China Merchants Shekou Industrial Zone Holdings Co., Ltd. (SHE:001979)

SHE:001979 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	175,648	178,948	175,008	183,003	160,643	129,621
Revenue Growth (YoY)	-4.41%	2.25%	-4.37%	13.92%	23.93%	32.71%
Cost of Revenue	154,126	156,386	149,480	151,416	121,442	94,962
Gross Profit	21,522	22,561	25,527	31,587	39,201	34,659
Selling, General & Admin	6,009	6,118	6,702	6,394	6,059	4,965
Research & Development	114.83	128.99	158.36	125.04	115.8	71.42
Other Operating Expenses	6,809	6,903	6,027	7,775	9,429	8,852
Operating Expenses	13,015	13,217	12,980	14,346	15,652	13,889
Operating Income	8,507	9,345	12,548	17,241	23,549	20,770
Interest Expense	-3,674	-3,596	-3,399	-4,127	-4,488	-4,405
Interest & Investment Income	5,823	5,899	5,404	4,926	6,332	8,306
Currency Exchange Gain (Loss)	-122.38	-122.38	-30.53	-593.48	26.06	69.5
Other Non Operating Income (Expenses)	-1,587	-1,713	-456.34	-1,618	-1,175	-656.17
EBT Excluding Unusual Items	8,946	9,812	14,066	15,828	24,244	24,084
Impairment of Goodwill	-159.56	-159.56	-	-	-	-
Gain (Loss) on Sale of Investments	-770.32	-762.02	38.28	256.35	-735.78	7.83
Gain (Loss) on Sale of Assets	33.59	34.16	-0.2	5.88	6.78	-5.9
Asset Writedown	-26.04	-25.71	-5.61	-1,199	-780.91	-52.39
Other Unusual Items	206.32	190.78	-110.13	925.86	108.31	75.79
Pretax Income	8,230	9,090	13,989	15,817	22,843	24,109
Income Tax Expense	4,591	4,901	4,882	6,719	7,641	7,196
Earnings From Continuing Operations	3,639	4,189	9,106	9,098	15,202	16,913
Minority Interest in Earnings	512.32	-150.33	-2,787	-4,834	-4,829	-4,660
Net Income	4,152	4,039	6,319	4,264	10,372	12,253
Preferred Dividends & Other Adjustments	824.5	712.5	-	-	-	-
Net Income to Common	3,327	3,326	6,319	4,264	10,372	12,253
Net Income Growth	-34.93%	-36.09%	48.20%	-58.89%	-15.35%	-23.58%
Shares Outstanding (Basic)	2,764	8,989	9,722	10,400	8,942	8,392
Shares Outstanding (Diluted)	2,764	8,989	9,722	10,400	8,942	8,392
Shares Change (YoY)	167.20%	-7.54%	-6.52%	16.31%	6.54%	4.16%
EPS (Basic)	1.20	0.37	0.65	0.41	1.16	1.46
EPS (Diluted)	1.20	0.37	0.65	0.41	1.16	1.46
EPS Growth	-80.48%	-43.08%	58.54%	-64.66%	-20.55%	-26.63%
Free Cash Flow	28,195	26,261	24,840	-10,100	15,970	23,389
Free Cash Flow Per Share	10.20	2.92	2.56	-0.97	1.79	2.79
Dividend Per Share	0.194	0.194	0.320	0.230	0.540	0.640
Dividend Growth	-39.52%	-39.52%	39.13%	-57.41%	-15.63%	-22.89%
Gross Margin	12.25%	12.61%	14.59%	17.26%	24.40%	26.74%
Operating Margin	4.84%	5.22%	7.17%	9.42%	14.66%	16.02%
Profit Margin	1.89%	1.86%	3.61%	2.33%	6.46%	9.45%
Free Cash Flow Margin	16.05%	14.67%	14.19%	-5.52%	9.94%	18.04%
EBITDA	11,619	12,378	15,271	19,533	25,281	22,156
EBITDA Margin	6.62%	6.92%	8.73%	10.67%	15.74%	17.09%
D&A For EBITDA	3,111	3,034	2,723	2,292	1,732	1,387
EBIT	8,507	9,345	12,548	17,241	23,549	20,770
EBIT Margin	4.84%	5.22%	7.17%	9.42%	14.66%	16.02%
Effective Tax Rate	55.78%	53.92%	34.90%	42.48%	33.45%	29.85%
Advertising Expenses	-	1,114	1,534	1,203	1,553	1,365

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.