Jiangsu Expressway Co Ltd
SSE:600377
Income Statement
Earnings Waterfall
Jiangsu Expressway Co Ltd
Revenue
|
15B
CNY
|
Cost of Revenue
|
-9.5B
CNY
|
Gross Profit
|
5.5B
CNY
|
Operating Expenses
|
-301.8m
CNY
|
Operating Income
|
5.2B
CNY
|
Other Expenses
|
-785.5m
CNY
|
Net Income
|
4.4B
CNY
|
Income Statement
Jiangsu Expressway Co Ltd
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
7 658
N/A
|
8 311
+9%
|
8 646
+4%
|
8 831
+2%
|
8 991
+2%
|
9 021
+0%
|
9 057
+0%
|
8 761
-3%
|
9 065
+3%
|
8 516
-6%
|
8 371
-2%
|
9 201
+10%
|
9 450
+3%
|
9 805
+4%
|
9 925
+1%
|
9 456
-5%
|
9 983
+6%
|
9 929
-1%
|
10 107
+2%
|
9 969
-1%
|
9 509
-5%
|
9 663
+2%
|
9 824
+2%
|
10 078
+3%
|
8 680
-14%
|
7 911
-9%
|
7 935
+0%
|
8 032
+1%
|
9 461
+18%
|
10 426
+10%
|
10 635
+2%
|
14 261
+34%
|
14 274
+0%
|
13 580
-5%
|
15 618
+15%
|
13 256
-15%
|
14 307
+8%
|
15 838
+11%
|
15 380
-3%
|
15 192
-1%
|
15 036
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 939)
|
(4 448)
|
(4 720)
|
(4 919)
|
(4 995)
|
(4 921)
|
(4 938)
|
(4 662)
|
(4 808)
|
(4 320)
|
(4 038)
|
(4 498)
|
(4 683)
|
(4 861)
|
(4 883)
|
(4 357)
|
(4 736)
|
(4 669)
|
(4 722)
|
(4 670)
|
(4 335)
|
(4 391)
|
(4 489)
|
(4 630)
|
(4 495)
|
(4 590)
|
(4 451)
|
(4 774)
|
(4 973)
|
(5 198)
|
(5 539)
|
(9 210)
|
(9 649)
|
(9 594)
|
(11 397)
|
(8 970)
|
(9 606)
|
(10 294)
|
(9 864)
|
(9 577)
|
(9 516)
|
|
Gross Profit |
3 719
N/A
|
3 863
+4%
|
3 927
+2%
|
3 912
0%
|
3 997
+2%
|
4 100
+3%
|
4 119
+0%
|
4 100
0%
|
4 257
+4%
|
4 196
-1%
|
4 333
+3%
|
4 703
+9%
|
4 767
+1%
|
4 944
+4%
|
5 042
+2%
|
5 099
+1%
|
5 246
+3%
|
5 260
+0%
|
5 385
+2%
|
5 299
-2%
|
5 174
-2%
|
5 272
+2%
|
5 335
+1%
|
5 449
+2%
|
4 185
-23%
|
3 321
-21%
|
3 484
+5%
|
3 259
-6%
|
4 488
+38%
|
5 228
+16%
|
5 096
-3%
|
5 051
-1%
|
4 625
-8%
|
3 986
-14%
|
4 221
+6%
|
4 286
+2%
|
4 701
+10%
|
5 544
+18%
|
5 516
-1%
|
5 615
+2%
|
5 520
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(190)
|
(205)
|
(211)
|
(273)
|
(228)
|
(228)
|
(233)
|
(292)
|
(237)
|
(231)
|
(230)
|
(292)
|
(205)
|
(198)
|
(187)
|
(278)
|
(414)
|
(423)
|
(433)
|
(340)
|
(254)
|
(253)
|
(255)
|
(355)
|
(253)
|
(298)
|
(285)
|
(252)
|
(181)
|
(190)
|
(212)
|
(320)
|
(239)
|
(251)
|
(266)
|
(338)
|
(264)
|
(310)
|
(293)
|
(363)
|
(302)
|
|
Selling, General & Administrative |
(190)
|
(205)
|
(212)
|
(190)
|
(228)
|
(228)
|
(233)
|
(187)
|
(236)
|
(231)
|
(229)
|
(189)
|
(205)
|
(199)
