Sichuan Expressway Co Ltd
SSE:601107
Income Statement
Earnings Waterfall
Sichuan Expressway Co Ltd
Revenue
|
11.7B
CNY
|
Cost of Revenue
|
-8.7B
CNY
|
Gross Profit
|
2.9B
CNY
|
Operating Expenses
|
-582.6m
CNY
|
Operating Income
|
2.3B
CNY
|
Other Expenses
|
-1.2B
CNY
|
Net Income
|
1.2B
CNY
|
Income Statement
Sichuan Expressway Co Ltd
Dec-2013 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
7 135
N/A
|
7 757
+9%
|
8 528
+10%
|
8 263
-3%
|
8 300
+0%
|
8 225
-1%
|
7 201
-12%
|
7 288
+1%
|
9 608
+32%
|
9 796
+2%
|
9 904
+1%
|
9 812
-1%
|
8 266
-16%
|
8 162
-1%
|
8 394
+3%
|
9 028
+8%
|
7 984
-12%
|
7 925
-1%
|
7 393
-7%
|
6 523
-12%
|
5 969
-8%
|
5 983
+0%
|
6 221
+4%
|
6 325
+2%
|
6 408
+1%
|
5 541
-14%
|
5 099
-8%
|
5 027
-1%
|
5 459
+9%
|
6 251
+15%
|
7 560
+21%
|
8 472
+12%
|
9 095
+7%
|
9 690
+7%
|
9 369
-3%
|
8 813
-6%
|
10 581
+20%
|
9 882
-7%
|
11 439
+16%
|
11 870
+4%
|
11 652
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(5 254)
|
(5 837)
|
(6 508)
|
(6 237)
|
(6 357)
|
(6 285)
|
(5 282)
|
(5 419)
|
(7 551)
|
(7 695)
|
(7 714)
|
(7 525)
|
(6 097)
|
(5 992)
|
(6 191)
|
(6 693)
|
(5 810)
|
(5 657)
|
(5 161)
|
(4 436)
|
(3 791)
|
(3 718)
|
(3 784)
|
(3 862)
|
(3 914)
|
(3 879)
|
(3 824)
|
(3 602)
|
(3 543)
|
(3 705)
|
(4 680)
|
(5 800)
|
(6 799)
|
(7 555)
|
(7 435)
|
(7 038)
|
(8 412)
|
(7 907)
|
(9 085)
|
(9 123)
|
(8 722)
|
|
Gross Profit |
1 881
N/A
|
1 920
+2%
|
2 020
+5%
|
2 026
+0%
|
1 943
-4%
|
1 940
0%
|
1 919
-1%
|
1 869
-3%
|
2 057
+10%
|
2 101
+2%
|
2 190
+4%
|
2 287
+4%
|
2 169
-5%
|
2 171
+0%
|
2 203
+1%
|
2 335
+6%
|
2 174
-7%
|
2 268
+4%
|
2 231
-2%
|
2 087
-6%
|
2 178
+4%
|
2 265
+4%
|
2 437
+8%
|
2 463
+1%
|
2 493
+1%
|
1 662
-33%
|
1 275
-23%
|
1 426
+12%
|
1 916
+34%
|
2 546
+33%
|
2 880
+13%
|
2 672
-7%
|
2 297
-14%
|
2 134
-7%
|
1 934
-9%
|
1 775
-8%
|
2 168
+22%
|
1 975
-9%
|
2 353
+19%
|
2 748
+17%
|
2 930
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(204)
|
(214)
|
(220)
|
(222)
|
(254)
|
(235)
|
(232)
|
(241)
|
(274)
|
(245)
|
(256)
|
(267)
|
(334)
|
(315)
|
(320)
|
(329)
|
(338)
|
(315)
|
(311)
|
(298)
|
(332)
|
(387)
|
(400)
|
(417)
|
(389)
|
(361)
|
(380)
|
(379)
|
(394)
|
(370)
|
(363)
|
(368)
|
(464)
|
(424)
|
(427)
|
(421)
|
(482)
|
(381)
|
(436)
|
(497)
|
(583)
|
|
Selling, General & Administrative |
(205)
|
(214)
|
(220)
|
(223)
|
(221)
|
(238)
|
(235)
|
(244)
|
(243)
|
(248)
