Guangdong Provincial Expressway Development Co., Ltd. (SHE: 000429)

Guangdong Provincial Expressway Development 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	4,625	4,811	4,099	5,215	3,722	4,929
Other Revenue	68.15	68.15	69.86	73.55	67.98	69.82
Revenue	4,694	4,879	4,169	5,288	3,790	4,999
Revenue Growth (YoY)	2.74%	17.04%	-21.17%	39.51%	-24.18%	55.31%
Cost of Revenue	1,692	1,741	1,586	1,930	1,662	1,924
Gross Profit	3,002	3,138	2,582	3,359	2,128	3,075
Selling, General & Admin	196.91	189.46	191.43	223.61	203.95	218.91
Research & Development	3.01	3.25	14.59	13.27	0.4	-
Other Operating Expenses	23.83	23.03	20.95	26.15	18.94	25.41
Operating Expenses	220.96	215.54	227.62	265.06	225.65	244.5
Operating Income	2,781	2,923	2,355	3,093	1,902	2,830
Interest Expense	-178.31	-214.34	-238.44	-282.65	-264.41	-257.1
Interest & Investment Income	438.93	406.43	302.3	341.28	221.99	254.14
Currency Exchange Gain (Loss)	-0.72	-0.72	0.99	-0.37	1.82	-1.59
Other Non Operating Income (Expenses)	-125.2	-124.14	-98.77	-2.82	-3.1	-5.14
EBT Excluding Unusual Items	2,916	2,990	2,321	3,149	1,859	2,820
Gain (Loss) on Sale of Investments	2.46	2.46	10.4	-	-	-
Gain (Loss) on Sale of Assets	0.02	-	0.48	3.02	-	19.03
Asset Writedown	-22.58	-22.58	-0.42	-3.27	-14.87	-18.93
Other Unusual Items	3.26	3.05	1.36	5.02	8.36	1.74
Pretax Income	2,903	2,977	2,342	3,162	1,856	2,825
Income Tax Expense	681.86	714.56	547.96	735.37	491.41	673.79
Earnings From Continuing Operations	2,221	2,262	1,794	2,427	1,364	2,151
Minority Interest in Earnings	-586.89	-628.53	-517.52	-726.38	-496.54	-682.26
Net Income	1,634	1,634	1,276	1,700	867.84	1,469
Net Income to Common	1,634	1,634	1,276	1,700	867.84	1,469
Net Income Growth	13.35%	28.01%	-24.94%	95.93%	-40.93%	-12.39%
Shares Outstanding (Basic)	2,095	2,095	2,092	2,099	2,066	2,091
Shares Outstanding (Diluted)	2,095	2,095	2,092	2,099	2,066	2,091
Shares Change (YoY)	0.22%	0.11%	-0.33%	1.60%	-1.17%	-0.26%
EPS (Basic)	0.78	0.78	0.61	0.81	0.42	0.70
EPS (Diluted)	0.78	0.78	0.61	0.81	0.42	0.70
EPS Growth	13.09%	27.87%	-24.69%	92.86%	-40.23%	-12.16%
Free Cash Flow	1,152	2,292	1,877	3,156	1,976	2,283
Free Cash Flow Per Share	0.55	1.09	0.90	1.50	0.96	1.09
Dividend Per Share	0.547	0.547	0.428	0.570	0.291	0.422
Dividend Growth	27.80%	27.80%	-24.91%	95.88%	-31.04%	-24.91%
Gross Margin	63.96%	64.32%	61.95%	63.51%	56.15%	61.50%
Operating Margin	59.25%	59.90%	56.49%	58.50%	50.19%	56.61%
Profit Margin	34.81%	33.49%	30.62%	32.16%	22.90%	29.39%
Free Cash Flow Margin	24.55%	46.98%	45.02%	59.68%	52.14%	45.68%
EBITDA	4,005	4,069	3,397	4,360	2,938	4,041
EBITDA Margin	85.33%	83.40%	81.49%	82.44%	77.52%	80.83%
D&A For EBITDA	1,224	1,146	1,042	1,266	1,036	1,211
EBIT	2,781	2,923	2,355	3,093	1,902	2,830
EBIT Margin	59.25%	59.90%	56.49%	58.50%	50.19%	56.61%
Effective Tax Rate	23.49%	24.00%	23.40%	23.26%	26.48%	23.85%
Revenue as Reported	4,694	4,879	4,169	5,288	3,790	4,999

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