Guangshen Railway 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
Operating Revenue	26,972	25,304	26,195	18,723	19,019
Other Revenue	1,714	1,786	-	1,221	1,187
Revenue	28,686	27,090	26,195	19,943	20,206
Revenue Growth (YoY)	5.89%	3.42%	31.35%	-1.30%	23.59%
Cost of Revenue	27,074	25,385	24,553	19,615	18,848
Gross Profit	1,612	1,705	1,642	328.82	1,358
Selling, General & Admin	196.32	167.77	175.15	-	-
Other Operating Expenses	24.71	59.04	-1.52	1,015	754.96
Operating Expenses	294.26	239.82	179.01	2,925	2,573
Operating Income	1,317	1,465	1,463	-2,596	-1,215
Interest Expense	-74.35	-104.23	-109.08	-81.42	-67.65
Interest & Investment Income	44.49	57.49	94.59	39.5	39.52
Earnings From Equity Investments	-	-	-	52.17	18.14
Currency Exchange Gain (Loss)	-0.06	0.29	0.36	1.96	-0.69
Other Non Operating Income (Expenses)	-1.02	-1.21	-33.81	0.13	-2.58
EBT Excluding Unusual Items	1,286	1,417	1,415	-2,583	-1,228
Gain (Loss) on Sale of Assets	373.31	17.61	96.65	3.59	-4.73
Asset Writedown	-7.03	2.17	-122.48	-	-16.8
Other Unusual Items	131.39	34.72	67.39	-	-
Pretax Income	1,784	1,472	1,457	-2,580	-1,250
Income Tax Expense	358.55	413.45	399.68	-586.15	-275.62
Earnings From Continuing Operations	1,425	1,059	1,057	-1,994	-973.96
Minority Interest in Earnings	0.35	1.64	1.39	-1.02	0.84
Net Income	1,426	1,060	1,058	-1,995	-973.12
Net Income to Common	1,426	1,060	1,058	-1,995	-973.12
Net Income Growth	34.49%	0.18%	-	-	-
Shares Outstanding (Basic)	7,083	7,082	7,055	7,084	7,084
Shares Outstanding (Diluted)	7,083	7,082	7,055	7,084	7,084
Shares Change (YoY)	0.01%	0.38%	-0.40%	-	-
EPS (Basic)	0.20	0.15	0.15	-0.28	-0.14
EPS (Diluted)	0.20	0.15	0.15	-0.28	-0.14
EPS Growth	34.47%	-0.20%	-	-	-
Free Cash Flow	2,775	1,415	94.06	-1,846	-57.79
Free Cash Flow Per Share	0.39	0.20	0.01	-0.26	-0.01
Dividend Per Share	0.090	0.070	0.070	-	-
Dividend Growth	28.57%	-	-	-	-
Gross Margin	5.62%	6.29%	6.27%	1.65%	6.72%
Operating Margin	4.59%	5.41%	5.58%	-13.01%	-6.01%
Profit Margin	4.97%	3.91%	4.04%	-10.00%	-4.82%
Free Cash Flow Margin	9.68%	5.22%	0.36%	-9.26%	-0.29%
EBITDA	3,275	3,421	3,379	-759.29	571.31
EBITDA Margin	11.42%	12.63%	12.90%	-3.81%	2.83%
D&A For EBITDA	1,958	1,956	1,916	1,836	1,786
EBIT	1,317	1,465	1,463	-2,596	-1,215
EBIT Margin	4.59%	5.41%	5.58%	-13.01%	-6.01%
Effective Tax Rate	20.10%	28.09%	27.44%	-	-
Revenue as Reported	28,686	27,090	-	19,943	20,206

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.