|
(257)
|
(267)
|
(295)
|
(314)
|
(320)
|
(331)
|
(319)
|
(328)
|
(325)
|
(328)
|
(305)
|
(341)
|
(355)
|
(361)
|
(363)
|
(376)
|
(394)
|
(394)
|
(398)
|
(434)
|
(433)
|
(442)
|
(444)
|
(453)
|
(451)
|
(440)
|
(423)
|
(418)
|
(463)
|
(525)
|
(569)
|
|
Research & Development |
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(37)
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(38)
|
0
|
0
|
0
|
(43)
|
0
|
0
|
0
|
(44)
|
0
|
0
|
0
|
(45)
|
0
|
0
|
0
|
(43)
|
|
Other Operating Expenses |
0
|
0
|
0
|
1
|
(3)
|
2
|
4
|
4
|
1
|
3
|
0
|
0
|
(3)
|
0
|
(0)
|
2
|
18
|
13
|
14
|
30
|
10
|
(45)
|
(45)
|
(56)
|
11
|
15
|
15
|
15
|
47
|
64
|
69
|
74
|
25
|
29
|
24
|
18
|
(14)
|
37
|
27
|
28
|
29
|
|
Operating Income |
1 677
N/A
|
1 707
+2%
|
1 800
+6%
|
1 804
+0%
|
1 689
-6%
|
1 705
+1%
|
1 687
-1%
|
1 628
-4%
|
1 782
+9%
|
1 856
+4%
|
1 934
+4%
|
2 019
+4%
|
1 836
-9%
|
1 856
+1%
|
1 883
+1%
|
2 006
+7%
|
1 836
-8%
|
1 953
+6%
|
1 920
-2%
|
1 790
-7%
|
1 846
+3%
|
1 878
+2%
|
2 037
+8%
|
2 046
+0%
|
2 104
+3%
|
1 300
-38%
|
895
-31%
|
1 047
+17%
|
1 522
+45%
|
2 176
+43%
|
2 517
+16%
|
2 304
-8%
|
1 833
-20%
|
1 710
-7%
|
1 506
-12%
|
1 353
-10%
|
1 686
+25%
|
1 594
-5%
|
1 917
+20%
|
2 250
+17%
|
2 347
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(385)
|
(385)
|
(390)
|
(399)
|
(415)
|
(418)
|
(424)
|
(423)
|
(439)
|
(434)
|
(412)
|
(397)
|
(444)
|
(516)
|
(606)
|
(706)
|
(708)
|
(559)
|
(560)
|
(541)
|
(681)
|
(679)
|
(659)
|
(631)
|
(620)
|
(609)
|
(582)
|
(561)
|
(555)
|
(534)
|
(535)
|
(516)
|
(488)
|
448
|
492
|
510
|
(776)
|
(294)
|
(509)
|
(640)
|
(787)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
139
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(33)
|
(0)
|
(0)
|
2
|
(0)
|
0
|
4
|
1
|
925
|
28
|
27
|
26
|
10
|
(0)
|
(0)
|
(3)
|
(10)
|
|
Gain/Loss on Disposition of Assets |
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
0
|
(3)
|
0
|
(4)
|
(5)
|
(4)
|
(4)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
|
Total Other Income |
10
|
9
|
13
|
13
|
15
|
15
|
12
|
11
|
14
|
10
|
15
|
14
|
30
|
31
|
48
|
49
|
33
|
34
|
20
|
28
|
43
|
42
|
31
|
22
|
9
|
(23)
|
(15)
|
(14)
|
21
|
20
|
4
|
(1)
|
13
|
5
|
20
|
18
|
6
|
9
|
4
|
6
|
20
|
|
Pre-Tax Income |
1 300
N/A
|
1 329
+2%
|
1 423
+7%
|
1 418
0%
|
1 287
-9%
|
1 300
+1%
|
1 273
-2%
|
1 214
-5%
|
1 354
+12%
|
1 432
+6%
|
1 534
+7%
|
1 637
+7%
|
1 418
