China Merchants Expressway Network & Technology Holdings Co.,Ltd. (SHE:001965)
China · Delayed Price · Currency is CNY 10.11
-0.59 (-5.51%)
Jul 31, 2026, 3:06 PM CST
SHE:001965 Income Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Operating Revenue | 14,114 | 13,360 | 12,711 | 9,731 | 8,297 | 8,626 |
| 14,114 | 13,360 | 12,711 | 9,731 | 8,297 | 8,626 | |
Revenue Growth | 12.98% | 5.11% | 30.62% | 17.29% | -3.81% | 22.03% |
Cost of Revenue | 10,238 | 9,382 | 8,383 | 6,150 | 5,389 | 5,053 |
Gross Profit | 3,877 | 3,979 | 4,328 | 3,581 | 2,908 | 3,573 |
Selling, General & Admin | 832.14 | 830.39 | 752.58 | 648.64 | 596.42 | 578.06 |
Research & Development | 181.53 | 174.94 | 187.02 | 188.61 | 195.72 | 183.57 |
Other Operating Expenses | 48.55 | 49.5 | 36.48 | -2.28 | -35.11 | 31.7 |
Operating Expenses | 1,229 | 1,239 | 1,258 | 935.12 | 831.28 | 821.41 |
Operating Income | 2,648 | 2,740 | 3,070 | 2,646 | 2,077 | 2,752 |
Interest Expense | -1,509 | -1,546 | -1,840 | -1,315 | -1,167 | -1,047 |
Interest & Investment Income | 4,555 | 4,562 | 5,126 | 6,248 | 3,715 | 4,207 |
Currency Exchange Gain (Loss) | -4.73 | -4.73 | 8.98 | 8.12 | 11.23 | -2.5 |
Other Non Operating Income (Expenses) | -53.01 | -43.43 | 18.82 | -4.52 | 619.47 | -7.07 |
EBT Excluding Unusual Items | 5,706 | 5,707 | 6,383 | 7,582 | 5,256 | 5,902 |
Impairment of Goodwill | - | - | -18.97 | - | - | - |
Gain (Loss) on Sale of Investments | - | - | -0.85 | - | 54.61 | 0.58 |
Gain (Loss) on Sale of Assets | 1.67 | 2.95 | 9.95 | 0.45 | 287.01 | 5.51 |
Asset Writedown | -170.07 | -157.72 | -0.24 | 0.05 | -0.88 | -146.4 |
Other Unusual Items | 89.13 | 87.65 | 45.73 | 21.64 | 16.28 | 177.07 |
Pretax Income | 5,627 | 5,640 | 6,418 | 7,605 | 5,613 | 5,939 |
Income Tax Expense | 523.92 | 533.42 | 482.06 | 388.38 | 360.07 | 397.42 |
Earnings From Continuing Operations | 5,103 | 5,107 | 5,936 | 7,216 | 5,253 | 5,541 |
Minority Interest in Earnings | -473.17 | -496.6 | -613.91 | -449.48 | -391.34 | -568.34 |
Net Income | 4,630 | 4,610 | 5,322 | 6,767 | 4,861 | 4,973 |
Net Income to Common | 4,630 | 4,610 | 5,322 | 6,767 | 4,861 | 4,973 |
Net Income Growth | -13.58% | -13.38% | -21.35% | 39.19% | -2.24% | 123.74% |
Shares Outstanding (Basic) | 7,010 | 7,031 | 6,929 | 6,412 | 6,458 | 6,474 |
Shares Outstanding (Diluted) | 7,010 | 7,031 | 7,003 | 6,824 | 6,875 | 6,878 |
Shares Change | 0.16% | 0.40% | 2.62% | -0.75% | -0.04% | 0.57% |
EPS (Basic) | 0.66 | 0.66 | 0.77 | 1.06 | 0.75 | 0.77 |
EPS (Diluted) | 0.66 | 0.66 | 0.76 | 0.99 | 0.71 | 0.72 |
EPS Growth | -13.72% | -13.72% | -23.36% | 40.23% | -2.20% | 122.46% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Jan '24 Jan 1, 2024 | Jan '23 Jan 1, 2023 | Jan '22 Jan 1, 2022 |
Free Cash Flow | 4,660 | 5,348 | 5,872 | 3,899 | 3,130 | 3,849 |
Free Cash Flow Per Share | 0.67 | 0.76 | 0.84 | 0.57 | 0.46 | 0.56 |
Dividend Per Share | 0.373 | 0.373 | 0.417 | 0.531 | 0.414 | 0.346 |
Dividend Growth | -10.55% | -10.55% | -21.47% | 28.26% | 19.65% | 95.48% |
Gross Margin | 27.47% | 29.78% | 34.05% | 36.80% | 35.05% | 41.42% |
Operating Margin | 18.76% | 20.51% | 24.15% | 27.19% | 25.04% | 31.90% |
Profit Margin | 32.80% | 34.51% | 41.87% | 69.53% | 58.59% | 57.65% |
Free Cash Flow Margin | 33.02% | 40.02% | 46.20% | 40.06% | 37.72% | 44.62% |
EBITDA | 6,475 | 6,596 | 7,038 | 4,930 | 3,831 | 4,580 |
EBITDA Margin | 45.88% | 49.37% | 55.37% | 50.66% | 46.17% | 53.09% |
D&A For EBITDA | 3,828 | 3,856 | 3,968 | 2,284 | 1,754 | 1,828 |
EBIT | 2,648 | 2,740 | 3,070 | 2,646 | 2,077 | 2,752 |
EBIT Margin | 18.76% | 20.51% | 24.15% | 27.19% | 25.04% | 31.90% |
Effective Tax Rate | 9.31% | 9.46% | 7.51% | 5.11% | 6.42% | 6.69% |
Revenue as Reported | 14,114 | 13,360 | 12,711 | 9,731 | 8,297 | 8,626 |
Advertising Expenses | - | 0.3 | 0.41 | 1.05 | 1.33 | 1.18 |