|
(189)
|
(184)
|
(200)
|
(208)
|
(218)
|
(241)
|
(256)
|
(257)
|
(261)
|
(257)
|
(262)
|
(242)
|
(229)
|
(182)
|
(216)
|
(226)
|
(251)
|
(259)
|
(272)
|
(275)
|
(290)
|
(275)
|
(323)
|
(342)
|
(323)
|
(294)
|
(314)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(73)
|
0
|
0
|
0
|
(73)
|
0
|
0
|
0
|
(79)
|
0
|
0
|
0
|
(81)
|
0
|
0
|
0
|
(82)
|
0
|
0
|
0
|
(80)
|
0
|
0
|
0
|
(79)
|
0
|
0
|
0
|
(83)
|
0
|
0
|
0
|
(78)
|
0
|
0
|
0
|
(77)
|
0
|
|
Other Operating Expenses |
0
|
1
|
1
|
(10)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
(1)
|
(25)
|
0
|
1
|
1
|
(13)
|
(214)
|
(215)
|
(214)
|
(17)
|
2
|
4
|
7
|
(18)
|
10
|
(56)
|
(56)
|
9
|
35
|
36
|
39
|
22
|
33
|
24
|
25
|
16
|
59
|
32
|
29
|
8
|
13
|
|
Operating Income |
3 529
N/A
|
3 658
+4%
|
3 715
+2%
|
3 639
-2%
|
3 768
+4%
|
3 872
+3%
|
3 886
+0%
|
3 807
-2%
|
4 020
+6%
|
3 965
-1%
|
4 104
+4%
|
4 412
+8%
|
4 562
+3%
|
4 746
+4%
|
4 855
+2%
|
4 821
-1%
|
4 833
+0%
|
4 837
+0%
|
4 952
+2%
|
4 959
+0%
|
4 920
-1%
|
5 019
+2%
|
5 080
+1%
|
5 093
+0%
|
3 932
-23%
|
3 023
-23%
|
3 199
+6%
|
3 007
-6%
|
4 308
+43%
|
5 038
+17%
|
4 883
-3%
|
4 731
-3%
|
4 386
-7%
|
3 735
-15%
|
3 955
+6%
|
3 948
0%
|
4 437
+12%
|
5 234
+18%
|
5 223
0%
|
5 252
+1%
|
5 219
-1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
38
|
(289)
|
(420)
|
(523)
|
(616)
|
(547)
|
(524)
|
(295)
|
(448)
|
(267)
|
(165)
|
(5)
|
11
|
107
|
142
|
127
|
82
|
505
|
600
|
708
|
757
|
489
|
554
|
519
|
288
|
163
|
168
|
232
|
444
|
998
|
804
|
846
|
677
|
479
|
518
|
647
|
752
|
435
|
700
|
432
|
449
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(4)
|
(5)
|
(5)
|
(223)
|
(7)
|
(6)
|
(6)
|
(6)
|
(8)
|
(8)
|
(7)
|
(70)
|
(70)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
37
|
33
|
22
|
0
|
1
|
6
|
9
|
80
|
|
Gain/Loss on Disposition of Assets |
(8)
|
(9)
|
(6)
|
(3)
|
0
|
(2)
|
0
|
(628)
|
(0)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
79
|
(12)
|
(10)
|
(9)
|
(14)
|
(11)
|
8
|
11
|
(614)
|
(608)
|
(632)
|
18
|
15
|
7
|
6
|
(11)
|
(13)
|
(7)
|
(6)
|
(8)
|
(6)
|
(12)
|
(4)
|
(20)
|
(17)
|
9
|
25
|
0
|
(7)
|
(25)
|
(45)
|
(10)
|
(18)
|
(20)
|
(28)
|
(35)
|
(40)
|
(38)
|
(30)
|
(20)
|
(26)
|
|
Pre-Tax Income |
3 637
N/A
|
3 348
-8%
|
3 280
-2%
|
3 104
-5%
|
3 138
+1%
|
3 313
+6%
|
3 369
+2%
|
2 895
-14%
|
2 958
+2%
|
3 089
+4%
|
3 306
+7%
|
4 417
+34%
|
4 585
+4%
|
4 855
+6%
|
4 999
+3%
|
4 714
-6%
|
4 897
+4%
|
5 331
