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

SHE:000429 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Jan 1, 2024	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	4,500	68.15	4,099	5,215	3,722
Other Revenue	70.08	4,811	69.86	73.55	67.98
Revenue	4,570	4,879	4,169	5,288	3,790
Revenue Growth (YoY)	-6.34%	17.04%	-21.17%	39.51%	-24.18%
Cost of Revenue	1,631	1,741	1,586	1,930	1,662
Gross Profit	2,939	3,138	2,582	3,359	2,128
Selling, General & Admin	203.39	189.46	191.43	223.61	203.95
Research & Development	5.08	3.25	14.59	13.27	0.4
Other Operating Expenses	23.2	22.77	20.95	26.15	18.94
Operating Expenses	231.49	215.28	227.62	265.06	225.65
Operating Income	2,707	2,923	2,355	3,093	1,902
Interest Expense	-176.54	-214.34	-238.44	-282.65	-264.41
Interest & Investment Income	358.89	406.43	302.3	341.28	221.99
Currency Exchange Gain (Loss)	-4.54	-0.72	0.99	-0.37	1.82
Other Non Operating Income (Expenses)	-122.83	-132.7	-98.77	-2.82	-3.1
EBT Excluding Unusual Items	2,762	2,982	2,321	3,149	1,859
Gain (Loss) on Sale of Investments	2.64	2.46	10.4	-	-
Gain (Loss) on Sale of Assets	-0.72	-	0.48	3.02	-
Asset Writedown	0.03	-22.58	-0.42	-3.27	-14.87
Other Unusual Items	4.49	11.35	1.36	5.02	8.36
Pretax Income	2,774	2,977	2,342	3,162	1,856
Income Tax Expense	671.18	714.56	547.96	735.37	491.41
Earnings From Continuing Operations	2,103	2,262	1,794	2,427	1,364
Minority Interest in Earnings	-540.79	-628.53	-517.52	-726.38	-496.54
Net Income	1,562	1,634	1,276	1,700	867.84
Net Income to Common	1,562	1,634	1,276	1,700	867.84
Net Income Growth	-4.39%	28.01%	-24.94%	95.94%	-40.93%
Shares Outstanding (Basic)	2,083	2,095	2,092	2,099	2,066
Shares Outstanding (Diluted)	2,083	2,095	2,092	2,099	2,066
Shares Change (YoY)	-0.56%	0.11%	-0.33%	1.60%	-1.17%
EPS (Basic)	0.75	0.78	0.61	0.81	0.42
EPS (Diluted)	0.75	0.78	0.61	0.81	0.42
EPS Growth	-3.85%	27.87%	-24.69%	92.86%	-40.23%
Free Cash Flow	1,220	2,292	1,877	3,156	1,976
Free Cash Flow Per Share	0.59	1.09	0.90	1.50	0.96
Dividend Per Share	0.523	0.547	0.428	0.570	0.291
Dividend Growth	-4.39%	27.80%	-24.91%	95.88%	-31.04%
Gross Margin	64.31%	64.32%	61.95%	63.51%	56.15%
Operating Margin	59.24%	59.91%	56.48%	58.50%	50.19%
Profit Margin	34.18%	33.49%	30.62%	32.16%	22.90%
Free Cash Flow Margin	26.69%	46.98%	45.02%	59.68%	52.14%
EBITDA	3,766	4,071	3,397	4,360	2,938
EBITDA Margin	82.42%	83.45%	81.49%	82.44%	77.52%
D&A For EBITDA	1,059	1,148	1,042	1,266	1,036
EBIT	2,707	2,923	2,355	3,093	1,902
EBIT Margin	59.24%	59.91%	56.48%	58.50%	50.19%
Effective Tax Rate	24.20%	24.00%	23.40%	23.25%	26.48%
Revenue as Reported	4,570	4,879	4,169	5,288	3,790

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