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

SHE:001914 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Jan 1, 2021
Revenue	17,912	17,172	15,627	13,024	10,591	8,651
Revenue Growth (YoY)	11.63%	9.89%	19.99%	22.97%	22.42%	42.34%
Cost of Revenue	15,782	15,119	13,821	11,551	9,244	7,470
Gross Profit	2,131	2,053	1,806	1,473	1,347	1,181
Selling, General & Admin	750.32	716.9	699.33	540.16	473.56	412.99
Research & Development	71.79	78.15	98.9	48.26	37.54	19.62
Other Operating Expenses	101.74	88.56	28.62	26.2	41.62	28.54
Operating Expenses	964.49	921.78	863.71	647.57	579.19	461.43
Operating Income	1,166	1,131	942.26	825.56	767.93	719.31
Interest Expense	-42.66	-47.55	-94.85	-117.13	-144.39	-184.67
Interest & Investment Income	39.31	40.87	53.13	80.04	30.07	20.14
Currency Exchange Gain (Loss)	0.03	0.03	0.04	-0.01	-0.05	-0.02
Other Non Operating Income (Expenses)	-20.35	-20.51	-21.61	-6.44	-5.47	3.16
EBT Excluding Unusual Items	1,141	1,104	878.97	782.01	648.1	557.92
Gain (Loss) on Sale of Investments	0.55	0.55	5.97	-8.46	106.7	-0.01
Gain (Loss) on Sale of Assets	2.84	2.5	0.59	0.85	1.07	-0.24
Asset Writedown	-1.12	-0.79	-1.48	-1.84	-0.93	-0.47
Other Unusual Items	36.32	32.4	44.36	49.03	-8.56	71.75
Pretax Income	1,180	1,139	928.41	821.58	746.37	628.96
Income Tax Expense	283.89	269.25	189.75	252.81	293.73	217.97
Earnings From Continuing Operations	895.99	869.47	738.65	568.77	452.64	410.99
Net Income to Company	895.99	869.47	738.65	568.77	452.64	410.99
Minority Interest in Earnings	-26.78	-28.98	-2.93	24.74	60.23	26.43
Net Income	869.21	840.5	735.73	593.51	512.87	437.41
Net Income to Common	869.21	840.5	735.73	593.51	512.87	437.41
Net Income Growth	17.16%	14.24%	23.96%	15.72%	17.25%	52.82%
Shares Outstanding (Basic)	1,060	1,060	1,060	1,060	1,060	1,060
Shares Outstanding (Diluted)	1,060	1,060	1,060	1,060	1,060	1,060
Shares Change (YoY)	-0.03%	0.00%	-0.01%	0.01%	-0.01%	51.52%
EPS (Basic)	0.82	0.79	0.69	0.56	0.48	0.41
EPS (Diluted)	0.82	0.79	0.69	0.56	0.48	0.41
EPS Growth	17.19%	14.24%	23.98%	15.71%	17.26%	0.86%
Free Cash Flow	1,481	1,813	1,786	966.9	684.16	957.02
Free Cash Flow Per Share	1.40	1.71	1.68	0.91	0.65	0.90
Dividend Per Share	0.240	0.240	0.170	0.120	0.100	0.130
Dividend Growth	41.18%	41.18%	41.67%	20.00%	-23.08%	30.00%
Gross Margin	11.89%	11.96%	11.56%	11.31%	12.72%	13.65%
Operating Margin	6.51%	6.59%	6.03%	6.34%	7.25%	8.31%
Profit Margin	4.85%	4.90%	4.71%	4.56%	4.84%	5.06%
Free Cash Flow Margin	8.27%	10.55%	11.43%	7.42%	6.46%	11.06%
EBITDA	1,206	1,174	998.14	871.67	804.33	754.84
EBITDA Margin	6.73%	6.84%	6.39%	6.69%	7.60%	8.72%
D&A For EBITDA	39.7	42.93	55.88	46.11	36.4	35.53
EBIT	1,166	1,131	942.26	825.56	767.93	719.31
EBIT Margin	6.51%	6.59%	6.03%	6.34%	7.25%	8.31%
Effective Tax Rate	24.06%	23.64%	20.44%	30.77%	39.36%	34.66%
Revenue as Reported	740.16	-	-	-	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.