China Railway Materials Company Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	41,559	44,888	55,077	59,024	44,362	47,632
Other Revenue	172.25	179.5	125.38	120.48	105.2	133.25
Revenue	41,732	45,068	55,202	59,145	44,467	47,766
Revenue Growth (YoY)	-16.03%	-18.36%	-6.67%	33.01%	-6.91%	-
Cost of Revenue	39,826	42,926	52,694	56,423	42,004	45,137
Gross Profit	1,906	2,142	2,508	2,721	2,463	2,629
Selling, General & Admin	1,297	1,269	1,175	1,124	1,005	1,191
Research & Development	40.39	48.33	37.82	23.94	16.27	5.89
Other Operating Expenses	121.05	124.97	132.13	120.68	106.95	115.84
Operating Expenses	1,437	1,428	1,401	1,283	1,139	1,329
Operating Income	468.97	714.09	1,107	1,438	1,324	1,300
Interest Expense	-73.22	-90.95	-107.44	-121.52	-166.34	-141.77
Interest & Investment Income	109.43	111.21	131.5	139.03	223.4	152.02
Currency Exchange Gain (Loss)	7.15	7.36	0.93	-0.04	-0.19	-0.31
Other Non Operating Income (Expenses)	-20.05	-20.19	-38.46	-27.55	-20.35	-17.61
EBT Excluding Unusual Items	492.28	721.53	1,093	1,428	1,361	1,292
Gain (Loss) on Sale of Investments	13.3	-4.25	-68.95	-76.95	2.45	118.06
Gain (Loss) on Sale of Assets	139.41	25.84	2.3	0.91	-19.1	39.34
Asset Writedown	-0.33	-0.33	-	0.26	-10.26	-1.78
Legal Settlements	-0.8	-0.8	-3.09	-	-	-
Other Unusual Items	59.9	43.41	30.66	21.6	46.67	35.57
Pretax Income	703.76	785.4	1,054	1,373	1,380	1,483
Income Tax Expense	169.81	150.62	279.84	306.1	354.38	342.49
Earnings From Continuing Operations	533.95	634.77	774.53	1,067	1,026	1,141
Minority Interest in Earnings	-61.77	-63.72	-65.48	-90.03	-87.95	-83.67
Net Income	472.17	571.05	709.05	977.22	938.11	1,057
Net Income to Common	472.17	571.05	709.05	977.22	938.11	1,057
Net Income Growth	-23.40%	-19.46%	-27.44%	4.17%	-11.25%	-
Shares Outstanding (Basic)	6,046	6,049	6,050	6,050	4,242	3,977
Shares Outstanding (Diluted)	6,046	6,049	6,050	6,050	4,242	3,977
Shares Change (YoY)	-0.05%	-0.01%	-0.01%	42.61%	6.69%	-
EPS (Basic)	0.08	0.09	0.12	0.16	0.22	0.27
EPS (Diluted)	0.08	0.09	0.12	0.16	0.22	0.27
EPS Growth	-23.36%	-19.45%	-27.43%	-26.96%	-16.82%	-
Free Cash Flow	487.3	444.93	-725.28	-161.76	129.94	1,102
Free Cash Flow Per Share	0.08	0.07	-0.12	-0.03	0.03	0.28
Dividend Per Share	0.010	0.010	-	-	-	-
Gross Margin	4.57%	4.75%	4.54%	4.60%	5.54%	5.50%
Operating Margin	1.12%	1.58%	2.01%	2.43%	2.98%	2.72%
Profit Margin	1.13%	1.27%	1.28%	1.65%	2.11%	2.21%
Free Cash Flow Margin	1.17%	0.99%	-1.31%	-0.27%	0.29%	2.31%
EBITDA	704.52	964.04	1,356	1,645	1,572	1,514
EBITDA Margin	1.69%	2.14%	2.46%	2.78%	3.53%	3.17%
D&A For EBITDA	235.55	249.95	249.16	207.25	247.52	213.85
EBIT	468.97	714.09	1,107	1,438	1,324	1,300
EBIT Margin	1.12%	1.58%	2.01%	2.43%	2.98%	2.72%
Effective Tax Rate	24.13%	19.18%	26.54%	22.29%	25.67%	23.09%
Revenue as Reported	41,732	45,068	55,202	59,145	44,467	47,766

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