Air China Cargo Co., Ltd. (SHE:001391)

Air China Cargo 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	22,893	20,486	14,835	22,697	23,869	18,162
Other Revenue	98.32	98.32	84.15	87.49	88.94	89.02
Revenue	22,991	20,584	14,919	22,785	23,958	18,251
Revenue Growth (YoY)	54.11%	37.97%	-34.52%	-4.90%	31.27%	48.80%
Cost of Revenue	19,009	17,393	13,053	18,205	17,786	13,670
Gross Profit	3,983	3,191	1,865	4,580	6,173	4,582
Selling, General & Admin	811.41	760.79	677.28	670.72	576.89	541.23
Research & Development	17.25	14.26	2.85	2.85	1.96	2.06
Other Operating Expenses	-363.59	-120.46	-241.33	-150.31	-101.35	-171.88
Operating Expenses	448.73	654.71	447.17	521.11	485.17	371.94
Operating Income	3,534	2,537	1,418	4,059	5,687	4,210
Interest Expense	-10.48	-14.65	-19.94	-22.67	-28.47	-51.12
Interest & Investment Income	63.74	81.14	120.27	136.24	91.47	27.72
Earnings From Equity Investments	3.32	2.44	2.78	-	-	-
Currency Exchange Gain (Loss)	-22.78	-22.78	-22.03	-41.56	-6.38	160.52
Other Non Operating Income (Expenses)	-1.05	-1.53	0.05	6.19	13.38	1.18
EBT Excluding Unusual Items	3,567	2,581	1,499	4,137	5,757	4,348
Gain (Loss) on Sale of Assets	0.29	1.19	0.93	14.53	1.05	5.82
Asset Writedown	-0.32	-0.32	-1.42	-0.19	-0.45	-1.15
Other Unusual Items	16.38	16.38	79.39	0.03	0.23	0.43
Pretax Income	3,583	2,598	1,578	4,151	5,758	4,353
Income Tax Expense	898.41	644.84	423.82	1,068	1,453	1,061
Earnings From Continuing Operations	2,685	1,954	1,155	3,084	4,305	3,292
Minority Interest in Earnings	-0	-0.32	-1.12	-2.33	-2.67	-2.36
Net Income	2,685	1,953	1,153	3,081	4,303	3,289
Net Income to Common	2,685	1,953	1,153	3,081	4,303	3,289
Net Income Growth	132.75%	69.34%	-62.57%	-28.38%	30.80%	596.23%
Shares Outstanding (Basic)	11,747	10,851	10,486	10,690	10,690	-
Shares Outstanding (Diluted)	11,747	10,851	10,486	10,690	10,690	-
Shares Change (YoY)	12.03%	3.49%	-1.91%	-	-	-
EPS (Basic)	0.23	0.18	0.11	0.29	0.40	-
EPS (Diluted)	0.23	0.18	0.11	0.29	0.40	-
EPS Growth	107.76%	63.64%	-61.84%	-28.38%	-	-
Free Cash Flow	-1,601	-2,371	15.07	871.35	3,487	3,165
Free Cash Flow Per Share	-0.14	-0.22	0.00	0.08	0.33	-
Dividend Per Share	0.065	0.065	-	-	-	-
Gross Margin	17.32%	15.50%	12.50%	20.10%	25.76%	25.10%
Operating Margin	15.37%	12.32%	9.51%	17.81%	23.74%	23.06%
Profit Margin	11.68%	9.49%	7.73%	13.52%	17.96%	18.02%
Free Cash Flow Margin	-6.96%	-11.52%	0.10%	3.82%	14.55%	17.34%
EBITDA	4,693	3,600	2,355	4,758	6,267	5,105
EBITDA Margin	20.41%	17.49%	15.78%	20.88%	26.16%	27.97%
D&A For EBITDA	1,159	1,064	936.6	699.03	580.01	895.76
EBIT	3,534	2,537	1,418	4,059	5,687	4,210
EBIT Margin	15.37%	12.32%	9.51%	17.81%	23.74%	23.06%
Effective Tax Rate	25.07%	24.82%	26.85%	25.72%	25.23%	24.38%
Revenue as Reported	2,407	-	-	22,785	23,958	18,251
Advertising Expenses	-	1.59	1.83	-	-	-

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