-13%
|
1 366
-4%
|
1 320
-3%
|
1 345
+2%
|
1 298
-3%
|
1 427
+10%
|
1 380
-3%
|
1 276
-7%
|
1 205
-6%
|
1 240
+3%
|
1 407
+13%
|
1 436
+2%
|
1 460
+2%
|
668
-54%
|
298
-55%
|
475
+59%
|
989
+108%
|
1 662
+68%
|
1 990
+20%
|
1 788
-10%
|
2 283
+28%
|
2 192
-4%
|
2 045
-7%
|
1 908
-7%
|
922
-52%
|
1 309
+42%
|
1 412
+8%
|
1 614
+14%
|
1 565
-3%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(229)
|
(242)
|
(238)
|
(238)
|
(228)
|
(227)
|
(252)
|
(238)
|
(270)
|
(288)
|
(304)
|
(319)
|
(295)
|
(297)
|
(290)
|
(320)
|
(329)
|
(345)
|
(346)
|
(329)
|
(304)
|
(308)
|
(322)
|
(324)
|
(330)
|
(244)
|
(178)
|
(197)
|
(258)
|
(329)
|
(391)
|
(360)
|
(337)
|
(317)
|
(304)
|
(282)
|
(248)
|
(297)
|
(297)
|
(318)
|
(303)
|
|
Income from Continuing Operations |
1 071
|
1 087
|
1 184
|
1 179
|
1 059
|
1 073
|
1 021
|
976
|
1 084
|
1 144
|
1 229
|
1 317
|
1 124
|
1 068
|
1 030
|
1 025
|
969
|
1 082
|
1 034
|
947
|
901
|
933
|
1 086
|
1 112
|
1 130
|
424
|
120
|
278
|
731
|
1 333
|
1 599
|
1 428
|
1 946
|
1 875
|
1 741
|
1 626
|
674
|
1 012
|
1 115
|
1 296
|
1 262
|
|
Income to Minority Interest |
(61)
|
(70)
|
(97)
|
(101)
|
(90)
|
(80)
|
(49)
|
(35)
|
(88)
|
(95)
|
(114)
|
(117)
|
(76)
|
(84)
|
(74)
|
(91)
|
(81)
|
(75)
|
(76)
|
(61)
|
(52)
|
(52)
|
(59)
|
(58)
|
(47)
|
(40)
|
(34)
|
(48)
|
(56)
|
(76)
|
(86)
|
(83)
|
(77)
|
(68)
|
(61)
|
(51)
|
(50)
|
(65)
|
(56)
|
(57)
|
(75)
|
|
Net Income (Common) |
1 010
N/A
|
1 017
+1%
|
1 088
+7%
|
1 078
-1%
|
969
-10%
|
993
+2%
|
972
-2%
|
941
-3%
|
996
+6%
|
1 050
+5%
|
1 115
+6%
|
1 200
+8%
|
1 047
-13%
|
985
-6%
|
956
-3%
|
934
-2%
|
888
-5%
|
1 007
+13%
|
958
-5%
|
886
-8%
|
849
-4%
|
881
+4%
|
1 026
+16%
|
1 054
+3%
|
1 083
+3%
|
384
-64%
|
86
-78%
|
230
+169%
|
675
+194%
|
1 257
+86%
|
1 513
+20%
|
1 346
-11%
|
1 869
+39%
|
1 807
-3%
|
1 680
-7%
|
1 576
-6%
|
624
-60%
|
947
+52%
|
1 059
+12%
|
1 239
+17%
|
1 187
-4%
|
|
EPS (Diluted) |
0.32
N/A
|
0.33
+3%
|
0.35
+6%
|
0.35
N/A
|
0.32
-9%
|
0.32
N/A
|
0.32
N/A
|
0.31
-3%
|
0.33
+6%
|
0.35
+6%
|
0.37
+6%
|
0.4
+8%
|
0.34
-15%
|
0.33
-3%
|
0.32
-3%
|
0.31
-3%
|
0.29
-6%
|
0.33
+14%
|
0.31
-6%
|
0.28
-10%
|
0.28
N/A
|
0.28
N/A
|
0.33
+18%
|
0.34
+3%
|
0.35
+3%
|
0.12
-66%
|
0.02
-83%
|
0.07
+250%
|
0.22
+214%
|
0.4
+82%
|
0.49
+23%
|
0.43
-12%
|
0.61
+42%
|
0.59
-3%
|
0.55
-7%
|
0.52
-5%
|
0.2
-62%
|
0.31
+55%
|
0.35
+13%
|
0.41
+17%
|
0.39
-5%
|