income to Common	953.11	951.43	928.52	1,241	937.11	721.63
Net Income Growth	1.88%	2.47%	-25.17%	32.41%	29.86%	-17.55%
Shares Outstanding (Basic)	1,132	1,133	1,132	1,138	1,129	1,128
Shares Outstanding (Diluted)	1,132	1,133	1,132	1,138	1,129	1,128
Shares Change (YoY)	-1.42%	0.03%	-0.53%	0.82%	0.13%	-0.80%
EPS (Basic)	0.84	0.84	0.82	1.09	0.83	0.64
EPS (Diluted)	0.84	0.84	0.82	1.09	0.83	0.64
EPS Growth	3.35%	2.44%	-24.77%	31.32%	29.69%	-16.88%
Free Cash Flow	-1,005	-3,460	-458.04	-2,128	3,435	3,986
Free Cash Flow Per Share	-0.89	-3.06	-0.41	-1.87	3.04	3.54
Dividend Per Share	0.350	0.350	0.410	0.330	0.825	0.200
Dividend Growth	-14.63%	-14.63%	24.24%	-60.02%	312.70%	-16.67%
Gross Margin	32.20%	32.84%	36.47%	34.72%	32.13%	31.78%
Operating Margin	15.96%	16.24%	18.33%	18.97%	18.85%	13.38%
Profit Margin	13.07%	13.14%	12.07%	13.48%	10.55%	7.06%
Free Cash Flow Margin	-13.78%	-47.79%	-5.95%	-23.12%	38.67%	39.01%
EBITDA	1,985	1,993	2,213	2,555	2,478	2,070
EBITDA Margin	27.21%	27.52%	28.76%	27.77%	27.90%	20.25%
D&A For EBITDA	820.22	816.67	802.48	809.6	803.31	702.3
EBIT	1,164	1,176	1,411	1,746	1,675	1,367
EBIT Margin	15.96%	16.24%	18.33%	18.97%	18.85%	13.38%
Effective Tax Rate	24.81%	25.75%	24.86%	24.60%	28.90%	27.12%
Revenue as Reported	7,294	7,240	7,695	9,201	8,884	10,219
Advertising Expenses	-	19.36	26.55	9.27	8.71	14.18

Source: S&P Global Market Intelligence. Standard template. Financial Sources.