Puxing Energy Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	368.23	534.05	513.51	753.31	601.57
Revenue Growth (YoY)	-31.05%	4.00%	-31.83%	25.22%	3.68%
Fuel & Purchased Power	148.6	231.36	211.67	469.32	228.36
Operations & Maintenance	8.69	15.68	15.2	15.51	14.24
Selling, General & Admin	15.03	24.92	18.18	22.2	21.32
Depreciation & Amortization	89.86	105.6	90.57	87.92	88.1
Other Operating Expenses	31.57	36.83	37.13	38.79	47.02
Total Operating Expenses	293.75	414.39	372.74	633.75	399.04
Operating Income	74.49	119.67	140.77	119.56	202.54
Interest Expense	-20.57	-30.46	-35.75	-42.7	-53.74
Interest Income	0.77	1.27	0.62	0.58	0.37
Net Interest Expense	-19.8	-29.19	-35.13	-42.12	-53.38
Income (Loss) on Equity Investments	14.77	-	-	-	-
Currency Exchange Gain (Loss)	2.41	-2.52	-1.72	-4.4	-
Other Non-Operating Income (Expenses)	0.96	2	3.71	3.54	5.03
EBT Excluding Unusual Items	72.83	89.96	107.64	76.58	154.19
Gain (Loss) on Sale of Assets	-6.5	-	-	-	-
Pretax Income	66.33	89.96	107.64	76.58	154.19
Income Tax Expense	27.99	30.04	36.8	24.65	50.4
Earnings From Continuing Ops.	38.34	59.92	70.84	51.93	103.79
Minority Interest in Earnings	-	-0.02	0	0	0.03
Net Income	38.34	59.9	70.84	51.93	103.83
Net Income to Common	38.34	59.9	70.84	51.93	103.83
Net Income Growth	-36.00%	-15.44%	36.41%	-49.98%	-16.40%
Shares Outstanding (Basic)	459	459	459	459	459
Shares Outstanding (Diluted)	459	459	459	459	459
EPS (Basic)	0.08	0.13	0.15	0.11	0.23
EPS (Diluted)	0.08	0.13	0.15	0.11	0.23
EPS Growth	-36.00%	-15.18%	36.28%	-50.00%	-16.54%
Free Cash Flow	75.91	-14.46	167	109.28	151.5
Free Cash Flow Per Share	0.17	-0.03	0.36	0.24	0.33
Dividend Per Share	0.066	0.013	-	-	0.046
Dividend Growth	405.46%	-	-	-	-45.82%
Profit Margin	10.41%	11.22%	13.80%	6.89%	17.26%
Free Cash Flow Margin	20.61%	-2.71%	32.52%	14.51%	25.18%
EBITDA	162.91	223.47	229.43	205.46	287.34
EBITDA Margin	44.24%	41.84%	44.68%	27.27%	47.77%
D&A For EBITDA	88.43	103.8	88.66	85.89	84.8
EBIT	74.49	119.67	140.77	119.56	202.54
EBIT Margin	20.23%	22.41%	27.41%	15.87%	33.67%
Effective Tax Rate	42.20%	33.39%	34.19%	32.19%	32.69%

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