HKG:0916 Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	29,840	30,136	36,847	29,631	39,862	39,872
Other Revenue	116.66	116.66	317.08	-	-	-
Revenue	29,957	30,253	37,164	29,631	39,862	39,872
Revenue Growth (YoY)	-15.09%	-18.60%	25.42%	-25.67%	-0.03%	39.09%
Operations & Maintenance	-	-	-	1,058	1,011	1,044
Selling, General & Admin	512.61	508.48	470.71	712.02	765.59	793.51
Depreciation & Amortization	-	-	-	10,620	10,260	9,015
Provision for Bad Debts	-5.2	-5.92	-34.24	-	-7.77	-
Other Operating Expenses	19,298	19,267	22,647	3,433	13,889	14,409
Total Operating Expenses	19,961	19,914	23,292	15,824	25,918	25,261
Operating Income	9,995	10,339	13,872	13,807	13,944	14,611
Interest Expense	-3,242	-3,267	-3,503	-3,418	-3,503	-3,435
Interest Income	195.32	206.54	1,015	238.8	195.12	166.71
Net Interest Expense	-3,047	-3,060	-2,487	-3,180	-3,308	-3,268
Income (Loss) on Equity Investments	-	-	-	4.5	-419.37	-576.86
Currency Exchange Gain (Loss)	-185.14	-185.14	-65.33	-173.2	-422.18	-52.39
Other Non-Operating Income (Expenses)	-30.65	-39.27	-185.6	-53.72	37.97	-546.72
EBT Excluding Unusual Items	6,732	7,054	11,133	10,405	9,833	10,167
Gain (Loss) on Sale of Investments	-59.9	-24.79	15.18	-2,281	-108.09	95.21
Gain (Loss) on Sale of Assets	31.31	32.54	-10.29	-6.33	1.73	5.3
Asset Writedown	-53.12	-53.12	-977.31	-	-2,045	-256.23
Other Unusual Items	110.53	110.53	90.73	-	2.21	8.8
Pretax Income	6,761	7,119	10,252	8,118	7,684	10,020
Income Tax Expense	1,585	1,631	1,956	1,408	1,556	1,599
Earnings From Continuing Ops.	5,176	5,488	8,296	6,710	6,128	8,421
Earnings From Discontinued Ops.	-	-	-	253.69	-	-
Net Income to Company	5,176	5,488	8,296	6,964	6,128	8,421
Minority Interest in Earnings	-931.74	-961.63	-1,941	-553.52	-997.41	-988.29
Net Income	4,245	4,526	6,355	6,411	5,131	7,433
Preferred Dividends & Other Adjustments	-	-	45.82	154.9	228.35	254.42
Net Income to Common	4,245	4,526	6,309	6,256	4,902	7,178
Net Income Growth	-27.07%	-28.78%	-0.87%	24.95%	-30.97%	47.91%
Shares Outstanding (Basic)	8,360	8,360	8,361	8,381	8,363	8,036
Shares Outstanding (Diluted)	8,360	8,360	8,361	8,381	8,363	8,036
Shares Change (YoY)	0.20%	-0.01%	-0.24%	0.22%	4.06%	-
EPS (Basic)	0.51	0.54	0.75	0.75	0.59	0.89
EPS (Diluted)	0.51	0.54	0.75	0.75	0.59	0.89
EPS Growth	-26.64%	-28.25%	1.10%	27.33%	-34.37%	51.88%
Free Cash Flow	-271.32	-2,076	-9,772	-9,497	7,098	-106.97
Free Cash Flow Per Share	-0.03	-0.25	-1.17	-1.13	0.85	-0.01
Dividend Per Share	0.163	0.163	0.228	0.223	0.117	0.147
Dividend Growth	-28.67%	-28.67%	2.38%	90.01%	-20.34%	25.00%
Profit Margin	14.17%	14.96%	16.98%	21.11%	12.30%	18.00%
Free Cash Flow Margin	-0.91%	-6.86%	-26.29%	-32.05%	17.81%	-0.27%
EBITDA	22,982	23,054	25,500	24,423	24,053	23,480
EBITDA Margin	76.72%	76.20%	68.61%	82.42%	60.34%	58.89%
D&A For EBITDA	12,987	12,715	11,628	10,616	10,109	8,869
EBIT	9,995	10,339	13,872	13,807	13,944	14,611
EBIT Margin	33.37%	34.17%	37.33%	46.60%	34.98%	36.65%
Effective Tax Rate	23.44%	22.91%	19.08%	17.34%	20.24%	15.96%
Revenue as Reported	29,957	30,253	37,164	-	-	-

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