Henan Zhongyuan Expressway Company Limited / Estimates

Fiscal Year	Revenue	Net income	Net margin	Free cash flow	FCF margin
2024	€843.45M +22.2%	€106.55M +6.3%	12.6% -0.019 pp	€625.03M +38.4%	74.1% +0.087 pp
2023	€690.20M -23.0%	€100.26M +491.0%	14.5% +0.13 pp	€451.65M -32.5%	65.4% -0.091 pp
2022	€896.87M +32.2%	€16.96M -81.1%	1.9% -0.11 pp	€668.86M +73.3%	74.6% +0.18 pp
2021	€678.55M +10.4%	€89.98M +206.7%	13.3% +0.085 pp	€385.87M -1.2%	56.9% -0.067 pp
2020	€614.43M -20.5%	€29.34M -83.4%	4.8% -0.18 pp	€390.71M -23.9%	63.6% -0.028 pp
2019	€772.91M +10.6%	€176.72M +82.8%	22.9% +0.090 pp	€513.47M -26.4%	66.4% -0.33 pp
2018	€699.06M -1.2%	€96.68M -31.9%	13.8% -0.062 pp	€697.58M +14.1%	99.8% +0.13 pp
2017	€707.59M +48.6%	€141.95M +56.8%	20.1% +0.010 pp	€611.31M -18.2%	86.4% -0.71 pp
2016	€476.09M -13.3%	€90.55M -34.6%	19.0% -0.062 pp	€747.71M -30.3%	157.1% -0.38 pp
2015	€549.36M +16.8%	€138.52M +24.0%	25.2% +0.015 pp	€1.07B +28.1%	195.4% +0.17 pp
2014	€470.21M +27.3%	€111.68M +115.8%	23.8% +0.097 pp	€837.79M +44.4%	178.2% +0.21 pp
2013	€369.24M -23.2%	€51.74M -21.6%	14.0% +0.0029 pp	€580.36M +41.0%	157.2% +0.72 pp
2012	€480.59M +51.1%	€65.97M +81.4%	13.7% +0.023 pp	€411.69M -31.8%	85.7% -1.0 pp
2011	€317.97M +10.9%	€36.36M -42.9%	11.4% -0.11 pp	€603.27M -22.7%	189.7% -0.82 pp
2010	€286.75M +14.1%	€63.72M +18.4%	22.2% +0.0080 pp	€780.15M +101.5%	272.1% +1.2 pp
2009	€251.24M +12.0%	€53.83M +61.7%	21.4% +0.066 pp	€387.24M -8.6%	154.1% -0.35 pp
2008	€224.39M +0.8%	€33.29M -53.4%	14.8% -0.17 pp	€423.65M -24.0%	188.8% -0.62 pp
2007	€222.52M +14.3%	€71.43M +4.4%	32.1% -0.030 pp	€557.68M -0.9%	250.6% -0.38 pp
2006	€194.65M +5.0%	€68.40M +2.0%	35.1% -0.010 pp	€562.73M +75.5%	289.1% +1.2 pp
2005	€185.45M +24.3%	€67.05M +7.0%	36.2% -0.058 pp	€320.68M +1.2%	172.9% -0.39 pp
2004	€149.20M +53.6%	€62.65M +90.8%	42.0% +0.082 pp	€316.91M +201.2%	212.4% +1.0 pp
2003	€97.15M +17.8%	€32.83M -11.6%	33.8% -0.11 pp	€105.22M +47.3%	108.3% +0.22 pp
2002	€82.50M	€37.15M	45.0%	€71.44M	86.6%