China State Construction Engineering Corporation Limited (SHA:601668)

SHA:601668 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	2,185,029	2,179,006	2,255,223	2,046,879	1,889,151	1,612,062
Other Revenue	8,141	8,141	10,306	8,173	3,556	2,989
Revenue	2,193,171	2,187,148	2,265,529	2,055,052	1,892,706	1,615,051
Revenue Growth (YoY)	-4.23%	-3.46%	10.24%	8.58%	17.19%	13.75%
Cost of Revenue	1,981,767	1,974,908	2,045,181	1,842,402	1,677,978	1,440,350
Gross Profit	211,404	212,240	220,348	212,650	214,728	174,701
Selling, General & Admin	43,768	43,339	42,030	40,540	40,818	34,526
Research & Development	45,002	45,459	46,074	49,753	40,020	25,523
Other Operating Expenses	8,976	9,219	13,424	11,543	14,401	15,283
Operating Expenses	111,390	111,781	111,474	111,004	106,771	78,069
Operating Income	100,014	100,459	108,874	101,646	107,957	96,631
Interest Expense	-21,719	-21,791	-20,111	-17,895	-14,023	-12,428
Interest & Investment Income	6,047	5,737	8,609	9,589	7,900	9,927
Currency Exchange Gain (Loss)	67.39	67.39	-1,209	-3,344	2,017	2,651
Other Non Operating Income (Expenses)	-4,691	-4,860	-3,137	-4,190	-2,733	-2,205
EBT Excluding Unusual Items	79,718	79,611	93,027	85,807	101,119	94,577
Impairment of Goodwill	-	-	-	-	-0.03	-16.13
Gain (Loss) on Sale of Investments	93.48	94.32	-9.44	-116.3	-236.59	50.77
Gain (Loss) on Sale of Assets	558.14	561.19	226.08	432.39	332.74	166.17
Asset Writedown	-123.51	-111.99	-643.69	-462.65	-134.14	-360.31
Legal Settlements	-1,000	-1,000	-142.11	319.94	-142.13	-471.29
Other Unusual Items	882.66	882.66	537.44	2,856	99.81	326.44
Pretax Income	80,128	80,037	92,995	88,835	101,038	94,272
Income Tax Expense	17,287	17,300	19,456	19,624	23,167	23,341
Earnings From Continuing Operations	62,842	62,737	73,540	69,212	77,871	70,931
Minority Interest in Earnings	-16,563	-16,550	-19,276	-18,261	-26,323	-26,006
Net Income	46,279	46,187	54,264	50,950	51,549	44,925
Preferred Dividends & Other Adjustments	283.8	283.8	207.19	585.66	589.75	751.14
Net Income to Common	45,995	45,903	54,057	50,365	50,959	44,174
Net Income Growth	-14.99%	-14.89%	6.50%	-1.16%	14.74%	7.27%
Shares Outstanding (Basic)	41,088	41,320	41,290	40,837	40,623	41,152
Shares Outstanding (Diluted)	41,088	41,320	41,391	41,126	40,623	41,152
Shares Change (YoY)	-1.03%	-0.17%	0.64%	1.24%	-1.29%	-0.06%
EPS (Basic)	1.12	1.11	1.31	1.23	1.25	1.07
EPS (Diluted)	1.12	1.11	1.31	1.23	1.25	1.07
EPS Growth	-14.49%	-15.12%	6.22%	-1.51%	16.45%	12.38%
Free Cash Flow	-5,620	-10,146	-28,779	-25,431	-22,648	-32,483
Free Cash Flow Per Share	-0.14	-0.25	-0.69	-0.62	-0.56	-0.79
Dividend Per Share	0.272	0.272	0.271	0.253	0.250	0.215
Dividend Growth	0.02%	0.02%	7.42%	1.08%	16.44%	16.05%
Gross Margin	9.64%	9.70%	9.73%	10.35%	11.34%	10.82%
Operating Margin	4.56%	4.59%	4.81%	4.95%	5.70%	5.98%
Profit Margin	2.10%	2.10%	2.39%	2.45%	2.69%	2.73%
Free Cash Flow Margin	-0.26%	-0.46%	-1.27%	-1.24%	-1.20%	-2.01%
EBITDA	112,881	113,193	121,074	112,328	117,353	105,236
EBITDA Margin	5.15%	5.17%	5.34%	5.47%	6.20%	6.52%
D&A For EBITDA	12,868	12,734	12,200	10,682	9,396	8,604
EBIT	100,014	100,459	108,874	101,646	107,957	96,631
EBIT Margin	4.56%	4.59%	4.81%	4.95%	5.70%	5.98%
Effective Tax Rate	21.57%	21.62%	20.92%	22.09%	22.93%	24.76%

Updated Oct 25, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.