+9%
|
5 541
+4%
|
5 653
+2%
|
5 664
+0%
|
5 488
-3%
|
5 622
+2%
|
5 522
-2%
|
4 133
-25%
|
3 194
-23%
|
3 391
+6%
|
3 234
-5%
|
4 745
+47%
|
6 011
+27%
|
5 643
-6%
|
5 566
-1%
|
5 045
-9%
|
4 231
-16%
|
4 478
+6%
|
4 581
+2%
|
5 148
+12%
|
5 633
+9%
|
5 898
+5%
|
5 672
-4%
|
5 721
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(856)
|
(823)
|
(810)
|
(808)
|
(815)
|
(523)
|
(499)
|
(305)
|
(306)
|
(665)
|
(743)
|
(980)
|
(1 043)
|
(1 071)
|
(1 094)
|
(1 029)
|
(1 075)
|
(1 060)
|
(1 100)
|
(1 177)
|
(1 166)
|
(1 217)
|
(1 237)
|
(1 221)
|
(936)
|
(744)
|
(799)
|
(715)
|
(1 028)
|
(1 275)
|
(1 189)
|
(1 290)
|
(1 201)
|
(1 001)
|
(1 021)
|
(833)
|
(913)
|
(1 016)
|
(1 049)
|
(1 063)
|
(1 070)
|
|
Income from Continuing Operations |
2 781
|
2 525
|
2 471
|
2 296
|
2 323
|
2 790
|
2 870
|
2 590
|
2 652
|
2 424
|
2 564
|
3 437
|
3 542
|
3 784
|
3 904
|
3 685
|
3 822
|
4 271
|
4 442
|
4 476
|
4 498
|
4 271
|
4 385
|
4 300
|
3 197
|
2 450
|
2 592
|
2 519
|
3 717
|
4 736
|
4 454
|
4 277
|
3 843
|
3 230
|
3 457
|
3 748
|
4 235
|
4 616
|
4 849
|
4 610
|
4 652
|
|
Income to Minority Interest |
(72)
|
(71)
|
(73)
|
(68)
|
(73)
|
(71)
|
(75)
|
(83)
|
(82)
|
(85)
|
(84)
|
(91)
|
(91)
|
(98)
|
(102)
|
(97)
|
(95)
|
(95)
|
(98)
|
(99)
|
(104)
|
(101)
|
(102)
|
(101)
|
(64)
|
(46)
|
(56)
|
(55)
|
(76)
|
(78)
|
(42)
|
3
|
42
|
73
|
42
|
(24)
|
(79)
|
(159)
|
(197)
|
(196)
|
(219)
|
|
Net Income (Common) |
2 710
N/A
|
2 454
-9%
|
2 398
-2%
|
2 228
-7%
|
2 250
+1%
|
2 719
+21%
|
2 795
+3%
|
2 507
-10%
|
2 569
+2%
|
2 340
-9%
|
2 479
+6%
|
3 346
+35%
|
3 451
+3%
|
3 686
+7%
|
3 802
+3%
|
3 588
-6%
|
3 726
+4%
|
4 176
+12%
|
4 344
+4%
|
4 377
+1%
|
4 394
+0%
|
4 170
-5%
|
4 284
+3%
|
4 200
-2%
|
3 133
-25%
|
2 404
-23%
|
2 536
+6%
|
2 464
-3%
|
3 641
+48%
|
4 658
+28%
|
4 412
-5%
|
4 280
-3%
|
3 885
-9%
|
3 303
-15%
|
3 500
+6%
|
3 724
+6%
|
4 156
+12%
|
4 458
+7%
|
4 652
+4%
|
4 413
-5%
|
4 433
+0%
|
|
EPS (Diluted) |
0.54
N/A
|
0.49
-9%
|
0.48
-2%
|
0.44
-8%
|
0.45
+2%
|
0.54
+20%
|
0.56
+4%
|
0.5
-11%
|
0.51
+2%
|
0.47
-8%
|
0.49
+4%
|
0.66
+35%
|
0.68
+3%
|
0.72
+6%
|
0.75
+4%
|
0.71
-5%
|
0.74
+4%
|
0.83
+12%
|
0.86
+4%
|
0.87
+1%
|
0.87
N/A
|
0.83
-5%
|
0.85
+2%
|
0.83
-2%
|
0.62
-25%
|
0.47
-24%
|
0.5
+6%
|
0.49
-2%
|
0.72
+47%
|
0.92
+28%
|
0.88
-4%
|
0.85
-3%
|
0.77
-9%
|
0.66
-14%
|
0.69
+5%
|
0.74
+7%
|
0.82
+11%
|
0.88
+7%
|
0.92
+5%
|
0.88
-4%
|
0.88
N/A
|