HKG:0371 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	22,062	24,270	24,519	21,485	22,713
Revenue Growth (YoY)	-9.10%	-1.01%	14.12%	-5.41%	6.36%
Operations & Maintenance	-	316.3	-	-	224.02
Selling, General & Admin	3,006	3,070	3,317	2,973	2,573
Other Operating Expenses	14,355	15,459	15,349	13,212	13,725
Total Operating Expenses	17,361	18,846	18,666	16,185	16,522
Operating Income	4,701	5,425	5,853	5,300	6,191
Interest Expense	-2,332	-3,035	-3,223	-2,711	-2,188
Interest Income	449.25	818.86	888.24	991.42	916.85
Net Interest Expense	-1,883	-2,217	-2,335	-1,720	-1,271
Income (Loss) on Equity Investments	540.91	573.25	645.03	665.46	749.32
Currency Exchange Gain (Loss)	-	-4.41	-3.47	36.78	-
Other Non-Operating Income (Expenses)	-	-55.02	-37.73	-34.18	-27.1
EBT Excluding Unusual Items	3,359	3,722	4,122	4,248	5,643
Gain (Loss) on Sale of Investments	-	-	-	-1,146	-
Gain (Loss) on Sale of Assets	-	-2.45	-95.07	-	4.7
Asset Writedown	-	-2.87	-	-	-
Other Unusual Items	-	2.04	1.59	163.17	-
Pretax Income	3,359	3,719	4,028	3,265	5,647
Income Tax Expense	666.94	812.08	964.11	930.29	1,193
Earnings From Continuing Ops.	2,692	2,907	3,064	2,335	4,455
Minority Interest in Earnings	-1,006	-1,096	-1,076	-1,061	-863.97
Net Income	1,686	1,811	1,988	1,274	3,591
Preferred Dividends & Other Adjustments	-	243.69	162.94	131.72	211.84
Net Income to Common	1,686	1,568	1,825	1,142	3,379
Net Income Growth	-6.92%	-8.90%	56.06%	-64.52%	-3.43%
Shares Outstanding (Basic)	11,588	10,028	10,009	10,082	10,013
Shares Outstanding (Diluted)	11,588	10,028	10,021	10,090	10,073
Shares Change (YoY)	15.56%	0.07%	-0.68%	0.16%	-0.10%
EPS (Basic)	0.15	0.16	0.18	0.11	0.34
EPS (Diluted)	0.15	0.16	0.18	0.11	0.34
EPS Growth	-6.91%	-14.17%	60.94%	-66.27%	-3.24%
Free Cash Flow	-	1,331	1,210	1,935	-1,684
Free Cash Flow Per Share	-	0.13	0.12	0.19	-0.17
Dividend Per Share	-	0.151	0.143	0.139	0.128
Dividend Growth	-	6.16%	2.62%	8.58%	-6.24%
Profit Margin	7.64%	6.46%	7.45%	5.32%	14.88%
Free Cash Flow Margin	-	5.49%	4.93%	9.01%	-7.41%
EBITDA	6,285	7,009	7,365	6,376	6,843
EBITDA Margin	28.49%	28.88%	30.04%	29.68%	30.13%
D&A For EBITDA	1,584	1,584	1,512	1,076	651.94
EBIT	4,701	5,425	5,853	5,300	6,191
EBIT Margin	21.31%	22.35%	23.87%	24.67%	27.26%
Effective Tax Rate	19.85%	21.84%	23.93%	28.49%	21.12%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.