China Merchants Property Operation & Service Co., Ltd. (SHE:001914)

SHE:001914 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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Jan 1, 2021
Revenue	17,172	15,627	13,024	10,591	8,651
Revenue Growth (YoY)	9.89%	19.99%	22.97%	22.42%	42.34%
Cost of Revenue	15,119	13,821	11,551	9,244	7,470
Gross Profit	2,053	1,806	1,473	1,347	1,181
Selling, General & Admin	716.9	699.33	540.16	473.56	412.99
Research & Development	78.15	98.9	48.26	37.54	19.62
Other Operating Expenses	88.56	28.62	26.2	41.62	28.54
Operating Expenses	921.78	863.71	647.57	579.19	461.43
Operating Income	1,131	942.26	825.56	767.93	719.31
Interest Expense	-47.55	-94.85	-117.13	-144.39	-184.67
Interest & Investment Income	40.87	53.13	80.04	30.07	20.14
Currency Exchange Gain (Loss)	0.03	0.04	-0.01	-0.05	-0.02
Other Non Operating Income (Expenses)	-20.51	-21.61	-6.44	-5.47	3.16
EBT Excluding Unusual Items	1,104	878.97	782.01	648.1	557.92
Gain (Loss) on Sale of Investments	0.55	5.97	-8.46	106.7	-0.01
Gain (Loss) on Sale of Assets	2.5	0.59	0.85	1.07	-0.24
Asset Writedown	-0.79	-1.48	-1.84	-0.93	-0.47
Other Unusual Items	32.4	44.36	49.03	-8.56	71.75
Pretax Income	1,139	928.41	821.58	746.37	628.96
Income Tax Expense	269.25	189.75	252.81	293.73	217.97
Earnings From Continuing Operations	869.47	738.65	568.77	452.64	410.99
Net Income to Company	869.47	738.65	568.77	452.64	410.99
Minority Interest in Earnings	-28.98	-2.93	24.74	60.23	26.43
Net Income	840.5	735.73	593.51	512.87	437.41
Net Income to Common	840.5	735.73	593.51	512.87	437.41
Net Income Growth	14.24%	23.96%	15.72%	17.25%	52.82%
Shares Outstanding (Basic)	1,060	1,060	1,060	1,060	1,060
Shares Outstanding (Diluted)	1,060	1,060	1,060	1,060	1,060
Shares Change (YoY)	0.00%	-0.01%	0.01%	-0.01%	51.52%
EPS (Basic)	0.79	0.69	0.56	0.48	0.41
EPS (Diluted)	0.79	0.69	0.56	0.48	0.41
EPS Growth	14.24%	23.98%	15.71%	17.26%	0.86%
Free Cash Flow	1,813	1,786	966.9	684.16	957.02
Free Cash Flow Per Share	1.71	1.68	0.91	0.65	0.90
Dividend Per Share	0.240	0.170	0.120	0.100	0.130
Dividend Growth	41.18%	41.67%	20.00%	-23.08%	30.00%
Gross Margin	11.96%	11.56%	11.31%	12.72%	13.65%
Operating Margin	6.59%	6.03%	6.34%	7.25%	8.31%
Profit Margin	4.90%	4.71%	4.56%	4.84%	5.06%
Free Cash Flow Margin	10.55%	11.43%	7.42%	6.46%	11.06%
EBITDA	1,174	998.14	871.67	804.33	754.84
EBITDA Margin	6.84%	6.39%	6.69%	7.60%	8.72%
D&A For EBITDA	42.93	55.88	46.11	36.4	35.53
EBIT	1,131	942.26	825.56	767.93	719.31
EBIT Margin	6.59%	6.03%	6.34%	7.25%	8.31%
Effective Tax Rate	23.64%	20.44%	30.77%	39.36%	34.66%
Revenue as Reported	-	-	-	10,591	8,651
Advertising Expenses	0.94	0.42	0.81	2.04	12.03

Updated Mar 16, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.