Shenzhen Expressway Corporation Limited (HKG:0548)

HKG:0548 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	Dec 31, 2020
Operating Revenue	6,196	6,462	6,993	6,736	7,704	6,907
Other Revenue	2,783	2,783	2,302	2,637	3,186	1,119
Revenue	8,979	9,246	9,295	9,373	10,890	8,027
Revenue Growth (YoY)	-4.77%	-0.53%	-0.83%	-13.93%	35.67%	25.61%
Cost of Revenue	6,275	6,489	6,082	6,453	7,116	5,215
Gross Profit	2,704	2,757	3,214	2,920	3,774	2,812
Selling, General & Admin	468.34	472.76	502.97	479.29	631.55	416.14
Research & Development	31.08	32.93	33.48	46.48	60.57	58.69
Other Operating Expenses	45.83	40.43	19.56	34.66	74.11	55.3
Operating Expenses	642.42	640.08	618.28	622.18	791.52	578.34
Operating Income	2,062	2,117	2,595	2,298	2,982	2,234
Interest Expense	-992.82	-1,060	-1,230	-1,185	-1,140	-697.48
Interest & Investment Income	988.08	1,100	1,576	1,664	1,147	999.34
Currency Exchange Gain (Loss)	-46.18	-46.18	-72.78	-318.16	66.5	154.94
Other Non Operating Income (Expenses)	-104.64	-112.87	-46.76	-35.01	2.02	-12.14
EBT Excluding Unusual Items	1,906	1,998	2,822	2,424	3,058	2,678
Impairment of Goodwill	-	-	-	-46.04	-110	-
Gain (Loss) on Sale of Investments	77.41	2.64	153.61	95.18	348.27	-2.34
Gain (Loss) on Sale of Assets	8.8	8.83	13.65	7.3	17.39	0.07
Asset Writedown	-219.8	-219.8	-	-19.05	-14.75	-
Other Unusual Items	-30.9	-31.06	-73.75	23.61	58.23	33.32
Pretax Income	1,742	1,758	2,916	2,485	3,357	2,709
Income Tax Expense	522.18	540.21	529.8	529.32	551.15	473.91
Earnings From Continuing Operations	1,220	1,218	2,386	1,955	2,806	2,236
Minority Interest in Earnings	-67.73	-73.16	-58.63	61.29	-192.84	-181.03
Net Income	1,152	1,145	2,327	2,016	2,613	2,055
Net Income to Common	1,152	1,145	2,327	2,016	2,613	2,055
Net Income Growth	-51.09%	-50.80%	15.41%	-22.83%	27.19%	-19.88%
Shares Outstanding (Basic)	2,581	2,596	2,370	2,403	2,348	2,195
Shares Outstanding (Diluted)	2,581	2,596	2,370	2,403	2,348	2,195
Shares Change (YoY)	9.11%	9.56%	-1.40%	2.37%	6.96%	0.65%
EPS (Basic)	0.45	0.44	0.98	0.84	1.11	0.94
EPS (Diluted)	0.45	0.44	0.98	0.84	1.11	0.94
EPS Growth	-55.18%	-55.09%	17.04%	-24.62%	18.91%	-20.40%
Free Cash Flow	1,139	1,658	1,999	1,278	-41.22	-1,383
Free Cash Flow Per Share	0.44	0.64	0.84	0.53	-0.02	-0.63
Dividend Per Share	0.244	0.244	0.550	0.462	0.620	0.430
Dividend Growth	-55.64%	-55.64%	19.05%	-25.48%	44.19%	-17.31%
Gross Margin	30.12%	29.82%	34.57%	31.15%	34.66%	35.03%
Operating Margin	22.96%	22.89%	27.92%	24.52%	27.39%	27.83%
Profit Margin	12.83%	12.38%	25.04%	21.52%	24.00%	25.60%
Free Cash Flow Margin	12.69%	17.93%	21.51%	13.64%	-0.38%	-17.23%
EBITDA	4,303	4,370	4,897	4,505	5,216	3,968
EBITDA Margin	47.92%	47.26%	52.68%	48.07%	47.90%	49.44%
D&A For EBITDA	2,241	2,253	2,302	2,208	2,234	1,734
EBIT	2,062	2,117	2,595	2,298	2,982	2,234
EBIT Margin	22.96%	22.89%	27.92%	24.52%	27.39%	27.83%
Effective Tax Rate	29.98%	30.72%	18.17%	21.30%	16.42%	17.49%
Revenue as Reported	8,979	9,246	9,295	-	10,890	-
Advertising Expenses	-	1.59	2.58	4.27	8.6	1.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.