China Merchants Expressway Network & Technology Holdings Co.,Ltd. (SHE: 001965)

China Merchants Expressway Network & Technology Holdings Co.,Ltd. Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Operating Revenue	11,433	9,731	8,297	8,626	7,069	8,292
Revenue	11,433	9,731	8,297	8,626	7,069	8,292
Revenue Growth (YoY)	26.78%	17.29%	-3.81%	22.03%	-14.75%	22.68%
Cost of Revenue	7,302	6,150	5,389	5,053	4,602	4,740
Gross Profit	4,131	3,581	2,908	3,573	2,467	3,552
Selling, General & Admin	726.66	648.64	596.42	578.06	484.14	497.66
Research & Development	188.9	188.61	195.72	183.57	139.67	152.34
Other Operating Expenses	-5.91	-2.28	-35.11	31.7	32.95	51.53
Operating Expenses	1,011	935.12	831.28	821.41	681.68	698.72
Operating Income	3,120	2,646	2,077	2,752	1,785	2,854
Interest Expense	-1,606	-1,315	-1,167	-1,047	-1,251	-1,123
Interest & Investment Income	6,106	6,248	3,715	4,207	2,230	3,634
Currency Exchange Gain (Loss)	10.21	8.12	11.23	-2.5	3.73	2.63
Other Non Operating Income (Expenses)	-41.82	-20.37	619.47	-7.07	-2.22	5.58
EBT Excluding Unusual Items	7,588	7,567	5,256	5,902	2,765	5,373
Gain (Loss) on Sale of Investments	-	-	54.61	0.58	-62.99	1.01
Gain (Loss) on Sale of Assets	0.81	0.45	287.01	5.51	12.81	18.61
Asset Writedown	0.07	0.05	-0.88	-146.4	-34.3	-11.69
Other Unusual Items	63.45	37.49	16.28	177.07	409.42	-20.54
Pretax Income	7,652	7,605	5,613	5,939	3,090	5,360
Income Tax Expense	435.38	388.38	360.07	397.42	512.74	473.42
Earnings From Continuing Operations	7,217	7,216	5,253	5,541	2,577	4,887
Minority Interest in Earnings	-552.77	-449.48	-391.34	-568.34	-354.71	-539.8
Net Income	6,664	6,767	4,861	4,973	2,223	4,347
Net Income to Common	6,664	6,767	4,861	4,973	2,223	4,347
Net Income Growth	25.30%	39.19%	-2.24%	123.74%	-48.87%	11.17%
Shares Outstanding (Basic)	6,728	6,412	6,458	6,474	6,291	6,207
Shares Outstanding (Diluted)	6,937	6,824	6,875	6,878	6,839	6,554
Shares Change (YoY)	0.99%	-0.75%	-0.04%	0.57%	4.35%	5.98%
EPS (Basic)	0.99	1.06	0.75	0.77	0.35	0.70
EPS (Diluted)	0.96	0.99	0.71	0.72	0.33	0.66
EPS Growth	24.07%	40.23%	-2.20%	122.46%	-51.00%	4.90%
Free Cash Flow	4,875	3,899	3,130	3,849	1,728	3,481
Free Cash Flow Per Share	0.70	0.57	0.46	0.56	0.25	0.53
Dividend Per Share	0.531	0.531	0.414	0.346	0.177	0.280
Dividend Growth	28.26%	28.26%	19.65%	95.48%	-36.79%	10.24%
Gross Margin	36.13%	36.80%	35.05%	41.42%	34.89%	42.84%
Operating Margin	27.29%	27.19%	25.04%	31.90%	25.25%	34.41%
Profit Margin	58.29%	69.53%	58.59%	57.65%	31.44%	52.42%
Free Cash Flow Margin	42.64%	40.06%	37.72%	44.62%	24.45%	41.98%
EBITDA	6,269	4,909	3,831	4,580	3,503	4,388
EBITDA Margin	54.84%	50.44%	46.17%	53.09%	49.55%	52.92%
D&A For EBITDA	3,149	2,263	1,754	1,828	1,718	1,534
EBIT	3,120	2,646	2,077	2,752	1,785	2,854
EBIT Margin	27.29%	27.19%	25.04%	31.90%	25.25%	34.41%
Effective Tax Rate	5.69%	5.11%	6.42%	6.69%	16.59%	8.83%
Revenue as Reported	11,433	9,731	8,297	8,626	7,069	8,292
Advertising Expenses	-	1.05	1.33	1.18	1.59	1.8

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