HKG:0686 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	5,633	4,642	3,080	1,800	922
Other Revenue	2,104	2,369	2,488	2,315	1,903
Revenue	7,737	7,011	5,568	4,115	2,825
Revenue Growth (YoY)	10.36%	25.92%	35.31%	45.66%	31.46%
Operations & Maintenance	478	360	188	123	83
Selling, General & Admin	175	181	129	53	38
Depreciation & Amortization	3,630	2,613	1,903	1,316	798
Amortization of Goodwill & Intangibles	7	3	-	-	-
Other Operating Expenses	1,268	1,131	1,110	525	322
Total Operating Expenses	5,558	4,288	3,330	2,017	1,241
Operating Income	2,179	2,723	2,238	2,098	1,584
Interest Expense	-2,219	-2,379	-1,997	-1,514	-1,110
Interest Income	77	185	361	38	129
Net Interest Expense	-2,142	-2,194	-1,636	-1,476	-981
Income (Loss) on Equity Investments	62	40	30	19	16
Currency Exchange Gain (Loss)	-	-8	-33	-5	-2
Other Non-Operating Income (Expenses)	305	149	147	4	-88
EBT Excluding Unusual Items	404	710	746	640	529
Total Merger & Restructuring Charges	-	-	-8	-23	-25
Gain (Loss) on Sale of Investments	-29	-2	-	-1	-3
Gain (Loss) on Sale of Assets	56	-	-	-	-6
Asset Writedown	-	-	-163	-	-7
Other Unusual Items	1	6	79	7	263
Pretax Income	432	714	654	623	751
Income Tax Expense	400	157	182	151	101
Earnings From Continuing Ops.	32	557	472	472	650
Net Income to Company	32	557	472	472	650
Minority Interest in Earnings	-191	-471	-430	-203	-86
Net Income	-159	86	42	269	564
Net Income to Common	-159	86	42	269	564
Net Income Growth	-	104.76%	-84.39%	-52.30%	134.03%
Shares Outstanding (Basic)	2,198	2,218	2,324	2,243	2,243
Shares Outstanding (Diluted)	2,198	2,218	2,324	2,243	2,243
Shares Change (YoY)	-0.90%	-4.56%	3.62%	-	4.38%
EPS (Basic)	-0.07	0.04	0.02	0.12	0.25
EPS (Diluted)	-0.07	0.04	0.02	0.12	0.25
EPS Growth	-	114.55%	-84.93%	-52.30%	124.21%
Free Cash Flow	-	-5,862	-12,481	-3,518	-1,859
Free Cash Flow Per Share	-	-2.64	-5.37	-1.57	-0.83
Dividend Per Share	0.072	0.092	0.091	0.090	-
Dividend Growth	-21.41%	1.10%	1.11%	-	-
Profit Margin	-2.05%	1.23%	0.75%	6.54%	19.96%
Free Cash Flow Margin	-	-83.61%	-224.16%	-85.49%	-65.81%
EBITDA	4,657	5,201	4,033	3,342	2,349
EBITDA Margin	60.19%	74.18%	72.43%	81.22%	83.15%
D&A For EBITDA	2,478	2,478	1,795	1,244	765
EBIT	2,179	2,723	2,238	2,098	1,584
EBIT Margin	28.16%	38.84%	40.19%	50.98%	56.07%
Effective Tax Rate	92.59%	21.99%	27.83%	24.24%	13.45%
Revenue as Reported	7,737	7,011	5,568	4,115	2,825

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