Kunlun Energy Company 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	193,979	187,046	177,354	171,944	138,547
Revenue Growth (YoY)	3.71%	5.46%	3.15%	24.10%	26.82%
Cost of Revenue	169,189	161,662	151,091	146,077	115,893
Gross Profit	24,790	25,384	26,263	25,867	22,654
Selling, General & Admin	9,034	9,321	9,626	9,519	8,885
Other Operating Expenses	-607	-1,075	-501	-54	-226
Operating Expenses	13,700	13,406	14,117	14,352	13,282
Operating Income	11,090	11,978	12,146	11,515	9,372
Interest Expense	-650	-803	-960	-899	-783
Interest & Investment Income	695	958	870	859	529
Earnings From Equity Investments	1,237	1,126	1,045	992	1,356
Currency Exchange Gain (Loss)	21	-59	-140	-589	254
EBT Excluding Unusual Items	12,393	13,200	12,961	11,878	10,728
Gain (Loss) on Sale of Assets	-	-	-	14	7
Asset Writedown	-732	-565	-368	-500	-159
Pretax Income	11,661	12,635	12,593	11,392	10,576
Income Tax Expense	3,195	3,128	3,338	3,189	2,698
Earnings From Continuing Operations	8,466	9,507	9,255	8,203	7,878
Earnings From Discontinued Operations	-	-	-	-	17,875
Net Income to Company	8,466	9,507	9,255	8,203	25,753
Minority Interest in Earnings	-3,120	-3,547	-3,573	-2,975	-2,737
Net Income	5,346	5,960	5,682	5,228	23,016
Net Income to Common	5,346	5,960	5,682	5,228	23,016
Net Income Growth	-10.30%	4.89%	8.68%	-77.28%	279.61%
Shares Outstanding (Basic)	8,659	8,659	8,659	8,659	8,659
Shares Outstanding (Diluted)	8,659	8,659	8,659	8,659	8,659
EPS (Basic)	0.62	0.69	0.66	0.60	2.66
EPS (Diluted)	0.62	0.69	0.66	0.60	2.66
EPS Growth	-10.30%	4.89%	8.68%	-77.28%	279.61%
Free Cash Flow	-	6,418	9,229	9,151	4,136
Free Cash Flow Per Share	-	0.74	1.07	1.06	0.48
Dividend Per Share	0.316	0.316	0.284	0.254	0.208
Dividend Growth	-	11.28%	11.78%	22.18%	-1.09%
Gross Margin	12.78%	13.57%	14.81%	15.04%	16.35%
Operating Margin	5.72%	6.40%	6.85%	6.70%	6.76%
Profit Margin	2.76%	3.19%	3.20%	3.04%	16.61%
Free Cash Flow Margin	-	3.43%	5.20%	5.32%	2.99%
EBITDA	15,719	16,607	16,620	15,957	13,550
EBITDA Margin	8.10%	8.88%	9.37%	9.28%	9.78%
D&A For EBITDA	4,629	4,629	4,474	4,442	4,178
EBIT	11,090	11,978	12,146	11,515	9,372
EBIT Margin	5.72%	6.40%	6.85%	6.70%	6.76%
Effective Tax Rate	27.40%	24.76%	26.51%	27.99%	25.51%

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